Eggplant.place

138d

Newsletter: A major crypto scandal tarnishes the reputation of Solana bigwigs, crypto influencers, and Argentine President Javier Milei.

“This is FTX type of shit,” said a crypto founder confronting Meteora’s Ben Chow over alleged insider trading.

https://www.citationneeded.news/issue-77/

#crypto #cryptocurrency #Argentina

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192d

Watching a football match there was marketing from Kraken to invest in Bitcoin. They compared Bitcoin to gold...

A lot of sport clubs are now sponsored by Crypto companies. At times players are in Crypto ads.

It is important that we speak up about the danger of Crypto. At Vivaldi we have.

Although it is possible to make gains from "investing" in Crypto, there is no inherent value. There is just a scam. The "value" can disappear any day.

#Crypto #Scam #Computer #Vivaldi

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168d

I’m not sure people quite grasp how much of the crypto world is reacting to the Trump memecoin launches.

#crypto #cryptocurrency #USpolitics #USpol #DonaldTrump

wassielawyer （哇西律师）
@wassielawyer
Trump dropping his own memecoin means he has the wrong people in his ear re crypto policy.

I’m now getting very concerned about the Trump presidency.

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162d

What could contribute more to government efficiency than securing lucrative contracts for your crypto donors to implement inefficient technology that is uniquely suited to solving problems you don’t have?

https://www.bloomberg.com/news/articles/2025-01-25/musk-exploring-blockchain-use-in-us-government-efficiency-effort

#crypto #cryptocurrency #USpolitics #USpol

Edited 162d ago

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141d

UPDATE!

Shit happens.🙃

We have rescheduled #CryproBarons on the #DCG201 LIVE Stream for Sunday, February 16th at 3pm EST!

We'll be #hacking the #Soneium #blockchain and #web3 ecosystem!

@defcon #fediverse #mastodon #crypto #playstation #stateofplay

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157d

After years of the crypto industry claiming to fight for liberty, privacy, and free and open information and tech, I'm very excited for our new "pro-crypto Congress" to get to work protecting access to medical care (including reproductive and gender-affirming care), data privacy, press freedom, freedom of expression, net neutrality, and the right to private and secure communications.

#USpolitics #USpol #crypto

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136d

Coinbase says that the SEC has agreed to drop the enforcement case against the company. It only cost them $75 million in political contributions.

#crypto #cryptocurrency #Coinbase #USpolitics #USpol

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155d

This is why #Mastodon is so important:

"#NTSB forces reporters to get #planecrash updates on #X"

https://thedesk.net/2025/02/ntsb-moves-plane-crash-press-updates-x-twitter/

#Bluesky is owned by #crypto bros, it's not going to save you. The #plutocracy will call in their favors at the opportune time, and it's going to fall the same as #Twitter did. The manipulation you can't see is probably already underway

The #plutocrat strangulation of all #media is upon us

The #Fediverse is our #refuge, #sanctuary, and, grimly, perhaps our last hold out

Edited 155d ago

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37d

#SEC Drops #Binance Lawsuit Days After #Crypto Exchange Lists #Trump’s #Stablecoin

The Securities & Exchange Commission dropped a lawsuit against Binance on Thursday, days after the crypto exchange began listing a stablecoin created by #WorldLibertyFinancial, one of Trump’s #blockchain ventures.

#law #corruption #billionaires #Broligarchy #plutocracy #kleptocracy #fraud #crime #felon47
https://www.forbes.com/sites/zacheverson/2025/05/29/sec-drops-binance-lawsuit-trump-stablecoin-listed/

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75d

The House Financial Services Republicans and the White House (now deleted) tagged either a hacked or fake account in their announcements that Paul Atkins was sworn in as SEC Chair. The "Atkins" account immediately started asking for crypto.

