You mean in 2013 in Cyprus? EU BRRD and ring fencing rules came in 2014 (Directive 2014/59/EU) in response to that 😉.
Coinbase warns users could lose their crypto holdings if the company goes bankrupt
- Thread starter troubled soul
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Bottom line is I would trust Wirecard Bank accounting before I trust any crypto companies accounting....lol. Protect yourself and be wise about where you hold stuff.
Bottom line is clear. In this low trust world we are in, nothing beats self-custody. We perfectly agree on this.
I would not trust the old regulated banking stuff at all. Coinbase is as "good" (bad? 😉 ) as your average bank.
Since 2008 this is very clear and it is not getting better as they add rules to fix the old problem but by doing so it opens up 3 new threat vectors which will come due just a short time ahead.
I would not trust the old regulated banking stuff at all. Coinbase is as "good" (bad? 😉 ) as your average bank.
Since 2008 this is very clear and it is not getting better as they add rules to fix the old problem but by doing so it opens up 3 new threat vectors which will come due just a short time ahead.
This warning has nothing to do with custody problem, but with usdc peg. Cold wallet won't help you if the peg breaks and you end up with a bag of stableshitcoins. Among them usdc is the worst kind. Even if it lives, it'll be just a matter of time when compliance kicks in and amounts start to freeze on the "blockchain".
Coinbase Customers Sue Over Stablecoin That’s ‘Anything But’
https://www.msn.com/en-us/money/mar...-was-e2-80-98anything-but-e2-80-99/ar-AAXdB77
And? They f over their clients? That is daily business.
Welcome to banking right here, you know how this is being played 😉 (margin calls by banks etc.)
Lehman brothers papers, Archegos and Greensil funds 😉 all top notch products by the saints of banking.
The bring up the point again. They are as good as any bank, not better, not worse (overall pretty bad as are the banks as well)
Welcome to banking right here, you know how this is being played 😉 (margin calls by banks etc.)
Lehman brothers papers, Archegos and Greensil funds 😉 all top notch products by the saints of banking.
The bring up the point again. They are as good as any bank, not better, not worse (overall pretty bad as are the banks as well)
"Obscure crypto lending platforms": -> Crypto firm Celsius pauses all transfers, withdrawals as markets tumble
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People never learn from history: 20 years ago it was dot.com, now it's crypto. They will all fall like dominoes.
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People never learn from history: 20 years ago it was dot.com, now it's crypto. They will all fall like dominoes.
There's too much completely clueless people on history and political economy in crypto, unfortunately with coding skills, to ever understand what are the conditions when lending actually works. For playing zero sum games and stealing from one another it doesn't. I guess we're in the phase of "wisdom of the crowds" finding one. .. It's going to be a long and painful journey with the clueless players having coding skills ...
I'm not convinced that all of the dot.com boom companies fell. Some seem to have done extraordinarily well for their shareholders.
Out of the approximately ten thousand tokens listed on CMC / CG, most will fail. Those that don't could get very interesting.
Out of the approximately ten thousand tokens listed on CMC / CG, most will fail. Those that don't could get very interesting.
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