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"Marszalek also tried to discourage employees from leaking about the layoffs, saying at a company town hall: "A number [of employees laid off] makes for a great headline, it’s a great thing to gossip about. [But] as co-owners of this company, you should ask yourself, 'is it in my interest for this number to be out there?'" One employee told The Verge that this did nothing to assuage their fears about the layoffs, and that "[it felt like] I got told to shut up and get back to work. It felt insulting."

This is good for bitcoin

It's almost as if labor and social utility are the only reasonable ways to judge an items value and weird artificial scarcity and hype is useless.

Man I wish someone had theorized this 200 years ago.

Fortune favors the jobless.

This is good for Matt Damon

Sadly this day and age there are a lot of shitty leaders.

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In terms of money, we have no money

That was interesting. They are not even being transparent within the company to the surviving employees. This will lead to a lot of folks actively leaving, I imagine. Who wants to stay when they do not know where the axe will fall?

What were all these people doing in the exchanges that are being now laid off anyway?

If this firm is like most, your Linux machines talk to Active Directory for logins. Shouldn’t take too much time to get a script that can tell you how many people are active.

Yes and?

Should they keep all and go bankrupt?

Bitcoin this is good for.

I think the new name of the arena is 404 Not Found arena

Or, Spirit Halloween arena

They can pull themselves up by the bootstraps and work at the arena!

Fortune favors the idiots 😝

tldr; Crypto.com has laid off around 1,300 employees since June, according to reports. CEO Kris Marszalek refused to answer a question about the total figure in a recent employees-only town hall meeting. Crypto.com is one of the most visible players in the crypto market.

This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

This is good for unemployment

Imagine your job being dependent on the crypto market. Zero job security.

They had to after offering far too high returns on their cards and lending.

tldr; Crypto.com has laid off around 1,300 employees since June, according to reports. CEO Kris Marszalek refused to answer a question about the total figure in a recent employees-only town hall meeting. Crypto.com is one of the most visible players in the crypto market.

This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

This is horrible to read. I hope those people find good jobs.

Matt Damon… I trusted you!

"It’s not good for morale to see that 1/3 of the invitation list on your next meeting is disabled accounts.”

It’s not good for morale to see that your job is to scam money from rubes for a ponzi scheme

Tip this post.

Overspending on ads is not good...

Ethereum does zero ads, but is still so popular just by word-of-mouth and because it has good fundamentals!

Smartest guys in the room.

A Trillion Dollars Of Monopoly Money

Just buy $AMC people, see you on the moon!

What depresses me is that despite everything the two of them are probably set for life. All they have to do is hide out until the heat cools down, and then live off the millions they have stashed away somewhere, in the huge residences they bought in other people’s names.

They may not have their enormous super-yacht, but they’ve ended up being heavily rewarded for being total shits.

Zhu meets all the criteria of a narcissist.

NY mag. owned by VOX media, comcast, NBC universal. Another global elite propaganda news organization that is creating ad revenue from your views.

The only thing shocking to me, is that anyone would be shocked.

Probably that same crowd that will be shocked when the paper metals scheme collapses. Who could have seen this coming?

erasing more than a trillion dollars in value

They mean "erasing more than a trillion dollars in expectations".

The are not Geniuses, CZ and Vitalik are Geniuses for now as Ethereum, Binance are doing great. Kadena team is genius, Theta team too, those projects bring value to the crypto industry and much more is coming.

I stopped in that article when the word 'crypto' and 'trust' was used in the same sentence.

A fool and his money are easy parted.

Or, hear me out, the people who follow them are fucking idiots?

Did they actually lose a trillion dollars though?

I can mint a trillion coins. Sell a single coin for $1. Now my valuation is $1,000,000,000,000.

You’re welcome.

“Geniuses”

Crypto Bros still trying to convince everyone this is the future

Future of being penniless and scammed like clowns

hopefully the mafia they borrowed money from eliminates them in the most brutal manner.

Best article I’ve read in sometime. Crypto regulation will be harsh due to douches like these dudes

Genius fraud

Imagine these guys escaping with 'pocket change' amounting to some 10s of millions. More than enough to live quietly and in complete luxury in Dubai for the rest of their lives.

Genius?

BTFD. An opportunity is before you. Think.

That article linking proposal pass yet?

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What if crypto was just really a con to get people to give them money because they knew this asset has no legal protection and yet any excuse was good enough to steal it from their customers.

It’s like those thieves who put up a sign saying “bank is closed, deposit here” people willingly dropped their cash into an unmarked slot next to the bank!

Scammer trash

Fantastic summary of best practices!

I don’t think you can beat punched/etched stainless steel sheet or a set of washers on a bolt. Simple, cheap, repeatable as well as fire and corrosion resistant. Most importantly they are made from common materials that don’t mark you as a crypto custodian.

