🐳💩Whales Dumping Crypto? Bad News For October 21, 2022

Dapper Labs is restricting Russian users thanks to new EU sanctions, Binance is training law enforcement around the world on how to combat crypto crime, and ether becomes deflationary for the first time since the merge. Whales are dumping USDC, Tether is now backed by T-bills and the ongoing Celcius saga continues.

Whales aren’t the only ones dumping. Travis is just getting back from a trip to the restroom. We’ve got a smattering of news and bad dad jokes for you on our Bad News episode #635 of The Bad Crypto Podcast.

FULL SHOW NOTES: http://badco.in/635

TIME STAMPS
00:00 - Intro
01:00 - Crypto marketcap
03:00 - Dapper Labs Sanctions Russian NFT Wallets; beware of custodial wallets
05:25 - CryptoQueen Fugitive Update on the OneCoin Scam; we interviewed author Jamie J Bartlett about the saga in Episode #632; http://badco.in/632
07:14 - Binance is training police how to understand crypto crimes
09:40 - ETH becomes a deflationary currency for first time since The Merge. We covered The Merge in Episode #630; http://badco.in/630
11:25 - USDT backed by T-Bills
14:00 - Celsius independent examiner quotes $3M-$5M. If you want to understand DeFi and the risks, listen to Matt Cutler on http://badco.in/608
16:30 - Crypto whales dumping USDC. Is Circle in trouble?
18:39 - Closing Remarks

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DISCLAIMER:

Do your own due diligence and research. Neither Joel Comm, Zach Comm nor Travis Wright are FINANCIAL ADVISORS.

We are sharing our journey with you as we learn more about this crazy little thing called cryptocurrency. We make NO RECOMMENDATIONS. Don't take anything we say as gospel. Do not come to our homes with pitchforks because you lost money by listening to us.

We only share with you what we are learning and what we are investing it. We will never "pump or dump" any cryptocurrencies. Take what we say with a grain of salt. You must research this stuff on your own! Just know that we will always strive for RADICAL TRANSPARENCY with any show associations.