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...
<100 subscribers
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...
Share Dialog
Share Dialog
https://media.giphy.com/media/3o6ZsSEYZrxPtUoG40/giphy.gif
A South Korean town called Gunpo is making headlines as their plan for delinquent fine reimbursement is seeing quite a bit of success. The pilot program, which was selected by the national government, has seen an 88% success rate in recovering traffic fines by $668,000, which is on track to exceed the goal of retrieving $759,000 by end of year. However, the program only saw these fines totaling ~$759 subject to crypto seizures, and crypto seizures were only done if the funds in the person's bank accounts were not enough to pay off the fine(s) in question.
Good idea or bad idea? Honestly, holding crypto as hostage for paying fines seems scummy, but to be honest, isn't it scummy not to pay off fines? Sure, if fines are improperly given to an individual, then they should have the right to fight back and have them dismissed. Ignoring fines right off though? Yea, you might deserve having some of your crypto taken away to pay it off...
Written by: nikethereum.eth / Medium / Mirror
https://media.giphy.com/media/3o6ZsSEYZrxPtUoG40/giphy.gif
A South Korean town called Gunpo is making headlines as their plan for delinquent fine reimbursement is seeing quite a bit of success. The pilot program, which was selected by the national government, has seen an 88% success rate in recovering traffic fines by $668,000, which is on track to exceed the goal of retrieving $759,000 by end of year. However, the program only saw these fines totaling ~$759 subject to crypto seizures, and crypto seizures were only done if the funds in the person's bank accounts were not enough to pay off the fine(s) in question.
Good idea or bad idea? Honestly, holding crypto as hostage for paying fines seems scummy, but to be honest, isn't it scummy not to pay off fines? Sure, if fines are improperly given to an individual, then they should have the right to fight back and have them dismissed. Ignoring fines right off though? Yea, you might deserve having some of your crypto taken away to pay it off...
Written by: nikethereum.eth / Medium / Mirror
No comments yet