#crypto Timeline

1y

i posted a very long 🧵 on the birdbrain site about how <a href="/tags/chainalysis/" rel="tag">#Chainalysis</a> basically exists to provide "analysis" to the FBI/CIA/etc. that "proves" that there's actually not that much crime in crypto.As someone with a long background in data work at a high level i usually just call this kind of thing <a href="/tags/scamalytics/" rel="tag">#scamalytics</a> but while everything about this this report is top grade scamalytics I also came up with a new name:"Minimize and Legitimize"Unlike most of the scamalytics companies¹ Chainalysis obviously does employ some real data scientists doing the right thing who repeatedly get overruled by the PR team & C-suite.Anyways their new report on the state of <a href="/tags/crypto/" rel="tag">#crypto</a> crime in 2024 takes minimize & legitimize to brave new heights. Posting 4 screenshots here but sadly you'll have to go there to read bc it's long. Sorry.<a href="https://x.com/Cryptadamist/status/1829330368727744537" rel="nofollow" class="ellipsis" title="x.com/Cryptadamist/status/1829330368727744537">https://x.com/Cryptadamist/status/1829330368727744537</a>ps Chainalysis is yet another co. in the <a href="/tags/a16z/" rel="tag">#a16z</a> / <a href="/tags/trump/" rel="tag">#Trump</a> portfolio.¹ I've seen these companies up close. The level of incompetence is breathtaking.

Just read #Chainalysis "2024 Crypto Crime Mid-Year Report". Obvs they have a habit of minimizing crypto crime stats but reading closely I realized this is kinda nuts. So nuts I that we need new rhyme akin to "pump & dump" vein. I give you:

"Minimize & Legitimize"

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The report has two parts. I focused on the 2nd half because it makes a big deal about CSAM. Surprisingly to me it seemed like Chainalysis was for once maybe not downplaying something really bad...

But then I started checking the numbers.

(Report: https://chainalysis.com/blog/2024-crypto-crime-mid-year-update-part-2/

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Below is the tweet I dashed off as did a quick scan. CSAM is bad. If CSAM number go up = really bad. Looked like Chainalysis was admitting bad number go up!

Which, speaking as someone who's checked their work on terrorism financing, was surprising.

(QT) and yet not even Chainalysis's best attempts at spin can keep hidden the fact that scams and CSAM payments are rapidly rising on blockchains all across the world

(doc)

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But there was a really important caveat: Chainalysis excluded Monero ("XMR"), Zcash ("ZEC") and other "privacy coins". These tokens have impresive privacy features!

If you send $XMR to someone no one can see:
1. who sent it
2. who received it
3. how much was sent

(Yes, I am aware that the NSA or whoever have made some cryptographic progress using probabilty theory etc to be able to see very vague outlines of activity for big $XMR movers. We're not having that discussion now bc for all intents & purposes it's still private).

Privacy is nice for avg ppl but it's Very Important to people selling cocaine by the kilo on the internet's darknet mkts ("DNMs"), x100 if their DNM store has 387 5⭐️ reviews ("quick delivery!", "friendly seller!")

(yes there's a review system. it's basically amazon tbh)

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349d

The May/June 2025 issue of Texas Observer magazine will be out starting May 1, featuring stories from Candice Bernd, Michelle Pitcher, Brant Deboer and more.Become a member to support our work, and get the best of our reporting in our magazine. <a href="/tags/journalism/" rel="tag">#journalism</a> <a href="/tags/nonprofit/" rel="tag">#nonprofit</a> <a href="/tags/media/" rel="tag">#media</a> <a href="/tags/texas/" rel="tag">#Texas</a> <a href="/tags/politics/" rel="tag">#politics</a> <a href="/tags/uspol/" rel="tag">#USpol</a> <a href="/tags/news/" rel="tag">#news</a> <a href="/tags/bitcoin/" rel="tag">#bitcoin</a> <a href="/tags/crypto/" rel="tag">#crypto</a> <a href="/tags/pollution/" rel="tag">#pollution</a> <a href="/tags/refugees/" rel="tag">#refugees</a> <a href="/tags/criminaljustice/" rel="tag">#CriminalJustice</a> <a href="/tags/deathpenalty/" rel="tag">#DeathPenalty</a>

The May/June 2025 cover of Texas Observer magazine depicts a grayscale oil derrick, exploding into the air with golden, pixelated video game-style coins. Headline: The Texas Bitcoin Boom. Cryptomining afflicts locals with noise pollution, threatens water supplies and receives generous public backing. by Candice Bernd. Other headlines: Clinton Young’s Life After Death Row. The Refugee Wrestlers of the West Side by Brant Deboer.

