We look at Bitcoin’s role as the true core element of the growing DeFi (Decentralized Finance movement). We also explore the practice of fractional reserve banking, the tactics similarly being employed by unscrupulous crypto exchanges, and the DEX (Decentralized Exchange) solutions moving forward.
At the end of this video we also give away this week’s Cryptotag Zeus Starter Kit!
References:
DeFi app bZx has been hacked. ETH lost still unknown. Estimates about $300k. bZx is 7th largest #DeFi app with close to 25k ETH (~$16m) locked.https://t.co/MKk81NYAZa
This validates my prediction that at least 1 DeFi app will be hacked this year. https://t.co/rJon2Sc8At
— Bobby Ong (@bobbyong) February 15, 2020
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Awesome content, banking will keep failing..
Mr. Bloom, wow very strong and true words…
Good to hear that speech. They are printing way too much money and getting away with it.
ICON is a better investment.
Moving crypto assets into own possession is a vitally important message, and it needs to be shared regularly. Bix Weir has been banging on about this for the past couple of years…Centralised exchanges are trading (fractional reserve) derivatives. Just look at the 24hr volume on CMC. For example, Litecoin has a total market cap of $4.7B yet has 24hr volume over $6B – how is that so???
Its how centralised exchanges (binance, bitmex poloniex etc) manipulate price.. by trading fake coins (derivatives) back and forth between themselves… its a fkn scam.
Who funds Tone? He's not living off his ability to trade that's for sure…
Defi sounds good in principle but are the projects really decentralised?
Btc may have fallen but capital has also not been moving away from cryptocurrency into traditional markets and this is a very good sign that this dump is temporary and would be over soon and it also indicates that this is a very good time to buy more BTC and trade to keep a profit equilibrium and earn more while waiting for the reversal to an upward trend which is around the corner. Morgan Norman has been helping me with trading by providing daily signals and I have been making a profit, making at least 4 BTC increase in my portfolio every month for the last 4 months now. I encourage others to find a competent trader like Mr. Norman and copy trades for maximum profitability especially now when there is lots of despair in the space. He can be reached via Telegram (NORMANTRADE) for his assistance on all crypto related issues
I would like this vid if it didn't had 2 commercial brakes
Kyber!
Uniswap switcheo snx maker dgtx
Thats a bold statement.
Make sure to SMASH the subscribe button.
But the rich are likely to remain greedy and continue to scoop up with ease so without qe there would be even less for the average people (although I know QE ends up in the hands of the rich too ) ? at least QE helps pump the crypto market
I always like your explanations thanks
waves
Looking forward to defi review
Been saying it a while, all these exchanges are shady especially Bitmex, Binance and the Asian exchanges. Binance clearly manipulates the price of garbage tokens like TRX and BTT which will eventually result in many bag holders. I predict all banks worldwide will offer tokens from the winning platforms, those platforms with REAL partnerships and REAL adoption. That means BTC, ETH, XRP and XLM with very few others. It has already started with German banks who will only carry BTC, ETH and XRP. It will put an end to these garbage exchanges and they will no longer be needed when it becomes obvious 99 percent of the tokens they carry are heading to zero. Nobody will need to sign up for shady exchanges and risk their personal information being leaked when all banks join the party.
Nice to see a fellow Brit calling out those shyster bankers, who lend the same money 200 times over and the politicians who willingly facilitate it by burying their snouts in the same trough.
It’s all crashing….run to the desk and hit the buy button !!!!
Anyone got any views on Unibright? See that ALTCB haven't covered it recently but its got a lot of people talking!?
The Moral of his speech was if you want to Rob people do it through white collar crimes. Be a banker
I'm buying be the dip
moon
Mati is my illegitimate uncle
Bitcoin is trash I sold all of it it sucs
Love the vids, keep them coming! @cryptotag
Bitcoin is the real shitcoin
crysp non emotional reporting
Who’s responsible a group of Chinese with a super computer duh ?
Decred (DCR) is building the best DEX we will have seen yet. Absolutely can't wait to see what they come up with. Come join the community ?
What a wast of time. All fluff!!!
If they keep doing this they going to end up people not want to gamble hard earned money on crypto …. scalpers going to scalp from each other not newcomers.
Altcoin Buzz is the place to go for altcoin news!
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