"You see, it's only a matter of time before Gemini, the darling of many in the crypto world, files for bankruptcy. And when that happens, the entire crypto market will feel the consequences."
I think we are in a catch-22 situation. Or better said, we have a huge dilemma which we may not be able to solve. On the one hand, crypto's core is decentralisation and anonymity. Hence no regulation is possible. Well, not entirely true, since crypto is never 100% anonymous, and regulations will force crypto to become even less anonymous. On the other hand, regulations will attract big money. Without regulations, all that big money will not enter crypto. Without that big money, crypto will stay niche, a novelty, use by a few. The latter is not what we all want, I suppose. Hence regulations may be required. Even if this is against the core value of crypto. That said, too many abusive peeps in crypto, making use of the none regulated nature. Without regulations, crypto space may continue its patch which we can call 'wild west'. Almost total freedom, but a lot of abuse and many peeps being afraid constantly, like the peeps living in the 'wild west'.
It was a pretty small nothing of an exchange from what I heard. It definitely still seems to make quite an impact. I notice that the FUD machines seems to be ramping up its efforts again. It is like a new barrage of misinformation is out there. I think we still have a big bottom incoming. Not sure what it will be, but I think it will hurt and shake out the rest of the chaff.
I thought it was pretty sweet of the SEC to take away any chance for crypto hodlers to take advantage of the rewards NEXO was offering. 22 million dollar settlement that keeps NEXO from offering ANY of it's interest earning services to residents of the US.
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"Genesis Files for Bankruptcy, Has $150 Million In the Bank"
Will see what this weekend and upcoming Monday morning brings to the market, in response ...
It's definitely bringing losses, what else could it be!!!
I think we are in a catch-22 situation. Or better said, we have a huge dilemma which we may not be able to solve. On the one hand, crypto's core is decentralisation and anonymity. Hence no regulation is possible. Well, not entirely true, since crypto is never 100% anonymous, and regulations will force crypto to become even less anonymous. On the other hand, regulations will attract big money. Without regulations, all that big money will not enter crypto. Without that big money, crypto will stay niche, a novelty, use by a few. The latter is not what we all want, I suppose. Hence regulations may be required. Even if this is against the core value of crypto. That said, too many abusive peeps in crypto, making use of the none regulated nature. Without regulations, crypto space may continue its patch which we can call 'wild west'. Almost total freedom, but a lot of abuse and many peeps being afraid constantly, like the peeps living in the 'wild west'.
It was a pretty small nothing of an exchange from what I heard. It definitely still seems to make quite an impact. I notice that the FUD machines seems to be ramping up its efforts again. It is like a new barrage of misinformation is out there. I think we still have a big bottom incoming. Not sure what it will be, but I think it will hurt and shake out the rest of the chaff.
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I thought it was pretty sweet of the SEC to take away any chance for crypto hodlers to take advantage of the rewards NEXO was offering. 22 million dollar settlement that keeps NEXO from offering ANY of it's interest earning services to residents of the US.
Thanks a lot, SEC.
government and crypto just don't mix. The nature of crypto is to be decentralized and free from government control
-just speaking my mind here but I think a
Good bit of people in the crypto game are no different from the government.... Possibly worse
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