BlockFi Files for Bankruptcy, Becoming Latest FTX Domino



This episode is sponsored by Nexo.io, Circle and Kraken.

On today’s episode, NLW returns to his usual daily programming with a review of crypto contagion that took place during the last week. He looks at BlockFi, which filed for Chapter 11 bankruptcy protection in New Jersey today, as well as Genesis and FTX itself.

(Genesis Global Capital is a subsidiary of Digital Currency Group, the parent company of CoinDesk.)

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Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

Kraken, the secure, trusted digital asset exchange, is our sponsor for today’s show. Kraken makes it easy to instantly buy 185+ cryptocurrencies with fast, flexible funding options. You’re covered by industry-leading security and award-winning Client Engagement, available 24/7. Sign up and trade today at kraken.com.

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “Back To The End” by Strength To Last. Image credit: PM Images/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

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Exchange Proof of Reserves: What It Means & Who is Doing It?!



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~~~~~

📺Essential Videos📺

FTX Bankruptcy Filing 👉 https://youtu.be/mt5jCk51yk8
How To Keep Crypto Safe 👉 https://youtu.be/X_heFWeETZs
BNB Analysis 👉 https://youtu.be/Jwo4rwik6WM
Binance Tutorial And Fee Discount 👉 https://youtu.be/YzJ6xkJpeUk
Company Taking Over Cryptocurrency 👉 https://youtu.be/H_jGGSpjUbw
KuCoin Tutorial And Fee Discount 👉 https://youtu.be/aHKYxgxDCO4

~~~~~

⛓️ 🔗 Useful Links 🔗 ⛓️

► Nansen Exchange Reserves: https://portfolio.nansen.ai/entities
► Binance Proof of Reserves: https://www.binance.com/en/blog/community/our-commitment-to-transparency-2895840147147652626
► OKX Proof of Reserves: https://www.okx.com/proof-of-reserves
► OKX Tutorial: https://www.coinbureau.com/review/okx/
► Kucoin Proof of Reserves: https://www.kucoin.com/blog/transparency-and-trust-a-detailed-list-of-kucoin-s-wallets

~~~~~

– TIMESTAMPS –
0:00 Intro
0:39 What is Proof of Reserves?
4:41 Binance
7:42 Crypto.com
11:28 OKX
15:07 KuCoin
18:04 Will DEXes Take Over?
21:25 Outro

~~~~~

📜 Disclaimer 📜

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.

#Crypto #Reserves #Exchange

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Crypto News: SBF, FTX Hacker, Binance, DCG, Social Media Risk & More!!



🛒 Get The Hottest Crypto Deals 👉 http://www.coinbureau.com/deals
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👕 My Merch Store 👉https://store.coinbureau.com
🔥 TOP Crypto TIPS In My Newsletter 👉 https://guy.coinbureau.com/signup/

~~~~~

📺Essential Videos📺

Last Week’s Crypto Review 👉 https://youtu.be/UaytjeuRxtQ
FTX Bankruptcy Filing 👉 https://youtu.be/AAnRXnfhmAY
How To Keep Your Crypto Safe 👉 https://youtu.be/X_heFWeETZs
DCG, Grayscale, Genesis Explained 👉 https://youtu.be/L0jMNM0nonc
Solana FTX Alameda Updates 👉 https://youtu.be/2sLx9ujvnN8
Ren Protocol Potential 👉 https://youtu.be/3MqWqXiRCEY

~~~~~

⛓️ 🔗 Useful Links 🔗 ⛓️

► SBF Spotted In The Bahamas: https://twitter.com/MartiniGuyYT/status/1595371895456669698
► Livestream in Bahamas: https://www.youtube.com/watch?v=ni4DyyEMVAM&t=330s
► FTX Hacker Dumps: https://cointelegraph.com/news/ftx-hacker-dumps-50-000-eth-still-among-top-40-ether-holders
► Genesis Trading Under Investigation: https://cointelegraph.com/news/american-regulators-to-investigate-genesis-and-other-crypto-firms
► Binance 2B Bailout Fund: https://www.coindesk.com/business/2022/11/25/binance-allocates-another-1b-for-its-crypto-recovery-fund/
► Russia To Ban Sales To Price Cap Participants: https://www.bloomberg.com/news/articles/2022-11-25/russia-drafts-decree-banning-oil-sales-to-price-cap-participants

~~~~~

– TIMESTAMPS –
0:00 Intro
1:54 Tracking Down SBF
5:14 FTX Hacker Dumps
8:52 Genesis Global In Trouble
12:09 Binance Bailouts
15:18 Oil Shortages Incoming
18:13 Ben Cowen’s Analysis
23:48 Outro

~~~~~

📜 Disclaimer 📜

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.

#FTX #Binance #Crypto

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Crypto News: FTX Updates, GBTC Contagion, ADA, SOL & More!!



🛒 Get The Hottest Crypto Deals 👉 http://www.coinbureau.com/deals
📲 Insider Info in my Socials 👉 https://guy.coinbureau.com/socials/
👕 My Merch Store 👉https://store.coinbureau.com
🔥 TOP Crypto TIPS In My Newsletter 👉 https://guy.coinbureau.com/signup/
💯 Ben’s Channel 👉 https://www.youtube.com/@intothecryptoverse
💯 Ben’s Newsletter 👉 https://itcnewsletter.intothecryptoverse.com/

