/biz/ - Business & Finance

>>56034007
Binance is still SAFU

>>56034007
Simple: not your keys not your coins

>>56034007
Don't make the same mistake again. Use self custody wallet

Everyone has hedged around Binance now anyway, Binance going down will be a nothingburger, because everyone had months to get their funds elsewhere.

>>56034007
Is it binance US or binance global?

>>56034007
What the hell is going on? CZ will go bankrupt like SBF

>>56034007
It's visa and Mastercard loss not the binance company

>>56034007
This is my favorite exchange . Shall I go MEXC?

It's only over if you do not invest in AXS, especially with the upcoming release of another game.

>>56034007
coward

>>56034007
jeets uses CEX??

>>56034007
I dare you to leave all centralised shits.

>>56034007
Go back to the golden rule. Don't be a slave in centralisation.

>>56034007
I'm tired of reminding all of you

>>56034007
If binance goes down, we all get rekt

>>56034007
GO TO HELL

>>56034007
What a mess

>>56034007
Crypto prediction market says Binance has 12% chance of insolvency by 2024. Decentralized crypto prediction market Polymarket is currently giving Binance a roughly 12% chance of becoming insolvent by the end of the year

>>56034007
Here are some possible consequences of a Binance shutdown: A sharp drop in the prices of bitcoin and other cryptocurrencies. Binance accounts for a large share of the global crypto trading volume and liquidity. If Binance were to cease operations, it would create a supply shock and a panic sell-off in the market.

>>56034007
Binance is one of the safest and most secure cryptocurrency exchanges, but you still shouldn't keep your money there for long.

>>56034007
SEC files 13 charges against binance and yet you're using it lol

>>56034007
It's the end.

>>56034007
US and UK are all BS

>>56034443
Can you support it?

>>56034475
This is what I'm thinking

BINANCE DAYS ARE NUMBERED

>>56036450
Over?

>>56035724
Binance remains a decent exchange and a go-to option despite the regulatory issues. However, it would be even better to have no issues associated with it, so users wouldn't have any concerns. Platforms that are fully regulated will be the ones that matter the most.

>>56036892
Almost all has regulatory challengers. Not your keys not your coins

>>56036450
Binance days are over

>>56036944
You're mistaken on this, and it's important not to generalize. There are still platforms that are fully regulated because they adhere to compliance standards. User-friendly experiences and daily user satisfaction are crucial, especially for fintech companies.

>>56034007
Lets say you still have a visa binance card. What can you do with it?

>>56036985
The only fully regulated platform is coinbase and regulators hate it. It also pulled out of Japan. It is however not regulated in the sense of a current account in a bank. Your funds are not insured if they are in crypto. The reason coinbase is different is as much a side effect of the fact it is a publicly listed stock that has to present audited accounts to the SEC as any of teh (many) regulatory registrations it has. Binance has almost none, in fact very few of the other exchanges have any kind of regulatory compliance worth a shit in the US or EU and are little better than FTX

>>56037011
Nothing is safe broo

>>56034007
>After Visa and Mastercard terminated their partnership with Binance due to regulatory issues
Binance cards still work fine, what are you on about?

>>56037021
Yet some things are safer than others. In general crypto exchanges are not safe. Of all of the coinbase is the best not for any reason other than it submits audited accounts to teh SEC because it has to as a side effect of being a traded stawk. Frankly all the other registrations and regulatory compliances it does are shit because the regulatory regimes and mechanisms themselves are shit anyway. Most exchanges don;t have any compliance and Binance is actively hated by regulators in places like France. Binance hired Mazars to audit them and Mazars walked off and quit. Not a good sign. I don;t think CZ is a crook but binance is a ripe to be fucking cruished by any EU or US regulator who wants to make a name. Coinbase has built what is called a 'regulatory moat' to give itself a lead and is somewhat protected by it from regulators (it has demonstrably tried to comply).

>>56037046
I was trying to figure that out too, I'm not sure the debit card is being pulled by visa in all nations. Visa are not saying much. Never used it anyway.

>>56037047
So what is best to use now

>>56036985
Many fintech companies possess these features, and most of them are regulated and licensed to operate. But I dislike the fact that some of them engage in censorship by cutting off services to whistleblowers.

