DON"T DO IT! 👇👇👇
A typical phishing attack involves reaching out to investors through fake websites and communication channels that mimic the official companies. Users are then prompted to share personal information such as private keys, which ultimately provides attackers unwarranted access to crypto wallets and assets.
Crypto phishing attacks up by 40% in one year: Kaspersky https://t.co/JEsxj1WSq2 via @cointelegraph
BREAKING
@SignatureBankNY was closed by New York state financial regulators on Sunday, @USTreasury said in a statement. All depositors will have access to their money on Monday, according to the statement. The @FDICgov & @federalreserve also signed the statement.
Thanks to the #Fed's bank #bailout now all U.S #bank deposits are at risk. That risk comes not from bank failure, but from #inflation. The value of all bank deposits will fall as inflation socializes the losses. Anyone with savings in a bank should withdraw it fast and buy #gold.
When that time comes…again, when doors lock & that chip doesn’t perform on the card, yet the Bank has your cash…then what?
Cryptocurrency to the rescue 🛟
During the 1930s, many banks failed in the United States.
In total, it is estimated that over 9,000 banks failed during this period, with most of these failures occurring in the early years of the Great Depression, between 1930 and 1933.
In 2008 we saw all the big banks receive a bailout from the taxpayer.
Today:
The United States 16th largest bank has collapsed, and other regional banks are watching valuations plummet.
While the Federal Reserve's rate hikes have been motivated by a desire to address inflationary pressures, this has helped cause the big banks in the United States to be sitting on $620 billion in unrealized losses.
Why?
Banks purchased lots of Treasuries and bonds when rates were at ZERO.
Coincidently, central banks around the WORLD are now facing significant losses, which will fall on to the taxpayer.
Both Goldman and Barclays say RATE HIKES are OFF the table for March.
When the entire economy is built on cheap money, the blocks are fragile, and with every rate hike, you are pulling at them.
Eventually, things will begin to shake.
This is all happening as more countries seek to trade in local currencies.
What is going to happen next?
A global balance sheet recession in the works?
“Frothy markets such as Australia and Canada are facing double-digit house-price declines, and economists believe the worldwide downswing is only getting started.”
Don't forget to mark your calendar as #CoinMarketCap Conference will be happening this coming May! 🔥
Connect with new people, brainstorm new ideas & solve problems, that's what we are here to achieve! 💪
#cryptonews#CoinMarketCapConference
https://t.co/JX8mebRKYX
Some trolling for this beautiful Saturday morning is in order:
1. @a16z is a Silicon Valley Web 2 supporter of platforms building Web 3 applications on top of public permissionless networks.
2. Case in point, @opensea was funded in lead Series A (it's VCs all the way down)
Ripple’s CEO @bgarlinghouse won’t apologize for taking on the SEC
“The SEC declared war on Ripple. We’re defending ourselves.” 👊 #Ripple#XRP#cryptocurrency
https://t.co/H8xBkhUr9U