News update. It appears Goldman Sachs might bail out Celsius. This comes after some news that Blockfi will be bailed out by FTX. I predict those other big cryptolenders like Genesis and Voyager will also have their own bail outs from other cryptowhales and bankers. Changpeng Zhao, Justin Sun, Arthur Hayes and JPMorgan will be in the news hehehe. Goldman Sachs is looking to raise $2 billion from investors to buy up distressed assets from troubled crypto lender Celsius, according to two people familiar with the matter.
The proposed deal would allow investors to buy up Celsius’ assets at potentially big discounts in the event of a bankruptcy filing, the people said.Source https://www.coindesk.com/business/2022/06/24/goldman-sachs-raising-funds-to-buy-celsius-assets-sources/Also, if everyone pays attention to the news, you would know who might have been talking to Goldman Sachs to bail out Celsius. The information exchange might be going back and forth between Goldman Sachs and FTX. This article is from April. Goldman CEO David Solomon met with Sam Bankman-Fried in the Caribbean last month to discuss advisory services for FTX, new report saysSource https://markets.businessinsider.com/news/currencies/sam-bankman-fried-goldman-sachs-ceo-ftx-ipo-fund-raising-2022-4 |
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@ETFbitcoin. It is very different hehe. A loan to pay for costs of operation for bitcoin mining, where there's an assurance of monthly mining revenue is different from taking a loan only to speculate on bitcoin's price and hope it will pump. The miner has a real business, the speculator has nothing but expectations.
I still find it's not that different. After all, the mining revenue heavily depends on Bitcoin price. I fail to see there's assurance mining always profitable. I understand your argument. A falling price and a high hashrate would certainly make it cheaper to buy bitcoin than start mining them if you are not a miner. However, my argument is for those miners that already have their farms and their problem on their monthly cashflow to maintain the business operation. It would be head shaking if mining farm owners get a loan to buy bitcoin then leave the business. |
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I have not read much of the discussions of this thread and this is my first reply. Forgive me if this question has been asked before, however, does anyone speculate that Canelo might be accepting this fight very early after his loss vs. Bivol? GGG should not be very underestimated for this because it also appears that Bivol gave him the tactic to defeat Canelo. GGG also does not look like an old man in the ring with the wins after the loss to Canelo hehe.
Even prior to the Bivol fight, Canelo has already agreed to fight GGG anyway. And it just so happen that he lost to Bivol. But as I have said, this is already made so Canelo can't back up. I don't think it's early though. I mean this fight should have been made years go after the second fight. But Canelo didn't want to and he was like waiting for GGG to reach 40. Although GGG looks sharp against Murata. The blue print is already there, it's that Canelo's opponent seems to be mystified when they face him. Bivol didn't and uses all his physical advantages to beat Canelo. I don't think that GGG has any advantage though. However, they were planning the trilogy vs. GGG having the assumption that Canelo would win against Bivol. Also having the assumption that Canelo will be having full of confidence. I am not very sure how Canelo feels today but there were pictures of him in a casino gambling and drunk after the loss. I speculate his mind might not be there 100% for this trilogy. Canelo will win, however, it might not be very easy as everyone expects. |
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I shake my head when some people say that NFTs are just scams. So it is, NFT in its current form is speculation, wash trading, fraud and money laundering. Those NFTs that are now actively sold on the market, for the most part, they are not worth their money, well, they are not worth the hundreds and thousands of ETH that they ask for. In general, the price of many NFTs is based on the so-called concept of rarity and popularity, but these are such subjective concepts that people speculate on them. I will not even give a bunch of reports on how NFT schemes were organized on opensea and what these tokens were used for. In its current form, people see in the NFT only a speculative component, they don’t care about the technology itself and the possibilities, that’s why the application of the NFTs themselves is such. It appears that you do not differentiate the NFT market from the concept of a new medium of expression and art appreciation. It is very much similar to those mainstream people who do not differentiate the cryptocoin market from concept of cryptocoins. The market is full of manipulation, wash trading, moneylaundering, however, is a cryptocoin like bitcoin a scam? No it is not but it can be used for moneylaudering, fraud and other crimes. The artists and the collectors will come to the cryptospace even if we do not like this. Similar to many people who discovered a new type of medium of exchange, there will also be many people who will discover this new type of medium of expression. We have not yet witnessed how big the concept of NFT will be. I reckon this is only beginning and this is getting ready for the next bull market. If you are a speculator, start doing your research. The next millionaires from nothing will be the investors of NFT and the the Defi protocols that support them. You also say they are only holding NFTs for speculation? I am quite certain many people who are holders of NFTs will disagree with you. They are creating they're own subculture and this will never go away. http://www.nft.nyc/ |
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@ETFbitcoin. It is very different hehe. A loan to pay for costs of operation for bitcoin mining, where there's an assurance of monthly mining revenue is different from taking a loan only to speculate on bitcoin's price and hope it will pump. The miner has a real business, the speculator has nothing but expectations.
