Crypto collapse: US banks leave crypto, how Genesis kept Gemini hanging on, FTX, Binance, Nexo

By Amy Castor and David Gerard For your convenience, we still have banking. Put your money into our Patreons in confidence — here’s Amy’s, and here’s David’s. Our patrons can also get a couple of “Bitcoin: It Can’t Be That Stupid” stickers just by messaging one of us and asking. David has signed author copies of his books for sale. OVERSEAS MAIL...

1d

Crypto collapse: Genesis bankrupt, CoinDesk for sale, Bankman-Fried attacks FTX lawyers, Bitzlato busted

Another newsletter, and it’s Amy’s turn to post again! [Amy Castor] In this episode: Genesis is bankrupt. Gosh, couldn’t see that coming. CoinDesk is for sale! 3AC and CoinFLEX want to start an exchange for crypto bankruptcy claims. Both companies have a lot of experience with bankruptcy, it’s true. FTX: mycrimes.blog. Bitzlato turn out to have...

5d

Crypto collapse: Bitcoin goes up, Nexo charged, GBTC still wants to be an ETF, crypto exchanges struggle, FTX, Voyager

By Amy Castor and David Gerard Help our number go up! Contribute to our Patreons — here’s Amy’s, and here’s David’s. Our patrons can also get a couple of “Bitcoin: It Can’t Be That Stupid” stickers just by messaging one of us and asking. David has signed author copies of his books for sale. Sign up on Amy’s blog to see every new post she makes...

2w

SEC sues Genesis and Gemini, Genesis owes $3 billion to creditors

We posted on Gemini and Genesis’ bitter catfight yesterday just after 4:25 pm UTC. A few hours later, the SEC charged Gemini and Genesis with offering unregistered securities in the form of Gemini Earn! It’s Amy’s turn, so the post is over on her blog. [Amy Castor] The fun part: Gemini made only $2.7 million from the deal — but they could be the one...

2w

Crypto collapse: DCG’s check kiting comes home to roost, Nexo raided, Voyager sale to Binance progresses, unbanking the banked

By Amy Castor and David Gerard We can’t kite our checks like crypto companies do. So please contribute to our Patreons — here’s Amy’s, and here’s David’s. Our patrons can also get a couple of “Bitcoin: It Can’t Be That Stupid” stickers just by messaging one of us and asking. David has signed author copies of his books for sale. Sign up on Amy’s...

2w

Crypto collapse: DCG’s problem is Grayscale, FTX Bahamas agreement, DeFi trading arrest, Silvergate Bank, Huobi, Binance

Our third epic newsletter in a week! Some weeks are like that. This one’s over at Amy’s blog. [Amy Castor] In this episode: DCG completely played itself with its $1.1 billion promissory note (internal IOU) to Genesis to cover the 3AC hole, and with Grayscale before that How Silvergate is likely to get completely done by the regulators FTX US and...

3w

Crypto collapse: Gemini vs DCG, New York charges Mashinsky in Celsius, Voyager sale troubles, Silvergate troubles, Wintermute

By Amy Castor and David Gerard Our work is funded via our Patreons — here’s Amy’s, and here’s David’s. Send us money and keep these newsletters pumping! Our patrons can also get a couple of “Bitcoin: It Can’t Be That Stupid” stickers just by messaging one of us and asking. David has signed author copies of his books for sale. Sign up on Amy’s...

3w

Which historical bubble is most like the crypto bubble? — by William Quinn

Guest post by William Quinn In 2020, John Turner and I published a history of financial bubbles: Boom and Bust: A Global History of Financial Bubbles (Cambridge University Press, 2020). We had briefly written up the 2017 crypto bubble in the conclusion, assuming it had run its course … but a few months later, it bubbled again, even harder than before....

3w

FTX Bahamas vs. John Jay Ray, Bankman-Fried pleads not guilty, DoJ seizes FTX assets

It’s Amy’s turn, so this one is over on her blog. [Amy Castor] In today’s episode: Sam Bankman-Fried pleads not guilty. If he doesn’t reach some sort of plea deal, then the trial’s scheduled for October. But the real story is the shenanigans in the Bahamas, where the Securities Commission of the Bahamas and the Joint Provisional Liquidators seem to...

4w

Your 100%* reliable guide to the future of crypto in 2023!

By Amy Castor and David Gerard The bills are coming in for the Christmas spirits. Have you signed up yet? Here’s Amy’s Patreon and here’s David’s Patreon. Don’t forget to ask for a couple of “Bitcoin: It Can’t Be That Stupid” stickers when you do! With all these gutted crypto buyers, there are plenty of convenient entrails for divination just...

4w