The recent stablecoin hearing did not go well for Circle as they find themselves in shambles. They had no solid answers and seemed to be as evasive and concise as possible. Just look at how their representative tried to misdirect the topic. https://t.co/ZBCs0E9WVt
Apparently a #CashInTransit in Krugersdorp. Not a single piggy in sight, because they're behind the operation. Wonder why the traffic was stopped on the other side of the highway.... organised crime.
It’s always nice to have some “stress test withdrawals” on these exchanges, so we know who is swimming naked and who deserves to stay in this industry.☮️
A notorious scammer @Cryptovinco hopes to get his main Twitter account @Cryptowhale unsuspended by Twitter’s general amnesty. Scammers don’t deserve free speech. @Elonmusk please have @cryptowhale deleted from the system.
https://t.co/ErsOGjE8ma
Risk Warning Update: one of the big 4 accounting firms is asking any of their clients close to crypto if they have exposure to any of the following certain companies: Alameda, FTX, Blockfi, Genesis, Ledgerprime,..Circle etc, more bankruptcy/write-downs are coming!☮️frens
The Circle CEO Jeremy Allaire also stated that “Circle is in the strongest position it has ever been in financially”. CEOs in financial industry are more inclined to LIE about their financial condition to avoid bank run. Let alone Jeremy has history of fraud.
It seems not only the market cap of USDC is in solid downtrend, other metrics also facing similar predicament. All these metrics are pointing to the problem of USDC adoption in both sectors of centralization and decentralization.