The authors test methodology is comprehensive, and worth considering even if you’re a storage veteran.

A single solid piece of metal

Washers on bolts is stupid.

Center punched

So much easier than letter dies.

tldr; The optimal Bitcoin backup device will have the following characteristics: Stainless steel or titanium small but thick form factor, a single solid piece of metal, center punched / electrolysis etched data, and a template for decoding data inscribed onto the device. Over the past 4 years I've stress tested and reviewed 70 different metal seed backup devices.

This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

French people may raise an eyebrow to this one ;)

If we don't hit that one on time, I'm going to be asking a lot of questions 😅

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This is why you can't have a doxxed privacy mixer team. Fortunately, there are a lot of alternative mixers out there, like 0xMonero's mixer and Railgun.

0xMonero is still an option for smaller amounts, like under 500 usd per mix using 0xTIP. It's for privacy, not for money laundering.

Fml this is fckng bullshit!!! Is there a go fund me to get this guy the best lawyer there is ?!! Banks lauder shit ton of money and get slapped with bs fines yet he has to be arrested? Guess if I ever release anything meaningful I’ll shield myself behind 5 corps and couple trusts !!!

Priorities are in the wrong place....insane.

It seems that the US Treasury blocking Tornado Cash made everyone pay attention to Monero. It is already trading at $168-170 per unit, and this is clearly not the maximum of its capabilities. If the pressure on investors who prefer anonymity continues, then Monero will easily pass not even $200, but $250 by early September.

It seems that the US Treasury blocking Tornado Cash made everyone pay attention to Monero. It is already trading at $168-170 per unit, and this is clearly not the maximum of its capabilities. If the pressure on investors who prefer anonymity continues, then Monero will easily pass not even $200, but $250 by early September.

people saying he’s just a developer and had nothing to do with the money laundering are the same people saying the silk road was just a platform and not actively involved in illegal activities. i can’t say much on this particular case and i hope he’s innocent, but i’m against letting people use crypto for crime because “freedom” and “government bad”. these guys are getting rich with dirty money, they know it and they don’t want to collaborate with authorities, don’t forget it. crypto for me is a tool to get rid of middlemen and useless bureaucracy, not a tool to facilitate crime and tax evasion.

When is this documentary being released? The Charlie Shrem one was interesting.

if they only arrested trump this fast for January 6th

Silk Road 2.0

Another Robert ulbricht

Very concerning.

Vitalik uses Tornado cash.

Will he get arrested?

Authoring privacy tools is protected free speech. This is the “and then they fight you” phase, which precedes “and then you win”.

It's time to create wrapped Monero (wXMR). Collateralize Monero (anonymous digital cash), receive equivalent wXMR (ERC-20) to use into ETH ecosystem.

Good idea or nah?

Fuck these lawless governments

Code is Law was probably what warranted his arrest. It’s pretty much the basis of open-source code shutdowns: if the product warrants criminal behavior as it’s primary use case, it is malicious.

Ridiculous. I thought the government in the Netherlands understood the importance of privacy, but apparently I'm wrong. Privacy is our only defense against tyranny and is therefore wayyy more important than than preventing some criminals from laundering their money

So is there a legal fund to provide for this guy's defense yet?

I’m glad to see purveyors of corruption or crime seem to have been getting apprehended at a higher pace recently.

This is what happens when the banks and governments who are the real money laundering big dogs feel threatened. Half the economy is probably involved in laundering in one way or another but if the banks and government don't get a cut you better watch out.

Is there anything we can do to help him?

He profited from criminal proceeds. Everyone knows this.

https://www.reuters.com/business/finance/court-convicts-credit-suisse-money-laundering-case-2022-06-27/

​

Haven't seen these swiss bankers locked up yet

Seems like a FAR over-reach unless we start arresting gun manufacturers.

Gambling on Celsius = becoming exit liquidity

Drives his company and his customers into the ground meanwhile he's cashing out profits for himself

You love to see it

What a piece of shit

So, he’s the only one allowed to withdraw?

What the fuck.

i hate this man's face

Taking money from all the butters who are in CEL.

(No, I'm not going to stop making Celsius incel jokes.)

tldr; The address attributed to the Celsius founder by Nansen and Arkham sold CEL tokens for the first time since Celsius froze withdrawals.

This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

I interviewed with these guys. They seemed like pompous douchebags.

Needs to load up his legal fee war chest

Color me shocked...

That is a shady move from a person that only care about himself.

I'm not surprised

Alex doesnt give a fuck about others.
Why am I not surprised

mild shock

Scumbag

What a douche nozzle

Blockchain data shows a crypto address identified by crypto intelligence firms Nansen and Arkham Intelligence as Mashinky’s made its first transactions since late May.

