This is a story about John Phillips, a Rome-based journalist who last year was convicted for libelling the UN Food and Agriculture Organisation and ordered to pay > €80k https://t.co/DCLY5y420a
Great to see @FortuneMagazine's first crypto ranking go live. I spent the past few months devising the methodology and executing the research — a tough challenge but rewarding when it all came together.
https://t.co/uxZGvLTIIa
@leomschwartz yes, basically. blockfi's fine was $100 million, eg, and regulators are slow to catch on. exchanges also tend to argue that cryptocurrencies are not securities and try to be at least somewhat careful about which ones they list (eg the crypto rating council).
@Dave_Clare1@JBSDC@CFTC probably because it undergirds so much of the market. it's also issued by a centralized organization, making it an obvious target for legal action if it falls foul of the regulations.
Mining bosses are panicking.
After Bitcoin crashed and energy costs spiraled over the summer, mining firms that took out expensive short-term loans to buy hardware during the bull run now teeter on bankruptcy. https://t.co/8VtgPQQrrp
@JBSDC@CFTC agree, although the act defines commodities as anything (except onions and cinema ticket receipts!) "in which contracts for future delivery are presently or in the future dealt in." that's p much all crypto, no?
OpenDAO airdrops SOS token for users of OpenSea's NFT marketplace; the token, unaffiliated with OpenSea, is up ~10x in two days as watchers debate its prospects (@rob_stevens_ / Decrypt)
https://t.co/klIZLSQ87a
https://t.co/HfStfozqdG