Crypto analyst Mike Alfred was quoted as saying that Celsius Network CEO Alex Mashinsky tried to leave the country via Morristown airport last week and planned to travel to Israel, but was blocked by the authorities. At present, it cannot be confirmed that the latter was arrested for other reasons and prohibited from leaving. Earlier news, encrypted lending platform Celsius has suspended withdrawals, transactions and transfers since June 13.
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Celsius was originally the largest lending platform for cryptocurrencies. As of May 17 this year, it managed 11.8 billion U.S. dollars of cryptocurrency assets, provided 18.63% “interest” and paid cryptocurrency depositors, with 1.7 million users. $750 million, including from Canadian pension fund Caisse. After the financial turmoil of the Luna and TerraUSD stablecoins, the USD lost its linked exchange rate, and another stablecoin, TetherUSDT, was 0.81 against the U.S. dollar, which has become a dynamic link exchange rate.
Coin speculation seems to have multiple senses of mission
The reason why cryptocurrencies are different from stocks, I believe that people have a more sacred sense of mission than stocks, is that its name is called currency. In the beginning, God created the heaven and the earth, and then created man and woman. The greatest invention in human life is related to fire; the greatest invention in economics is related to currency. Fire gave man the freedom of cooked food and freedom of movement at night; money gave man the freedom to store his wealth, and the battered man did not have to carry a wild boar to protect his property.
The symbol of money is equal to freedom, just like the human desire to see the light.
From the shell to the US dollar of the Fiat Money system, the currency has been going for 10,000 years, and gradually it has seen signs of corruption. Currency led by the U.S. dollar was abused to exploit currency holders, from freedom to slavery, and the rise of cryptocurrencies. Even if stocks, bonds, real estate, and other assets have grown exponentially, they have not been equated with freedom. financial freedom? It is the cash dividends paid out by the assets that generate freedom first, not the buildings or stocks themselves.
The currencies recognized in the foreign exchange market are inseparable from the Five Eyes Alliance in the English-speaking world, plus the euro, Swiss franc and Japanese yen. The currencies of other countries, even if they are “entity” and have an army behind them, don’t believe it, don’t believe it.
Concepts such as currency, central bank, etc., are all open to copying, and only minorities succeed. Putting it into encrypted code, it is the same, and it also needs to go through the impact of different financial tsunamis to make a recognized currency first.
Cryptocurrency is obviously decentralized. Every time something goes wrong, the founder can be called out. The image is not too centralized. If he asks you to buy coins and turn around to buy a car and a house with US dollars, what kind of cryptocurrency is there? How is it different from the indigenous central bankers of the third world? Or only Bitcoin, which deified the founder Satoshi Nakamoto all the way, resurrected like Jesus and performed miracles, and cryptocurrency has the opportunity to replace fiat currency.
clever
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About the author: Making money is the goal, and investing in stocks is the means. The column records the process from means to goals.
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