Even as some competitors expand their bitcoin ATM operations, Bitcoin Depot, once the largest operator of bitcoin ATMs in North America, announced it is closing up shop. Bitcoin Depot announced Monday that it was filing Chapter 11 bankruptcy in the Southern District of Texas and would begin an orderly wind-down of its business in the United States. It expects to begin similar proceedings in Canada and elsewhere around the world “in due course.” Bitcoin ATMs, or BTMs, allow users to buy bitcoin directly for cash, bypassing the need for cryptocurrency exchanges, and the credit cards and bank accounts needed to use them. Saying its business model has become “unsustainable,” Bitcoin…
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:( , of, oof – don’t think I have anything particular?
The banality of Bankman-Fried and his FTX/Alameda cozeners
Political philosopher Hannah Arendt’s 1963 book Eichmann in Jerusalem: A Report on the Banality of Evil became a classic in part by introducing the concept in noted its subtitle. She argued that the full context of Eichmann’s actions in helping organize and carry out the Holocaust weren’t fully elucidated by his trial, which thus obscured, “the lesson that this long course in human wickedness had taught us—the lesson of the fearsome, word-and-thought-defying banality of evil”. Not to say that what FTX founder Sam Bankman-Fried is currently on trial for rises to the level of evil, but I’ve been struck over and over by the banality and seemingly utter disregard for…
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Bitfinex CEO says $850 million NY Attorney General called ‘lost’ was actually seized
Weekend email to crypto exchange’s users does not say how or why those funds were seized by authorities of four countries including the U.S. and U.K.
In disputing the New York State Attorney General’s claim that embattled cryptocurrency exchange Bitfinex and stablecoin-issuer Tether have lost $850 million, the CEO of the two firms’ parent company has raised a bigger question: why have four governments, including the U.S. and U.K., seized its money?
