It's starting?? Prolly nothing... https://bitcoinmagazine.com/business/southland-credit-union-nydig-partner-for-bitcoin-services SOUTHLAND CREDIT UNION TO ENABLE BITCOIN PURCHASES IN PARTNERSHIP WITH NYDIG The credit union will use NYDIG’s custody platform and infrastructure to enable its customers to buy, sell and hold bitcoin, but users cannot transfer bitcoin. Bitcoin purchases were enabled through a partnership with bitcoin bank NYDIG, which specializes in offering infrastructure to companies and institutions looking to broker bitcoin services to their customers. Users will be able to buy, sell and hold their bitcoin in NYDIG’s custodial platform. However, currently users cannot transfer bitcoin from one wallet to another through the NYDIG’s service. But, users can still sell their bitcoin and withdraw the funds if they wish. The Los Alamito-based credit union is celebrating the release of this newest feature by offering a limited-time promotion. Southland Members that enroll for the service before October 18 will receive $5 in free bitcoin. “After the successful launch of our enhanced digital banking services in 2021, Southland made a commitment to continue delivering cutting-edge technologies to our Members,” said Southland president and CEO, Tom Lent. “Credit unions like Southland have an opportunity to provide safe and accessible cryptocurrency services to our Members, and we are excited to integrate this technology into our digital banking platform.” NYDIG was thrilled to partner with another institution in the region as it continues to fulfill its objective. “NYDIG is thrilled to partner with the forward-thinking team at Southland,” said Rahm McDaniel, head of banking solutions at NYDIG. “As the second credit union in the Southern California area to launch bitcoin services with NYDIG, this partnership is monumental for the wider adoption of bitcoin, and marks one more step towards NYDIG’s vision of bitcoin for all.”
This board's content is shriveling rapidly. Soon it'll be nothing but day-old accounts posting about the Great Reset/economic collapse, and johnarb posting random crypto news.
Southland Credit Union is headquartered in Los Alamitos and is the 59th largest credit union in the state of California. It is also the 407th largest credit union in the nation. It was established in 1944 and as of March of 2022, it had grown to 149 employees and 61,257 members at 8 locations. Southland Credit Union has a B+ health rating. Field of Membership Restrictions Membership in Southland Credit Union is open to those who live, work, worship, or attend school in the California counties of Los Angeles or Orange. Health B+ Data as of Q1 2022 Health Grade Components Overall NCUA # 68415 Year Chartered 1944 Employees 149 Primary Regulator Profit Margin Return on Assets - YTD 0.48% Return on Equity - YTD 6.28% Annual Interest Income $6.8MM Assets and Liabilities Assets Q1 2022vs Q1 2021 $1.04B$1.05B Loans Q1 2022vs Q1 2021 $605.3MM$513.0MM Deposits Q1 2022vs Q1 2021 $915.8MM$851.3MM Equity Capital Q1 2022vs Q1 2021 $79.9MM$92.3MM Loan Loss Allowance Q1 2022vs Q1 2021 $3.2MM$4.0MM Unbacked Noncurrent Loans Q1 2022vs Q1 2021 $2.6MM$810.00K Real Estate Owned Q1 2022vs Q1 2021 $0$0
Is it the start of hundreds of millions of US bank customers being able to buy Bitcoins?? https://www.cnbc.com/2021/05/05/bit...reds-of-us-banks-says-crypto-firm-nydig-.html https://www.elitetrader.com/et/thre...s-year-says-crypto-custody-firm-nydig.358382/
"This is why crypto will succeed since it is not a Ponzi scheme" Most of the litigation doesn't frame it as a Ponzi scheme and frames it as a Pyramid scheme The slew of bankruptcies will likely lead to requests for clawbacks. All the real money will be made by the legal community.
Well that's what most here see it as is a Ponzi. If you want to get technical about it you can call any investment company a pyramid scheme, and Bitcoin is 100% legal.
Crypto Lawsuit Deluge Has Big Firms Scrambling to Keep Up https://news.bloomberglaw.com/busin...t-explosion-has-big-law-scrambling-to-keep-up The IRS says it's a taxable collectible. SEC will eventually create rules - still yet to approve anything presented. FDIC - still not legal CFTC-regulated platforms, trade the nominal number and firms may do an exchange for physical, but only one has occurred in a decade. They've replaced the CPAP litigation ads with Bitcoin litigation ads on late-night TV. It may be legal shortly, but it looks much different. Is much of the litigation frivolous and based on the price drop? Sure, but much of the litigation was filed prior. Legal as a collectible. But so is a dog index.