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satoshin • Jul 13, 2023, 9:56 am EDT

U.S. Authorities Sue Alex Mashinsky, the Former CEO of the Bankrupt Crypto Lender, Celsius Network Ltd.

According to reports Thursday, the former Chief Executive Officer of the insolvent crypto lending platform, Celsius Network Ltd., Alex Mashinsky, was arrested and charged with fraud in a federal court in New York. The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) simultaneously filed lawsuits against Mashinsky and his company. Mashinsky, once infamous for telling customers “banks are not your friends” is now friend to no one and stands accused of executing a deceptive operation designed to defraud Celsius Network customers, as detailed in the indictment, which spanned from 2018 to June 2022. The indictment alleges

3 minutes

arusso • Jul 7, 2023, 4:54 pm EDT

Kraken Ordered to partially comply with IRS request – Judge rejects agency’s privacy overreach

In a recent court ruling, the prominent cryptocurrency exchange, Kraken, has been ordered by a federal court to provide the Internal Revenue Service (IRS) with user account and transaction information. This decision stems from an IRS allegation that Kraken users may have underreported their taxes.

3 minutes

satoshin • May 30, 2017, 7:57 am EDT

Tokens are early today, but will transform technology tomorrow.

Thoughts on Tokens – Balaji S. Srinivasan By Balaji S. Srinivasan and Naval Ravikant The exponential rise of non-Bitcoin tokens prior to the coming correction. Data from coinmarketcap.com/charts In 2014, we wrote that “Bitcoin is more than money, and more than a protocol. It’s a model and platform for true crowdfunding — open, distributed, and liquid all the way.” That new model is here, and it’s based on the idea of an appcoin or token: a scarce digital asset based on underlying technology inspired by Bitcoin. While indisputably frothy, as of this writing the token sector sits at a combined market cap

14 minutes