Crypto 360°

Tuesday, 15 November 2022

Not your keys, not 21M coins

The only way to keep the exchanges halfway honest is for bitcoiners to pull their keys offline. Otherwise, they'll keep selling the same fake coin 100x over, just like FTX did.

submitted by /u/Mr_Eckert
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Coinbase email reassured me that funds are safe on their servers

..so I moved all coins to cold storage. #NeverAgain.

submitted by /u/hotdogSamurai
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When will be the day when everyone will withdraw the bitcoins they hold on exchanges, to trust the reserves of exchanges?

submitted by /u/Affectionate-Type-89
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source https://www.reddit.com/r/btc/comments/yvartd/when_will_be_the_day_when_everyone_will_withdraw/

The FTX Scam Is Indicative of a MUCH Larger Problem - America's Elite Have Been Using the Same Schemes to Fleece the Middle Class for 100+ Years

submitted by /u/s3k2p7s9m8b5
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Visa has terminated global debit card agreements with FTX

submitted by /u/Egon_1
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source https://www.reddit.com/r/btc/comments/yv7zbc/visa_has_terminated_global_debit_card_agreements/

Monday, 14 November 2022

Tether scrambling with maintaining its peg

submitted by /u/Egon_1
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source https://www.reddit.com/r/btc/comments/yuedha/tether_scrambling_with_maintaining_its_peg/

It appears that some exchanges are potentially faking proof of reserves audits with each other’s funds (???) CZ has once again chimed in, which will exacerbate a potential run on reserves.

submitted by /u/Bitcoin_Freedom
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FTX had no BCH on their balance sheet because they sold all customer deposits as they came in. They gambled the proceeds on FTT, Solana and other trash. The BCH community has suspected exchanges of selling all BCH customers deposit, making BCH one of the most shorted cryptos.

submitted by /u/big--if-true
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source https://www.reddit.com/r/btc/comments/yud6sb/ftx_had_no_bch_on_their_balance_sheet_because/

Kim Dotcom destroys Bitcoin Cash reputation

View Poll

submitted by /u/Massive-Bandicoot-57
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source https://www.reddit.com/r/btc/comments/yubtz9/kim_dotcom_destroys_bitcoin_cash_reputation/

I’ve been seeing talks of politicians using Ukraine and FTX to launder money. The theory goes: U.S. send money to Ukraine, Ukraine puts portion of money into FTX, then FTX “donates” said money to political campaigns. If this were true, it would mean taxpayer dollars are going to political campaigns.

I’ve only seen this on twitter, so I’ve been taking it with a grain of salt. I know SBF has been vocal about his political donations in the past but I haven’t been able to find any evidence for this theory. Was this just pulled out of someone’s ass for twitter likes, or is there any truth behind this?

submitted by /u/Key_Purchase_3075
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source https://www.reddit.com/r/btc/comments/yubkk5/ftx_and_ukraine/

Bluetooth isn't good.

I keep on seeing reviews for hardware wallets with bluetooth capability. Most of the time if a hardware wallet doesn't have blue tooth it's viewed as a con or a negative and I have to disagree with that sentiment. Why? Bluetooth is not secure, it is not safe. How do I know that? Military practice. All DOD/federal buildings that have any dealings with classified materials don't allow bluetooth/wireless capable keyboards, mice, and other electronic devices inside their buildings. It's literally illegal to connect them to any of their computers. It's not just the transmission capability, it's the hack-abitability of bluetooth. All government employees that deal with cyber security are told to keep their bluetooth on their PEDs off, along with covering up their cameras, among other things. There's a good reason for it. So please, don't listen to these reviewers about bluetooth capability on hardware wallets. It's way better if they don't have it. Convenient shiz usually ends up being vulnerable.

Keep it simple stupid, and funds will be sayfu.

submitted by /u/Dextradomis
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