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Old 14-06-2022, 07:38   #5121   link
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Old 14-06-2022, 09:45   #5122   link
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10k aan ETH nog ingekocht op 1750. Ouch
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PEEPHOLE druuuuuuuuuuugs toxic epo wtfBBQ kmoekakn editen lijpoog pur pijpegale
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Old 14-06-2022, 10:05   #5123   link
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MIJNE CARDANO WTF

NOOO
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bon voor zover het evenepoel verhaal

y'all motherfuckers are crazy
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Old 14-06-2022, 10:07   #5124   link
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10k aan ETH nog ingekocht op 1750. Ouch
der zijn mensen die eth hebben ingekocht aan 4k dus 't valt nog mee peis ik
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bon voor zover het evenepoel verhaal

y'all motherfuckers are crazy
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Old 14-06-2022, 10:21   #5125   link
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doet efkes zeer, not gonna lie. Slecht ingeschat, had moeten weten dat de macro situatie er niet goed voor was.

maar stond niks te doen in cash behalve waarde verliezen. heb het ook niet nodig, dus not too bothered. Set & forget tot de volgende hypecycle I suppose (ropsten testnet merge was succesvol deze week, mainnet merge in augustus? )
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Old 14-06-2022, 13:00   #5126   link
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Waar is de tijd dat ik een ETH kocht voor €170
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Old 14-06-2022, 15:44   #5127   link
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Coinbase announced that they would be cutting 18% of their employees, amounting to 1,100 people. This announcement came only two weeks after they rescinded already-accepted job offers from some new employees, a move that itself came only two weeks after the company announced a hiring freeze. Coinbase has attributed their decisions to "current market conditions" and "crypto winter".

Coinbase broke the news to affected employees in a particularly cold way: by email, sent to employees' personal email accounts because they immediately cut access to employees' work accounts. "Given the number of employees who have access to sensitive customer information, it was unfortunately the only practical choice, to ensure not even a single person made a rash decision that harmed the business or themselves," wrote CEO Brian Armstrong in a message to employees that was subsequently published as a blog post.

https://web3isgoinggreat.com/?id=coi...yees-in-18-cut


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BlockFi, a platform for trading and lending cryptocurrency, announced via a blog post on Monday that it’s laying off 20 percent of its 850 employees — around 170 to 200 people. CEO Zac Prince said in a Twitter thread that the layoffs can be traced to a “dramatic shift in macroeconomic conditions” and BlockFi’s push to become profitable.

It’s not the only crypto company letting workers go. On Friday, Crypto.com (the company with the Super Bowl ad featuring LeBron James) announced that it’s laying off around 260 workers, or around 5 percent of its workforce, according to a Twitter thread from its CEO, Kris Marszalek.

https://www.theverge.com/2022/6/13/2...fi-slump-halts
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Old 14-06-2022, 15:45   #5128   link
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ha daarom zie ik op het eco deel van mijne twitter allemaal memes over matt damon :')
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bon voor zover het evenepoel verhaal

y'all motherfuckers are crazy
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Old 14-06-2022, 16:46   #5129   link
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das goed ik zocht een entry-point voor coinbase
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Old 15-06-2022, 09:18   #5130   link
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Magische grens van 20k is in zicht.
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Old 15-06-2022, 09:30   #5131   link
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wat peist ge Peep, definitieve game over deze keer?
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Old 15-06-2022, 10:12   #5132   link
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wat peist ge Peep, definitieve game over deze keer?
Nah, crypto blijft wel nog wat jaren doordraaien in allerlei diverse (speculatieve) vormen. En Bitcoin zal ook wel in de toekomst terug een nieuwe bubbel kennen.

Het gaat sowieso wel nog wat maanden verder dalen gok ik, en misschien een aantal jaren aan de lage kant blijven (zoals in periode 2018-2020).

En dan zijn er nog altijd een aantal zaken die kunnen ontploffen met Tether als belangrijkste. Als die gaat: hoo boy, dan gaat het helemaal naar de bodem. Maar voor 't zelfde geld overleven die weer tot de volgende bubbel.
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Old 15-06-2022, 11:46   #5133   link
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Volgend defi slachtoffer staat al klaar:
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Su Zhu, co-founder of Singapore-based crypto venture capital firm Three Arrows Capital (3AC), has put out a cryptic statement on Twitter in response to swirling rumors that the company is battling against insolvency.

