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Silvergate Bankrupt!! What it Means For Crypto!
the SILVERGATE $SI affect
As the bank of choice for crypto, Silvergate Bank's failure is disappointing, but predictable. I warned of Silvergate's risky, if not illegal, activity—and identified severe due diligence failures. Now, customers must be made whole & regulators should step up against crypto risk.
— Elizabeth Warren (@SenWarren) March 8, 2023
Told by CB have to trade in DEX? Don't even know what it is or how safe. F____er's
Trading in a channel...
$ETH.X
Haha! Thank you ap
Exactly, kind of makes that snake oil look like the garbage it is.
Victory laps for AFTER THE FACT! trash. They miss every time.
LoL dude it’s up hahahaha
Yes indeed, 23,000 was a Major Clonk Zone https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171086515
It sank but since has shot back up.
Called the drop well indeed and have.....
Got the Sector well under microscope still !
Hundreds of thousands of Bitcoiners are keenly aware of this level.....
Whilst probably millions are not or could care less.
Some folks even HATE T.A.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171246618
It's currently at 24,750........Never hurts to know precisely just where one is.
On one side of your mouth you DD, then you flash a chart that says just the opposite. You must butter both sides of your bread.
You don't do much dd do ya'.....
I told this guy on the 10th to start watching out for Bitcoin
So, again with your wild assumptions
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171175222
I've yet to see you ever come up with a thing......
All you do is run around insulting.
.
Exactly!! .....its a face saving move for a somewhat useless tool that shows history to the moment. PERIOD!
Any trend derived is a function of the readers mind AND NO MORE!
LOL come back 3 days after the fact and say "see I told you"
RIGHT???
Boy, you DO make some WILD "assumptions" there, don't ya' ?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171221377
.
See? Charts are worthless . . .
Just a small sampling in this link but..........The Clonks were a whole 'nuther outlandish saga !
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171183972
Let's at least say we'd identified a band of Resistance where naturally all this would've synchronized well with Etherium too
The 1st Clonk Feb 25th
.
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All after the fact victory laps, meaningless, except for the legends in their own minds.
Good history display though, that I have to admit.
What do you mean? Nowwhat and I identified a clonk like 10 days ago. Do you not know what a clonk is?
https://www.fxstreet.com/cryptocurrencies/news/can-visas-large-value-payments-on-ethereum-fuel-an-eth-price-rally-202302060932
* Visa is testing how to accept large value settlement payments from issuers in USDC starting on the Ethereum blockchain.
* At StarkWare Sessions 2023, Visa’s Cuy Sheffield shared the company’s vision for digital assets.
* Visa’s use of the Ethereum blockchain is likely to drive ETH adoption higher, fueling a bullish narrative for holders.
$ETH.X
Likewise.......Yeah no, okay so.......
Let's see if this HERE is what happens (to all cryptos) !
I think I'll go check on some others perhaps.
Because - sort of likewise ; there was THIS closing bell in Bitcoin
Yup just checked Etherium where it's like ; Almost perhaps.
Altho I can't say for CERTAIN because (as you all know), I'm not all that much of a expert
bwa-ha-ha-ha !
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Anyone watching the chart got their head handed to them in a plastic baggie. All I see now is a bear flag forming. Whatever.
Yeah well I can assure you that there were literally MILLIONS who were paying attention to THIS one.....OBVIOUSLY.
You weren't ?........Oh well.........It's at $1,700 now.
Chart was working just FINE........and in fact, even, still IS.
Good LUCK
T.A. just doesn't GET any more BASIC than that.......
And yet, it's AMAZING that SO many choose to simply stick thier heads in the sand.
Can lead a horse to water but ya' can't make 'em drink.
.
.
Charts work only to the extent that people pay attention to them, otherwise "chart is broken", etc.
i sent you with fm whatsapp account. check it out. waiting for your reply
Yeah but so........just WHY the up move up today plus how come all the glitches ?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171075618
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171074187
Ether will rise again like the Phoenix.
ATH this year.
The Day before the whole shebang BEGAN.......January 3rd
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170853974
"Fundamentals" can (could) NEVER "capture" something SO crisply !
.
I signed up to become a Mod on the ETH board just days BEFORE things began to unfold.
Altho, I had virtualy NEVER even LOOKED at ETH previously......
All it TOOK was 2 minutes of research :
To RECOGNIZE that SOMETHING huge was on the horizon
NEXT DAY - JAN 1st ; 12 Hundred - BOOM !
High today 1648.....Up what, like ; 48 ? %
"Useless graphs".......my azz
.
Up 35% in the past month...Love it!
$ETH.X
NAB helps farmers report on sustainability of Agri Green Loans using blockchain
https://news.nab.com.au/news/nab-helps-farmers-report-on-sustainability-of-agri-green-loans-using-blockchain/
NOTE: major agriculture use case for AUDN stablecoin described in this article posted on National Australian Bank website.
"...Australian farmers will be better able to understand and report on the impact of their sustainability practices, thanks to a partnership between NAB and agri-tech start-up Geora, using blockchain technology..."
...
"...NAB Chief Innovation Officer Howard Silby said this initiative will demonstrate how blockchain technology can help with a range of use cases in the financial services industry, including climate transition.
“We believe that elements of the future of finance will be blockchain enabled and that the technology also has the potential to assist with how we track and audit our ESG-linked financial products,” Mr Silby said..."
