Nobody Cares: the Non-Fungible Thread

[Casey Pelous]

By any chance, are any of these swindlers companies known as Bialystok and Bloom?

 

[Dakota Tebaldi]

Why this, unfortunately, isn't just about a bunch of gambling addicts losing their Chuck E Cheese tokens. From the end of last year:

Quebec pension manager and WestCap invest $400-million in cryptocurrency lending platform

Cryptocurrency platform Celsius Network has a core business focus of retail and institutional investors, and the Caisse de dépôt et placement du Québec has contributed its investment in the company

www.theglobeandmail.com

The Caisse de dépôt et placement du Québec has made its inaugural investment in a cryptocurrency company, even amidst growing scrutiny of the digital-asset world from global regulators.

The Caisse, which is Canada’s second-largest pension fund manager, announced Tuesday that it is participating in a US$400-million funding round for New Jersey-based cryptocurrency lending platform Celsius Network. Investing alongside the Caisse is San Francisco-based WestCap Group, a private equity firm set up by former Airbnb executive Laurence Tosi.

 

[Kamilah Hauptmann]

This one might not be paywalled: The Caisse invests in a cryptocurrency lender targeted by market authorities in the United States

 

[Essence Lumin]

This one might not be paywalled: The Caisse invests in a cryptocurrency lender targeted by market authorities in the United States

It shouldn't matter much to them. They invested 400 million. They manage assets of 400 billion.

 

[Bartholomew Gallacher]

Fuck yeah!

 

[Lexxi]

This always kind of made me think I was in some twisted alt reality too stupid to be believable.

-Environmental crisis
-Let's make virtual money through a means that makes the environment even worse!
-virtual money begins to collapse/be seen as a scam/etc.
-environment still screwed.

 

[Dakota Tebaldi]

 

[Essence Lumin]

Down, down, down it goes
How far down nobody knows
(under 22,000 anyway)

 

[Veritable Quandry]

With a short Google session, it looks like Bitcoin is at or near the cost to mine a new coin. It looks like miners are holding more minted Bitcoin in hopes of a rally, but if this continues the incentive to keep mining and maintain the blockchain may drop to the point that a significant number drop out.

The articles I looked at all included cost of equipment. So operators who have paid off their kit face lower marginal costs to mine, but it is still in the neighborhood of $7k for just power, another $1.5k for cooling.

This is a quick and dirty search, so feel free to correct me if my numbers are off, but that seems to be the ballpark using several sites.

 

[Dakota Tebaldi]

 

[Kamilah Hauptmann]

Wait until Microstrategy margin calls.

 

[Free]

Chevy is auctioning off a Corvette NFT, and the winning bidder gets the car, too

The car will be painted in a unique “Minted Green” color.

www.theverge.com

At least you get something cool and useful along with it.

 

[Dakota Tebaldi]

 

[Kamilah Hauptmann]

 

[Dakota Tebaldi]

OOOOOPS even Apple's walled-garden couldn't stop a scammer from creating hacked versions of popular crypto-wallet phone apps and just stealing peoples' wallet keys as they used them.

Hackers clone Coinbase, MetaMask mobile wallets to steal your crypto

Security researchers have uncovered a large-scale malicious operation that uses trojanized mobile cryptocurrency wallet applications for Coinbase, MetaMask, TokenPocket, and imToken services.

www.bleepingcomputer.com

 

[Kamilah Hauptmann]

OOOOOPS even Apple's walled-garden couldn't stop a scammer from creating hacked versions of popular crypto-wallet phone apps and just stealing peoples' wallet keys as they used them.

Hackers clone Coinbase, MetaMask mobile wallets to steal your crypto

Security researchers have uncovered a large-scale malicious operation that uses trojanized mobile cryptocurrency wallet applications for Coinbase, MetaMask, TokenPocket, and imToken services.

www.bleepingcomputer.com

I know an IT security director for a university. Quoting him: You can't build the walls high enough.

 

[Free]

Dudes with abstract Twitter handles...

 

[Dakota Tebaldi]

 

[Dakota Tebaldi]

 

[Argent Stonecutter]