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1581  Economy / Gambling discussion / Re: [Boxing] Devin Haney vs Vasiliy Lomachenco - May 20 on: March 13, 2023, 03:08:26 AM
So, the May 20 date is final per the article i've read and this will be held in the MGM Grand Garden Arena in Las Vegas.

Quote
BoxingScene.com has confirmed that their 12-round, 135-pound championship match will be held at MGM Grand Garden Arena in Las Vegas. Their fight for Haney’s IBF, WBA, WBC and WBO lightweight titles will headline an ESPN Pay-Per-View show that night.


This is another fight where there are 2 very good fighters that will bring the sport of boxing back going forward again very much similar to Tank vs. King Ry and Inuoe vs. Fulton. Terence Crawford and Errol Spence has been a disappointment for the fans. They should learn from the example of Tank and Ryan where there are 2 fighters who are in their correct boxing age to fight each other. I reckon this will break records in pay per view and gross revenue.

In any case, the winner of this will fight the winner of Tank vs King Ry, correct?

The next months will be good for boxing fans. April 22 Tank vs. King Ry, May 7 Inoue vs. Fulton and May 20 Haney vs. Lomanchenko hehehe.
1582  Economy / Gambling discussion / Re: 2023 Oscar Awards betting and discussions on: March 13, 2023, 02:01:53 AM
The Oscar Award ceremony is just a few hours away. Have you decided on your top picks yet? It's time to start making some tough choices! Which films and performances have truly resonated with you this year? Will your picks align with the Academy's choices, or will there be some surprises?

So, grab some popcorn, sit back, and let's see who takes home the coveted golden statuettes.  Wink

All Quiet On The Western Front won 2 awards already for best cinematography and best foreign movie. I did not hear antiwar speeches except from the speech of the best documentary awardees hehe.

Also, the president of the Academy of motion picture arts and sciences went on stage. She is Chinese. This removes all my hopes that All Quiet might win heheehe. Best picture will go to the movie with many Chinese actors Everything Everywhere.

@nullama. There is a Netflix special from Chris Rock's stand up comedy. He talks about the truth about what he speculates why Will Smith slapped him hehe.
1583  Economy / Speculation / The bitcoin pump on March 12 on: March 13, 2023, 01:22:01 AM
Bitcoin has been pumping that begun since more than 8 hours. This might be because it appears that the department of treasury of America and the Federal Reserve are going to give Silicon Valley Bank and Signature Bank the funding and the cashflow that they are needing to give their depositors 100% of their money.



After receiving a recommendation from the boards of the FDIC and the Federal Reserve, and consulting with the President, Secretary Yellen approved actions enabling the FDIC to complete its resolution of Silicon Valley Bank, Santa Clara, California, in a manner that fully protects all depositors. Depositors will have access to all of their money starting Monday, March 13.  No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer.

Finally, the Federal Reserve Board on Sunday announced it will make available additional funding to eligible depository institutions to help assure banks have the ability to meet the needs of all their depositors.


Read in full https://home.treasury.gov/news/press-releases/jy1337
1584  Economy / Exchanges / Re: New York Attorney General Sues KuCoin on: March 13, 2023, 12:35:25 AM
The skeptical me is beginning to speculate that there is a coordinated attack against the cryptospace.
This is not the first time, but know that those centralized platforms are causing the attack. What is centralized can be controlled, the more decentralized things are, the lesser the control can be.

I am sorry if I did not make the post quite clear for you. I will try to create a clearer one next time.

What I was trying to tell everyone was the recent bad news we were reading, the rumors of wells notices and the 49k coins of bitcoin deposits to Coinbase made by wallets controlled by the American government, assumed for dumping, have been appearing like something coordinated to bring the price down. It was not organic selling.
1585  Economy / Exchanges / Re: Coinbase to Suspend Binance USD (BUSD) Trading on: March 12, 2023, 03:03:38 AM
I am not assuming that Binance was responsible for the depeg of USDC, however, it is speculated that the depeg going below $0.90 were the manipulations created by the whales to trick USDC holders into converting USDC to other stablecoins. I reckon if someone wanted to take advantage of this crisis and to send a message to Brian Armstrong and the whole cryptospace who is the king, it might be CZ. It is well recognized that USDC is Coinbase's first choice.

