The reason for the recent dump is majorly associated with the latest "warning" from SEC to Coinbase due to the interest rates planned for the Lending feature. The interest rates have always been multiple times higher than the offers from the regular banks. While the interest rate for, even, fiat currencies are satisfactorily high, the flow of money into crypto to earn interest made SEC annoyed.  [Source](https://americandeposits.com/declining-interest-rates-business/) While crypto exchanges (Coinbase) and crypto-banking services (BlockFi, Nexo, Celsius) are trying hard to follow the policies, they are still seen as a threat for the existing system. Frankly speaking, their affect will be devastating on the inefficient banking system that still operate with several issues. ### Coinbase FUD shakes the market Though there are many regulation-friendly service providers, Coinbase has a unique place in the eyes of people. While there are some prohibited exchanges and initial offerings for people living in US, UK and a couple of countries, Coinbase would be a solution for everyone. Regardless the scope of the lawsuit, there is just one rule: No crush with Coinbase. However, the case is beyond Coinbase, it's a fight against the "more than enough" profitable nature of crypto services. ### Interest Rates are likely to be adjusted Nexo is offering %5 + %1 for cryptocurrencies while it reaches %12 for stablecoins while Celsius, BlockFi, Voyager, Crypto.com and many other counterparties are more or less the same with the interest rates. Would anyone hold USD in regular banks while there are massive differences between the rates in crypto-banks? Though it depends on the risk apptetite, there are millions of people going for crypto banks. #### Signal to Crypto: ~~High Yields~~ Coinbase does not want to have problems with policy makers while the exchange has such an ideal place among crypto markets. Obviously, the steps that are likely to be taken by Coinbase will be followed by the others. At that point, BlockFi is already having issues as it's mentioned on [Decrypt.co](https://decrypt.co/80429/sec-coinbase-lend-4) news. Assuming that the CEXs can adjust their interest rates to comply with expectation of the policy makers, De-Fi is still an untoucable area for the regulations. Though the access to the projects might be restricted, no authority can stop X person signing a transaction of a smart contract... ### HBD Interest Rates While reading the news, HBD came to my mind as there is a nice interest rate for HBD on savings account. IMHO, there might be a rush into such decentralized and blockchain-based stablecoins if the interest rates for fiat currencies are likely to be adjusted. Diversification has always been a good strategy for crypto holders to manage the