In my opinion, the factor that caused Binance to experience a crisis was because it was too ambitious and expanded in many countries. In my country, the Binance group also opened exchanges but it seems that there are not many users. They advertise in many media such as television, newspapers, online media and many more. Of course this costs money. marketing increases.
On the other hand, aggressive marketing is a normal business practice, which any self-respecting company should use. The global battle was bound to happen sooner or later - and it is good that there is such a strong exchange as Binance. in my opinion, the SEC made a mistake in choosing a competitor. |
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В данный момент проходят выборы модераторов DAO Ferrum, которые будут рассматривать предложения и переводить их на эта голосования или исполнения В то же время они будут иметь возможность отклонять предложения, которые не соответствуют определенным критериям и/или не получили достаточной поддержки со стороны членов DAO. 13 июня начнется голосование за кандидатов https://twitter.com/FerrumNetwork/status/1666835586114519040 - более подробно |
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Do you even think that people have that time to waste on going through their whole process in survey, the only captivation that may draw the interest of gamblers to enroll on this is if there's a attached bonus given on every completed stage of surveys made, bit if nothing aside giving them reward they may not give it a positive take in going through the whole process and the funny part of it all is that it will now be a continuous one from time to time.
A bonus for taking surveys is a good thing, but you still need to understand how honest the answers will be, otherwise the information obtained in the survey will have no value. The surveys themselves, of course, are necessary to build an optimal casino development model. |
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When the market is red like it is now then the best thing is to hold, if we have a long term profit vision then when a dip is an opportunity to buy more, an increase in bitcoin will definitely occur in the near future, so don't ever regret not being able to take advantage of the right moment to buy.
In fact, there's not much time left before bitcoin is halved, so the long-awaited rise of bitcoin and the alt-season is about to begin. Yes, some price decline is still possible in the near future, but I don't think it will be significant. So right now the most optimal strategy is HODL |
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If you read the news, it's not about the exchange being exchange and doing anything exchange related, that was always the case and they let it be and it even went public that way, there is nothing wrong with that. They are trying to see what they list and why they list what they list, that's the point.
However, I do believe that we are talking about something that was a bigger deal when we are talking about a financial situation that worked better, and that is listing new tokens and such. These tokens have "owners", bitcoin doesn't have any, we are all owners of bitcoin, but some that these exchange list have owners and that makes it a security so listing a security is a trouble. That's what SEC is looking into, worst case worst, these exchanges won't list anything without getting greenlight from SEC after this.
The SEC is assuming the role of the world gendarme. But will the world community accept it? If we concede on one thing, we will have to keep conceding. And if we talk about cryptocurrency, first of all we are talking about freedom, otherwise cryptocurrency is just an alternative means of payment and nothing more. |
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If the SEC wins, it will be pretty bad for the cryptocurrency world, regardless of how fair their charges are. The SEC can also show that they can destroy any altcoin they don't like. That's why I support SZ. I hope he manages to find a decent argument in this uphill battle
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I don't really like lending whether it's fiat or bitcoin so hodl and self-custody of your assets all the way. Surrendering control of your BTC or other crypto to these lending platforms in exchange of interest always comes with risks and it doesn't matter if they seem reputable to handle your funds. We should learn lessons from big crypto companies that were "exploited" or filed for bankruptcy.
Always remember that lending platforms can disappear or go bankrupt. There can also be problems due to regulation or changes in the law. And there is always the risk of defaulting on a loan - life these days is very complicated and full of force majeure. |
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That's right, the tax authorities can easily track any movement of funds on any person's card. But since it is difficult to replenish the deposit of crypto gambling services by fiat, you can always resort to replenishment with anonymous cryptocurrencies, or just bitcoin. The tax service will not track this action in any way, and this is one of the greatest advantages of crypto gambling platforms, as well as, for example, open source code, which gives full confidence in the honesty of the casino platform.
The most problematic place is the withdrawal of funds. Many people withdraw their money to a bank card, but this is big mistake. Now both expenses and income are tracked. And if you can't explain the origin of the funds, it can cause big problems. |
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Although there are many reports that banks are manipulating, but this is of course difficult to prove, the banks must have obtained permission and followed government regulations so that if someone is involved in manipulation and it is proven, the bank will be frozen, and in my country many banks have been frozen for many reasons.