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1y

1. <a href="/tags/telegram/" rel="tag">#Telegram</a>'s blockchain crashed again.2. the <a href="/tags/ton/" rel="tag">#TON</a> token that drives this chain (and is only usable when the chain has *not* crashed) has a market cap of ~$14 billion.3. the chain crashed (again) because of a dog themed memecoin called <a href="/tags/dogs/" rel="tag">#DOGS</a> (again).that is all.<a href="/tags/tonnetwork/" rel="tag">#TonNetwork</a> <a href="/tags/paveldurov/" rel="tag">#PavelDurov</a> <a href="/tags/durov/" rel="tag">#Durov</a> <a href="/tags/crypto/" rel="tag">#crypto</a> <a href="/tags/cryptocurrency/" rel="tag">#cryptocurrency</a> <a href="/tags/memecoin/" rel="tag">#Memecoin</a>

TON @ % @ton_blockchain Block production on TON experiencing further disruption Block production issues began at 19:19 UTC. The disruption appears to be due to heavy load attributed to DOGS token minting. TON Core is working on a solution. We will continue to update you on the situation as it evolves. User crypto assets are not at risk. 1:08 PM - Aug 28, 2024 - 34K Views

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<a href="/tags/influencergate/" rel="tag">#InfluencerGate</a>:oh look the russian agents trying to influence the election are using <a href="/tags/cryptocurrency/" rel="tag">#cryptocurrency</a> (this is my not-shocked-at-all face)also popular YouTube influencers Lauren Southern, Tim Pool, <a href="/tags/laurenchen/" rel="tag">#LaurenChen</a>, and one of Benny Johnson/Dave Rubin "unknowingly" agreed to work for Russia for large sums of money ($100,000 per youtube video or a few million/year): <a href="https://x.com/ariehkovler/status/1831413692409487766" rel="nofollow" class="ellipsis" title="x.com/ariehkovler/status/1831413692409487766">https://x.com/ariehkovler/status/1831413692409487766</a>in particular the russian agents seem to have moved money through <a href="/tags/lithuania/" rel="tag">#Lithuania</a> and used <a href="/tags/bitpay/" rel="tag">#BitPay</a> to buy domains. i wrote a bunch about the Lithuanian central bank's attempts to shut down Russian money last year; it's here (an US company Crypto[.]com is involved): <a href="https://cryptadamus.substack.com/p/cryptocom-or-crypto-dot-con" rel="nofollow" class="ellipsis" title="cryptadamus.substack.com/p/cryptocom-or-crypto-dot-con">https://cryptadamus.substack.com/p/cryptocom-or-crypto-dot-con</a>DOJ affidavit: <a href="https://www.justice.gov/d9/2024-09/doppelganger_affidavit_9.4.24.pdf" rel="nofollow" class="ellipsis" title="www.justice.gov/d9/2024-09/doppelganger_affidavit_9.4.24.pdf">https://www.justice.gov/d9/2024-09/doppelganger_affidavit_9.4.24.pdf</a>taking bets on whether Virtual Currency Exchange 1 ("VCE-1") is <a href="/tags/binance/" rel="tag">#Binance</a> or <a href="/tags/cryptocom/" rel="tag">#CryptoCom</a><a href="/tags/crypto/" rel="tag">#crypto</a> <a href="/tags/russia/" rel="tag">#russia</a> <a href="/tags/uspol/" rel="tag">#uspol</a> <a href="/tags/election2024/" rel="tag">#election2024</a> <a href="/tags/2024election/" rel="tag">#2024election</a> <a href="/tags/trump/" rel="tag">#Trump</a> <a href="/tags/donaldtrump/" rel="tag">#DonaldTrump</a> <a href="/tags/putin/" rel="tag">#Putin</a> <a href="/tags/ukraine/" rel="tag">#ukraine</a> <a href="/tags/vladímirputin/" rel="tag">#VladímirPutin</a> <a href="/tags/timpool/" rel="tag">#TimPool</a> <a href="/tags/bennyjohnson/" rel="tag">#BennyJohnson</a> <a href="/tags/laurensouthern/" rel="tag">#LaurenSouthern</a> <a href="/tags/daverubin/" rel="tag">#DaveRubin</a> <a href="/tags/changenow/" rel="tag">#ChangeNow</a> <a href="/tags/tenetmedia/" rel="tag">#TenetMedia</a> <a href="/tags/politics/" rel="tag">#Politics</a> <a href="/tags/maga/" rel="tag">#MAGA</a>

cryptocurrency by using services like ChangeNOW and cryptocurrency mixing algorithms to obfuscate the originating cryptocurrency wallet used in their transactions.

80. Based on the commercially available cryptocurrency analysis tools?’ and analysis by an FBI cryptocurrency subject matter expert, these personas’ cryptocurrency transactions with NameSilo and Namecheap show that the transactions originated with a cluster of cryptocurrency wallets. In this case, the FBI determined that the aforementioned cluster of wallets was funded by an account at a virtual currency exchange (“VCE-17).2

81. Records received from VCE-1 pursuant to legal process revealed that the funding account belonged to an individual referred to herein as “Konstantin”.?° Those records showed that Konstantin provided Russian identification documents to VCE-1 and only accessed his account at 7 While the identity of the address owner is generally anonymous, law enforcement may be able to ascertain information about the identity of the owner of a particular address by analyzing the Blockchain. The analysis can also reveal additional addresses controlled by the same individual or entity. For example, a user or business may create many addresses to receive payments from different customers. When the user wants to transact the cryptocurrency that it has received, it may group those addresses together to send a single transaction. Law enforcement uses sophisticated, commercial services offered by several

