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#polygon fiasco
househaunterz-art · 2 years
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“You do understand what I’m going to do to you, Dustin?”
Sometimes self care is painting Tweedy Custard as a break from artfight references.
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primorcoin · 1 year
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New Post has been published on https://primorcoin.com/binance-launches-billion-dollar-crypto-industry-recovery-fund-to-restore-confidence-after-ftx-meltdown-finance-bitcoin-news/
Binance Launches Billion-Dollar Crypto Industry Recovery Fund to Restore Confidence After FTX Meltdown – Finance Bitcoin News
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Binance has committed $1 billion to a crypto industry recovery initiative to restore confidence following the collapse of crypto exchange FTX. Several other crypto companies have joined Binance’s efforts and committed capital for the recovery fund.
Crypto Industry Recovery Initiative Launched
Cryptocurrency exchange Binance unveiled Thursday some details of its Industry Recovery Initiative (IRI), which the crypto firm described as “a new co-investment opportunity for organizations eager to support the future of web3.”
The announcement states:
Initially, Binance will commit USD 1 billion to IRI-themed investment opportunities with an intent to ramp up that amount to USD 2 billion in the near future if the need arises.
“So far, Jump Crypto, Polygon Ventures, Aptos Labs, Animoca Brands, GSR, Kronos, and Brooker Group have also committed to participating with an initial aggregate commitment of around USD 50 million, and we expect more participants to join soon,” Binance added. Each participant has set aside committed capital in stablecoins or other tokens.
Binance explained that it will be looking for projects characterized by “innovation and long-term value creation,” “a clearly delineated and viable business model,” and “a laser focus on risk management.”
The global crypto exchange noted:
What makes this initiative unique is the collaborative approach to restoring confidence in web3.
The CEO of Binance, Changpeng Zhao (CZ), first revealed that his company is setting up a crypto industry recovery fund last week. The executive explained at the time that the purpose of the recovery fund is “to reduce further cascading negative effects of FTX” by helping projects that “are otherwise strong, but in a liquidity crisis.” CZ has compared the FTX fiasco to the 2008 financial crisis, warning of “cascading effects.”
FTX filed for Chapter 11 bankruptcy on Nov. 11 and former CEO Sam Bankman-Fried stepped down. The company is under investigation in multiple jurisdictions. In the U.S., a number of authorities are investigating the exchange for mishandling customer funds.
Binance explained that the IRI is not an investment fund. “We have already received around 150 applications from companies seeking support under the IRI,” the exchange noted, elaborating:
The mandate of this new effort is to support the most promising and highest quality companies and projects built by the best technologists and entrepreneurs that, through no fault of their own, are facing significant, short term, financial difficulties.
The announcement further details that the initiative is expected to last about six months and “will be flexible on the investment structure — token, fiat, equity, convertible instruments, debt, credit lines, etc — as we expect individual situations to require tailored solutions.”
What do you think about Binance setting up a crypto industry recovery fund? Let us know in the comments section below.
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Kevin Helms
A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.
Image Credits: Shutterstock, Pixabay, Wiki Commons
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wokxchange · 2 years
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Sticking to Core Fundamentals Saved Polygon from FTX Calamity
Sticking to Core Fundamentals Saved Polygon from FTX Calamity
Advertisement &nbsp &nbsp The impact of FTX’s downfall is being felt all across the crypto spectrum. Since the FTX crisis began to unfold, the crypto market has shed over $200 billion. Those who have commented on the FTX Fiasco include former Kraken CEO Jesse Powell, Binance CEO Changpeng Zhao, Cardano’S Charles Hoskinson, and Tesla CEO Elon Musk, among others. Polygon co-founder Sandeep…
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cryptogids · 2 years
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Bitcoin bulls trotseren de storm, maar is de val naar $10.000 niet te voorkomen?
