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Confidence is quickly eroding in the crypto sector. But, Didi Taihuttu, his wife, three daughters, and Teddy, a Pomeranian puppy, are as confident as ever in their bet on Bitcoin — they're just changing how they store it.
The Bitcoin Family have safeguarded their crypto riches in three main places: centralized exchanges (CEXs) like Bybit and Kraken, decentralized exchanges (DEXs) like Uniswap, and hardware wallets hidden in secret vaults on four different continents.
But as digital asset brokers, lenders and exchanges continue to fall into bankruptcy — locking up customer funds in the process — the Dutch family of five is proactively moving $1 million in crypto into decentralized exchanges, which allow users to hang on to custody of their tokens.
"For me, bitcoin is still about freedom, and decentralized currency should be able to be used by everyone in the world without needing to do KYC or any other regulatory stuff," Didi said.
DEXs don't require users to connect an ID or bank account to the platform, hence making it an ideal custody solution for the Taihuttus.
While the family did not have any tokens tied up with FTX, Celsius, Voyager Digital, or any of the other platforms to recently go under, in crypto, one of the mantras is "not your keys, not your coins," meaning that rightful possession of tokens comes through the custody of the corresponding private keys.
The Dutch father of three had learned his lesson in 2017, when he lost four bitcoin to a hack of a centralized exchange known as Cryptopia. "From that moment, I was always searching for alternatives," he explained.
“For me, bitcoin is still doing perfect and still doing what it always does: Being a decentralized currency that is usable by all people all over the world."
#regulatory6 #connector0 #bulletins #regulatory5 #connector4 #alternatives2 #connector3 #pomeranian9 #pomeranian #pomeranian8 #centralized6 #pomeranian7 #alternatives1 #cryptopia0 #connector9 #alternatives0 #centralized5 #pomeranian6 #regulatory4 #centralized4 #pomeranian5 #regulatory3 #centralized #centralized3 #regulatory2 #cryptopia1 #connector8 #regulatory #pomeranian4 #pomeranian3 #currency #centralized2 #connector7 #centralized1 #centralized0 #alternatives9 #connector2 #pomeranian2 #alternatives8 #regulatory1 #cryptopia #alternatives #regulatory0 #centralized9 #centralized8 #alternatives7 #alternatives6 #cryptowinter #alternatives5 #connector6 #pomeranian1 #pomeranian0 #alternatives4 #alternatives3 #regulatory9 #connector1 #regulatory8 #vertical #centralized7 #regulatory7 #connector5 #connector
The Bitcoin Family have safeguarded their crypto riches in three main places: centralized exchanges (CEXs) like Bybit and Kraken, decentralized exchanges (DEXs) like Uniswap, and hardware wallets hidden in secret vaults on four different continents.
But as digital asset brokers, lenders and exchanges continue to fall into bankruptcy — locking up customer funds in the process — the Dutch family of five is proactively moving $1 million in crypto into decentralized exchanges, which allow users to hang on to custody of their tokens.
"For me, bitcoin is still about freedom, and decentralized currency should be able to be used by everyone in the world without needing to do KYC or any other regulatory stuff," Didi said.
DEXs don't require users to connect an ID or bank account to the platform, hence making it an ideal custody solution for the Taihuttus.
While the family did not have any tokens tied up with FTX, Celsius, Voyager Digital, or any of the other platforms to recently go under, in crypto, one of the mantras is "not your keys, not your coins," meaning that rightful possession of tokens comes through the custody of the corresponding private keys.
The Dutch father of three had learned his lesson in 2017, when he lost four bitcoin to a hack of a centralized exchange known as Cryptopia. "From that moment, I was always searching for alternatives," he explained.
“For me, bitcoin is still doing perfect and still doing what it always does: Being a decentralized currency that is usable by all people all over the world."
#regulatory6 #connector0 #bulletins #regulatory5 #connector4 #alternatives2 #connector3 #pomeranian9 #pomeranian #pomeranian8 #centralized6 #pomeranian7 #alternatives1 #cryptopia0 #connector9 #alternatives0 #centralized5 #pomeranian6 #regulatory4 #centralized4 #pomeranian5 #regulatory3 #centralized #centralized3 #regulatory2 #cryptopia1 #connector8 #regulatory #pomeranian4 #pomeranian3 #currency #centralized2 #connector7 #centralized1 #centralized0 #alternatives9 #connector2 #pomeranian2 #alternatives8 #regulatory1 #cryptopia #alternatives #regulatory0 #centralized9 #centralized8 #alternatives7 #alternatives6 #cryptowinter #alternatives5 #connector6 #pomeranian1 #pomeranian0 #alternatives4 #alternatives3 #regulatory9 #connector1 #regulatory8 #vertical #centralized7 #regulatory7 #connector5 #connector
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Angel L.