Should I move all my BSC coins over to ETH? I'm worried im going to get rekted

>>56037047
Jim Cramer coming out and saying he's bullish on CZ and Binance carries significant weight. Nothing about that MF is ever straightforward; the retard always goes against popular opinion and critics.

>>56037073
>>56036985
>There are still platforms that are fully regulated
Absolute bullshit form you there I see. Believe me NONE of the crypo to related companies have regulatory compliance worth a shit, coinbase excepted because its a SEC regulated stawk company but NONE of these regulations make your money safe. Most auditors won't even touch other crypto companies, even big ones like binance.

>>56037047
>>56037073
I have no issues with Coinbase; it's a decent exchange for me, and I even have coins there. Have you researched Btse, Cryptocom, Tap, and Gemini? They appear to have no regulatory issues, but I won't draw conclusions too quickly as things are changing.

>>56037097
I could not give a flying fuck if Jim Cramer decides he's a tranny and rams CZ up his ass. What JIm Cramer knows about crypto could be written on the back of a matchbook, lost forever and there would be zero difference in the world. What the fuck are you even doing posting here? Has this board become THIS fucking tarded that you are citing Jim fucking Cramer?

>>56037073
>most of them are regulated and licensed to operate
If they are regulated AT ALL it is just as payment processors and not even in all the states and jurisdiction they do business in. Pretty fucking meaningless. Nothing to do with e,g bank regulation and FIDIC at all. Most don;t even publish any audited accounts. My feeling is that FTX is the norm not the exception.

>>56037131
Pls check Bybit, OKX and MEXC and tell me

>>56037083
I've stopped using some of their services, like their card service, for a while now. Binance's local unit is no longer authorized to provide any regulated services in the UK, and they will soon halt their services there. I'm not criticizing or shitting on the exchange, but Binance has to sort this out.


if Binance goes down, web3 will definitely follow suit.

>>56037140
No. I'm the guy you pay with real fucking money do do that. I can also pretty much predict what will happen. I will ask some questions and go over what's publicly available and contact the regulators (usually a central bank) the regulators will say they have no engagement with them at all, I ask the regulators if they know what their governments financial liability will be if it turned out to be a fraudulent business, they say they have no ideas, the business will ultimately not reply to my questions (they may try and meet me and try and bribe me or even threaten me). They will have not filled correct annual tax returns and declarations in the jurisdiction they have registered in and their banking will be some shady bullshit setup by a failed cocaine addict laywer in London who was struck off by the law commission. Actual reality there for ya.

>>56037143
No wonder why visa and Mastercard quit

>>56037164
You're saying everything is being paid to become a regulatory approved?

>>56037143
The UK shut them down(correctly) over being an unregulated futures trading platform. Having said that CZ could probably have headed that off by making a donation to the Tory party(London runs on dirty investment firms tied to the ERG Tories). Too late now

>>56037143
But remember that Binance and the broader web3 ecosystem are not inherently intertwined. Binance's regulatory challenges should be viewed as specific to the exchange itself and its compliance issues rather than as a reflection of the entire web3 space.

>>56037174
No. I'm saying most (all) of the companies in teh crypto space are so far from any meangful regulatory companies (if it even exists) that they don;t even meet the required legal accounting practises of a shop or a garage in doing taxable returns. registering as a payment processor is not 'regulation' as a crypto broker (I think Germany actually has that registration as well and accompanying but minimal laws and standards).

>>56037188
>the broader web3 ecosystem are not inherently intertwined
You need to stop doing cocaine and spouting bullshit. Web3 my ass.

>>56034007
Isn't it anti Semitic to suppress Chainlink though?

>>56037202
You mean the chainlink registered in the Bahamas for transparency reasons. yeah and I don;t even class that as a particularly dodgy one. For dodgy see the exchanges.

>>56037166
It's good that there are other options in the region, but identifying a reliable one can be a real challenge, anon.

>>56037107
Can we even use it? Hold your coins on self custody
>>56037164
Why so serious on this matter? Use self custody wallet

>>56037166
>No wonder why visa and Mastercard quit
Chain of regulatory compliance, Binance has no audited accounts. Fucking dodgy. They don't; want to wind up carrying the can for payments left clearing and fraud on their payments network if everything titanics after FTX.