Online chatter about 3AC being unable to meet a margin call began after 3AC started moving assets around this week to top up funds on decentralized finance (DeFi) platforms such as Aave to avoid potential liquidations amid the tanking price of Ether (ETH) this week. There are unconfirmed reports that 3AC faced liquidations totaling hundreds of millions from multiple positions.

In a short and sweet Twitter post from earlier on June 15, Zhu broke his silence after around three days of inaction on social media and suggested that the company is working through its issues:

“We are in the process of communicating with relevant parties and fully committed to working this out.”


https://cointelegraph.com/news/su-zh...and-insolvency
En volgende stable coin om zijn peg te verliezen is er ook al (van Tron/Justin Sun):


Celcius bevestigd faillissement:
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Crypto lending firm Celsius has hired lawyers specializing in business restructuring to help it navigate its thorny financial situation, The Wall Street Journal reported Wednesday, citing people familiar with the matter.

Lawyers from the Philadelphia-based Akin Gump Strauss Hauer & Feld LLP are working with Celsius, which at its peak held over $10 billion in client assets, the report said.

Celsius took the dramatic step of freezing account withdrawals Monday amid the broader crypto market downturn.
The company did not immediately respond to a request for comment.

https://www.coindesk.com/business/20...s-wsj-reports/
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Old 15-06-2022, 12:23   #5134   link
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Vat alles mooi samen:

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...

It is, however, unlikely to die if there’s a crash, but that is not my point. We will see this cycle repeat again and again - the crash, the layoffs, the losses and the “difficult decisions” from people who aren’t affected by them. What won’t be discussed enough is how many millions of people were conned into joining a volatile system, one controlled by a mixture of anonymous market manipulators and craven executives that don’t care for their customers or workers other than what they can extract from them.

Cryptocurrency has become exactly the monster that it claimed it would slay - a crooked, kleptocratic cesspool of questionable laws, where the people in power keep their place regardless of how many irresponsible and despicable acts they commit. Cryptocurrency is not “for the people,” nor is it freeing anyone from the financial system - in fact, one might say that cryptocurrency in the last few months resembles the subprime mortgage crisis where people were told they had a chance at accumulating wealth without adequate warning about what they were getting into.

There is not enough ire in the world for the influencers - the Anthony Pomplianos of the world - who have crammed this poison down many young people’s throats, knowing full well this was an inevitable end for them. Every one of these people is guilty of tricking ignorant people into trying to catch knives, claiming again and again that there is method to the madness of a cryptocurrency market full of fake volume and other forms of intentional manipulation.

...

https://ez.substack.com/
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Old 16-06-2022, 11:09   #5135   link
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Iets niet crash gerelateerd:
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Inside a Corporate Culture War Stoked by a Crypto C.E.O.

Jesse Powell, a founder and the chief executive of Kraken, one of the world’s largest cryptocurrency exchanges, recently asked his employees, “If you can identify as a sex, can you identify as a race or ethnicity?”

He also questioned their use of preferred pronouns and led a discussion about “who can refer to another person as the N word.”

And he told workers that questions about women’s intelligence and risk appetite compared with men’s were “not as settled as one might have initially thought.”

In the process, Mr. Powell, a 41-year-old Bitcoin pioneer, ignited a culture war among his more than 3,000 workers, according to interviews with five Kraken employees, as well as internal documents, videos and chat logs reviewed by The New York Times. Some workers have openly challenged the chief executive for what they see as his “hurtful” comments. Others have accused him of fostering a hateful workplace and damaging their mental health. Dozens are considering quitting, said the employees, who did not want to speak publicly for fear of retaliation.

...

This month, Mr. Powell unveiled a 31-page culture document outlining Kraken’s “libertarian philosophical values” and commitment to “diversity of thought,” and told employees in a meeting that he did not believe they should choose their own pronouns. The document and a recording of the meeting were obtained by The Times.

...

Mr. Powell and Ms. Yee did not respond to requests for comment. In a Twitter thread on Wednesday in anticipation of this article, Mr. Powell said that “about 20 people” were not on board with Kraken’s culture and that even though teams should have more input, he was “way more studied on policy topics.”

“People get triggered by everything and can’t conform to basic rules of honest debate,” he wrote. “Back to dictatorship.”



...

In 2019, former Kraken employees posted scathing comments about the company on Glassdoor, a website where workers write anonymous reviews of their employers.

“Kraken is the perfect allegory for any utopian government ideal,” one reviewer wrote. “Great ideas in theory but in practice they end up very controlling, negative and mistrustful.”

In response, Kraken’s parent company sued the anonymous reviewers and tried to force Glassdoor to reveal their identities. A court ordered Glassdoor to turn over some names.