...
Creation of a stablecoin
"...For NAB, the standardised reporting provides a clear, auditable record that can be aggregated across a portfolio of multiple loans to underpin the green credentials of its green loan products.
Verifiable green loan portfolios also create the opportunity for NAB to act as an intermediary between investors in term deposits or bonds who increasingly expect their money to be used for green purposes and borrowers who are wanting funds to transition to greener business models.
NAB has recently minted a stablecoin to help digitise this connection and create greater transparency for all parties.
“With our stablecoin functionality, that can be characterised as a tokenised deposit, plus our use of blockchain to verify our green assets, a tokenised green deposit offering is certainly in NAB’s Digital Assets product development pipeline,” Mr Silby said.
“This is a new era of transparency which is essential if we are to direct funds at scale to the transition to a green economy.”
Customers seeking more information about NAB’s Agri Green Loan can find details on our website, including how you can get in touch with one of our agri-banking specialists..."
Yeah sure. Current tether and other ponzi pyramid schemes pegged to dollar will lose the biggest. The stablecoins coming out have nothing to do with ether/crypto scams or projects. Bye bye this year. Enjoy it and brag while they can I guess.
NAB’s Stablecoin Launch Could Shake Up the Traditional Banking Industry
https://dailycoin.com/nab-stablecoin-could-shake-traditional-banking-industry/
"National Australia Bank (NAB), one of the four largest banks in Australia, plans to launch a stablecoin called AUDN in the middle of 2023, according to the Australian Financial Review (AFR). The Australian dollar will fully back the stablecoin, and the NAB will hold the money.
The stablecoin will also aim to allow customers to settle transactions on blockchain technology in real time using Australian dollars. AUDN could also be used for carbon credit trading, overseas money transfers, and repurchase agreements.
AUDN will launch on Ethereum and the Algorand blockchain, a smart contract platform similar to Ethereum. Stablecoins like AUDN are pegged to an asset class to help stabilize their price, potentially making it more efficient and cheaper than interbanking cross-border payment solutions.
Australia’s Stablecoin Amid Crypto Industry Regulation Efforts
This marks the second major Australian bank to become involved in creating a stablecoin. Australia and New Zealand Banking Group (ANZ) teamed up with crypto custodian Fireblocks to mint a stablecoin pegged to the Australian dollar called A$DC.
Australia also has introduced token mapping to identify and manage crypto tokens, while the central bank has started a pilot test of potential use cases for CBDC. This is currently due for completion by mid-2023. The government has also promised to establish a framework for licensing and regulating crypto service providers to help increase safety around crypto.
The AUDN stablecoin will be backed 1:1 by the Australian dollar. It is aimed at streamlining cross-border remittances as well as carbon credit trading. NAB chief innovation officer Howard Silby said the decision to mint the AUDN stablecoin was based on the bank’s belief that blockchain infrastructure will play a key role in the next evolution of finance.
“We certainly believe there are elements of blockchain technology that will form part of the future of finance…From our point of view, blockchain has the potential to deliver instantaneous, transparent, inclusive, financial outcomes.” Silby stated.
Impact of AUDN on Transactions and Digital Economy
The implementation of AUDN for real-time, cross-border remittances could become a way for customers to sidestep the slower and more costly SWIFT payment network. Furthermore, AUDN has potential use cases in carbon credit trading and tokenized transactions.
The launch of AUDN by National Australia Bank aligns with growing interest in blockchain and stablecoins among financial institutions. It is also expected to make transactions more efficient and cost-effective and support digital economy growth. Additionally, the adoption of blockchain by more banks may lead to further innovation in finance.
On the Flipside
AUDN could disrupt traditional financial institutions by providing a more efficient and cost-effective solution for cross-border transactions.
The use of stablecoins is increasingly being seen as a threat to traditional forms of currency. Financial institutions raise concerns about the stability of such an economy.
Financial institutions’ adoption of blockchain technology and stablecoins also risks market manipulation and reduced competition.
Why You Should Care
The launch of AUDN by NAB is a significant development in the financial industry. The efforts further align with the Australian government’s efforts to regulate the crypto industry, making it worth paying attention to, particularly in the region."
NAB creates a stablecoin in boost for digital economy
https://www.afr.com/companies/financial-services/nab-creates-a-stablecoin-in-boost-for-digital-economy-20230117-p5cd8f
more details re new stablecoin AUDN in the The Australian Financial Review article linked above.
National Australia Bank to launch AUDN, an Australian dollar-pegged stablecoin
https://www.kitco.com/news/2023-01-19/National-Australia-Bank-to-launch-AUDN-an-Australian-dollar-pegged-stablecoin.html
Aussie ‘Big 4’ bank mints stablecoin for carbon trading and remittances
https://cointelegraph.com/news/aussie-big-4-bank-mints-stablecoin-for-carbon-trading-and-remittances
National Australia Bank launches stablecoin for carbon credit settlement
https://www.ledgerinsights.com/national-australia-bank-nab-stablecoin-carbon-credit/
National Australia Bank to Launch Stablecoin on Ethereum Network, Algorand Blockchain
https://watcher.guru/news/national-australia-bank-to-launch-stablecoin-on-ethereum-network-algorand-blockchain
JUST IN: 🇦🇺 National Australia Bank launches #stablecoin fully backed by Australian dollars.
— Watcher.Guru (@WatcherGuru) January 19, 2023
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