xuanling11Crypto Paycheck
Photo by Mario Gogh on UnsplashEmployees will receive their paycheck in the period as a reward for their work. However, the employer wants to pay less to employees so that they can have maximum profits. The tension between working and anti-working has increased ever since. TL;DR Nobody wants to work unless they can pay fairly. Fiat payment may not be sustainable to satisfy what workers can contribute if the employer continues paying less and gaining more from profits. Employees will want thei...
xuanling11Defi Review #4: AAVE The Defi Lending Services
AAVE is a decentralized finance lending service before decentralized finance even existed. It is an innovation lending service in crypto and one of the first kind. However, the lending service may only restrict to the crypto community and it may expand into the traditional financial field later. TL;DR AAVE is a crypto lending financial service which to provides lending services to the crypto community. They focus on security and smart contract lending may be the future of financial services. ...
xuanling11Stablecoin Crisis
Stablecoin is in the crisis mode. The most reputable stablecoin USDC is depegged. It is all triggered by the traditional bank collapse - Silicon Valley Bank or SVB collapse. Why traditional bank collapse impacts crypto stablecoin? Let's sort this out and reveal how stablecoin operates. First, why SVB collapse? The short answer is overleveraged. SVB is one of the 20 largest commercial banking in the United States. Some even estimate the bank owned half of startup assets. Bank operated in ...
xuanling11Crypto Paycheck
Photo by Mario Gogh on UnsplashEmployees will receive their paycheck in the period as a reward for their work. However, the employer wants to pay less to employees so that they can have maximum profits. The tension between working and anti-working has increased ever since. TL;DR Nobody wants to work unless they can pay fairly. Fiat payment may not be sustainable to satisfy what workers can contribute if the employer continues paying less and gaining more from profits. Employees will want thei...
xuanling11Defi Review #4: AAVE The Defi Lending Services
AAVE is a decentralized finance lending service before decentralized finance even existed. It is an innovation lending service in crypto and one of the first kind. However, the lending service may only restrict to the crypto community and it may expand into the traditional financial field later. TL;DR AAVE is a crypto lending financial service which to provides lending services to the crypto community. They focus on security and smart contract lending may be the future of financial services. ...
xuanling11Stablecoin Crisis
Stablecoin is in the crisis mode. The most reputable stablecoin USDC is depegged. It is all triggered by the traditional bank collapse - Silicon Valley Bank or SVB collapse. Why traditional bank collapse impacts crypto stablecoin? Let's sort this out and reveal how stablecoin operates. First, why SVB collapse? The short answer is overleveraged. SVB is one of the 20 largest commercial banking in the United States. Some even estimate the bank owned half of startup assets. Bank operated in ...
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Bad news, guys!
The crypto market is about to be nuked by...
https://twitter.com/Ishanb22/status/1594453238455341056
DCG or Digital Currency Group, which owned most of the Bitcoin in their portfolio, failed in their investment management.
https://twitter.com/ramahluwalia/status/1594437184437764098
The market is about to know what is exactly going on in Genesis Trading with $1B at least hole.
https://twitter.com/mayazi/status/1594325042183405568
If DCG leveraged their portfolio through Grayscale trusts and lent money to Genesis, and then all money was gone, this is another FTX disaster of their own issued token $FTT that cannot be redeemed when the market finds out.
Someone did confirm around 50% truth about their Bitcoin holdings under Coinbase.
https://twitter.com/ErgoBTC/status/1594308379182305280
But their "trust me, bro" vibe got everyone nervous.
https://twitter.com/Grayscale/status/1593737739442200578
It gives everyone a Deja Vu that SBF gave everyone before FTX collapsed...
https://twitter.com/SBF_FTX/status/1590012126701441025
The way crypto lending business was conducted is very questionable.
https://twitter.com/FatManTerra/status/1594453328393633792
We will see how it plays out for the next week...
Photo by Ant Rozetsky on Unsplash
Bad news, guys!
The crypto market is about to be nuked by...
https://twitter.com/Ishanb22/status/1594453238455341056
DCG or Digital Currency Group, which owned most of the Bitcoin in their portfolio, failed in their investment management.
https://twitter.com/ramahluwalia/status/1594437184437764098
The market is about to know what is exactly going on in Genesis Trading with $1B at least hole.
https://twitter.com/mayazi/status/1594325042183405568
If DCG leveraged their portfolio through Grayscale trusts and lent money to Genesis, and then all money was gone, this is another FTX disaster of their own issued token $FTT that cannot be redeemed when the market finds out.
Someone did confirm around 50% truth about their Bitcoin holdings under Coinbase.
https://twitter.com/ErgoBTC/status/1594308379182305280
But their "trust me, bro" vibe got everyone nervous.
https://twitter.com/Grayscale/status/1593737739442200578
It gives everyone a Deja Vu that SBF gave everyone before FTX collapsed...
https://twitter.com/SBF_FTX/status/1590012126701441025
The way crypto lending business was conducted is very questionable.
https://twitter.com/FatManTerra/status/1594453328393633792
We will see how it plays out for the next week...
Photo by Ant Rozetsky on Unsplash
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