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Is there a difference between playing 10 teams and 12 teams?
I think 12 teams would make things easier since we could have the regular season be 11 weeks long, then still have up to 5 weeks for playoffs without having to play week 17. Another option for 12 players is to have 4 divisions, and play each of your division rivals twice. That would make the regular season 13 weeks long, and we'd still have 3 weeks for playoffs without week 17. I would like to keep the playoffs to 3 weeks, that would make for Quarter Finals (8 teams,) Semi Finals (4,) and Finals for the championship. We could still do the same thing without divisions, we'll just have two random teams that we each play twice, then select the top 8 teams for the playoffs. In any case, I might regret this suggestion later. I suggest for everyone's continued motivation until the end of the season, bottom 2 teams pay between $20 and $25 each.
Even though I won the league last year, this scares me.  Hehehe it also scares me. What about if we make it optional and we only have a buy yourself out agreement if someone wants to stop playing and leave the game? This will not force anyone to pay, however, it will force everyone to play despite if someone is winning or losing hehehe. |
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@Ratimov. Binance will also compete in NFT creation and distribution. If FTX partnered with NFL goat Tom Brady, Binance partnered with another sports goat Cristiano Ronaldo. I am quite certain the marketing for this will bring more people in the cryptospace through NFT. I shake my head when some people say that NFTs are just scams. It will be an introduction to all of crypto. There will be a community of users who will care for pictures much more than coins. Proud to be partnering with @binance
Together we’ll give you the opportunity to own an iconic piece of sports history.
I’m excited to take this journey with all of you. Let’s change the NFT game with #Binance.Source https://mobile.twitter.com/cristiano/status/1539972040291061765 |
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@stompix. Also, if mining is really unprofitable for the biggest miners, they can get a loan in fiat against their bitcoins, mining hardware and other assets to use for their cashflow and business expenses while waiting for the market to improve again.This bear market might be overestimated and in reality it might end sooner than speculated.
As I said above, from banks they will get the same answer as shale oil a few years ago, no cash for you! For the bear market thing, well, bitcoin going back to 30k and even 40k won't be that much of a relief for miners, a lot of hashrate is already ordered so if the price goes up it will get plugged in rising difficulty diminishing revenue, for let's say good times, not extraordinary good like back last year in April, we would need around 60k at same difficulty. 24 cents instead of 8 per TH/s, an s19 making 24$ a day, burning 8$ at 10cents/kwh, ROI in a year and something, all numbers rounded up to make it easier. I reckon that miners should find a new type of lender. Tether, iFinex, Tether should be very perfect for this kind of situation hehe. I am not sure what would be the business arrangement, however, everyone knows Tether accepts commercial papers for short term loans. This would be very useful for miners if their problem is monthly cashflow. They can leverage 1 month of expenses and repay this then reborrow repeatedly until the market and difficulty are stable. @ETFbitcoin. It would kill their business. How will the miners repay the loan? |
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It appears that bitcoin news media is trying very hard to create a storyline that there is a miner capitulation presently happening in the cryptospace. This is very similar to 2018 and 2019 when clickbait titles with articles of poor research were published.
There is no miner capitulation. This is fud. If miners sell more coins, this should certainly be most welcome for the community because more coins in the community's hands are more chances for those coins to be in circulation. This is important for bitcoin's growth as a currency.
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Is there a difference between playing 10 teams and 12 teams? In any case, I might regret this suggestion later. I suggest for everyone's continued motivation until the end of the season, bottom 2 teams pay between $20 and $25 each.
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I am not certain how the boxing experts like in the forum assess Beterbiev, however, considering only the skills, should he be included in the top 10 pound for pound best boxers? He should be included, I reckon. What is your assessment, @Boafeng?