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1y

food for thought re: Pavel Durov and <a href="/tags/telegram/" rel="tag">#Telegram</a> from one of the world's more famously correct cynics(not sure i or jim chanos believe this but it definitely deserves to be considered given the totality of the circumstances)<a href="/tags/paveldurov/" rel="tag">#PavelDurov</a> <a href="/tags/toncoin/" rel="tag">#Toncoin</a> <a href="/tags/ton/" rel="tag">#Ton</a> <a href="/tags/france/" rel="tag">#France</a> <a href="/tags/russia/" rel="tag">#Russia</a> <a href="/tags/russiaukrainewar/" rel="tag">#RussiaUkraineWar</a> <a href="/tags/ukraine/" rel="tag">#Ukraine</a> <a href="/tags/ukrainewar/" rel="tag">#UkraineWar</a> <a href="/tags/durov/" rel="tag">#Durov</a> <a href="/tags/freedurov/" rel="tag">#FreeDurov</a> <a href="/tags/crypto/" rel="tag">#crypto</a> <a href="/tags/cryptocurrency/" rel="tag">#cryptocurrency</a>

The other possibility is that Telegram was fully compromised by Western Intelligence some time ago, the Russians realized it, and Durov fled to be “arrested” for his own protection.
Quote
Yaroslav Azhnyuk / Ярослав Ажнюк
@YaroslavAzhnyuk
·
16h
I'm still puzzled why Durov went to France. He's a smart and paranoid guy. He knew there was a warrant for his arrest, only valid in 🇫🇷. So many other countries where he could've refueled. And this happens days after his potential meeting with Putin in Azerbaijan 🤔 1/X

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261d

I made this QR code for my Arweave address if any crypto bros feel like supporting my work 😄 <a href="/tags/crypto/" rel="tag">#Crypto</a> <a href="/tags/arweave/" rel="tag">#Arweave</a> <a href="/tags/odysee/" rel="tag">#Odysee</a>

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336d

In our magazine, from Candice Bernd: Texas is the national epicenter of <a href="/tags/bitcoin/" rel="tag">#Bitcoin</a> mining, with only about 24 total mines operating outside the state’s borders. Approximately 40 mines are operating in the state, together consuming about 3,200 MWs, enough to power 800,000 homes. <a href="https://www.texasobserver.org/the-crypto-racket/" rel="nofollow" class="ellipsis" title="www.texasobserver.org/the-crypto-racket/">https://www.texasobserver.org/the-crypto-racket/</a> Copublished with our friends at The Nation.<a href="/tags/texas/" rel="tag">#Texas</a> <a href="/tags/politics/" rel="tag">#politics</a> <a href="/tags/energy/" rel="tag">#energy</a> <a href="/tags/climatechange/" rel="tag">#ClimateChange</a> <a href="/tags/pollution/" rel="tag">#pollution</a> <a href="/tags/environment/" rel="tag">#environment</a> <a href="/tags/oilandgas/" rel="tag">#OilAndGas</a> <a href="/tags/crypto/" rel="tag">#crypto</a> <a href="/tags/news/" rel="tag">#news</a>

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1y

<a href="/tags/thecryptocalypsechronicles/" rel="tag">#TheCryptocalypseChronicles</a>: Of Tech Bros And TrumpersThe reason so many Silicon Valley billionaires suddenly decided to back <a href="/tags/donaldtrump/" rel="tag">#DonaldTrump</a> is not the mystery the media is making it out to be. tl;dr The billionaires backing <a href="/tags/trump/" rel="tag">#Trump</a> are crypto bros and they want to continue profiting from committing various kinds of crimes.This is a "follow the money" deep dive into how some of these bros profit by investing in companies like <a href="/tags/uniswap/" rel="tag">#Uniswap</a> that create excellent tools for <a href="/tags/northkorea/" rel="tag">#NorthKorea</a> to launder stolen money with a passing explanation of how <a href="/tags/coinbase/" rel="tag">#Coinbase</a> facilitates the overall system.Ω👇Ω <a href="https://cryptadamus.substack.com/p/of-tech-bros-and-trumpers" rel="nofollow" class="ellipsis" title="cryptadamus.substack.com/p/of-tech-bros-and-trumpers">https://cryptadamus.substack.com/p/of-tech-bros-and-trumpers</a><a href="/tags/a16z/" rel="tag">#a16z</a> <a href="/tags/marcandreessen/" rel="tag">#MarcAndreessen</a> <a href="/tags/sequoiacapital/" rel="tag">#SequoiaCapital</a> <a href="/tags/benhorowitz/" rel="tag">#BenHorowitz</a> <a href="/tags/crypto/" rel="tag">#crypto</a> <a href="/tags/coin/" rel="tag">#COIN</a> <a href="/tags/cryptocurrency/" rel="tag">#Cryptocurrency</a> <a href="/tags/andreessenhorowitz/" rel="tag">#AndreessenHorowitz</a> <a href="/tags/ethereum/" rel="tag">#ethereum</a> <a href="/tags/sunswap/" rel="tag">#Sunswap</a> <a href="/tags/swftswap/" rel="tag">#SwftSwap</a> <a href="/tags/lazarusgroup/" rel="tag">#LazarusGroup</a> <a href="/tags/moneylaundering/" rel="tag">#moneylaundering</a> <a href="/tags/finreg/" rel="tag">#FinReg</a> <a href="/tags/fincen/" rel="tag">#FinCEN</a> <a href="/tags/sanctions/" rel="tag">#sanctions</a> <a href="/tags/cryptolobby/" rel="tag">#CryptoLobby</a> <a href="/tags/uspol/" rel="tag">#USpol</a> <a href="/tags/uspolitics/" rel="tag">#USpolitics</a> <a href="/tags/republicans/" rel="tag">#Republicans</a> <a href="/tags/politics/" rel="tag">#politics</a> <a href="/tags/craftventures/" rel="tag">#CraftVentures</a> <a href="/tags/gop/" rel="tag">#GOP</a> <a href="/tags/thenerdreich/" rel="tag">#TheNerdReich</a>

