Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 22/11/2023, 03:54:40 UTC
To sue an exchange is the new china bans bitcoin?  Roll Eyes
Losing binance shouldn't effect King Daddy at all and might help by curtailing the shitcoin Eth tard manipulators but Kraken is a good onboarding platform that would suck to lose.
Many got panic on thay news and they think it will be huge disaster for crypto to lose cz or even binance. But if they just widen up their minds they can see a lot of reputable exchange still running if binance will get affected on the issue.

Kraken is one best alternative with that and it seems many people doesn't get a damn on the news that's why a slight downfall only happen since many are not totally affected with current news about CZ plead guilty news. Still best to hodl no issue could stop this upcoming bullrun  Smiley.
CZ stepping down is because he knows he did the exact same thing with Binance that SBF did with FTX.

That's not true.

The only difference was that Binance had enough customer funds on deposit that they were able to hold the price of BNB up to avoid liquidations.

 Ok.  So CZ did the same exact thing as SBF, except CZ did not run off with customer funds like SBF did, but otherwise he did the same thing.  Yeah right.  Roll Eyes Roll Eyes Roll Eyes  The exception swallowed the rule.

As soon as they started offering wild rates again for stablecoins it was obvious they’re sitting on a house of cards. Hopefully everything unwinds without crashing the market too badly.

Agree with this. $4.3 billion is a lot of fine to pay, so then some of the devil in the details are going to involve the extent to which Binance and/or Binance US can continue to operate... and do they have funds to cover all of the client funds, in the event that clients (customers) continue to leave their services.

Mind you, I sometimes use Coinbase and/or Kraken because of my location (US), but would I have used Coinbase instead of Binance if i were outside? I am not sure.

In some places, Binance may well be amongst the best if not ONLY of options.