Cryptocurrency
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- neverscared-1
‘Bitcoin Rodney’ Pushed Crypto With Jamie Foxx and Rick Ross. Now He’s Under Arrest
With celebrity endorsements to spare, the influencer promised he could easily make you a millionaire — and promoted an alleged pyramid schemeTHIS ARTICLE WAS produced in collaboration with Court Watch, an independent outlet that unearths overlooked court records.
The dream of making a quick and easy fortune in cryptocurrency took yet another hit on Friday with the arrest of Rodney Burton, a.k.a. “Bitcoin Rodney,” a relentless promoter who sold himself as a high-tech financial guru and was often seen out with celebrity pals including Jamie Foxx, Rick Ross, Marlon Wayans, and Tiffany Haddish.
Burton, whose 2021 “Reinvent Yourself With Crypto” event in Miami also included appearances by singer Akon, FUBU founder and Shark Tank regular Daymond John, and convicted fraudster Jordan Belfort (whose memoir The Wolf of Wall Street inspired the Martin Scorsese film), was taken into custody in Florida and is awaiting transfer to Maryland, where he’s being charged. The criminal complaint that was filed rests on an affidavit by a special agent of the IRS who found probable cause to believe that one of the crypto operations that Burton was involved in was an “unlicensed money transmitting business.” Burton is accused, in short, of illegal transfer of currency — but the broader accusations in the legal filing paint a picture of a pyramid scheme operated by several people, including Burton. (Burton did not respond to requests for comment through social media or his public defender.)
- drgs-2
- grafician-2
And another one for you guys...
- grafician-5
- sorry to say, but the stock price of one exchange has no bearing on the stock price of anothermonospaced
- Usually if a sector goes down, it's as a group. This makes sense.monospaced
- graf's a fintech bro though*, what do you know?
*he's a designerfadein11 - @mono COIN is the only exchange listed.
@fade I work in fintech and I have a degree in Economics, plus over 15 years of design.
You?grafician - I'm not claiming to be an expert on anything and/or everything. Just pointing out some of the BS you post.fadein11
- Fine art, 20 years design / web dev.fadein11
- Sure, but why would I post BS in the first place? For you to point out? You can always add more info on something if you have it.grafician
- Look at the original thread buddy. I simply pointed out your sweeping statement was wrong. Read it slowly. Even your own links proved you were wrong.fadein11
- Yet you still claim to be right. And assume people who disagree who are moonbros etc. you post a lot of decent stuff but seem desperate for approval here.fadein11
- Find it odd you choose to argue with so many here.fadein11
- Sure, you can also interpret some info or data in so many ways, but when a consensus is reached over some data that make that a fact...anyways, let's chillgrafician
- also to make it clear, my interest in crypto is just a trend - it happens that crypto is "hot" rn and I'm curious about it stillgrafician
- Also why would I seek approval?! From you or the other unknowns here? That's dumb.
I also post in Fashion, Nature or Art threads a lot more than in crypto...grafician - So do you see me arguing with you in the Art thread? Do you see me arguing with the other known people here? Simon, Maqui, hans?grafician
- yeah... I guess I see you being very opinionated and argumentative with others. if you look at that thread, there was no argument from me, just pointing outfadein11
- a factual discrepancy but you got on one which got me on one and now weeks later we are still discussing it lol... its pathetic. But yes let's chill. I likefadein11
- But it's very easy to argue about crypto because there are so many ppl in this arena that have no clue about the issues discussed. Agreed?grafician
- most of your posts, less the attitude. Anyway, all good. Just don't assume people who may make one comment have as much invested in the subject as you.fadein11
- You were still wrong though :)fadein11
- Agree to a degree but I think most crypto investors here are pretty casual. I had a go, made some money, no ones losing their house here (I hope).fadein11
- Yes I sued coinbase and it was a ridiculously simple process to buy and sell and take money out. But yes outside of this forum there are people losingfadein11
- everything. We are mostly in our 40's on here, do you really think people here are so stupid.fadein11
- *used not sued lolfadein11
- once again, not sure how a the price of binance would or could have any impact on the stock price of COIN. They aren't connectedmonospaced
- the downfall of one does not signify the success of another, or vice versamonospaced
- @mono that's exactly what it means - please don't comment if you have no clue, at least not on my posts anyway, whatever you think you might know is wronggrafician
- @fade so you have that kind of exposure to crypto to even sue coinbase...oh boy. Good you got out at least?grafician
- Lol, the butt is hurt in this one, admit defeat now, you were wrong and still are. Your own links proved it, see exhibit A. The link you shared.fadein11
- No really, just try to buy some bitcoin from Binance while in the UK, tell us how that goes, add more info please.