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1y

Newsletter: As parts of the crypto industry scramble to court the Harris administration with events like “Crypto4Harris”, others insist it is Harris who must “bend the knee”.<a href="https://www.citationneeded.news/issue-64/" rel="nofollow" class="ellipsis" title="www.citationneeded.news/issue-64/">https://www.citationneeded.news/issue-64/</a><a href="/tags/crypto/" rel="tag">#crypto</a> <a href="/tags/cryptocurrency/" rel="tag">#cryptocurrency</a> <a href="/tags/newsletter/" rel="tag">#newsletter</a> <a href="/tags/citationneeded/" rel="tag">#CitationNeeded</a>

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1y

Ω🚨Ω <a href="/tags/thecryptocalypsechronicles/" rel="tag">#TheCryptocalypseChronicles</a>: Trump's Transition Team Is Tethered To Thievery (And Worse)How is it that money managed by the chair of Trump's transition team keeps showing up in the hands of drug cartels, terrorists, and fraudsters?This is a "follow the money" deep dive into how Howard Lutnick manages roughly $100 billion for <a href="/tags/tether/" rel="tag">#Tether</a>. Together they've created an offshore legal fiction by which neither bears any responsibility if that money ends up in the hands of sanctioned countries like <a href="/tags/iran/" rel="tag">#Iran</a> or <a href="/tags/northkorea/" rel="tag">#NorthKorea</a> or international criminal organizations like <a href="/tags/pigbutchering/" rel="tag">#PigButchering</a> frauds and weapons markets.Which is exactly where it ends up pretty much constantly. For bonus points $40 billion of those dollars came from Sam Bankman-Fried's FTX.Ω👇Ω <a href="https://cryptadamus.substack.com/p/trumps-transition-team-is-tethered" rel="nofollow" class="ellipsis" title="cryptadamus.substack.com/p/trumps-transition-team-is-tethered">https://cryptadamus.substack.com/p/trumps-transition-team-is-tethered</a><a href="/tags/uspol/" rel="tag">#USpol</a> <a href="/tags/uspolitics/" rel="tag">#USpolitics</a> <a href="/tags/trump/" rel="tag">#Trump</a> <a href="/tags/tenetmedia/" rel="tag">#TenetMedia</a> <a href="/tags/election2024/" rel="tag">#Election2024</a> <a href="/tags/2024election/" rel="tag">#2024Election</a> <a href="/tags/cantorfitzgerald/" rel="tag">#cantorfitzgerald</a> <a href="/tags/howardlutnick/" rel="tag">#HowardLutnick</a> <a href="/tags/usdt/" rel="tag">#USDT</a> <a href="/tags/terrorism/" rel="tag">#Terrorism</a> <a href="/tags/fraud/" rel="tag">#fraud</a> <a href="/tags/scams/" rel="tag">#scams</a> <a href="/tags/russia/" rel="tag">#Russia</a> <a href="/tags/theft/" rel="tag">#Theft</a> <a href="/tags/cartels/" rel="tag">#cartels</a> <a href="/tags/donaldtrump/" rel="tag">#DonaldTrump</a> <a href="/tags/sbf/" rel="tag">#SBF</a> <a href="/tags/crypto/" rel="tag">#crypto</a> <a href="/tags/cryptocurrency/" rel="tag">#cryptocurrency</a> <a href="/tags/bitcoin/" rel="tag">#bitcoin</a>

#TheCryptocalypseChronicles: Trump's Transition Team Is Tethered To Thievery (And Worse)

Howard Lutnick manages a huge pile of money for Tether, a sketchy offshore company whose name appears frequently in criminal indictments. He also just became co-chair of the Trump transition team.

