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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...
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
Older Australians have been having not so great of a time getting duped in crypto scams for an almost collective AUD$242.5m in 2022 so far. Most of the scams were romance baiting scams to classic Ponzi schemes and cryptocurrency scams. The Australian government is trying to create safeguards in how money is transferred between entities in order to KYC potential scammers, but it is going to be an uphill battle to get that implemented.
I know this is the same old tale of being cautious in the crypto world. Older generations are far more susceptible to these scams, but they are not the only ones. Everyone can and has been duped and we have to stay vigilant at all times. “Too good to be true” is absolutely applied here and if you see something that just doesn’t fit, walk away. It’s better to be safe than take the chance of losing all your money. There will be plenty of chances to get in on something great that’s also legit!
Written by: nikethereum.eth / Medium / Mirror
Older Australians have been having not so great of a time getting duped in crypto scams for an almost collective AUD$242.5m in 2022 so far. Most of the scams were romance baiting scams to classic Ponzi schemes and cryptocurrency scams. The Australian government is trying to create safeguards in how money is transferred between entities in order to KYC potential scammers, but it is going to be an uphill battle to get that implemented.
I know this is the same old tale of being cautious in the crypto world. Older generations are far more susceptible to these scams, but they are not the only ones. Everyone can and has been duped and we have to stay vigilant at all times. “Too good to be true” is absolutely applied here and if you see something that just doesn’t fit, walk away. It’s better to be safe than take the chance of losing all your money. There will be plenty of chances to get in on something great that’s also legit!
Written by: nikethereum.eth / Medium / Mirror
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