If this is proven, I will also not be shocked to know that Justin Sun helped CZ.
1586  Economy / Speculation / Re: The Big Short movie, BTC edition? on: March 12, 2023, 02:18:32 AM
This is very head scratching. It has always been speculated that Tether might be the stablecoin that might fail and bring the big short to the cryptospace, however, it is beginning to appear that USDC might be the one hehehe.

The peg went below $0.90 but it is returning back to $0.95. We cannot be quite certain if this is the end of the show, however.



Crypto investors have flocked to redeem their USD Coin (USDC) holdings after its issuer Circle revealed it held $3.3 billion of its reserves at the failed Silicon Valley Bank (SVB).

Concerns about USDC’s reserves emerged after U.S. regulators took control of the bank. The stablecoin issuer confirmed it had exposure to the institution, leading to massive withdrawals from the platform.

Meanwhile, the concerns about the stablecoin reserves have seen it depeg against its rivals. BeInCrypto data showed that the stablecoin tanked 10% following the news to $0.90 as of press time.

Top crypto exchanges Binance and Coinbase said they would suspend USDC’s conversion, citing “market conditions.” Binance said the move was a “normal risk-management procedural step to take.” Coinbase also suspended the stablecoin’s conversion over the weekend. The U.S.-based exchange plans to recommence the conversion on Monday when banks open.


Source https://beincrypto.com/usdc-market-cap-6b-circle-exposure-silicon-valley-bank/



Also, there are reports that there are billions of venture capital funds that cannot be withdrawn from Silicon Valley bank because of the bank run. The crypto related funds are owned by a16z cryptoventures, Pantera and Paradigm. They have invested billions in different projects in the cryptospace.



Source https://mobile.twitter.com/wublockchain/status/1634473009061953536
1587  Economy / Exchanges / Re: Is the Binance the next to bite the dust or FUD? on: March 11, 2023, 02:23:59 AM
I hope you are correct that this will not lead for Binance to be biting the dust because I reckon it will certainly make the cryptospace perceived as a comedy show by scammers and hustlers.
In recent events, many centralized exchanges and services have bitten the dust and people have lost so much money, if Binance is next to bite the dust, it would just be added to the long list of centralized exchanges that have collapsed. Yeah it is a bigger exchange and may have a bigger impact, but that's for shitcoins as it would expunge many of them from the network; the only effect it will have on BTC is a temporary reduction in price and a chance to buy low.
This might discourage the institutional investors and encourage regulators to protect consumers by creating stricter regulations that will restrain innovation. Also, regulations are only made under an act that it was created to protect consumers. What it will do is harden the rulers' financial leadership. The cryptospace will not be ours anymore.
Or it may encourage people to look for no-KYC alternatives to buy their BTC and to only hold them in a self custody wallet. Because of how 'powerful' centralized exchanges have become, many people think they own or control the network, maybe it would teach people to know they can buy, sell and hold their BTC's without Binance.

In another news, silvergate is shutting down operations.
silvergate is shutting operations and liquidating after market meltdown.


There is also the Silverbank, the Silicon Valley bank that are having problems and also another rumored unnamed bank that might also be having similar problems. Mainstream news media are making it appear that the cryptospace is the cause, however, there are information being shared social media that their problems are self inflicted.

What we should very much concered about is USDC because much of the stablecoin is presently not backed by real dollars. Circle was holding billions of the backing in one of those banks.
1588  Economy / Exchanges / New York Attorney General Sues KuCoin on: March 11, 2023, 01:56:35 AM
The skeptical me is beginning to speculate that there is a coordinated attack against the cryptospace. Within 7 days we witnessed what was assumed a market dump of 49,000 coins by the American government, a fud on Binance, rumor that the SEC are sending wells notices to all Defi project founders located in the USA and presently New York AG vs. Kucoin. This is very head shaking. The market appears to have been okay, however.



The New York Attorney General's office today filed a lawsuit against cryptocurrency exchange KuCoin for allegedly violating securities and commodities laws in the state.

The NYAG's lawsuit targets KuCoin for allegedly “falsely representing itself as an exchange” when really it is a “securities and commodities broker-dealer.” It aims to block access to the exchange in New York by forcing KuCoin to geo-fence its website based on IP addresses and GPS location.