On Glassdoor, Mr. Powell has a 96 percent approval rating. The site adds, “This employer has taken legal action against reviewers.”

At Kraken, Mr. Powell is part of a Slack group called trolling-999plus, according to messages viewed by The Times. The group is labeled “… and you thought 4chan was full of trolls,” referring to the anonymous online message board known for hate speech and radicalizing some of the gunmen behind mass shootings.

In April, a Kraken employee posted a video internally on a different Slack group that set off the latest fracas. The video featured two women who said they preferred $100 in cash over a Bitcoin, which at the time cost more than $40,000. “But this is how female brain works,” the employee commented.

Mr. Powell chimed in. He said the debate over women’s mental abilities was unsettled. “Most American ladies have been brainwashed in modern times,” he added on Slack, in an exchange viewed by The Times.

His comments fueled a furor.

“For the person we look to for leadership and advocacy to joke about us being brainwashed in this context or make light of this situation is hurtful,” wrote one female employee.

“It isn’t heartening to see your gender’s minds, capabilities, and preferences discussed like this,” another wrote. “It’s incredibly othering and harmful to women.”

“Being offended is not being harmed,” Mr. Powell responded. “A discussion about science, biology, attempting to determine facts of the world cannot be harmful.”

At a companywide meeting on June 1, Mr. Powell was discussing Kraken’s global footprint, with workers in 70 countries, when he veered to the topic of preferred pronouns. It was time for Kraken to “control the language,” he said on the video call.

“It’s just not practical to allow 3,000 people to customize their pronouns,” he said.

That same day, he invited employees to join him in a Slack channel called “debate-pronouns” where he suggested that people use pronouns based not on their gender identity but their sex at birth, according to conversations seen by The Times. He shut down replies to the thread after it became contentious.

Mr. Powell reopened discussion on Slack the next day to ask why people couldn’t choose their race or ethnicity. He later said the conversation was about who could use the N-word, which he noted wasn’t a slur when used affectionately.

Mr. Powell also circulated the culture document, titled “Kraken Culture Explained.”

“We Don’t Forbid Offensiveness,” read one section. Another said employees should show “tolerance for diverse thinking”; refrain from labeling comments as “toxic, hateful, racist, x-phobic, unhelpful, etc.”; and “avoid censoring others.”

It also explained that the company had eschewed vaccine requirements in the name of “Krakenite bodily autonomy.” In a section titled “self-defense,” it said that “law-abiding citizens should be able to arm themselves.”

“You may need to regularly consider these crypto and libertarian values when making work decisions,” it said.


...

https://www.nytimes.com/2022/06/15/t...o-culture.html
Letterlijk alle vakjes aangetikt.
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Old 16-06-2022, 16:39   #5136   link
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Old 16-06-2022, 17:55   #5137   link
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Old 16-06-2022, 23:26   #5138   link
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Crypto hedge fund Three Arrows fails to meet lender margin calls

Three Arrows Capital failed to meet demands from lenders to stump up extra funds after its digital currency bets turned sour, tipping the prominent crypto hedge fund into a crisis that comes as a credit crunch grips the industry.

The group’s failure to meet margin calls this past weekend makes the group the latest victim of an acute fall in the prices of many tokens like bitcoin and ether that is rippling across the market. Singapore-based Three Arrows is among the biggest and most active players in the crypto industry with investments across lending and trading platforms.

Lenders have sharply tightened up how much credit is on offer following tremors over the past month. Celsius, a major crypto financial services company, blocked withdrawals last week, while a pair of major tokens collapsed in May.

US-based crypto lender BlockFi was among the groups that liquidated at least some of Three Arrows’s positions, meaning it reduced its exposure by taking collateral the fund had put down to back its borrowing, according to people familiar with the matter.

Three Arrows, which made a “strategic” investment in BlockFi in 2020, had borrowed bitcoin from the lender, the people said, but had been unable to meet a margin call. One of the people said the liquidation had occurred by mutual consent.

“We are in the process of communicating with relevant parties and fully committed to working this out,” said Su Zhu, Three Arrows co-founder, on Twitter on Wednesday, without specifically identifying any counterparty. The company did not respond to a request for comment.

Yuri Mushkin, BlockFi’s chief risk officer, said the group “can confirm that we exercised our best business judgment recently with a large client that failed to meet its obligations . . . We believe we were one of the first to take action with this counterparty.”

He added that BlockFi had held collateral in excess of the size of the loan.