risk taken in crypto ecosystem. Though I adore the new generation crypto-banking services, they will eventually be forced to rely on the policies. On the other hand, blockchain-based counterparties may attract the flow of money on them. Meanwhile, HBD may become overpriced as before if a strong wave of interest rate re-adjustment takes place in crypto. I'm a bit disappointed with the news but it was not a surprise for most of us 🕵🏼♀️ Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@idiosyncratic1/sec-fud-sec-against-high-yields)
| author | idiosyncratic1 |
|---|---|
| permlink | sec-fud-sec-against-high-yields |
| category | hive-167922 |
| json_metadata | {"app":"leofinance/0.2","format":"markdown","tags":["leofinance","proofofbrain","ctp","archon","neoxian","crypto","palnet","cent","cryptocurrency"],"canonical_url":"https://leofinance.io/@idiosyncratic1/sec-fud-sec-against-high-yields","links":["https://americandeposits.com/declining-interest-rates-business/","https://decrypt.co/80429/sec-coinbase-lend-4"],"image":["https://americandeposits.com/wp-content/uploads/declining-interest-rates-your-businessfacebook.jpg"]} |
| created | 2021-09-08 20:37:54 |
| last_update | 2021-09-08 20:37:54 |
| depth | 0 |
| children | 1 |
| last_payout | 2021-09-15 20:37:54 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 18.713 HBD |
| curator_payout_value | 18.623 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 3,471 |
| author_reputation | 497,306,936,152,539 |
| root_title | "SEC FUD - SEC Against High Yields" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 106,119,232 |
| net_rshares | 34,417,444,289,035 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| yefet | 0 | 7,772,958,685 | 12.5% | ||
| jphamer1 | 0 | 7,385,423,206,098 | 100% | ||
| uwelang | 0 | 7,796,157,136 | 1.25% | ||
| ahmadmanga | 0 | 1,577,166,517 | 17.5% | ||
| bigtakosensei | 0 | 572,227,097 | 0.5% | ||
| voter | 0 | 33,904,808 | 100% | ||
| alexis555 | 0 | 2,198,118,647,646 | 24% | ||
| lordneroo | 0 | 36,540,740,154 | 100% | ||
| damla | 0 | 68,878,465,755 | 100% | ||
| thatsweeneyguy | 0 | 1,235,353,659 | 5% | ||
| forykw | 0 | 979,864,080,991 | 50% | ||
| ew-and-patterns | 0 | 110,305,377,635 | 10% | ||
| paasz | 0 | 393,965,378 | 100% | ||
| nathanmars | 0 | 238,364,138,900 | 33% | ||
| pixelfan | 0 | 37,309,894,967 | 5.6% | ||
| jeanlucsr | 0 | 6,772,378,741 | 4% | ||
| nevies | 0 | 1,544,170,815 | 31% | ||
| ayobami99 | 0 | 8,248,958,465 | 50% | ||
| bahagia-arbi | 0 | 3,353,453,537 | 25% | ||
| noloafing | 0 | 3,458,248,870 | 10% | ||
| vlemon | 0 | 720,141,687,170 | 90% | ||
| drax | 0 | 185,835,999,510 | 40% | ||
| khaleelkazi | 0 | 15,180,040,414 | 35% | ||
| anadolu | 0 | 88,653,119,551 | 20% | ||
| karinxxl | 0 | 20,673,650,586 | 50% | ||
