Cryptocurrency as the next significant stage for computing technology, not just an investment

  On 1/7/2023 at 11:31 PM, dcom said:

Bad news for thousands of crypto investors: They don’t own their accounts (MSN)

I wonder if an appeal would be upheld due to the fraudulent claims made by the company. (Crypto is still a scam)

not your keys not your crypto

https://www.cnbc.com/2023/01/13/house-republicans-move-to-regulate-crypto-with-new-subcommittee.html

lol @ this. crypto was supposed to exist with no .gov regulation. guess that won't be happening anymore

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  On 1/16/2023 at 3:47 AM, Nebraska said:

https://www.cnbc.com/2023/01/13/house-republicans-move-to-regulate-crypto-with-new-subcommittee.html

lol @ this. crypto was supposed to exist with no .gov regulation. guess that won't be happening anymore

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it does, hows the government gona regulate a text message btc transaction?

oh yeah, through physical violence.  since thats all they can do. thus the state under capitalism must be abolished, transcended, and replaced with a dictatorship of the proletariat aiming to make money unnecessary for life and achieve communism

also the "crypto industry" is often confused with crypto itself despite having nothing to do with it

  On 1/16/2023 at 4:56 AM, ilqx hermolia xpli said:

it does, hows the government gona regulate a text message btc transaction?

oh yeah, through physical violence.  since thats all they can do. thus the state under capitalism must be abolished, transcended, and replaced with a dictatorship of the proletariat aiming to make money unnecessary for life and achieve communism

because communist countries never resorted to physical violence...

  On 1/16/2023 at 4:56 AM, ilqx hermolia xpli said:

proletariat

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WASHINGTON, Jan 18 (Reuters) - The U.S. Justice Department will "announce a major, international cryptocurrency enforcement action" on Wednesday, it said in a statement, adding the U.S. Treasury Department will also make an announcement.

https://www.reuters.com/world/us/us-announce-international-cryptocurrency-action-statement-2023-01-18/

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Authorities say OneCoin was a pyramid scheme that defrauded people out of more than $4 billion as Ignatova convinced investors in the US and around the globe to throw fistfuls of cash at her company. Federal prosecutors describe OneCoin as one of the largest international fraud schemes ever perpetrated.

This ‘Cryptoqueen’ scammed investors out of $4 billion, the FBI says. Then she boarded a plane and disappeared (CNN)

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Forecasting speculative markets is always fraught, to say nothing of those so poorly regulated and highly manipulated as cryptocurrency markets. Those calling the end of Bitcoin or crypto have so far been proven wrong or—more likely—simply premature, so pardon me for hedging my bets, but I won’t go that far. Fraud, like life, finds a way. But if the price manipulation driving recent crypto bubbles is no longer financially viable or politically tenable, then crypto may well have entered a new era of diminished future prospects.

The Crypto Token Economy Is Second-Order Fraud (Sohale Andrus Mortazavi/Quillette)

a bit last-year-ish, but interesting nevertheless.

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On March 20, 2022, the New York Times published a 14,000-word puff piece on cryptocurrencies, both online and as an entire section of the Sunday print edition. Though its author, Kevin Roose, wrote that it aimed to be a "sober, dispassionate explanation of what crypto actually is", it was a thinly-veiled advertisement for cryptocurrency that appeared to have received little in the way of fact-checking or critical editorial scrutiny. It uncritically repeated many questionable or entirely fallacious arguments from cryptocurrency advocates, and it appears that no experts on the topic were consulted, or even anyone with a less-than-rosy view on crypto. This is grossly irresponsible.

Here, a group of around fifteen cryptocurrency researchers and critics have done what the New York Times apparently won't.

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https://www.mollywhite.net/annotations/latecomers-guide-to-crypto

i'm curious if anyone plays (played) this game. 

"sometimes i call it crypto crapo or, well, crypto shit" charlie munger

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Signature, one of the main banks to the cryptocurrency industry, was last down by 24%.

The initial move followed a big day for its crypto banking peer Silvergate Capital , which announced earlier this week that it would liquidate its bank. Its losses deepened Thursday after shares of SVB Financial , whose Silicon Valley Bank lends to tech startups, announced a plan to raise more than $2 billion in capital to help offset losses on bond sales.

By late Friday morning, the Federal Deposit Insurance Corp had closed Silicon Valley Bank and taken control of its deposits, making it the largest U.S. bank failure since the global financial crisis.

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https://www.cnbc.com/2023/03/10/crypto-bank-signature-slides-on-friday-amid-troubles-at-silicon-valley-bank-silvergate.html

^^^

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This is all from the second interim report of John J. Ray III, the CEO appointed to oversee the FTX bankruptcy.

https://www.courtlistener.com/docket/65748821/1704/1/ftx-trading-ltd/

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Alex Mashinsky (founder of celsius network) was arrested on Thursday morning. He and his former firm also face lawsuits from the Securities and Exchange Commission and other regulators.

https://www.nytimes.com/2023/07/13/business/celsius-cryptocurrency-founder-arrested.html

also:

^ it's like the trifecta of dumpster fire right there

1. crypto

2. twitter

3. bank of America - Bank of America to pay $250 million for illegal fees, fake accounts

some weird ass shite

https://www.forbes.com/advisor/investing/cryptocurrency/why-is-crypto-down-today/

behind the bastards did an update on sam friend ftx dude. it's good fun. 

  Quote

“The vast majority of NFTs are worthless,” writes dappGambl. Based on its research, 95% of people holding NFT collections own an asset with no real value. DappGambl believes that this means that more than 23 million people’s investments “are now worthless.”

95% of NFTs are Worthless: Report (PetaPixel)

all my apes gone