Paul Brody, global blockchain leader at the professional services firm, says they will be under “tremendous” pressure to find alternative banking relationships.
Bitcoin and self custody is already available. It’s a solution that was born from the 2008 financial crisis and this collapse reminds us that this technology is the solution to banks.
@VALarkov Republic Bank in the middle of night sunday, i mean 12 midnight just received an infusion of 70 billion dollars from tbe Federal Reserve and J.P. Morgan. I wonder what that’s all about ? Mmmm?
These digital companies that do some obscure nothingness service like distribute tokens in the form of NFTs for attending “meetings” has no tangible means of producing profit yet are somehow privileged enough to provide the founder with an income while the company burns cash and if anything nets even and the owner somehow, through some obscure means, is able to live off of doing literally nothing that has no tangible benefit. Wish I had the privilege to run a company that offers no services or valuable products. Why do we need a digital token identifier or memorabilia for attending some digital meeting? Would you pay for hat service or product? Why? Why do these companies even exist?
Well said, but probably offensive to some. It’s an interesting world some people live in today. They probably have a mansion in the Metaverse, but live in Mom’s basement.
Crypto, the “alternative to fiat currencies”, twitches at every Fed move or blip in the S&P500 and is having a spasm because of a bank failure that might limit access to payroll cash!! Crypto Bros are hilarious.
The hilarious part is that banks go bankrupt because they can’t even give back 10% of the cash that people deposited into the bank. In crypto when people want to claim funds (like USDC), you better have money, because bitcoin can’t be faked or printed to infinity, like the USD and fed reserve. Sounds to me like you’re a brainwashed Janet Yellen bot.
So called tech startup are and bunch ponzi schemes.unit economy doesnt payoff everyone knows that.Simply using the number and stats they are over over valued.
I understand if something provides entertainment value, but why are you saying someone should pay to provide some kind of digital sticker for attending meetings? Makes no sense. Why do these companies have the privilege to exist and yet it’s so difficult to start a real company that produces food, housing, or manufactured goods such as glass or concrete blocks? Because corporations and land owners want 100% of the manufactured profit from their raw materials (such as land that contains limestone or gravel). The USA has a lot of serious problems because there’s so many opportunities to do things that produce a profit, yet a lot of credit and capital is given to these zombie companies. I work in sales development and some of the products and clients I have been given are just completely useless and they can’t even sell the idea themselves but then burn cash so some guy like me can do it for $8-15 an hour plus “commissions.” It’s just dumb. These guys are idiots.
Don’t need exchanges either… Its called self custody using a cold storage device.. Its worth looking into. You still have time too buy Bitcoin but not sure for how long. Once CBDC’S come into play probably wont be able to buy crypto…
Yes, but first they should pour all their funds into Bitcoin and then claim bankruptcy to get free bailouts from the scam fiat money system. Totally agree with you. One system you can print unlimited money, the other you cannot.
I, for one, WELCOME our crypto company killing bank failures.
Whatever stabs a shiv into the crypto bro’s, is a good thing.
And the financial regulation system is working properly in the case of SVB: The FDIC just announced that they will make whole ALL of the depositors, not just stopping at $250,000, and there will by a special assessment on all of the banks that participate in the FDIC program in order to pay for it, as allowed by regulations, so the taxpayers are not on the hook in any way.
Are you literally an insane person? The financial system is not working properly at all when they change all rules at their own whim and make all depositors whole. If a few people can write all the rules of money, and money literally controls everything in the world, then a few (not to mention not even elected) people control the whole world. You are literally a crazy person to write what you did. 21 million bitcoin and never a single one more in existence. Deal with it.
@gamingbtc They are not changing any rules on a whim.
The regulations allow for the FDIC to take this action, just as the regulations allow for the FDIC to seize the bank and to attempt to either sell the bank as a whole to a buyer, or to sell of the various assets of the bank piece by piece. To the extent that these sales do not net enough money to make depositors whole, the FDIC will do a special assessment to cover the gap. As allowed for by “the rules” i.e. by existing regulations.
The bank did NOT go to “zero”. The bank still has significant assets in bonds and other securities. The bank just experienced a run of withdrawals which were faster than the bank was able to sell assets to cover withdrawals, triggering regulators to step in.
Only in the world of the federal reserve thieves are companies who want access to all of their funds in the bank “high risk”. When did America become such a corrupt and disgusting country?
