Readit NewsI wonder how many fish died? And do they do anything to try and minimize the death toll of the sea creatures?
they drop pamphlets in the water, of course
turkeytotal commented on Bill Hwang of Archegos Capital lost $20B in two days bloomberg.com/news/featur... · Posted by u/haltingproblem
Didn’t happen in that article. Fed providing liquidity wasn’t specific to hedge funds at all.
“ It remains unclear how big of a role hedge funds played in March’s meltdown — even how many and which funds were involved remains hazy. ”
Specific or not (yes many different types of institutions can access these markets), hedge funds are known for taking highly leveraged bets with this overnight cash. There is a huge market for sponsored repo trades.
Hedge funds were most certainly a part of this problem, and were bailed out.
turkeytotal commented on Bill Hwang of Archegos Capital lost $20B in two days bloomberg.com/news/featur... · Posted by u/haltingproblem
When have hedge funders been bailed out?
Happens all the time.
e.g. https://www.nytimes.com/2020/07/23/business/economy/hedge-fu...
Thank you!
We've structured the product and flow of funds such that we are exempt from MTLs and the Bitlicense. The volume limits and data collection we perform are all within the legal framework for AML. We may adjust them over time as we develop our risk model. I believe it is possible to have security without sacrificing privacy. :)
I am surprised to hear that the NYDFS considers a service that facilitates the sale of cash equivalents for cryptocurrency exempt from licensing. Would you mind sharing more?
I’m Ken, the founder of Moon.
I'm a big believer in crypto--Bitcoin especially. But I think it's about more than just being a store of value. I see it as a medium of exchange. That is why I built Moon.
We integrated with Lightning Network because we see Lightning as the future of Bitcoin for consumer payments. Payments take roughly 3 seconds and network fees are around 50-150sats (3-5 cents) as opposed to the 1 hour wait and $20 you'd pay on-chain.
The crypto debit cards on the market take custody of your crypto, which is not really optimal, and they don't focus on preserving your privacy. Moon is non-custodial. Moon Visa® Prepaid Cards are one-time-use virtual cards so you don’t have to worry about data breaches leaking your payment information.
I'd love your feedback on the product and how we can make it better.
Cool product! Can you elaborate on the regulatory framework you guys operate under? I am surprised to see so little data collection for such high volumes (up to $10,000 / day). Do you guys have a BitLicense? Or any MT licenses for the other 49 states?
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turkeytotal commented on Ask HN: How to mitigate “SMS layer” DDoS attacks with Twilio-style services? · Posted by u/turkeytotal
Teli has treated us well for years, they use some small cell provider in the midwest for SMS/MMS enablement. Signalwire is essentially Bandwidth.com without the sales funnel.
FWIW, I looked through the APIs and while I did see mechanisms for rejecting phone calls and faxes, I did not see a way to block specific numbers from sending you SMS. Not that it matters, free inbound more or less solves the problem. Thanks again.
> We created synthecin w/ SyntheMol-RL, our new RL generative AI. All open source.
https://x.com/james_y_zou/status/1924506075312894253
https://github.com/swansonk14/SyntheMol