read.cash is a platform where you could earn money (total earned by users so far: $ 844,493.35).
You could get tips for writing articles and comments, which are paid in Bitcoin Cash (BCH) cryptocurrency,
which can be spent on the Internet or converted to your local money.
Part of the problem of Earn program is from Genesis Trading Firm. They are focusing on institutional investors. How come such a professional firm goes down quickly? Because of the failure investments on both 3AC and FTX.
They had 6 ETFs: the Bitcoin Cash, the Grayscale Bitcoin Trust, the Grayscale Ethereum Trust, the Grayscale Ethereum Classic Trust, the Grayscale Digital Large Cap Fund, and the Grayscale Litecoin Trust.
If they are going down, everything is down and will drag institutional investors and the traditional market.
The question is not if they would fail but what will be the consequence of failing.
Unlike the traditional market with the Fed backup to prevent failure, the crypto market is due to free fall.
Crypto lending is a scam after all and CEX lending just exposes its weakness.
If FTX blow is a major blow, Genesis insolvency will be bigger than FTX. It pretty much can end the CEX in the US.
Regulations and licensing are nothing to prevent the fall of these companies and their greed from attracting more customers' funds and wasting on unsuccessful investments like 3AC and FTX.
It will mark the end of the crypto adoption and institutional investments in the crypto space.