Page 407 of 424 FirstFirst ... 402 403 404 405 406 407 408 409 410 411 412 ... LastLast
Results 10,151 to 10,175 of 10593
  1. #10151
    Join Date
    Jan 2010
    Location
    2 hours from anything
    Posts
    9,849
    Quote Originally Posted by 4matic View Post
    ďAssets?Ē Like leveraged loans? Itís all one giant derivative contract. Itís completely opaque what they actually have in reserve.
    My (very limited) understanding is that people either put $usd into Celsius or contributed bitcoin and other crypto. So the assets would be crypto currency.

  2. #10152
    Join Date
    Jan 2010
    Location
    2 hours from anything
    Posts
    9,849
    Quote Originally Posted by dunfree View Post
    some of the bailout proposals for other crypto corps have preferred equity to customer accounts.
    No shit, they have lower priority than equity!? Thatís fucking nuts, although I guess it makes sense given the advertised returns.

  3. #10153
    Join Date
    Jun 2020
    Posts
    1,700

  4. #10154
    Join Date
    Nov 2002
    Location
    Cloud City
    Posts
    8,247
    More rumors and hearsay, nice catch.
    Live each season as it passes; breathe the air, drink the drink, taste the fruit, and resign yourself to the influences of each.
    Henry David Thoreau

  5. #10155
    Join Date
    Jan 2005
    Location
    Access to Granlibakken
    Posts
    10,001
    Quote Originally Posted by shera View Post
    More rumors and hearsay, nice catch.
    Other than getting clicks, why do you feel The Block would lie about the two sources behind the story?
    Improve your AT boots with the StrapOff. Itís Maggot Approved.

  6. #10156
    Join Date
    Oct 2003
    Location
    9,300ft
    Posts
    20,214
    That just sounds horrible for all the folks who have their $ held hostage hope they get it back or that there is at least justice meted out
    Quote Originally Posted by blurred
    skiing is hiking all day so that you can ski on shitty gear for 5 minutes.

  7. #10157
    Join Date
    Nov 2002
    Location
    Cloud City
    Posts
    8,247
    Quote Originally Posted by frorider View Post
    Other than getting clicks, why do you feel The Block would lie about the two sources behind the story?
    I guess I'm just impatient for verifiable facts.
    Live each season as it passes; breathe the air, drink the drink, taste the fruit, and resign yourself to the influences of each.
    Henry David Thoreau

  8. #10158
    Join Date
    Mar 2006
    Posts
    18,803
    CEL token is still up 300% from 2019 so thereís hope I suppose. Still way outperformed stonks. Right?

  9. #10159
    Join Date
    Mar 2006
    Posts
    18,803
    The blockfi acquisition looks like a foreclosure.

  10. #10160
    Join Date
    Mar 2006
    Posts
    18,803
    Bankman-Fried is like the old Warren Buffett. He can buy these failing companies and squeeze enough cash flow out of them while strengthening his other businesses.

  11. #10161
    Join Date
    Nov 2002
    Location
    Cloud City
    Posts
    8,247
    A blog post/update from Celsius

    Across Celsius today, we are focused and working as quickly as we can to stabilize liquidity and operations, in order to be positioned to share more information with the community. We are operating with the entire community and all clients in mind as we work through these challenging times.

    We continue to take important steps to preserve and protect assets and explore options available to us. These options include pursuing strategic transactions as well as a restructuring of our liabilities, among other avenues. These exhaustive explorations are complex and take time, but we want the community to know that our teams are working with experts from many different disciplines.

    Our relationship with the community and our clients has been a source of pride for all team members at Celsius, and we will continue to share information with our customers as and when it becomes appropriate.


    https://blog.celsius.network/across-...y-c71b29513a9b
    https://twitter.com/CelsiusNetwork/s...50066019282944
    Live each season as it passes; breathe the air, drink the drink, taste the fruit, and resign yourself to the influences of each.
    Henry David Thoreau

  12. #10162
    Join Date
    Jan 2008
    Posts
    7,828
    Quote Originally Posted by 4matic View Post
    The blockfi acquisition looks like a foreclosure.
    $25 Million. With an M.

  13. #10163
    Join Date
    Jun 2020
    Posts
    1,700
    Quote Originally Posted by shera View Post
    A blog post/update from Celsius

    Across Celsius today, we are focused and working as quickly as we can to stabilize liquidity and operations, in order to be positioned to share more information with the community. We are operating with the entire community and all clients in mind as we work through these challenging times.

    We continue to take important steps to preserve and protect assets and explore options available to us. These options include pursuing strategic transactions as well as a restructuring of our liabilities, among other avenues. These exhaustive explorations are complex and take time, but we want the community to know that our teams are working with experts from many different disciplines.

