Recent searches

No recent searches

Search options

Not available on mastodon.zunda.ninja.
mastodon.zunda.ninja is one of the many independent Mastodon servers you can use to participate in the fediverse.
Zundon is a single user instance as home of @zundan as well as a test bed for changes of the code.

Administered by:

Server stats:

1
active users

mastodon.zunda.ninja: AboutPrivacy policy

Mastodon: AboutGet the appKeyboard shortcutsView source codev4.5.0-alpha.2+e8594dab-ruby-3.4.5

#cryptocurrency

0 posts0 participants0 posts today
Molly White<p>The prosecution's flailing attempts to navigate around the Blanche memo exemplify the incoherence of the Trump administration's approach to cryptocurrency enforcement: carveouts for powerful allies while continuing aggressive prosecutions to avoid appearing soft on cybercrime.</p><p><a href="https://hachyderm.io/tags/crypto" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>crypto</span></a> <a href="https://hachyderm.io/tags/cryptocurrency" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>cryptocurrency</span></a> <a href="https://hachyderm.io/tags/USpol" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USpol</span></a> <a href="https://hachyderm.io/tags/USpolitics" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USpolitics</span></a></p>
Molly White<p>Prosecutors have tried to recover the testimony by bringing in an FBI agent to testify that the scam victim’s funds were sent to Tornado, using an accounting practice known as LIFO. Problem is, that doesn’t really work for crypto tracing — as the agent acknowledged.</p><p><a href="https://hachyderm.io/tags/crypto" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>crypto</span></a> <a href="https://hachyderm.io/tags/cryptocurrency" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>cryptocurrency</span></a> <a href="https://hachyderm.io/tags/USpol" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USpol</span></a> <a href="https://hachyderm.io/tags/USpolitics" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USpolitics</span></a></p>
Molly White<p>But shortly after this testimony, crypto sleuths discovered that the scam victim’s funds likely never were laundered through Tornado Cash at all.</p><p>Not only that, the “crypto recovery” service used by the victim may have been one identified by the FBI as a scam known for producing “incomplete or inaccurate tracing report[s]” (though this may be a separate company sharing a name, or impersonating a legitimate business).</p><p><a href="https://hachyderm.io/tags/crypto" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>crypto</span></a> <a href="https://hachyderm.io/tags/cryptocurrency" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>cryptocurrency</span></a> <a href="https://hachyderm.io/tags/USpol" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USpol</span></a> <a href="https://hachyderm.io/tags/USpolitics" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USpolitics</span></a></p>
Molly White<p>Then, prosecutors called as a witness a woman who had fallen victim to a $250,000 cryptocurrency scam. Their argument seems to have been that Tornado Cash developers should have helped her in ways that were technologically impossible.</p><p><a href="https://hachyderm.io/tags/crypto" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>crypto</span></a> <a href="https://hachyderm.io/tags/cryptocurrency" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>cryptocurrency</span></a> <a href="https://hachyderm.io/tags/USpol" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USpol</span></a> <a href="https://hachyderm.io/tags/USpolitics" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USpolitics</span></a></p>
Molly White<p>That contortion is just one of several flaws in a prosecution that has been plagued by embarrassing blunders, including misattributing to a Tornado Cash developer text messages that were actually sent by a reporter.</p><p><a href="https://hachyderm.io/tags/crypto" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>crypto</span></a> <a href="https://hachyderm.io/tags/cryptocurrency" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>cryptocurrency</span></a> <a href="https://hachyderm.io/tags/USpol" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USpol</span></a> <a href="https://hachyderm.io/tags/USpolitics" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USpolitics</span></a></p>
Molly White<p>As the prosecution of Tornado Cash developer Roman Storm unfolds, the government’s theory is colliding with Trump administration policies that have left prosecutors arguing Storm should have followed compliance rules they’re no longer allowed to say he was required to follow.</p><p><a href="https://www.citationneeded.news/tornado-cash-roman-storm-prosecution/" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">citationneeded.news/tornado-ca</span><span class="invisible">sh-roman-storm-prosecution/</span></a></p><p><a href="https://hachyderm.io/tags/crypto" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>crypto</span></a> <a href="https://hachyderm.io/tags/cryptocurrency" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>cryptocurrency</span></a> <a href="https://hachyderm.io/tags/USpolitics" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USpolitics</span></a> <a href="https://hachyderm.io/tags/USpol" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USpol</span></a></p>