~~~~~

📺Essential Videos📺

Last Week’s Crypto Review 👉 https://youtu.be/LX5LmA5jWDw
Bitcoin Trust vs. Bitcoin ETF 👉 https://youtu.be/kc-JuXWDY5w
FTX Collapse Explained 👉 https://youtu.be/2sLx9ujvnN8
Top Cardano Projects 👉 https://youtu.be/Q0KhW8ftm90
Fed Press Conference 👉 https://youtu.be/SOJHJ0XoG7M
How To Get A Crypto Job 👉 https://youtu.be/YPt41FQS1XE
Top Crypto Wallets 👉 https://youtu.be/X_heFWeETZs
Fake Crypto Trading Volume 👉 https://youtu.be/SKpv-LzTbVw

~~~~~

⛓️ 🔗 Useful Links 🔗 ⛓️

► Grayscale Refuses To Publish Proof of Bitcoin Reserves: https://cointelegraph.com/news/grayscale-cites-security-concerns-for-withholding-on-chain-proof-of-reserves
► Binance, OKX, And ByBit Stop Solana Stablecoin Deposits, Withdrawals: https://cointelegraph.com/news/binance-okx-and-bybit-suspend-usdt-and-usdc-deposits-on-solana
► Cardano Announces Stablecoin: https://www.coindesk.com/tech/2022/11/18/cardano-based-regulated-stablecoin-usda-will-hit-the-market-in-early-2023/
► Amazon CEO Admits Layoffs Will Continue: https://edition.cnn.com/2022/11/17/tech/amazon-ceo-layoffs-andy-jassy/index.html
► Forced Selling By Pensions Could Cause December Crash: https://youtu.be/cp2jkrl1rsg

~~~~~

– TIMESTAMPS –
0:00 Intro
2:09 FTX Contagion Continued
5:58 Solana Isolation
9:31 ADA Updates
13:18 Big Tech Layoffs
16:33 Crypto Lows Incoming
20:22 Market Review

~~~~~

📜 Disclaimer 📜

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.

#FTX #Crypto #News

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FTX Bankruptcy Filing: I Can't Believe What I'm Reading!!



🛒 Get The Hottest Crypto Deals 👉 http://www.coinbureau.com/deals
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🔥 TOP Crypto TIPS In My Newsletter 👉 https://guy.coinbureau.com/signup/

~~~~~

📺Essential Videos📺

Alameda USDT Connection 👉 https://youtu.be/_ZDAZYnkugs
How FTX Collapsed 👉 https://youtu.be/WgJbWZpRWyo

~~~~~

⛓️ 🔗 Useful Links 🔗 ⛓️

► FTX Full Bankruptcy Filing: https://pacer-documents.s3.amazonaws.com/33/188450/042020648197.pdf

~~~~~

– TIMESTAMPS –
0:00 Intro
0:42 New FTX CEO Declaration
3:01 How FTX Was Structured
6:12 The Four FTX Silos
9:07 Before The Bankruptcy
12:23 FTX Employees, Balance Sheet
15:57 FTX Secrecy
18:13 How Could It Affect Crypto?

~~~~~

📜 Disclaimer 📜

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.

#FTX #Crypto #Bitcoin #Bankruptcy

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Solana Update: FTX, Alameda & Impacts on SOL!



🛒 Get The Hottest Crypto Deals 👉 http://www.coinbureau.com/deals
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🔥 TOP Crypto TIPS In My Newsletter 👉 https://guy.coinbureau.com/signup/

~~~~~

📺Essential Videos📺

FTX-Alameda Situation Summary 👉 https://youtu.be/WgJbWZpRWyo
Cosmos Updates 👉 https://youtu.be/o0LT42PgKxI
Crypto Bear Market End 👉 https://youtu.be/WxJvZMEYF8w
Crypto TPS Tradeoffs Explained 👉 https://youtu.be/1jzpL27SOak
Previous Solana Update 👉 https://youtu.be/m01JViMyjEE

~~~~~

⛓️ 🔗 Useful Links 🔗 ⛓️

► FTX Alameda Research Investments: https://www.theblock.co/post/186058/alameda-research-ftx-ventures-invested-in-more-than-250-crypto-startups
► Sui Raises 300m: https://cointelegraph.com/news/former-meta-execs-raise-300m-to-accelerate-adoption-of-sui-blockchain
► Solana Neon EVM Layer: https://www.theblock.co/post/183651/neon-labs-evm-solana-early-december
► Solana Labs, Foundation FTX Alameda Exposure: https://solana.com/news/solana-facts-ftx-bankruptcy
► Solana Upcoming Upgrades: https://solana.com/news/solana-network-upgrades
► SEC Investigating FTX: https://www.wsj.com/articles/sec-investigates-crypto-platform-ftx-11668020379

~~~~~

– TIMESTAMPS –
0:00 Intro
0:38 A Few Words
1:40 Solana Recap
5:47 Solana Updates
10:00 Solana Updates Part 2
14:28 SOL Price Analysis
18:46 Solana Roadmap
22:05 Solana Concerns

~~~~~

📜 Disclaimer 📜

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.

#Solana #SOL #Crypto

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