Crypto company deathwatch thread

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Kendall Motor Oil said:
I thought NY already investigated them and nothing came of it. Didn't that investigation confirm Tether didn't have the reserves is claimed?
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iirc New York settled with Tether and just require regular "attestations" in leiu of a proper audit. Even this requirement is going away this year.

All the attestation does is say that at a specific date and time they have the assets. Unlike an audit it doesn't go into the source of the funds, so it can be fooled pretty easily.
 
RX-78 said:
There's a rumor going around that tether is going to be investigated on the third of January or near that time. No idea if its true or not but if enough people believe it be ready for a strong dip/buying opportunity.
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I mean, its tether. It has been the crypto "this is going to explode literally everything" meme for years now. Last I heard (and just checked) the last court filings were in September. They've been around through 2 bear markets and seems like the worst of it is over for the 3rd and managed to hold up. Figure they're like Deutsch Bank: Kinda shady, not well run, eternally hit by fines, but stable enough.

I don't know much about Kevin O'Leary, but I can't imagine it will go any different from when Mark Cuban sung the praises of Defi right up until he got rugged, then was crying for regulations.

The XRP vs SEC case is the one to watch, as that will set the tone more immediately then anything congress will manage to pass in the next few years
 
Nol 2 said:
I mean, its tether. It has been the crypto "this is going to explode literally everything" meme for years now. Last I heard (and just checked) the last court filings were in September. They've been around through 2 bear markets and seems like the worst of it is over for the 3rd and managed to hold up. Figure they're like Deutsch Bank: Kinda shady, not well run, eternally hit by fines, but stable enough.

I don't know much about Kevin O'Leary, but I can't imagine it will go any different from when Mark Cuban sung the praises of Defi right up until he got rugged, then was crying for regulations.

The XRP vs SEC case is the one to watch, as that will set the tone more immediately then anything congress will manage to pass in the next few years
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1.His girl killed some one in a boat
2.He is paid by FTX
3.he wants the FTC to turn crypto into a security
what else do you need to know?
 
Fascist Kirk said:
what else do you need to know?
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Why I should particularly care what a Canadian businessman turned reality TV star thinks. 1) Is normal rich person shit, 2) makes him one of practically half of anyone involved with crypto and 3) is an absolutely normal and justfied view point, doubly so when something he got tied to just went down in flames and he is trying to cover his ass.

Only actual thing I can see happening is he has sway up in Canada which will get some regs up there that will be absolutely meaningless because "lol canada". But even that I give practically no odds unless he is particularly well connected up that way
 
Nol 2 said:
Why I should particularly care what a Canadian businessman turned reality TV star thinks. 1) Is normal rich person shit, 2) makes him one of practically half of anyone involved with crypto and 3) is an absolutely normal and justfied view point, doubly so when something he got tied to just went down in flames and he is trying to cover his ass.

Only actual thing I can see happening is he has sway up in Canada which will get some regs up there that will be absolutely meaningless because "lol canada". But even that I give practically no odds unless he is particularly well connected up that way
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O'leary is famous for being on the right end of Mattel's most questionable business decision and the most questionable "dilligence free" corporate acquisition of the 90s.

Doesn't make him a guru but its strange where he pops up. The worst deals ever made, TV sourpuss, a murder scene, and as a spokesperson for indictable fraud.

He does have sway in the US, SBF chose him for a reason. He's the exact kind of legit front crypto needs.
 
Deadwaste said:
i wish all crypto bros a horrific and painful death for you get what you fucking deserve
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Coin Base agrees to a 100 million dollar settlement with a New York regulator.
NY Ag Sues Alex Mashinsky
Jim cramer Says to get out of all Crypto, Personally debating ongetting in based on Jim's track record.
 
MuppetSlaughter said:
Coin Base agrees to a 100 million dollar settlement with a New York regulator.
NY Ag Sues Alex Mashinsky
Jim cramer Says to get out of all Crypto, Personally debating ongetting in based on Jim's track record.
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Coinbase NY times - https://archive.is/arko8
Mashinsky NY Times - https://archive.is/wneLc

Well, a KYC slap on the wrist and the NY AG going after someone who already fled to Israel are better than nothing, but please archive next time. If you can find a mainstream source it has prob already been archived and you can pull the link.

As far as Jim Cramer goes, his crypto predicitons are spot on and I would never besmirch his good name by insinuating he would try to run from his words.
 
Nol 2 said:
CZ has run a tight-ish ship for awhile, so I doubt insolvency, but good lord BSC is the shit coin casino, practically entirely run by Binance.
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Binance have been drowning my inbox with competitions and givaways for deposits for the last couple of weeks. Those outflows must be hurting.
 
ditto said:
Binance have been drowning my inbox with competitions and givaways for deposits for the last couple of weeks. Those outflows must be hurting.
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lol, it more or less reverted by the end of the week.

You can look this shit all up yourself - https://dune.com/xihablock/binance-overview

Looks like the usual fuckery is going on (14 bil down in an hour lol), but they are up over 2bil for the year, down 2 over the month, but again, down 14 bil in an hour is fucking with that number
 
So, at this point is any CEX reliable ? I always thought they were cancerous for crypto but they are by far the easiest way to get in. Can I buy BTC anywhere else that isn't pozzed ?
 
troonkin said:
So, at this point is any CEX reliable ?
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Define reliable. Your other options are Bitcoin ATM's which fuck you hard on the exchange rate (15% on stable coins the one time I checked) if you can even get them to work or localbitcoins where you more or less have to hope you don't get mugged.

Use an exchange but don't keep your stuff on it. Don't try to day trade because the house always wins, and get all your KYC done along with a test transaction going both ways (in and out) before you panic and feel like you need it.
 
Nol 2 said:
Define reliable.
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Not going to the Bahamas with my money after donating most of it to the Democratic party...

CEX are the easiest and most accessible way to get into crypto for the vast majority of people. It's also the main way to get out. Most people don't have anywhere near enough crypto to warrant a hardware wallet and even if you do, what are you going to do with it ?

I don't like that CEX are pretty much the only way into crypto and that they not only play ball but also fund the very people killing crypto with regulation. But, if I have to use them so my benevolent government knows I'm not 'laundry money' I want them to be trustworthy.
 
troonkin said:
CEX are the easiest and most accessible way to get into crypto for the vast majority of people. It's also the main way to get out. Most people don't have anywhere near enough crypto to warrant a hardware wallet and even if you do, what are you going to do with it ?
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store them in your ass if the russian come(or the atf)
 
troonkin said:
Not going to the Bahamas with my money after donating most of it to the Democratic party...
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If thats the bar, go sign up with Binance and be done with it.

Realistically the more boring an exchange is and the longer they've been around the safer your money is.
 
Stoneheart said:
store them in your ass if the russian come(or the atf)
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Not even my ass is safe if the IRS can tax it.
Nol 2 said:
If thats the bar, go sign up with Binance and be done with it.

Realistically the more boring an exchange is and the longer they've been around the safer your money is.
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Binance is also having issues with its own audit.
 
troonkin said:
Not even my ass is safe if the IRS can tax it.

Binance is also having issues with its own audit.
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Then pick any exchange that is boring and has been around a long time. If you don't want risk crypto isn't for you.

Even if your exchange of choice doesn't explode there 3 things off the top of my head that can zero out whatever money you put in that are entirely "shit happens" tier
 
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