/biz/ - Business & Finance

>>50232792
there's plenty of non-kyc futures exchanges; just go to coingecko and start clicking; but they all fall under the category of "shady asian exchanges".

the legit ones; binance, ftx, and kraken if you don't self-disclose that you have 50 million dollars in the bank (if you don't they can suspend your account) ban americans.

the situation is fucked; which is why kucoin is relevant; LOTS of americans use it; and LOTS of americans using /biz/ could get fucked hard. Celsius was an obvious retard move to have money in; kucoin is going to catch a lot of people.

fuck holding funds in it; for many it's the main intermediary between their on-ramp/off-ramp and the rest of the crypto world; big transactions could get stuck there easily.

>>50128448
Personally I know that he did shill celsius and bancor and maybe even blockfi. I think he even shilled nexo until bizfags started the crusade against them which probably forced his hand to remove his endorsement and start attacking them. I mean maybe he was even paid by bancor since he was such an advocate for them to attack nexo and other lending platforms even though he knew bancor was doing the same shady shit.

>>50089646
I used Celsius (and nexo) for about a month after the team gave them their funds.
I realised how immensely fucked the whole thing was and took it all off there. I put some thought into it and knew the only way they could be earning 20% was by taking the same level of risk as credit card providers. Except even more shady since they weren't fucking banks.
I'm very glad I got my link off there, I am disgusted I put any on these platforms especially after we all found out about their shorting antics.

>>50090027

I understand that. It was shady from Celsius to present themselves as a bank or whatever BUT if you are going to deposit your life savings somewhere you have to understand what you are doing. You can't make 15 min of DD and then come crying when you get scammed.

>>50042291
>Bullish af - nexo is insolvent.
you retard linkies should explain to you bot's code write to add this part. Instead of calling everything "FUD!" "NEXO IS INSOLVENT!" "YOU HAVE MULTIPLE IP ADDRESSES LIAR!"

This is all you had to say.
>Nexo, Celsius, and other shady lenders who blatantly took user' funds and shorted $link are now insolvent. Marines, the best part is if we short squeeze now, we will really put the nail in their Bulgarian and Jewish cunts. Now that the they are officially dead, the suppression everyone has been saying will be turned off. Sergey will flip the switch, with CCIP+Staking. 2 more weeks.

>"Furthermore, we are honored to provide world-class treasury management for Chainlink, giving them secure custodial services and interest-bearing opportunities," said Mashinsky.
So just how much was given by Chainlink to be held by Mashinsky? Why hasn't Chainlink said anything on this?

Remember, Mashinsky put a literal bimbo pornstar in charge of managing $300 million in Bitcoin assets. You have to accept that Sergey is an utter retard for trusting this obviously shady character or he was in with their corrupt antics.

>But Chainlink is so widely used bro
Has nothing to do with the decisions they've made on this. At a time when /biz/ is making fun of people who put their money into Celsius and mining the salt, the LINK shills don't want to talk about the fact Chainlink used their custodial services? Instead they try to deflect and change the subject. Nothing suspicious at all about that!

>"Furthermore, we are honored to provide world-class treasury management for Chainlink, giving them secure custodial services and interest-bearing opportunities," said Mashinsky.
So just how much was given by Chainlink to be held by Mashinsky? Why hasn't Chainlink said anything on this?

Remember, Mashinsky put a literal bimbo pornstar in charge of managing $300 million in Bitcoin assets. You have to accept that Sergey is an utter retard for trusting this obviously shady character or he was in with their corrupt antics.

>But Chainlink is so widely used bro
Has nothing to do with the decisions they've made on this. At a time when /biz/ is making fun of people who put their money into Celsius and mining the salt, the LINK shills don't want to talk about the fact Chainlink used their custodial services? Instead they try to deflect and change the subject. Nothing suspicious at all about that!

>"Furthermore, we are honored to provide world-class treasury management for Chainlink, giving them secure custodial services and interest-bearing opportunities," said Mashinsky.
So just how much was given by Chainlink to be held by Mashinsky? Why hasn't Chainlink said anything on this?

Remember, Mashinsky put a literal bimbo pornstar in charge of managing $300 million in Bitcoin assets. You have to accept that Sergey is an utter retard for trusting this obviously shady character or he was in with their corrupt antics.

>But Chainlink is so widely used bro
Has nothing to do with the decisions they've made on this. At a time when /biz/ is making fun of people who put their money into Celsius and mining the salt, the LINK shills don't want to talk about the fact Chainlink used their custodial services? Instead they try to deflect and change the subject. Nothing suspicious at all about that!

>>49926361
>I don't even know what Nexo is or what it does
Its CeFi, centralized finance. You give your crypto to a bunch of shady jewish people and they give you 5% APY while they gamble with your money.
Needless to say that only absolute retards use these CeFi services like Nexo, Bancor, Celsius etc.

>>49837779
Yeah it's pretty poor judgement, I guess because Celsius made up a decent chunk of Link's TVL at the time. But if you've heard the guy speak before he's obviously pretty shady and sets off some pretty big red flags

>>49804674
This makes sense when you look back on the NEXO zeus capital fud bulgarians situation.
So basically the cefis act like hedge funds and use all of their customers deposits by doing risky stuff at scale. Hoping to make enough to cover the apy payments they owe..
They were probably successful for a while, but doing this is very risky, I honestly didnt know it was this bad, you would think that they would be safer with it. But offering 10-12% apy is in too good to he true territory, and it was inevitable that this would backfire eventually.
Seems like Luna hit them hard and thats when this stuff snowballed, luna might of even been reaponsible for these huge dumps because of all this shady stuff going on behind the scenes.
I could totally see the cefis taking customers money and putting it in luna for 20% while giving 10% to their customers.

https://youtu.be/1nVG8PF4ECU
Here is the coffeezilla video about celsius for those that havent watched it, I really didnt know that they were this degenerate.
There is a large disconnect in the crypto community, although the main core or soul of crypto is smart autistic idealist programmer nerds, there has been an increasing amount of "crypto bros" they are the narcissistic normie types who are midwits at best and dont understand shit, they are just gamblers who only care about muh lambo get rich quick bullshit.