Read in full https://decrypt.co/123102/new-york-attorney-general-kucoin-ethereum-security
1589  Economy / Gambling discussion / Re: 🏈🏈 The American Football Discussion Thread 🏈🏈 on: March 10, 2023, 04:35:05 AM
This might be the most head shaking speculation. Lamar certainly appears that he does not want to play for the Ravens. There are teams that need a quarterback, however, there is a team that certainly needs a quarterback of Lamar's caliber to win the superbowl. They have the offensive line, the wide receivers, the tightend and the running back. What is needed is the quarterback which it can be Lamar. My prediction is Trey Lance will be traded to the Ravens for Lamar Jackson!
1590  Bitcoin / Bitcoin Discussion / [NEWS] Biden budget proposes 30% tax on crypto mining electricity usage on: March 10, 2023, 03:16:41 AM
I speculated about this before but I was called an antagonizer and a fud spreader. However, it is here. The Biden administration is pushing out bitcoin mining by making it more difficult to make profit through raising their taxes. They cannot do a blanket ban similar to the Chinese way because America's government structure is less centralized than China's government structure.

On account of this, I speculate that there is a chance that illegal mining and stealing of electrcity might rise in America. Is there a chance that American gangs and cartels might be interested in mining internet money?



United States crypto miners could eventually be subject to a 30% tax on electricity costs under a budget proposal by President Joe Biden aimed to “reduce mining activity.”

Read in full https://cointelegraph.com/news/biden-budget-proposes-30-tax-on-crypto-mining-electricity-usage
1591  Economy / Speculation / Re: BTC Sentiment Poll for March on: March 09, 2023, 03:19:54 AM
This new information was shared by @PeckShieldAlert that 49k coins of bitcoin from wallets controlled by the American government were transferred to Coinbase. It might not be a speculation anymore if someone predicts that $25k for March is impossible if these coins will be dumped.



#PeckShieldAlert 49k $BTC (worth $1 Billion) from wallets related to US Government law enforcement seizures have been transferred to #Coinbase (~9.8k $BTC, worth $217M), bc1qf2…fsv (30k $BTC) & bc1qe7…rdg (9k $BTC) #SilkRoad

Source https://mobile.twitter.com/peckshieldalert/status/1633331891347820544
1592  Economy / Exchanges / Re: Is the Binance the next to bite the dust or FUD? on: March 09, 2023, 02:32:43 AM
I don't think it's completely baseless FUD, we all know they all know we all know they do the same things behind those desks, SBF was just too far out of his league, and lacked the same level of checks and balances.

Does this lead to Binance biting the dust? Nah. Does it mean they won't eventually bite the dust? I won't dismiss the possibility entirely, but it won't be because of this. If I'm wrong and it does? What doesn't kill Bitcoin only makes it stronger =)

I hope you are correct that this will not lead for Binance to be biting the dust because I reckon it will certainly make the cryptospace perceived as a comedy show by scammers and hustlers. This might discourage the institutional investors and encourage regulators to protect consumers by creating stricter regulations that will restrain innovation. Also, regulations are only made under an act that it was created to protect consumers. What it will do is harden the rulers' financial leadership. The cryptospace will not be ours anymore.

News update for everyone.



Short seller Marc Cohodes said his early scepticism of bankrupt crypto exchange FTX and disgraced CEO Sam Bankman-Fried led him to short the company’s main bank, Silvergate.

As fears surrounding Silvergate’s finances clobber the stock price, the short seller has turned his sights – and bearish bets – to two companies that he claims are analogous: crypto exchange Binance and Signature Bank.

He colourfully explained his thinking about Signature to DL News: “They have major problems, and they have very similar issues to Silvergate. It’s not as exposed to crypto as Silvergate, but their loan book is terrible. And they have huge KYC and AML liability.”

”This is not rocket science,” Cohodes said. “Signature is next, Binance is next.”


Source https://www.dlnews.com/articles/people-culture/short-seller-marc-cohodes-shorts-signature-silvergate-binance-ftx/
1593  Economy / Gambling discussion / Re: 2023 Oscar Awards betting and discussions on: March 09, 2023, 01:52:50 AM
@Betwrong. The final voting for the Oscar awards this year are done on March 2 to March 7 and very much similar to the years before, there are some leaks in information that the oddmakers can collect and change the odds correspondingly.

In any case, the odds did not change. I am quite certain Everything Everywhere will win the Oscar for best picture. I speculate the Hollywood agenda this year is forget everything, enjoy your life heehehe.