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<a href="/tags/tether/" rel="tag">#Tether</a>, a company whose capital probably comes from <a href="/tags/china/" rel="tag">#China</a> and which earns 5% interest on ~$100 billion for doing nothing, has been branching out and investing in:1. a chinese bitcoin transaction processor (some call them "miners") manufacturer <a href="/tags/bitdeer/" rel="tag">#Bitdeer</a>2. random agriculture companies in argentina with a sub 3% ROI (less than Tether would get doing nothing and collecting 5%) <a href="https://t.co/R15JFCMRhD" rel="nofollow">https://t.co/R15JFCMRhD</a>3. <a href="/tags/satellogic/" rel="tag">#Satellogic</a>, a manufacturer of spy satellites that is currently losing $30-50 million per year (much less than the guaranteed 5%)to say this is shady would be an understatement but it is of a piece with some of Tether's other recent bailouts of allegedly fraudulent companies like <a href="/tags/northerndata/" rel="tag">#NorthernData</a> <a href="/tags/crypto/" rel="tag">#crypto</a> <a href="/tags/stablecoins/" rel="tag">#stablecoins</a> <a href="/tags/stablecoin/" rel="tag">#stablecoin</a> <a href="/tags/cryptocurrency/" rel="tag">#cryptocurrency</a> <a href="/tags/bitcoin/" rel="tag">#bitcoin</a> <a href="/tags/bitcoinmining/" rel="tag">#bitcoinmining</a> <a href="/tags/argentina/" rel="tag">#argentina</a> <a href="/tags/satl/" rel="tag">#SATL</a> <a href="/tags/adecoagro/" rel="tag">#Adecoagro</a> <a href="/tags/espionage/" rel="tag">#espionage</a> <a href="/tags/satellite/" rel="tag">#satellite</a> <a href="/tags/spy/" rel="tag">#spy</a> <a href="/tags/chinese/" rel="tag">#Chinese</a> <a href="/tags/jihanwu/" rel="tag">#JihanWu</a>

Tether has made significant investments in 2024, highlighting the purchase of a US $ 100 million stake in the mining company of Bitcoin Bitdeer, owned by Chinese billionaire Jihan Wu, with the option of acquiring an additional US $ 50 million in shares within one year.
Also, in April, Tether Investments Limited led a strategic investment of 30 million dollars in the Argentine Satellogic (SATL), through secured convertible notes, providing greater operational liquidity and financial flexibility for the company specialized in Earth observation.

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USDT issuer Tether has acquired a 9.8% stake in Latin American agricultural giant Adecoagro for $100 million to diversify its investments into the agriculture and food sectors. Adecoagro is a major milk producer in Argentina and manages more than 193,000 hectares of sugarcane crops in Brazil, producing refined sugar and ethanol. sec.gov/Archives/ edgar...

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<a href="https://www.theverge.com/ai-artificial-intelligence/822011/coreweave-debt-data-center-ai" rel="nofollow">The Verge article</a> about CoreWeave by Elizabeth Lopatto is amazing. Let’s start with some very recent history. CoreWeave is a data center company that pivoted in 2022 from crypto. (In 2021, CoreWeave made its money by… mining Ethereum.) Essentially, CoreWeave is a landlord for compute: companies pay for the use of its server racks for AI projects. ... CoreWeave chief executive officer Michael Intrator, a former hedge fund manager, ... “They have to continue to borrow to pay interest on the last loan.” So, - CoreWeave sits at the center of the AI bubble; - it used to be a crypto company and also gets its (electric) power from a Bitcoin mining company that makes no money and has CoreWeave as its only customer - it's positioned itself as a rentier; - its interest payments on previous loans exceed its revenue by a significant amount, so it's paying off loans with more loans and has already defaulted once; - it has essentially two customers, Microsoft and NVIDIA; - it has a loan from one of the actors implicated in the 2008 financial crash (Magnetar) - it's run by a finance guy, not a tech person - yet it's in the position of someone who takes out a new credit card to pay the interest on the previous credit card Yeah. Looks like crypto, and crypto's Ponzi scheme way of thinking, has slimed its way into the "real" economy after all. Oh and welcome back, global financial crash. We missed you. And eyyy, how you doing Enron long time no see: CoreWeave isn’t alone in its complex finances. Meta took on debt, using a SPV, for its own data centers. Unlike CoreWeave’s SPVs, the Meta SPV stays off its balance sheet. Elon Musk’s xAI is reportedly pursuing its own SPV deal. "Complex finances" are what companies engage in when there isn't any there there (SPVs were Enron's "financial innovation" too). Peter Thiel pulling his investments out of NVIDIA makes far more sense after reading this. Looks wobbly. It is perhaps time to discuss the enormous stock sales from CoreWeave’s management team. Before the company even went public, its founders sold almost half a billion dollars in shares. Then, insiders sold over $1 billion more immediately after the IPO lockup ended. ... “It’s noteworthy that people who have a good view on that business are cashing out,” says Leevi Saari, a fellow at the AI Now Institute. and of course It makes a certain kind of cynical sense to view CoreWeave itself as, effectively, a special purpose vehicle for Nvidia. <a href="/tags/ai/" rel="tag">#AI</a> <a href="/tags/genai/" rel="tag">#GenAI</a> <a href="/tags/generativeai/" rel="tag">#GenerativeAI</a> <a href="/tags/aibubble/" rel="tag">#AIBubble</a> <a href="/tags/coreweave/" rel="tag">#CoreWeave</a> <a href="/tags/corescientific/" rel="tag">#CoreScientific</a> <a href="/tags/microsoft/" rel="tag">#Microsoft</a> <a href="/tags/nvidia/" rel="tag">#NVIDIA</a> <a href="/tags/crypto/" rel="tag">#crypto</a> <a href="/tags/grift/" rel="tag">#grift</a> <a href="/tags/casinoeconomy/" rel="tag">#CasinoEconomy</a>

