Robbing from the poor to give to the ultra-rich — The Crypto bubble wiped out billions of dollars since November 2021, and the market continues to tumble to new lows every day. The populist narrative pushed by the crypto cult suggests inclusivity and financial equality for the less fortunate and those in developing economies. Yet none of these stories are…

A new US Senate Bill risks dismantling basic investor protections — In the last few weeks, the Senate has seen the introduction of S.4356 Lummis-Gillibrand Responsible Financial Innovation Act, a bill written explicitly by the crypto industry which is attempting to perform a massive reconfiguration of the American financial regulatory landscape specifically to carve out gaping holes in US policy to…

Wyoming is the American one-stop shop for tax evasion and crypto corruption — We know from the Pandora Papers that several American states are quickly becoming international centers of corporate corruption and tax shelters that now rival their Caribbean island counterparts like Panama and the British Virgin Islands. …

The West is turning a blind eye to the Russian crypto market while it is the easiest way to avoid sanctions that aim to pressure the regime. — Authoritarian regimes have a love and hate relationship with cryptocurrencies. The developed world is still trying to find the best way to approach this, mainly driven to ensure financial stability and security in their jurisdictions. However, Putin-type authoritarian leaders don’t only worry about international capital flows but also see digital…

Web3 has a solution for whatever ails you, except it just makes things worse. — Web3 has been described as many things to many people. A new version of the internet, a rebranding of cryptocurrency, a means to disrupt the American tech empire, and a way to democratize user data. It is, in effect, the technology cure-all for whatever ails you. No matter what problem…

Everyone who studies the history of finance knows the now-infamous story of Charles Ponzi. Ponzi is a swindler who, in the early 1920s, operated a loan company in a Boston suburb that promised unbelievable interest rates of 30% a month. He did this by paying out early investors from an…

Scam with the name of Unstable Stable Coins — The recent collapse of the Terra Luna project wiped out almost $47 billion in paper crypto value. The failure played out like Shakespearean tragedy as its unexplainable ascendency came to a swift end from the project’s hubris. People again who called themselves experts bought the hype, spread it and created…

This time is different from the dot-com bubble — Market bubbles are economic cycles of a drastic increase in the value of an asset, often marked by an expansion in credit, which leads to a euphoric state in markets where prices seem to defy gravity, right up until they don’t, and it all comes crashing down. The bubble occurs…

Sergei Mavrodi’s MMM Ponzi Scheme — At the end of the Soviet Era, a Russian Ponzi scheme arose out of the chaos and opportunism of the collapsing regime. The scheme was known as MMM and was formed by the initial letter of the surnames of its founders: Sergei Mavrodi, Vyacheslav Mavrodi, and Olga Melnikova. Principal founder…