I thought it's about constant fighting for understanding between generations and between people in general, but, well, maybe it's because I'm living in the midst of the war for the last year I see fighting even in movies. Now I think it's both, and you are right too. Smiley


Was that the movie's storyline hehehe? What I saw immediately was the LGBTQ agenda and on a conservative Asian family hehe. The messaging has become stronger and it is being displayed everywhere. I am not against LGBTQ, however, the methods used by the creators of movies and television series are forcing it on us already. This is not good, I reckon.

In any case, you have made good bet. It appears that the Oscars voters have again chosen a happy movie this year.
1594  Economy / Gambling discussion / Re: 🏈🏈 The American Football Discussion Thread 🏈🏈 on: March 08, 2023, 04:33:23 AM
Derek Carr has joined the Saints after he left the Raiders. If I remember correctly, the Raiders wanted to trade him to the Saints in exchange for draft picks. Derek Carr scammed his own team hehehe. This might also open a chance for Lamar to the Raiders.

The draft begins on April 23. Why is this sport's offseason very long, the regular season and post very short?
1595  Economy / Exchanges / Re: [Updated] FTX on: March 08, 2023, 03:37:45 AM
If the bullrun would have continued for another two years, who knows how many billions more they would have embezzled.
Yep. If there is any positive thing about all this mess, its that it happened sooner than later because God knows how many more people would lose their money as FTX kept growing due their aggressive marketing, no withdrawal fees and other tactics to attract as many users as possible.



In other news, FTX confirms for the first time that 8.9 billion dollars of users money is missing so if there's anyone still hoping that they will ever see their money back, think again.

A recent report from the Wall Street Journal pointed out that $8.9 billion worth of customer funds have been unaccounted for and therefore missing.

This is the first time the exchange has revealed a number pertaining to the fund deficiency. The exchange has reportedly pinned down around $2.7 billion in customer assets, relative to $11.6 billion of the balance outstanding on customer accounts. The estimated value of FTX’s assets and liabilities is based on asset prices in November 2022, when the firm filed for bankruptcy.

Alameda Research had borrowed around $9.3 billion from customer accounts before bankruptcy. Thus, the current $8.9 billion hole can be attributed to Alameda Research. FTX did not clarify if the funds were borrowed with or without customer consent. According to a financial update filed, FTX’s sister company only had around $475 million in cash in its accounts as of Jan. 31.

Thus, at this stage, it cannot be anticipated how much compensation affected customers would receive, even though the exchange has tracked down $2.7 billion. However, around $1.5 billion of that said amount includes illiquid crypto assets like FTX’s token, FTT

There might be other types scams that might have occured. They might also sometimes be done on their own services similar to this hedgefund.

It is speculated that the founder of Multicoin capital has been selling his own cryptocoins and tokens to the hedgefund before the bubble pop of the bull market.



Multicoin Capital’s hedge fund lost 91.4% in 2022, according to a copy of the firm’s annual investor letter viewed by CoinDesk.

Source https://www.coindesk.com/business/2023/03/04/multicoin-capitals-hedge-fund-lost-914-last-year-investor-letter-reveals/

That Multicoin Capital’s hedge fund news goes to show one of the scariest aspects of "crypto-space": The interdependence of many non-decentralized coins / tokens and platforms. If one fails, it will create a snowball effect that's hard to stop.
I think truely decentralized coins (there's just a handful, if at all), most and foremost Bitcoin, are less vulnurable towards these influences, however still take a hit when a big ship things, such as FTX.
Especially stablecoins - if they were to fail in a similar way as FTX - could bring down even Bitcoin by quite a bit for several months, up to a few years, worst case scenario.

You are comparing different things. The founder Kyle Salami can also have bitcoin and ethereum which he also dumped on his own hedgefund Multicoin Capital. Also, this might not only be happening in organizations similar to hedgefunds. Development teams of different Defi projects might also be dumping their own stake from the project to hold in the project's treasury.
1596  Economy / Exchanges / Re: Is the Binance the next to bite the dust or FUD? on: March 08, 2023, 02:29:48 AM
@Darker45. I disagree that we should always be avoiding all centralized exchanges to trade, buy or sell our coins. What we clearly need is an honest and trustworthy exchange where everyone can feel safe. I reckon regulations might help with this but we do not want the type of regulations that the regulators want to impose on the cryptospace. This is a difficult situation.

