/biz/ - Business & Finance

>>54083456
busd is minted by paxos, the sec claims busd is a security (a fucking security is something bought expecting gains so there is 0 changes a stablecoin is a security).

As a result paxos can't mint more busd until they fix the problem with the sec, but paxos can exchange 1 busd for 1 usd in a bank account but nobody in crypto wants to exchange it in the kosher banking system for tax reasons.

So binance has been buying busd from everyone moving to tether and now they are redeeming them for usd which they then redeem for btc & eth.

>>54083462
retard 1 billion is nothing on crypto.

>>54034175
This shit makes ftx feel like a nothingburger, how many other banks like this are?

>>54022736
Tax rates high can be good, but these "billionaire taxes" and degenerate income & wealth taxes are insane and stagflationary.

All they cause is Argentina tier demonetization of the kosher financial system while all money goes under the mattress in hard currency which ads inflationary pressures.

The problem here is that taxes are "on individuals" on "random x level" , and not on assets like housing.

>>54008458
Yea this will happen, we are now less than a year from the halving and this nft faggotry is actually increasing demand for blockspace keeping the hashrate growing slowly but steady so the halving will happen before the elections in burgerland.

We are near the bottom once ycc starts.