Maybe some good news for fans of Ethereum…? As they migrate to less power-consuming systems Thursday.
Only if this is true might I begin to consider investment (ethically acceptable).
( Ironically, as fewer Ethereum coins will be minted using this system, some major coin miners are investing in more Bitcoin generation… sad… )
BBC News - Ethereum Merge: How one big cryptocurrency is going green
when rich people go to war with one another, the little ones get donkey-punched.
BTC -6% to 19,556
ETH -8% to 1449
This post didn’t age well 
OP would have made something like 170% on his investment.
Still, cryptocurrencies are ridiculous.
I’m not always right, you know.
Bankman-Fried must be sheeting some bricks now.
B-F: “FTX is fine. Assets are fine… A competitor is trying to go after us with false rumors,… FTX has enough to cover all client holdings."
Update, Binance conquered B-F’s FTX.
BTC soared to above 20k, and promptly reversed itself to just break below/trade around 19,000
Saw this:
The SEC vs LBRY case establishes a precedent that threatens the entire US cryptocurrency industry.
Under this standard, almost every cryptocurrency, including Ethereum and Doge, are securities.
The future of crypto now rests with an organization worse than the SEC: The US Congress.
https://odysee.com/@lbry:3f/secvslbrysummaryjudgementruling:a
haha. Sam B-F thought he could be a big player. Now lost nearly all of his wealth in just days.
No tears for him.
Any teacher in Ontario should be pissed right now. That’s your retirement down the tubes.
The FTX co-founder is on the brink of a 94% wealth wipeout at the hands of his billionaire rival, Binance’s Changpeng Zhao.
Bloomberg says his fortune “will be annihilated at the hands of his billionaire rival”. Going down with the SBF ship are investors like Softbank’s Vision Fund (of course), Temasek and the Ontario Teachers’ Pension Plan. which had $400 million invested in FTX at a $32 billion valuation.
SBF had a 53% stake in FTX that was worth about $6.2 billion prior to the week’s events. The other $7.4 billion of his fortune was tied up in Alameda Research, which now appears to be completely insolvent. Bloomberg’s prognosis was bleak, to say the least:
"The Bloomberg wealth index assumes existing FTX investors, including Bankman-Fried, will be completely wiped out by Binance’s bailout, and that the root of the exchange’s problems stemmed from Alameda. As a result, both FTX and Alameda are given a $1 value. "
Amazing that a Teachers’ pension fund is gambling on this trash.
That’s what happens when you get fancy boys leaping on the bandwagon together all at the same time. They really think they knew what they were doing, but merely copied someone else’s behavior, as usual… BTW, this is not the first time Canadian teachers lost their pensions through bad investment either… same thing, 2009… These fancy-nancy boys never learn…
OTPP Transcript Annual Meeting Q&A
“Having said all that, Steve spoke about the Teachers’ Innovation Platform, and that team actually invested in a crypto, a digital asset exchange, called FTX, some of you that follow sport may have seen the advertising with the Miami Heat in the NBA or all the baseball umpires in MLB, they have it on their jerseys. And what we like about it, is that we’re not really speculating on whether prices of crypto assets, bitcoin or otherwise, are going up or down, what we’re saying is that the opportunity set in the crypto and blockchain space is going to increase there will be a lot more transactions, and clearly, exchanges benefit from it.”
In all fairness this is a very small part of their portfolio.
Binance CEO is a ruthless operator.
FTX were built on a house of cards. All he had to do was say he was selling his stake.
Wow. Sam Bankman-Fried asked his investors to cough up a wee 8bil to cover a few withdrawal requests.
Why stab your rivals in the back, if you can do a public beheading?
Can be attributed to CEO of Binance or ISIS 
Just navigated to FTX.com and saw this red banner across the page.
FTX is currently unable to process withdrawals. We strongly advise against depositing
I thought everything was all good according to Sam Bankman-Fried’s tweets?
love the crypto fuck tears. FROM, have fun being poor boomer you fucking stupid dont know shit about tech…to… dont laugh at my despair.
HAHAH DECENTRALIZED. FUCKING RETARDS. I told them time and time again don’t do it you fucking retard. You found some shit on the ground, won’t happen non stop.
Still a good time to pick up a few ETH, either for DCA or volatile trading. But it could also be a good time to do nothing, as crypto isn’t for those needing the safest investments.
Who you working for, Bri? 