Lol.. banks where crypto exchanges keep dollars May go down, taking down crypto with it and he says buy crypto and pay a fortune to transfer bitcoin everytime
Bitcoin is truth. It’s not compatible with the FDIC banking system because that system is built on lies. THEY DON’T HAVE YOUR MONEY and when crypto companies go to collect their deposits the banks collapse, because they’re fraudulent. 3% fractional reserves…what a joke. In the world of crypto if you aren’t overcollateralized by at least 125% you’re in trouble, but only in the fed reserve la la land, do you only need to be collateralized by 3%.
And maybe startups should start focusing on actually making money rather than raising money and surviving to the next round.
In 2008 banks commercialised and backed financial products that were basically garbage. The system collapsed. Government stepped in to save jobs
2023 banks funded startups that shouldn’t be funded just to hike their portfolios. Government is now required also to bail them out .
5 years into market any startup that relies mainly on banks to pay its salaries is an unhealthy business no matter how « disruptive, to the moon, breakthrough technology, changing the world » it is
VC cannot continue to inflate the ecosystem without it blowing up once in a while
Why doesn’t the SEC just regulate crypto?
The rest of the world has the ability to define a currency or a security and from there has clear rules of how they should trade….
Crypto has plenty to offer the financial system if it has clear rules.
The banks gamble with peoples money and are never reprimanded for their careless decisions….its a casino and the government don’t care because it is so profitable when the gamble pays off, when it doesn’t the tax payer picks up the bill, the system never loses.
They dont care for the middle class, equality no longer exists its all about the rich getting richer.
STOP letting leftists control finances of any kind, look at FTX, now SVB and our nation’s economy……they all failed because leftists don’t know how to manage money, PERIOD !!
WTH are these clowns talking about? This was a traditional bank and government Fed issue, besides, I notice they didn’t even mention Ripple/XRP which alone can assure US citizens can access not just friendly banks accounts, but foreign accounts as well. In fact Ripple has replaced the banking rails globally, so these idiots can keep talking like the US has the power to stop a globally tech and act like XRP and a few others don’t exist all they want.
I Coincidentally met Mrs Nancy Williams Laplace in a conference in Dallas TX. She enlightened us more on the market and her strategies were really mind blowing!. I always recommend her for crypto investments.
I am so fortunate that I made productive decisions about my finances that changed my life forever. I am a single mum living in Toronto Canada who bought my second home in September and is hoping to retire next year at 50 if things continue to go smoothly for me
Wow I know Mrs SUSAN JOY LYON and I have also been trading with her , she’s such an amazing woman with good skills keeps me happy all week knowing I earn 15thousand extra income trading with her .
I will forever be indebted to you,you’ve changed my whole life l”ll continue to preach about your name for the world to hear you’re saved me from a huge financial debt with just little investment thanks so much!!! ⬆️⬆️⬆️😍 ✅✅ ✅
Caicos is an educationalist, he took his time to teach me and gave me demo sessions to ascertain my understanding before I went live, and taking about singnals, they are epic and really easy to understand… 👆👌👌
Inflation is producing a slew of problems throughout the world, including food shortages, diesel and heating fuel shortages, and housing prices and financial market crash. This global collapse might end up being a part of us for a very long time. With inflation currently at about 9%, my primary concern is how to maximize my savings/retirement fund of about $300k which has been sitting duck since forever with zero to no gains.
It all depends on how long you’re willing to hold for, stocks might likely tank further, but making serious gains in this downtrend wouldn’t be a problem if you’re a pro
@Yolande Riché I agree, having a portfolio- advisor for investing is genius! Not long ago amidst the pandemic crash in March 2020, I was really having investing nightmare prior touching base with a license portfolio-advisor. In a nutshell, i’ve accrued over 550k with the help of my advisor from an initial $120k investment thus far.
@Edeline Guillet That’s impressive! I need guidance to salvage my port-folio due to the massive dips and develop better strategies. How can I reach this advsor?
@Valerie Pierre She is “Stacey Lee Decker”, my consultant. Since then, she has devoted section and leave attention to safeguards that I have been keeping an eye out for. You can locate information about the chief online, on the off chance that you’re interested. I made no regrets about substantially adhering to their exchange strategy.
@Edeline Guillet Many thanks for saving me hours of research, curiously copied and pasted Stacey lee decker on my browser, and her site was top search, and very professional. great share!
Signature Bank just collapses
Yea they went all in on crypto to…..
