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

To: TobagoJack who wrote (196879)	3/3/2023 4:26:29 AM
From: maceng2	1 Recommendation Recommended By Pogeu Mahone Read Replies (2) \| Respond to of 220165

Thanks, once again, for the timely warning to the thread. Fortunately what little cash I have exposed to crypto type banks and exchanges is at Coin List. The coins and notes there are under strict orders only to depart on the last helicopter out or not at all -g- My normal bank issued a recent update. Nationwide Building Society has imposed a daily limit of £5,000 on debit-card purchases of crypto assets. U.K’s largest bank HSBC has banned its customers from purchasing with credit cards. The banks have cited warnings issued by financial regulators as the reason for their decisions. Nationwide Building Society will not allow its customers to send funds to the crypto exchange Binance. Banks in the United Kingdom are ramping up the limits imposed on their retail customers when it comes to interacting with crypto assets. Nationwide Building Society has become the latest bank to enforce a limit on the amount of crypto that a customer can purchase using their debit cards. Nationwide Building Society will not allow payments to BinanceAccording to a recent update by the Nationwide Building Society, crypto purchases through debit cards will be limited to £5,000 per day. The banking giant will not allow its customers to buy crypto assets through credit cards. The world’s largest crypto exchange, Binance, was specifically named in the advisory, which stated that any payments to the exchange will be declined. The payments to Binance will remain restricted until further notice. Nationwide followed in the footsteps of U.K’s largest bank HSBC, which has imposed similar restrictions on its customers. A report from Bloomberg revealed that the bank has barred its customers from buying crypto through credit cards. These banks have joined the likes of Banco Santander and Lloyds Banking Group, both of which have placed crypto-specific restrictions on their customers. The banks have cited warnings issued by the U.K’s Financial Conduct Authority, as the reason for their decisions. There are certain risks with purchasing cryptocurrency, as highlighted by the Financial Conduct Authority (FCA). We’ve set up these restrictions to help protect you and to try and keep your money safe.” Nationwide Building SocietyThe development in the U.K.’s banking and regulation landscape for crypto is similar to what is being seen in their American counterparts. Earlier this year, the Board of Governors of the Federal Reserve System (Federal Reserve), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) issued a joint statement for banking organizations, warning them about the risks associated with crypto assets. U.K Banks Intensify Crypto Purchasing Limits For Customers - Ethereum World News Looks like the squeeze is on.

To: TobagoJack who wrote (196879)	3/5/2023 4:00:02 AM
From: sense	Read Replies (1) \| Respond to of 220165

An interesting parallel developing... as the numbers in "lost customer deposits" occurring at Silvergate are suspiciously similar in magnitude... and timing... to those in the events at FTX... Barron's says: Struggling Silvergate Bank Held Reserves for Major Stablecoins, Raising Investor Protection Questions Stablecoins are supposed to be the bedrock of the crypto market, faithfully staying pinned to the dollar, even as tokens like Bitcoin swing wildly in value. But until recently, some reserve assets backing stablecoins were held at Silvergate Capital (SI), a bank now struggling to stay afloat. That is raising concerns about whether some stablecoins could have been at risk of not being fully backed and what protections investors would have if a bank failed, experts say "Could have been at risk of not being fully backed" ? LOL!!! Seems to me we talked about that here... and how it was a widely known "dirty little secret" that none of the stable coins were even remotely close to actually being backed as they said they were... ? Coinbase: "Silvergate Bank lost more than $8 billion in deposits from its crypto customers in the final months of 2022 as its core block of business crumbled..." March 3: FTX has a massive $9.5 billion shortfall in top crypto and cash needed to repay customers, the bankrupt exchange's new bosses say FTX has a $9.5 billion shortfall in top crypto and cash to repay customers, bankruptcy lawyers say. Just $694 million in assets of $2.2 billion recovered are easy to cash in. The group said it also lent $9.3 billion to Sam Bankman-Fried's Alameda Research. So, basically, the $9.5 billion that's missing... is the $9.3 billion that Bankman-Fried stole from FTX... Where did it go ? FTX failed in November... and they're only now able to provide a "rough" outline of the situation, as they basically didn't keep records of their transactions..."It has taken a huge effort to get this far. The exchanges' assets were highly commingled, and their books and records are incomplete and, in many cases, totally absent," CEO John Ray wrote. In January they said they'd recaptured $5.5 billion in liquid assets... but, now... $9.5 billions gone "missing"... and we hear about it only months later... at the exact same time Silvergate is imploding ? That's one hell of an $9.3 Billion coincidence ? How many votes did that $9.3 billion buy ? And, the Biden team's sleuths are all over that, right... ??? Raises the obvious question... how much of the ~$8 billion in withdrawals of customer deposits at Silvergate Bank... is tied to the FTX issue... either to the regulators "recapturing" the $5.5 billion... or to FTX... or Alameda Research... shifting money out of Silvergate while trying to prevent the purloined assets taken by Bankman-Fried being attached by the regulators ? FTX may not have records of things... but what does Silvergate have for those same accounts ?