| mightpossibly | 0 | 22,279,647,188 | 25% | ||
| chekohler | 0 | 42,738,153,467 | 10% | ||
| mytechtrail | 0 | 18,105,039,105 | 5% | ||
| mikitaly | 0 | 7,550,629,175 | 80% | ||
| baycan | 0 | 1,006,627,966 | 10% | ||
| coinmeria | 0 | 694,880,225 | 35% | ||
| culgin | 0 | 13,762,445,317 | 20% | ||
| ericburgoyne | 0 | 2,483,996,719 | 5% | ||
| fireguardian | 0 | 866,351,697 | 15.5% | ||
| russellstockley | 0 | 21,497,860,466 | 25% | ||
| jglake | 0 | 5,375,444,877 | 20% | ||
| cruisin | 0 | 575,013,502 | 50% | ||
| uyobong | 0 | 44,021,720,413 | 50% | ||
| muratkbesiroglu | 0 | 274,816,622,773 | 100% | ||
| sbi2 | 0 | 56,281,195,791 | 2.71% | ||
| paragism | 0 | 3,917,530,030 | 20% | ||
| emotionalsea | 0 | 865,628,346 | 50% | ||
| flaxz | 0 | 2,082,365,425 | 2.4% | ||
| blainjones | 0 | 10,506,640,654 | 5% | ||
| gadrian | 0 | 23,328,098,866 | 15.25% | ||
| ross92 | 0 | 1,094,221,140 | 12.5% | ||
| getron | 0 | 1,410,819,118 | 25% | ||
| bilimkurgu | 0 | 6,098,544,162 | 20% | ||
| vietthuy | 0 | 2,170,722,925 | 50% | ||
| evegrace | 0 | 10,380,595,846 | 25% | ||
| agathusia | 0 | 671,311,096 | 100% | ||
| shortsegments | 0 | 2,032,662,302 | 1.25% | ||
| olumzy | 0 | 26,547,501,765 | 7.5% | ||
| pablorg94 | 0 | 555,829,660 | 100% | ||
| gallerani | 0 | 1,490,350,532 | 25% | ||
| minimining | 0 | 30,262,634,773 | 50% | ||
| pixiepost | 0 | 12,115,382,600 | 10% | ||
| guurry123 | 0 | 793,825,302 | 3% | ||
| merlin7 | 0 | 124,525,567,497 | 50% | ||
| certain | 0 | 124,208,769,335 | 50% | ||
| banat | 0 | 4,802,760,381 | 25% | ||
| flyingbolt | 0 | 1,802,607,528 | 25% | ||
| idiosyncratic1 | 0 | 31,948,664,682 | 100% | ||
| hashkings | 0 | 3,922,456,661 | 3.75% | ||
| daniel-vs | 0 | 1,369,809,870 | 25% | ||
| blockchainfo | 0 | 2,111,514,542 | 50% | ||
| tina-vs | 0 | 1,552,187,570 | 25% | ||
| engrsayful | 0 | 5,245,233,714 | 17.5% | ||
| megavest | 0 | 55,637,451,083 | 25% | ||
| solairitas | 0 | 98,586,467,355 | 25% | ||
| deeanndmathews | 0 | 13,229,795,799 | 25% | ||
| haxxdump | 0 | 115,439,051 | 10% | ||
| oxoskva | 0 | 1,929,836,432 | 100% | ||
| travelwritemoney | 0 | 11,916,780,049 | 25% | ||
| edipascal | 0 | 718,974,093 | 100% | ||
| worldhelper | 0 | 1,092,533,992 | 25% | ||
| leo.voter | 0 | 16,672,201,279,996 | 25% | ||
| leo.curator | 0 | 1,200,486,038 | 28% | ||
| leo.bank | 0 | 649,919,949 | 25% | ||
| learn.leo | 0 | 611,831,194 | 35% | ||
| babytarazkp | 0 | 2,884,171,540 | 40% | ||
| poam | 0 | 635,828,201 | 34.65% | ||
| maddogmike | 0 | 7,585,959,630 | 8% | ||
| thranax | 0 | 5,641,629,610 | 20% | ||
| ph1102.ctp | 0 | 9,058,089,633 | 100% | ||
| refinement | 0 | 551,371,340 | 35% | ||
| revise.leo | 0 | 5,842,259,868 | 100% | ||
| iamraincrystal | 0 | 92,926,779,064 | 50% | ||
| bastionpm | 0 | 1,382,029,340 | 25% | ||