Molly White<p>All this, plus MoonPay executives seemingly getting scammed out of a Trump inaugural fund donation, Elon Musk’s “America Party’s” stance on bitcoin, and the end of another crypto island project in this week’s issue of Citation Needed.</p><p>As always, this publication is fully reader-supported. If you value Citation Needed, a pay-what-you-want subscription helps me keep reporting, researching, and writing.</p><p><a href="https://www.citationneeded.news/signup" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="">citationneeded.news/signup</span><span class="invisible"></span></a></p><p><a href="https://hachyderm.io/tags/crypto" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>crypto</span></a> <a href="https://hachyderm.io/tags/cryptocurrency" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>cryptocurrency</span></a> <a href="https://hachyderm.io/tags/USpol" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USpol</span></a> <a href="https://hachyderm.io/tags/USpolitics" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USpolitics</span></a></p>
Molly White<p>Crypto firms Circle, Ripple, and BitGo are looking to become banks, and their applications will go to the newly confirmed Comptroller of the Currency, former blockchain executive Jonathan Gould.</p><p><a href="https://hachyderm.io/tags/crypto" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>crypto</span></a> <a href="https://hachyderm.io/tags/cryptocurrency" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>cryptocurrency</span></a> <a href="https://hachyderm.io/tags/USpol" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USpol</span></a> <a href="https://hachyderm.io/tags/USpolitics" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USpolitics</span></a></p>
Molly White<p>I wrote in November that “If Trump succeeds with his plans to defang the SEC, I expect [WLFI token sale] limitations to swiftly change — likely significantly financially benefiting Trump and his family”.</p><p>Guess what?</p><p><a href="https://hachyderm.io/tags/crypto" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>crypto</span></a> <a href="https://hachyderm.io/tags/cryptocurrency" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>cryptocurrency</span></a> <a href="https://hachyderm.io/tags/USpol" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USpol</span></a> <a href="https://hachyderm.io/tags/USpolitics" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USpolitics</span></a></p>
Molly White<p>Shady crypto billionaire Justin Sun is looking to pour another $100 million into Trump’s crypto projects. At least $56 million of Sun’s money has gone directly to Trump or family members; that number could nearly triple depending on details of the planned token purchase.</p><p><a href="https://hachyderm.io/tags/crypto" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>crypto</span></a> <a href="https://hachyderm.io/tags/cryptocurrency" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>cryptocurrency</span></a> <a href="https://hachyderm.io/tags/USpol" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USpol</span></a> <a href="https://hachyderm.io/tags/USpolitics" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USpolitics</span></a></p>
Molly White<p>During “Crypto Week”, Congress will also be considering an Anti-CBDC Surveillance State Act. While Republicans decry purely hypothetical CBDC surveillance, they celebrated crypto’s actual surveillance capabilities at the recent Senate hearing.</p><p><a href="https://hachyderm.io/tags/crypto" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>crypto</span></a> <a href="https://hachyderm.io/tags/cryptocurrency" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>cryptocurrency</span></a> <a href="https://hachyderm.io/tags/USpol" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USpol</span></a> <a href="https://hachyderm.io/tags/USpolitics" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USpolitics</span></a></p>
Molly White<p>Two Republicans took time at the hearing to attack legislators and witnesses for so much as mentioning the influence of the crypto lobby, or Trump’s personal crypto ventures. They don’t want people even mentioning crypto's hundreds of millions of dollars in spending on Congress.</p><p><a href="https://hachyderm.io/tags/crypto" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>crypto</span></a> <a href="https://hachyderm.io/tags/cryptocurrency" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>cryptocurrency</span></a> <a href="https://hachyderm.io/tags/USpol" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USpol</span></a> <a href="https://hachyderm.io/tags/USpolitics" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USpolitics</span></a></p>
Molly White<p>Experts are issuing dire warnings on bills that would allow for activity like this. Professor Richard Painter implored: “We do not want another economic collapse caused by deregulation of financial services sector. ... Please, we don't want to go through those experiences again.”</p><p><a href="https://hachyderm.io/tags/crypto" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>crypto</span></a> <a href="https://hachyderm.io/tags/cryptocurrency" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>cryptocurrency</span></a> <a href="https://hachyderm.io/tags/USpol" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USpol</span></a> <a href="https://hachyderm.io/tags/USpolitics" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USpolitics</span></a></p>
