Things started to go south for Curve Finance when it was hacked last weekend. To date, more than $50 million in crypto has been stolen from the protocol through a bug in its coding language Vyper. Meanwhile, the U.S. Securities and Exchange Commission (SEC) recently initiated legal action against crypto influencer Richard Heart, creator of cryptocurrency ventures – Hex, PulseChain, and PulseX. Richard Heart-connected wallets, including those associated with PulseX/Pulsechain, currently own at least $703M of DAI, which represents 15.5% of all DAI outstanding. Are we due for another stablecoin crash.
#Bitcoin #Ethereum #Crypto
~Crypto Crash Catalysts 📉 What Could Crash Bitcoin & Ethereum Soon?~
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Paul – you keep saying that if the Senate (following the house) passes crypto regulation it would become law.
I’m pretty sure that is inaccurate. The House must pass it first, then the Senate must pass it, and then the President must sign it – then it is a law unless it meets some type of constitutional challenge in the courts.
Alternatively, the President can Veto the bill. The Senate then has the option to override a presidential veto with 3/4 of the Senate voting for the bill during a second round of voting, etc…
Point 1 – Senate vote typically doesn’t make a bill a law. Typically this the second part or phase of a bill becoming a law.
Point 2 – If Biden truly feels this way then he’d likely veto any pro friendly crypto bill. Nice for MW to take the heat for him but unlikely whatever MW did would affect the outcome. Also McHenry’s little speech was a shot at Biden while trying to help MW save a little face with her procrypto voters.
That wasn't Richards recent reaction to the sec. That clip was from earlier this year. Long before the charges. He is not a scammer. If you support the sec in this, you are what's wrong with crypto.
Uniswap labs is based in NY. This makes literally every token open to attack. This is not just Richards fight. It's all of crypto.
You think Bitcoin is safe? They come after it after they divide and conquer
What Could Crash Bitcoin & Ethereum Soon? Blackrock, et al want ETFs so the price must be cheaper and they'll make that happen.
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You know what Paul, I'm so sick and tired of repeating myself! These hacks happening on EVM chains and other block change does not represent all of crypto. Case in point, CARDANO! If everybody wants to continue investing their money in these faulty blockchains and keep getting their money stolen from them, be my guest! But I think it's time people put their pride to the side! And start paying attention to CARDANO and how they're doing things, the right way!!
Trust Wallet had a breach, took about 6 months, but they finally returned all my crypto. Was pretty shocked in the return, honestly.
I dont hear protocol level hacks happening on the Cardano block chain nor any downtime…. seems like the slow and careful approach is paying off for ADA holders.
Unsubscribing as people are being setup to get rugged. What a shame.
Everything is collapsing cause it's super centralized. Meanwhile, Cardano and Bitcoin just keep going.
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Amazing how 1 person wreck all these OG defi protocols and ruin thousands if people's bags.
Hopefully these degens move into BTC asap.
Any timestamps Paul please, great show as always
We in crypto give zero fcks… We just keep buying Ethereum… once this regulation stuff is behind us, were going to the flippin moon.
Traded all my eth to algo 🤌🏻
Paul, I stake ETH and this doesn’t worry me at all.
The soft-war
Any thoughts on solana and polygon survival
A good place to trade your futures is with coincatch… I've had a great experience so far.
Just need to pick up some kaspa and thank me later 🎉🎉
Great vidslug PBN. Shared with "The Gang"
You look at defi and it is the whole thing that makes sense of all of this, but it’s a shitstorm as we first embark.