For sure, he should at least crack the top 10 by now, but let's see how those boxing analyst will put Arthur on their next listing. And speaking of Beterviev, his fight with Smith is not PPV, but interesting numbers: The June 18 edition of Top Rank Boxing on ESPN fired on all cylinders, including a main event where an average of 912,000 viewers tuned in for Beterbiev’s second-round, technical knockout of Joe Smith Jr. Beterbiev defended his unified lineal/WBC/IBF light heavyweight championship while violently snatching Smith’s WBO title in Saturday’s headliner at Madison Square Garden’s Hulu Theater in New York City. https://www.boxingscene.com/beterbiev-smith-main-event-drew-average-audience-912000-viewers-on-espn--167128So I guess that's a good numbers for that fight. Maybe Beterviev's next will surely headline a PPV event. Maybe Arum is just testing the waters for this one. ESPN and Top Rank should consider him as a good PPV fighters now. Who will be next for Beterbiev? If I was the promoter it should be against Dmitry Bivol for the undisputed light heavyweight championship. All fans of all types of sport will watch it, it will create millions in profit for the fighters, the sponsors and the promoters. However, I am quite certain this will not happen hehe. I am not certain why boxing promoters are like this. It might only be organized when they are old, very much similar to Amir Khan vs. Kell Brook or Mayweather vs. Pacman. |
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This should bring attention to the importance of Defi protocols like Uniswap, onchain mixing similar to Tornado Cash, usage of anonymous coins and the development ZK rollups similar to ZKsync. Everything the community needs has been developed and will continue to be developed. If a scammer like Sifu can interact directly to a smart contract for onchain mixing and mock everyone about it on Twitter, it is very clear that it cannot get more unstoppable than this hehehehe. |
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FTX's Sam Bankman Fried became a hero when he saved Sushiswap and became the villain when everyone began to speculate that it was him through Alameda Research who was liquidating everyone. He is presently helping some of the largest cryptolending companies with their cashflow through providing USDC and Bitcoin revolvers hehehe. Will he become the hero again? The cryptospace has a memory of a goldfish. NEW YORK, June 22, 2022 /PRNewswire/ - Voyager Digital Ltd. ("Voyager" or the "Company") (TSX: VOYG) (OTCQX: VYGVF) (FRA: UCD2) today announced its subsidiary, Voyager Digital Holdings, Inc. ("VDH"), has entered into a definitive agreement with Alameda Ventures Ltd. ("Alameda") related to the previously disclosed credit facility, which is intended to help Voyager meet customer liquidity needs during this dynamic period.
VDH entered into a definitive agreement with Alameda for a US$200 million cash and USDC revolver and a 15,000 BTC revolver (the "Loan"). As previously disclosed, the proceeds of the credit facility are intended to be used to safeguard customer assets in light of current market volatility and only if such use is needed. In addition to this facility, as of June 20, 2022, Voyager has approximately US$152 million cash and owned crypto assets on hand, as well as approximately US$20 million of cash that is restricted for the purchase of USDC.Source https://www.prnewswire.com/news-releases/voyager-digital-provides-market-update-301572971.html |
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I am not certain how the boxing experts like in the forum assess Beterbiev, however, considering only the skills, should he be included in the top 10 pound for pound best boxers? He should be included, I reckon. What is your assessment, @Boafeng? In any case, Joshua vs. Usyk 2 has officially been announced. The fight will be on August 20 in Jeddah, Saudi Arabia. I think Anthony Joshua might win this, very much similar to his upset loss then rematch win vs. Andy Ruiz. The new match will take place on the 20th August 2022, with the destination for the fight also having been announced – which is Jeddah, Saudi Arabia.Source https://www.givemesport.com/88024275-anthony-joshua-vs-oleksandr-usyk-2-press-conference-time-how-to-watch |
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Gamrot vs Holtzman. The game of the two talented and willing fighters was great. I can say that Gamrot has shown his best performance so far. I'm starting to think he might be a superstar. Gamrot still undefeated. His only lost was by idiotic split decision by judges. Even his enemy Kutaladze was admitted he lose that fight againist Gamrot.
Agreed! It appears there is another very underestimated fighter for another main event. Has everyone forgotten Emmett vs. Kattar already? I am not predicting the victory for Mateusz Gamrot as a certainty, however, the odds for him is very high and very much similar to where Emmett's odds was placed by the sportsbooks hehehe. Do not underestimate the man from Poland! |
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@Daltonik. What is also head shaking is Su Zhu and 3 Arrows. They have already made their profit from the bull market, however, they took loans and traded on leverage. If they only waited for the bubble pop and if they have bought bitcoin, ethereum, also bluechip coins and tokens they would be richer than Bill Gates in 8 years hehehee.
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@stompix. Also, if mining is really unprofitable for the biggest miners, they can get a loan in fiat against their bitcoins, mining hardware and other assets to use for their cashflow and business expenses while waiting for the market to improve again. This bear market might be overestimated and in reality it might end sooner than speculated.
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Maybe it's because the Macau government thinks that casinos can make a big contribution in taxes compared to other businesses that still allow casinos to operate.
Or maybe the Macau government has other considerations in allowing casinos to operate that they haven't made known to the public.
It is up to the Macau government's policy to shut down which business they want as they, as regulators, will have their say.
It is not only about losing tax payments. Gambling in Macau includes more than 50% of their GDP. Closing this revenue inflow would kill their economy and take it into a recession. Also, through the Macau casinos are where large money laundering rings for mainland Chinese millionares are located. It might be something similar to a highly industrial country if they closed their factories. |
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@Daltonik. He should be very responsible and it will not be very shocking if he will go to prison for this. However, these onchain analyst and security organization should rescan and confirm everything before publishing their findings. This is their responsibility.
In any case, what appears to be the bigger problem is Celsius and 3 Arrows Capital's collapse. It is speculated that Celsius holds billions in institutional investors' money which is also speculated that it has deployed and worth half of the whole TVL of defispace. The other problem is 3 Arrows Capital. They have billions of undercollaterized loans from the biggest cryptolenders, Nexo, Blockfi, Celsius, Genesis.
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