Any bank can be accused of manipulation if the central bank wants it. Of course, now banking rules have become stricter, unified information centers have been created, but also attempts to manipulate have become more sophisticated (the small print in the contract is no longer very popular as an object of manipulation) |
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Actually it's just an exchange, nothing else. If the bad news in Binance can affect the crypto market, it just show how many people are leaving their funds in Binance, they're either sold of their coins or move to other popular exchange. There are a lot centralized exchanges out there, even few of them collapse, people can still use other exchanges and don't need to panic. We need to panic if there's a technology can hack Bitcoin, but we all know it's currently impossible to happen.
Personally, I see the situation with Binance as a manipulation to bring bitcoin and cryptocurrencies down to the necessary values. That is, this situation, in my opinion, is just a pretext for taking necessary measures and creating panic. It is unlikely that Binance will be so easily destroyed - especially by the SEC |
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Thank you AHOYBRAUSE! good job! And congratulations to the AOBTers mindrust, ale88, gagux123 and special guests AHOYBRAUSE (again), Becassine and Unbunplease for successfully finishing our first paid translation as an Alliance for Just.bet. I hope we get new projects very soon. Stay tuned! Thank you for the opportunity to participate in the translation campaign. I have enough time to do translations of any complexity, and I can also create and moderate threads in the Russian section. |
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It is likely that China launched this fake cryptocurrency ban to create a situation for panic sales of cryptocurrencies. Over the past two years, they have successfully bought up everything they could at very low prices. The East is a delicate business. Now it's time to start reversing the process.
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In my opinion, there is a certain amount of Musk's own guilt here. He rushes from one extreme to another without a clear business strategy. One day he wants to be CEO, the next day he doesn't. Perhaps that is his plan: to destroy Twitter. Doesn't Musk have the money to hire proper advisors?
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The collapse of Silicon Valley Bank is pretty worrisome, but it doesn't mean the entire banking industry is doomed. Yeah, economists are sounding the alarm about possible ripple effects, but we need to separate the issues faced by traditional banks from those in the cryptocurrency world. Sure, the government and banks have their flaws, but they play a crucial role in keeping things stable. Fixing financial problems requires a multi-faceted approach, including responsible practices and embracing innovation. So, let's not jump to conclusions and work together to ensure a solid and resilient financial system, alright?
I think they are just using the momentum to reduce the number of banks. There is no need for as many banks as there are now. Central banks want to increase their role and influence and are trying to capture the initiative that they lost earlier. That may be one of the goals of the crisis situation in the world. |
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Suicide does not solve the problem, because the debt is usually passed on to relatives. So you need to weigh everything well before you decide to take this extreme step. And you can always find a way out if you control your emotions. Yes, it can be very difficult - but you have to overcome yourself and make conclusions for the future.
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Whether you like it or not, debts sometimes arise. Of course, most people have no desire to get into debt, but unforeseen circumstances can always arise. Before you take on debt, you need to assess how necessary it is. In order to pay off debt effectively, you need to restructure it properly. You can always find a bank with lower interest rates and better terms.
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The United States is quite wise to print extra cash so that it has little effect on increasing the rate of inflation in their country. They exchange the printed money supply for necessary goods in other countries and make sure that in the future large consignments of cash do not return back to their country. As long as the dollar is the universally recognized reserve currency of the world, it will not be afraid of default.
I think it is very difficult to keep track of the excess money supply so that it does not flow back into the country. In order to do that, everyone has to become pathologically honest, which in the current reality is almost impossible. And for cryptocurrency, printing more money is a good thing. For where else to invest the excess money supply? |
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Reading this post has cracked me this evening and I can not stop laughing, no matter how much you get is still not enough, that feeling is always natural when you have money and you start having thoughts of buying things you don't need and Another issue is that you see corrupt politicians everywhere. They spend a lot of money on campaigns, even if they don't win, and when they finally get elected, they usually expect a return of the money they spent plus more to maintain their lifestyle, which is very typical of the politicians in my region. As a result, it is hard to find honest politicians these days, and I don't think that will change because politicians are already accustomed to leading lavish lives.
As I see it, quite a few election campaigns are a sham, it's just a great way to "launder" money. If the budget is formed correctly, no election commission will find violations. I agree with the statement that the more money, the more unnecessary spending. Real estate, cars, apartments, antiques are bought... Just for the sake of having. But what for? Is anyone going to use it? It's all for the sake of saying, "I have 10 cars, and you have 9. Haha, you're a pauper"? |
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The problem I see is that USDT is tied to the dollar. So how can what you store USDT give you 500%? Also, Tether both conducts additional issuance and burns off the surplus.
And about the blockchain... All of your transactions will be visible like the palm of your hand to anyone interested. In other words, you will be in control at all times. And blending won't help - because you'll always be able to trace the end point.
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