The anti-crypto thread

[BFG10K]

Great news, crypto's collapsing across the board: https://www.techpowerup.com/282380/...ions-in-less-than-24-hours-did-the-bubble-pop

Also China's banned crypto, though individuals can still have it: https://finance.yahoo.com/news/chinese-financial-payment-bodies-barred-122712260.html

The sooner this cancerous parasite is wiped out, the better.

 

[VirtualLarry]

Bitcoin Miner Argo Hit With Lawsuit Over ‘Misleading’ US IPO (msn.com)

Big-time miners (allegedly) conning investors too? Say it ain't so.

 

[VirtualLarry]

Cryptocurrency fraud scheme lands man 8 years in prison (msn.com)

Another one bytes the dust.

 

[Lost_in_the_HTTP]

Oh gollyyy ....

Puerto Rico man charged with $110 million cryptocurrency fraud - UPI.com

A Puerto Rico man is scheduled to face charges Thursday in New York City in a $110 million cryptocurrency fraud that involved manipulation of the crypto exchange Mango Markets.

www.upi.com

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[MrSquished]

now that they've clearly cleaned up all the fraud and crypto has shown so much utility in day to day living, is NOW the time to YOLO on Crypto?

 

[KMFJD]

now that they've clearly cleaned up all the fraud and crypto has shown so much utility in day to day living, is NOW the time to YOLO on Crypto?

I dunno, this doesn't sound great, but YOLO

https://twitter.com/x/status/1620781614417711106

 

[Train]

"No more fiat withdrawals " Well except that's not true. Customers of a single UK bank that doesn't want to do business with Binance anymore can't do fiat withdrawals, that is until they link to a different bank.

lol GOING SUPERNOVA

 

[MrSquished]

I dunno, this doesn't sound great, but YOLO

https://twitter.com/x/status/1620781614417711106

Just put my condo on the market so I can YOLO into crypto! Thanks crypto bros for showing me the way!

 

[KMFJD]

Just put my condo on the market so I can YOLO into crypto! Thanks crypto bros for showing me the way!

https://twitter.com/x/status/1622643851453435905

Superbowl also bans(?) crypto ads

 

[MrSquished]

https://twitter.com/x/status/1622643851453435905

View attachment 76133

Superbowl also bans(?) crypto ads

Oh my god the woke crowd is banning crypto ads, daddy musk will show us the way, time to put it all in crypto baby! To the moon!

 

[KMFJD]

Oh my god the woke crowd is banning crypto ads, daddy musk will show us the way, time to put it all in crypto baby! To the moon!

how dare they!

 

[JEDI]

candlesticks says if it doesnt pierce the resistance at $24k, then its going to drop back to $16k.
and then if it pierces support at $10k, then i'm all in at Microstrategy (de facto bitcoin surrogate, unless they sold in the past few months?)

 

[KMFJD]

Oh my god the woke crowd is banning crypto ads, daddy musk will show us the way, time to put it all in crypto baby! To the moon!

Self-Help Singh with some more sage advice for the crypto bro's

 

[VirtualLarry]

Self-Help Singh with some more sage advice for the crypto bro's

That was truely awesome!

 

[VirtualLarry]

Woman says she lost $250,000 in cryptocurrency scam that started on dating app (msn.com)

Dating app crypto scammers... beware!

 

[Lost_in_the_HTTP]

Works for me.


Judge raises possibility of revoking Sam Bankman-Fried's bail over possible witness tampering

ABC|2 hours ago
A judge raised the possibility of revoking bail and remanding Sam Bankman-Fried into custody for possible witness tampering.


..

 

[Lost_in_the_HTTP]

That's gonna leave a mark.





U.S. News // 6 hours ago
SEC announces lawsuit against Terra blockchain creator Do Kwon
Feb. 16 (UPI) -- The Securities and Exchange Commission on Thursday announced that it had filed a lawsuit against Do Kwon, the creator of the blockchain protocol Terra.

 

[njdevilsfan87]

candlesticks says if it doesnt pierce the resistance at $24k, then its going to drop back to $16k.
and then if it pierces support at $10k, then i'm all in at Microstrategy (de facto bitcoin surrogate, unless they sold in the past few months?)

Since FTX didn't do it (in fact it's up about 30% since that happened) it's going to other macro forces to get it that low.

1. Recession: stocks dump another 25-30%, and Bitcoin being the volatility multiplier maybe drops to ~12-13K.
2. US Government ban: highly unlikely. And no one cares if some other country bans it for the umpteenth time.
3. Tether Bomb. The only thing bigger than FTX. This is about as apocalyptic as it can get for crypto. But even then, USDC has grown to over $40B itself so it wouldn't be a total collapse.

You'd pretty need all three of these to happen to kill crypto. Otherwise, Ethereum fees continuing to rise (having days now where the minimum fees no longer fall below 20gwei) showing people are getting back into it.

 

[Lost_in_the_HTTP]

Swoosh!!!!

U.S. News // 36 minutes ago
Former NBA player to pay $1.4 million to settle SEC crypto fraud charge
Feb. 17 (UPI) -- The U.S. Securities and Exchange Commission Friday charged former NBA player Paul Pierce for touting EMAX cryptocurrency tokens without disclosing he was paid to do it. The SEC also said he made false statements.
​

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[VirtualLarry]

Waiting to hear about the SEC going after Logan Paul and friends.

SEC fines former Boston Celtics star Paul Pierce for crypto push (msn.com)

 

[Shmee]

Why would the SEC fine someone for pushing a crypto? Isn't that his opinion if he likes it or not? I get trying to crack down on scams and fraud, but maybe they are going to far? Unless there is more to that article and he did more than the headline suggests...

EDIT: ah, according to the article, he received payment for it, didn't disclose that, and was saying false things about it. I wish they would make these headlines more transparent. Clicking on that link, I wasn't happy, seeing a video playing. I cannot imagine how bad it is for people without an ad blocker.

 

[Heartbreaker]

Why would the SEC fine someone for pushing a crypto? Isn't that his opinion if he likes it or not? I get trying to crack down on scams and fraud, but maybe they are going to far? Unless there is more to that article and he did more than the headline suggests...

RTFA

The law requires you to disclose to the public from whom and how much you are getting paid to promote investment in securities, and you can't lie to investors when you tout a security

 

[Shmee]

RTFA

Hehe, I gave in and clicked it, hence my edited post. But I only skimmed the first few paragraphs

 

[AdamK47]

Waiting to hear about the SEC going after Logan Paul and friends.

SEC fines former Boston Celtics star Paul Pierce for crypto push (msn.com)

Logan Paul backtracked on his lawsuit against Coffeezilla after knowing he would have to go through discovery. I wonder what kind of hidden back room dealings he made to promote his crypto scam that the general public doesn't know about.

 

[VirtualLarry]

Logan Paul backtracked on his lawsuit against Coffeezilla after knowing he would have to go through discovery. I wonder what kind of hidden back room dealings he made to promote his crypto scam that the general public doesn't know about.

figures. doesn't refund like he said he would. I've got a friend just like that; now he's an ex-friend.

 

[VirtualLarry]

Warren Buffet is apparently against vapor-bucks.