“BlockFi’s prudent and proactive risk management is for the benefit of our broader client base and allows us to remain open for business during times of market stress,” Mushkin said.

The troubles at Three Arrows ricocheted to Finblox, a platform that offers traders 90 per cent annualised yields to lend out their crypto. Finblox, which is backed by venture capitalist firm Sequoia Capital and received an investment from Three Arrows, reduced its withdrawal limits by two-thirds late on Thursday London time, citing the situation at the hedge fund.

Three Arrows, run by Zhu and his co-founder Kyle Davies, is known for its bullish levered bets on crypto. Zhu had espoused a “supercycle” view of crypto, in which increasing mainstream adoption meant prices would continue rise without falling back into a near-term bear market.

Last month, he acknowledged the current sell-off had proved him wrong. “Supercycle price thesis was regrettably wrong, but crypto will still thrive and change the world every day,” Zhu tweeted in late May.

“They were really big and really active. They went into some enormous positions,” said David Siemer, chief executive of Wave Financial, a digital asset manager. He added that major crypto firms across the space likely had exposure to Three Arrows: “They worked with everybody.”

Three Arrows was mainly, if not exclusively, managing Zhu and Davies’ own capital, according to industry sources. One person who has spoken with the managers in recent months said they were told the fund’s total value was $4bn. Blockchain analytics firm Nansen has previously estimated the funds assets at $10bn.

Another person, who works at a crypto trading firm, said they had been unable to reach Three Arrows in recent days. “They’re not responding to anyone,” they said.

Among Three Arrows’s big bets was luna, the sister token to the algorithmic stablecoin terra. Both imploded in May, going to zero, a market shattering event that turned what had been months of steady declines in crypto prices into a more dramatic rout.

The fund had holdings in a variety of crypto ventures whose tokens have performed badly in recent months, including Avalanche, Solana and the game Axie Infinity, all of which are down around 90 per cent since their November peaks.

Three Arrows was also the biggest investor in units of the Grayscale bitcoin trust, GBTC, according to FactSet data. GBTC currently trades at a 30 per cent discount to the price of bitcoin as the US Securities and Exchange Commission has thus far declined to approve it as an exchange-traded fund that would be open to retail investors.

Until early 2021, GBTC had traded at a premium to the price of bitcoin. That offered an arbitrage opportunity for funds like Three Arrows which could borrow bitcoin, deposit it with Grayscale in return for GBTC units, which could then be sold at a profit on the open market. Grayscale does not allow redemptions of GBTC for the underlying bitcoin.

Three Arrows owned almost 39mn units of GBTC at the end of 2020 then worth $1.2bn, according to its last report to the SEC in January 2021. The same position today would be valued at just $550mn.

Michael Sonnenshein, CEO of Grayscale said he had no knowledge of Three Arrows’ trades, but added: “There are players here that have employed too much leverage . . . a major correction in prices is sending shockwaves through the ecosystem”.

https://12ft.io/proxy?q=https%3A%2F%...b-9f4ceab3de71
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Old 17-06-2022, 13:07   #5139   link
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Dear Customers,

Recently, the crypto market has seen major fluctuations, and some institutions in the industry have experienced conductive risk events. Due to the current situation, Babel Finance is facing unusual liquidity pressures. We are in close communication with all related parties on the actions we are taking in order to best protect our customers. During this period, redemptions and withdrawals from Babel Finance products will be temporarily suspended, and resumption of normal service be notified separately. We apologize sincerely for any inconvenience caused.

Babel Finance

Another one bites the dust.
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Old 17-06-2022, 20:02   #5140   link
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Crypto lender BlockFi struggles to raise cash despite discount: source

Crypto lender BlockFi is struggling to raise cash despite offering to take a steep discount on its valuation, raising the risk that it could be forced into a financial restructuring, The Post has learned.

The Jersey City, NJ based startup, which last fall raised $400 million in a funding round that valued the company at $5 billion, has for at least a month been trying to raise $100 million at a valuation of just $1 billion — a haircut that amounts to 80% over half a year, according to sources briefed on the situation.

BlockFi’s advisor JPMorgan pitching the deal as a massive bargain, and has reached out to prospective investors this week that already said they were not interested in participating in the round, a source said.

Nevertheless, insiders say investors have grown increasingly concerned the firm could soon end up like crypto lender Celsius Network, which this week hired restructuring advisors after freezing all withdrawals, swaps and transfers last week because of market volatility, a source close to the situation said.

“This could be the next one,” the source said, referring to BlockFi.
Heel het ecosysteem is aan het imploderen.
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