The banking system is a weak point in crypto. Crypto is not a weak point in the banking system.
@Carl Wide lol
@Carl Wide lol
My dog just collapsed
If it’s going to be more difficult for crypto it either means crypto will be crushed or become more expensive
more expensive to buy..so better be in asap
Not having banks will force us to think even harder but we have the talent to figure it out.
Bitcoin and self custody is already available. It’s a solution that was born from the 2008 financial crisis and this collapse reminds us that this technology is the solution to banks.
Wrong….
This will be the leftists perfect reason to “nationalize the banking system TO SAVE THE WORLD”.
And just like that…. your living in communism 🤣🤣🤣
DEX
Again, who is stupid enough to own crypto?!
Nft high risk company 😂
Double down on broken system!!!
the apocalypse is upon us roblox and rocketlab are broke! how can the human race continue?
Crypto company suffer from corrupt governments
Just the tip of the iceberg. Biden is going to speak to the nation monday. NOW I’M WORRIED !
🤞
@VALarkov Republic Bank in the middle of night sunday, i mean 12 midnight just received an infusion of 70 billion dollars from tbe Federal Reserve and J.P. Morgan. I wonder what that’s all about ? Mmmm?
These digital companies that do some obscure nothingness service like distribute tokens in the form of NFTs for attending “meetings” has no tangible means of producing profit yet are somehow privileged enough to provide the founder with an income while the company burns cash and if anything nets even and the owner somehow, through some obscure means, is able to live off of doing literally nothing that has no tangible benefit. Wish I had the privilege to run a company that offers no services or valuable products. Why do we need a digital token identifier or memorabilia for attending some digital meeting? Would you pay for hat service or product? Why? Why do these companies even exist?
Well said, but probably offensive to some. It’s an interesting world some people live in today. They probably have a mansion in the Metaverse, but live in Mom’s basement.
Crypto, the “alternative to fiat currencies”, twitches at every Fed move or blip in the S&P500 and is having a spasm because of a bank failure that might limit access to payroll cash!! Crypto Bros are hilarious.
The hilarious part is that banks go bankrupt because they can’t even give back 10% of the cash that people deposited into the bank. In crypto when people want to claim funds (like USDC), you better have money, because bitcoin can’t be faked or printed to infinity, like the USD and fed reserve. Sounds to me like you’re a brainwashed Janet Yellen bot.
Pathetic is a better word.
Ratio
Screw em all. Playing with phony digital crap.
So called tech startup are and bunch ponzi schemes.unit economy doesnt payoff everyone knows that.Simply using the number and stats they are over over valued.
I understand if something provides entertainment value, but why are you saying someone should pay to provide some kind of digital sticker for attending meetings? Makes no sense. Why do these companies have the privilege to exist and yet it’s so difficult to start a real company that produces food, housing, or manufactured goods such as glass or concrete blocks? Because corporations and land owners want 100% of the manufactured profit from their raw materials (such as land that contains limestone or gravel). The USA has a lot of serious problems because there’s so many opportunities to do things that produce a profit, yet a lot of credit and capital is given to these zombie companies. I work in sales development and some of the products and clients I have been given are just completely useless and they can’t even sell the idea themselves but then burn cash so some guy like me can do it for $8-15 an hour plus “commissions.” It’s just dumb. These guys are idiots.
😂 Bitcoin does not need banks…. 😂😂😂😂😂😂😂
It has exchanges but they are dropping like flies 😂😂🤣🤣
Don’t need exchanges either… Its called self custody using a cold storage device.. Its worth looking into. You still have time too buy Bitcoin but not sure for how long. Once CBDC’S come into play probably wont be able to buy crypto…
good. there isn’t a “crypto company” that isn’t scamming people.
buy bitcoin. avoid all the others.
Just in , 2:00 a.m. Republic Bank gets infusion of $70 billion dollars from Federal Reserve and J.P. Morgan. Wonder what that is all about ? Mmmmm?
Crypto banks should all go bankrupt
Yes, but first they should pour all their funds into Bitcoin and then claim bankruptcy to get free bailouts from the scam fiat money system. Totally agree with you. One system you can print unlimited money, the other you cannot.
all cryptocurrency will vanish its just a matter of time
@gamingbtc Bitcoin is a decentralized Ponzi scheme lol
@gamingbtc
“freedom money”😂😂😂😂. Crypto is a decentralised Ponzi scheme.
Fiat is a centralized Ponzi scheme.