#crypto #cryptocurrency #USpolitics #USpol

Tweet by an account named Paul S Atkins, with a blue check and a parody label. "Hi crypto believers! I'm all in on this revolution 🚀 Let's keep the dream alive-send some love my way:" (followed by several blurred wallet addresses, and an AI image of a bull exploding from some bitcoins)
Tweet by an account named Paul S Atkins, with a blue check and a parody label. "Hi crypto believers! I'm all in on this revolution 🚀 Let's keep the dream alive-send some love my way:" (followed by several blurred wallet addresses, and an AI image of a bull exploding from some bitcoins)

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Tweet by The White House
@WhiteHouse

🇺🇸 @PaulSAtkins has officially been sworn in as the Chair of the U.S. Securities and Exchange Commission, @SECGov, by @SecScottBessent in the Oval Office!

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Tweet by Financial Services GOP

@FinancialCmte

NEW: The Committee congratulates @PaulSAtkins as he was sworn in as the next Chair of @SECGov. He will bring a common-sense approach to regulation and usher in an era of prosperity and innovation to make U.S. capital markets the envy of the world.

sec.gov/newsroom/press...

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124d

Eric Trump plainly admits that his father’s Sunday social media post about the “crypto strategic reserve” was intended to manipulate the crypto markets

#crypto #cryptocurrency #USpol #USpolitics

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123d

Coinbase Chief Legal Officer: the critics who think we’ve bought out the government are refusing to engage with the nuanced and complicated fact that Trump used to be anti-crypto before we started spending hundreds of millions of dollars on politics

#Coinbase #crypto #cryptocurrency

“I find those comments misinformed at best, if I’m being generous, and defamatory at worst,” Paul Grewal, chief legal officer at Coinbase, told The Hill of the backlash.

Some criticism, Grewal argued, fails to consider Trump was once a critic of crypto and at one point called it a “scam.”

Grewal pointed out how Congress moved major legislation in 2023 on market structure, an issue that was met with bipartisan support. The Financial Innovation and Technology for the 21st Century Act in 2023 received support from 71 Democrats in the House.

“The fact of the matter is that President Trump did evolve and transform in his view on crypto, really starting in December 2023,” Grewal said. “In January 2024, we first started to engage with him and his team, but it was against a much more nuanced, complicated and complete history that I think a lot of the critics just don’t want to engage in.”

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115d

@mike's terrific fireside chat with @molly0xfff on digital sovereignty, aka technological self-determination (taking control of your digital life and data), is up on the SXSW site. Don’t sleep on this talk, especially if you’re a writer or other kind of creator. With plenty of high-quality Q&A too, one person in the audience said it was “worth the badge.”
https://schedule.sxsw.com/2025/events/PP147154

(We’re working on getting all the panels and talks from the #FediverseHouse edited and posted. We’ll be back when they’re up.)

#sxsw #sxsw2025 #creator #creators #creatoreconomy #writers #crypto

Edited 115d ago

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117d

Newsletter: Crypto reserves: no public good, no principles

The formerly anti-government bitcoin movement abandons its principles in favor of number-go-up, applauds federal plan to stockpile seized crypto with no clear benefit to national interest

https://www.citationneeded.news/crypto-reserves-no-public-good-no-principles/

#bitcoin #crypto #cryptocurrency #USpolitics #USpol

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19d

just checking in on the financial revolution that was meant to sidestep banks, tech giants, and the state

#crypto #cryptocurrency

Headline: Walmart, Amazon Mull Dollar-Pegged Stablecoins in the US: WSJ

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110d

Frankly I think the majority of the crypto backlash to the anti-trans Solana ad was because they made it too obvious that they've realized anti-woke MAGA reactionaries are the latest marks

#crypto #cryptocurrency #Solana

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143d

Newsletter: Dubbing it “Operation Choke Point 2.0”, cryptocurrency companies have co-opted legitimate concerns about banking discrimination to fight regulation — and Congress is buying it.

https://www.citationneeded.news/crypto-industrys-debanking-smokescreen/

#crypto #cryptocurrency #USpolitics #USpol

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74d

FBI: Americans aged 60 and older reported losing almost $3 billion to crypto fraud last year. In total, Americans reported being scammed out of around $9.3 billion via crypto, out of a total $16.6 billion in total reported Internet crime losses that year.

