Josh Scheffey

Thinker of big thoughts | Crypto, DeFi,Web3, Gaming. Give me all the future tech

[Summ @summ_app]

It’s official.
Crypto Tax Calculator is now Summ.
Same trusted product. New name.
https://t.co/eUNauKkK2V

[Josh Scheffey @Scheffey]

@AltcoinDaily Buy

[Josh Scheffey @Scheffey]

@tomorku AI Sales

[Josh Scheffey @Scheffey]

@TheBTCTherapist @Ledger @Trezor @COLDCARDwallet @Blockstream @thisisarculus is 💯 the most user friendly hardware wallet on the market.

[Josh Scheffey @Scheffey]

@chiggady @Davelite93 @TradingFemale @jeffragusa @horatioalger201 Same, I have a healthy and active 75lb pit who eats 1-1.5 cups per meal 2x a day. Vet instructed

[Josh Scheffey @Scheffey]

@MattJMcD All I see is someone on the other side of the screen getting pinched every time someone selects and app

[Josh Scheffey @Scheffey]

Happy National Bitcoin Pizza Day!

https://t.co/ZwbMKXbmxm

[Ledger @Ledger]

Ledger is proud to announce our Series C extension fundraising round.

We continue our mission of bringing ease-of-use and uncompromised security to your digital value.

Read what our CEO @_pgauthier has to say:

https://t.co/JSHyi5jKIQ

[Josh Scheffey @Scheffey]

Even in a “crypto winter” the vision and value @Ledger is building is undeniable and that message continues the be reinforced.

[Pascal Gauthier @Ledger @_pgauthier]

Today, Ledger announced our new funding. I'm grateful for our long-term investors' support, and I welcome the new ones backing the undeniable revolution of value and hardware.

Unfurl for a thread 🧵

https://t.co/hlTEhZBzrW

[Peter McCormack 🏴‍☠️🇬🇧🇮🇪 @PeterMcCormack]

Not your keys...not your #bitcoin.

@Ledger is the way

[Ledger @Ledger]

With Ledger, YOU have the freedom to self-custody your assets and safely buy, swap, and stake with Ledger Live.

This thread explores exactly how you can do that, so you can delve straight into your journey for freedom and self-custody.

🧵Unfurl to get started.

[Ledger Enterprise @ledger_business]

Imagine a financial system that prioritizes transparency, security, efficiency, and accessibility.

A 🧵on decentralization from @Ledger Enterprise. #BeYourOwnBank (1/8)

[Josh Scheffey @Scheffey]

For those operating at the institutional level the Silvergate news is massive, but what a great breakdown below to help understand why this is not a crypto issue. It’s a fundamentals issue.

[Jamie Quint @jamiequint]

An explainer on what is going on with Silicon Valley Bank:

- In 2021 SVB saw a mass influx in deposits, which jumped from $61.76bn at the end of 2019 to $189.20bn at the end of 2021.

- As deposits grew, SVB could not grow their loan book fast enough to generate the yield they wanted to see on this capital. As a result, they purchased a large amount (over $80bn!) in mortgage backed securities (MBS) with these deposits for their hold-to-maturity (HTM) portfolio.

- 97% of these MBS were 10+ year duration, with a weighted average yield of 1.56%.

- The issue is that as the Fed raised interest rates in 2022 and continued to do so through 2023, the value of SVB’s MBS plummeted. This is because investors can now purchase long-duration "risk-free" bonds from the Fed at a 2.5x higher yield.

- This is not a liquidity issue as long as SVB maintains their deposits, since these securities will pay out more than they cost eventually.

- However, yesterday afternoon, SVB announced that they had sold $21bn of their Available For Sale (AFS) securities at a $1.8bn loss, and were raising another $2.25bn in equity and debt. This came as a surprise to investors, who were under the impression that SVB had enough liquidity to avoid selling their AFS portfolio.

[Josh Scheffey @Scheffey]

Never gets old.

[Josh Scheffey @Scheffey]

🤦‍♂️, But don't you dare try to find options to protect yourself and the value that you have built over your lifetime.

[Watcher.Guru @WatcherGuru]

JUST IN: 🇺🇸 FED Chair Jerome Powell says no one should assume the Federal Reserve can protect the economy in a debt default.

[Pascal Gauthier @Ledger @_pgauthier]

Over the coming years, every organization will ultimately leverage digital assets, creating crucial needs for tailored security & governance solutions.

This is where @ledger_business comes in. Tune in to our latest podcast to learn more.

[Josh Scheffey @Scheffey]

Pragmatism,Audacity, Engagement, Transparency and Trust.

It is so great to see the values, culture and amazing team @_pgauthier has built @Ledger recognized as one of the leading innovators in the space.

https://t.co/0kcL6aLQO5

[Josh Scheffey @Scheffey]

Not Eth Denver

[Josh Scheffey @Scheffey]

When the last few months feel like years 😵‍💫

[Josh Scheffey @Scheffey]

For an industry and space where we are constantly reminded how early we are so we need to do our own research, I sure do see a lot of “TL/DR” posts. 🤔