@I Dream of Money
Not if you deal in cash. 🤷Of course you have to have the intelligence and the ability to actually manufacture a worthwhile product.
@I Dream of Money It sort of is yeah, so nothing changed.
I, for one, WELCOME our crypto company killing bank failures.
Whatever stabs a shiv into the crypto bro’s, is a good thing.
And the financial regulation system is working properly in the case of SVB: The FDIC just announced that they will make whole ALL of the depositors, not just stopping at $250,000, and there will by a special assessment on all of the banks that participate in the FDIC program in order to pay for it, as allowed by regulations, so the taxpayers are not on the hook in any way.
Are you literally an insane person? The financial system is not working properly at all when they change all rules at their own whim and make all depositors whole. If a few people can write all the rules of money, and money literally controls everything in the world, then a few (not to mention not even elected) people control the whole world. You are literally a crazy person to write what you did. 21 million bitcoin and never a single one more in existence. Deal with it.
@gamingbtc They are not changing any rules on a whim.
The regulations allow for the FDIC to take this action, just as the regulations allow for the FDIC to seize the bank and to attempt to either sell the bank as a whole to a buyer, or to sell of the various assets of the bank piece by piece. To the extent that these sales do not net enough money to make depositors whole, the FDIC will do a special assessment to cover the gap. As allowed for by “the rules” i.e. by existing regulations.
The bank did NOT go to “zero”. The bank still has significant assets in bonds and other securities. The bank just experienced a run of withdrawals which were faster than the bank was able to sell assets to cover withdrawals, triggering regulators to step in.
Your a clown….
What just happened is YOU just got controlled by the fascist, socialist left.
Now they have the perfect reason to “nationalize the banking system, TO SAVE THE WORLD 🙄🙄”.
YOU ALL just stepped right in to communism, and didn’t even see it happen.
If you voted D, you earned what comes next !
Shekels
Only in the world of the federal reserve thieves are companies who want access to all of their funds in the bank “high risk”. When did America become such a corrupt and disgusting country?
Crypto companies get flagged as high risk because they are all run by fraudsters and scammers.
Banks a big risk for crypto. The people need to do something!
How about they let Crypt Coins die.
Lol.. banks where crypto exchanges keep dollars May go down, taking down crypto with it and he says buy crypto and pay a fortune to transfer bitcoin everytime
Bitcoin is truth. It’s not compatible with the FDIC banking system because that system is built on lies. THEY DON’T HAVE YOUR MONEY and when crypto companies go to collect their deposits the banks collapse, because they’re fraudulent. 3% fractional reserves…what a joke. In the world of crypto if you aren’t overcollateralized by at least 125% you’re in trouble, but only in the fed reserve la la land, do you only need to be collateralized by 3%.
i am going to invest in Latinum. at least star trek says it will still have value in the 25th-century.
Crypto decays, but latinum lasts forever.
Goodnight video game coin
Rest in pepperoni
Getting told NO or getting applications rejected, is not getting unclear answers!
Its plain and simple
Wait this is a crypto bank? I thought it was a regular bank! Sounds like FUD
You mean BS.
Bitcoin doesn’t need a bank.
How many of these crypto scams have to be exposed before people get a clue?
How many leftist run companies and nations economies need to fail before people in general get a clue….?
Ftx…..svb…..America’s economy….
2 more and I might learn my lesson
more like gold/silver/PMs
the kill in crypto? its a kill on your traditional bank lmao, this happend before and still happening now because finacial system isnt changing
And maybe startups should start focusing on actually making money rather than raising money and surviving to the next round.
In 2008 banks commercialised and backed financial products that were basically garbage. The system collapsed. Government stepped in to save jobs
2023 banks funded startups that shouldn’t be funded just to hike their portfolios. Government is now required also to bail them out .
5 years into market any startup that relies mainly on banks to pay its salaries is an unhealthy business no matter how « disruptive, to the moon, breakthrough technology, changing the world » it is
VC cannot continue to inflate the ecosystem without it blowing up once in a while
Why doesn’t the SEC just regulate crypto?
The rest of the world has the ability to define a currency or a security and from there has clear rules of how they should trade….
Crypto has plenty to offer the financial system if it has clear rules.
The banks gamble with peoples money and are never reprimanded for their careless decisions….its a casino and the government don’t care because it is so profitable when the gamble pays off, when it doesn’t the tax payer picks up the bill, the system never loses.
