Hodder Law Weekly Newsletter - December 21, 2022
Hello everyone, I hope you are all having a great week! The price of Bitcoin as of Wednesday, December 21 at 5:30 p.m. EST is $16,767.
Headlines.
Crypto journalist Tiffany Fong has been sharing files. First she leaked Alex Mashinsky’s transaction history she’s got Nuke Goldstein’s Celsius Network transaction history dating back to 2018. Since 2020 Nuke’s taken $11.68 million worth of tokens from the Celsius Network. #ClawBackComing.
Jack Dorsey has provided Nostr with a 14-bitcoin grant to build Twitter's replacement. Nostr is a censorship-resistant Twitter alternative based on open-sourced, trustless, tamperproof technology. Way to go Jack & Nostr. #FreeSpeechForReal.
Coinbase received more than 12 thousand government demands for customer info this year. Law Enforcement requests were up 66% from the previous year, and almost half are coming from the United States government. Coinbase has over 108 million customers worldwide. #50RequestsADay.
FTX moves to sell LedgerX, in bankruptcy. FTX is offloading many of its business lines to the auction block. FTX will look to sell quickly to ensure the value of these businesses can be maintained, as many of their operations have been suspended. #WhoseBuying?
SEC Commissioner Peirce describes problems in the SEC's approach to crypto. The Howey Test may no longer be reasonable for judging crypto securities. #WhatComesNextIsGoingToBeWorse.
FTX just showcases all the greed and corruption. Centralized exchanges are just the traditional finance industry on steroids. They don't offer much in the way of freedom-related innovations. #Self-Custody.
Elizabeth Warren's Crypto Bill is terrible. In an attempt to capitalize on the outrage over FTX, Senator Warren has proposed heavy-handed legislation that would negatively impact developers and Bitcoin miners. #LackOfUnderstanding.
Self-Custodial Onboarding Will Be the Norm in 2023. The carnage of the crypto winter has brought light to new ideas and projects guiding the industry to safer standards. UX focused on self-custodial onboarding will be the key to success in 2023 and beyond.
The Best Bitcoin Lightning Payment Solutions.Any retailer interested in accepting Bitcoin should explore the Lightning Network. This article compares seven options and provides a summary matrix so readers can compare the features and benefits of each payment solution.
HODLCast
Sam Bankman-Deep-Fried is headed to the USA. The U.S. Government requested the Bahamian authorities to arrest Sam Bankman Fried (SBF) on December 12, 2022, based on a sealed indictment filed by the Southern District of New York. The arrest comes just over a month after the shocking implosion of the centralized exchange, FTX, which was trusted with over $32 billion of clients' assets. The International arm of the exchange offered clients 20X leverage trading.
Blog: The Monumental Fall from Grace.
Make it a great week!
Sincerely,
Sasha Hodder
Hodder Law