>>49740390
Why would Sergey work closely with Celsius Network tho? He must have been aware of their shady tactics (and other cefi platforms obviously too)

>>49687381
I did this but moved out a big chunk of it when LUNA scared me. You have to understand how this looked...
>We loan out the crypto for X % return
>Everyone we loan to has to have 150% overcollateralized positions with us
>You make slightly less than X % return by keeping your money with us and we take the difference as profit
>If it's not legit some other user will surely raise the alarm
This is how it looked to a lot of people who didn't realize Celsius did all kinds of shady shit with their own holdings.

>>49583544
>hiring an ex pornstar as your "Head of Institutional Lending" is not a big deal my guy, just ignore everyone warning you for years that Celsius was shady as fuck
>""""magically fallen""" to exactly their long term support after everyone and their mother have been calling for a global recession
you are unironically one of the most retarded posters on this board, ever

>>49530955
i think it's because of Celsius shitting the bed causing a stETH depeg. Starting to think Curve was created as an attack mechanism for undercollateralized stablecoins/shady platforms.

>>49310730

Except a lot of major DeFi players like Bancor, Saffron Finance - hell even exchanges like Celsius - have aggressively been getting politically involved and are joining US trade associations. Saffron and Bancor are both members of the Chamber of Digital Commerce and they went and spoke with regulators from the SEC/CFTC. Saffron even did a retrospect on the event and even admitted how many staffers/regulators are open to this tech and wanting to spur more innovation in the sector.

>>49310738

This little goblin may be the chairman but he's

A. just the chairman and more and more people are recognizing that this is a sovereign issue
B. the boomers in charge aren't even sure that the SEC isn't overstepping its authority and his sentiment is unanimous even in his own department


Yes, some shady ponzis will get regulated out of existence but the players that are actively participating in the US political process are gaining momentum and at BARE minimum will be integrated into the current financial system as it evolves this decade. You'd be a fool to not have bags of these

>>30164239
Read Nexo's whitepaper, follow Antoni Checkhov idk wtf his name. Co-founder has good plans on Nexo and making moves towards institutions. Soon Nexo tokens will rise. It also follows regulations and regularly audited. Unlike Celsius, being shady as af not being transparent to its market cap. Check it out urself.

>>28629397
>the Chainlink deal is 'you use our oracles, we put our treasury in your shady platform' which has no audits and nobody knows where the fuck the money is going
>why would a centralized service need decentralized oracles? It doesn't, it's just a deal that was made to get more money in their hands, ie its a win for Celsius but makes chainlink look like desperate fools willing to put their treasury at risk just to nab one pointless customer, even without the whore shit which shows they haven't even done any due diligence despite gambling with their treasury, it's utterly embarrassing
>2 minutes research also shows Celsius made the exact same deal with litecoin, made it their platform wallet in exchange for the litecoin foundation putting their treasury in Celsius' hands, everything about this type of deal screams scam because the only way they can get customers is by promising them they'll use/promote their tools in some (falsely) reciprocal manner rather than based on the merits and legitimacy of their service
>lies about multiple fake partnerships

>>28629224
>>28628978
>>28629240
>>28628521
>Yeah Celsius is legitimately unfudable.
>>/biz/?task=search&ghost=yes&search_text=Celsius+shady

>>28558782
>>28559145
>the Chainlink deal is 'you use our oracles, we put our treasury in your shady platform' which has no audits and nobody knows where the fuck the money is going
>why would a centralized service need decentralized oracles? It doesn't, it's just a deal that was made to get more money in their hands, ie its a win for Celsius but makes chainlink look like desperate fools willing to put their treasury at risk just to nab one pointless customer, even without the whore shit which shows they haven't even done any due diligence despite gambling with their treasury, it's utterly embarrassing
>2 minutes research also shows Celsius made the exact same deal with litecoin, made it their platform wallet in exchange for the litecoin foundation putting their treasury in Celsius' hands, everything about this type of deal screams scam because the only way they can get customers is by promising them they'll use/promote their tools in some (falsely) reciprocal manner rather than based on the merits and legitimacy of their service
>lies about multiple fake partnerships

Shit on CB all you want. It's the fastest way to cash out of crypto instantly with low fees via Paypal.

Their site goes down a TON though. Especially during a high profile dump. That's why anons think it's shady. Jewbase.

Compromise? Don't keep your coin there. There are better returns on those coins on other wallets like Celsius. Keep an account just in case you need to cash out quickly though.

>>27433706
celsius is pretty shady i heard

>>27380277
Because Nexo does shady stuff and the link team has their btc and ethereum holdings on the platform. https://chainlinkecosystem.com/ecosystem/celsius/

>>25907705
Celsius is probably insolvent. the whole yield thing is subsidized with the CEL token and shady ass lending practices. you will know when CEL starts dipping an doesn't catch a bid. imagine staking your highly valuable assets to earn interest in the form of a bullshit worthless security token that can't even get listed on Binance.

no way to tell if the rates they are paying are real profits from lending, or if they are just crediting depositors with interest hoping they don't withdraw. stay poor anon.