You should always include links to external information shared in this forum so that other members can verify your news since the entire cryptocurrency market in is shambles since the hack of big exchanges. But above all, only invest what you can afford to lose even if CZ already advised the same.
https://www.coindesk.com/business/2022/11/16/genesis-crypto-lending-unit-is-halting-customer-withdrawals-in-wake-of-ftx-collapse/"Genesis’ Crypto-Lending Unit Is Halting Customer Withdrawals in Wake of FTX Collapse The unit, known as Genesis Global Capital, serves an institutional client base and had $2.8 billion in total active loans as of the end of the third quarter of 2022." Centralized services are crap.
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SBF is a clown who got the right to hold big money. Read Edward Snowden's tweet. There is a link to an article where it says where the money was actually spent. https://twitter.com/Snowden/status/15918487182439546935 million people lost money, how many people lost money as a result of this scam on other exchanges?
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There will always be a space for freedom and privacy in Bitcoin, but the question is how big. Very negative regulations can stifle the space.....
From the way this has happened and from that there could be strict regulations no doubt on exchange. Freedom and privacy for bitcoin is only if you decide to hodl your coins and not when you send it to exchange. Of course the regulation on the exchange is applicable to every coin therein. The crash is definitely a big one for the industry not only Bahamas. I think more legal actions should be rolled out for CEOs who use customers money. Bitcoin has been under a lot of scrutiny by regulators for a long time, and tougher laws will be enacted after these events. The price of bitcoin has risen because institutional investors have entered this market. If the regulator forbids investing in crypto companies, then there will be a price drop in the crypto market.
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Это еще не конец, хомяков вытрясли, фонды и крупных инвесторов подстригли. Должно быть еще что нибудь на рынке, чтобы люди массово разочаровались?
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Apytioh, а чиа добыча сейчас выгодна или у тебя расходы больше чем прибыль в чиа и форках? Бизнес по русски, ничего нового ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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I was active on LBRY ~2 years ago and thought they had a really bright future. This answer is bad news, but at least they are no longer stuck waiting.
"....and other projects will be forced to close forever."
Many projects will simply avoid the USA.
See how projects are attracting investments lately. Projects do not sell tokens, but attract investments to their fund. It does not violate US laws. There is a lot of crap and politics in the crypto industry. Sam Bankman-Freed wasn't punished for fraud. I heard serious people discussing this situation, and the reason for these events was that Sem was allowed to hold several billion, and he began to say the wrong words and get into politics. But maybe it's a rumor. Maybe you can find out the possible real reason for the SEC's aggression against the LBRY. Many projects that sold their tokens no longer exist, but there are still a lot of similar projects that can be closed or fined.
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You call it rumors, but I think you are wrong, these are facts.
Then you're certainly not reading and not understanding the links you're posting yourself: The Commission is aware of public statements suggesting that clients’ assets were mishandled, mismanaged and/or transferred to Alameda Research. Based on the Commission’s information, any such actions would have been contrary to normal governance, without client consent and potentially unlawful.
Is aware of public statements - means it's aware of rumors Based on the information, any of these actions "would" , would here means possibility. Since the unfolding of events involving FDM, the Commission has proactively dealt with the situation and continues to do so. The Commission determined that the prudent course of action was to put FDM into provisional liquidation to preserve assets and stabilize the company Do you see them pointing fingers? Saying anything? No, freezing the accounts so nobody blames them for more money going out and more clients losing, that's all. There are 2 dozen special services in the USA, isn't anyone interested in this?
