Crypto collapse latest: the contagion spreads
Weekend at Bernie Madoff’s.
Tag: paolo ardoino
News: UST fallout, Central African Republic fallout, Coinbase Custody not safe in bankruptcy, Catalonia and Russian bitcoins
History always repeats, but only the dumb stuff.
El Salvador: Bukele goes full dictator, Chivo theft, Bitcoin Towers
Bitcoin is not the biggest problem in El Salvador right now — it’s Bukele using the gangs to go as full dictator as he thinks he can get away with.
News: Sanctioned Russians try to dump Bitcoin; no crypto ATMs in the UK; Bored Apes underwear fails; Associated Press NFT plan; football sponsorships; how Facebook’s Diem died
You can’t cash in billions of dollars of bitcoins instantly — but sanctioned Russians are trying.
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: El Salvador volcano bonds to sell for tethers, Bitcoin didn’t cause Kazakhstan riots, lawsuits on the blockchain, MobileCoin live on Signal, Craig Wright sued again
Bitfinex Securities will not charge a fee for this. They’re just being nice, see.
News: El Salvador Colón-Dollar, everybody hates BlockFi, Tether does CNBC
“One of the downsides of being both incompetent, unscrupulous and greedy is that you become very predictable.”
Tether printer go brrrrr — cryptocurrency’s substitute dollar problem
I don’t know precisely what tiger iFinex and Tether are riding, but it clearly has teeth.
News: Twitter on the blockchain, the US coup on the blockchain, Gensler in at the SEC, Ripple ex-CTO loses Bitcoin keys
The price went up in a triangular Fibonacci double-reacharound formation, moderated somewhat by both Makemake and Haumea being in Libra.
New York’s problem with Tether — as set out for the appeal judges
If you were having problems getting your head around this case, this is a good and useful summary. Plus — iFinex’s response!