Study suggests 95% of NFT collections are worthless (dappgambl.com)
Of the 73,257 NFT collections we identified, an eye-watering 69,795 of them have a market cap of 0 Ether (ETH)....
Crypto collapse: Tornado Cash arrests, Federal Reserve shuts down Farmington Bank, Prime Trust played Terra-Luna - by Amy and David (davidgerard.co.uk)
NFT Platform Recur to Shut Down Despite $50M Raise and Big Name Backers (decrypt.co)
Another one bites the dust....
Purchasers of worthless digital monkeys sue worthless digital monkey auction house after realizing that digital monkeys are worthless (arstechnica.com)
cross-posted from: lemmy.world/post/3351001...
Crypto collapse: Sam Bankman-Fried goes to jail, SEC appeals Ripple ruling, Prime Trust bankrupt, the tangled tale of TrueUSD and Tron - by Amy and David (amycastor.com)
Sam Bankman-Fried is back in a cell....
Sam Bankman-Fried is going to jail (arstechnica.com)
cross-posted from: lemmy.world/post/3201243...
The Federal Reserve prepares the Novel Activities Supervision Program to head off dumb greedy assholes crashing their banks with crypto and risking the entire banking system (www.federalreserve.gov)
Stalking a charity: Why the FBI raided Kraken founder Jesse Powell’s home - by Amy and David (amycastor.com)
Ivermectin, it’s a hell of a drug
NFT Bro Laments That Nobody Is Buying Expensive JPGs Anymore (futurism.com)
Former Celsius CEO Alex Mashinsky Arrested—SEC, CFTC and FTC Sue for Fraud - Decrypt (decrypt.co)
Celsius and its former CEO have been charged with a host of fresh allegations from four different government agencies Thursday morning.
Bitcoin miners will struggle to survive the next ‘halving’ event amid electricity costs, debt payments (fortune.com)
This is good for Bitcoin for… Reasons.
Crypto collapse: Venture capital goes home, Coinbase, Tether backing, FTX sues Hollywood VCs, 3AC on the beach. Amy Castor and David Gerard post from their joint coverage of crypto. (amycastor.com)
I keep posting the blogs I get from the email list. I’m still trying to make sure I don’t double post or spam the /c/. If I’m doing anything wrong/incorrect, please let me know.
Unofficial Subreddit Migration List (Lemmy, Kbin) (www.quippd.com)
A comprehensive mapping of old subreddits to new communities.
My First Encounter With A Cryptobro On The Fediverse (latte.isnot.coffee)
First, let me say please don't be harassing this person or anything....
Mass adoption around the corner? Tweet about Bitcoin from user with 500 followers gets 64000 likes in an instant. Laurens Hof (@laurenshof) (calckey.social)
If you want to get a sense of scale of the bot problem at #twitter, check this out what I found. TLDR: someone has a (malfunctioning) bot army that can give posts at least 64000 likes in an instant, without triggering any serious spam detection or bot removal. The problem is in this tweet:...
Do Kwon’s new home: an overcrowded Balkan prison with mafia suspects and little hope (www.dlnews.com)
‘Jeopardy’ Fans React to ‘Crypto Bro’ Contestant’s Poor Performance (www.tvinsider.com)
Plus, was 2-day champ Ben Goldstein able to secure a victory?
Jimmy Wales: One of the biggest obstacles to ... cryptocurrency ... is the sheer number and size of scandals associated with it. (wts2.wt.social)
Crypto Leaders Call For Infusion Of 20 Million Dopes To Stabilize Market (www.theonion.com)
BOSTON—Stressing that the move would help keep digital currencies liquid through the coming year, crypto leaders called for an infusion of 20 million dopes Thursday to stabilize the market. “We’re calling for millions of bozos to be infused into the crypto market to stave off collapse and assure investors their money…
Police tell Bitcoin ATM firm to 'go to hell,' take scam victim's cash from machine (protos.com)
A crypto ATM maker and a Texas sheriff’s department are locked in a fierce legal battle after police seized cash from one of the company’s machines and handed it back to an 82-year-old woman who had been scammed into converting $15,000 into bitcoin....
SEC sues Binance, part 2 By Amy Castor and David Gerard (davidgerard.co.uk)
The Reddit boycott is good for crypto - CoinDesk (www.coindesk.com)
Now, dear The Node reader, what does all this have to do with crypto? Or how can it help you earn money? Well, depending on how the situation shakes out it could have a few implications for crypto as a social movement. Obviously, the ability for a company to make unilateral decisions that severely affect users is a Big Plus for...
New attempt at a fediverse Buttcoin (awful.systems)
By popular local demand, we’ve started a Buttcoin over at awful.systems. I’m not sure federation to/from kbin.social works without glitches yet, but here’s hoping, cross fingers etc. We do know it federates OK to other Lemmy instances and some Mastodon instances.
