Welcome to BeerMoneyForum.com - BIGGEST MAKE MONEY FORUM ONLINE

[Joaquin99]

To win the $10 successfully you must follow these steps (sorry for double-post)
- The referred account must maintain a >=$100 balance until 10/31/19 at 23:59:59 UTC,
- For example, Deposit crypto on 10/16/19 and maintain >= $100 balance until 10/31/19, then you would receive the $10 in BTC bonus with your October interest statement.
- You must USE the referral link in this thread, the promotion terms indicate that.

Happy Benefits!

 

[Yugocean]

the market has not interpreted it so badly because there were many people who already knew that Blockfi at any time was going to go bankrupt so surely it was already discounted for a long time, certainly good point for Ripple if that information is true for the trial

I can't say how much truth is there in this, but it is hot in the market that BlockFi has named SEC in its filing ($30 million), now SEC will also have to answer. BlockFi also want its $HOOD back from SBF.

 

[ipol12]

I can't say how much truth is there in this, but it is hot in the market that BlockFi has named SEC in its filing ($30 million), now SEC will also have to answer. BlockFi also want its $HOOD back from SBF.

Is it Blockfi the one which invested money on FTX? It's been in hot water recently but I didn't bother anything about it. I'm just too saddened on what happened on FTX, that I don't want to hear anything more negative on crypto at that time. I'm okay now, though.

 

[Yugocean]

No, BlockFi never invested it's money in FTX, actually BlockFi was fined by US courts during its winters, and FTX gave it credit to help it. Credit was to be used from FTX, and wasn't with BlockFi, and Blockfi morteged it's Robinhood shares in return. Now FTX is gone, credit is gone, BlockFi 's $Hood is gone.

 

[Riberet19]

No, BlockFi never invested it's money in FTX, actually BlockFi was fined by US courts during its winters, and FTX gave it credit to help it. Credit was to be used from FTX, and wasn't with BlockFi, and Blockfi morteged it's Robinhood shares in return. Now FTX is gone, credit is gone, BlockFi 's $Hood is gone.

In the end both sinned of very similar things, the paradox of all this remains the same You can not trust the exchanges at least until there is a relevant regulation that protects the investor to some extent, until that does not happen these things will continue to happen.

 

[ipol12]

No, BlockFi never invested it's money in FTX, actually BlockFi was fined by US courts during its winters, and FTX gave it credit to help it. Credit was to be used from FTX, and wasn't with BlockFi, and Blockfi morteged it's Robinhood shares in return. Now FTX is gone, credit is gone, BlockFi 's $Hood is gone.

Oh okay. Thanks for the explanation. I'm not sure if Blockfi asked Binance to invest by which the latter declined. Better for Binance to stay away from them. They did so much damage for crypto.

 

[Riberet19]

Oh okay. Thanks for the explanation. I'm not sure if Blockfi asked Binance to invest by which the latter declined. Better for Binance to stay away from them. They did so much damage for crypto.

I also think that all this will continue as I said above until the exchanges are regulated since they have total freedom to play with the money of the clients, the next one can be anyone because we do not know how solvent the others are.

 

[ipol12]

I also think that all this will continue as I said above until the exchanges are regulated since they have total freedom to play with the money of the clients, the next one can be anyone because we do not know how solvent the others are.

Yeah. Transparency is a must from these crypto exchanges. Others has already disclosed their funds but we are not totally sure how truthful are those. As they say, stay SAFU.

 

[Yugocean]

@Riberet19 No, If a company gets trapped in financial loss in any way, then it has to take a loan to bail itself out. FTX assisted BlockFi on terms that benefited FTX, BlockFi was under pressure, it wasn't at fault.
[h4][/h4]

 

[Yugocean]

Resource and FAQ Blogs Updated
BlockFi's next hearing is on January 9th. Prior to that, the platform published an update to its resource and FAQ blogs.
It is still not possible to respond via social media at the moment.

 

[Riberet19]

Yeah. Transparency is a must from these crypto exchanges. Others has already disclosed their funds but we are not totally sure how truthful are those. As they say, stay SAFU.

To stay safe you must have your own decentralized wallets with your own keys since it is difficult today to trust these entities, although they do audits there is a feeling of widespread distrust towards CEX in the cryptographic world, very well they must do things from now on to make it change this, As the phrase goes, trust takes years to build but only seconds to fade away.

 

[ipol12]

To stay safe you must have your own decentralized wallets with your own keys since it is difficult today to trust these entities, although they do audits there is a feeling of widespread distrust towards CEX in the cryptographic world, very well they must do things from now on to make it change this, As the phrase goes, trust takes years to build but only seconds to fade away.

Yeah. That's why many exchanges now are already announcing their liquidity of coins to make it appear they won't do the FTX. I'm fine with Binance though but still, it's better to have decentralized wallets or hardware ones.

 

[Yugocean]

Update (Blockfi Suspicious)

The new information that is coming out, reveals that BlockFi was playing game with FTX and Alameda like a partner (Taking FTT and sending client tokens), Zac Prince has already played his card, but not clearly.

 

[Riberet19]

Update (Blockfi Suspicious)

The new information that is coming out, reveals that BlockFi was playing game with FTX and Alameda like a partner (Taking FTT and sending client tokens), Zac Prince has already played his card, but not clearly.

View attachment 220246

It always happens the same everything will come to light but slowly and everything will be known about its practices ...

Yeah. That's why many exchanges now are already announcing their liquidity of coins to make it appear they won't do the FTX. I'm fine with Binance though but still, it's better to have decentralized wallets or hardware ones.

Well I have almost everything stored in self-custody wallets the only exchange where I have some money is kraken, binance I stopped using it a long time ago

 

[Yugocean]

Proofs of Claim
BlockFi will now file proofs of claim with the court to substantiate its claims. Although BlockFi has not set a deadline, on January 11th it will submit the required assets, liabilities, and financial documents to the court.

 

[Yugocean]

Firm Appeals against FTX ch 11
BlockFi has appealed against the Chapter 11 protection of SBF FTX in bankruptcy court in Wilmington. BlockFi claims this is a ploy by FTX to usurp BlockFi's Robinhood shares.

 

[Yugocean]

Blockfi withdrawal is open, but...

BlockFi has allowed withdrawal; this could have been good news for their users, but BlockFi has imposed such conditions (withdrawal limits and fees) that people are not getting the benefit of withdrawal.