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Apparently there's another slave uprising (literally) at a Cambodian scam compound in Bavet City. This is what cryptocurrency has wrought.<a href="https://x.com/CyberScamWatch/status/1842186067304464402" rel="nofollow" class="ellipsis" title="x.com/CyberScamWatch/status/1842186067304464402">https://x.com/CyberScamWatch/status/1842186067304464402</a><a href="/tags/crypto/" rel="tag">#crypto</a> <a href="/tags/cryptocurrency/" rel="tag">#cryptocurrency</a> <a href="/tags/bitcoin/" rel="tag">#bitcoin</a> <a href="/tags/cambodia/" rel="tag">#cambodia</a> <a href="/tags/vietnam/" rel="tag">#vietnam</a> <a href="/tags/bavetcity/" rel="tag">#bavetCity</a> <a href="/tags/btc/" rel="tag">#BTC</a> <a href="/tags/tether/" rel="tag">#Tether</a> <a href="/tags/usdt/" rel="tag">#USDT</a>

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As with crypto, so with AI: A $1.5 billion AI company backed by Microsoft has shuttered after its ‘neural network’ was discovered to actually be hundreds of computer engineers based in India. <a href="https://www.dexerto.com/entertainment/ai-company-files-for-bankruptcy-after-being-exposed-as-700-human-engineers-3208136/" rel="nofollow" class="ellipsis" title="www.dexerto.com/entertainment/ai-company-files-for-bankruptcy-after-being-exposed-as-700-human-engineers-3208136/">https://www.dexerto.com/entertainment/ai-company-files-for-bankruptcy-after-being-exposed-as-700-human-engineers-3208136/</a> <a href="/tags/ai/" rel="tag">#AI</a> <a href="/tags/genai/" rel="tag">#GenAI</a> <a href="/tags/generativeai/" rel="tag">#GenerativeAI</a> <a href="/tags/crypto/" rel="tag">#crypto</a> <a href="/tags/scam/" rel="tag">#scam</a> <a href="/tags/grift/" rel="tag">#grift</a> <a href="/tags/dev/" rel="tag">#dev</a> <a href="/tags/tech/" rel="tag">#tech</a> <a href="/tags/con/" rel="tag">#con</a> <a href="/tags/aicon/" rel="tag">#AICon</a>

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1y

U.S. Housing Agency Considers Launching Crypto Experiment —The Department of Housing and Urban Development, which oversees billions in aid and insures more than a trillion dollars in mortgages, is pondering using the blockchain and a stablecoin. One HUD official derided it as “monopoly money.”<a href="https://www.propublica.org/article/hud-considers-crypto-blockchain-stablecoin-housing-urban-development?utm_source=mastodon&utm_medium=social&utm_campaign=mastodon-post" rel="nofollow" class="ellipsis" title="www.propublica.org/article/hud-considers-crypto-blockchain-stablecoin-housing-urban-development?utm_source=mastodon&utm_medium=social&utm_campaign=mastodon-post">https://www.propublica.org/article/hud-considers-crypto-blockchain-stablecoin-housing-urban-development?utm_source=mastodon&utm_medium=social&utm_campaign=mastodon-post</a><a href="/tags/news/" rel="tag">#News</a> <a href="/tags/housing/" rel="tag">#Housing</a> <a href="/tags/crypto/" rel="tag">#Crypto</a> <a href="/tags/government/" rel="tag">#Government</a> <a href="/tags/uspolitics/" rel="tag">#USPolitics</a> <a href="/tags/trump/" rel="tag">#Trump</a> <a href="/tags/blockchain/" rel="tag">#Blockchain</a>

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1y

<a href="https://flipboard.social/@mike" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@mike</a>'s terrific fireside chat with <a href="https://hachyderm.io/@molly0xfff" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@molly0xfff</a> on digital sovereignty, aka technological self-determination (taking control of your digital life and data), is up on the SXSW site. Don’t sleep on this talk, especially if you’re a writer or other kind of creator. With plenty of high-quality Q&A too, one person in the audience said it was “worth the badge.” <a href="https://schedule.sxsw.com/2025/events/PP147154" rel="nofollow" class="ellipsis" title="schedule.sxsw.com/2025/events/PP147154">https://schedule.sxsw.com/2025/events/PP147154</a>(We’re working on getting all the panels and talks from the <a href="/tags/fediversehouse/" rel="tag">#FediverseHouse</a> edited and posted. We’ll be back when they’re up.)<a href="/tags/sxsw/" rel="tag">#sxsw</a> <a href="/tags/sxsw2025/" rel="tag">#sxsw2025</a> <a href="/tags/creator/" rel="tag">#creator</a> <a href="/tags/creators/" rel="tag">#creators</a> <a href="/tags/creatoreconomy/" rel="tag">#creatoreconomy</a> <a href="/tags/writers/" rel="tag">#writers</a> <a href="/tags/crypto/" rel="tag">#crypto</a>

Edited 1y ago

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285d

Great, informative writeup of Cryptographic Gotchas: <a href="https://gotchas.salusa.dev/" rel="nofollow">https://gotchas.salusa.dev/</a>Lots of fantastic references and links in there, too.<a href="/tags/cryptography/" rel="tag">#cryptography</a> <a href="/tags/crypto/" rel="tag">#crypto</a> <a href="/tags/security/" rel="tag">#security</a> <a href="/tags/infosec/" rel="tag">#infosec</a>

