SBF takes the witness stand and does his Shultz of hogans heroes imitation. “I see nothing I know nothing.”
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BlockFi did come thru BK. Except I can’t cash but only transfer to another wallet/exchange. Does anyone have suggestions as to where?
FTX customers are still out $billions.
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Interesting story, probably not true about the lost BTC key tho or he’d take them up on their offer now that they cracked his hardware wallet.
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Or maybe owner is waiting for multiple sources to all confirm the same recovered password. But yes sound a bit fishy to hold yourself to handshake agreements when the contractors have not shown any results/progress. Depending on the terms of the informal contracts, one may think he could easily consider the contracts void due to non-performance.
But they won’t have long to wait for recompense. The multitude of Democrat politicians which accepted FTX donations will surely return them since they were fraudulently given. You can’t argue with science facts.
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Binance founder pleads guilty…
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Nice business you got there, shame if something were to happen to it. For a mere $4B we won’t throw you in jail if your successor agrees to track everyone we want tracked.
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Kiyosaki likes to brag a lot, but he’s been making a lot of money with his schtick. He says Fiat money is in big trouble, so he’s sticking to crypto and gold . I don’t know whether this is true, but he is getting headlines and that is good enough for him
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He doesn’t seem to realize that crypto is also fiat – not backed by commodities and made by a decree. The growth of an individual cryptocurrency may be limited by its algorithm, but there is no limit on the number of algorithms.
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I have to confess I don’t know much about crypto, but there seem to be variants that are government decrees, like the one in El Salvador. Some are not and therefore do not satisfy the other half of the definition of Fiat currency.
There’s a lot of talk about central bank digital currency, but strong pushback from conservatives against it.
That’s not what Kiyosaki is peddling – he’s all in on bitcoin, not CBDC.
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I don’t get the benefits for consumers of a potential CBDC issued by the Federal Reserve. What would that have over regular dollars? It’s certainly not the ability to perform cashless transactions. So it seems to me to be like replacing fiat currency by fiat currency.
Only benefits I could think of seem to be (for the government) in terms of traceability/fraud/crime prevention. But how would such a CBDC not also be a significant invasion of privacy is pretty hard to fathom. The fact that China is pushing its citizens hard to adopt one is certainly not very auspicious and reeks of a surveillance state tool.
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Looks like Bitcoin ETFs should get approved by the SEC, possibly as soon as later this week.
- GRAYSCALE INVESTMENTS FILES AMENDED S-3 FOR SPOT BITCOIN EXCHANGE TRADED FUND GRAYSCALE SETS FEE FOR PROPOSED SPOT BITCOIN ETF AT 1.5%
- GRAYSCALE NAMES JANE STREET, VIRTU, FLOW TRADERS, FLOWDESK AS LIQUIDITY PROVIDERS FOR ETF
- GRAYSCALE NAMES JANE STREET, VIRTU, MACQUARIE, ABN AMRO AS AUTHORIZED PARTICIPANTS FOR ETF
And here’s the thread on twitter from the head of the SEC warning about crypto investment risks, which he just started coincidentally today.
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Probably a sell the news event for BTC
On a + note BlockFi will convert my holding and send me USD soon
Once the Identity Verification Window has closed on January 12, 2024 at 11:59 PM UTC, all remaining wallet balances will be converted to cash and distributed to BlockFi clients as U.S. dollars. At this time, this action will not be capable of being reversed or canceled. More information can be found in our Wallet Withdrawal FAQs: Wallet Withdrawals FAQs – BlockFi
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SEC acct. hacked?? Bought a little BTC after that today.
They say the ETFs are all approved now. Not 100% sure I believe them, what a screw up. But yeah, this time i think they’re allowed and should trade tomorrow.
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The big guys like Blackrock, and Fidelity are coming out soon with ETFs.
Meanwhile, the Boglehead mods are afraid their sensitive users will get the vapors, and have continued to ban all discussions of cryptocurrencies.
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I say good for bogleheads. This is so stupid it’s beyond stupid, the SEC disclaimer basically acknowledges it. They’re being forced by the courts to approve this stupidity. The big guys are just cashing in on the little guys’ stupidity, because they are just going to skim off the top for their expense fees and commissions. They’ll make money on the way up and down.
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Cost of the new ETFs:
Grayscale $GBTC 1.5%
Hashdex $DEFI 0.9%
Valkyrie $BRRR 0.49%
Invesco $BTCO 0.39%
Wisdom Tree $BTCW 0.3%
Franklin $EZBC 0.29%
Blackrock $IBIT 0.25%
Fidelity $FBTC 0.25%
Vaneck $HODL 0.25%
Ark 21 $ARKB 0.21%
Bitwise $BITB 0.2%
GBTC uplisted, was otc, and will probably have the best liquidity of all of them, at least initially.
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