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@ZeroRequiem in December 2022

@ZeroRequiem

Amazon to create a TV Series about the FTX disaster Hey Peeps! The corporate giant, Amazon, has won the rights to produce a television series about Sam Bankman-Fried and the collapse of FTX. The tv show will be based off an upcoming book by acclaimed author, Michael Lewis. You are probably familiar with some of his previous work, such as Moneyball, The Big Short, and The Blind Side; all of which had been adapted into successful films. It was originally reported, by a…

@ZeroRequiem

INX joins Binance in the Bidding War for Voyager Hey Peeps! In a press report released yesterday, INX announced their submission of a non-binding Letter of Intent to purchase Voyager and it's assets. https://www.prnewswire.com/news-releases/inx-submits-a-bid-to-purchase-voyagers-assets-301690294.html INX describes themselves as "the world’s first fully regulated platform, merging investing and trading in security tokens, cryptocurrencies and capital raise services all in ONE…

@ZeroRequiem

New York becomes 1st U.S. State to officially ban Crypto Mining Hey Peeps! New York has all but outright banned Crypto Mining after Governor Kathy Hochul signed a moratorium on cryptocurrency mining into state law. This marks the first time in United States history that a state has banned cryptocurrency mining. The focus of this legislation is on Proof-of-Work mining and the controversies over its high amount of energy consumption What this essentially means is that any new…

@ZeroRequiem

CFTC Chairman says Crypto is a potential Threat to National Security after FTX Disaster Hey Peeps! On December 1st, the US Senate Agriculture Committee held a hearing that was titled "Why Congress needs to ACT - Lessons from the FTX collapse". During the hearing, the Chairman of the Commodities Futures Trading Commission, Rostin Behnam, said that cryptocurrency is "potentially a threat to national security”. To give context, Behnam responded after being asked point-blank if…

@ZeroRequiem

Coinbase CEO says FTX stole customer money Hey Peeps! Brian Armstrong, the co-founder and CEO of Coinbase, unleashed a tweet storm on Saturday afternoon with his take on Sam Bankman-Fried's excuse for the FTX collapse. In a recent interview with Bloomberg, Sam Bankman-Fried essentially chalked the whole collapse of FTX up to bad accounting, in which users' assets were being double-counted.…

@ZeroRequiem

Twitter might be on the verge of launching their own Crypto coin Hey Peeps! There has been a few leaks recently regarding Twitter allowing crypto transactions on the platform, and also the creation of their own Twitter coin. The image above may be the future face of the Twitter cryptocurrency. I saw this news make the rounds on Twitter, but as I looked up some research on the information it got a little odd. The news was reported by a blogger, named Jane Manchum Wong, who…

@ZeroRequiem

Paraguay stops a potential Bitcoin Mining Law Hey Peeps! On December 5th, news broke that Paraguay's Chamber of Deputies voted against putting the potential Bitcoin mining law through to the floor. This move essentially puts the Bitcoin mining law on ice until it is revisited in a future lawmaking session. It has been a dramatic journey to this point with the prospective law being vetoed by the President of Paraguay, Mario Abdo Benitez, and then 33 senators rejected the…

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Kraken settles with U.S. Treasury after violating Iran Sanctions Hey Peeps! The U.S. based crypto exchange, Kraken, has settled with the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC), and agreed to pay $362,158.70 for violating economic sanctions against Iran. As part of the settlement, Kraken will also invest $100k into "sanction compliance controls". The OFAC began an investigation into Kraken over suspected violations back in July of this year.…

@ZeroRequiem

Zero to Hero ~ December (BCH) Hey Peeps! **We had 22 votes this month:** 1st - **BTC** with 10 votes. 2nd - **TRX**/**BCH** with 2 votes each. 3rd - **ZEC**/**LTC**/**TWT**/**BNB**/**HIVE**/**XRP**/**ADA**/**MATIC** with 1 vote each. However, since Bitcoin won last month's vote, the Crypto Reward of the Month is a tie between our second place vote-getters: **Tron (TRX)** and **Bitcoin Cash (BCH)**. In the event of a tie, we consult of the Wheel of the Crypto Gods to…

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Algorand Governance - Period 5, Voting Session 1 Hey Peeps! The current Voting Session ends on December 18th, so if you haven't voted yet, make sure to get a move on! Unfortunately, this voting session is only available to Governors who signed up for the new Governance Period and committed Algos back in September. Read the Algorand Governor's Guide here, to find out how to become a Governor for a future Governance Period.…

