Binance's books are a black box, filings show, as it tries to rally confidence

Re:Binance's books are a black box, filings show, as it trie... by JumpCrisscross on Monday December 19, 2022 @02:12PM (#34056255)

> their implosion would surely do more to damage cryptocurrencies than global US Dollar hegemony

Crypto never threatened the dollar. What is creating issues is crypto’s risks causing losses to Americans and, possibly, the American financial system.

[ Parent | on HN ]

Re:Binance's books are a black box, filings show, as it trie... by corv on Monday December 19, 2022 @02:21PM (#34056381)

This crypto and asset bubble was of their own making!

Quantitative easing directly lead to inflated asset prices and inflation.

Then VCs jumped on the bandwagon and pushed FTX to unsustainable heights.

Now people all over the world are suddenly supposed to sit in cash while everything is crashing with high inflation to boot?

[ Parent | on HN ]

Re:Binance's books are a black box, filings show, as it trie... by rvnx on Monday December 19, 2022 @02:35PM (#34056553)

This is why God created I-Bonds.

[ Parent | on HN ]