    Our relationship with the community and our clients has been a source of pride for all team members at Celsius, and we will continue to share information with our customers as and when it becomes appropriate.


    https://blog.celsius.network/across-...y-c71b29513a9b
    https://twitter.com/CelsiusNetwork/s...50066019282944
    Feels good to be part of a community!

  14. #10164
    Join Date
    Mar 2006
    Posts
    18,803

    Bitcoin....who's gotten into it?

    Quote Originally Posted by JimmyCarter View Post
    $25 Million. With an M.
    On a $5b (thatís billion) valuation from 3 months ago?

    Foreclosing on the $250 million loan

  15. #10165
    Join Date
    Nov 2011
    Location
    Missoula
    Posts
    337
    How is what's happening in crypto right now any different than the bank runs of the late 1800s? They even had their own tokens back then called bank notes.

  16. #10166
    Join Date
    Aug 2016
    Location
    关你屁事
    Posts
    7,244
    Quote Originally Posted by RoooR View Post
    How is what's happening in crypto right now any different than the bank runs of the late 1800s? They even had their own tokens back then called bank notes.
    like the 1907 Bankers Panic that lead to the creation of the Federal Reserve, and SBF is cosplaying JPMs role? Major difference so far seems to be not much actual interplay between crypto and other things; those panics had speculative instruments that were also large corps - like Tennessee Iron that got merged into US steel

  17. #10167
    Join Date
    Feb 2005
    Posts
    17,444
    Quote Originally Posted by mee03b View Post
    Thnks for shering.
    Funny, but reported post, but still funny.
    Is it radix panax notoginseng? - splat

  18. #10168
    Join Date
    Oct 2003
    Posts
    1,226
    The new issue of Bloomberg Business Week.. " the heist issue ". Its mostly articles about large scams/ fraud/ thefts.. The entire issue is well worth reading, especially the article about crypto theft.
    what's so funny about peace, love, and understanding?

  19. #10169
    Join Date
    Nov 2002
    Location
    Cloud City
    Posts
    8,247
    Well I bought bitcoin today, under $20k. Not sure if the low is in, but stay the course.

    Also bought chainlink. I've reached my goal and brought my cost basis way down from $10. Haven't decided what to do next, part of me wants to keep buying as long as it's down.
    Live each season as it passes; breathe the air, drink the drink, taste the fruit, and resign yourself to the influences of each.
    Henry David Thoreau

  20. #10170
    Join Date
    Jun 2020
    Posts
    1,700
    Donít worry Community, weíre going to be stable and liquid any day now!!!!

    https://blog.celsius.network/across-...y-c71b29513a9b

    (FYI, theyíre going to stabilize by taking your money, they just canít say that yet.)

  21. #10171
    Join Date
    Nov 2002
    Location
    Cloud City
    Posts
    8,247
    Just got this email from Voyager (I don't have any funds there)

    Today we made the difficult decision to temporarily suspend trading, deposits, withdrawals, and loyalty rewards. The app will be down for a short transition period. After that, you will still be able to view market data and track your portfolio, and you will receive rewards payments for the month of June.

    Live each season as it passes; breathe the air, drink the drink, taste the fruit, and resign yourself to the influences of each.
    Henry David Thoreau

  22. #10172
    Join Date
    Mar 2006
    Posts
    18,803
    ďTrack your portfolioĒ.

  23. #10173
    Join Date
    Dec 2016
    Location
    In a van... down by the river
    Posts
    10,085
    Quote Originally Posted by 4matic View Post
    ďTrack your portfolioĒ.
    Don't forget viewing market data! That's importanter...

  24. #10174
    Join Date
    Mar 2006
    Posts
    18,803

    Bitcoin....who's gotten into it?

    Considering the news BTC is holding up pretty well. Maybe the liquidation sales have mostly been made.

    Iím hearing more about unmet margin calls. I canít see any path for these unregulated exchanges to collect. Thatís why regulated exchanges have clearing and a broker in the accountability chain.

  25. #10175
    Join Date
    Dec 2005
    Location
    STL
    Posts
    11,596
    Quote Originally Posted by 4matic View Post
    Considering the news BTC is holding up pretty well. Maybe the liquidation sales have mostly been made.

    Iím hearing more about unmet margin calls. I canít see any path for these unregulated exchanges to collect. Thatís why regulated exchanges have clearing and a broker in the accountability chain.
    How the fuck is this crap not regulated.
    This last yr. Or two, these firms have been trading against customer collateral.




    Sent from my iPhone using TGR Forums

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •