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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

sharon sanders

Editor-in-Chief & President
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/cel...me-to-fix-issues-after-withdrawal-freeze.html
 
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/2...-derivatives-product-aimed-at-retail-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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