| elianaicgomes | 0 | 3,738,490,143 | 5% | ||
| bradleyarrow | 0 | 21,309,985,190 | 10% | ||
| rpi | 0 | 16,421,183 | 10% | ||
| leotrail | 0 | 1,083,896,336 | 35% | ||
| tonimontana.neo | 0 | 49,169,953 | 4.29% | ||
| enison1 | 0 | 513,975,168 | 100% | ||
| toni.ggame | 0 | 114,327,151 | 1.46% | ||
| javb | 0 | 513,939,301 | 12.5% | ||
| autowin | 0 | 541,702,926 | 35% | ||
| meosleos | 0 | 544,523,349 | 34.65% | ||
| steem-holder | 0 | 10,570,619,615 | 10% | ||
| xxxxxxxxxxxxxxxx | 0 | 2,252,556,045 | 12.5% | ||
| solairibot | 0 | 20,415,058,456 | 25% | ||
| leofinance | 0 | 10,900,067,547 | 25% | ||
| ykretz | 0 | 5,211,655,640 | 12.5% | ||
| thepeakstudio | 0 | 1,159,353,251 | 25% | ||
| jskitty | 0 | 176,797,289,508 | 100% | ||
| nulledgh0st | 0 | 89,070,400,146 | 100% | ||
| hiveghost | 0 | 1,831,245,257 | 50% | ||
| mynima | 0 | 13,218,553,897 | 75% | ||
| f0x-society | 0 | 1,343,873,249 | 50% | ||
| hivexperiment | 0 | 840,142,630 | 100% | ||
| rezoanulvctp | 0 | 3,635,858,764 | 100% | ||
| hodlcommunity | 0 | 2,147,703,903,686 | 100% | ||
| hodl-fund | 0 | 1,442,765,146 | 100% | ||
| gradeon | 0 | 1,411,436,757 | 10% | ||
| hivelist | 0 | 32,478,029,650 | 10% | ||
| defi.campus | 0 | 37,242,493,310 | 50% | ||
| djsl82 | 0 | 1,129,537,549 | 2.5% | ||
| hivehustlers | 0 | 83,766,362,976 | 50% | ||
| beehivetrader | 0 | 883,150,960 | 12.5% | ||
| lukeisalive | 0 | 7,222,528,907 | 50% | ||
| kaseldz | 0 | 1,373,169,958 | 50% | ||
| daniky | 0 | 2,049,946,694 | 2.5% | ||
| txrose | 0 | 2,351,142,369 | 50% | ||
| dotnb | 0 | 996,034,079 | 50% | ||
| aslehansen | 0 | 6,553,489,968 | 40% | ||
| pixiedust4u | 0 | 1,101,104,948 | 50% | ||
| spirall | 0 | 544,919,348 | 50% | ||
| myupvote2u | 0 | 887,935,635 | 50% | ||
| ctpsb | 0 | 747,405,228,944 | 40% | ||
| ph1102.ctptrail | 0 | 707,570,805 | 100% | ||
| cryptopoints | 0 | 14,556,553,016 | 100% | ||
| cwow2.food | 0 | 481,971,158 | 25% | ||
| ztfo | 0 | 561,966,234 | 33.25% | ||
| jobar | 0 | 589,601,521 | 35% | ||
| kaef | 0 | 534,185,493 | 33.25% | ||
| integrated | 0 | 553,294,980 | 35% | ||
| hanez | 0 | 637,828,065 | 35% | ||
| minebb | 0 | 538,502,690 | 33.95% | ||
| plasticsoul | 0 | 540,386,957 | 35% | ||
| scrpt | 0 | 520,551,323 | 35% | ||
| druma | 0 | 547,399,305 | 35% | ||
| infihedge | 0 | 587,155,499 | 35% | ||
| stackfi | 0 | 574,727,630 | 35% | ||
| hemerit | 0 | 515,699,685 | 35% | ||
| psgood | 0 | 532,515,106 | 35% | ||
| netaterra.leo | 0 | 815,949,177 | 22.5% | ||
| twrk | 0 | 524,450,197 | 35% | ||
| eth2 | 0 | 527,435,695 | 35% | ||
| he-index | 0 | 5,003,502,946 | 10% | ||
| tslap | 0 | 538,899,682 | 35% | ||
| hodol | 0 | 510,582,549 | 35% | ||
| theco | 0 | 543,927,201 | 35% | ||
| hariton | 0 | 7,750,824,073 | 40% | ||
| muskland | 0 | 524,016,727 | 35% | ||
| hochismin | 0 | 523,175,904 | 35% | ||
