For some reason people fleeing the sinking #Twitter / #X ship for #BlueSky don't seem to be aware of the fact that crypto bros at #BlockchainCapital bought a huge stake in the company just a few weeks ago. Like these are basically the same crypto bros who just helped #ElonMusk buy Twitter. They might even be literally the same people (I strongly suspect they are but I'm too lazy to check). Either way #BlockchainCapital was co-founded by #BrockPierce, who also brought you #Tether, AKA the company that Trump's transition team chairman manages $120 billion for. Pierce is also a friend of the #Netanyahu family.

You don't have to take my word for it. Here's the official press release: bsky.social/about/blog/10-24-2…

Moving to BlueSky is not an escape. Growing a base there is just putting in a bunch of work to create a platform that will be co-opted by crypto bros as soon as X breaks in half.

p.s. crypto bros (#a16z) also own #Substack

#crypto #cryptocurrency #bitcoin #USDT #Trump #DonaldTrump

See my reporting on their previous violation, which is being reviewed by the FEC: citationneeded.news/coinbase-c…

#Coinbase #crypto #cryptocurrency #USpolitics #USpol

Coinbase appears to have violated campaign finance laws with a $25 million super PAC donation

Actively involved in contract negotiations with a federal government agency, Coinbase was likely prohibited from making its $25 million contribution to the Fairshake cryptocurrency-focused super PAC in May 2024.

^{Molly White (Citation Needed)}

As an active federal contractor, Coinbase is prohibited from making political contributions, including to super PACs. This makes $50 million that they have contributed in violation of pay-to-play laws for contractors.

#Coinbase #crypto #cryptocurrency #USpolitics #USpol

Former Alameda Research CEO Caroline Ellison was just sentenced to 2 years imprisonment and 3 years of supervised release for her role in the FTX fraud.

#FTX #crypto #cryptocurrency

It’s finally time to release my newest project: followthecrypto.org/

This website provides a real-time lens into the cryptocurrency industry’s efforts to influence 2024 elections in the United States.

#crypto #cryptocurrency #elections #USpol #lobbying

Issue 48 – Bitcoin has "no chance" of going to the moon

Bitcoin ETF fakeouts, imaginary CEOs, and a bridge hack make for an eventful start to the new year.

citationneeded.news/issue-48/
#newsletter #CitationNeeded #crypto #cryptocurrency

Issue 48 – Bitcoin has "no chance" of going to the moon

^{Molly White (Citation Needed)}

#LBRY closes shop after committing securities fraud with their #cryptocurrency

I always knew that there was something fishy about LBRY.

theguardian.com/technology/202…

Extremist-friendly tech company closes after fine for securities fraud

Experts say LBRY’s failure casts shadow on future of other ‘alt-tech’ sites as Twitter becomes more receptive to far right

^{Jason Wilson (The Guardian)}

If you follow the rabbit hole, it looks like Hylo is Hylozoic, Inc., which is owned by cryptocurrency startup Holo, Ltd.

#hylo #holo #blockchain #startup #cryptocurrency #holoChain #hylozoicInc #holoLtd

“.01% of bitcoin holders hold 27% of all bitcoin! That’s 100x the wealth concentration of the regular economy.”

Next time someone tells you cryptocurrencies and blockchain are about decentralisation, laugh in their faces. Loudly. While pointing at them.

nitter.net/MorePerfectUS/statu…

#cryptocurrency #blockchain #decentralisation #web3 #rightLibertarian #bullshit

Molly White is the creator of the "Web3 is going just great" project which tracks the latest news of cryptocurrency/NFT disasters, scams and collapses. You can follow at:

➡️ @molly0xfff (White's account)

➡️ @web3isgreat (project account)

The project's website is at web3isgoinggreat.com and features a useful interactive timeline of the news items.

#MollyWhite #Web3IsGoingJustGreat #Web3 #Cryptocurrency #Crypto #Tokens #Coins #NFTs #NFT #News #Financial #Money #Scams #Technology #Business

Web3 Is Going Just Great

A timeline of some of the greatest hits in cryptocurrencies, NFTs, and other web3 projects since the beginning of 2021

^{web3isgoinggreat.com}