Tutto Crypto
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4. Another day, another FUD. On rumors of layoffs. Binance has a "bottom out" (we should probably rename it to something else) program. We constantly say goodbye to people who are not strong fits with the company. Many of them are great people or high performers, but may not fit our unique culture/situation. Small example, WFH is not for everyone. This "program" is constant. I push for it on a weekly basis. There are no % of people we have to "push out". I also push for cost cutting, servers, flights, meals, etc, every week too. This may be why ... 👇 Binance has stay profitable since month 4 of our inception. From Oct 2017 onwards, through 2 crypto winters, Binance maintained profitability on a daily, weekly and monthly basis. We always strive to increase talent density. We do performance management. And we are still hiring.
Facilitated trade for Ukrainian products, and stronger rules to prevent financial crime through crypto-assets - this will be the effect of two of the new EU laws negotiated under #EU2023SE. Signed by @peterkullgren and @EP_President today, they now enter into force.
In the past two days, the Multichain protocol has experienced multiple issues due to unforeseeable circumstances. The team has done everything possible to maintain the protocol running, but we are currently unable to contact CEO Zhaojun and obtain the necessary server access for maintenance. This afternoon, there was an issue with the scanning node network of Router5, which has affected the normal cross-chain service of some chains. Furthermore, this problem is beyond the team's current permissions and ability. In order to protect the interests of our users, we have decided to suspend the corresponding cross-chain service for the affected chain on the UI. Last week, the same issue happened on Router2. We appreciate the user’s understanding and request that our partners stop directly calling the Multichain protocol smart contracts on/to the affected chain for cross-chain operations. All the affected chains are: Kekchain, PublicMint, Dyno Chain, Red Light Chain, Dexit, Ekta, HPB, ONUS, Omax, Findora, Planq.
Attention all crypto promoters who use social media to manipulate the price of crypto-securities: Fail not at your peril. Not only will you eventually get caught, but your prosecution will also be like shooting fish in a barrel. Whether manipulating the price of exchange listed-securities, microcap-securities, penny stock-securities or crypto-securities, the same anti-fraud rules apply. So get smart crypto-shills, because your days are numbered. The Unique Thing About Securities Crimes What amazes me most about crypto promoters in particular is the brazen and arrogant way so many of them grift their victims -- always in plain view. Be it on Twitter, Discord, Instagram, Reddit, etc. -- the fraud is always easy to find, easy to archive and easy to present to a judge or jury. That's the thing about investigating securities fraud, the perpetrators want to be found; they need to surface to convince their victims to buy into their deception. In other words, for SEC enforcement lawyers and FBI agents, bringing crypto promoters to justice is not like trying to identify and apprehend stealth hackers who are attempting to tamper with the energy grid. In stark contrast, regulators and law enforcement need only turn on their computers to discover an extraordinary and resplendent evidentiary trail of compelling and vivid inculpatory evidence. Indeed, far from tying government's hands, social media has become the virtual rope that many crypto bros (and sisters) use to hang themselves. Ricky Bobby For example, last week, the Securities and Exchange Commission brought partially settled charges against Francis Sabo (also known as “Ricky Bobby”) in a $100 million securities fraud scheme in which Sabo, along with several other defendants previously charged by the SEC in December 2022, used social media platforms to manipulate exchange-traded stocks. According to the SEC, since at least January 2020, Sabo promoted himself as a trustworthy stock-picking guru and cultivated a substantial following in the Atlas Trading forum on Discord, a free online forum purporting to provide educational content about trading and securities markets. The SEC contends that Sabo, like the previously charged defendants, purchased certain stocks and then encouraged his substantial social media following to buy those selected stocks by, among other things, posting price targets or indicating he was buying, holding, or adding to his stock positions. However, as the complaint alleges, when share prices and/or trading volumes rose in the promoted securities, Sabo regularly sold his shares without ever having disclosed his plans to dump the securities while he was promoting them. The SEC further alleges that from at least January 2020 through December 2022, Sabo made over $1 million from his participation in the stock manipulation scheme. Prosecutors say Sabo was a moderator of the Atlas Trading Discord, which had 250,000 members, and was known to the community by his username "Ricky Bobby." The username even contained an emoji for a race car, much like one driven by a fictional character of the same name in Will Ferrell's 2006 comedy "Talladega Nights." Sabo deleted his account in order to hide incriminating evidence after eight of his co-conspirators were indicted late last year, according to the plea deal. The indictment cites extensively from public statements posted to Twitter and from records of private conversations involving the accused group's members. SEC Sabo Press Release: sec.gov/litigation/lit… SEC Sabo Complaint: sec.gov/litigation/com… Related DOJ Criminal Indictment: johnreedstark.com/wp-content/upl…
1/ Is playing move to earn games still profitable in 2023? Our recent study shows a significant decline in the profitability of participating in #M2E games from 2022 to the present. Read the full study: gcko.io/g9gdlt9
4. Another day, another FUD. On rumors of layoffs. Binance has a "bottom out" (we should probably rename it to something else) program. We constantly say goodbye to people who are not strong fits with the company. Many of them are great people or high performers, but may not fit our unique culture/situation. Small example, WFH is not for everyone. This "program" is constant. I push for it on a weekly basis. There are no % of people we have to "push out". I also push for cost cutting, servers, flights, meals, etc, every week too. This may be why ... 👇 Binance has stay profitable since month 4 of our inception. From Oct 2017 onwards, through 2 crypto winters, Binance maintained profitability on a daily, weekly and monthly basis. We always strive to increase talent density. We do performance management. And we are still hiring.
#PeckShieldAlert In May 2023, scammers/rugpullers managed to grab at least $55M. For instance, ZachXBT found that the team behind the ponzi scheme @DFintoch has likely exit scammed with $31.6M USDT and the IPP staking pool was rugged for $14.5M. Due to the popularity of #memecoin, several scammer gangs created dozens of fraudulent tokens that mimic popular memecoins. They artificially drove up the price of these scam tokens to attract a significant number of investors and then executed a series of rugpulls.
Today @andr3w supported a charity project rug by @hopeexist1 someone supposedly battling cancer causing the project to mint out. “I’ll put my rep on the line to say this is for real amidst all the scams in our space” It turns out she stole the art and deactivated her account.
SCOOP: According to multiple sources who confirmed to WuBlockchain, Binance has started layoffs, and the proportion is still uncertain. The total number of Binance employees is about 8,000, market rumors that the proportion of layoffs in June was about 20%. As of press time, Binance has not responded to this.
