I’m currently 5000 words into a 1500-word article on Tether. There’s also 1000 words of a 300-word introduction to IOTA, and I haven’t even got to the hard part, dissecting IOTA’s Time Cube-in-LATEX white paper. Meanwhile …
- Friedman LLP appear no longer to be auditing Bitfinex/Tether. Their “Digital Currency Services” page, 7 December: “We audit leaders in the digital currency industry, including the Bitcoin Investment Trust and Bitfinex.” 24 January: “We audit leaders in the digital currency industry, including the Bitcoin Investment Trust.” Their 8 May 2017 announcement of being engaged by Bitfinex is now a 404 Not Found.
I’ve come up with a compromise to prevent a government shutdown. We can make up the shortfall in the spending bill by printing Tether
— Trumpchain (@trumpchain) January 20, 2018
- The words “Fast” and “Low processing fees” have been removed from the bitcoin.org website. Apparently Bitcoin now offers “fraud protection” — perhaps they mean protection for those running frauds. No chargebacks!
- Minor ratings agency Weiss Ratings frequently release ratings of banks, credit unions, mutual funds and so forth. They thought it’d be interesting and topical to start rating cryptocurrencies. Bitcoiners were looking forward to being taken seriously at last! The ratings just came out, and … nothing got an A. The only Bs were for Cardano, EOS (what on earth), Ethereum, NEO and Steem. Even Bitcoin only got a C+. Crypto advocates took this in stride … of course they didn’t, they DDOSed the site. I have what claims to be a copy of today’s ratings (630kB PDF), for historical interest; you can subscribe to Weiss for updates.
- The Autoriteit Financiële Markten, the financial regulator in the Netherlands, is banning various extremely risky financial products, including crypto-related ones.
- SEC Commissioner Jay Clayton spoke at the Securities Regulation Institute on Monday 22 January, about ICOs and securities lawyers’ responsibilities when engaged by an ICO. To the lay reader, his speech looks slightly pointed; to lawyers, it was savage. Alexandra Scaggs at FT Alphaville supplies an anger translation.
Yes, seriously, you can get served with a lawsuit via twitter. In Switzerland. Via DM. pic.twitter.com/PEvBspRNWC
— Palley (@stephendpalley) January 19, 2018
- Venezuela releases the white paper for its proposed cryptocurrency, the Petro! It’s an aspirational manifesto with less substance than a bad ICO white paper. The real pitch is “we’re a sovereign country, this is us issuing bonds,” without the constraints from being in the EU that Estonia’s similar idea suffers — unlike Estonia, however, they’re subject to US sanctions, and the US has warned that anyone buying these things could be sanctioned in turn.
- Arsenal Football Club releases … Arsecoin! No, it’s actually a gambling company, CashBet, who have started an ICO, CashBetCoin. They bought some advertising from Arsenal and are touting it as a partnership, as you apparently do. The pitch is to offer tokens to gamblers who can’t send money from their bank account to bookmakers. They’ll sell you the tokens, but they’ll never cash them in for you — you’ll need to go to a third-party exchange to do that. Of course they don’t have exchange partners as yet. The BBC kindly asked me for comment — “Crypto-currencies are less regulated than regular betting shops and it’s a lot harder to get actual pounds back out again.” The official word is that punters will “eventually be able to convert their winnings into cash on third party exchanges.” Can’t wait to hear the delight of average Arsenal fans who bet ten quid on something and discover it’s nearly impossible to collect on their win. My name was wrong for about thirty minutes:
— Alex Sherwood 📈 (@_AlexSherwood) January 24, 2018
I exchanged all my fiat money for Credits and bought narcotics on the Coriolis station dark markets, but then the police blew my spaceship up. STATIST COERCION.
— Z80 Inside (@raynerlucas) January 24, 2018
- Gareth Costa at The West Australian is … not a fan of Bitcoin. Nice to see tabloids calling BS on this trash.
— Bloomberg (@business) January 23, 2018
- Plymouth Herald: I bought £3,000 of Bitcoin gear on Amazon and they sent me a children’s DVD. Ichim Bogdan Cezar bought an AntMiner S9 off Amazon and they sent him a DVD of Boss Baby. Local papers for the win!
- And local radio. Guy Shone from Explain The Market was on Anna King’s BBC Gloucestershire show this morning (24 January) talking about Bitcoin, from about 1h17m on. A pretty good intro for the average listener (some of whom call in for clarification), the stuff a normal person with a high opinion of their own financial brilliance needs to hear, and includes a plug for the book at 1:47:30ish!
I go to some burger shop and see they accept Bitcoin.
Neat, I think, knowing the transfer fees would probably be, like, $20.
So I ask the cashier how I would pay in Bitcoin.
“Oh, I don’t know,” he says. “They never taught us. No one’s ever asked.” pic.twitter.com/ovqUaatox6
— Matt Fuller (@MEPFuller) January 21, 2018
┓┏┓┏┓┃ / CRYPTO
┃┃┃┃┃┃ a p h y y y
— sarah jeong (@sarahjeong) January 23, 2018
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