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124d

ANNOUNCEMENT! <a href="/tags/dcg201/" rel="tag">#DCG201</a> Co-Founder Sidepocket will be speaking about <a href="/tags/hacking/" rel="tag">#hacking</a> <a href="/tags/crypto/" rel="tag">#crypto</a> <a href="/tags/blovkchain/" rel="tag">#blovkchain</a> <a href="/tags/web3/" rel="tag">#web3</a> at Coinspiracy NYC TOMORROW, Wednesday, doors open at 6:30 PM EST.Also <a href="/tags/piratechain/" rel="tag">#PirateChain</a> a performance by The <a href="/tags/coinheads/" rel="tag">#Coinheads</a> and secret John <a href="/tags/mcafee/" rel="tag">#Mcafee</a> tapes! 👀<a href="https://luma.com/coinspiracy" rel="nofollow">https://luma.com/coinspiracy</a><a href="https://defcon.social/@defcon" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@defcon</a>

ALT

Edited 124d ago

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364d

I think it's wild that cryptocurrencies are also crashing along with the US stock market. I mean, I feel like they're doomed to crash generally but there legitimately seemed to be enthusiasm in that industry that Trump would make the line go up. <a href="/tags/trumprecession/" rel="tag">#TrumpRecession</a> <a href="/tags/trumpcrash/" rel="tag">#TrumpCrash</a> <a href="/tags/crypto/" rel="tag">#crypto</a> <a href="/tags/cryptocurrency/" rel="tag">#cryptocurrency</a> <a href="/tags/bitcoin/" rel="tag">#bitcoin</a> <a href="/tags/useconomy/" rel="tag">#USEconomy</a> <a href="/tags/uspol/" rel="tag">#USPol</a>

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1y

Representatives Demand Housing Agency Halt Any Cryptocurrency Experiments —Following reporting by ProPublica, three Democrats on the House Financial Services Committee have warned HUD against using crypto, which they said could be “dangerous, speculative, and harmful to working families.” <a href="https://www.propublica.org/article/hud-cryptocurrency-blockchain-democrats-maxine-waters?utm_source=mastodon&utm_medium=social&utm_campaign=mastodon-post" rel="nofollow" class="ellipsis" title="www.propublica.org/article/hud-cryptocurrency-blockchain-democrats-maxine-waters?utm_source=mastodon&utm_medium=social&utm_campaign=mastodon-post">https://www.propublica.org/article/hud-cryptocurrency-blockchain-democrats-maxine-waters?utm_source=mastodon&utm_medium=social&utm_campaign=mastodon-post</a><a href="/tags/news/" rel="tag">#News</a> <a href="/tags/housing/" rel="tag">#Housing</a> <a href="/tags/tech/" rel="tag">#Tech</a> <a href="/tags/congress/" rel="tag">#Congress</a> <a href="/tags/democrats/" rel="tag">#Democrats</a> <a href="/tags/crypto/" rel="tag">#Crypto</a> <a href="/tags/cryptocurrency/" rel="tag">#Cryptocurrency</a>

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249d

The war on crypto never ends. The war on privacy, civil rights, security and freedom of speech never ends.This time we are dangerously close to lose. The "Child Sexual Abuse" (CSA) EU regulation proposal, more aptly nicknamed "ChatControl", will be voted AGAIN this October, and many countries who opposed it last year are now undecided. The proposal at its roots aims at allowing authorities to break end-to-end encryption for the usual reason: "because of the children". As a father of two, I am disgusted by this recurring, cheap rhetoric.What you can do: <a href="https://www.patrick-breyer.de/en/posts/chat-control/#WhatYouCanDo" rel="nofollow" class="ellipsis" title="www.patrick-breyer.de/en/posts/chat-control/#WhatYouCanDo">https://www.patrick-breyer.de/en/posts/chat-control/#WhatYouCanDo</a><a href="/tags/eu/" rel="tag">#eu</a> <a href="/tags/csa/" rel="tag">#CSA</a> <a href="/tags/csam/" rel="tag">#CSAM</a> <a href="/tags/chatcontrol/" rel="tag">#ChatControl</a> <a href="/tags/privacy/" rel="tag">#privacy</a> <a href="/tags/security/" rel="tag">#security</a> <a href="/tags/surveillance/" rel="tag">#surveillance</a> <a href="/tags/authoritarianism/" rel="tag">#authoritarianism</a> <a href="/tags/crypto/" rel="tag">#crypto</a> <a href="/tags/cryptography/" rel="tag">#cryptography</a> <a href="/tags/civilrights/" rel="tag">#civilrights</a>

An excerpt from Patrick Breyer's website, stating:

The End of the Privacy of Digital Correspondence

The EU Commission proposes to oblige providers to search all private chats, messages, and emails automatically for suspicious content – generally and indiscriminately. The stated aim: To prosecute child sexual exploitation material (CSEM). The result: Mass surveillance by means of fully automated real-time surveillance of messaging and chats and the end of privacy of digital correspondence.

Other aspects of the proposal include ineffective network blocking, screening of personal cloud storage including private photos, mandatory age verification resulting in the end of anonymous communication, appstore censorship and excluding minors from the digital world.

