This Week’s Winners and Losers in Crypto
Big week in crypto! Banks going down causing BTC to go up. Alts (sort of) following suit. But who are the biggest winners and losers for the week? Biggest Winner(s): Arbitrum Airdrop Participants Thursday was a big day for those eligible for the coveted Arbitrum airdrop, but there were bumps along the way. The claim site was down from almost moments when it went live, and was nearly inaccessible for hours. However, after the dust settled, the price hovered above what estimates predicted (>$1)...
Post FTX: Bananas In The Bahamas
FTX’s spectacular implosion sent ripples which was felt by all through the cryptoverse, but has also hit the people of the Bahamas, where FTX was headquartered. According to a report in the WSJ, the island nation initially welcomed FTX with it’s lax and favorable crypto laws and eventually the locals became the supporting cast for FTX employees. Catering, security, transportation, event planning, logistics and many more services were required and the locals began taking up these jobs, creatin...
STOCK Act Gets Busted
Nancy Pelosi might not be too keen on the reformation bubbling up in her backyard. On Thursday, a new framework was released to change the policy known as the STOCK Act, aka "Stop Trading on Congressional Knowledge", which puts the onus on congressional and government leaders to disclose stock and asset purchases, in order keep transparency with the public. Historically, there have been quite a few calls on leaders to stop purchasing stocks because of the potential of insider knowledge on upc...
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This Week’s Winners and Losers in Crypto
Big week in crypto! Banks going down causing BTC to go up. Alts (sort of) following suit. But who are the biggest winners and losers for the week? Biggest Winner(s): Arbitrum Airdrop Participants Thursday was a big day for those eligible for the coveted Arbitrum airdrop, but there were bumps along the way. The claim site was down from almost moments when it went live, and was nearly inaccessible for hours. However, after the dust settled, the price hovered above what estimates predicted (>$1)...
Post FTX: Bananas In The Bahamas
FTX’s spectacular implosion sent ripples which was felt by all through the cryptoverse, but has also hit the people of the Bahamas, where FTX was headquartered. According to a report in the WSJ, the island nation initially welcomed FTX with it’s lax and favorable crypto laws and eventually the locals became the supporting cast for FTX employees. Catering, security, transportation, event planning, logistics and many more services were required and the locals began taking up these jobs, creatin...
STOCK Act Gets Busted
Nancy Pelosi might not be too keen on the reformation bubbling up in her backyard. On Thursday, a new framework was released to change the policy known as the STOCK Act, aka "Stop Trading on Congressional Knowledge", which puts the onus on congressional and government leaders to disclose stock and asset purchases, in order keep transparency with the public. Historically, there have been quite a few calls on leaders to stop purchasing stocks because of the potential of insider knowledge on upc...
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In the wake of popular centralized financial services in crypto falling, such as Celsius and Voyager, Coinbase came on record to state they are far from insolvency. However, market factors did cause some volatile times for the crypto giant, and they went through a round of layoffs about 6 weeks ago. Now, it looks like a big insider trading scheme has caused some of the biggest investors, including Cathie Woods to drop their stock before the SEC investigation causes more bleeding of their stock price.
A former Coinbase Product Manager, along with his brother and a friend, have been arrested and now under investigation on an insider trading scheme, where the PM would inform his brother and friend of pending ICO's (Initial Coin Offering), giving them them chance to purchase as much of the token/coin before Coinbase goes live with the offering. It was a keen eyed Twitter user who eventually saw the pattern, with multiple users replying with more evidence:
We will have to see what happens next, but the SEC has proven that they are jumping on crypto fraud cases quickly, which I hope is a deterrent for the next big schemers thinking they can openly cheat the system!
Written by: nikethereum.eth / Mirror
In the wake of popular centralized financial services in crypto falling, such as Celsius and Voyager, Coinbase came on record to state they are far from insolvency. However, market factors did cause some volatile times for the crypto giant, and they went through a round of layoffs about 6 weeks ago. Now, it looks like a big insider trading scheme has caused some of the biggest investors, including Cathie Woods to drop their stock before the SEC investigation causes more bleeding of their stock price.
A former Coinbase Product Manager, along with his brother and a friend, have been arrested and now under investigation on an insider trading scheme, where the PM would inform his brother and friend of pending ICO's (Initial Coin Offering), giving them them chance to purchase as much of the token/coin before Coinbase goes live with the offering. It was a keen eyed Twitter user who eventually saw the pattern, with multiple users replying with more evidence:
We will have to see what happens next, but the SEC has proven that they are jumping on crypto fraud cases quickly, which I hope is a deterrent for the next big schemers thinking they can openly cheat the system!
Written by: nikethereum.eth / Mirror
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