Dec 2, 2022 -10:33AM
Thanks for these short and insightful clips Bruce.
Lawyers for BlockFi, made their initial appearance in U.S. bankruptcy court, emphasizing that the U.S. cryptocurrency lender was “the antithesis of FTX.”
BlockFi’s attorney told the court that the company’s bankruptcy stemmed from its substantial exposure to FTX, which filed for Chapter 11 protection earlier this month after traders pulled $6 billion from the platform.
FTX had extended a $400 million lifeline to BlockFi in July, but the Bahamas-based exchange spectacularly imploded, sparking fears of contagion across the industry just days after BlockFi asked it for additional financing on Nov. 8.
Attorneys went to great lengths to distance BlockFi from FTX, saying the company did not face the myriad issues apparently plaguing FTX. Saying “This is completely, 180 degrees, a different story.”
BlockFi said it owes money to more than 100,000 creditors. It listed FTX as its second-largest creditor, with $275 million owed on a loan issued earlier this year.
BlockFi’s largest creditor is Ankura Trust, which is owed $729 million. It still owes $30 million to the SEC from the fine it agreed to pay earlier this year. Valar Ventures, a Peter Thiel-linked venture capital fund, owns 19% of BlockFi equity shares.
BlockFi listed its assets and liabilities as between $1 billion and $10 billion. The company sold a portion of its crypto assets earlier in November to fund its bankruptcy, and it entered bankruptcy with $256.5 million in cash on hand.
#confidential9 #liabilities8 #cryptowinter0 #confidential1 #bankruptcy #confidential8 #cryptocurrency #confidential7 #protection7 #antithesis #cryptowinter6 #cryptowinter5 #confidential0 #confidential6 #cryptowinter9 #protection #cryptowinter4 #protection6 #contagion #financing #cryptowinter3 #confidential #creditors #protection5 #confidential5 #confidential4 #liabilities7 #protection4 #liabilities6 #cryptowinter2 #liabilities5 #liabilities4 #cryptowinter8 #cryptowinter7 #protection3 #confidential3 #confidential2 #liabilities #protection2 #liabilities3 #liabilities2 #liabilities1 #protection1 #liabilities0 #protection0 #liabilities9 #cryptowinter #cryptowinter1
BlockFi’s attorney told the court that the company’s bankruptcy stemmed from its substantial exposure to FTX, which filed for Chapter 11 protection earlier this month after traders pulled $6 billion from the platform.
FTX had extended a $400 million lifeline to BlockFi in July, but the Bahamas-based exchange spectacularly imploded, sparking fears of contagion across the industry just days after BlockFi asked it for additional financing on Nov. 8.
Attorneys went to great lengths to distance BlockFi from FTX, saying the company did not face the myriad issues apparently plaguing FTX. Saying “This is completely, 180 degrees, a different story.”
BlockFi said it owes money to more than 100,000 creditors. It listed FTX as its second-largest creditor, with $275 million owed on a loan issued earlier this year.
BlockFi’s largest creditor is Ankura Trust, which is owed $729 million. It still owes $30 million to the SEC from the fine it agreed to pay earlier this year. Valar Ventures, a Peter Thiel-linked venture capital fund, owns 19% of BlockFi equity shares.
BlockFi listed its assets and liabilities as between $1 billion and $10 billion. The company sold a portion of its crypto assets earlier in November to fund its bankruptcy, and it entered bankruptcy with $256.5 million in cash on hand.
#confidential9 #liabilities8 #cryptowinter0 #confidential1 #bankruptcy #confidential8 #cryptocurrency #confidential7 #protection7 #antithesis #cryptowinter6 #cryptowinter5 #confidential0 #confidential6 #cryptowinter9 #protection #cryptowinter4 #protection6 #contagion #financing #cryptowinter3 #confidential #creditors #protection5 #confidential5 #confidential4 #liabilities7 #protection4 #liabilities6 #cryptowinter2 #liabilities5 #liabilities4 #cryptowinter8 #cryptowinter7 #protection3 #confidential3 #confidential2 #liabilities #protection2 #liabilities3 #liabilities2 #liabilities1 #protection1 #liabilities0 #protection0 #liabilities9 #cryptowinter #cryptowinter1
Cryptocurrency exchange Binance announced new details about its industry recovery fund, which aims to prop up struggling players in the wake of FTX's bankruptcy.
