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When will folk learn, these are all Pyramid/Ponzi schemes.
Bitcoin and cryptocurrency
- Thread starter edwest4
- Start date
Massachusetts man charged after hiding cryptocurrency mining rig in school crawl space
A small Massachusetts town enlisted the help of the Department of Homeland Security to track down the person who illegally installed a cryptocurrency mining operation.
Sam Bankman-Fried Cosplayed as a Genius. The Facts Reveal His Incredible Stupidity
New criminal charges against the FTX brain genius show a man who was thinking zero steps ahead.
Former FTX Engineering Director Nishad Singh Pleads Guilty to Criminal Charges: Reuters
Singh joins fellow ex-FTX executives Caroline Ellison and Gary Wang in pleading guilty to charges. Founder Sam Bankman-Fried has pleaded not guilty to fraud and other charges and will face trial this fall.
Silvergate Stock Drops Over 50% as Crypto Clients Flee Beleaguered Bank
Silvergate's clients Coinbase, Circle, Paxos, Crypto.com, Bitstamp, Cboe Digital Markets, Galaxy and Gemini said they will suspend business with the bank.
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martinbayer
ACCESS: Top Secret
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When the fat bold title says it all.
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Bitcoin, Ether Drop Over 5% in Massive Sell-Off as Market Continues to Digest Silvergate
Bitcoin plunged to $22,277 and ether hit $1,563 as crypto tumbled during the opening hours of East Asia's trading day.
USDC Stablecoin Depegs, Crypto Market Goes Haywire After Silicon Valley Bank Collapses
USDC's normally stable price sank to $0.869 from $1 while Ethereum gas fees soared hours after the crypto-tied bank failed.
Banking Crisis in U.S. Likely to Push Crypto Firms Offshore
Switzerland, Lichtenstein and island jurisdictions are among the potential benefactors of the trend.
German investigators take down crypto money laundering site
German investigators say they have taken down a major online money laundering operation, seizing the Germany-based server infrastructure of a platform that dealt in ill-gotten cryptocurrency
Cryptocurrency scams are becoming increasingly sophisticated, and it can be difficult to distinguish between legitimate opportunities and fraudulent schemes. I believe it's essential to do thorough research and seek advice from trusted sources before investing in any cryptocurrency https://www.technotification.com/2023/03/cryptocurrency-scams-how-to-avoid-them.html . One of the most effective ways to avoid cryptocurrency scams is to be aware of the warning signs. For example, if an investment opportunity promises high returns with little risk, that's red flag. It's important to stay vigilant and skeptical when it comes to investing in cryptocurrencies.
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FTX influencers face $1 Billion class-action lawsuit over alleged crypto fraud promotion
The suit was filed on March 15 in the Southern District of Florida Miami Division.
cointelegraph.com
Coinbase Is Weighing Setting Up Non-U.S. Trading Platform: Bloomberg
The search comes as the U.S. accelerates actions against the crypto sector in the wake of FTX’s collapse and the shutdown of three crypto-friendly banks.
Never do business with someone who looks like Seth RoganSam Bankman-Fried Cosplayed as a Genius. The Facts Reveal His Incredible Stupidity
New criminal charges against the FTX brain genius show a man who was thinking zero steps ahead.www.coindesk.com
No Crypto Banking Port Has Really Opened Up in This U.S. Storm
As Silvergate, Signature and Silicon Valley banks imploded, crypto customers grabbed assets and ran, but those hoping to land at major U.S. banks have been mostly disappointed.
Police: Crypto firm founder Do Kwon arrested in Montenegro
Police in Montenegro say they have arrested Terraform Labs founder Do Kwon, who is wanted in South Korea in connection with a $40 billion crash of the firm’s cryptocurrency
Coinbase Shares Tumble After SEC Threatens Lawsuit
Coinbase shares fell almost 20% Thursday morning after the company revealed it had received a Wells notice from the Securities and Exchange Commission, a sign of future legal action.
Crypto Exchange Binance and CEO Changpeng Zhao Sued by CFTC Over Regulatory Violations
The lawsuit was filed Monday morning in federal court in Chicago.
Disgraced crypto exec Sam Bankman-Fried faces new bribery charge
Embattled crypto executive Sam Bankman-Fried now faces a criminal charge of conspiracy to violate the anti-bribery provisions of the Foreign Corrupt Practices Act.
