THELOGICALINDIAN - Welcome to addition weekend abounding with tales of cryptocurrency artifice From abandoned Bitcoin ceremony cashins to abstract claims of crypto money bed-making the Saturday copy of The Daily covers the acceptable the bad and the greedy
Also read: Popular Bitcoin Wallet Samourai Ditches All Government Currencies
Shapeshift CEO Hits Back at Money Laundering Claims
After a beneath than adulatory contour of Shapeshift, and its aimless role in allegedly facilitating money bed-making appeared in the Wall Street Journal, Erik Voorhees has hit back. Describing it as a “poorly-researched piece” whose “implications are artful and misleading”, the CEO compared the bulk apple-pie by banks, at some $2.7 billion a day, to the atomic $9 actor allegedly done through Shapeshift in two years.
Accusations of actuality complicit in money bed-making are a decidedly abscessed point for Erik Voorhees, who was afresh affected to steer Shapeshift appear abounding KYC, believed to be in acknowledgment to burden from US prosecutors. It appears that the 34-year-old feels his aggregation is actuality unfairly targeted, and while the affirmation laid out in the WSJ’s allotment looks credible, its accent has annoyed Erik Voorhees. “$9m amount is beneath than 0.2% of our aggregate over the time-period,” he tweeted. “Meanwhile all-around money bed-making through banks is 2-5%. Op-ed forthcoming.”
Bitcoin 10-Year Cash-Ins Are Coming
It was assured that artful marketers would dream up means to capitalize Bitcoin’s 10-year anniversary. The event, which avalanche in January 2019, has aggressive a bulk of projects to agilely banknote in on the Bitcoin name. We recently reported on a French art anniversary that will see a accumulation of all-embracing artists display their cryptocurrency-themed works. Now, a Swiss affluence watch maker has commissioned a bound copy watch to mark the occasion. The Big Bang Blockchain alarm mercifully looks beneath clumsy than it sounds.
Just 210 of the watches will be bogus afore actuality alien to barter on January 3, 2024. While acquittal can be fabricated in a ambit of cryptocurrencies including bitcoin amount and monero, reserving one calls for uploading accurate ID, which affectionate of defeats the point of advantageous in bearding crypto. Expect affluence added audacious cash-ins afore Bitcoin’s 10-year ceremony has appear and gone.
Coinbase’s Top 50 Tracker Leaves a Lot to Be Desired
As we reported yesterday, Coinbase is ablution a aperture for tracking the top 50 cryptocurrencies by bazaar cap. The exchange’s bazaar tracker folio is now live. While nice to attending at, its assay leaves a lot to be desired. In accession to attached its alternative to aloof 50 of the 1,500 tradable crypto assets, the descriptions for anniversary bread are a tad underwhelming. Its description for Holo, for example, reads: “Holo is a cryptocurrency. Currently, it is ranked cardinal 50 by bazaar cap amid cryptocurrencies.” Thanks, Coinbase.
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