Bitcoin and other Crypto (cont.)

[jameslee32]

FTX unit and SBF’s parents invested heavily into Bahamas property worth $121 million: report

An FTX unit, FTX executives and founder Sam Bankman-Fried’s parents bought at least 19 properties in the Bahamas worth around $121 million, Reuters reports

www.marketwatch.com

 

[bigblueinsanity]

If the fed couldn't control it, they'll destroy it. Iirc I posted basically that in this very thread.

This was coming one way or another

 

[Wesley91581]

So how much did Odell Beckham lose from his crypto paid salary last year

 

[WayneDougan]

If the fed couldn't control it, they'll destroy it. Iirc I posted basically that in this very thread.

This was coming one way or another

By destroy it do you mean let the dudes who are involved in it run it like a ponzi scheme until it dies?

 

[bigblueinsanity]

By destroy it do you mean let the dudes who are involved in it run it like a ponzi scheme until it dies?

This ftx thing is clear proof there was massive government entanglement in crypto. If anyone ever gets to investigate, this will be just the beginning

 

[jameslee32]

Crypto lender BlockFi files for bankruptcy in New Jersey

U.S. cryptocurrency lender BlockFi said on Monday it had filed for Chapter 11 bankruptcy protection along with eight affiliates in a New Jersey court, the latest casualty since FTX's collapse earlier this month triggered instability in the crypto market.

www.reuters.com

 

[VaxxedObamaCat]

If the fed couldn't control it, they'll destroy it. Iirc I posted basically that in this very thread.

This was coming one way or another

Pretty much which is another reason why I had no faith in it. You think the government is going to willfully just let you take the power away from them? Nope.

 

[jameslee32]

Released from Kraken!

Crypto exchange Kraken cuts 1,100 jobs

Crypto exchange Kraken today announced it’s letting go of 1,100 staffers. The announcement came from a company blog post and follows similar news from DoorDash that it was also cutting staff. News that Kraken is cutting staff — and therefore costs — is not a surprise, given a generally gloomy...

techcrunch.com

 

[hmt5000]

Ole Sam might walk. He was getting some msm protection from the big boys the last couple of days. Wild that the media isn't just foaming at the mouth to get this guy.

 

[WayneDougan]

Ole Sam might walk. He was getting some msm protection from the big boys the last couple of days. Wild that the media isn't just foaming at the mouth to get this guy.

Gee whiz, I wonder why.

 

[jameslee32]

FTX's Sam Bankman-Fried arrested in Bahamas on criminal charges, prosecutor says

 

[jameslee32]

Carnival barker: Get your NFT's here! Get your NFT's here! Get them now before they're all gone!! Pay with crypto or credit card.

 

[jameslee32]

 

[jameslee32]

 

[jameslee32]

FTX's Sam Bankman-Fried Borrowed From Alameda to Buy Robinhood Shares

Alameda took out a loan pledging those same shares as collateral.

www.coindesk.com

 

[jameslee32]

Bahamas Seized $3.5 Billion FTX Assets on Custody Concerns

Bahamian authorities took control of $3.5 billion worth of digital assets at FTX Digital Markets shortly after it filed for Chapter 11 bankruptcy protection based on information provided by founder Sam Bankman-Fried, according to a statement on Dec. 29.

www.bloomberg.com

 

[jameslee32]

As the Euro laughs hysterically.

 

[jameslee32]

 

[jameslee32]

Gemini and Genesis Sued by SEC Over Crypto ‘Earn’ Program

US regulators sued crypto brokerages Genesis Global Capital and Gemini Trust Co. for breaking securities rules.

www.bloomberg.com

 

[jameslee32]

Crypto hacks stole record $3.8 billion in 2022, led by North Korea groups - report

Last year was the worst on record for cryptocurrency heists, with hackers stealing as much as $3.8 billion, led by attackers linked to North Korea who netted more than ever before, a U.S.-based blockchain analytics firm said in a report on Wednesday.

www.reuters.com

 

[jameslee32]

Today. Also heard some chatter that the uber rich are propping up BTC to keep it above $20k and the chart looks rather flat for the past month.

Billionaire Florida GOP megadonor, enemy of AMC/GME investors (apes) and once called crypto "a jihadist call that we don’t believe in the dollar”, takes a huge stake in a crypto firm.