| givup | 0 | 529,382,310 | 35% | ||
| etheru | 0 | 537,707,046 | 35% | ||
| leo.tokens | 0 | 2,213,969,162 | 25% | ||
| bynd | 0 | 527,857,448 | 35% | ||
| elong | 0 | 528,967,559 | 35% | ||
| logroll | 0 | 558,755,612 | 35% | ||
| outperform | 0 | 539,028,624 | 35% | ||
| perfi | 0 | 525,766,114 | 35% | ||
| foreo | 0 | 541,444,169 | 35% | ||
| capsule | 0 | 551,159,403 | 35% | ||
| sn8 | 0 | 545,979,760 | 35% | ||
| fundament | 0 | 546,293,547 | 35% | ||
| livingdigitally | 0 | 716,280,601 | 12.5% | ||
| index-a | 0 | 535,065,635 | 35% | ||
| kropak | 0 | 526,756,987 | 35% | ||
| bitbi | 0 | 532,818,653 | 35% | ||
| ctpsb.cut | 0 | 1,260,713,897 | 10% | ||
| cielitorojo | 0 | 9,188,413,065 | 12.5% | ||
| feelfor | 0 | 536,263,891 | 35% | ||
| mercador | 0 | 518,895,790 | 35% | ||
| companyx | 0 | 549,196,197 | 35% | ||
| hallogen | 0 | 524,572,285 | 35% | ||
| hodldays | 0 | 527,498,296 | 34.65% | ||
| mandawanda | 0 | 547,148,174 | 35% | ||
| crc | 0 | 0 | 10% | ||
| portfoliomargin | 0 | 548,744,841 | 35% | ||
| belemo.leo | 0 | 2,474,060,850 | 100% | ||
| fremo | 0 | 529,228,110 | 35% | ||
| deliveries | 0 | 520,161,273 | 33.95% | ||
| jackedup | 0 | 513,524,076 | 33.95% | ||
| tierbtc | 0 | 516,257,916 | 34.3% | ||
| compoundin | 0 | 535,932,554 | 34.65% | ||
| frankjr | 0 | 529,786,244 | 35% | ||
| waiting8 | 0 | 527,006,796 | 33.95% | ||
| starked | 0 | 518,227,940 | 35% | ||
| mk2 | 0 | 530,055,932 | 33.25% | ||
| ghostdrive | 0 | 526,460,863 | 33.95% | ||
| thatbull | 0 | 541,083,369 | 35% | ||
| heimdalla | 0 | 528,448,083 | 34.3% | ||
| pitchleo | 0 | 518,880,876 | 35% | ||
| hollywoodz | 0 | 542,587,830 | 35% | ||
| zbh1 | 0 | 522,914,026 | 34.65% | ||
| blockhire | 0 | 526,035,803 | 35% | ||
| f82 | 0 | 540,191,258 | 35% | ||
| natureway | 0 | 539,582,042 | 35% | ||
| knowhere | 0 | 537,343,449 | 35% | ||
| gamor | 0 | 539,387,454 | 35% | ||
| dvision | 0 | 532,091,189 | 35% | ||
| quantumant | 0 | 545,059,574 | 35% | ||
| cvlwar | 0 | 534,033,313 | 35% | ||
| sanctum | 0 | 533,363,036 | 35% | ||
| challa | 0 | 513,731,185 | 35% | ||
| apeople | 0 | 531,403,137 | 35% | ||
| quantumblank | 0 | 549,504,531 | 35% | ||
| endgames | 0 | 631,414,779 | 35% | ||
| justbuild | 0 | 532,345,205 | 35% | ||
| realleader | 0 | 549,527,375 | 35% | ||
| gohodl | 0 | 532,900,578 | 35% | ||
| leverup | 0 | 533,558,108 | 33.95% | ||
| justcapital | 0 | 541,394,470 | 35% | ||
| reflecting | 0 | 541,061,385 | 35% | ||
| buildhedge | 0 | 531,245,096 | 34.65% | ||
| emsenn0 | 0 | 3,729,869,863 | 30.5% | ||
| elongate | 0 | 547,314,024 | 35% | ||
| amongus | 0 | 537,269,167 | 35% | ||
| elgatoshawua | 0 | 2,324,749,787 | 12.5% | ||
| seevision | 0 | 526,314,513 | 34.3% | ||
| yellowstone | 0 | 542,025,661 | 35% | ||
| luckyali.ctp | 0 | 1,119,612,400 | 40% | ||
