Bitcoins/Litecoins/Virtual Currencies
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Sanrith Descartes
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Ranak
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ToeMissile
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He's supposed to testify remotely from The Bahamas I believe.
I'm listening to the John Ray hearing w/ the Finance commitee. There's a lot of the standard "need to make sure I create my soundbite!" but some intersting bits as well. My main take away is that John Ray comes across as a gives-no-fucks I'm-here-to-straighten-this-shit-out type.
Asshat wormie
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I thought that nogress on the financial service commitee said she wont be calling him to testify?
ToeMissile
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Maybe, his testimony might be for some other committee/whatever? I also haven't finished the broadcast or listened super closely the whole time.... gotta pretend to work sometime
Sanrith Descartes
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Borzak
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Binance Customer Withdrawals Exceed $3 Billion in 24 Hours
The exchange saw a total net outflow of over $3.6 billion in the past week as crypto firms and users pulled out funds.
93
Kate Irwin
Tue, December 13, 2022 at 2:06 PM·2 min read
Behemoth crypto exchange Binance has seen massive withdrawals in the past week and—on Tuesday—the highest amount of one-day withdrawals since June, Nansen data has revealed.
Binance’s international arm saw over $8.78 billion leave its exchange and $5.1 billion in incoming funds, meaning the exchange faced a net outflow of roughly $3.66 billion. While such data only refers to Binance’s Ethereum and ERC-20 token movements, approximately 63% of Binance’s portfolio is on Ethereum and the outflows are much larger compared to other crypto exchanges over the same period.
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That should be a Captain planet meme, by your powers combined.
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Arden
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reavor
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Anyone think the regulators would do any better other than making easier for them to line their pockets?
news.sky.com
FTX collapse shows crypto is 'too dangerous' not to regulate, Bank of England deputy governor says
In an exclusive interview with Sky News, Sir Jon Cunliffe says investors and the financial system need protection from the "casino" of crypto trading.
news.sky.com
Tmac
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Anyone think the regulators would do any better other than making easier for them to line their pockets?
FTX collapse shows crypto is 'too dangerous' not to regulate, Bank of England deputy governor says
In an exclusive interview with Sky News, Sir Jon Cunliffe says investors and the financial system need protection from the "casino" of crypto trading.
A lot of crypto bois want it regulated, bc it removes the risk for traditional investors to enter the space.
Yes regulators would do way better. Massive bank fraud in normal banking sectors is actually pretty fucking rare in the scheme of things. As opposed to crypto where we have what? One exchange left that isn’t a huge fraud, maybe.Anyone think the regulators would do any better other than making easier for them to line their pockets?
FTX collapse shows crypto is 'too dangerous' not to regulate, Bank of England deputy governor says
In an exclusive interview with Sky News, Sir Jon Cunliffe says investors and the financial system need protection from the "casino" of crypto trading.