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From $10 billion to zero: How a crypto hedge fund collapsed and dragged many investors down with it


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4 hours ago, Scion said:

Step by step
Heart to heart
Left, right, left
We all fall down
Like toy soldiers

 

nice old song 😁

 

4 hours ago, Fcw75 said:

Martika. 😁

Lai lai, in case young people don't understand :grin:

 

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 Rather good video for beginner. Especially the explanation of blockchain, defi and currency. 

He holds crypto. 

His set up crypto exchange. 

He predicts blockchain will run the worlds back office in 5 to 10 years. (Consider just how much money that involves. ) and back offices are but 1 part of the system. (Digital sing dollar will also be blockchain. )

The collapse of 3AC is no different from Lehman (very regulated) and the other financial sagas, Tradfi (traditional finance) lives on. 

Same as dotcom and tech stock bust still produced Amazon,  PayPal, Google,  apple,  Facebook etc EVERY investor wished they got in on those early. 🤣

 

 

 

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29 minutes ago, Playtime said:

 Rather good video for beginner. Especially the explanation of blockchain, defi and currency. 

He holds crypto. 

His set up crypto exchange. 

He predicts blockchain will run the worlds back office in 5 to 10 years. (Consider just how much money that involves. ) and back offices are but 1 part of the system. (Digital sing dollar will also be blockchain. )

The collapse of 3AC is no different from Lehman (very regulated) and the other financial sagas, Tradfi (traditional finance) lives on. 

Same as dotcom and tech stock bust still produced Amazon,  PayPal, Google,  apple,  Facebook etc EVERY investor wished they got in on those early. 🤣

 

 

 

we already has digital SGD 

it’s called XSGD run on Zilliqa blockchain … locally developed in university project

https://www.straitsx.com/sg/xsgd

Edited by Wt_know
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33 minutes ago, Playtime said:

 Rather good video for beginner. Especially the explanation of blockchain, defi and currency. 

He holds crypto. 

His set up crypto exchange. 

He predicts blockchain will run the worlds back office in 5 to 10 years. (Consider just how much money that involves. ) and back offices are but 1 part of the system. (Digital sing dollar will also be blockchain. )

The collapse of 3AC is no different from Lehman (very regulated) and the other financial sagas, Tradfi (traditional finance) lives on. 

Same as dotcom and tech stock bust still produced Amazon,  PayPal, Google,  apple,  Facebook etc EVERY investor wished they got in on those early. 🤣

 

 

 


 

“a technology company offering banking services”  chey…….
so now DBS is a Tech company 👏🏻👏🏻👏🏻👏🏻 
🥶🤮
Use a fresher line lah, Piyush.   
 

oh did i hear the word “sovereign” too?

 

🤪😂🤣

Edited by Throttle2
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2 minutes ago, Throttle2 said:


 

“a technology company offering banking services”  chey…….
so now DBS is a Tech company 👏🏻👏🏻👏🏻👏🏻 
🥶🤮
Use a better line lah, Piyush.   

everyone wants to claim has a presence in FinTech

cannot be seen as traditional bank like “old cookies” … lol

Edited by Wt_know
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5 minutes ago, Wt_know said:

everyone wants to claim has a presence in FinTech

cannot be seen as traditional bank like “old cookies” … lol

Oh yeah, for sure, and how he sings praises of our public sector and leaders towards the end….😂🤣🫢…heehee…cannot not add that in right?

Edited by Throttle2
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48 minutes ago, Throttle2 said:

Oh yeah, for sure, and how he sings praises of our public sector and leaders towards the end….😂🤣🫢…heehee…cannot not add that in right?

Banking industry is all about licensing, no license means ah long....

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1 hour ago, Wt_know said:

we already has digital SGD 

it’s called XSGD run on Zilliqa blockchain … locally developed in university project

https://www.straitsx.com/sg/xsgd

I think that's more a stable coin. Not Singapore govt issued. But a peek of the possibilities.  

But it makes a case for block chain.  And maybe more importantly for Zilica and crypto. It's NOT a fraud. 

And more importantly,  if DBS says 5 to 10 years,  what is our schools teaching?

Are we gonna be again,  all FT in this critical sector. 

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22 hours ago, Playtime said:

 Rather good video for beginner. Especially the explanation of blockchain, defi and currency. 

He holds crypto. 

His set up crypto exchange. 

He predicts blockchain will run the worlds back office in 5 to 10 years. (Consider just how much money that involves. ) and back offices are but 1 part of the system. (Digital sing dollar will also be blockchain. )

The collapse of 3AC is no different from Lehman (very regulated) and the other financial sagas, Tradfi (traditional finance) lives on. 

Same as dotcom and tech stock bust still produced Amazon,  PayPal, Google,  apple,  Facebook etc EVERY investor wished they got in on those early. 🤣

 

 

 

looks like he is transforming DBS to be fintech company like alipay, grabpay plus trading platform like binance in addition to a  bank.  That is how  DBS can be  tech company providing financial services.

Edited by Ct3833
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19 minutes ago, Ct3833 said:

looks like he is transforming DBS to be fintech company like alipay, grabpay plus trading platform like binance in addition to a  bank.  That is how  DBS can be  tech company providing financial services.

look how big binance is in a few short years.

and crypto exchanges also launch credit card type service.

singapore cannot survive as a financial power house if it ignores block chain and crypto sector.... hard truths in a few years... end of decade at most.

only question is will singaporeans be totally out of the sector and see it filled only with FTs.

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1 hour ago, Ct3833 said:

looks like he is transforming DBS to be fintech company like alipay, grabpay plus trading platform like binance in addition to a  bank.  That is how  DBS can be  tech company providing financial services.

If you are Paylah user, you will notice DBS is moving that direction.

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21 hours ago, Playtime said:

I think that's more a stable coin. Not Singapore govt issued. But a peek of the possibilities.  

But it makes a case for block chain.  And maybe more importantly for Zilica and crypto. It's NOT a fraud. 

And more importantly,  if DBS says 5 to 10 years,  what is our schools teaching?

Are we gonna be again,  all FT in this critical sector. 

Regardless what is our school teaching, we have been skeptical toward new tech.

Everything must have clear guidelines.

DBS has a digital bank in India.

That’s DBS test bed.

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keyword Singapore-based ...

after all these CMI bites the dust ....

let's the real WHALE comes here ... 

whale only resides in AMDK USA .... lol

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12 hours ago, Jellandross said:

Another one bites the dust 

 

 

HOW TO even pronounce HODLNAUT........ trying to kopi some Patek watch model and goreng out a new name :grin: 

 

Ok ok I goooogle and HODL means Hold On for Dear Life ......... lucky at least BYD got wet dreamz   

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