| runify | 0 | 554,599,333 | 35% | ||
| luckyali.leo | 0 | 822,245,457 | 25% | ||
| cybermusk | 0 | 541,998,423 | 35% | ||
| cornerbreak | 0 | 536,694,175 | 35% | ||
| findbalance | 0 | 548,573,792 | 35% | ||
| saylorfy | 0 | 559,208,316 | 35% | ||
| lasergang | 0 | 548,123,720 | 35% | ||
| billionsight | 0 | 530,046,527 | 35% | ||
| liotes.ctp | 0 | 654,989,287 | 100% | ||
| liotes.leo | 0 | 654,013,629 | 100% | ||
| darkelon | 0 | 547,765,979 | 35% | ||
| onemission | 0 | 532,472,255 | 35% | ||
| totalrekall | 0 | 539,195,271 | 35% | ||
| proofofbrainio | 0 | 94,486,043,736 | 10.23% | ||
| capitalcost | 0 | 520,602,074 | 35% | ||
| stablefi | 0 | 540,764,802 | 35% | ||
| ledg | 0 | 553,851,710 | 35% | ||
| idiosyncraticctp | 0 | 760,954,906 | 100% | ||
| riandeuk | 0 | 2,490,722,419 | 100% | ||
| cryptololo | 0 | 1,611,949,359 | 22.5% | ||
| ironhot | 0 | 547,678,710 | 35% | ||
| liotes.voter | 0 | 609,440,448,831 | 61% | ||
| mylioness | 0 | 543,614,101 | 35% | ||
| horstman5 | 0 | 750,104,177 | 12.5% | ||
| leoball | 0 | 725,777,633 | 25% | ||
| kemonine | 0 | 3,863,023,528 | 15.25% | ||
| pubgood | 0 | 533,707,018 | 35% | ||
| samseny | 0 | 780,975,315 | 50% | ||
| bitjoins | 0 | 531,573,290 | 35% | ||
| tolf | 0 | 534,559,260 | 35% | ||
| abh12345.ctp | 0 | 3,013,755,344 | 100% | ||
| hodlmi | 0 | 532,517,512 | 34.3% | ||
| almightymelon2nd | 0 | 648,126,373 | 61% | ||
| optionfreedom | 0 | 519,877,626 | 35% | ||
| selectyourself | 0 | 550,928,771 | 35% | ||
| mimi05 | 0 | 5,308,868,906 | 80% | ||
| jocieprosza.leo | 0 | 4,711,162,577 | 100% | ||
| dedeh13 | 0 | 90,473,541 | 100% | ||
| ctp.sub | 0 | 75,330,946,614 | 20% |
https://twitter.com/idiosyncratic1_/status/1435707139864080402 <sub> The rewards earned on this comment will go directly to the person sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.</sub>
| author | poshtoken | ||||||
|---|---|---|---|---|---|---|---|
| permlink | re-idiosyncratic1-sec-fud-sec-against-high-yields86767 | ||||||
| category | hive-167922 | ||||||
| json_metadata | "{"app":"Poshtoken 0.0.1"}" | ||||||
| created | 2021-09-08 20:51:15 | ||||||
| last_update | 2021-09-08 20:51:15 | ||||||
| depth | 1 | ||||||
| children | 0 | ||||||
| last_payout | 2021-09-15 20:51:15 | ||||||
| cashout_time | 1969-12-31 23:59:59 | ||||||
| total_payout_value | 0.000 HBD | ||||||
| curator_payout_value | 0.000 HBD | ||||||
| pending_payout_value | 0.000 HBD | ||||||
| promoted | 0.000 HBD | ||||||
| body_length | 250 | ||||||
| author_reputation | 5,577,998,548,852,661 | ||||||
| root_title | "SEC FUD - SEC Against High Yields" | ||||||
| beneficiaries |
| ||||||
| max_accepted_payout | 1,000,000.000 HBD | ||||||
| percent_hbd | 0 | ||||||
| post_id | 106,119,533 | ||||||
| net_rshares | 0 |
hiveblocks