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Sam Bankman-Fried is under arrest Hey Peeps! We got him! The Most Wanted Man in all of Crypto, Sam Bankman-Fried, has finally been caught and arrested. Earlier today, SBF was arrested by authorities in the Bahamas, at the request of the U.S. Government SBF is being charged with wire fraud, wire fraud conspiracy, securities fraud, securities fraud conspiracy, and also money laundering, Here is the official, tweet by the United States District Court for the Southern District…

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FalconX announces exposure to the FTX collapse Hey Peeps! FalconX is a global crypto trading platform that is used by financial institutions. On Thursday, December 8th, FalconX announced in a blog post that the company has an exposure of 18% of its "unencumbered cash equivalents". https://falconx.io/falconx-update It was an odd road to this point, but FalconX are finally confirming the amount of their asset exposure to FTX. On November 22nd, FalconX CEO Raghu Yarlagadda…

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SBF and CZ clash off in a War of Words Hey Peeps! Sam Bankman-Fried (SBF) and Changpeng Zhao (CZ) are butting heads on Twitter and the world is watching on from the sidelines. On Friday, December 9th, CZ tweeted out an 11-part thread that started about Kevin O'Leary and his FTX investment, but then it turned into a couple jabs at SBF. SBF clearly took offence to being called "unhinged" and he jumped into the fray. CZ even claimed to have saved messages of SBF where he went…

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Binance possibly being charged with Money Laundering by U.S. Department of Justice Hey Peeps! The largest cryptocurrency exchange on the planet may be headed for some tough times in the future. The U.S. Department of Justice is reportedly split over charging Binance with Money Laundering. https://www.reuters.com/markets/us/us-justice-dept-is-split-over-charging-binance-crypto-world-falters-sources-2022-12-12/ I had not known this before, but apparently Binance has been under…

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Self-Custody Wallets under threat by U.S. Lawmakers Hey Peeps! The Government has set their sights on crypto and nothing feels safe anymore. On December 14th, U.S. Senators Elizabeth Warren and Roger Marshall proposed a bill that will impact self-custody crypto wallets, by requiring platforms and networks to identify customers and track their transactions. The bill is titled Digital Asset Anti-Money Laundering Act, and it targets the cryptocurrency industry with a number of…

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Binance caused the FTX collapse intentionally, says Kevin O'Leary Hey Peeps! On December 14th, the U.S. Committee on Banking, Housing, and Urban Affairs met for a hearing titled “Crypto Crash: Why the FTX Bubble Burst and the Harm to Consumers”. The witnesses for this hearing were: Hilary J. Allen, Professor at American University Washington College of Law Kevin O’Leary, Investor Jennifer J. Schulp, Director of Financial Regulation Studies, Center for Monetary and Financial…

@ZeroRequiem

Is this the End of Read.Cash? Hey Peeps! TheRandomRewarder has given their last tip. https://read.cash/@TheRandomRewarder The notifications you loved to see on read.cash will no longer pop up. https://read.cash/@ZeroRequiem In the early morning of December 20th, TheRandomRewarder made a post announcing they made their last tip ever. https://read.cash/@TheRandomRewarder/my-last-tip-803e2773 Is this a sign of the end? "*I have just given my last tip. read.cash project has been…

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99% of people will lose the crypto they hold on their own, says CZ of Binance Hey Peeps! Changpeng Zhao, more commonly known as CZ, is making the news again as he says “most people, for 99% of people today, asking them to hold crypto on their own, they will end up losing it”. The moment happens as CZ is answering questions about cold wallet storage, and whether Binance celebrates user’s storing their own funds away from centralized exchanges. Interestingly, this was also the…

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Binance and CZ tells employees to "expect the next several months to be bumpy" Hey Peeps! The CEO of Binance, Changpeng "CZ" Zhao, reportedly told his staff, via a memo: “*While we expect the next several months to be bumpy, we will get past this challenging period, and we’ll be stronger for having been through it.*”…

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U.S. Department of Justice charges 9 individuals in Crypto Ponzi Schemes Hey Peeps! The founders of IcomTech and Forcount, later known as Weltsys, have been charged with Wire Fraud, Conspiracy to Commit Wire Fraud and Conspiracy to Commit Money Laundering. The Department of Justice has announced that 9 people will be charged in these purported cryptocurrency Ponzi schemes. The 9 individuals are: David Carmona Marco Ruiz Ochoa Moses Valdez Juan Arellano David Brend Gustavo…

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U.S. White House refuses to comment on SBF's political donations Hey Peeps! Questions are rising about the political donations that FTX Founder Sam Bankman-Fried made during the last few years. SBF was the second largest individual polotical donor, and he reportedly donated around $5.2 million to Joe Biden's 2020 presidential campaign. https://www.reuters.com/legal/bankman-fried-appear-bahamas-court-us-unveil-charges-2022-12-13/ During a press briefing on December 13th,…