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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (194684)	12/13/2022 9:51:39 PM
From: Pogeu Mahone	Read Replies (1) \| Respond to of 219831

If this isn't Enron ,what is it? On Dec 11, Cointelegraph reported that Binance’s proof of reserves raised red flags for accounting and financial specialists and were been labeled “pointless” by rivals, as it failed to include liabilities. Crypto community members discuss bank run on Binance According to CEO Changpeng Zhao, Binance has seen outflows of an estimated $1.14 billion from the exchange. 9278Total views 30Total shares Listen to article 4:07 NEWS Own this piece of crypto history Collect this article as NFT Within the past 24 hours, cryptocurrency exchange Binance has seen outflows of over $1.14 billion due to rising FUD — or fear, uncertainty and doubt — within the crypto ecosystem. According to Binance CEO Changpeng “CZ” Zhao, the exchange has seen this before, and he believes “it is a good idea to ‘stress test withdrawals’ on each CEX [centralized exchange] on a rotating basis”. The bank run on Binance comes a month after CZ triggered a bank run on FTX, which led to liquidity issues and its eventual collapse. Despite the FUD rampant within the crypto community, many members remain optimistic that Binance will weather the storm and not share the same fate as FTX. Others are speculating that if Binance goes down, the entire crypto industry might be brought to its knees. Bitcoin BTC $17,761 millionaire Carl Runefelt opined on Twitter that “If Binance collapses we’re all fucked.” Author and Bitcoin enthusiast Layah Heilpern shared: “You realise if Binance goes down everything else will crumble? Yes #bitcoin will survive but the entire crypto ecosystem including stablecoins will die." Twitter user Crypto Cognac shared that Binance going down wouldn’t do the space any good, as it would send the space “back to the stone age.” Timverse said they believe that if Binance became insolvent, it would “set the industry back” by years — though crypto would survive because it “has been here way before binance came to existence & it will be here thereafter.” Crypto analyst and government adviser Del Crxpto accused crypto media outlets of promoting the FUD around Binance, sharing, “The media are trying to cause a bank run on binance. In the last several weeks they have attempted to push several narratives to this regards, with the latest being that binance did not pass an audit. The fact is, time is the #1 audit and binance has proven the test of time.” *Related:* *Abnormal token price movements on Binance not hack-related, confirms CZ* On Dec 11, Cointelegraph reported that Binance’s proof of reserves raised red flags for accounting and financial specialists and were been labeled “pointless” by rivals, as it failed to include liabilities. #Blockchain #Cryptocurrencies #Technology #Transactions #Investments #Adoption #Cryptocurrency Exchange

To: TobagoJack who wrote (194684)	12/14/2022 5:01:09 AM
From: maceng2	Read Replies (1) \| Respond to of 219831

<<... from Goldman Sachs,>> A clear and crisp set of statements. Thanks. The case for BTC, as that is what is under review here, has bifurcated outcomes in that real value (and therefore price over time) is dependent on many things, but centred on real use cases. If liquidity continues to tighten, it is not the strongest aspect of an asset that will determine value and therefore price, but the weakest aspect. The BTC maximalists have good arguments, I agree on that. However corporate power is significant and they will continue to seek presence in the crypto space and thus continue to challenge BTC. iow it is more than a one horse race in finding real use cases. This is excluding government involvement, and at least in the West, corporate power can influence government thinking too. Binance concerns, and the overall withdrawal of crypto, including BTC, from exchanges because of potential governance issues, should bring even more volatility to the crypto market. MoWS did a good one this morning. The synopsis is:- the Fed wants to see DOWN in markets to control inflation, and that would include crypto too. Are crypto nerds in a mood to "Fight the Fed" while Sam Bankrupt Fraud issue is ongoing? i.e. no change in outlook. already sounding like a broken record, but being right is more important than sounding boring :-)