I hate crypto, mashinsky is scum, but I don’t know enough about attribution of wallets to know how much weight to put into “Nansen and Arken”.

I mean, he would have to be some kind of stupid under the current circumstances do so for $28k (which is a fairly insignificant a sum for him). But hey, you never know, we are we’re we are.

Like dude... your company is before the fooking bankruptcy court. Atleast try to show some fiduciary responsibility lmao.

when I try to add ETH, FTXPay requests me to make an account, but accounts are KYC AFAIK. That's a big fail for what should be a simple gas transaction

Not selling ... Just tipping

So Reddit is now distributing CP?

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OMG. The govt seriously needs to shut Crypto down. It’s looked upon as a way to rip people off with no consequences. This needs to end.

Are we going to start seeing Sankman bots rewriting narratives on reddit?

Reddit is a global leader in harnessing blockchain technology

hahahahaha hahahahaha hahahahaha 🤣🤣🤣🤣

We are engaged in a phased, multi-stage, effort to separate the regular users from the real dumbshits, and then to separate these imbeciles from their money.

Mainnet moons!

you all should join a lemmy server

How do I short reddit?

Don’t care I use Apollo

Points will initially roll out on the r/CryptoCurrency and r/FortnightBR

These absolute morons can't even write the correct subreddit names where they'll be scamming users.

Also, starting at a subreddit mostly frequented by literal children? Absolute fucking scum.

This is another instance of "how can we use blockchain?" instead of "what's the best way to accomplish this goal?" I can't see any way that blockchain provides any benefit here over a regular database.

For some reason I always thought FTX was just derivatives, because you never hear anyone talking about how they buy crypto on there, but if you buy ETH from there for gas fees, then they must do spot

tbh, there's other possibility that these scammers are just lying like Helium one, but considering what kind of person reddit CEO(or whoever do the decision) is.....I don't have that much hope

Like, do people in charge Reddit never stop and ask, ‘hey, is this a terrible idea that will destroy our community?’ Before announcing it?

Hilarious that Reddit hasn't put an announcement of its own up on /r/reddit. They know this garbage will be deeply unpopular and I guess are afraid of a repeat of the NFT avatar reaction.

Reddit is a global leader in harnessing blockchain technology to innovate and empower its online communities to become more independent platforms by taking ownership and control.

How about giving us the ability to ban all crypto ads from this sub? No? Not very libertarian and decentralized of you Reddit.

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how is this different than moons/altcoin?

Own a piece of your community

What? Like owning people?

Add a custom token to your subreddit. Earn rewards, encourage quality content, and unlock special features.

Yes, quality content, like you normally get from karma-farmers.

God dammit

Actually disgusting they're specifically targeting kids in the fortnightbr subreddit

I’m a former forex trader who has since stopped in favor of crypto exclusively. The FX market is hugely inefficient for the global companies who have to transact in it - which is the vast majority of entities who use it. Payments for imports/exports, payroll for international employees, etc. These companies lose millions in fees and exchange costs. The switch to a crypto based solution seems inevitable - and is likely the primary reason for the bank’s reticence toward crypto in general. They stand to lose those millions from the traditional currency exchange.

I’m not totally convinced BTC will be the international currency though. I suspect, ironically enough, it will look something like what Terra was developing: an interconnected network of global stablecoins pegged to the national currencies, and which can be exchanged for each other effortlessly and cheaply. Just because they were a ponzi doesn’t mean the next one can’t get it right. If so, we’ll have a near equivalent of the global currency market that completely removes the banks as middlemen.

Would the government believe?

tldr; Lightning Lab’s latest newsletter, the Lightning Lab, is published every month. In this issue, we discuss how Taro decentralizes the global FX market, how bitcoin renders “cross-border” payments obsolete, and how Lightning has continued to grow throughout the bear market. We also highlight a host of exciting community updates.

This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Excellent newsletter, steady growth and real use cases provided. Bullish for bitcoin

Cool newsletter

tldr; Lightning Lab’s latest newsletter, the Lightning Lab, is published every month. In this issue, we discuss how Taro decentralizes the global FX market, how bitcoin renders “cross-border” payments obsolete, and how Lightning has continued to grow throughout the bear market. We also highlight a host of exciting community updates.

This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

such a great read and the rest of the other updates are awesome too. thx for sharing.

tldr; Lightning Lab’s latest newsletter, the Lightning Lab, is published every month. In this issue, we discuss how Taro decentralizes the global FX market, how bitcoin renders “cross-border” payments obsolete, and how Lightning has continued to grow throughout the bear market. We also highlight a host of exciting community updates.

This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

It's sad that developers that worked on this are suspended from GitHub. WTF?

I've never used it, because Zcash is the superior technology. 😎

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