So this happened - the New York Stock Exchange (NYSE) as it has officially applied to register as marketplace for NFTs, crypto products, and metaverses. The exchange filed with the US Patent and Trademark Office on the 10th February for a trademark license that would allow it to launch the aforementioned products. Times are changing, that much is clear.
prolly nothing... https://cryptobriefing.com/kraken-ceo-warns-users-to-get-your-coins-out-of-centralized-exchanges/ Kraken CEO Warns Users to “Get Your Coins Out” of Centralized Exchanges by Timothy Craig 5 hours ago The Canadian government’s unprecedented seizure of its citizens' bank accounts has spurred Jesse Powell to speak out. Cover image from Pixabay Key Takeaways Kraken CEO Jesse Powell has criticized the Canadian government for seizing funds from Freedom Convoy protestor's bank accounts. Powell told users on Twitter to “get your coins out” of centralized exchanges after revealing Kraken would be forced to comply with any seizure requests. While Canadian authorities are able to block crypto transfers to centralized exchanges, peer-to-peer transactions remain uncensorable. Kraken CEO Jesse Powell has slammed the Canadian government’s decision to seize funds from its citizens’ bank accounts without due process. He revealed that Kraken would be forced to comply with asset seizure requests and warned users to get their coins and cash off centralized exchanges. Kraken CEO Speaks Out Jesse Powell has come out in opposition to the Canadian government. In a tweet posted Thursday evening, the Kraken CEO criticized the recent emergency orders from the Justin Trudeau’s government that enable authorities to seize funds from Canadian citizens’ bank accounts without court orders. By invoking the Emergencies Act, the Canadian government aims to cut off funding to the Freedom Convoy protestors, who have blocked several key transit routes in protest of the country’s ongoing Covid-19 mandates. “Due process is for plebs. Might makes right in Canada,” Powell stated, referring to how the Canadian government is willing to bypass due process and allow the seizure of funds without a court order. The Deputy Prime Minister Chrystia Freeland revealed in a statement to the press Thursday that the Canadian government had started freezing bank accounts, seizing funds, and canceling the financial services of individuals linked to the Freedom Convoy protests. In a follow-up tweet, Powell warned that Kraken and other centralized crypto exchanges would be forced to comply with law enforcement if asked to freeze deposits from certain crypto addresses. In response to user @degderat asking if Kraken would be put in a position where it is told to freeze assets by the police without judicial consent, Powell responded: “100% yes it has/will happen and 100% yes, we will be forced to comply. If you’re worried about it, don’t keep your funds with any centralized/regulated custodian. We cannot protect you. Get your coins/cash out and only trade p2p [peer-to-peer].” Earlier Thursday, Canadian authorities issued an order that blacklisted 34 crypto wallets linked to the Freedom Convoy. The wallets in question contain approximately $1.4 million worth of cryptocurrency. According to statements from the Royal Canadian Mounted Police, any funds sent from the wallets to FINTRAC-regulated exchanges would be immediately frozen. Powell is the latest prominent figure in the crypto space to speak out against the Canadian government’s decision to seize funds from its citizen’s. On Tuesday, Coinbase CEO Brian Armstrong also tweeted his concerns over the recent developments in Canada while highlighting the importance of keeping crypto funds in a self-custodial wallet. Others, such as Bitcoin analyst Plan B, have speculated that the situation in Canada could lead to another “Cyprus moment” for Bitcoin. In 2013 the price of the top cryptocurrency shot up when the Cyprus financial crisis led to fears of a run on the banks. While a run on Canada’s banks currently looks unlikely, the recent bank account seizures from the Canadian government have highlighted the importance of decentralized monetary systems, both to those in the crypto space and onlookers from the general public. While Canadian authorities are able to block crypto transfers to centralized exchanges, peer-to-peer transactions of Bitcoin and Ethereum remain uncensorable.
It's amazing to see the CEO of a company publicly state this when it may very well harm his own business. Just goes to show that he has integrity and is passionate about crypto versus being in it to just make a dollar.
Well, here's to liquidating everything on BSC and going tribal on FTM. I've gone full degen on tomb forks; T|2|3omb, Based, ProtoFi, Partial, Ripae, MyChickenFarm <- lol and started to degen leverage stables through Geist and Tarot. There is so much opportunity, it can be overwhelming. The discords have been very helpful, such a different culture. Thanks so much @johnarb for mentioning it earlier, it's been a lot of fun playing with these money legos!
Bro, there's is so much in your post, and it's very very exciting but besides the 2 of us, I don't think any on ET has any clue!! ok, full disclosure, I've been derisking for several days by collecting rewards and converting to stablecoins due to risk-off environment in the "markets" (stock market and cryptos) Fed bullsh*t talks of rate hikes and qt and then the Ukraine, fine, I'll collect my rewards and not compound them It's amazing!! I feel like I have 2 geese (2omb Boardroom and LP farm) laying golden eggs every day (well, technically I collect twice a day, lol) WTF, printing money Brrr!! Well, technically, that's what Basis cash, Tomb and Tomb forks are about, like central banks, they print money (seigniorage projects), except money that is more valuable than fiat currencies, money that is crypto digital assets!! I was on Twitter spaces yesterday, forgot who was hosting it, but ThisRisky (2omb/3omb project lead) was talking with a bunch of Tomb forks devs and communities (no Harry Yeh, lol) and Tomb forks are going multi-chain partnerships, Kitty Finance on Avalanche and this one is interesting https://polarisfinance.io/ But, at this time, I am just focused on collecting rewards money printer go brrr on 2omb. I'm not even touching 3omb money printer Very happy with the risk/reward of 2omb and everything staked are all profits, anyway. I might throw $10K worth on a new Tomb fork genesis pool if the devs are trustworthy Anyway, just a caution on Tarot that if you deposit, you might get locked even if you're getting a high APY, 100% borrowed utilization won't allow you to withdraw unless you can time someone depositing. Someone on Discord mentioned he could not withdraw his 2shares on Tarot Also, not a fan of depositing and borrowing to buy more assets, basically leverage, but it's just me, I try to play it safe with cryptos, which has high enough volatility there's no need for leverage Imho, Tomb being being unable to keep above peg all the time is because their community is highly leveraged on Tarot and always selling Tomb and has to wait for Harry Yeh to push Tomb back to peg and above peg so they can print 2omb has been above peg is because community and LP farms and now with 3omb, even more dynamics at play to keep 2omb and 3omb above peg plus partnerships Keeping the money printer going full brrr 24/7 I was looking at Geist today, I have a well over 6 figures of stablecoins so it's an interesting project on the Fantom, like a young version of AAVE
Thanks for the writeup. Yeah, it's a different culture here for sure. I'm in the same mode of de-risking, except for this experimentation with earning on stables (and collecting blue chip nifties). I'm on 5x leverage on this position but sweeping rewards daily to repay and reduce risk. FTM would have to double or half for it to get liquidated. I have enough stables on both Geist and Tarot to unwind it. Now out to figure out how to automate it. well,... also building a long on OXD - lot's of faith in what Andre's been up to.
*** Post is for entertainment purposes only Weird feeling that Bitcoin has been relatively calm. Yea, it's below $40K (around $38K at the time of this writing) but I'm not getting a feeling of despair or nervousness on Crypto Twitter NFT's are doing well, and the one defi project I'm in is doing ok, too Just a personal prediction, but I think Bitcoin and cryptos rip up higher once the war in Ukraine starts NFA, and personally, I've been derisking just in case we do get a bear market, btc looks good at this level but would not mind a bigger discount I saw this tweet and puts things into perspective on how well bitcoin and cryptos are doing comparatively