>>56037201
You're in the old world anon, Web3 represents a rapidly evolving space with genuine potential, and it's worth exploring its various aspects objectively to understand its impact better.

>>56037231
I've been around crypto since it began on bitcointalk and unlike you understand that a bunch of shit held in wallets is fucking worthless if you cannot get it into fiat. To get it into fiat you need an exchange that can operate with existing fiat payment services like IBAN, SEPA, even charge cards etc What the fuck use are wallets (even a paper one) if the entuire infrastructure that makes it worth a fuck is rotten to the core? I like to think of times like this as a beech. When the tide is in and the bubble is growing its bikini thongs and mohitos on sun loungers but when the tide goes out and interest rates rise...all the dead bodies and sea monsters and plastic thrash are left lying over the beech and its ugly as fuck. You think lehmans would have crashed if the tide had not gone out? That's when you see the rotting whale carcass everyone was swimming over

>>56037234
>Web3 represents a rapidly evolving space with genuine potential
Are you actually ramming cocaine up your ass while you type that because that's just about your only plausible excuse for spouting utter shit. You may as well be pimping fucking netware. If I sell a pen you'd buy it in a heartbeat not imagine me sticking it in my ass.

>>56037232
Fuck anon, Binance is just one player in the space. Many exchanges face challenges with regulatory compliance, but that doesn't necessarily mean all aspects of their operations are 'dodgy. Now, Visa has expands its cross-border payments to Solana. What do you have to say?

>>56037231
It depends on where you want to hold your coins, as some people prefer centralized platforms for their ease of access and management. Others prefer non-custodial wallets for peace of mind. Both works tho. The choice is yours.

>>56037257
>Many exchanges face challenges with regulatory compliance

>>56037257
>What do you have to say?
I say you are an unobjective fuck who has a naked financial concern in crypto going up even if its rotten to the core and would merrily laugh at anyone who losses money in shit like mtgox or ftx as long as it was not you Interest rates and the end of cheap money mean there WILL be more FTXs.. It really is that simple. Visa and Mastercard etc will unplug and walk away from anything that is not simple payment processing on the same scare as selling used books. They don;t want an exposure to badly run jokes like FTX which is the norm in crypto space.

How many of you idiots even have a pension or 401K with more in it than you have in crypto?

>>56034007
Not my cup of coffee, OP. I'll switch to the first regulated app by GFSC for my daily financial transactions.

>>56037261
Useless if there is no user

>>56034443
I'm sticking with Revolut, Fag. Only XTP-supported apps offer me lower fees than them.

>>56037107
Are you taking to tap to tap contacless payments retard,?

>>56037098
"It seems my point isn't quite coming across. I'm not talking about crypto-related payment solutions. Most of their payment and cashback mechanisms seem like a way to mint more tokens to promote their products. I don't use any of them, and I don't foresee myself doing so. I'm cool with using my credit card for payments.

>>56037248
Are we fucked?

>>56037252
is obvious you've invested in shitcoin that suck blood and your choice of exchange might not have been ideal. I'd recommend you dyor on those that prioritize user fund security by holding them in segregated e-money client accounts to ensure better protection. Sorry anon.

>>56037322
Can you shed light on this?
>>56037351
That's a different method, anon. I'm referring to the name of the fintech company that offers a Mastercard debit card.

>>56037107
I know some of these but don't use any, but I have a friend who uses tap. Is it tap global, or fintech, something like that? I keep wondering what could actually be the game changer that made him refrain from others other than BNPL.

>>56037343
Beside the low fee offered, tell us about it's security, variety of crypto, and regulatory compliance or get the fuck out

>>56037369
You so stress

>>56037352
kek, who f**king cares? You could wind up utilizing the app of the first startup to introduce a crypto prepaid payment card with Mastercard in the EU.

>>56037109
Kek

I am not in any way endorsing him. He is the least suitable person to discuss the exchange. Regardless of his influence over others, he should not be considered important. He's a retard, a confused faggot and MF.