https://www.ic3.gov/AnnualReport/Reports/2024_IC3Report.pdf

#crypto #cryptocurrency

2024 IC3 CRYPTOCURRENCY FRAUD
COMPLAINTS REFERENCING CRYPTOCURRENCY
AGE RANGE21 COUNT LOSS
Under 20 1,819 $7,778,157
20 - 29 13,591 $370,443,345
30 - 39 22,218 $1,006,382,458
40 - 49 22,555 $1,462,040,974
50 - 59 19,317 $1,184,912,854
Over 60 33,369 $2,839,333,197
Chart outlines cryptocurrency complaints in 2024: 149,686 complaints; $9.3 billion in losses; 66% increase in loss; largest age group to report is 60+.

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Edited 74d ago

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73d

Someone just spent $8 million on $TRUMP memecoins after the president announced that the top holders would be invited to join him at a private dinner at his DC golf club.

The purchases were funded by a Binance account, suggesting the wallet owner is not based in the US.

#crypto #cryptocurrency #USpolitics #USpol

Solscan screenshot showing four purchases of a total of 655K TRUMP tokens for approximately $8 million

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37d

Representative Raskin cited my analysis in his letter investigating Trump’s memecoin dinner

https://democrats-judiciary.house.gov/uploadedfiles/2025-05-28_raskin_to_trump_wh_re_crypto_dinner.pdf

https://www.citationneeded.news/trump-memecoin-dinner-guests/

#crypto #cryptocurrency #USpol #USpolitics

A close analysis of the top buyers on the “leaderboard” on the website of $TRUMP shows that a majority of the attendees appear to be foreign nationals who purchased the token through offshore cryptocurrency exchanges that prohibit U.S. customers from participating. 15 Analysis reveals that 161 of the 220 top buyers, or 73% of the invitees, are likely foreign nationals. Among the top 25 “VIP” guests who were offered additional private access to you, including a “VIP White House tour” 16—and who each spent between $1.25 million and $16 million on $TRUMP tokens—23 out of 25 are likely foreign individuals or entities.17 A majority of those on the guest list had never purchased a $TRUMP token prior to the announcement of the dinner, suggesting that the buyers were primarily drawn by the promise of direct access to you rather than intrinsic interest in the memecoin itself.18

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90d

Trump has directed the Department of Justice to stop pursuing crypto fraud, dismantling the National Cryptocurrency Enforcement Team and ordering the Market Integrity and Major Frauds Unit to cease cryptocurrency enforcement.

#crypto #cryptocurrency #USpolitics #USpol

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89d

Newsletter: Trump continues to dismantle crypto enforcement while expanding his personal crypto empire.

Most recently, Trump has called the DOJ off cryptocurrency enforcement and dismantled the agency's crypto enforcement team.

https://www.citationneeded.news/issue-81/

#crypto #cryptocurrency #USpol #USpolitics

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69d

It still seems hard to believe, but in the last #Congress, the #House #Republican majority formally launched an #impeachment inquiry against Joe #Biden. The endeavor never made any sense, but the underlying allegation was that the Democratic president was somehow the beneficiary of a weird #bribery scheme.

#law #Constitution #EmolumentsClause #ForeignAsset #Compromised #NationalSecurity #InfoSec #Trump #crypto #grift
https://www.msnbc.com/rachel-maddow-show/maddowblog/trumps-controversial-meme-coin-contest-proves-predictably-profitable-p-rcna203293

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91d

why using nothing but our oceans, is better than using fossil fuels.

https://medium.com/@acefujiwara/776b7da82b44

#crypto #bitcoin #blockchain #finance #money #energy #hydrogen #gas #technology #innovation

why using nothing but our oceans, is better than using fossil fuels.

illustration shows a Thessalonica Hydroship Gas Production Area using oceanic power to convert seawater dissolved carbon into non-fossil natural gas which is 100% plug and play with refineries all around the world today.

