The crypto lending market has taken a turn for the worst recently. With many service providers going under, and others under intense scrutiny, what is the future of these companies? Are your coins safe or should you abandon ship? Sub for more crazy crypto news – http://voskco.in/Sub
Check out the full episode of the On-the-brink Podcast with BlockFi Founder Zac Prince – https://onthebrink-podcast.com/blockfi-jun22/
If you’d like to sign up with BlockFi, use our link for up to $250 free – https://voskco.in/blockfi
Earning passive income with cryptocurrency is the dream – but it often requires you to hold your coins in a third party exchange, potentially risking your custody of them. How do you determine which crypto exchanges are safe? Crypto has recently taken a huge hit with the downfall of many CeFi (centralized finance) lenders. Is the entire space safe, or should you get your coins out into cold storage like a hardware wallet? Today I’ll go over all the current news regarding valuations, bankruptcy, purchases and new alliances – ensuring you both save and make money!
FTX sign-up bonuses – https://voskco.in/FTX
BlockFi’s Letter from the Founders – https://blockfi.com/a-message-from-our-founders-july-2022
Voyager freezes withdrawals! – https://fortune.com/2022/07/01/voyager-digital-freezes-withdrawals-500-million-exposure-three-arrows-crypto-broker/
FTX discards buying Celsius due to missing $2 Billion?! – https://cryptoslate.com/ftx-discarded-celsius-deal-after-reportedly-finding-2b-missing-from-its-balance-sheet/
⏰ Timestamps ⏰
00:00 Can you still earn passive income by lending out your crypto?
01:36 CeFi lending platforms are crumbling: is BlockFi still safe?
02:40 Why would you want to use a CeFi Lending app?
04:00 Celsius mismanaging their funds
05:06 BlockFi weathering the storm?
08:11 BlockFi has faced heavy scrutiny from the United States
09:05 I still use BlockFi myself
10:20 3A Three arrows capital insolvency
11:38 Risk versus reward
13:10 CeFi fills a important niche
Follow us on our official social media accounts – https://voskco.in/22
VoskCoin is for entertainment purposes only and is never intended to be financial investment advice. VoskCoin owns or has owned cryptocurrency and associated hardware. VoskCoin may receive donations or sponsorships in association with certain content creation. VoskCoin may receive compensation when affiliate/referral links are used. VoskCoin is home of the Doge Dad, VoskCoin is not your Dad, and thus VoskCoin is never liable for any decisions you make.
#VoskCoin #crypto #blockfi #makemoney #passiveincome #crash #market #cryptonews #celsius #voyager #3ac #ftx