“This means any dollar transfers between these entities are captured on the Signet blockchain in perpetuity. Hint hint.”... do you really believe their “private blockchain” is immutable? 😉
More great reporting. I bet the crypto coin valuations that are holding up are being supported by a bunch of wash trading among a relatively limited number of counter parties.
There was a correspondent on the Bird Site named Andrew (I think?) who suggested that there might be 'geopolitical ramifications' (or something like that) for moving too aggressively on some of these crypto networks. Is it crazy to think that law enforcement is parked on SIGNET and SEN watching the money flows? Considering the recent Bulgarian raid of Nexo, it doesn't seem beyond the realm of possibility that the Bulgarians had 'eyes and ears' in critical places to assist them in their endeavors.
My ears perked up with that Zhu Su tweet about GBTC provenance; however, not sure how trustworthy the source is given his...circumstances. If he has proof though, I'm sure the Feds would listen
“This means any dollar transfers between these entities are captured on the Signet blockchain in perpetuity. Hint hint.”... do you really believe their “private blockchain” is immutable? 😉
More great reporting. I bet the crypto coin valuations that are holding up are being supported by a bunch of wash trading among a relatively limited number of counter parties.
There was a correspondent on the Bird Site named Andrew (I think?) who suggested that there might be 'geopolitical ramifications' (or something like that) for moving too aggressively on some of these crypto networks. Is it crazy to think that law enforcement is parked on SIGNET and SEN watching the money flows? Considering the recent Bulgarian raid of Nexo, it doesn't seem beyond the realm of possibility that the Bulgarians had 'eyes and ears' in critical places to assist them in their endeavors.
But maybe I need a tin foil hat.
Ironic that for thousands of years, to determine whether currency was legitimate, people literally bit coins.
Blackrock just took a 7.5% stake in SBNY.
They are probably banking on minimal regulatory oversight.
Regulators have been extremely slow and pathetic in their response to most crypto related “irregularities”
SEN is not a blockchain
My ears perked up with that Zhu Su tweet about GBTC provenance; however, not sure how trustworthy the source is given his...circumstances. If he has proof though, I'm sure the Feds would listen
If regulators think that by ignoring Signature and Signet the problem will go away, they are severely mistaken.
Ignoring what Signature is doing will lead to *more* problems and KYC/AML laws will be completely toothless.
Time for regulators to stop ignoring crypto...
Great work Mike.