Bitcoin is more like a decentralized pyramid scheme, there is no single person at the top but those who mined tens of thousands for almost free in the beginning are selling useless numbers to latecomers, who in turn try to sell to even later users and so on. Is it right? Many crypto startups do far more work than other investments. for instance, let's say I make a new toilet paper holder. I get 10 million on investments. I say it's gonna be huge! But then, I use the money to buy a ferarri and mansion and other frivolous shit. So, what do I have to show that the investments weren't just a scam? well a "good faith" effort to...
“If you’d like to see me in Congress fighting to keep Bitcoin innovation here in the USA, donate to my campaign. I’m running a grassroots movement. Each Satoshi can make a difference.” Bitcoin and other crypto donations to political campaigns have been banned in California since 2018. Essentially, concerns surrounding grants being utilized to circumvent contribution limits and prohibitions were one of the main reasons the ban was implemented. Alongside, foreign entities contributing to campaigns was another facet of apprehension that was highlighted back then. However, a few months back, a state regulator—the Fair Political Practices Commission—had scheduled a discussion to consider drafting amendments to the same. And now, in the latest development, the Commission voted on Thursday to approve new rules, green-lighting...
With many parts of Texas enduring days of temperatures well over 100 degrees Fahrenheit in July, many crypto miners have shuttered operations in anticipation of the state’s energy grid being unable to meet demand. Many crypto miners in the Lone Star State have announced they have already scaled back or shut down operations in anticipation of demand Texas’ energy grid may not be prepared to handle. "I moved all of my mining equipment out of the house so it is no longer dependent on the cooling of my home. I put everything in the garage and adjusted core/mem to run efficient and within spec. So far, I have reached the hottest parts of the summer with no issues. I am...
Maybe your local gas station now has a sticker on the front door. Buy Bitcoin here! Has anyone used or seen anyone using these machines yet? You must know how these work. I'm guessing there has to be fees. I'm seeing the business that controls these is called coinsource. In fact,We have one of those coinflip crypto atms in the store I work at. Little old lady comes in talking on the phone, is trying to figure out how to work it. So I go over to help. I'm already concerned because the elderly don't normally do crypto stuff. So I ask her what she's trying to do, and if she needs help. She tells me the guy on the phone is...
A Coinbase Product Manager was Just Charged With Insider Trading and Arrested While Trying to Flee the Country Former Coinbase Employee Allegedly Tipped His Brother and Friend Regarding Crypto Assets That Were Going to be Listed on Coinbase Exchanges. Damian Williams, the United States Attorney for the Southern District of New York, and Michael J. Driscoll, the Assistant Director-in-Charge of the New York Field Office of the Federal Bureau of Investigation (“FBI”), announced today the unsealing of an Indictment charging ISHAN WAHI, a former product manager at Coinbase Global, Inc. (“Coinbase”), NIKHIL WAHI, and SAMEER RAMANI, with wire fraud conspiracy and wire fraud in connection with a scheme to commit insider trading in cryptocurrency assets by using confidential Coinbase information about...
