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...
Share Dialog
Share Dialog
The ever eccentric Elon Musk, who is doing his best Trump impersonation in the picture above, is getting hit with a class action lawsuit from an overzealous investor who claims Elon, along with his companies SpaceX and Tesla, engaged in a pyramid scheme-type to shill Dogecoin to the masses. How much is Elon getting hit with? $258 billion!! The plantiff who filed the case in NY, alleges that Musk and his corporations were “unjustly enriched” by $86 billion windfall via various law violations and misconducts.
As polarizing as Elon can be, and no matter which side you agree with, it seems that the crypto community are giving a collective eye roll at this ridiculous amount, with good reason since the amount alone could get this suit thrown out.
I think I've made my feelings clear on how I feel about Elon in past articles so I won't repeat myself. I have always been against the way Elon blindly shills certain coins, suspiciously in a whale pattern, but this lawsuit does seem extremely frivolous and can't see it going forward. Good luck Keith!
Written by: nikethereum.eth
The ever eccentric Elon Musk, who is doing his best Trump impersonation in the picture above, is getting hit with a class action lawsuit from an overzealous investor who claims Elon, along with his companies SpaceX and Tesla, engaged in a pyramid scheme-type to shill Dogecoin to the masses. How much is Elon getting hit with? $258 billion!! The plantiff who filed the case in NY, alleges that Musk and his corporations were “unjustly enriched” by $86 billion windfall via various law violations and misconducts.
As polarizing as Elon can be, and no matter which side you agree with, it seems that the crypto community are giving a collective eye roll at this ridiculous amount, with good reason since the amount alone could get this suit thrown out.
I think I've made my feelings clear on how I feel about Elon in past articles so I won't repeat myself. I have always been against the way Elon blindly shills certain coins, suspiciously in a whale pattern, but this lawsuit does seem extremely frivolous and can't see it going forward. Good luck Keith!
Written by: nikethereum.eth
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