Jump to content

Mitty

Member
  • Posts

    129
  • Joined

  • Last visited

1 Follower

Recent Profile Visitors

The recent visitors block is disabled and is not being shown to other users.

Mitty's Achievements

  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 have seen. The fact they don't state user funds are safe would indicate they are not. Are we missing 1% 10% 100%. Average at best. The fact the price is still above 1c is the only thing that is positive currently.
  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 with legal counsel has determined to temporarily suspend all inflows and outflows of funds relating to the CredEarn program. No client personal information or other account data has been compromised. Given the circumstances, we are unable to comment further at this time but we will undertake to provide an update within the next 2 weeks. We regret having to relay this disheartening news. However, we assure you that we will share as much information as we can, to keep you abreast of this matter. Thank you for your patience.
  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 best.
  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. current price: $0.0116 current CS: 840,410,205 (unchanged)
  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 once per month on the first and have a new stake price each month. LBA is offering lower rates to lenders now than ever before but i view it as more sustainable so still happy to hold around 15% of my crypto funds in cred. we are still waiting for the second big announcement for September i believe. Not a lot of info in regard to the visa partnership has been released. current price: $0.017 current CS: 840,410,205 (unchanged)
  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: 840,410,205 (unchanged)
  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 with 5 direct trading pairs in BTC, KLV, TRX, ETH and USDT. " "Klever will add support for more blockchains including Litecoin (LTC), DigiByte (DGB), DogeCoin (DOGE), EOS (EOS), Stellar (XLM), Bitcoin Cash (BCH) and XRP. The cryptocurrencies on these blockchains will also become available in the future for staking with Cred inside the Klever App." Seems like a pretty solid partnership. Who knows what the take up is in a venture like this, but the more exposure the better. If even just 1% of the daily users decides to try it out with premium rates that is still 25mil or 2.5% of the total supply locked up. I also like that Klever users will have the option to trade 4 cryptos and 1 stable coin. The fact that its BTC(220b), ETH(52b), TRX(2b) and LBA(23m) could encourage a few speculative buys since its market cap is so low compared to the others for Klevers user base. LBA premium earnings dropped to 5% for Sept 1st lending down from 6% previously. On one hand more interest is always better but LBA has more than doubled in the last month so its still an ok payout. Most of all tho i think 5% is a lot more sustainable interest rate to pay out than the original 10% paid on LBA. As a LBA holder and CRED user I need CRED the company to be profitable so they can sustain and grow their environment. I always questioned how on earth they could pay 10% on LBA. Even 5% is still doubtful. It would be great to hear some customer stories on the other side of the lending. According to BKEX 24hr volume it is currently sitting on USD 900k+ with 33500000 LBA traded against USDT. Have my doubts about its authenticity. https://www.bkex.com/trade/LBA_USDT current price: $0.0278 current CS: 840,410,205 (unchanged)
  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.com/en/exchanges I have no idea if BKEX is a legit exchange or not. Can anyone else comment on them? Also no official announcement from CRED which may mean this is just a listing by BKEX on their own accord. If that is the case then it seems CRED has dropped the ball again with their August announcement poll going unanswered. https://bkex.zendesk.com/hc/en-us/articles/360053621973-Announcement-on-BKEX-Global-about-listing-LBA-Cred- https://www.bkex.co/trade/LBA_USDT https://twitter.com/ComBkex/status/1299239114848436224 current price: $0.0307 current CS: 840,410,205 (unchanged)
×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.