News: FCA versus UK crypto, Infura sanctions on Ethereum, BitMEX Reed headed for trial, India
This is the cyberpunk future we deserved — the first NFT rugpull by a nation-state.
Author: David Gerard
Foreign Policy: Cryptocurrency Is No Fix for Russia’s Sanctions Woes
The reason is simple and obvious: the actual dollars don’t exist in the crypto trading system.
El Salvador Bitcoin: No naked day-trading; Chivo Pets; AstroCasino
“Oh! Sweet mother of baby Jesus!” — a quote from one Salvadoran on seeing that Twitter video of the NFT casino.
El Salvador Bitcoin: Tether buys itself a country; and why Chivo sucks
El Salvador adopting Bitcoin wasn’t the particular Tether scam I originally thought — but it’s turning out to be a different, and bigger, one.
News: OpenSea phishing attack, BitMEX execs plead guilty, 2016 DAO hacker maybe found, Cryptsy indictment
“Please, God, I don’t ask for much from You. But give me this. A video of a sad cryptobro, trying to get a beat cop to make a police report about his stolen ape jpeg.”
Cryptocurrency, blockchains and markets — Queen’s University Belfast, Tuesday 22 February 2022
I did a talk for William Quinn’s final year fintech class at Queen’s University Belfast. 1 hour talk, 1 hour questions.
News: BBC pulls crypto documentary, sports NFT failures, mining in Siberia
“Does Anyone else working in a crypto company feel this is all a scam?”
Could Morgan and Lichtenstein have done the 2016 Bitfinex hack? I’m not ruling it out
The hack reeks of social engineering for insider information, not sophisticated computer science brilliance.
CityCoins — free magical money for your city! Maybe
Affinity fraud is where you pitch to a defined group, saying “I’m one of you. Would I scam you?”
News: World Wildlife NFT, Diem sale details, ECCB DCash offline
Admittedly, NFTs are not as bad as that time the WWF ended up funding mercenaries to rape, torture and kill suspected poachers. Whoops!