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69d

Prosecutors have requested Alex Mashinsky, CEO of the collapsed Celsius cryptocurrency company, be sentenced to at least twenty years in prison for his "sustained, calculated campaign of deceit carried out over years, targeting ordinary people."

https://www.courtlistener.com/docket/67604619/144/united-states-v-mashinsky/

#Celsius #crypto #cryptocurrency

$respect for the law, and the need to avoid unwarranted sentencing disparities, the Court should impose a term of imprisonment of no less than 20 years. I. The Nature, Circumstances, and Seriousness of the Offense Warrant a Significant Sentence The nature and circumstances of the defendant’s crimes are extraordinarily serious. First, the scope of Mashinsky’s fraud is staggering. Tens of thousands of customers deposited billions of dollars based on false assurances of safety and soundness. When Celsius inevitably collapsed, Celsius’s customers lost access to more than $5 billion dollars of their crypto, devastating the financial lives of countless victims. Even after the bankruptcy process, investors are short over $1 billion under even the most conservative calculation. Mashinsky’s criminal conduct was aimed at and harmed retail investors at an unimaginable scale. Mashinsky’s scheme focused on soliciting crypto from what he describes as “everyday people.” Def. Mem. at 14. As a result, almost all the victims of his crime were retail crypto investors whose losses constituted a significant portion of their savings and had devastating consequences on their lives. This was not a financial crime in which a few well-heeled hedge funds and sophisticated institutional investors lost a small fraction of their assets. It was a crime in which Mashinsky deliberately targeted real, “everyday”$

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The more than 200 victim letters submitted in connection with sentencing are heartbreaking. They reflect the devastating real-world impact that the defendant’s fraud had on working people who trusted him to keep their savings safe. For example: • He used my bitcoin to inflate the price of his printed CEL token and whilst insiders ran for the exits when the smoke alarm rang I stood firm inside believing the loans were secure when in reality Celsius operated as a hedge fund and crypto speculator . . . I was emotionally devasted into darkness followed by the shame of confronting all those I had convinced to invest in Celsius . . . My will to live remained only because I was a father to triplets and was responsible for their well-being.16 • I’m now 59 and lost my entire life savings (nearly 9 Bitcoin) in the Celsius bk case. Needless to say, at my age, it was absolutely devastating . . . I lost my apartment, I could no longer help my very sick mother, I had to liquidate everything else I owned just to scrape by. I literally had to ‘camp’ out of my vehicle for nearly a year until I could begin to get back on my feet. The suffering, depression, humiliation & despair was far beyond any jail term. I implore the Court to impose the absolute maximum sentence permissible when sentencing Alex. He still has no shame, no remorse nor any regret for robbing hundreds of thousands of victims

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$• Due to Alex’s misrepresentation & blatant lies of how celsius was rehypothecating creditor's bitcoin, I lost my entire retirement savings, home, and am struggling to pay medical expenses.21 • Alex Mashinsky preyed upon the lowest hanging fruit—yearning people in need of financial success—which is why so many people were hurt by his actions. Myself included. . . Thousands of us are left scrounging and praying that we can get a tiny fraction of our previous claim returned.22 • I had placed all my cryptocurrency on Celsius Network because of statements made weekly by Mr. Mashinsky on his AMAs. I relied on what he said and he intentionally deceived me and misrepresented the facts. . . . I am a retired school teacher and I was counting on my cryptocurrency holdings to fund my retirement and to pass on to future generations. Mr. Mashinsky has changed my financial trajectory and that of my family. He will never understand the damage he has done to me and other victims.23 This is only a small sampling of the victim statements discussing the harm suffered by those who trusted Mashinsky. Contrary to Mashinsky’s claims, Mashinsky’s victims were not made whole by the bankruptcy process. On its effective date, the restructuring plan in the bankruptcy showed that the total estimate for allowed claims, which entirely or almost entirely includes customer claims, was over $5 billion—meani$

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