They dont care for the middle class, equality no longer exists its all about the rich getting richer.
all the hype about China’s collapse countdown, turns out it started in a merica…
Feels like Easter morning
Poor starving nft tycoons
Operation choke point
It should be a wake up call to the entire world….
STOP letting leftists control finances of any kind, look at FTX, now SVB and our nation’s economy……they all failed because leftists don’t know how to manage money, PERIOD !!
WTH are these clowns talking about? This was a traditional bank and government Fed issue, besides, I notice they didn’t even mention Ripple/XRP which alone can assure US citizens can access not just friendly banks accounts, but foreign accounts as well. In fact Ripple has replaced the banking rails globally, so these idiots can keep talking like the US has the power to stop a globally tech and act like XRP and a few others don’t exist all they want.
What is the best way to make more profitable investment in market now without incurring much losses
@Georgia Boucher
Mrs Nancy Williams is the real deal when it come to trading. Lot of testimonies in Canada
@REJOICE XHAFA Thanks for sharing her contact information. Texting up right away!
I strongly agree with you guys, Nancy’s team is the best, Funds are safe and ROI being sent directly to my coinbase wallet monthly makes it easier
Honestly! Nancy Williams is the key to robust profits. I’m currently on my fourth trade. Started off with a low and now my wallet unbelievable!
I Coincidentally met Mrs Nancy Williams Laplace in a conference in Dallas TX. She enlightened us more on the market and her strategies were really mind blowing!. I always recommend her for crypto investments.
No worries, uncle Joe and auntie Janet got it covered. All is safe. Pay your taxes. Good reason for more tax increases. We are not in a recession, no
ban crypto
China is the largest holder of US Treasuries… can US bail China out?
SBV didn’t hold Crypto
you will see a mircale how alot are making it with Bitcoin mining process through Name. ⬆️ ⬆️ ✅
😆 🤣 😂 let the crypto fools rot. They deserve it.
I am so fortunate that I made productive decisions about my finances that changed my life forever. I am a single mum living in Toronto Canada who bought my second home in September and is hoping to retire next year at 50 if things continue to go smoothly for me
Wow I know Mrs SUSAN JOY LYON and I have also been trading with her , she’s such an amazing woman with good skills keeps me happy all week knowing I earn 15thousand extra income trading with her .
I stopped worrying about bitcoin price ever since I started using SUSAN JOY LYON??strategy, it gives me gain daily even with the downtrend
wow, amazing to see others who trade with Mrs SUSAN JOY LYON i am currently on my 5th trade with her and my portfolio has increased tremendously
Wow this conversation is so real, who do I send all my money to?
I will forever be indebted to you,you’ve changed my whole life l”ll continue to preach about your name for the world to hear you’re saved me from a huge financial debt with just little investment thanks so much!!! ⬆️⬆️⬆️😍 ✅✅ ✅
Caicos is an educationalist, he took his time to teach me and gave me demo sessions to ascertain my understanding before I went live, and taking about singnals, they are epic and really easy to understand… 👆👌👌
The US is against crypto whilst the rest of the world is adopting it.
Inflation is producing a slew of problems throughout the world, including food shortages, diesel and heating fuel shortages, and housing prices and financial market crash. This global collapse might end up being a part of us for a very long time. With inflation currently at about 9%, my primary concern is how to maximize my savings/retirement fund of about $300k which has been sitting duck since forever with zero to no gains.
It all depends on how long you’re willing to hold for, stocks might likely tank further, but making serious gains in this downtrend wouldn’t be a problem if you’re a pro
@Yolande Riché I agree, having a portfolio- advisor for investing is genius! Not long ago amidst the pandemic crash in March 2020, I was really having investing nightmare prior touching base with a license portfolio-advisor. In a nutshell, i’ve accrued over 550k with the help of my advisor from an initial $120k investment thus far.
@Edeline Guillet That’s impressive! I need guidance to salvage my port-folio due to the massive dips and develop better strategies. How can I reach this advsor?
@Valerie Pierre She is “Stacey Lee Decker”, my consultant. Since then, she has devoted section and leave attention to safeguards that I have been keeping an eye out for. You can locate information about the chief online, on the off chance that you’re interested. I made no regrets about substantially adhering to their exchange strategy.
@Edeline Guillet Many thanks for saving me hours of research, curiously copied and pasted Stacey lee decker on my browser, and her site was top search, and very professional. great share!