Binance said it will devote $1 billion in initial commitments to the recovery fund. It may increase that amount to $2 billion at some point in time, in the future "if the need arises.”
It has also received $50 million in commitments from crypto-native investment firms including Jump Crypto, Polygon Ventures, and Animoca Brands.
Binance CEO Changpeng Zhao shared the public wallet address showing its initial commitment and said: "We do this transparently."
Zhao has emerged as a new savior-like figure for the ailing industry, filling a gap left by Sam Bankman Fried, whose firm had bought or invested in a number of beleaguered crypto firms — from Voyager Digital to BlockFi — prior to its collapse.
Binance anticipates the program will last around six months. It is accepting applications from investors to contribute additional funds, and said it is "flexible on the investment structure" and is accepting contributions in tokens, cash and debt.
"We expect individual situations to require tailored solutions," the company added. Around 150 companies have already applied for support from the fund, Binance said.
#transparency1 #transparency7 #intellignce #animocabrands1 #animocabrands6 #cryptocurrency #cryptocurrency6 #transparency6 #cryptocurrency5 #cryptowinter3 #cryptocurrency2 #transparency5 #animocabrands5 #transparency0 #animocabrands0 #contributions9 #contributions8 #contributions7 #cryptowinter2 #cryptowinter1 #contributions6 #animocabrands9 #contributions5 #contributions4 #transparency4 #jumpcrypto #contributions3 #animocabrands #contributions2 #polygonventures #cryptocurrency4 #cryptocurrency1 #animocabrands4 #animocabrands8 #cryptocurrency0 #transparency3 #cryptowinter0 #contributions1 #animocabrands3 #contributions0 #cryptocurrency3 #cryptowinter #structure #contributions #animocabrands2 #transparency2 #animocabrands7 #cryptocurrency9 #transparency9 #cryptocurrency8 #situations #transparency6 #cryptocurrency7 #transparency #transparency8
Binance said it will devote $1 billion in initial commitments to the recovery fund. It may increase that amount to $2 billion at some point in time, in the future "if the need arises.”
It has also received $50 million in commitments from crypto-native investment firms including Jump Crypto, Polygon Ventures, and Animoca Brands.
Binance CEO Changpeng Zhao shared the public wallet address showing its initial commitment and said: "We do this transparently."
Zhao has emerged as a new savior-like figure for the ailing industry, filling a gap left by Sam Bankman Fried, whose firm had bought or invested in a number of beleaguered crypto firms — from Voyager Digital to BlockFi — prior to its collapse.
Binance anticipates the program will last around six months. It is accepting applications from investors to contribute additional funds, and said it is "flexible on the investment structure" and is accepting contributions in tokens, cash and debt.
"We expect individual situations to require tailored solutions," the company added. Around 150 companies have already applied for support from the fund, Binance said.
#transparency1 #transparency7 #intellignce #animocabrands1 #animocabrands6 #cryptocurrency #cryptocurrency6 #transparency6 #cryptocurrency5 #cryptowinter3 #cryptocurrency2 #transparency5 #animocabrands5 #transparency0 #animocabrands0 #contributions9 #contributions8 #contributions7 #cryptowinter2 #cryptowinter1 #contributions6 #animocabrands9 #contributions5 #contributions4 #transparency4 #jumpcrypto #contributions3 #animocabrands #contributions2 #polygonventures #cryptocurrency4 #cryptocurrency1 #animocabrands4 #animocabrands8 #cryptocurrency0 #transparency3 #cryptowinter0 #contributions1 #animocabrands3 #contributions0 #cryptocurrency3 #cryptowinter #structure #contributions #animocabrands2 #transparency2 #animocabrands7 #cryptocurrency9 #transparency9 #cryptocurrency8 #situations #transparency6 #cryptocurrency7 #transparency #transparency8
Trending Updates
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Master C.
Jan 8, 2023
We are looking for the best of the best from our members to join our Premier Master Enabler Program. Focusing right now on International Expansion and New Market Entry professionals for Europe, Latin America, and the USA. Interested in learning more message Master Connector here or email - masterenabler@fintechconnector.com
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Master C.