>>56037403
Based Anon. Just read they're boosting security against remote scams, Pajeet.

huh? My binance card still working

>>56037369
All my holdings are utility tokens - RIO, XTP, MATIC, and BST. Remember, don't judge a book by its cover, newfag.

>>56037369
You're an idiot spouting buzzwords. My investments are not your concern and I don't gamble on crap like crypto.

>>56037456
You are living a life of disappointment unless by Rio you mean Rio Tinto in which case I just say meh

>>56037407
Go home
>>56037428
updated on security measures. Vigilance against remote scams is crucial in the crypto space.

>>56035713
Is binance too big to fail? It would be positive for crypto in the long run, more decentralization for the many services they offer.

>>56037391
You might want to Google it for more information instead of relying solely on this platform, where answers can vary. It's related to fintech, if you need a clue. Trading crypto or making payments using the card can be a money-saving option, but it ultimately depends on your preferences. If you're rich, you can spend more lol and use any service you like.

>>56036450
How can I profit from binance’s collapse? Fuck CZink he deserves it for propping up dbi subhumans

>>56037481
Huh? You're not investing crypto?

>>56036985
>written by chatgpt

>>56034475
this

>>56037456
It's ultimately your decision, but it's worth noting that SOL is gaining traction, and this could explain why Visa is expanding its cross-border payments to the Solana.

>>56037109
It’s the opposite zoomer. If Jim Cramer says buy you sell

>>56037481
Boomers like you will just be offloading their bags and dumping constantly. shitcoin

>>56037234
>chatgpt

>>56037248
some of a beech

>>56037369
>chatgpt

>>56037532
Imagine trusting Sam’s homies in the current year

>>56037532
Will that even dent those insane crypto fees? Nope, I'm riding with the app that just listed BAT into their mix.

>>56037456
Diversifying is good, but avoid investing in shitcoins to maximize your rewards. Long-term altcoins, long-term play.

>>56037512
You've got no clue, Anon. It's an all-in-one investment, finance, and trading powerhouse.

>>56037403
Regulations matter, Anon. I'm using the card from the first publicly listed, regulated Fintech to simplify crypto and fiat transactions. Get this into your d*ck head, Fag.

https://www.youtube.com/watch?v=dFoW2ah8zTU

https://www.youtube.com/watch?v=A5A5Eu0ra3I

https://www.youtube.com/watch?v=NImV4i7svfQ

>>56037576
underrated

>>56037736
Wtf, many services claim to be all-in-one platforms but can't even expand globally. What's the point of launching such services if not everyone can use them? Think of it.

>>56037820
Inflation?

>>56037929
1929 style deflation with no one large enough to bail them out on top of decades of corruption, lying, incompetence, fraud and the largest property bubble in human history, as well as overstating the size of their GDP by anywhere up to 60%. Chinas economy is not just fucked, its record attempt at the worlds biggest bang bang resulting in a outcome comparable to the 1929 great depression in the US but worse, including actual starvation. They may even go to war just to deflect because the CCP will be in danger of death anyway so why not..

>>56034007
Binance is not doing so good now. I still have my CryptMi VISA card so this won't affect me that much. They are also stopping BUSD.

>>56034443
Well, the on-ramping situation with local banks is beginning to get sticky. I for one explore Fintech options that make the process hassle-free with low transaction fees.

>>56034007
Binance is Safu but I've currently linked my visa card to my CryptMI app to purchase anything I want

>>56038470
Can you use it to settle your travel fees? The one I'm using currently is available in 45+ countries and handles my travel payments.

>>56037109
>Cramer
It is called the reverse Cramer effect. He has been bullish on every bank that has collapsed, FTX and a couple of other things.

>>56037992
Everyone will be affected

>>56034007
>Visa and Mastercard terminated their partnership with Binance
But they still have partnership with other blockchain projects while Visa still got bond with CryptMi. So they are still indirectly into crypto.

>>56037914
Global adoption is in the works anon, you can check the records of countries this Fintech service is already available in and they are still making moves for expansion.

>>56034443
not your keys not your coins

>>56037512

>it ultimately depends on your preferences.


