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About Mitty

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  1. Yep, I have written it off. I went through uphold also so perhaps we will get a few cents on the dollar back in a few years. But for now its 10% of my xrp down the drain and a whole bunch of LBA. Zedy that article was a good read. Lets hope the uphold case costs the founders at least a few restless nights and hopefully some financial ruin. dogs. **** Dan.
  2. What did Uphold know when? On October 23rd, Uphold became aware for the first time that there was a potential balance sheet shortfall at Cred that may affect the firm’s ability to honour its financial obligations to customers. On that day, it became apparent that Cred had covered the situation up for some months and had attempted to trade itself out of difficulties by attracting more customer deposits.
  3. Small update from Cred via Twitter. "We deeply regret causing so much concern as we assess the business impact connected with a recent fraudulent incident. Cred is cooperating with law enforcement authorities to investigate the incident. However, no client personal data or account information was compromised." "Unfortunately, we are unable to comment further at this time but we will undertake to provide an update within the next 2 weeks. During this period all inflows and outflows of funds have been suspended." Nothing new. But it's the first public statement from them that i ha
  4. Just got the information that Norge shared via email direct from cred. Cred has experienced irregularities in the handling of specific corporate funds by a perpetrator of fraudulent activity that has negatively impacted Cred’s balance sheet and precipitated a law enforcement investigation into the loss of these funds. Cred is cooperating fully with law enforcement authorities in connection with the investigation into the incident. Cred is in the process of carrying out an internal accounting of its assets and assessing the impact of the incident on its current business and in consultation
  5. That is a concern. I just crossed all my remaining LBA that was in uphold into XRP. No idea if it was the right move or not. But since i just did it I should of done it 12 hours ago and i would of got 20%+ plus. Who is buying LBA is the question? I'm going to be real dark if it comes out the other side with a huge announcement in regard to LBA all is fine and the price races off. But the way they are currently handling this situation I had my hand forced. I guess we all might be seeing how good their insurance is in regard to our pledged assests. All the bes
  6. Not sure what is up but it doesn't look very positive. Uphold is no longer dealing with CRED. Also on the 24th of Oct Cred locked its telegram thread down. Apparently Cred will respond in around the next 24-48 hours from the original Uphold announcement. A bit worried considering all of my lendings are via uphold and I am holding a reasonable stack of LBA. I expect it is just Uphold branching away and they will offer their own lending/borrowing program. But who knows. Hopefully it is not the end of LBA! I am not concerned about getting my XRP back, that should be fine. curren
  7. Also of note is LBA is back up 1% to 6% from 5%.
  8. Not a lot of action on LBA lately. I took the opportunity to pick up another 80k LBA at around 1.7 after the fall from 5.5. I also pulled a few of my lendings so i could regroup into a more manageable situation for tax purposes. I previously had 6 lendings so i was getting a pay out every fortnight and a re lend price every two weeks to match. When they changed to monthly payouts instead of quarterly it was a bit rough on tax time. Plus they don't exactly make tax time easy when lending from uphold. It is a lot of manual matching for each pay out. My new plan is to go a total of 3 lendings on
  9. I wonder if the above has any connection to Cred Merchant Solutions.
  10. https://www.accesswire.com/605143/Cred-Joins-Visas-Fintech-Fast-Track-Program-to-Deliver-Payment-Innovations https://bitcoinexchangeguide.com/crypto-lender-cred-joins-visas-fintech-fast-track-program-to-leverage-its-payment-network/ https://cryptopotato.com/cryptocurrency-lending-platform-cred-joins-visas-fast-track-program/ https://www.theblockcrypto.com/linked/77175/crypto-firm-cred-joins-visas-fast-track-program-to-develop-lending-services Looks like this news has caused a bit of a bounce. 0.016 to .02+ current price: $0.0216 current CS: 840,410,2
  11. Latest AMA came out yesterday. Worth a watch. Dan: "Second, ahh team has been working really hard on two game changing partnerships that we will be announcing this coming month, in September ... it's going to be an exciting month of announcements that's for sure. " https://www.youtube.com/watch?v=PZOmqiH1wpQ current price: $0.0282 current CS: 840,410,205 (unchanged)
  12. On further reading Klever is the re branding of the tron wallet. https://coinmarketcap.com/headlines/news/tronwallet-kicks-off-in-app-offering-of-klever-klv-token-ahead-of-klever-apps-launch/ I imagine the tron wallet had a large user base. https://cryptonews.com/news/tronwallet-s-4th-generation-wallet-klever-app-launches-w-mul-7563.htm Are tron investors likely to buy LBA?
  13. The above announcement (Klever) I believe was the ann CRED was referencing in their tweet poll. Only a single partnership announced and it just missed August. So CREDs social media is performing to its standards. The article states Klever has 250k daily active users (DAU) and 580k monthly active users (MAU). It is enabling Klever wallet users to particpate in CREDs borrowing and lending services. "The partnership between Klever and Cred will also enable Klever users to soon be able to Swap Cred’s LBA utility token inside the Klever App, as LBA will be added to the Klever Swap tool wi
  14. https://medium.com/tronwallet/klever-and-cred-announce-partnership-to-allow-crypto-interest-earning-in-klever-app-a51ab930568a Will read and comment later. current price: $0.0292 current CS: 840,410,205 (unchanged)
  15. LBA has been listed on the exchange BKEX against Tether. My initial reaction was tepid as I had never heard of the exchange before. Checking CMC surprised me with them having BKEX ranked 13 for spot exchanges. I am not sure what criteria goes into the rankings but what ever it is 13 seems pretty solid. CMC also has their 24hr volume in USD of BTC=85m ,ETH=59m ,XRP=11m. LBA is trading now and so far its 24 hour volume is 37k USD. Hopefully this is a precursor to BKEX offering lending/borrowing programs via CRED. Coin Geko has BKEX ranked 7 on volume. https://www.coingecko.co
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