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/

Welcome to new DW user @Blue_Green_Dream

Lots of cool stuff in her profile: Terry Pratchett fan major Lord of the Rings geek and putting the latter to quite an interesting use, and many other things demonstrating a person of impeccable taste! If you are knowledgeable about modifying DW layouts, she has a question about that.

She was a LJ user back in the day and let it go stale for a while before coming on to DW.

So welcome, blue_green_dream! I hope you like it here!