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Here's another story for cryptocurrency lovers and a reason to get out of Coinbase
Coinbase is the largest crypto exchange in the USA. They claim to hold $256 Billion in fiat and crypto currencies as of their latest earnings report. They also lost $430 MILLION in the last quarter, a 19% drop.
Which leads to the possibility in revenue.
And they say that accounts remaining, in such an event, could be seized as part of bankruptcy proceedings and the account holders could be left as UNSECURED CREDITORS, which means that their getting their money back is pretty much zero.
I would definitely move my money out of Coinbase, which will hasten its demise.
Pass the popcorn! Extra butter! Oh, and Penzey's Brady Street topping is good stuff, FYI!
BTW, while we're talking about crypto, Bitcoin is down 50% from its high last year.
Coinbase's shares fell 15.6% in after hour trading after their earnings report, including the above information, was released. There's interesting info in the article on how certain types of wallets held by Coinbase may not be as flexible for people as they might want.
https://fortune.com/2022/05/11/coinbase-bankruptcy-crypto-assets-safe-private-key-earnings-stock/
Which leads to the possibility in revenue.
And they say that accounts remaining, in such an event, could be seized as part of bankruptcy proceedings and the account holders could be left as UNSECURED CREDITORS, which means that their getting their money back is pretty much zero.
I would definitely move my money out of Coinbase, which will hasten its demise.
Pass the popcorn! Extra butter! Oh, and Penzey's Brady Street topping is good stuff, FYI!
BTW, while we're talking about crypto, Bitcoin is down 50% from its high last year.
Coinbase's shares fell 15.6% in after hour trading after their earnings report, including the above information, was released. There's interesting info in the article on how certain types of wallets held by Coinbase may not be as flexible for people as they might want.
https://fortune.com/2022/05/11/coinbase-bankruptcy-crypto-assets-safe-private-key-earnings-stock/
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I first discovered Outrageous when my wife and I were at Paradise Valley Mall in Phoenix and they had a location there. Marvelous place! Then that location closed and we found out they had a site in Scottsdale. Now that entire mall has been leveled! The original Outrageous has changed ownership but still exists and we buy both mail order and when we're in town. I grew up in Phoenix but when my wife and I married I moved to New Mexico as she's an astronomer and telescopes don't easily relocate. :-) But we get to Phoenix fairly often. The Scottsdale location also has the advantage of being a couple of blocks from an amazing pizza/craft beer place called Craft 64 that I strongly recommend! Their patio is also dog-friendly.