#NYC #politics #crime #cryptocurrency #NYPD
"Two members of the NYPD, including a detective in New York City Mayor Eric Adams’ security detail, have been placed on modified duty this week after links surfaced to two crypto businessmen charged with kidnapping an Italian tourist earlier this month, sources closes to the case told NBC New York."
Warning over loophole as #ReformUK open crypto donations
Anti-corruption organisation Transparency International warned that “integrity of our #democratic process” is at risk unless the UK Govt brings in reforms.
#Transparency campaigners have warned that “unlimited anonymous donations” could flow into UK politics as #cryptocurrency adoption grows.
It comes as #ReformUK have announced they will begin accepting donations in cryptocurrency.
https://www.thenational.scot/news/25203859.warning-loophole-reform-uk-opens-crypto-donations/
Representative Raskin cited my analysis in his letter investigating Trump’s memecoin dinner
https://www.citationneeded.news/trump-memecoin-dinner-guests/
Trump’s new crypto business is a religion.
You have to believe in Bitcoin for it to work.
'As the Wall Street Journal put it: “It’s as if investors are paying $2 for a $1 bill.”'
https://wapo.st/4kkK5JG [gift link]
#Trump & his family control about 60% of #WorldLibertyFinancial through an LLC, & he is listed as both the decentralized finance platform’s chief #crypto advocate & inspiration
On May 22, World Liberty Financial announced that its #USD1 #stablecoin, a #cryptocurrency whose value is pegged to the #USdollar, started trading on Binance, the world’s largest crypto #exchange.
Binance admitted in a Nov 2023 plea deal to anti #MoneyLaundering & #sanctions violations, agreeing to pay $4B
"The growth and legitimation of stablecoins poses new risks to overall financial stability — all in the name of making it easier for criminals to do their business….
The truth is that when it comes to crypto (and other issues, but I’ll talk about them another day), Washington has become Utica on the Potomac: A town that, if not entirely controlled by the digital Mob, has at least been largely bought and paid for."
#crypto #cryptocurrency #bitcoin #Trump #corruption #crime
/2
"The most compelling explanation why people buy crypto is that there is a clear affinity between the psychology of buying crypto and the psychology of gambling. Retail crypto looks, in particular, a lot like the 'numbers racket,' which siphoned millions of dollars from generations of working-class Americans until it was largely supplanted by state lotteries."
~ Paul Krugman
#crypto #cryptocurrency #bitcoin #Trump #corruption #crime
/1
https://paulkrugman.substack.com/p/digital-corruption-takes-over-dc
‘The ultimate liberty’: how Nigel #Farage became a #cryptocurrency convert - https://www.theguardian.com/politics/2025/may/30/how-nigel-farage-became-a-cryptocurrency-convert copying #trump again promoting the perfect vehicle for fraud and corruption
‘Little evidence’ that EU laws aided criminals in crypto kidnappings - Earlier this month, the father of a wealthy cryptocurrency entrepreneur was abduct... - https://thenextweb.com/news/eu-law-criminals-crypto-kidnappings-france #dataandsecurity #cryptocurrency #blockchain
Today I learned that there’s a #blockchain based #Cryptocurrency betting platform called #Polymarket enabling users to bet on binary event outcomes - and that currently, there’s an active group of users betting on whether jesus christ will return in an election year. I mean, WTF? - Interestingly, the article takes a math-based tactical view of the betting play. #betting #wager #gambling
https://ericneyman.wordpress.com/2025/03/24/will-jesus-christ-return-in-an-election-year/
Insane.. The plan of the US gov to buy a shit ton of #Bitcoin over the upcoming years is thr actual intention of the hardcore Bitcoin nuts
At first they where anti-govt but knowing that if the gov buys a LOT of BTC, they will become instantly rich since the price will go up massively
It's not a "strategic reserve", it's a PUMP in a "pump & dump" but on goverment level because that where the most money is
This is not a secret either
An Italian man was tortured in a Manhattan townhouse for his cryptocurrency. @ABCNews@flipboard.com explains why “wrench attacks” are on the rise.
https://flip.it/6MfquG
#Bitcoin #NYC #WrenchAttacks #Crypto #Cryptocurrency #Manhattan
It’s been two weeks since Coinbase disclosed its data breach, and so far we’re up to:
• 8 customer class actions against Coinbase
• 1 shareholder class action against Coinbase
• 1 customer class action against TaskUs, a contractor the plaintiffs allege was responsible for the breach.
Crypto industry-funded polls have claimed that as much as 28% of American adults currently owned crypto in 2024. Coinbase in particular loves to throw around claims of 20%.
Federal data has just come out putting the figure at... 8%.
Legislators and regulators are frequently relying on the crypto industry’s own inflated figures to justify their actions, and the crypto industry has used the supposed existence of all these “crypto voters” as a cudgel to threaten legislators.
A second cryptocurrency investor accused of kidnapping and torturing an Italian man for his bitcoin turned himself in to police on Tuesday. He's been identified as William Duplessie.
"Duplessie is the second man in police custody for the kidnapping and torture of a man reportedly named Michael Valentino Teofrasto Carturan, who police say escaped weeks of beatings in a luxury Manhattan townhome at the hands of Duplessie and his associate John Woeltz.
Woeltz, a 37-year-old cryptocurrency investor, was arrested last week on charges of kidnapping, assault, unlawful imprisonment and possession of a firearm."
Violence and violence-as-a-service to get people to give up their crypto wallets has been on the increase. Reports out of Europe indicate people having fingers cut off and all kinds of terror.
Arbitrator found the complaint had been filed too late, and that the customer had admitted that a third party rather than a Coinbase insider had performed the theft. Doesn’t appear the arbitrator investigated the claims of a possible breach, or how the hardware MFA was bypassed.
Coinbase didn’t prevent the suspicious transfers, allegedly wiped customer’s transaction history, blamed the customer for the loss, then refused to reimburse. Arbitration concluded with $0 reimbursement.
Customer lost $350,000 in September 2022 to a phishing attack from a scammer that the customer said had “confidential information that could have only been obtained with direct access to Coinbase’s database”.
Given the recent data breach and Coinbase’s user agreement that aims to force customers into arbitration rather than individual or class action lawsuits, it’s interesting to read the outcome of a recent arbitration case against Coinbase.
https://www.courtlistener.com/docket/69741499/1/coinbase-inc-v-spilker/
The possibility of #WallStreet’s traditional powers teaming up to issue their own #stablecoin marks the latest sign that mainstream and #crypto finance are inching closer together https://www.wsj.com/finance/banking/crypto-stablecoin-big-banks-a841059e #cryptocurrency
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