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De Bitcoin prijs is de afgelopen dagen stabiel gebleven, ondanks het FTX fiasco. De activa heeft een week lang zijwaarts verhandeld en heeft zich gevestigd op $16.000, waarvan de meesten hopen dat dit de bodem is. El Salvador en Justin Sun hebben toegezegd elke dag één BTC te kopen, wat een rol kan hebben gespeeld bij het ondersteunen van de activa. Nadat FTX implodeerde, voorspelden Bitcoin-critici dat Bitcoin een stuk van zijn waarde zou verliezen, maar het is al meer dan een week geleden, en de grootste digitale activa houdt goed stand. Nu de week zo goed als voorbij is, heeft het ervoor gezorgd dat Bitcoin (BTC) erin geslaagd is om boven de $16.000 te blijven, ondanks talrijke oproepen dat de activa helemaal naar $10.000 zou kunnen dalen. De voorspellingen komen na de mislukte ineenstorting van FTX en de ontrafeling van het imperium van Sam Bankman-Fried. In deze LinkTree is een opsomming gemaakt van de verschillende mogelijkheden, Aan het begin van het fiasco werd BTC verhandeld op ongeveer $19K, maar daalde naar $15K om daarna terug te keren naar $16K. BTC heeft de steunpositie gedurende een indrukwekkende negen dagen vastgehouden, terwijl de rest van de markten wild om zich heen sloeg, wat de theorieën aanwakkert dat het nieuws wellicht is ingeprijsd. "Het zou een andere ondergang van een groot cryptobedrijf op Wall Street kunnen vergen om bitcoin onder zijn recente dieptepunt te brengen," merkte Edward Moya op, een marktanalist bij Oanda. Passief inkomen genereren met 5-10% maandelijks rendement gemiddeld? Solana (SOL), een activa in het oog van de storm, verloor 18% van zijn marktwaarde binnen zeven dagen, terwijl Polygon (MATIC) en Cosmos (ATOM) beide dubbele cijfers verloren gedurende de week. FTX's FTT, daarentegen, is met meer dan 90% gekelderd terwijl de de val zich voortzette. De wereldwijde marktkapitalisatie van de hele sector bedraagt 822 miljard dollar, terwijl het handelsvolume met 9,70 procent daalde tot 43,08 miljard dollar. Word lid van de Bitcoin/Cryptocurrency Facebook groep en join de Discord/Telegram om onderdeel te worden van de community. Read the full article
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househaunterz · 3 years
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I thought I'd make a lineup for the polygon fiasco squad!!!! I'm pretty sure I'm the only one making art for them, but if anyone else has designs I'd love to see them!!
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peach-pot · 3 years
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I’ve already forgotten what the flash forward type endings for the characters in polygon’s fiasco game were but also once I rewatch I may just choose to ignore them ❤️ sorry don’t care not listening in my head they are all just pals hanging out living good happy lives in this mall
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celestialflights · 2 years
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this fandom within a fandom may be completely dead, but i just think she deserves an aesthetic playlist edit!
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vap0r-eyes · 3 years
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New Overboard with Patrick Rothfuss
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noiselessbuck · 2 years
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No thoughts just Polygon Overboard Fiasco episode
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lichfucker · 3 years
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opened youtube and the first suggested vid is polygon playing fiasco and I might cry. fiasco my BELOVED!!!!! when will ppl play fiasco w me 😩😩 I have so many playsets
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mewttie · 7 years
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ManI like polygon and car boys... but what N ick did was not right.... Babylonian wtf is ur deal
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radiosandrecordings · 5 years
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⭐ Tell me about your fics Tal ⭐
When I was writing Grey Skies the reason it’s Claire De Lune is because I had it stuck in my head for like two days because I rewatched the end of Polygon’s Car Boys. Y’know. The Griffin Thing. (And He Who Shalt Not Be Named)
Also proof @space-fiasco knows me too well is he, entirely unprompted, predicted this because I got a very annoyed text along the lines of ‘I can’t enjoy this fic because now I’m thinking of a two year old YouTube series’
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defjux · 6 years
