Cryptocurrency Investors Aren't "Lazy"😠 https://www.youtube.com/watch?v=ATXTImkBP2Y I recently watched a video where the host suggested that cryptocurrency was a popular investment because Millennials are lazy investors who are unwilling to follow traditional methods of building wealth such as starting their own businesses. As a millennial and a crypto investor, this statement hit me pretty hard and got me thinking. Do Millennials invest in cryptocurrency because they are…
Peter Schiff, Banks, Crypto, and Irony https://www.youtube.com/watch?v=QBrY9ZnWP1g In a recent tweet, famed gold bug and Bitcoin Basher Peter Schiff mentioned that one of his bank accounts was closed for what were presumably unfounded reasons. Many crypto enthusiasts have used this as an "I told you so moment" to highlight the fact that the cryptocurrencies that Peter so wholeheartedly disparages are designed to prevent the very thing that has happened to him. Although there…
Don't Get Liquidated! - Explaining Over Collateralized DeFi Loans https://www.youtube.com/watch?v=Q75ZR33YOPg Since DeFi protocols can't perform credit checks or assess the credit worthiness of borrowers using the same tools of traditional finance, they typically rely on loan over-collateralization to ensure that lenders will be able to receive their funds back. When borrowers' outstanding loan balances exceed their loan collateral value, they are "liquidated" by third…
Protect Your Crypto - Tips for Self Custody🔒 https://www.youtube.com/watch?v=Uc8RQEkLs7I With the recent announcements that cryptocurrency lending platforms Celsius and Voyager have stopped allowing customers to withdraw their own funds, many well-meaning crypto influencers have urged cryptocurrency holders to move their funds off of centralized providers and into their own self-custody cryptocurrency wallets. Although holding your cryptocurrency in your own wallet can be…
Archmage Splinterlands Bot - Is This The Future of NFTs?? https://www.youtube.com/watch?v=LT0scb1K0BQ The recent launch of the Splinterlands Archmage bot, and its accompanying NFT token, proves what I have been trying to tell people for months. NFTs can be used for so much more than the simple representation of digital art which seems to gather all the media attention. In today's post. I'd like to explain how the Archmage Splinterlands bot could be a glimpse into the future…
Coinbase vs the SEC - Why Crypto Regulation is So Complex https://www.youtube.com/watch?v=UvGcXHfRHos It was recently announced that the SEC accused a former Coinbase employee of violating existing securities regulations by trading crypto on insider information. Coinbase fired back by saying that the cryptocurrencies on their website are NOT securities and thus fall outside of existing securities regulations. Whether or not cryptocurrencies are securities has far-reaching…
Trash to Treasure - $163 Million BTC Lost In Landfill https://www.youtube.com/watch?v=KOVG5ZWaSHY One cryptocurrency user recently made headlines for his $6 Million proposal to hire workers, machines, and even robot dogs to scour a landfill for his old hard drive that was claimed to have $163 Million worth of lost Bitcoin on it. Although this case is certainly interesting, he is far from being the only crypto user to accidentally lose cryptocurrency that was stored on their…
Crypto Exchange Regulation Could Be......Good??? https://www.youtube.com/watch?v=duvRBxpVmK8 SEC Chairman Gary Gensler recently announced that he sees no difference between crypto and traditional stock markets. According to Gary Gensler, crypto exchanges should therefore be subject to similar rules, regulations, and customer protections found in the traditional stock market. In today's post, we will look at some of the protections and safeguards provided for customers in the…
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