Re:Temporary pause of Bitcoin withdrawals on Binance
by vineyardmike on Tuesday June 14, 2022 @01:05PM
(#31742485)
You said it for years… but for years there hasn’t been a trigger.
There’s a trigger now.
The FED keeps raising rates. There’s a looming recession (or perceived to be. Same thing.). Markets, incl crypto are dropping hard. Several crypto projects are suspending withdrawals, locking peoples money away. “Stable” coins are getting dépêgged, which is destabilizing DeFi.
We’re starting to see dominos start to fall. Your broken clock may finally be right.
There’s a trigger now.
The FED keeps raising rates. There’s a looming recession (or perceived to be. Same thing.). Markets, incl crypto are dropping hard. Several crypto projects are suspending withdrawals, locking peoples money away. “Stable” coins are getting dépêgged, which is destabilizing DeFi.
We’re starting to see dominos start to fall. Your broken clock may finally be right.