FTX, CZ, Hive, Leverage and a different kind of Bloodbath>>>> Leofinance Curation Post
@HODLCommunity presents to you the 229th LeoFinance Curation Post
We feel very excited as we think we will address one of the most important issues on the leofinance.io platform: Curation.
We truly hope, big stakeholders will support this initiative in order to spread rewards to some amazing writers.
Our goal is to support content creators and generate qualitative interactions between LeoFinance users.
We will set a 5% beneficiary for every author selected in this curation report.
So Lions 🐯, let's roll !
Why what happened to FTX and FTT is impossible with Hive and HBD! by @pele23
First what happened to FTX and FTT, and subsequently Alameda Research. The CoinTelegraph did some research and found out that in the second quarter of this year, Alameda Group was overleveraged and got essentially "bailed out" by FTX, by getting a collateral of 173 million USD worth of FTX. That was necessary because, Alameda Research was involved in the ICO of FTX from day one. Alameda was the recipient of 4 billion USD worth of FTT from day one. So, FTX had no other option than bailing out Alameda last quarter, or they would go down with them.
Leverage: When They Forget It's A Two Way Street by @ugomarcel
Crypto trading has evolved over the years. What used to be just about spot trading has gone on to include different forms of trading. One being futures contract.
A different kind of Bloodbath! by @simplifylife
Blood in the
streetsmarket. Absolute bloodbath! Shit is going so loose it almost seems the market is having a bad case of acute bloody diarrhoea! Sorry, LOL! But there couldn't be a more fitting choice of words for what we see below!
CZ is doing what Elon Musk does for breakfast. by @ebingo
The crypto market falling right now has been the weirdest so far because it was almost as if we could see what was about to happen before it happened. Starting with CZ being seen as the enemy of the state after he appeared to have helped FTX with their processes. FTX’s owner attacked this post as if he didn’t know what he was saying before we knew what was happening the two of them were on the same side and the general public was on the other side.
Not your keys, not your cryptocurrency by @tfame3865
This post is created by @belemo to curate quality content on LeoFinance.As for your information I am trying to keep to my words because I said that I will make sure that I enlightened we on what not your keys, not your cryptocurrency means through my next post. I throw little light on it with my last post which I tagged the reason why being observant and focus when it comes to cryptocurrency is very vital. On that post I was able to talk alot of things. I am not hyping it but for those who wants to falls back to it in other for them to have a read, they can simply check on my blog, it was the post I dropped just yesterday so it it easier to locate.
Hive on !
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