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Billsandhorns
2 hours ago, Ann said:

So is FTX a two-fer? Laundering the Ukraine money + the fight between the old money guard and their crypto reserves? 

 

Feels like a money laundering scheme or a ponzie scheme to me

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2 hours ago, Ann said:

So is FTX a two-fer? Laundering the Ukraine money + the fight between the old money guard and their crypto reserves? 

 

Unknown at this point. I'm watching to see how far the contagion runs. 

 

I see lots of speculation about the whole 'exchanges' situation right now. Binance just moved a crap load of Tether. 

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This ongoing thread may end up being both the longest and shortest of all time:

 

 

 

With ~30 minutes to 15 hours between each letter that gets posted.

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Since the inception of the wide spread ICO (Initial Coin Offering) of Shitcoins back in 2017, Bitcoin is slowly clawing back it's market dominance. Which should only accelerate with this latest fiasco within the cryptosphere.

 

Reality Check

 

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22 minutes ago, Foxx said:

 

 

And the charity was the Democratic party... 

So many of us said they were laundering money in the Ukraine in the Russia thread. The only question was how. I think we have found out how with the billions that "just disappeared." 



 

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Tangentially related to the FTX fiasco?

 

NY Fed launches 12-week CBDC pilot program with major banks

Quote

The Federal Reserve Bank of New York’s Innovation Center, or NYIC, announced that it would be launching a 12-week proof-of-concept pilot for a central bank digital currency, or CBDC.

 

In a Nov. 15 announcement, the New York Fed said the program would explore the feasibility of an “interoperable network of central bank wholesale digital money and commercial bank digital money operating on a shared multi-entity distributed ledger” on a regulated liability network. Banking giants including BNY Mellon, Citi, HSBC, Mastercard, PNC Bank, TD Bank, Truist, U.S. Bank and Wells Fargo will be participating in the pilot by issuing tokens and settling transactions through simulated central bank reserves. ...

 

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The contagion is spreading and picking up speed...

 

FTX-owned crypto exchange Liquid halts all withdrawals

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The Japanese cryptocurrency exchange Liquid is the latest company to halt withdrawals amid the ongoing crisis of centralized crypto exchanges.

 

The FTX-owned crypto exchange Liquid took to Twitter on Nov. 15 to officially announce a suspension of fiat and crypto withdrawals on its Liquid Global platform.

 

Addressing the reasons for the suspension, Liquid cited compliance with the requirements of voluntary Chapter 11 proceedings in the United States, noting: ...

 

Chapter 11 filed

 

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