SEC Killed Crypto Lending. How to Lend Crypto. BlockFi and SEC.
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Crypto lending
SEC BlockFi
How to lend crypto
Crypto news
Here’s what went down… BlockFi agreed to pay $100M in fines for violating securities laws. The thing is, crypto lending and crypto staking is becoming more and more popular.
For the longest time it’s felt almost too good to be true.. Why would I keep my money in the bank if I can earn 8-15% by lending crypto?? But the SEC may be looking to put a stop to it.
Could the SEC be in the right here? Or is this simply a case of laws being outdated for new technology? On the one hand.. It’s no secret that there’s countless crypto scams.. That a little crypto regulation could be helpful. On the other hand.. Is this 90 year old document the best pamphlet to follow??
In this video we’ll be breaking down what is happening with BlockFi and the recent crypto news around crypto lending, what this means for your investing, and the future of crypto lending.
Timestamps:
RIP BlockFi
0:29 Here’s What Happened
1:37 How This Affects You
2:39 What’s Going on Now.
3:01 Offer
3:19 Technology and Controversy
5:35 The Solution…?
6:38 The Future of Crypto Lending
9:12 Important Points
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*I am not a financial advisor. This is not financial advice. Some of the above links may be affiliate links*
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What is the highest rate can we expect by lending on Kucoin?
Great job on your research Max.
I hate the SEC personally All they are doing is protecting the banks and allowing them to keep all the money instead of allowing everyone to profit. the banks takes our money and lends it out and in return gives us next to nothing. but crypto is giving everyone a chance to earn a good share of the money. the only difference is that even if they end blockfi we can still VPN out of the US and take advantage of crypto and still profit from it. Love your content!!
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Great video and some nice tips! This is a scary time for new investors but the best thing you can do is not to make decisions based on emotions. This could actually be a good time to buy more of your high conviction stocks or crypto on a discount. Wealth is created during bear markets, not bull markets. If your portfolio is really effecting your mental health then delete the app and go for a walk. Let the market do its thing and have a long time horizon. I buy and just trade long term more than ever, I have made over 16` btc from day trading with kathleen rife in few weeks this is one of the best medium to backup your assets incase it goes bearish
Kucoin is not letting people into their accounts and buying time… they are terrible SCAMMERS.
I got the advise to use them from this channel.
Please dont us them – check their TrustPilot reviews, on average they have 1.7 stars.
Who else think this bitcoin is easy but too nervous to start
Gary, Defi doesn't care
When it comes to stock market manipulation the sec (Gary gensler) claims his "hands are tied", yet when it comes to crypto he's suddenly all powerful, it seems the sec is purely there to protect the rich establishment and keep the plebs poor.
the tyrranical US govt is trying to destroy cryptocurrency
Your thoughts on Nexo?
IF there is anything that will allow the general population in the US to become wealthy, it will quickly be regulated, and the people will be "protected" from getting wealthy. This is is the reason you are capped with the amount of money you can contribute to your own retirement. They need you working and paying taxes so the upper crust elites can keep feeding their fat moon faces on a beach.
Nice video and great work, Honestly the right information is what we need to succeed. I believe the benefits of a successful trader comes from an expert and that is why i make huge profit with the help of Mrs Hailey Madison,Am in a long-term investment with her and my profit has increased tremendously she's a genius and that's why i always advice novice to trade with professionals like her.
The US government is the most annoying thing ever I swear people who don't hate the government are very suspicious to me
Nice video I'm new to cryptocurrency and I don't understand how it really works. Can someone guide me on the right approach to investing and making good profit from cryptocurrency investmen …
Just get a terra wallet and use anchor. Easy 19%
Prohibition in the United States was a nationwide constitutional ban on the production, importation, transportation, and sale of alcoholic beverages from 1920 to 1933.
Do you think, that we are experiencing a similar situation 100 years later with crypto currencies etc.?
Please make a vedio on meta mentions
Let's not forget that the biggest payouts in the markets don't come from great performances but rather it's great promotions. Stay invested, diversification for streams of incomes is very important.
What do you know about Pancake?
or just don't use centralized crypto products. I knew blockfi wasn't for me when my withdrawal of funds had to be 'approved' by staff
Anything that threatens the banks gets slashed
Wanna Stake and Farm i suggest Algorand & Drip Network not financial advice
I have earned a lot of profit from the crypto investment platform you recommended to us few weeks ago in one of your videos. Thanks much for the recommendation, I have gained a lot from your channel
SEC is trying to protect banks, they know exactly what they are doing and they are just trying to screw over the little guys.
The SEC is not an enforcer, nor and legislator. They can only suggest the DOJ or Congress do things.
SEC has NO jurisdiction within Web 3.0. Decentralization makes it so! If you are using a centralized platform run by a company….YOU ARE GOING TO LOSE! Stop being STUPID! We keep producing idiot-proof tech, yet parents keep producing BETTER IDIOTS!
heres the facts… Decentralized means gov cant do shit! and decentralized also means if you used a decentralized exchange the gov cant do shit STOP FEAR MONGERING teach people what they need to know. And that is FUCK THE GOV FUCK THEIR TAXES. nacho keys nacho crypto period