Tag: Cryptocurrency
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Note: This is not investment advice. “Have fun being poor!” I’m pretty sure someone is going to say that in the comments. But to invest in Bitcoin, I need a reason. Let me run through why the possible reasons to own Bitcoin don’t hold up. A Store of Value —…
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+ Bitcoin, Blockchain, BTC, Celsius, Crypto, Cryptocurrency, DeFi, Finance, Investing, Money, Tech, Venture Capital+
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Many average people lost their life savings in bad crypto investments. But the real victims of the crypto craze lost much more. Journalist Zeke Faux travelled 9,000 miles to meet some of them. He tells their stories in his excellent new book Number Go Up. A Mysterious Text Message The…
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+ Bitcoin, Blockchain, Cambodia, Crypto, Cryptocurrency, Finance, Human Rights, Human Trafficking, Investing, Money, Tech, Tether+
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“I have never cheated any honest men, only rascals. They wanted something for nothing. I gave them nothing for something.” Joseph “The Kid” Weil, early 20th century con artist The lure of easy riches is hard to resist. In 2021, I had the opportunity to invest in countless crypto projects.…
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+ Bitcoin, Blockchain, BT, Crypto, Cryptocurrency, Finance, Investing, Money, Startups, Tech, Tether, Venture Capital+
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“It’s like the narrative would be way sexier if it was like, ‘Holy s—, this is the world’s biggest Ponzi scheme.’” Sam Bankman-Fried As markets ripped in late 2021, the total value of all cryptocurrency approached $3 trillion. Just 12 years prior, crypto didn’t exist. The boom created a wave…
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+ Bitcoin, Blockchain, Crypto, Cryptocurrency, Finance, FTX, Investing, Money, SBF, Startups, Tech, Venture Capital+
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FTX founder Sam Bankman-Fried was convicted on all counts in federal court yesterday. His own testimony may have helped seal his fate. ‘I Cannot Recall’ From The New York Times: Mr. Bankman-Fried’s decision to take the stand allowed him to argue he had no intent to steal money and defraud…
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+ Bitcoin, Blockchain, BTC, Crypto, Cryptocurrency, Finance, FTX, Investing, Law, Money, Sam Bankman-Fried, SBF, Startups, Tech, Venture Capital+
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Let’s say I create $1 million worth of Frankcoin. Will you loan me $1 million with my Frankcoin as collateral? Get the blog before anyone else…subscribe! Not if you’re in your right mind, you won’t. But that’s exactly what lenders did for Sam Bankman-Fried’s crypto hedge fund, Alameda Research. From…
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+ Bitcoin, Blockchain, Crypto, Cryptocurrency, DeFi, Finance, FTX, Investing, Money, SBF, Startups, Tech, Venture Capital+
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It’s going from bad to worse at Tiger Global Management. As crypto exchange FTX implodes, Tiger could lose hundreds of millions of dollars. Get the blog before anyone else…subscribe! From a new report in Forbes: Tiger Global Management appears to have just taken another hit. The hedge fund headed by…
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+ Bitcoin, Blockchain, Crypto, Cryptocurrency, Finance, FTX, Hedge funds, Investing, Money, Startups, Stock Market, Stocks, Tech, Venture Capital+
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It’s crypto winter, and Andreessen Horowitz is shivering. Its main crypto fund is down 40% this year. From a new report in The Wall Street Journal: Get the blog before anyone else…subscribe! Many of the firm’s largest investments have been crushed. Coinbase stock is down nearly 80% since its IPO.…
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+ Blockchain, Crypto, Cryptocurrency, Finance, Investing, Money, Silicon Valley, SOL, Solana, Startups, Stock Market, Stocks, Tech, VC, Venture Capital, Web3+
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Cryptocurrency lender Celsius Network has stopped all withdrawals, imperiling the savings of 100,000 users. From The Wall Street Journal: A few months ago, Mike Washburn’s cryptocurrency investment looked like a winner. Now he’s just hoping to get his money back. Mr. Washburn, a 35-year-old plumber in Otsego, Minn., had $100,000…
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+ Blockchain, CEL, Celsius, Crypto, Cryptocurrency, DeFi, Finance, Investing, Money, Reddit, Stablecoins, Tech, USDC, USDT, Wallstreetbets+
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Never miss a post…subscribe! Last week, the U.S. government made its largest asset seizure ever: $3.6 billion worth of bitcoin. The money came from the 2016 hack of the Bitfinex exchange. The culprits: Ilya Lichtenstein and Heather Morgan, a young couple from New York City. Perhaps the most interesting detail…
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Tremendous 