Twitter Gets Hacked
Over the past few hours, several BIG Twitter pages have been compromised by hackers. While everyone's scrambling to figure out what's going on... and how an attack like this actually happens, one thing is for certain: This is a coordinated attack on crypto and it's making Twitter look pretty bad.
Big-name hacked accounts: Binance Gemini Coinbase Vitalik Buterin Joe Biden Obama Elon Musk Warren Buffett Bill Gates Jeff Bezos ...And so so many more that it's mind-boggling at this point.
Related content: So far, it appears the hackers haven't gotten away with much. (They could of made millions by now if you think about it.)
The first comment here unpacks an entirely new layer to the story. In our opinion, this makes the most sense so far.
A guy with deep pockets is actually giving away BTC for free online. Great idea in theory, sure. Terrible idea considering how it inadvertently helps scammers. |
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Crypto Exchange Coinbase Readies Landmark Stock Market Listing
According to an exclusive from Reuters, Coinbase has started plans for a stock market listing that could come as early as this year.
Valued at more than $8 billion in its latest private fundraising round in 2018, it is exploring going public via a direct listing instead of a traditional initial public offering (IPO). Some people are even wondering if Coinbase will do a token offering in addition to a traditional offering.
If the listing is approved by the SEC, it would make Coinbase the first cryptocurrency exchange to go public, and the first major cryptocurrency unicorn to go public outside the mining industry.
All of this comes at a time when Coinbase is reportedly providing its blockchain analytics software to the U.S. Secret Service, according to a public record obtained by The Block. The reporting caused CEO, Brian Armstrong, to take to Twitter to explain himself.
CZ, CEO of Binance, had an interesting take on this...
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BlockFi is Looking to Hire a CFO Ahead of Possible IPO in 2021
Speaking of public offerings...
Crypto lender BlockFi is looking to hire a veteran corporate financial professional to spearhead a possible public market debut in 2021.
Remember, this is the same company that recently grappled with a data breach that revealed customers information.
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Breaking: The #1 Investment of the Decade
I just got back from Trump Tower... And based on what I saw there, I'm prepared to put my reputation on the line.
Since 2016, my investment recommendations have averaged 154% per year. However, one investment I just uncovered could top them all... It involves President Trump, billions of dollars, huge banks, as well as Warren Buffett. Not to mention a MAJOR upgrade to our credit and debit cards...
See for yourself!
If you make just one investment in this new decade, I recommend this be it. |
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Crypto Companies Took PPP Loans
The U.S. Small Business Administration (SBA) published new information about the recipients of the coronavirus-linked Payroll Protection Program on Monday.
The data revealed more than 75 companies in the blockchain and cryptocurrency industry collected at least $30M in payroll loans from the U.S. government.
Notable recipients include:
ConsenSys, Polychain Capital, Circle, Messari, The Block, Unchained Capital, Storj, Civic, Nebulous, Civic, IOHK, TokenTax, Algorand, Radar Relay, SALT, Dharma Labs, Blockfolio, CipherTrace, Abra, MyCrypto, MyEtherWallet, Bittrex, bitFlyer, Electric Coin Company, Factom, Lukka Tax, ShapeShift
...And many, many more as seen here and here.
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The Rise of StableCoins
After it took 5 years for the StableCoin supply to reach 6 billion, it only took another 4 months for it to grow from 6 billion to 12 billion following the March 12th crypto crash.
To understand why this is happening, Nate Maddrey of CoinMetrics followed the data in this monster report, starting from the very beginning of StableCoins.
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Bitfinex Must Face New York Allegations Over $850M in Lost Funds, Appeals Court Rules
The cryptocurrency exchange Bitfinex must face claims by New York state that it hid the loss of commingled client and corporate funds, a state appeals court ruled Thursday.
New York prosecutors alleged in April 2019 that Bitfinex lost $850 million and then used money from affiliated stablecoin Tether to cover the loss.
“Not even virtual currencies are above the law.”
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A Rare Glimpse Into How Crypto Is Really Used in Venezuela
Over the past two years, many Bitcoin believers donated cryptocurrency to initiatives in Venezuela, often holding up the small nation as the pinnacle example of the technology’s potential.
The truth on the ground is much more nuanced. Here's how it went.
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Do anti-encryption bills in Congress pose a risk to cryptocurrency? |
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