Lending Platform BlockFi is About to Collapse | EP 516

► Lending Platform BlockFi is About to Collapse. Looking back, were there red flags? What were they? We examine a few articles and pointers that may have helped clue everyone in on the fact funds are not SAFU no matter how good, safe and trustworthy it sounds.

► As the Bitcoin Fiat price cools off we are seeing more than just retail investors feeling the sting. We dive into how miners and their lenders may have over leveraged themselves and what the possible outcomes could be.

✔ BTC Stats:
► https://bitnodes.io/dashboard/7y/
► https://twitter.com/glassnodealerts/status/1540549228828688391?s=21&t=6DEN2ZzUAH9QfraLVEsSjA
► https://twitter.com/glassnodealerts/status/1540715366959030273?s=21&t=6DEN2ZzUAH9QfraLVEsSjA
► https://twitter.com/glassnodealerts/status/1540579420456493056?s=21&t=6DEN2ZzUAH9QfraLVEsSjA

✔ Daily Fail:
► https://twitter.com/_pretyflaco/status/1540835461903667203?s=28&t=Y0MUI_cWPsT9KWbrHgVkIQn
► https://twitter.com/coryklippsten/thread/1540822218015473666
► https://blockfi.com/an-introduction-to-rehypothecation-with-cryptocurrency
► https://newmoneyreview.com/index.php/2022/02/14/blockfi-lied-to-retail-clients-about-lending-risks/
► https://twitter.com/noiseycomputers/status/1540305267346198528?s=21&t=3gSyfFthHjnsbxphW95ckQ

✔ Epic Memes:
► https://twitter.com/memefactorytm/status/1540660576098975745?s=21&t=6DEN2ZzUAH9QfraLVEsSjA
► https://twitter.com/LinaSeiche/status/1540258027260956672?s=20&t=aTvueLwvn2kysDkpZohZFQ
► https://twitter.com/labrahodl20/status/1540442378321797120?s=28&t=3B3vMnNAzbfIBAMOFsLLUg
► https://twitter.com/AbelitoPanama/status/1540412035254472705?t=0P7kAlLkCqoM1uPHZpNwcg&s=09
► https://twitter.com/carlbmenger/status/1540819227308875777?s=28&t=jHU6JTm-dfiOaVp1wAP7Ng
► https://twitter.com/giacomozucco/status/1540261755003277322?s=21&t=jHU6JTm-dfiOaVp1wAP7Ng
► https://twitter.com/vandelaybtc/status/1540836734920949760?s=28&t=vB047uiFmKxBfiUk868yxA
► https://twitter.com/bitcoincrusader/status/1540835931829280770?s=28&t=Y8FwMlIZSH4fuP3hS1IkUg

✔ BTC News:
► https://finance.yahoo.com/news/bitcoin-market-meltdown-prompts-fresh-093000754.html
► https://news.bitcoin.com/ecb-chief-lagarde-crypto-and-defi-could-pose-real-risks-to-financial-stability/
► https://www.bloomberg.com/news/articles/2022-06-24/almost-4-billion-in-bitcoin-miner-loans-are-coming-under-stress

✔ Software Releases: Mercury-wallet 0.7.4 Released
► https://github.com/layer2tech/mercury-wallet/releases

✔ Bear Market Diaries: http://simplybitcoin.news/

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✔ Special Thanks to these Awesome Bitcoiners:
► https://bitcoin.clarkmoody.com/dashboard/
► https://t.me/nobullshitbitcoin
► https://twitter.com/DocumentingBTC

✔ Descriptions & Thumbnails by, Meg:
► https://twitter.com/btcmeg

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DISCLAIMER: All views in this episode are our own and DO NOT reflect the views of any of our guests or sponsors.

Timecodes:
0:00 - Intro
1:00 - BTC Stats
9:39 - Daily Fail
33:25 - BTC News
50:03 - Meme Review
55:44 - Software Release

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