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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A 39 year old Dutch man was arrested Wednesday for allegedly laundering tens of millions of Euros via cryptocurrencies, as part of larger push to crackdown on crypto-releated financial crimes in the Netherlands. The arrest stemmed from authorities tracing stolen Bitcoin from a software patch of the Electrum bitcoin wallet. Monero (XMR) was the primary crypto medium he used to attempt masking the source of funds, but was discovered through open ledger transactions eventually. This follows the scrutinized arrest of a Tornado Cash developer last month by Dutch police as well. More countries are stepping up the pursuit of finding scammers and crooks, which is a good thing for crypto as a whole.
As I've mentioned in posts before, I do believe in crypto privacy for the average individual, but not at the expense of someone's hard earned money being taken away from them through criminal activities, and laundering is on that list. Hoping this deters some of those thinking they'll get away with it, because chances are growing that they might not....
Written by: nikethereum.eth / Medium / Mirror
A 39 year old Dutch man was arrested Wednesday for allegedly laundering tens of millions of Euros via cryptocurrencies, as part of larger push to crackdown on crypto-releated financial crimes in the Netherlands. The arrest stemmed from authorities tracing stolen Bitcoin from a software patch of the Electrum bitcoin wallet. Monero (XMR) was the primary crypto medium he used to attempt masking the source of funds, but was discovered through open ledger transactions eventually. This follows the scrutinized arrest of a Tornado Cash developer last month by Dutch police as well. More countries are stepping up the pursuit of finding scammers and crooks, which is a good thing for crypto as a whole.
As I've mentioned in posts before, I do believe in crypto privacy for the average individual, but not at the expense of someone's hard earned money being taken away from them through criminal activities, and laundering is on that list. Hoping this deters some of those thinking they'll get away with it, because chances are growing that they might not....
Written by: nikethereum.eth / Medium / Mirror
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