Crypto Caveat Emptor
Perhaps more than any other part of the tech industry, crypto relies on storytelling. This is because the underlying technology, as it exists today, doesn’t have much to offer the average person in their day-to-day life.
Barbies, Roasts & Bad DD
“Oh no it doesn’t!” The pantomime of childish crypto kiddies continues to argue they ought to be allowed to do what they want and old fuddy stuff like the law and regulation be damned.
Carpet Bombing?
Given the crypto industry continues to spend considerable amounts of money itself seeking to carpet bomb the US regulatory bloc, one might perceive a certain kettle / pot black hypocrisy?
COIN Soars
There is a sense of shock about the CZ sentence after all the talk of at least 18 months from various quarters...
Poetic Justice?
A frequent complaint in Bitcarnage has been the lack of self awareness of those involved in the crypto V1.0 economy.
4 - Month: FUD!
In the end, CZ is a very very lucky man to get away with 4 months incarceration where his former foe SBF has decades in jail ahead of him.
The Mega Spread
There’s lots of talk about how crypto helps create liquidity. Not that this is apparent amongst the legal shenanigans as Do Kwon / Terraform seek to low ball the US Gov fine with probably the most egregiously wide spread we’ve ever seen!
The Big Nyet?
The big Nyet from Moscow may be looming. Russia Prepares For Total Crypto Ban As Geopolitical Tensions Rise (Crypto Briefing) / Russian 'Crypto Ban' Could Come into Force by September (Cryotonews).
Ongoing Distributed Lawfare
The one consistent ‘given’ in the world of crypto appears to be not merely that the lawyers always win but that lawfare is the largest element of crypto discussion much of the time.
Another One Bites The Dust
“Another One Bites the Dust” from the legacy exchange world as a great victory for the crypto kiddies but I fear it underlines the view of ICE’s Chris Edmonds last year...
Sorry About The “4:FUD!”
CZ finds himself writing letters of apology to the court. He could motivate a thousand or more braying donkeys to support his view with a de minimis Twitter cri de coeur of “it’s 4:FUD!
Code Isn’t Law (& Other Crackdowns)
...there’s the death of the code defence which is quite a big deal as “code is law” has been a keen argument of exponents of DeFi and / or smart contracts.
Exchange Invest Weekend 2938: On CEOs & More
CBDC, Shipping, a nonagenarian fashion mogul, CEO issues & vital traits, the $ store backlash & new forms of diamonds…
T+1 is Salame’s D Day
Salame (apparently pronounced “Salem” - make of that what you will) will now have his D-Day with sentencing on the day stock markets move to T+1.
Back in God Mode
Binance had roots in Malta but as we know when regulation had to be complied with, the exchange was long gone.