NEWS | Goblin Crypto

Crypto Traders Retain Optimism Despite Hitting Max Depression on a Personal Level: ‘Detached from Reality and the Markets’

06/29/2022 8:00 pm 01/18/2023 4:32 pm

Cryptocurrency traders are obstinately clinging to a sense of optimism as they battle for survival under brutal market conditions, even as many reach what one could aptly describe as “maximum depression” on a personal level. “First time trading crypto that I’m sort of coming to terms with the nonzero chance we don’t have another cycle to bring us past $3 trillion [market capitalization] again,” an account called “Depression2019” wrote on Twitter on Tuesday. The …

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Morgan Creek Digital Reveals BlockFi Worth Less than its $1 Billion to Loan to 3AC

06/29/2022 3:00 pm 06/29/2022 11:58 pm

. BlockFi’s value has fallen by more than 90 percent since last year, according to asset-management firm Morgan Creek Digital. The revelation was included in a Morgan Creek call with investors, details of which leaked to CoinDesk over the weekend. The firm is seeking to come up with $250 million to purchase a majority stake in the ailing crypto company, which offers exchange and lending services along with high-interest accounts. The 51 percent stake the …

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Bloomberg Claims ‘Crypto Tax Cheats Likely to Get Relief’ Because the IRS Doesn’t Don’t Want to See Your Depressing Losses

06/29/2022 1:00 pm 06/29/2022 7:16 pm

Officials at the Treasury Department and Internal Revenue Service are reportedly set to delay a federal requirement for cryptocurrency exchanges and brokers to begin surveilling their customers’ activity. “The Treasury Department and the Internal Revenue Service are likely to push off a January date for the firms to begin tracking data,” Bloomberg News’ Allyson Versprille wrote in a morning report. The requirement was slated to go into effect on Jan. 1, 2023 for the 2024 tax …

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Roger Ver Goes Dark After CoinFLEX Chief Offers Evidence He Lost Company’s Money

06/28/2022 5:00 pm 07/04/2022 5:51 am

Prominent Bitcoin Cash (BCH) Roger Ver went dark on Tuesday after CoinFLEX CEO Mark Lamb shut down Ver’s brief effort to deny that he was behind the company’s financial woes. “Recently some rumors have been spreading that I have defaulted on a debt to a counter-party,” Ver wrote on Twitter early Tuesday afternoon. “These rumors are false. Not only do I not have a debt to this counter-party, but this counter- party owes me a …

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Celsius Denies Report that CEO Alex Mashinsky Attempted to Flee US for Israel

06/28/2022 2:00 pm 07/09/2022 2:47 am

Celsius, the disgraced crypto-lending firm, denied on Tuesday that CEO Alex Mashinsky attempted to leave the United States for Israel last week. “All Celsius employees — including our CEO — are focused and hard at work in an effort to stabilize liquidity and operations,” a spokesman said in a statement to media. “To that end, any reports that the Celsius CEO has attempted to leave the U.S. are false.” BrightScope founder Mike Alfred made the claim on …

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