Jump to content
Washington Football Team Logo
Extremeskins

BitCoin falling like a Dotcom


joeken24

Recommended Posts

Luxury rehab centres now offer therapy for 'crypto addiction'

 

There was a time when Don was pouring up to $200,000 (£164,700) every week into cryptocurrency trades.

 

He slept fitfully and would be up in the wee hours to monitor prices and his portfolio balance. "I'd break into a sweat before going on long-haul flights, as I would not be able to access the internet," he said.

 

Don works in a company that processes central bank digital currency (CBDC) transactions. He did not want to use his real name and wishes to remain anonymous because he fears his comments could spark a backlash from investors.

 

He says he went on a "downward spiral" in the middle of 2022 - and that's when he decided to seek help.

 

The solution came in the form of a four-week stay at The Balance, a sprawling rehabilitation centre with dozens of staff on the Spanish island of Majorca.

 

Don lived in a private villa and was attended to by his own butler and chef. His treatment comprised therapy but also massages, yoga and bike rides, all for a hefty bill: upwards of $75,000.

 

Founded in Zurich, with properties in London and Majorca, The Balance describes itself as a "safe space enabling health and fulfilment". The landing page has pictures of a beachfront villa, spa and glowing testimonials from past clients. The centre lists treatment programmes for anxiety, burnout, depression, post-traumatic stress disorders and eating disorders.

Don says it helped him "wean off crypto".

 

The pandemic and a volatile crypto market have spurred a trading frenzy in digital currencies. And now, luxury rehab centres are cropping up around the world, promising to treat "crypto addiction".

 

Click on the link for the full article

Link to comment
Share on other sites

  • 2 weeks later...
  • 2 weeks later...
  • 2 weeks later...

YouTube Influencers Slapped With $1 Billion Lawsuit for Promoting FTX

 

A group of investors who did business with defunct cryptocurrency exchange FTX brought a class action lawsuit against multiple internet influencers Wednesday, alleging the content creators pushed unregistered securities on their viewers and followers while promoting the collapsed exchange.

 

The lawsuit seeks over $1 billion in damages and was brought against content creators that reached millions online, including BitBoy Crypto creator Ben Armstrong and finance YouTube creator Graham Stephan, among seven other individuals and the talent management firm Creators Agency.

 

Stephan did not immediately respond to requests for comment from Decrypt. Armstrong told Decrypt that he never received a dollar from FTX, adding that he plans on “countersuing immediately.”

 

“I’ve never spoken with anyone at FTX or as a marketing agent acting on their behalf. Not once,” he said via direct message on Twitter. “So the allegations against me are 100% false and it will be extremely easy to provide evidence of this.”

 

The unregistered securities “endorsed and promoted” were yield-bearing accounts offered by FTX, the lawsuit claims, adding that the creators were paid to endorse FTX, which was a “fraudulent scheme [...] designed to take advantage of investors from across the globe.”

 

Edwin Garrison, a resident of Oklahoma, led the lawsuit. And though the lawsuit was brought in Florida’s Southern District Miami Division Court, the plaintiffs include residents of the United Kingdom, Canada, and Australia as well.

 

The defendants named in the case are responsible for damages due to “misrepresentations and omissions regarding the FTX platform” and played a crucial role in elevating the collapsed business, the lawsuit claims.

 

The class action lawsuit is a consolidation of others brought against FTX founder and former CEO Sam-Bankman Fried, several FTX insiders, and celebrity brand ambassadors, which include retired National Football League Quarterback Tom Brady, supermodel Gisele Bündchen, and comedian Larry David.

 

Click on the link for the full article

  • Haha 1
Link to comment
Share on other sites

Ontario's self-proclaimed Crypto King kidnapped, beaten for ransom, bankruptcy documents claim

 

An alleged kidnapping, duped investors and losses topping $40 million — those are some of the newest details emerging as authorities try to unravel what Canada's self-proclaimed Crypto King did with the money investors gave him. 

 

According to claims spelled out in a new trustee report from bankruptcy proceedings against Aiden Pleterski, while authorities were trying to track down millions of dollars given to him to invest, the 24-year-old was allegedly kidnapped in the middle of the night last December. The trustee believed much of it went to fuel a lavish lifestyle and that very little of it was actually invested. 