Aug 9, 2022
Meet our FinTech Connector Switzerland Cruise sponsors on September 9th in Zurich.
Lloyd's & Partners (VIP Gold Sponsor) and VISA Europe (Premier Sponsor).
We want to thank Lucas T. Landolt (Lloyd's & Partners), Adrian Burgi (Lloyd's & Partners) and Santosh Ritter (VISA) for your support and we look forward to meeting you in Zurich.
There is still time to RSVP for our premier event of the year - https://www.eventbrite.com/e/fintech-connector-switzerland-networking-lunch-cruise-vip-dinner-registration-239437362597
Thank you Fabian Lehner for organizing this event for our FinTech Connector members and partners.
#FinTechConnector #Switzerland #Zurich #Event
Lloyd's & Partners (VIP Gold Sponsor) and VISA Europe (Premier Sponsor).
We want to thank Lucas T. Landolt (Lloyd's & Partners), Adrian Burgi (Lloyd's & Partners) and Santosh Ritter (VISA) for your support and we look forward to meeting you in Zurich.
There is still time to RSVP for our premier event of the year - https://www.eventbrite.com/e/fintech-connector-switzerland-networking-lunch-cruise-vip-dinner-registration-239437362597
Thank you Fabian Lehner for organizing this event for our FinTech Connector members and partners.
#FinTechConnector #Switzerland #Zurich #Event
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Master C.
Jun 17, 2022
As the global economic environment is shifting, now more than ever partnering with the right organizations to increase business opportunities, focus on revenue growth, and drive innovation is critically important.
We can help you on your fintech and innovation journey.
Click on the link to learn more and let's jump on a call to discuss your business objective - https://www.fintechconnector.com/organizations
#FinTechConnector #Innovation #Partnerships #BusinessDevelopment
We can help you on your fintech and innovation journey.
Click on the link to learn more and let's jump on a call to discuss your business objective - https://www.fintechconnector.com/organizations
#FinTechConnector #Innovation #Partnerships #BusinessDevelopment
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Stephen W.
Mar 18, 2022
See our recent WealthTech 2022 report for a range of viewpoints and thinking on the main trends for WealthTech in 2021/2022.
https://www.thewealthmosaic.com/vendors/the-wealth-mosaic/news/wealthtech-2022-is-live/
This is one of an expanding number of reports we've created at The Wealth Mosaic on technology in wealth management. Next up is our second ESG report, then our second Blockchain & DLT report, then our first US RIA WealthTech report.
https://www.thewealthmosaic.com/vendors/the-wealth-mosaic/news/wealthtech-2022-is-live/
This is one of an expanding number of reports we've created at The Wealth Mosaic on technology in wealth management. Next up is our second ESG report, then our second Blockchain & DLT report, then our first US RIA WealthTech report.
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Angel L.
Jan 11, 2023
I wrote an article that highlights the opportunities and challenges of digital transformation in banking and covers points on having a well-thought-out plan, organizational culture, and how to get started with partners that have done it already.
Click to read the article - https://www.fintechconnector.com/blog-actual/2023/1/9/innovating-banks-start-with-a-digital-transformation-plan
Sharing with our Financial Service Automators - Vikas Bansal Erik Gillet Darrell Wright Luisa Franco Batu Sat Simon Weifenbach Les Riedl Andy Lin Jenna Chamra Craig Schwartz Robert Lacoursière Michael Montecuollo Jonathan Blessing Christin Nagel Shweta Mahajan Michael Young Martina Rousseau Ridham Modi Trena Blair Jen Gonzalez Carlos M. Mendes
Click to read the article - https://www.fintechconnector.com/blog-actual/2023/1/9/innovating-banks-start-with-a-digital-transformation-plan
Sharing with our Financial Service Automators - Vikas Bansal Erik Gillet Darrell Wright Luisa Franco Batu Sat Simon Weifenbach Les Riedl Andy Lin Jenna Chamra Craig Schwartz Robert Lacoursière Michael Montecuollo Jonathan Blessing Christin Nagel Shweta Mahajan Michael Young Martina Rousseau Ridham Modi Trena Blair Jen Gonzalez Carlos M. Mendes
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Luisa F.
Mar 7, 2024
Hello Fintech Connector Community! I have a bank client looking for fintechs that are interested in bank sponsorship. If you're in the market for a bank sponsor, please message me.
