BlockFI Bailed out for $250M, Customers Saved? | EP 522

► BlockFI Bailed out for $250M, Customers Saved? Oh the tangled web that is woven. We dive into some articles and comments given by Zac prince regarding the newly minted deal to save blockfi and its investors.

► Fail: Does Gary Vee understand NFT’s or QR codes? Another weekend has come and gone and so has a little more of solana’s ability to keep pretending it's anything other than a shitcoin. Crema finance is hacked and liquidity is frozen. We are all surprised.

✔ BTC Stats:
► https://twitter.com/ronpaul/status/126473315572400128?lang=en

✔ Daily Fail:
► https://twitter.com/Twentynothing00/status/1543557140190822401?s=20&t=nN0atw4HM4HnAZQNrkh2lg
► https://twitter.com/vicariousdrama/status/1542920191369166848?s=28&t=9m8naMABWeJ-i__oa2TWtQ
► https://twitter.com/potus/status/1543263229006254080?s=28&t=9m8naMABWeJ-i__oa2TWtQ
► https://cointelegraph.com/news/crema-finance-shuts-liquidity-protocol-on-solana-amid-hack-investigation

✔ Epic Memes:
► https://twitter.com/Asher68W/status/1543072706924449792?s=20&t=wPeB7bV4hFBFGsCJqWdjgQ
► https://twitter.com/giacomozucco/status/1543508271004352514?s=28&t=k3giesIigjdem38UYDgchA
► https://twitter.com/baguettehodl/status/1543331934763450374?s=28&t=9m8naMABWeJ-i__oa2TWtQ
► https://twitter.com/dwhitmanbtc/status/1543359409178427398?s=28&t=Ct8PxWiGM3QOYYj7UrubCg
► https://twitter.com/dangerblue/status/1543245807243116544?s=28&t=FYVKbiu5iGKnHvtOdVmV3g
► https://twitter.com/dangerblue/status/1543242469432627200?s=28&t=FYVKbiu5iGKnHvtOdVmV3g

✔ BTC News:
► https://finbold.com/imf-says-cryptocurrencies-cbdcs-can-be-more-efficient-payment-options-than-current-ones/
► https://www.reuters.com/world/americas/argentina-economy-minister-guzman-resigns-crises-build-2022-07-02/?taid=62c1226d6dc5730001a531f4
► https://www.theblock.co/post/155516/blockfi-strikes-680-million-credit-deal-with-ftx-us-outlines-acquisition-path
► https://www.investopedia.com/terms/f/fractionalreservebanking.asp
► https://www.coindesk.com/policy/2022/03/18/argentine-congress-approves-imf-debt-deal-that-would-discourage-crypto-usage/

✔ Plebsite: https://simplybitcoin.substack.com/p/fear-and-loathing-of-bitcoin-maximalists

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

✔ Check out our Sponsors, support Bitcoin ONLY Businesses:

✔ Crypto Cloaks: ► http://www.cryptocloaks.com
► For all of your 3D printed needs: Bitcoin Node Cases, Lightning Network Code Cases, BTC keychains, coasters, 3D Printed Honey Badgers, wallet mounts and a whole lot more !

► USE PROMO CODE 'SIMPLYBITCOIN' FOR 5% OFF THE CRYPTOCLOAKS.COM STORE!

✔ Citadel21: ► https://www.citadel21.com
► A Bitcoin cultural zine. Bitcoin culture is rich and varied. It contains a multitude of voices, opinions and flavors. Only 1000 of each volume are made.

✔ Swan: ► https://www.swanbitcoin.com
► Swan is the best way to build your Bitcoin stack, with automated Bitcoin savings plans and instant purchases. Serving clients of any size, from $10 to $10M+

✔ CypherSafe: ► https://cyphersafe.io
► When you’ve decided to be your own bank and hold your bitcoin yourself, it’s time to create a physical backup to protect those keys and your bitcoin. CypherSafe offers a full line of physical stainless steel products to help you protect your bitcoin from various modes of failure.

✔ Represent Clothing: ► https://www.representltd.com
► Check out Represent LTD’s full clothing line including collabs, originals & collections. Super comfortable, great fit and Style, there is something for everyone: hoodies, tees, tanks, jackets and more!
It's your life...represent accordingly.

► USE PROMO CODE SIMPLY-BITCOIN FOR 10% OFF ANYTHING IN THE REPRESENT CLOTHING STORE!

✔ NODL : ► https://www.nodl.eu
► Running Bitcoin, just like in Hal Finney's legendary tweet. Use all the Lightning features thanks to your always on device. Easy to Use, Everyone can run a NODL. Privacy focused.

✔ Join our Telegram, Give us Memes to Review!
► https://t.me/TheSimplyBitcoinChannel

✔ Follow Us!
► https://twitter.com/SimplyBitcoinTV
► https://twitter.com/BITVOLT7
► https://twitter.com/Coinicarus

✔ 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

► We are a proud supporter of Bitcoin only businesses.

⚡️ [email protected]

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
0:18 - BTC Stats
12:20 - BTC News
27:22 - Daily Fail
38:58 - Meme Review
57:27 - Software Release

#Bitcoin #BitcoinDailyNews #BitcoinDailyRecap