The potential for crypto in 2022 is higher than it’s ever been. All signs point towards continued adoption throughout the year. Russia passing crypto-friendly legislation will place pressure on other countries to do the same. Companies like Walmart and Tesla are going to continue adoption of digital assets into their business’. Bitcoin, for the foreseeable future, still reigns supreme with its $826 billion market cap and continued accumulation from large companies and countries. Just because Bitcoin is still the most popular, doesn’t mean that there isn’t value investing in other assets. During 2022 we saw many tokens make parabolic leaps in price during the bull runs. Very few in crypto…
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Alleged Rapper Razzlekhan ‘The Crocodile of Wall Street’ and Her Husband Arrested for the Theft of Over $3 Billion in Bitcoin
Solen crypto seized linked directly to 2016 Bitfinex hack
Wow Heather Morgan, Forbes contributor and rapper, and her husband Ilya Lichtenstein were arrested on Tuesday in Manhattan. The couple had in their possession roughly $3.6 billion in Bitcoin, which was hacked from Hong Kong exchange Bitfinex in 2016. The Justice Department reports that this seizure of crypto is its largest financial seizure to date. The charges going against the couple are conspiracy to launder money, and conspiracy to defraud the US. It is still unclear if they were the ones who orchestrated the hack. The couple allegedly laundered the money through a series of crypto wallets and transactions, and up until recently did a good job of it, they…
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Crypto and Super Bowl LVI
Several companies are spending millions on Super Bowl advertising, but is that a good thing?
Learn for yourself Jimmy Butler, a popular Miami NBA player, recently went to Twitter with a video aimed at the audience of Super Bowl 56. “On February the 13th, some of the biggest names are going to be telling you to get into crypto.” He goes on to say “trust yourself” and “do your own research”. However, this video is in partnership with Binance. The message Butler is sending across rings true, you should do your own research. It still needs to be noted though that he is getting paid for this and it is still an ad, not something he’s doing purely out of the good of his heart.…
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The stablecoin Tether USDT is the third largest cryptocurrency by market cap. (Photo: DIAMOND VISUALS/Shutterstock)CoinDesk ME Lewitinn May Be Eligible for $1M Reward on Tether Transparency
Short researcher Hindenburg offered bounty to anyone who uncovers info
Anyone interested in great business journalism, or short-selling in general, must read Andrew Rice’s profile of short seller Nathan Anderson, the founder of Hindenburg research. But here at Modern Consensus, we read it and thought of its relevance to one reader in particular. Press play to hear a narrated version of this story, presented by AudioHopper. Last week I wrote about how CoinDesk has been on a jihad to shed some transparency on exactly how the stablecoin Tether funds its gigantic reserves. The company claims that those reserves are backed dollar for dollar with actual, real-world dollar and dollar equivalent investing instruments. But Tether, the world’s third-largest cryptocurrency, has a…