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Master C.
May 13, 2022
SWITZERLAND IS CALLING ALL FINTECH CONNECTOR MEMBERS...
Join us in Zurich in September for a networking lunch cruise around Lake Zurich.
RSVP today and meet members from over 10+ countries in one of the most beautiful cities in Europe.
Here is the link - https://www.eventbrite.com/e/fintech-connector-switzerland-networking-lunch-cruise-vip-dinner-registration-239437362597
#FinTechConnector #Community #Zurich #Events
Join us in Zurich in September for a networking lunch cruise around Lake Zurich.
RSVP today and meet members from over 10+ countries in one of the most beautiful cities in Europe.
Here is the link - https://www.eventbrite.com/e/fintech-connector-switzerland-networking-lunch-cruise-vip-dinner-registration-239437362597
#FinTechConnector #Community #Zurich #Events
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Angel L.
Apr 17, 2022
Another powerful report from FIS on global payments. This is a 156-report that gives you global payments trends, key insights, and other important ecosystem information.
The payments space continues to evolve with super apps, CBDCs, embedded finance, evolution of real-time payments, banking the unbanked, and more...
Check out the report and use it as a reference guide for what's happening and what's coming in payments.
I want to thank Ahmed Refaie Abdo from DSRPTD in the UAE for sharing it with me.
What are your thoughts? Steven Wasserman, Mario Cohen, Jaroslaw Sarwa, Angel Lorente, Carlos M. Mendes , Fabian Lehner , Elena Kozhemyakina , Jaroslaw Sarwa , Adam Ull , Sefa Bicer , Shafique Ibrahim
#fintechconnector #fintech #financialservices #innovation #payments #CBDC #cryptocurrency
The payments space continues to evolve with super apps, CBDCs, embedded finance, evolution of real-time payments, banking the unbanked, and more...
Check out the report and use it as a reference guide for what's happening and what's coming in payments.
I want to thank Ahmed Refaie Abdo from DSRPTD in the UAE for sharing it with me.
What are your thoughts? Steven Wasserman, Mario Cohen, Jaroslaw Sarwa, Angel Lorente, Carlos M. Mendes , Fabian Lehner , Elena Kozhemyakina , Jaroslaw Sarwa , Adam Ull , Sefa Bicer , Shafique Ibrahim
#fintechconnector #fintech #financialservices #innovation #payments #CBDC #cryptocurrency
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Master C.
Oct 5, 2022
Great seeing our Mexico Community Partner Sofia Gamboa on El Financiero Factor Fintec speaking with Sergio Loredo about fintech in Mexico.
Watch the interview here - https://www.elfinanciero.com.mx/video/tv/factor-fintech/2022/10/01/entrevista-con-sofia-gamboa-de-fintech-connector-por-sergio-loredo-factor-fintec-4-t4/
NOTE: The interview is in Spanish.
Watch the interview here - https://www.elfinanciero.com.mx/video/tv/factor-fintech/2022/10/01/entrevista-con-sofia-gamboa-de-fintech-connector-por-sergio-loredo-factor-fintec-4-t4/
NOTE: The interview is in Spanish.
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Angel L.
Nov 11, 2022
Great to see how we have come a long way since our Meet Ups at Hurley's in NYC to now travelling the world to connect people, opportunities, and capital. Looking forward to our 2023 FinTech Connector events being announced shortly.
Hope to have many of our members joining us on our Innovation Days, Cruises, and VIP Member Dinners.
Thanks to our Community Partners Fabian Lehner Jaroslaw Sarwa Elena Kozhemyakina Shmuel Ben Tovim Mario Cohen Narayanan Ganapathy Meriem Yacoubi Varsenia Stoyanova Aleksandra Ossowska Alfonso Ballesteros Ryohei Uetani Sofia Gamboa Vikas Bansal Shaul Lifshitz
Hope to have many of our members joining us on our Innovation Days, Cruises, and VIP Member Dinners.
Thanks to our Community Partners Fabian Lehner Jaroslaw Sarwa Elena Kozhemyakina Shmuel Ben Tovim Mario Cohen Narayanan Ganapathy Meriem Yacoubi Varsenia Stoyanova Aleksandra Ossowska Alfonso Ballesteros Ryohei Uetani Sofia Gamboa Vikas Bansal Shaul Lifshitz
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