In any case, if Binance does not bite the dust, I would not be shocked. They might be good in avoiding the law very much similar to Tether, Bitfinex, Ifinex hehehe.
1597  Economy / Gambling discussion / Re: Boxing Speculation, Odds and Predictions on: March 07, 2023, 04:38:29 AM
^ Yes, Eddie Hearn wanted a Bivol vs Beterbiev and so is Bob Arum, so let's see how they are going to work it out.

Its just for now it's complicated as Bivol is targeting Canelo as well, either 168 or 175 lbs. And then Callum Smith is also coming into the horizon and also looking for a big payday against Beterbiev. We wait how the Smith vs Stepien result will be though, if he wins maybe Bivol is willing to fight him instead of waiting for Bivol.
Time is running out on Beterbiev though, I mean he is not getting any younger, if in two years, he didn't get Bivol it might be too late when the are going to face in the future and it might not be the fight that we are expecting for.

And so we might not see the unification fight in my opinion.

And they will have to go on their separate fight, Bivol vs Buatsi, Beterbiev vs Smith.

True, Beterbiev should not waste any more time as his power may slowly decline once he turns 40. I would like to see him have one more fight before a unification bout with Bivol, and after that, he can think about retiring if he fails. Speaking of Bivol, when do you think Canelo will have his rematch with Bivol?

According to some news articles Bivol wants to unify the championships in his own division first before a rematch against Canelo. However, it appears Beterbiev does not want to fight Bivol. There are also other articles that Bivol vs. Beterbiev might occur on June.

My speculation is if Bivol cannot fight Beterbiev, he might be forced to accept a money deal for a rematch against Canelo on September.
1598  Economy / Gambling discussion / Re: [Boxing] Tank Davis vs. Ryan Garcia betting and discussion (May, 2023) on: March 07, 2023, 03:26:23 AM
Mike Tyson made his prediction for this fight hehe. He is on Tank Davis, however, he also told everyone that this will be a good fight. Does this imply that King Ry has a chance more than everyone's predictions? I quite certainly speculate that this fight might show that King Ry is better than what was expected from him.



While in Saudi Arabia for the Paul Vs. Fury fight, Tyson had a quick interview with Fight Hub TV, discussing upcoming bouts in the sport. Tyson discussed the lightweight bout and said, “It’s going to be a Good fight.” The ‘Baddest Man on the Planet’ expects a thrilling fight between these two lightweight boxers.

Tyson further went on to choose his side for the fight. When asked who he thinks will win the fight, Tyson responded, “I gotta say Tank, but it’s going to be a good fight“


Source https://www.essentiallysports.com/boxing-news-mike-tysons-brutal-prediction-for-ryan-garcia-vs-gervonta-davis/
1599  Economy / Gambling discussion / Re: [Boxing] Stephen Fulton vs. Naoya Inoue - WBC and WBO 122 lbs bout - May on: March 07, 2023, 02:30:39 AM
That's right, Inoue is not your ordinary boxer who's is easy to predict and evident to see his limits. Currently, there's no boxer that managed to unlock Inoue's weakness and Donaire was the only boxer who actually gave him a good toe-to-toe fight but even that fight wasn't enough to show his weakness and up until now, it's still a mystery and it will be an expensive move by any boxer just to know what is it.

For weakness of Inoue to unfold, he just needs to fight a better boxer than he is.  He may be dominated the bantamweight division, but I do not think that he will do the same in the super bantamweight.  Super Bantamweight is a different division and there are several known boxers that can possibly defeat Inoue in this division.  The boxer in this division have heavier punches and more resistance to blows or punches, and since Inoue is taking a shortcut, he probably doesn't know the extent of the punching power of this division.

I very much agree, however, this is what the sport of boxing is supposed to be. The best boxers should challenge the other best boxers in another weight division or in their present weight division. This will bring the sport forward again and not need to become a comedy show to get more attention similar to Jake Paul. Fulton vs. Inoue, Tank vs. King Ry and Haney vs. Lomanchenko are good fights for the fans and the sport.
1600  Economy / Gambling discussion / Re: 2023 Oscar Awards betting and discussions on: March 07, 2023, 01:57:47 AM
@Betwrong. The final voting for the Oscar awards this year are done on March 2 to March 7 and very much similar to the years before, there are some leaks in information that the oddmakers can collect and change the odds correspondingly.

In any case, the odds did not change. I am quite certain Everything Everywhere will win the Oscar for best picture. I speculate the Hollywood agenda this year is forget everything, enjoy your life heehehe.
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