Binance CEO Changpeng Zhao Lists Five Classic Red Flags in Crypto Projects Amid FTX Collapse – The Daily Hodl
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Binance CEO Changpeng Zhao is warning people after FTX’s collapse to avoid crypto projects that are displaying five key red flags. Zhao tells his 7.5 million Twitter followers what to look out for when getting involved with crypto-related enterprises. “FTX aside, avoid businesses/exchanges/projects that: – are not profitable (musical chairs) – survive by selling their own tokens – give high incentives for locking your tokens – have a large total supply, but only a small circulation supply – involves loans.” He also advises those embarking on such projects to protect people’s investments by having an emergency reserve fund to protect
Bitcoin Magazine Morgan Stanley Plans To Offer Bitcoin And Crypto Trading To E-Trade Clients Bloomberg reports that the Wall Street giant is in the early stages of planning to add spot Bitcoin and crypto trading capabilities to its ETrade brokerage platform. The project aims to allow ETrade’s retail clients to…
Bitcoin Magazine Russia Is Using Bitcoin and Crypto For Its Oil Trades with China and India Amid ongoing sanctions over the war in Ukraine, Russia has turned to bitcoin and other cryptocurrencies to facilitate some of its oil trade with major buyers China and India. According to a Reuters report,…