Episode Details

22nd Nov 💥 Crypto lender Genesis bankruptcy? 🚨 Stablecoins: A safe haven for cryptocurrency! Stablecoins account for 98.15% of the total crypto market volume. (Not ideal) 🔻Crypto brokerage Genesis founded in 2013 is said to warn of Bankruptcy without funding. Bloomberg article states that Genesis executives spent the weekend seeking to line up financing. It is struggling to raise fresh cash for its lending unit, and it’s warning potential investors that it may need to file for bankruptcy if its efforts fail Article here https://lnkd.in/d4kJXUXR Legit or just FUD as the article does not mention any names. But where there is smoke there is always fire & there has been no tweet from their official Twitter account since the 16th. 📊 Glassnode weekly insights here https://lnkd.in/dacJrpKd confirm uncertainty looms amongst whales and old hands. The FTX fallout has shaken the confidence and financial position of whales and Bitcoin’s old hands The weekly insights focus on: - Exchange outflows, which have continued to break historical records. - Whales who are more than likely underwater on their position in aggregate. -Long-term holders, are currently spending coins at a historically significant rate 📊 CoinShares weekly blog via Medium states Short investment product inflows represented 75% of the total inflows & Ethereum saw the largest inflows on record into short-Ethereum investment products totalling US$14m. Blog here https://lnkd.in/djitgf4V 🏦JPMorgan Chase & Co. the banking behemoth plans to provide users with electronic transfers of virtual currencies via a global computer network Michael Kondoudis has mentioned via Twitter a snapshot of its application https://lnkd.in/d6uQ6jGD They have registered trademarks for: - Virtual currency transfer + exchange - Crypto payment processing - Virtual checking accounts - Financial services 💰 U-Today article mentions that JPMorgan proposed a Bitcoin-style payment system all the way back in 2013. In 2018, it filed a patent for a peer-to-peer payment system that would use blockchain for intra- and inter-bank settlements. https://lnkd.in/dCMVsKDJ FTX update: 💡 US Senate committee has scheduled the FTX hearing for Dec. 1, U.S. U.S. Commodity Futures Trading Commission chair Rostin Behnam will be one of the witnesses in a hearing exploring the collapse of crypto exchange FTX. Tweet here https://lnkd.in/dBarHbZd Senate Ag Committee (Demorats + Republicans) will hold a hearing about the FTX collapse and the need for congressional action. ✅ OpenNode just tweeted that they have partnered with WooCommerce & it is officially a preferred #Bitcoin payment provider for the over FOUR MILLION merchants on the WooCommerce platform. OpenNode uses Lightning Network & makes it easy to accept bitcoin payments or send bitcoin payouts while gaining access to a global user base. Two UAE news (See slides) For slides click here https://tinyurl.com/4eaetwz2 For slides click here: https://tinyurl.com/4mpxycsp LinkedIn Profile: https://tinyurl.com/569zh78j The Podcast links with our commentary here ⚡ Anchor: https://bit.ly/3Po8eio ⚡ Spotify: https://spoti.fi/3y3Fapq ⚡ Google: https://bit.ly/3ysvrL0 ⚡ Anghami: https://bit.ly/3AiLNp5 ⚡ Podbean: https://bit.ly/3TqrsX1 To help support the channel click the links below ⚡ Buy me Coffee: https://www.buymeacoffee.com/info36 ⚡Startup Oi Link here: https://bit.ly/3f46zC5 ⚡Global Blockchain Congress Link: https://platform.agoragroup.ae/apply/43 ⚡Leder Wallet! Link https://shop.ledger.com?r=ae54df359c4d ⚡Spartan World Championship https://sprtn.im/3EutG37 For 15% Discount Use Promo Code: WCAMB-6191A ⚡Tough Mudder Arabia https://bit.ly/3rKGoDe Use Promo Code: George25 for a 25% discount Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6 #blockchain #blockchaindxb #dogecointothemoon