Digital Currencies incl NFT etc. 02; (Apr 21 - Feb 23)

[winston]

ProShares to Launch First US ETF For Shorting Bitcoin

BITI

Source: FX Empire

https://finance.yahoo.com/news/proshare ... 50524.html

[behappyalways]

Crypto Exchange FTX Bails Out BlockFi With $250 Million Revolver
https://www.zerohedge.com/crypto/crypto ... n-revolver

[behappyalways]

加密貨幣大崩盤 邁阿密數位支付經濟也急凍｜FOCUS午間新聞 20220622
https://m.youtube.com/watch?v=U_PLqVB3WsU

[behappyalways]

Crypto hedge fund at center of crisis faces risk of default as deadline to repay $670 million nears
https://www.cnbc.com/2022/06/27/three-a ... fault.html

[behappyalways]

One of the most prominent crypto hedge funds just defaulted on a $670 million loan
https://www.cnbc.com/2022/06/27/three-a ... -loan.html

[behappyalways]

What Happens If a Crypto Platform Such as Coinbase or Celsius Goes Bankrupt? | WSJ
https://m.youtube.com/watch?v=OJMR-0AGiDA

[behappyalways]

BIS To Allow Member Banks To Hold 1% Of Their Reserves In Bitcoin
https://www.zerohedge.com/crypto/bis-al ... es-bitcoin

[behappyalways]

As we work to future-proof our financial stability agenda, it is important to ensure the regulatory perimeter encompasses crypto finance.

Crypto-Assets and Decentralized Finance through a Financial Stability Lens
https://www.federalreserve.gov/newseven ... 20708a.htm

[behappyalways]

From $25 billion to $167 million: How a major crypto lender collapsed and dragged many investors down with it
https://www.cnbc.com/2022/07/17/how-the ... stors.html

[winston]

Crypto: 'Never Buy It'

Charlie Munger has always been brutually honest about his disdain for investing in cryptrocurrency, stating in the past that the digital currencies are fraudulent and deemed bitcoin to be a "noxious poison" as well as "stupid and "immoral."

Sellers of bitcoin and other virtual coins are not trustworthy and the digital currencies are a “mass folly,” he said.

"I think anybody that sells this stuff is either delusional or evil,"Munger told the Financial Review. "I won’t touch the crypto. “I’m not interested in undermining the national currencies of the world.”

He advises investors to avoid them.

"Never touch it," he said. "Never buy it. Let it pass by. I regard it as almost insane to buy this stuff or to trade in it. I just avoid it as if it were an open sewer, full of malicious organisms. I just totally avoid and recommended everybody else follow my example.”

"Crypto is an investment in nothing and the guy who’s trying to sell you an investment in nothing says, ‘I have a special kind of nothing that’s difficult to make more of. I don’t want to buy a piece of nothing."

Source: The Street

https://www.thestreet.com/investing/mun ... _ven=YAHOO