Also know before you can't sue Binance lolgrafician - Please stop insisting that I have no clue. I don't see how the two could be connected. Care to explain?monospaced
- Sure. Coinbase is the only regulated, listed exchange. Second after Binance in volume. If Binance drops, Coinbase should rise as the main competitor...1/2grafician
- but that didn't happened, au contraire, the stock dropped significantly. This is the oddest thing I've seen recently in crypto. 2/2grafician
- COIN stock is also used by many for exposure in crypto without buying. The fact that stock price of Coinbase is tied to crypto market prices is very worrying.grafician
- This ultimately could point that institutional interest in crypto is over, if they were even interested in the first place. Coinbase will die with crypto.grafician
- This also tells you that interest in crypto overall is fading and there isn't any new spark that can trigger another bull cycle. So it's game over this year?grafician
- Initially I was very interested in getting exposure to crypto by getting into the COIN IPO but very glad I didn't, as you can see why.grafician
- When I've seen Cathie Wood from ARK selling Tesla shares to buy COIN then going on youtube to promote crypto I was like "alright, bye bye bye"grafician
- anyway, another angle would be: if coke goes bust, then pepsico stock should go to the moon, in a normal market
but in crypto...grafician - Now, all this should make sense right? Guess what, it's not! COIN shares were dropping way before the crypto bear market.
So conclusion: beats me LOLgrafician - Why would a competitor drop if the other rises? I don’t see the connection.monospaced
- Your Coke Pepsi analogy does t work either. That’s not how it works. If Coke goes down it’s likely because the sugar water market is bad. Both go down.monospaced
- If coinbase goes down, the sector is showing a slow. Like you said. Like I SAID. When one goes up it doesn’t automatically mean competition goes up.monospaced
- If you want to explain HOW the drop in one affects the other positively then do so. But I stand by my statement which reflects reality.monospaced
- Anyway, if this goes on for another quarter, pretty sure then that COIN is a sweet fraud and heads will roll.grafician
- Sure, that's all what most people think it would work, but again, all this is not rational at all. That's why it's very odd.grafician
- But coming back, with Binance, you don't have other exchange to buy in the West. Testla bought thru Coinbase. So without Binance all West trades thru Coin...grafician
- And that should skyrocket the stock being the only "legit" exchange, but clearly it's not. Waiting for the Q2 to find out moregrafician
- Btw did you knew they filled Q1 early to look good for the IPO?grafician
- grafician-5
- says for maintenance... but yeah.... binance are taking some hits recently.shapesalad
- Maintenance? Where? Check back in 6 months...grafician
- "Binancians?" cringeKrassy
- grafician-3
Paolo minted another 1B Tether lol
64,206,834,131 USDT
Tether surpassed Bernie Madoff for the biggest scam in financial history
- grafician-5
"hamburgerwah 8 hours ago [–]
I haven't seen any evidence there was in fact a hack at all. A digital contract was used in a way that complied with the contract that the bonehead writers of that contract did not intend. That's it. If bad contract writers get to cry "hack" and beg for their money back there is no point to digital contracts at all.
If someone had physically or electronically broken into systems and illicitly copied private keys that would be a different story. Here someone executed permissible actions on chain that people didn't like, wah wah.You have to be an absolute tool to use the poly network for anything serious ever again."
- By the looks of this explanation, the "hacker" was an insider:
https://rekt.news/po…grafician - crazy isn't it, Eth up 43% in less than a month.fadein11
- So how is that related to DeFi being trash?
Or who gives a shit about WSBets pumping meme stocks or MAGA lunatics sending money to Trump lolgrafician - Crypto is not rational. Act accordingly.grafician
- lolfadein11
- @fade Tether started printing again so that's why most coins had a boost latelygrafician
- Eth has gone up nearly 600% in a year, I'm afraid it's a little more complex than that.fadein11
- i hold a couple things and have a trade account (just play money), skimmed enough to buy a sofa and a digital piano for my niece in the last weekkingsteven
- now removed more than i've put in just buy buying things with silly names when i'm drunk. just don't invest more than you can afford to loosekingsteven
- precisely that kingfadein11
- By the looks of this explanation, the "hacker" was an insider:
- PhanLo-2
- neverscared-3
From $25 billion to $167 million: How a major crypto lender collapsed and dragged many investors down with it
Celsius filing for bankruptcy this week surprised virtually no one. Once a platform freezes customer assets, it’s typically all over. But just because the fall of this embattled crypto lender didn’t come as a shock, doesn’t mean it wasn’t a really big deal for the industry.
- grafician-3
I've seen this video a few years back and I knew then that crypto was a bust and these guys were shady af
Then watched some of Raoul Pal's videos and also thought that Michael Saylor was insane using company's moneys to buy bitcoin but hey
and then started posting a lot more anti-crypto stuff
Now I see a lot of these companies in crypto have a lot of their shitcoins on their balance sheets so it's basically FTX all over the place
Crypto was dead since a long time ago, unless you were just trading like just another asset and instead holding this shit and believing in it, oh man...
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- Ik it must hurt for so many, but financial knowledge is not taught in schools for a reason ;)grafician
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