Genesis is having a hard time raising cash for its lending unit, and it is warning potential investors it could possibly file for bankruptcy. If Genesis were to file for bankruptcy, that would imperil Digital Currency Group.
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Timestamps:
0:00 – Genesis warns of bankruptcy
1:22 – Why this is a big deal
1:50 – Genesis liquidity CRUNCH
2:26 – How we got here
3:02 – CZ Binance concerns over Coinbase & Grayscale
4:34 – Why this is a big deal (pt2)
4:59 – The state of Genesis, Grayscale, & DCG today
5:42 – 2 possible scenarios
6:23 – Genesis has “days not weeks”
6:37 – Join us at these crypto conferences
7:14 – DCG on verge of Total Collapse?
8:50 – DCG CEO letter to shareholders today
**Note: My overall opinion is that the name of the game is to accumulate as much Bitcoin as possible. Alts are interesting but a lot more speculative. I use them to accumulate more Bitcoin.
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Notice all/most of the news coverage of FTX seems built around hyping the FEAR/FUD?
This looks like a psyop…like COVID was.
Bitcoiners are not built like that….we eat FUD for breakfast. Price up? Price down? Yeah, that's Tuesday for bitcoin.
Bitcoin Is Digital Gold!
OTC companies need to go. Everyone, and I mean everyone should be forced to buy spot.
The OGs always warned us about leverage trading..
You know what's brazzar they announce shit like this when btc gets a little run up
BLR88T huge hack crashing
Guys, you need to stop with the hyperbolic, clickbait-y titles like "CRYPTO IS OVER." You're just making things worse and capitalising on all the fear and panic. I'm glad you changed the title but just please stop doing this with your titles and thumbnails.
YES it’s over. The government has there stable Coin, and now they have proof how much it can be manipulated. Not only that, but, it shows that average person don’t know anything investing. Look at your Hot, Cold, you have to download from your computer that your computer could be infected That infects your wallet. Cold Wallet? Ok, now your just taking information that your phone tells the world what your doing selling information among other things. Your taking that to stores phone/computer, umm how it that safe. No keys no crypto? Don’t think so! I have lost money in Luna, FTX, and I’m bleeding. All my friends are bleeding with that being said Crypto is pretty much gone for me.
There is an unreal amount of scams in the comments.
Soooo no bull?
All will be fine, all will drop a lot. But when Binance will not help then Binance knows that all will land on there feet. Otherwise Binance will fall also….
Coins come and go. If your coin becomes obsolete, it will be dethroned. Invest in coins with latest tech like #PAW.
How would this affect CoinBase?
meanwhile, bitcoin itself hasnt changed 🤣
You cannot trust anyone. I would add Coinbase as well.
Your titles of FUD are shameful. I'm so sick of influencers who are basically throwing GASOLINE on the mental fear fires of the minds of the crypto community. You may think you are helping… but you are HURTING US and our space by taking every single headline you read and megaphoning it will dramatic flair to anyone who will listen. Especially when many of the things might be false. Or even more to the point… some of what is happening (maybe all) is probably being done on purpose to user in regulations and get the price low for whales to get cheap crypto. That is my true and honest heart felt opinion on the matter.
Will bitcoin hit 5k?
Continue the reviews to turn the BTC drop into an opportunity. #PAW received. You will see when you examine that it is the right project.
Oh NO the 7-8k bottom we’ve been speculating for a year! Quickly, find some bad news so more people sell to us 😂
This is just liquidity for retail. Set your limit orders and hold on everybody.
Easy fix. Just mint more ETH and BTC. It works for the American economy.
My life feels fixed after horrible markets but $AM200X is the one I believe in!
$AM200X, ETH, and more would be great.