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Video - Peter Schiff debate with CEO of Celsius from November 2021: Celsius withdrawals still halted after a week - June 20, 2022

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  • Video - Peter Schiff debate with CEO of Celsius from November 2021: Celsius withdrawals still halted after a week - June 20, 2022


    Peter Schiff Exposed Mashinsky’s Celsius Scam Seven Months Before It Imploded





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    Crypto lending firm Celsius asks users for more time to fix issues after halting withdrawals


    PUBLISHED MON, JUN 20 20228:18 AM EDT
    • Embattled cryptocurrency lending firm Celsius has asked users to give it more time to stabilize liquidity and operations.
    • Celsius halted withdrawals for customers last week due to “extreme market conditions.”
    • The cryptocurrency market has seen billions of dollars of value wiped off in the last few weeks, with bitcoin falling below the $20,000 mark over the weekend, hitting a number of companies.

    https://www.cnbc.com/2022/06/20/cels...al-freeze.html



  • #2
    "The stock market is overvalued. Bitcoin has no value."
    _____________________________________________

    Ask Congress to Investigate COVID Origins and Government Response to Pandemic H.R. 834

    i love myself. the quietest. simplest. most powerful. revolution ever. ---- nayyirah waheed

    (My posts are not intended as advice or professional assessments of any kind.)
    Never forget Excalibur.

    Comment


    • #3
      If withdrawals are frozen, customers can not sell. What would be the real $ valuation of some of these currencies today if depositors could get their $ out of the various exchanges?


      CoinFLEX Follows Celsius in Suspending Withdrawals

      by
      Mike Dalton
      18 hours ago


      The exchange may keep withdrawals closed until the end of the month.
      • The cryptocurrency exchange CoinFLEX has suspended customer withdrawals due to harsh market conditions.
      • CoinFLEX is at least the third company to limit services this month after Celsius and Babel took similar actions.
      • The exchange is moderately large, but its decision does not seem to have impacted the crypto market.

      snip

      https://cryptobriefing.com/coinflex-...g-withdrawals/


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      Voyager cuts limit amid 3AC exposure. AND Coinbase is going to offer derivatives aimed a regular people. What? Hedging against an electronic ledger sheet entry?


      Coinbase Launches First Crypto Derivatives Product Aimed at Retail Traders

      Coinbase Derivatives Exchange hopes to capitalize on a market that is $3 trillion in volume worldwide and provide hedging options for traders.


      By Aoyon Ashraf

      Jun 23, 2022 at 8:06 p.m. EDT
      Updated Jun 24, 2022 at 12:16 a.m. EDT

      https://www.coindesk.com/business/20...etail-traders/

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      At the risk of getting some hate I am going to say that governments will not allow commercial crypto currencies to exist - medium and long term. They are all developing their own government cryptos and they will outlaw the use of anything else by their citizens. IMHO. The governments do not want to lose control of the financial systems. They simply will not allow it.

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