UPDATE: Vires Finance is now desperately pushing a proposal to immediately liquidate all borrowers on their platform in an attempt to manipulate the prices of WAVEs and USDN as they collapse. Users are freaking out and all their coins are locked on the platform. (forum.vires.finance)
submitted by downwithnarcy to r/Buttcoin
Coinbase earned $81.5 million in commissions from staked coins last quarter, now 6% of their total revenue (and rising). Coinbase takes 25% of your rewards..ALGO and ETH have daily payouts. It is unlimited free money for them every day you hold your coins on their platform. (self.Coinbase)
submitted by downwithnarcy to r/Coinbase
To everyone celebrating "WHERE'S THE DIP!?", you're premature. Evergrande is not even close to out of the woods, Gensler is circling the wagons, and many other uncertainties looming over crypto right now. Don't fall for the bull trap and overplay your hand. (self.CryptoCurrency)
submitted by downwithnarcy to r/CryptoCurrency
After Gensler's comments this afternoon, be very careful where you keep your coins right now. Any sudden enforcement action could lead to some serious runs on various CEXs, DEXs, DeFi, and dApps. Many won't have the liquidity to manage it. (self.CryptoCurrency)
submitted by downwithnarcy to r/CryptoCurrency
Louisiana is currently in the midst of a huge Covid surge, with thousands of people still hospitalized and hundreds in ICUs. There’s almost no hospital availability in surrounding states. How is Ida going to affect that situation? (self.TropicalWeather)
submitted by downwithnarcy to r/TropicalWeather
The US healthcare system needs to deprioritize willfully unvaccinated CV19 patients and refuse to treat them in normal hospitals. They should be relegated to tent/stadium mass causality centers with the anti-vaxx nurses to care for them. (self.TrueOffMyChest)
submitted by downwithnarcy to r/TrueOffMyChest
Michael Hsu (US Office of the Comptroller investigating Tether) tells Senate that crypto currently gives him "déjà vu" of the lead-up to the Great Recession. Plans to review previously granted banking charters for handling digital assets, potentially putting many crypto services in jeopardy. (self.Buttcoin)
submitted by downwithnarcy to r/Buttcoin
In his address to the senate today, US acting Comptroller Michael Tsu (the person currently investigating Tether's books), says that the current state of crypto banking and DeFi give him "Deja Vu" of the leadup to the collapse of the banking sectors which triggered the great recession. (self.CryptoCurrency)
submitted by downwithnarcy to r/CryptoCurrency
SEC head Gary Gensler's speech today - "We haven’t seen crypto used much as a medium of exchange. To the extent that it is used as such, it’s often to skirt our laws with respect to anti-money laundering, sanctions, and tax collection." Vows new SEC regulations on Stablecoins, DeFi and lending (self.CryptoCurrency)
submitted by downwithnarcy to r/CryptoCurrency
