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crypt1d | 2 years ago

The rumour about Binance indictment by DoJ has been going around for 1-2 years now. Its one of the last remaining pieces of major news that could have potentially negatively affected the industry. After two years of prosecutions, regulatory uncertainty and general poor market conditions, its only now starting to feel like there's light at the end of the tunnel.

discuss

order

tucnak|2 years ago

Your optimism is fascinating & inspiring. Perhaps one day it would mature enough for GNU Taler and the like.

yscal|2 years ago

do the recent Kraken charges change this sentiment at all?

crypt1d|2 years ago

Not really. SEC investigations are civil, not criminal. They might end up paying a fine, but there is no risk of jail time or anything similar. Also, while I like Kraken as an exchange, its market share is not significant enough for it to matter in the big picture.

artursapek|2 years ago

Coinbase has been charged with more or less the same thing since this summer. The SEC is grasping at straws at this point.

ratg13|2 years ago

Pay no attention to those stablecoins over in the corner.

The name implies they are stable, what more could anyone want?

vkou|2 years ago

> Its one of the last remaining pieces of major news that could have potentially negatively affected the industry.

What, is the giant ticking timebomb of the USDT money printer not likely to 'negatively affect the industry'?

toenail|2 years ago

> Its one of the last remaining pieces of major news that could have potentially negatively affected the industry

Lol. Tether imploding anyone?

jgilias|2 years ago

That’s pretty unlikely to happen at the moment though. I’m far from a Tether fanboy, but in this interest rate environment they are likely making boatloads of money just by sitting on a nice chunk of T-bills.

Enogoloyo|2 years ago

Light to final blow against crypto the horrible CO2 production and the annoying get rich apps.

Let's hope it dies sooner than later.

asterix_pano|2 years ago

There are now lots of efficient cryptos and some that can run on a single wind turbine. But I am with you, hoping the energyvore ones die as fast as possible.

artursapek|2 years ago

Yes, it's so nice how the traditional finance system has no CO2 emissions