CZ Stirs Up New Drama With Coinbase

GM Readers!📪 It's BitDegree Insider, and here's what's up.

⭐️Today's selection:

• ❗CZ Deletes Tweet About Coinbase's BTC Reserves
• 🤥 Elon Musk Responds To False Report About Twitter & SBF
• 🌪️ Black Friday Deals
• 💰We're Launching a Telegram Channel!
• 👌Selected Meme of The Day
• 📰Bite-Sized News

CZ DELETES TWEET ABOUT COINBASE'S BTC RESERVES

CZ is once again at the center of attention. This time he expressed doubts about the news that Coinbase Custody actually holds 635,000 BTC on behalf of Grayscale.

If you feel out of the loop, we wrote about it on Monday.

Basically, Grayscale, the crypto fund that holds $11 billion worth of bitcoin, has refused to publish proof-of-reserve.

People started panicking. Eventually, Coinbase Custody confirmed that they hold over 635K BTC on behalf of Grayscale.

Some people were convinced, others not so much. While others remained really skeptical. One of them was CZ. So he tweeted this:

And then... deleted it.

But just like a single candle can set the whole house on fire, a single tweet can start a massive panic wave. Especially if it's by CZ.

After all, It was him who tweeted about Binance selling their FTT holdings, and by doing so, began the Domino effect of the FTX collapse.

And this time the arrows were aimed at Coinbase. So Coinbase CEO Brian Armstrong immediately responded:

CZ acknowledged Brian Armstrong's response, and deleted his own tweet afterwards.

Nevertheless, observers saw this as a rather bizarre exchange. CZ knows his influence, and tweets like these can be regarded as calculated moves.

Here's what Will Clementine, the co-founder of Reflexivity Research, said about it:

'I get the argument that [CZ is] trying to protect the industry but CZ is more than smart enough to know that exchange and custody wallets are separate.'

TL;DR: CZ shares his doubts about Coinbase's bitcoin reserves on Twitter. People begin to panic. Brian Armstrong, CEO of Coinbase, responds. CZ deletes the tweet.

BLACK FRIDAY OPPORTUNITIES

Black Friday sales are already on. It's the right time to get what you need and save some money while doing so. But what is something that everyone needs?

Every other day we hear fresh stories about exchanges halting withdrawals… So one thing becomes obvious.

People should keep their money in something other than crypto exchanges. And what's the safest place for your assets? Cold storage hardware wallets.

So… We scanned the market and found the hottest deals.🔥

And they're sold at discounted Black Friday prices.

A top-tier option is the Ledger hardware wallet. Of course, its reputation correlates with price.

But they have this special deal: if you're going to buy their products, you can receive up to $30 worth of BTC for every purchase.

A more affordable solution is Shift Crypto. Swiss made. Endorsed by Forbes's author Tatiana Koffman. Ideal for beginners. Reliable. They're offering a 10% discount for everything in their shop. You can get yours for around $130.

And finally, the least expensive option is Keystone hardware wallets. Here's the catch - it's the cheapest because they're applying a 30% discount for their entire shop! So, you can get a Keystone Essential wallet for just $83.30! Ultra-secure and backed by the industry's big names. What else can one want? Now that's a Black Friday deal.

So, keep in mind if you want to start storing your coins securely - there won't be a better time to do so this year!

But hey! If you want to learn more about wallets before buying them, we've got great news for you too. We're creating an intermediate-level course about wallets. If you're interested, be sure to sign up here for early and exclusive access!

ELON MUSK SHUTS DOWN FALSE REPORT ABOUT TWITTER AND SBF

Business Insider tried doing some investigative journalism. It backfired.

'Sam Bankman-Fried reportedly owns a $100 million stake in Elon Musk's Twitter', stated their latest piece.

As the title suggests, the article examines a report posted by Semafor, yet another news website.

Essentially, it claims that the FTX founder contributed about $100 million when the Twitter's buyout was taking place.

Elon Musk didn't mince his words when he found out about this article:

'False. Also, Business is still not a real publication. Just give up,' he tweeted.

And then fired a shot at Semafor, the outlet that published the original report:

'Semafor is owned by SBF. This is a massive conflict of interest in your reporting. Journalistic integrity is 🗑️'

This appears to be true, as SBF was truly among the most active investors that contributed to Semafor's funding. Elon attached this picture:

TL;DR: News company publishes false info about SBF owning $100M stake in Twitter, Elon Musk denies it and teaches them a lesson.

WE'RE ON TELEGRAM!

Okay, not long ago we asked you whether you'd be interested in joining a Telegram Channel that would be dedicated to practical, hands-on opportunities.

Many of you responded favorably, and we hear you!

Today we're excited to invite you into BitDegree Insider Telegram Channel.

Here you'll find the latest news, updates and info various NFTs, Airdrops, Testnets and similar opportunities to try and get some extra digital cash.

If you're interested, be sure to join it, which you can do right here.

See you there! ❤️

SELECTED MEME OF THE DAY

BITE-SIZED NEWS

• Argentina's Football Fan Token Plunges After the Team Lost Against Saudi Arabia. Messy around Messi.
• Bitpanda Receives Crypto Custody License from German Financial Authority. It's getting serious.
• "Metaverse" Among Candidates to Become Oxford's Word of the Year. Its strongest competitor is 'Goblin Mode'.
• New York Partially Bans Crypto Mining for Two Years. No place for crypto carbon emissions in the Big Apple.