I'm glad you pointed out this fact, but it doesn't take anything away from me to explore. I'm open to new possibilities, but I've been relying on a credit card for now. I'm 24 years old, but I'm still fucking struggling financially, have no inheritance, and live in the basement of my father's house. The system is fucking broken.

>>56037179
This is the great thing about the biz. Well, let's see how this unfolds with them at this point cause many users are concerned about the safety of their assets on the exchange.

>>56036450
Binance planning to delist BUSD is a sign that users might need to safeguard assets. Using a fully regulated all-in-one Fintech platform for my crypto needs seems like a safer option.

>>56039295
Are you sure

>>56039295
Trust me I moved most of my assets off there to my Metamask. >>56038815
>>56038470
It works on all VISA supported merchants.

>>56034007
Wtf, so first SEPA and now visa and Mastercard? Is this real? Wtf how will I cash out now, fucking americans ruining everything

>>56041713
It's real

>>56041759
Binance said on social media platform X (formerly known as Twitter) that the Binance Card will no longer be available to users in Latin America and the Middle East.

It's a FUD just dyored

>>56041797
Including Europe. Where is the fud anon?

>>56037708
You're right about that, chads with the long term picture in mind always win. I've got big hands on MATIC and XRP, I also aped in on XTP before the burn and I'm holding for future gains.

>>56041891
Binance visa card will still work in EU

>>56041891

>>56037522
Only retards would sleep on crypto after seeing the Bitcoin halving coming next year which could spark a new cycle. Now is the time to accumulate and I'm doing that on a compliant Fintech platform which lets me build a portfolio from as low as $10.

>>56041923
MATIC and XRP are good but getting some other promising gems that are not way high already. NXRA and PENDLE are some of them.

>>56042017
>>56042030
That's Mastercard. I'm referring to Visa in Europe. Check Google again.

>>56042370
What's your make-it stack for them anon.

>>56037351
This is a major highlight for me since I can save cost while transferring assets to other users of the app. I'm also looking to get the card for easier payments.

>>56038470
If its Safu then why are you switching sides

>>56034007
Stop the FUD and let's keep building.
Though I was affected by the MasterCard and Visa shit, I've moved to CryptMi card which even offers better services

>>56041797
That isn't a FUD. The government wants Binance to fail but retailers don't want that.
>>56043142
That's a good crypto card. I like its zero fees on all transactions

>>56037403
The Fintech company has anti-scam protection implemented for users and over 100 crypto to trade with easy on-ramping.

>>56043142
Anons are hyped about this. I'll give it a try. It better be worth it. I'll miss my Binance card.

>>56043945
>I'll miss my Binance card.
There's even nothing to miss here after I tried using CryptMi card across all stores I used Binance card.

>>56043142
Where is the fud moron?

>>56042398
i did theres nothing that says that binance visa card will stop working in EU

>>56045943
Europeans are affected. More research

>>56045945
"as it ceased issuing new co-branded cards with the firm in Europe as of July, a spokesperson for the company told Bloomberg." thats all i found

>>56042017
Whether it's FUD or not, I'm standing firm with Revolut and Tap app. Let that sink in.

>>56042772
I choose to use Bitfinex since it's partnered with a GFSC-regulated Fintech to provide the Bitfinex debit card to users.

>>56046111
scorch token is the greatest investment ever made because of the incredible dev team. and the burn rate is insane. I can't wait to see the first burn and hear all the FUDers cry that they missed out. The dev team has a plan that I fully support, I will have a Lambo by the end of the year. Scorch is going to change the world, it's not just another shitty copy cat token like the other 20,000 tokens that will launch this year

>>56045967
It's already ended

>>56045945
That's true as a result I already moved on to using CryptMi and Plutus.

>>56047198
Bro don't mention those shtcoins right now...there is only Scorch. Are you a real bro? Have you actually taken time to read the Scorch White Paper? You seem to think that by ignoring the fundamental thesis presented in this work you will have a leg to stand on. Just go all in on Scorch with the rest of us real men, you fcking loser. Here's the link

Thank God, I love my binance card, why do they hate Binance so much? Is it's because they hate China?

>>56048930
Yes, they hate CZ because he is Chinese despite being US citizens.

>>56047198
Ok