Wall Streets Dr. Doom calls crypto corrupt gambling and rips proof of reserves trumpeted after FTX collapse @Nouriel
After the FTX Crisis, crypto marketers are looking for a new sales strategy
On Nov 11, FTX, the 3rd largest crypto exchange in the world, filed for bankruptcy and crash wiped out many portfolios, including the one held by FTX’s owner, Sam Bankman-Fried. So what led to this bloodbath on the bourses? Subscribe: #indiatodaymagazine
FTX ISNT THE FIRST RUG IN THIS SPACE AND IT CERTAINLY WOULDN'T BE THE LAST . CRYPTO SPACE IS UNREGULATED AF . A SPACE CREATED BY THE RICH AND POWERFUL TO MAKE MORE MONEY OF US. THAT'S THE TWEET
Coinbase is touting all the factors that make it a less risky place to trade crypto than FTX or Binance. But when a sector melts down, it brings everyone down with it.
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Let's be clear. Eli Lilly should apologize for increasing the price of insulin by over 1,200% since 1996 to $275 while it costs less than $10 to manufacture. The inventors of insulin sold their patents in 1923 for $1 to save lives, not to make Eli Lilly's CEO obscenely rich.