{"id":6089,"date":"2022-06-22T11:36:39","date_gmt":"2022-06-22T09:36:39","guid":{"rendered":"http:\/\/costops.com\/index.php\/2022\/06\/22\/techscape-what-the-crypto-big-freeze-means-for-your-money\/"},"modified":"2022-06-22T11:36:39","modified_gmt":"2022-06-22T09:36:39","slug":"techscape-what-the-crypto-big-freeze-means-for-your-money","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2022\/06\/22\/techscape-what-the-crypto-big-freeze-means-for-your-money\/","title":{"rendered":"TechScape: What the crypto big freeze means for your money"},"content":{"rendered":"<p>In this week\u2019s newsletter: Crypto giant Celsius is freezing out users as it tries to solve a mammoth lending crisis. So what happens if money in the bank isn\u2019t really there?<\/p>\n<ul>\n<li><strong><a href=\"https:\/\/ablink.editorial.theguardian.com\/ss\/c\/TBl-lE0k4WbTlFRn6v-lQXxTpTslqnvUsR2ofAkC00vqkHXqakTSxrykj9mrdACFo11SPMvm9ONAti2JcHBqUgcduObToxycReEYHcTAh6nov_u_7l464yKkl5CZpPeg-CqG3ueb-8UiDZ4dOkhK_xu6BZysaGtGOA-w2_0KTqLsMBLqZrcGelEg-7T5C6DRfMSsX1Wcyrv2RlHjbzIGx0ePxMD7meIXmznkqCFxtrflV_YvxDV9cqXgzdq7c2-9qYTW0MyIMCG7p9sc7wIKCg\/3ha\/N7031ZxvS8Cv2AmB8PHP-g\/h27\/towm4HqYM1UtQe3kzAkaoAWT_zh9HyZuTvPyJCk6JeE\">Don\u2019t get TechScape delivered to your inbox? Sign up for the full article here<\/a><\/strong><\/li>\n<\/ul>\n<p>If you have a $1,000 balance at Celsius \u2013 the crypto bank that froze withdrawals last week, triggering the latest phase of the crisis in the sector \u2013 how much money do you have?<\/p>\n<p>The answer seem clear: you have $1,000. You can withdraw that money and spend it as you see fit. Of course, it may be invested in some esoteric cryptocurrency with a fluctuating value, and you may have to pay a fee to turn your $1,000 of play money into cold, hard cash, but you can treat your balance as something like money in your pocket.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/technology\/2022\/jun\/22\/techscape-celsius-cryptocurrency-bank-freeze-withdrawals\">Continue reading&#8230;<\/a><br \/>\n<img src=\"https:\/\/i.guim.co.uk\/img\/media\/d9fa83ea8e51223223515963c222137766c15023\/0_20_3500_2101\/master\/3500.jpg?width=140&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=bc3676056bb06b56b57bd1fb95638845\" title=\"TechScape: What the crypto big freeze means for your money\" \/>In this week\u2019s newsletter: Crypto giant Celsius is freezing out users as it tries to solve a mammoth lending crisis. So what happens if money in the bank isn\u2019t really there?<br \/>\nDon\u2019t get TechScape delivered to your inbox? Sign up for the full article here<br \/>\nIf you have a $1,000 balance at Celsius \u2013 the crypto bank that froze withdrawals last week, triggering the latest phase of the crisis in the sector \u2013 how much money do you have?<br \/>\nThe answer seem clear: you have $1,000. You can withdraw that money and spend it as you see fit. Of course, it may be invested in some esoteric cryptocurrency with a fluctuating value, and you may have to pay a fee to turn your $1,000 of play money into cold, hard cash, but you can treat your balance as something like money in your pocket. Continue reading&#8230;Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In this week\u2019s newsletter: Crypto giant Celsius is freezing out users as it tries to solve a mammoth lending crisis. So what happens if money in the bank isn\u2019t really there? Don\u2019t get TechScape delivered to your inbox? Sign up for the full article here If you have a $1,000 balance at Celsius \u2013 the &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"http:\/\/costops.com\/index.php\/2022\/06\/22\/techscape-what-the-crypto-big-freeze-means-for-your-money\/\"> <span class=\"screen-reader-text\">TechScape: What the crypto big freeze means for your money<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":0,"featured_media":6090,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/6089"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=6089"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/6089\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/6090"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=6089"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=6089"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=6089"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}