ALT

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227d

What do you ( <a href="/tags/fediverse/" rel="tag">#fediverse</a> ) think of a social networking done on (via) the <a href="/tags/blockchain/" rel="tag">#blockchain</a> ? Are there working proof of concept implementations? Since <a href="https://mitra.social/users/silverpill" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@silverpill</a> already working on PKI\cryptography for fediverse, blockchain seems like a next evolutionary step for social networking, since it's just distributed (cryptographic) database. I'm sorry that I lack resources & haven't put enough effort researching <a href="/tags/crypto/" rel="tag">#crypto</a>, <a href="/tags/freenet/" rel="tag">#freenet</a> , <a href="/tags/hyphanet/" rel="tag">#hyphanet</a> . But it seems to me kinda on topic, So I want to hear from people. Maybe I want to hear from people like <a href="https://rollenspiel.social/@ArneBab" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@ArneBab</a> & <a href="https://mitra.social/users/silverpill" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@silverpill</a> I don't know here anyone else who work on <a href="/tags/p2p/" rel="tag">#p2p</a> social networking.

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105d

The US Democratic party has been abjectly failing in so many ways. This is such a sad and frustrating read on the failures with respect to cryptocurrency regulation: <a href="https://lpeproject.org/blog/inside-the-failure-to-regulate-stablecoins/" rel="nofollow" class="ellipsis" title="lpeproject.org/blog/inside-the-failure-to-regulate-stablecoins/">https://lpeproject.org/blog/inside-the-failure-to-regulate-stablecoins/</a> What was and still is at stake is the balance between technology and humanity struck by the US federal government. The same incoherence that led us to where we are with crypto is almost surely also at play with the apparent lack of movement around generative AI. <a href="/tags/uspol/" rel="tag">#USPol</a> <a href="/tags/democrats/" rel="tag">#democrats</a> <a href="/tags/democraticparty/" rel="tag">#DemocraticParty</a> <a href="/tags/crypto/" rel="tag">#crypto</a> <a href="/tags/cryptocurrency/" rel="tag">#cryptocurrency</a> <a href="/tags/stablecoins/" rel="tag">#StableCoins</a> <a href="/tags/shadowbanking/" rel="tag">#ShadowBanking</a> <a href="/tags/regulation/" rel="tag">#regulation</a> <a href="/tags/ai/" rel="tag">#AI</a> <a href="/tags/genai/" rel="tag">#GenAI</a>

Edited 105d ago

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105d

Top DOJ Official Shut Down Enforcement Against Crypto Companies While Holding More Than $150,000 in Crypto Investments ---The second-highest official at the DOJ, Todd Blanche rose to prominence as Trump’s personal defense attorney. His actions violated the federal conflicts of interest law and his ethics agreement, experts told ProPublica. <a href="https://www.propublica.org/article/todd-blanche-crypto-doj-trump?utm_source=mastodon&utm_medium=social&utm_campaign=mastodon-post" rel="nofollow" class="ellipsis" title="www.propublica.org/article/todd-blanche-crypto-doj-trump?utm_source=mastodon&utm_medium=social&utm_campaign=mastodon-post">https://www.propublica.org/article/todd-blanche-crypto-doj-trump?utm_source=mastodon&utm_medium=social&utm_campaign=mastodon-post</a><a href="/tags/news/" rel="tag">#News</a> <a href="/tags/doj/" rel="tag">#DOJ</a> <a href="/tags/ethics/" rel="tag">#Ethics</a> <a href="/tags/crypto/" rel="tag">#Crypto</a> <a href="/tags/law/" rel="tag">#Law</a> <a href="/tags/transparency/" rel="tag">#Transparency</a> <a href="/tags/stocks/" rel="tag">#Stocks</a> <a href="/tags/trump/" rel="tag">#Trump</a> <a href="/tags/uspolitics/" rel="tag">#USPolitics</a>

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169d

"Don't Wanna Be Called <a href="/tags/nazi/" rel="tag">#nazi</a> Don't Do Nazi Sh*t" <a href="https://www.blueamp.co/p/young-republicans-and-congressman" rel="nofollow" class="ellipsis" title="www.blueamp.co/p/young-republicans-and-congressman">https://www.blueamp.co/p/young-republicans-and-congressman</a> "These Young Rs are 'no one swiped right' in human formAnd what's w 'young' for <a href="/tags/maga/" rel="tag">#MAGA</a> lasting til minoxidil's a thing? Hell, they prob had their 1st <a href="/tags/crypto/" rel="tag">#crypto</a> scams a decade+ ago" <a href="/tags/news/" rel="tag">#news</a> <a href="/tags/politics/" rel="tag">#politics</a> <a href="/tags/fascist/" rel="tag">#fascist</a> <a href="/tags/tech/" rel="tag">#tech</a> <a href="/tags/media/" rel="tag">#media</a> <a href="/tags/press/" rel="tag">#press</a> #<a href="/tags/youngrepublicans/" rel="tag">#youngrepublicans</a> <a href="/tags/trump/" rel="tag">#trump</a> <a href="/tags/ai/" rel="tag">#ai</a> <a href="/tags/donaldtrump/" rel="tag">#donaldtrump</a> <a href="/tags/eu/" rel="tag">#eu</a> <a href="/tags/tv/" rel="tag">#tv</a>

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