thedestroyerofworlds Posted December 13, 2022 Share Posted December 13, 2022 2 hours ago, Playoff Beered said: FTX founder Sam Bankman-Fried arrested in the Bahamas after U.S. files criminal charges https://www.cnbc.com/2022/12/12/ftx-founder-sam-bankman-fried-arrested-in-the-bahamas-after-us-files-criminal-charges.html?__source=iosappshare|com.apple.UIKit.activity.CopyToPasteboard&ref=upstract.com Wonder what all those folks who were complaining that he wasn't in cuffs when this all blew up are saying now. 1 Link to comment Share on other sites More sharing options...
Elias Pettersson Posted December 13, 2022 Share Posted December 13, 2022 Link to comment Share on other sites More sharing options...
Elias Pettersson Posted December 14, 2022 Share Posted December 14, 2022 Link to comment Share on other sites More sharing options...
Elias Pettersson Posted December 14, 2022 Share Posted December 14, 2022 He never gives up... 1 Link to comment Share on other sites More sharing options...
nuckin_futz Posted December 21, 2022 Share Posted December 21, 2022 Movement of 'lost' Quadriga bitcoin highlights the positives and pitfalls of crypto QuadrigaCX was a crypto exchange that turned out to be a ponzi scheme Deceased QuadrigaCX founder Gerald Cotten Canadian crypto exchange QuadrigaCX collapsed after it was revealed it was a ponzi scheme and the founder died under mysterious circumstances in India. Bankruptcy trustee Ernst & Young tried to sort through the mess, which is still ongoing but looked to be winding down with around $46m in recoveries compared to $215m in losses. However during the process, 104 bitcoin were 'lost' just one day after the company went into creditor protection. The exchange said it inadvertently transferred 104 bitcoin into cold storage wallets where it did not have the private key. The remaining management at the firm said it was an error with a setting on the exchange mistakenly changed. Yesterday, five Quadriga wallets became active again and some of the funds were transferred to a mixer. The collapse and death have long been the object of conspiracy theories and this move certainly adds some weight to the evidence and highlights (at least) that founder Gerald Cotten wasn't the only bad actor involved. Perhaps one day that Satoshi bitcoin will move. Link to comment Share on other sites More sharing options...
Playoff Beered Posted December 22, 2022 Share Posted December 22, 2022 B.C. suspends new cryptocurrency mining requests over power, environmental concerns https://www.cbc.ca/news/canada/british-columbia/british-columbia-cryptocurrency-suspended-1.6693976 1 Link to comment Share on other sites More sharing options...
UnkNuk Posted December 22, 2022 Share Posted December 22, 2022 4 hours ago, nuckin_futz said: The collapse and death have long been the object of conspiracy theories and this move certainly adds some weight to the evidence and highlights (at least) that founder Gerald Cotten wasn't the only bad actor involved. Or maybe he was. Link to comment Share on other sites More sharing options...
Warhippy Posted January 10, 2023 Share Posted January 10, 2023 Shocking Cryptocurrency exchange Coinbase Global Inc. said on Tuesday it will reduce its workforce by about 20 per cent, or 950 employees, which is the third round of major layoffs at the company in under a year. The company said it expects to incur about $149 million US to $163 million US in restructuring expenses. Its shares fell three per cent in early trading on the stock market. Over the past year, the company's shares have lost about 90 per cent of their value amid a broader cryptocurrency plunge. "The entire industry is going through a crisis of confidence and trading volume remains very weak. This job cut is a reflection of the current challenging environment," said Owen Lau, analyst at Oppenheimer. 1 Link to comment Share on other sites More sharing options...
Boudrias Posted January 10, 2023 Share Posted January 10, 2023 30 minutes ago, Warhippy said: Shocking Cryptocurrency exchange Coinbase Global Inc. said on Tuesday it will reduce its workforce by about 20 per cent, or 950 employees, which is the third round of major layoffs at the company in under a year. The company said it expects to incur about $149 million US to $163 million US in restructuring expenses. Its shares fell three per cent in early trading on the stock market. Over the past year, the company's shares have lost about 90 per cent of their value amid a broader cryptocurrency plunge. "The entire industry is going through a crisis of confidence and trading volume remains very weak. This job cut is a reflection of the current challenging environment," said Owen Lau, analyst at Oppenheimer. I just don't understand the utility of bitcoin. I flirted with the idea of buying Coinbase last spring but thankfully passed. Bitcoin is so narrowly owned that liquidity has to be a real concern. Pricing has stabilized somewhat over the past month but that number can be manipulated to easily to take any reassurance. I don't know much about the others. Link to comment Share on other sites More sharing options...
luckyjack Posted February 14, 2023 Share Posted February 14, 2023 (edited) I'm looking for some new coins to invest in and I just found info about Shiba Inu (SHIB) coin, it seems to be interesting. This is the altcoin. I found info about Shiba Inu at https://buidlbee.com/will-the-shiba-inu-coin-reach-10/ there is the Shiba Inu price prediction for 2025. Most experts in the crypto industry still maintain the opinion Shiba Inu will never reach the valuation of $10 but you'll never know for sure. That's why I prefer to read blogs about crypto to get more info. Edited February 15, 2023 by luckyjack Link to comment Share on other sites More sharing options...
Warhippy Posted February 14, 2023 Share Posted February 14, 2023 6 hours ago, luckyjack said: I'm looking for some new coins to invest in and I just found info about Shiba Inu (SHIB) coin, it seems to be interesting. This is the altcoin. It has some movement and is tracking well like most lower tiered alt coins. But just know you're gambling hard and better put set limits on what you're ready to lose Link to comment Share on other sites More sharing options...
WilliG Posted June 6, 2023 Share Posted June 6, 2023 (edited) that's true, investing in crypto is like gambling. I love winning that's why I play Plinko Game Online games to win some money. Plus they are really entertaining esp when I started winning more. Roulettes and slots are the most popular casino games in the world. I know a fun way to gamble and potentially win some money without risking too much. Edited June 12, 2023 by WilliG Link to comment Share on other sites More sharing options...
BPA Posted June 6, 2023 Share Posted June 6, 2023 2 hours ago, WilliG said: that's true, investing in crypto is like gambling I think it’s more like penny stocks. Where it seems good but in reality somebody just did a pump and dump. And then you’re out of luck. Link to comment Share on other sites More sharing options...
Warhippy Posted June 6, 2023 Share Posted June 6, 2023 2 hours ago, BPA said: I think it’s more like penny stocks. Where it seems good but in reality somebody just did a pump and dump. And then you’re out of luck. The amount of movement in these crap coins or alt coins that go from like .00072 cents to .02 cents is kind of crazy. people are still making insane money on them but this is a level of degenerate gambling I have no interest in. Link to comment Share on other sites More sharing options...
Boudrias Posted June 7, 2023 Share Posted June 7, 2023 23 hours ago, BPA said: I think it’s more like penny stocks. Where it seems good but in reality somebody just did a pump and dump. And then you’re out of luck. In memory serves the Bitcoin market is controlled by half a dozen people. Your 'pump & dump' description is bang on. My take is that there was to much loose money floating around looking for a play. Crypto served that purpose. At the end of the day the utility is very limited if any. I thought Charlie Munger's take is " Crazy, stupid gambling". Link to comment Share on other sites More sharing options...
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