Molly White<p>By encasing stocks in a blockchainy wrapper, companies like Robinhood are hoping to tap into lucrative equities markets while sidestepping the expensive compliance and oversight requirements of traditional American brokerages and exchanges.</p><p><a href="https://hachyderm.io/tags/crypto" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>crypto</span></a> <a href="https://hachyderm.io/tags/cryptocurrency" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>cryptocurrency</span></a> <a href="https://hachyderm.io/tags/USpol" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USpol</span></a> <a href="https://hachyderm.io/tags/USpolitics" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USpolitics</span></a></p>
Molly White<p>Newsletter: Crypto firms hope putting a blockchain veneer on traditional equities will allow them to sidestep lessons learned in the 1929 Wall Street crash, crypto firms look to become banks, and Congress celebrates crypto surveillance while claiming to outlaw it</p><p><a href="https://www.citationneeded.news/issue-88/" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="">citationneeded.news/issue-88/</span><span class="invisible"></span></a></p><p><a href="https://hachyderm.io/tags/crypto" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>crypto</span></a> <a href="https://hachyderm.io/tags/cryptocurrency" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>cryptocurrency</span></a> <a href="https://hachyderm.io/tags/USpol" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USpol</span></a> <a href="https://hachyderm.io/tags/USpolitics" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USpolitics</span></a></p>
Molly White<p>Official announcement has come out from Magic Eden. No promotion yet from Trump’s end.</p><p><a href="https://hachyderm.io/tags/crypto" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>crypto</span></a> <a href="https://hachyderm.io/tags/cryptocurrency" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>cryptocurrency</span></a> <a href="https://hachyderm.io/tags/USpol" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USpol</span></a> <a href="https://hachyderm.io/tags/USpolitics" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USpolitics</span></a></p>
Molly White<p>UPDATE: Since I published, the waitlist website has added a segment reading “Magic Eden partnered with GetTrumpMemes.​com to create the first and only $​TRUMP Wallet”. This suggests it is indeed Fight Fight Fight LLC (Bill Zanker) behind it.</p><p><a href="https://hachyderm.io/tags/crypto" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>crypto</span></a> <a href="https://hachyderm.io/tags/cryptocurrency" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>cryptocurrency</span></a> <a href="https://hachyderm.io/tags/USpol" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USpol</span></a> <a href="https://hachyderm.io/tags/USpolitics" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USpolitics</span></a></p>
Molly White<p>Magic Eden and spokespeople for President Trump did not immediately respond to inquiries about the project.</p><p><a href="https://hachyderm.io/tags/crypto" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>crypto</span></a> <a href="https://hachyderm.io/tags/cryptocurrency" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>cryptocurrency</span></a> <a href="https://hachyderm.io/tags/USpol" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USpol</span></a> <a href="https://hachyderm.io/tags/USpolitics" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USpolitics</span></a></p>
Molly White<p>The deal raises additional regulatory questions, especially as decentralized finance apps are being explicitly carved out from regulatory oversight by Trump-championed crypto bills being considered in Congress as we speak.</p><p><a href="https://hachyderm.io/tags/crypto" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>crypto</span></a> <a href="https://hachyderm.io/tags/cryptocurrency" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>cryptocurrency</span></a> <a href="https://hachyderm.io/tags/USpol" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USpol</span></a> <a href="https://hachyderm.io/tags/USpolitics" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USpolitics</span></a></p>
Molly White<p>Magic Eden and Trump have some history prior to this deal, with several executives attending his memecoin dinner in late May, and a partnership pertaining to Trump NFTs last year.</p><p><a href="https://hachyderm.io/tags/crypto" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>crypto</span></a> <a href="https://hachyderm.io/tags/cryptocurrency" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>cryptocurrency</span></a> <a href="https://hachyderm.io/tags/USpol" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USpol</span></a> <a href="https://hachyderm.io/tags/USpolitics" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USpolitics</span></a></p>
TrendingLive feeds
About