The crypto lending market has taken a turn for the worst recently. With many service providers going under, and others under intense scrutiny, what is the future of these companies? Are your coins safe or should you abandon ship? Sub for more crazy crypto news - http://voskco.in/Sub
Check out the full episode of the On-the-brink Podcast with BlockFi Founder Zac Prince - Zac Prince (BlockFi) on Navigating Through the Storm (EP.329) - On the Brink Podcast
If you’d like to sign up with BlockFi, use our link for up to $250 free - BlockFi Partner Promo | v2
Earning passive income with cryptocurrency is the dream - but it often requires you to hold your coins in a third party exchange, potentially risking your custody of them. How do you determine which crypto exchanges are safe? Crypto has recently taken a huge hit with the downfall of many CeFi (centralized finance) lenders. Is the entire space safe, or should you get your coins out into cold storage like a hardware wallet? Today I’ll go over all the current news regarding valuations, bankruptcy, purchases and new alliances - ensuring you both save and make money!
BlockFi’s Letter from the Founders - https://blockfi.com/a-message-from-our-founders-july-2022
Voyager freezes withdrawals! - Crypto broker Voyager Digital freezes withdrawals after disclosing over $500 million exposure to 3AC | Fortune
FTX discards buying Celsius due to missing $2 Billion?! - FTX discarded Celsius deal after reportedly finding $2B missing from its balance sheet
Timestamps
00:00 Can you still earn passive income by lending out your crypto?
01:36 CeFi lending platforms are crumbling: is BlockFi still safe?
02:40 Why would you want to use a CeFi Lending app?
04:00 Celsius mismanaging their funds
05:06 BlockFi weathering the storm?
08:11 BlockFi has faced heavy scrutiny from the United States
09:05 I still use BlockFi myself
10:20 3A Three arrows capital insolvency
11:38 Risk versus reward
13:10 CeFi fills a important niche
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Crypto Lenders in TROUBLE? Your COINS AT RISK?!