 

Pleterski's father told the trustee Pleterski was driven around Southern Ontario, beaten and tortured. Pleterski's landlord said he got a call asking for ransom of $3 million. 

 

Pleterski was released after a few days, the documents say, but was told he had to come up with the money soon. 

 

Click on the link for the full article

Link to comment
Share on other sites

  • 2 weeks later...
  • 2 weeks later...
  • 3 weeks later...

Memecoins Are Back and They’re Extra Racist

 

However much the internet has transformed over the years, one rule is inviolate—everything old on the web becomes new again, recycled and remixed in every manner possible. Case in point: the curious trajectory of the Pepe the Frog. Remember him? The innocent cartoon amphibian who was appropriated by the vilest corners of the internet, eventually becoming a prominent symbol for the political rise of Donald Trump and his ****posting alt-right fanbase? Well, even as earlier iterations of the alt-right have dissipated, their Pepe mascot has now come hopping back—and as a cryptocurrency, no less.

 

Yes, I regret to inform you that two digital mainstays that once seemed to be in irrevocable decline—high-value crypto baubles and far-right Pepe avatars—have recently teamed up to make an unavoidable return. No longer limited to faceless 4chan commenters, Pepe has become a famous cryptocurrency all his own, a “memecoin” in the style of Dogecoin, and his re-emergence as Pepe Coin has rattled a major crypto exchange—Coinbase—because $PEPE holders are fired up, organized, and angry. It’s a dumb, exhausting, hateful saga that nevertheless holds real implications for the crypto world, as a kaleidoscopic convergence of almost every major economic trend of the post-Obama era: high interest rates, stock market instability, meme stocks, Reddit/Twitter investor armies, short sellers, fugitive entrepreneurs, crypto-market booms and busts, Elon Musk (yes), bizarre animations, and a dash of racism. Let’s dive into it, shall we?

 

It appears so. Last month, the coin now known as Pepe arrived on the crypto scene by way of Twitter account @PepeCoinETH, which introduced itself to the social network on April 4 with a Pepe graphic sporting a Trump campaign–style hat reading “Make Memecoins Great Again.” Clearly, a throwback to old days of Pepe-saturated Trump fandom. The cryptic account didn’t post again until April 14, when it launched a website, Telegram channel, and a stream of 420.69 trillion coins. (Yep.) The site, with its green background and preponderance of Pepe heads (including one fashioned in the shape of a bull, to represent a bull market), advertised $PEPE as “the most memeable memecoin in existence” and proffered it as a viable alternative to other hyped-up, meme-derived cryptocurrencies: “Pepe is tired of watching everyone play hot potato with the endless derivative ShibaCumGMElonKishuTurboAssFlokiMoon Inu coins. The Inu’s have had their day. … $PEPE is a coin for the people, forever. Fueled by pure memetic power.”

 

Click on the link for the full article

Link to comment
Share on other sites

Florida Governor Ron DeSantis Bans CBDCs in the State

 

Florida Governor Ron DeSantis signed a bill on Friday banning the use of a "centralized digital dollar," otherwise known as a central bank digital currency or CBDC, in the state.

 

DeSantis has been relentless in his attacks on a CBDCs, saying last week that they were part of "woke politics" that he wants to combat. Now the portion of Florida law that defines money explicitly notes: "The term does not include a central bank digital currency."

 

During the press conference, DeSantis posited that President Joe Biden's administration announced it would be studying CBDCs last year because it wants to "crowd out and eliminate other types of digital assets, like cryptocurrency."

 

Click on the link for the full article

Link to comment
Share on other sites

So, buying NFTs...If I understand it correctly, nobody actually buys the artwork, or even the copyrights to the artwork. They only buy the right to sell or trade it. Is that right?

 

So how can anyone buy an NFT and then act shocked and irritated that others are able to take a screenshot or even right-click and download it since they didn't buy the art? lol...Wouldn't that be something they would (or should) have already known before spending their money? And from what I have read, people who buy NFTs are primarily looking for some sort of online digital community to be a part of, to establish an online identity, and to sell it later at a profit. Very few buy an NFT because they like the art (although I guess some do).

 

Edited by Califan007 The Constipated
Link to comment
Share on other sites

  • 2 weeks later...

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...