Here’s our latest. This time we’re over at Amy’s blog. [Amy Castor] In this edition: DeFi hotshot Avi Eisenberg goes on trial Matt Levine makes an exceedingly foolish regulatory proposal Bitfinex sells a hotel token in El Salvador Uniswap gets a Wells notice Central bank digital currencies: the users don’t care a lot   Your subscriptions keep this site going. Sign up today ..read more

Amy is still busy, so David wrote this one up. Expect proper spelling and eschewing the AP style guide. We need your support for more posts like this. Send us money! Here’s Amy’s Patreon, and here’s David’s. Sign up today! If you like this post — please tell just one other person. “GPT5 has averaged photos of all website owners and created a platonic ideal of a sysadmin: [insert photo of Parked Domain Girl]” — Jookia   Deep Dream output, 2015 — a Biblically accurate doge. Switch the site to dark mode for best results.   Lucy in the skAI with diamonds A vision came to us in a dre ..read more

By Amy Castor and David Gerard We write for money! Here’s Amy’s Patreon and here’s David’s. For casual tips, here’s Amy’s Ko-Fi and here’s David’s. If you liked this post, tell just one other person. Send them a link! This really helps. “he actually is satoshi and has access to the satoshi bitcoin horde, but wants nobody to know this. so he’s convincing everyone he absolutely isn’t satoshi by claiming he is satoshi in the least believable way imaginable” — SubG     KuCoin busted The KuCoin crypto exchange has been charged by the Justice Department with deliberate and knowing vio ..read more

By Amy Castor and David Gerard You can sponsor our efforts to produce more work like this. Here’s Amy’s Patreon and here’s David’s. For casual tips, here’s Amy’s Ko-Fi and here’s David’s. Help our work: if you liked this post, tell just one other person. Christopher Harborne, who owns 12% of cryptocurrency exchange Bitfinex and stablecoin issuer Tether, is deeply upset at the Wall Street Journal for a story naming him in connection with Tether and their banks. As we covered previously, he is suing the Journal. Harborne’s lawyers have contacted other media o ..read more

Bitcoin has set yet another new all-time high — $73,835 on Coinbase BTC-USD on March 14. This means bitcoin is good now! All our past objections are resolved. Going forward, we only deal in Finances U Desire. The number is up, but the market is still super-thin. BitMEX BTC-USDT had a flash crash on Monday evening to just $8,900. We’re not in a bubble. We’re in a balloon, one being pumped full of hot air. It’s fun going up — but the trip down can be very quick. We’re over at Amy’s again. [Amy Castor]   Your subscriptions keep this site going. Sign up today ..read more

By Amy Castor and David Gerard Nigeria has been deeply unhappy with Binance for a while. Now two Binance officials have been held in Nigeria after they arrived in Abuja on February 26. Also, Binance is going to have to pay the first installment of its $4.3 billion fine to US regulators real soon. Where will it get the cash?     The naira problem Nigeria’s local currency, the naira, is collapsing. Inflation in the country is at an all-time high of 31.7%. [Trading Economics] Crypto isn’t really responsible, but the government needs someone to blame — so they’re pinning it on Binance ..read more

  I’m eternally grateful To El’s past influences But that will not free me I am not diseased All the people ask me How I wrote the blockchain book Life should be full of strangeness Like a rich painting But it gets worse day by day I’m a potential ICO advisor A creeping wreck A mental wretch Everybody asks me How I wrote the blockchain book His wallet hurts though it’s well filled up The cryptos received are mentally sent back Or sent to the bitcoin eater The CoinDesk magazine just about sums him up e.g. self-satisfied, smug I’m living a blog People say, “You are entitled to and great ..read more

We mostly don’t note crypto class action suits — they so rarely go anywhere. But sometimes they turn up interesting things. So we wrote up the Florida consolidated class action against FTX’s various enablers which filed an amended complaint last month with some fascinating allegations about how Tether, FTX, and Deltec Bank worked together. Caroline Ellison of Alameda confirms the allegations as far as her personal knowledge goes. The post is up at Amy’s. [Amy Castor] We also cover Christopher Harborne’s defamation suit against the Wall Street Journal — we appear to be the first to put up a cop ..read more

By Amy Castor and David Gerard Bitcoin hit a new all-time high! Just! Tether passed 100 billion USDT. And folks are complaining they can’t get their money off Coinbase. But this is fine. Whoa, what just happened here? The short answer is that the bitcoin price peak was a paper-thin stablecoin pump. The talk of ETFs causing the bitcoin price rise is vapid nonsense to feed lazy finance reporters who should know better. It’s stablecoin shenanigans over at Binance.     We heard bitcoin was good now and all our objections were answered, but that was only for two minutes yesterday after ..read more

We were going to do a quick news update on the world of bitcoin mining —then we got hold of Riot’s 10-K filing for 2023. Hoo boy. The tawdry mess is over at Amy’s blog. [Amy Castor] Also: miner noise across the US; power you’re not allowed to measure; miners in Ethiopia; miners in El Salvador rusting in the sun and likely stripped for scrap metal.   Your subscriptions keep this site going. Sign up today ..read more