Canada to Ask Pension Funds to Disclose Crypto Exposure
The government budget for 2023 indicates the OSFI will consult with federally regulated financial institutions on guidelines for publicly disclosing their exposure to crypto-assets.
martinbayer
ACCESS: Top Secret
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And the hits just keep on coming...
And they are ongoing.
Crypto Exchange Beaxy Shut Down After SEC Lawsuit
The Securities and Exchange Commission also accused the exchange's founder of misappropriating customer money.
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Probably never, just how devastating Pyramid schemes can be was shown in Albania in the 1990s...
Nik
ACCESS: Top Secret
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Unfortunately, the new cryptos that offer high returns seem as reliable as those many budget 1 TB flash-drives on eg AliEx...
Question is not 'Will it Fail ?' but 'Count the Ways'...
--
Yes, I was hunting archiving media, 6~~8 TB worth: seeing those 1TB widgets made my nape-hair rise...
Either they're genuine 1 Tb = Terabit, so merely 128 GByte, or they're blatant fakes...
Or, adding insult to injury, fake 128 GB ??
Happens I've a spare 4 TB WD drive, but is SMR, 'shingled', so final third of back-up may take twice as long as initial 2/3...
Question is not 'Will it Fail ?' but 'Count the Ways'...
--
Yes, I was hunting archiving media, 6~~8 TB worth: seeing those 1TB widgets made my nape-hair rise...
Either they're genuine 1 Tb = Terabit, so merely 128 GByte, or they're blatant fakes...
Or, adding insult to injury, fake 128 GB ??
Happens I've a spare 4 TB WD drive, but is SMR, 'shingled', so final third of back-up may take twice as long as initial 2/3...
Ethereum Bot Gets Attacked for $20M as Validator Strikes Back
The incident raises questions about whether validators can be trusted, one former member the Ethereum Foundation said.
Warren Buffett Calls Bitcoin a 'Gambling Token'
Berkshire Hathaway's chairman and CEO said bitcoin "doesn't have any intrinsic value ... but that doesn't stop people from wanting to play the roulette wheel."
Crypto Exchange Bittrex Violated Federal Laws, SEC Charges in Lawsuit
The agency said Bittrex failed to register as an exchange, broker or clearing agency.
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Montenegro court agrees to release founder of cryptocurrency firm Terraform Labs on bail
A court in Montenegro has agreed to release Terraform Labs founder Do Kwon from jail along with another South Korean citizen who is also charged with using forged identification documents in the Balkan country. The Basic Court Podgorica accepted 400,000 euros ( $435,000) in bail for each of the...
apnews.com
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- 16 December 2010
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- 3,436
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SEC sues Binance and CEO Changpeng Zhao for U.S. securities violations
The defendants showed a “blatant disregard” of federal law, the SEC alleged in its complaint.
www.nbcnews.com
Dogecoin Price Prediction as Elon Musk Hit With DOGE Insider Trading Lawsuit - Is He Pumping Meme Coins?
As Dogecoin continues to capture the attention of the cryptocurrency market, a recent development has raised eyebrows...
cryptonews.com
Coinbase targeted by SEC in latest shot at crypto firms for allegedly skirting securities laws
Coinbase has been targeted by U.S. regulators in a new lawsuit that alleges the cryptocurrency platform is operating as an unregistered securities platform and brokerage service
SEC Chair Gensler says crypto frenzy is rife with 'hucksters, fraudsters, scam artists'
The chairman of the U.S. Securities and Exchange Commission said most crypto tokens are securities and are under the purview of the regulatory agency.
Why not 20 times leverage? Or 40?
www.coindesk.com
Japan’s Crypto Exchanges Push for 10 Times Leverage on Margin Trading: Bloomberg
The push for revised margin trading caps aims to attract diverse traders, including institutional investors, while enhancing market liquidity.
From today's New York Times:
"The Super Connector Who Built Sam Bankman-Fried’s Celebrity World
"Michael Kives, a former Hollywood agent, connected FTX’s founder to Katy Perry, Orlando Bloom, Bill Clinton and others. His firm got $700 million in exchange, a lawsuit claims."
Alameda Seeks Return of $700M Paid to ‘Super Networkers’ for Celebrity, Political Access
Sam Bankman-Fried promised billions to Michael Kives and Bryan Baum after being awed by their connections to politicians, billionaires and reality TV stars, court filings say.
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