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Here’s 42 hip hop projects from the third quarter of 2018 (july/august/september) that I think are worth checking out.  Clicking on the title of an album will take you to the bandcamp page or a stream for the album so you can listen to them. this summer has been great for hip hop and there’s a few releases i really love that aren’t getting as much attention as (i think) they should or that have gotten lost in the shuffle, so hopefully if you take the time you check the stuff you’re not familiar with you’ll find something you enjoy. peace.  - Top albums from the first quarter of 2018 - Top albums from the second quarter of 2018 - Link to chart w/ album titles included - Spotify playlist with songs from these albums and more Avantdale Bowling Club - Avantdale Bowling Club Armand Hammer - Paraffin Ka & Animoss - Orpheus vs. the Sirens Milo & Elucid - Nostrum Grocers Lupe Fiasco - DROGAS Wave Milo - budding ornithologists are weary of tired analogies Roc Marciano - Behold a Dark Horse Noname - Room 25 Wowflower - feverdream Onry Ozzborn - Nervous Hvnd Saba - Care For Me Sims, Air Credits & ICETEP - Artería Verité Jeremiah Jae - Daffi Psychedelic Ensemble. - LIVE AT THE CLINIC Googie - Floating Polygons Medhane - Ba Suba, Ak Jamm Knife Knights - 1 Time Mirage Denzel Curry - TABOO | TA1300 Moses Rockwell - Subterranean Sweatpants Swarvy - Anti-Anxiety Pink Siifu - ensley Ohbliv - Retrospective Kev Brown - Homework al.divino x ESTEE NACK - Akiraonacid Noveliss - Cerebral Apex Rejoicer - Energy Dreams tajima hal - Isolated Planet L'Orange & Solemn Brigham - Marlowe Zilla Rocca - Hard Boiled EP Foul Mouth - The Snake Pit Knowledge the Pirate - Flintlock Psymun - TAPE PRGMAT - concrete jungle flava cunabear - Yawning Towards Heaven​!​!​!​! Chris Crack - Being Woke Aint Fun Gone Beyond & Mumbles - Notes From The Underground Airospace - 羽川 翼 [ hanekawa ] Captain Planet - Mystery Trip Vol. 2 Mach-Hommy & Tha God Fahim - DUCK CZN: Chinese Algebra Hellsent & Batsauce - Illegal Tender Sadistik - Salo Sessions II Grandmilly & Shozae - Adventureland
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nerdforcrypto · 2 years
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US Lawmakers Push for Urgent Stablecoin Regulation Fed Warns of Stablecoin Runs, Janet Yellen Cites UST Fiasco Regulation
Keep Up With Crypto in Just Minutes - Cut through the fluff and noise, get your crypto news in concise Key Bullet Points #cryptonews #nft #ether #altcoin #web3 #crypto #bitcoin #blockchain #cryptocurrency #polygon #binance #metaverse #defi #fintech #dao
-The U.S. Treasury Department is pushing for urgent regulation of stablecoins.-The Department cites The terrausd (UST) fiasco as an example of why a comprehensive regulatory framework is urgently needed.-The Financial Stability Oversight Council and The Federal Reserve Board have warned about The risks of stablecoin runs that threaten The countrys Financial stability.
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chqnified · 2 years
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5, 21 & 23! 🌻
5. What's your favorite inside joke within the system?
"Ta mère est si grosse qu'elle fait son repassage sur l'autoroute" I won't give any context. -Erin
"if by the time i die, i wasn't able to spread my legs, at least i can console myself with the fact i spread my knowledge" said by Erin. "What knowledge dumbass" said by Charlie. Which was a start of a very long fight. We're 6 months later. I'm not sure there has been an end to it.- Xera (i would not like to claim any ownership of this immaturity lmao). And the light colour fiasco- that was a whole arguement and a half between half of the system over a fucking light colour, we were high on painkillers and it was 3am.... Which would make more sense. It was a shade of blue.... (I am being yelled at by felix for saying it was blue right now)
The letterbox incident - Felix
21. Spill the tea: What's the latest in-system drama?
Apparently our Dad told Felix to stop buying kpop albums, which he didn't take very lightly. Which idk if that counts as in system tea but-
We caught Xera's boyfriend, but he brushed it off as 'i wasn't trying to hide him from you', like sure.
You can't drink dehumidifier water.
I swear 1 has a crush on 2, but 2 is too emotionally broken to return that. But 1 also has a crush on 8, but 8 already has an in system bf. BUT 4 has a crush on 8's bf as well as 1.... It's a love,,,, polygon???
23. Do you have a discord server for your system to communicate in?
We did. But uh, a third of us didn't know how to use it, a third were too lazy and at that point, only Charlie cared enough to want to interact with the other idiots / hj. Can't relate. So the gc was basically Charlie and Felix, which tbh, they don't need external ways to communicate unlike some of us, so it was pointless. The rest of us hated it lol. It's bad enough i sometimes have to listen to xera lecture me, let alone have him message me smh / j.
We communicate in phone notes or ig the odd tumblr post. Or through eachother if we don't mind the 'news' taking 12 new versions of itself.
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househaunterz · 3 years
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LOOK AT THEMMMM!!!!!
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I did a full page of the polygon fiasco squad!!!!
(Individual drawings)
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