Which historical bubble is most like the crypto bubble? — by William Quinn – Attack of the 50 Foot Blockchain

[ad_1] By guest post William Quinn In 2020, John Turner and I published a history of financial bubbles: Boom and Bust: A Global History of Financial Bubbles (Cambridge University Press, 2020). At the end we wrote about the 2017 crypto bubble and thought it had run its course…but a few months later, it bubbled back … Read more

Gemini vs DCG, New York charges Mashinsky in Celsius, Voyager sale troubles, Silvergate troubles, Wintermute – Attack of the 50 Foot Blockchain

[ad_1] By Amy Castor and David Gerard We’re all trying to find the guy who did this, but in stereo The blame game: Gemini versus DCG We’ve reached the stage in the crypto collapse where everyone is pointing at someone else. Everyone is a hero, and they’re going to work ceaselessly to find the guy … Read more

the Digital Assets Issuance Law – Attack of the 50 Foot Blockchain

[ad_1] Here’s the latest from El Salvador’s bitcoin adventure: Tether’s enabling law for Bitcoin Volcano Bonds — sorry, Volcano Tokens — has been written and passed at long last. El Salvador scraped together the $604 million to pay its January 2023 international bond — by starving public services, as sovereign debt markets expect. President Bukele’s … Read more

US banks leave crypto, how Genesis kept Gemini hanging on, FTX, Binance, Nexo – Attack of the 50 Foot Blockchain

[ad_1] By Amy Castor and David Gerard “Normalize thinking of con artistry as a predatory crime that largely targets the vulnerable rather than a glamorous caper.” — James Palmer Europe 1916 by Boardman Robinson How Genesis kept Gemini hanging on As a group, Gemini Earn’s retail customers are the largest creditor of Genesis. According to … Read more

Your 100%* reliable guide to the future of crypto in 2023! – Attack of the 50 Foot Blockchain

[ad_1] By Amy Castor And David Gerrard With all these crypto buyers, there are plenty of intakes to facilitate divination. So, it is time to change our inner state Maren Altman See What Blockchain Says Will Happen in 2023! Our 2022 predictions were right on almost everything – except that we underestimated the power of … Read more

Twitter’s decline continues — follow me on Mastodon – Attack of the 50 Foot Blockchain

[ad_1] Twitter slowly breaks down, basic functionality fails, Elon Musk is the new founder of Twitter. Kicks any journalist who annoys him — and I can’t log in! So I declare that my Twitter is in a managed downfall. Follow me on Mastodon instead. Who uses Vodafone anyway? I mostly use Twitter from my laptop. … Read more

Regulatory altruism at FTX — Sam Bankman-Fried arrested – Attack of the 50 Foot Blockchain

[ad_1] By Amy Castor And David Gerrard “Sailors don’t need to worry about rats swimming ashore, it’s rat-noah watching cockroaches march two by two onto a small ark.” – Cyrano4747 (SomethingAwful) reduces their FTX investment in Sequoia to $0 By image npcdad on Reddit What are you going to do, arrest me? “Take the money … Read more

Big Crypto’s struggles with basic accounting and economics — by Martin Walker – Attack of the 50 Foot Blockchain

[ad_1] By guest post Martin Walker Leaders of “Big Crypto” have great trouble understanding the basic concepts of conventional finance – such as balance sheets, auditing and liquidity. Changpeng Zhao, aka “CZ” of Finance Cryptocurrency Exchange, recently described How they managed $580 million in FTT crypto tokens: “We never touched it, literally forgot about it.” … Read more