There were 4 dozen special services in Russia too, too bad they are wild dogs' food in Herson's fields. Funny how every time someone is in trouble you need US help. If US messes with Salvador or Bahamas, then it's dirty colonialism. It is very difficult to communicate with you, because you find fault with every word. FTX has filed for bankruptcy https://twitter.com/FTX_Official/status/1591071832823959552Nov 11, 2022 FTX Has Been Hacked https://www.coindesk.com/business/2022/11/12/ftx-crypto-wallets-see-mysterious-late-night-outflows-totalling-more-than-380m/Nov 12, 2022 FTX was valued at $32 billion at the start of the year and now the company is going bankrupt. https://www.cnbc.com/2022/01/31/crypto-exchange-ftx-valued-at-32-billion-amid-bitcoin-price-plunge.htmlI understood you. If a Bahamian company has caused losses to investors, then this is the problems of the Bahamas ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) __ If we talk about Russia, then thanks to the sanctions, many crypto users were unable to use the FTX exchange and buy its tokens. https://en.wikipedia.org/wiki/Intelligence_agencies_of_RussiaIf there were 40 special services in Russia, it would be possible to live better. But in practice, in the Russian Federation there is one main special service at number 1 on the list. Other intelligence services work abroad or protect important persons of the state, or their activities are related to the army.
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https://www.coingecko.com/en/coins/cronosMy friend bought Cronos for the purpose of speculation a month ago. He recently decided to get rid of the asset and buy other cheap coins. He thinks that prices in the crypto market will fall, and I agree with him. Speculating on similar tokens and football team tokens is even more dangerous than buying NFT.
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Why hasn't Bankman-Fried been arrested by law enforcement yet?
By what law enforcement and on what base? What you have there are rumors that there is no actual police investigation if any company goes bankrupt and there are rumors that clients' funds might have been used do you think everyone will get arrested before an investigation, just because someone is pointing fingers? https://www.ft.com/content/c6658ce8-26a3-4580-9e64-6083a7d35eca"“The commission is aware of public statements suggesting that clients’ assets were mishandled, mismanaged and/or transferred to Alameda Research,” the announcement said. Alameda is Bankman-Fried’s crypto trading business. The Bahamas securities regulator has frozen the assets of part of Sam Bankman-Fried’s crypto empire" https://www.scb.gov.bs/wp-content/uploads/2022/11/Securities-Commission-Statement-on-FTX-101122-Final.pdfThere are 2 dozen special services in the USA, isn't anyone interested in this? Or should we wait until all the money is stolen and then investigate? You call it rumors, but I think you are wrong, these are facts.
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Under this standard, almost every cryptocurrency, including Ethereum and Doge, are securities.
I can see putting Ethereum in there, pre-sale, promises, and a ton of other things. Doge was started as a joke and never made any promises other then 'much coin' Ethereum has a good lobby. There is no point in continuing to discuss Ethereum. They'll have the best lawyers if there's ever a trial. Larger ecosystems will probably pay a heavy fine, and other projects will be forced to close forever.
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Now the main thing is not to buy those assets where Alameda has invested, because they will sell. The market may still fall, I do not believe in such a quick recovery. Do not keep money on exchanges, or send money there only to buy assets, with a subsequent withdrawal.
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https://tether.to/en/tether-proves-resilience-of-reserves-in-latest-attestation/Tether Proves Resilience of Reserves in Latest Attestation "You can read the latest assurance opinion and the Consolidated Reserves Report: https://assets.ctfassets.net/vyse88cgwfbl/1Xfu4398CIoMiuKjPhvnHM/6d1608c90bb775d2d432b7b24264da28/ESO.02_Std_ISAE_3000R_Opinion_30-9-2022_RC134792022BD0548.pdfThe Management of the Company asserts the following as of 30 September 2022: The Group’s consolidated total assets amount to at least US$ 68,061,618,458. The Group’s consolidated total liabilities amount to US$ 67,811,510,720, of which US$67,805,112,981 relates to digital tokens issued. The Group’s consolidated assets exceed its consolidated liabilities."
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"Many bitcoin miners are now turning off their rigs.
The cost of electricity in Bitcoin has just been exceeded for the second time in 5 years. The electricity bill for the average miner is now more than the income earned."
The first link on the Internet with information about the bitcoin hashrate gives information that this is not true https://bitinfocharts.com/comparison/bitcoin-hashrate.htmlOr if some miners turn off their equipment, then more new miners come in instead. And the price of Bitcoin at $17,000 does not scare the miners.
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