Ken Griffin's Citadel Securities Discloses 5.5% Stake in Crypto Bank Silvergate

Citadel's move is based on its market making positions, rather than a directional call on the stock, according to a source familiar.

www.coindesk.com

 

[AustinTXCat]

I realize Charlie Munger is an old-school legend, but WOW. Just wow.

Charlie Munger: 'I'm not proud of my country' for allowing 'crypto sh-t'

Legendary investor Charlie Munger pulls no punches when it comes to his anti-cryptocurrency views.

finance.yahoo.com

 

[jameslee32]

 

[DreadLox]

A limited utility currency, designed to hide assets, whose every exchange demands a substantial expenditure of energy.

What’s not to like!

And celebrities endorse it!!!

 

[jameslee32]

Silvergate stock crashes after company delays annual report, reveals new losses

Troubled lender Silvergate disclosed further losses on Wednesday and delayed the filing of its annual report as the fallout from its entanglement with the crypto industry continues.

finance.yahoo.com

 

[jameslee32]

Stablecoin Issuer Tether Used Bank Accounts Opened With Falsified Documents in Past: WSJ

Tether, the company behind the world's largest stablecoin, accessed bank accounts by way of falsified documents and intermediaries, a new report says.

www.coindesk.com

 

[VaxxedObamaCat]

Well, Twitter has a lot of the crypto group doing a victory march over this bank collapse. I don't think there's anything that could make me trust crytpo. I like the premise but don't think it's realistic.

 

[jameslee32]

Crypto firm Circle reveals $3.3 billion exposure to Silicon Valley Bank

Traders have been watching this week for signs of contagion in the financial sector from developments surrounding startup-focused Silicon Valley Bank and Silvergate.

www.cnbc.com

 

[jameslee32]

How much exposure does billionaire Peter Thiel have with these stable coins? When USD Coin is on the brink of collapse one day and just days later becomes solvent, something smells fishy.

Peter Thiel Fund advises companies to exit Silicon Valley Bank

Coatue Management, Union Square Ventures and Founder Collective advised their portfolio companies to pull their money from the bank

www.livemint.com

Major crypto coins stabilise after U.S. intervenes on SVB collapse

Major cryptocurrencies stabilised on Monday after U.S. authorities announced plans to limit the fallout from the collapse of Silicon Valley Bank (SVB) and the issuer of the USD Coin stablecoin said it remained redeemable with the dollar.

www.reuters.com

 

[chroix]

I snagged a little expecting it to go up with the news about the banks. Up 12% in 24 hours. Probably pull most of it out before the end of the week.

 

[jameslee32]

 

[jameslee32]

 

[jameslee32]

🤣

 

[jameslee32]

SBF paid $40M bribe to unfreeze crypto trading accounts in China, US charges

SBF bribe violated US Foreign Corrupt Practices Act, updated indictment says.

arstechnica.com

CZ’s Response to the CFTC Complaint | Binance Blog

Binance's CEO responds to the complaint filed by the CFTC

www.binance.com

 

[jameslee32]

SEC charges Binance and founder CZ with mishandling customer funds, illegally serving U.S. investors

The Securities and Exchange Commission charged Binance Holdings Inc. and its founder Changpeng Zhao with securities law violations Monday.

www.marketwatch.com

 

[jameslee32]

US SEC sues crypto exchange Coinbase, one day after suing Binance

The U.S. Securities and Exchange Commission on Tuesday sued Coinbase , accusing the largest U.S. cryptocurrency platform of operating illegally because it failed to register as an exchange, in another blow to the crypto industry.

www.reuters.com

 

[jameslee32]

Yikes!

Celsius Network founder arrested, charged with fraud, US prosecutor says

Alex Mashinsky, the founder and former CEO of bankrupt cryptocurrency lender Celsius Network, was arrested and charged with fraud, the U.S. attorney in Manhattan said Thursday morning.

www.reuters.com

 

[jameslee32]

🤣 🐊

'Crocodile of Wall Street' and her husband reach plea deal

Heather Morgan and her husband Ilya Lichtenstein were charged in 2022 with siphoning funds worth $71million during the 2016 hack.

www.dailymail.co.uk

 

[Get Bucket$]

Sweet bots talking to bots.

 

[UKnCincy]

Sweet bots talking to bots.

I wonder what would happen if you had ChatGPT running on two different systems, and then asked them to debate each other.