61–70 of 598 posts
I'm pretty anti-crypto, but tested the water with Voyager USDC because of the absurd APY. Took my money and ran when Celsius hinted at having issues, luckily. Funnily enough there was some amount, less than a dollar IIRC, left in Voyager when they folded. I received an email telling me it was being taken over by...Binance. Never bothered to login and even check it. Guess it really is scams all the way down.
I'm honestly curious, at first glance this looks that could potentially affect cryptocurrencies in a sizable way downwards. I checked CoinMarketCap and it seems that the trend is comparatively stable. Can someone explain this? Please do take into account that I'm not very well versed with cryptocurrencies and I usually need an explainer in several financial concepts.
I'm pretty anti-crypto, but tested the water with Voyager USDC because of the absurd APY. Took my money and ran when Celsius hinted at having issues, luckily. Funnily enough there was some amount, less than a dollar IIRC, left in Voyager when they folded. I received an email telling me it was being taken over by...Binance. Never bothered to login and even check it. Guess it really is scams all the way down.
The USP of cryptocurrency is the ability to self-custody. If you sent your money to a company like Voyager, instead of controlling your keys yourself, you missed the point.
I'm honestly curious, at first glance this looks that could potentially affect cryptocurrencies in a sizable way downwards. I checked CoinMarketCap and it seems that the trend is comparatively stable. Can someone explain this? Please do take into account that I'm not very well versed with cryptocurrencies and I usually need an explainer in several financial concepts.
Binance is an exchange, and exchanges are not needed for cryptocurrency to work. They just make it easier to enter/exit the ecosystem.
I'm pretty anti-crypto, but tested the water with Voyager USDC because of the absurd APY. Took my money and ran when Celsius hinted at having issues, luckily. Funnily enough there was some amount, less than a dollar IIRC, left in Voyager when they folded. I received an email telling me it was being taken over by...Binance. Never bothered to login and even check it. Guess it really is scams all the way down.
Binance walked away from that deal like twice
In March they asked us to sign up with Binance who would take over the accounts.
In April they said the Binance thing was off.
Since April, they just keep sending chapter 11 restructuring projections.
Earlier quoted context omitted.
For the casual bystander with crypto parked in Coinbase vaults, and maybe some eth staked - what's the consensus among those more knowledgeable? Move assets now or just stay the course? It doesn't look like anyone is going to outright lose assets - but perhaps not the able to withdraw for some period of time?
Self-custody is the way to go. Send your assets to a private key you control. Not your keys, not your coin. I sleep like a baby no matter what sketchy exchange is in the news any given week.
“Tortilla! Not your keys, not your coin! Eat your vegetables.”
I'm pretty anti-crypto, but tested the water with Voyager USDC because of the absurd APY. Took my money and ran when Celsius hinted at having issues, luckily. Funnily enough there was some amount, less than a dollar IIRC, left in Voyager when they folded. I received an email telling me it was being taken over by...Binance. Never bothered to login and even check it. Guess it really is scams all the way down.
The USP of cryptocurrency is the ability to self-custody. If you sent your money to a company like Voyager, instead of controlling your keys yourself, you missed the point.
Earlier quoted context omitted.
For the casual bystander with crypto parked in Coinbase vaults, and maybe some eth staked - what's the consensus among those more knowledgeable? Move assets now or just stay the course? It doesn't look like anyone is going to outright lose assets - but perhaps not the able to withdraw for some period of time?
Self-custody is the way to go. Send your assets to a private key you control. Not your keys, not your coin. I sleep like a baby no matter what sketchy exchange is in the news any given week.
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