Crypto News

  • Thread starter Thread starter nycfan
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nycfan said:
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For reference, moving with stock market, not with gold/silver (Bitcoin has been sold to investors as electronic gold)

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Bitcoin has reverse trend and is performing more against equities trends ….

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“… In July 2017 Abramoff and his business partner Marcus Andrade began raising money to launch a cryptocurrency called “AML BitCoin,” which, ironically, stood for “Anti-Money Laundering.” To drum up investor interest, the duo effectively purchased free positive press by making undisclosed payments to journalists in conservative and financial media. Many of the payments were organized by Brian Darling, a former staffer for Sen. Rand Paul who now works as a lobbyist at a firm he founded called Liberty Government Affairs.

To keep track of the money, Darling created a spreadsheet that listed the names of writers, the payoffs they received, and the articles that resulted from those payoffs.

In June 2020, Andrade and Abramoff were indictedby the Department of Justice for making “false and misleading statements to potential purchasers” of their AML cryptocurrency. Darling’s spreadsheet was introduced as evidence in Andrade’s criminal trial. It was made public in a court filing last July, but hasn’t been reported on until now.

In all, Darling spent $12,800 through his lobbying shop to buy positive press for the coin, according to the spreadsheet. Among the recipients were financial publications like Forbes and TheStreet and conservative outlets like RedState and the American Spectator.…”
 
nycfan said:


🎁. https://www.wsj.com/real-estate/fan...7?st=qCgigq&reflink=desktopwebshare_permalink
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“… The mortgage company Better Home & Finance and the U.S. crypto exchange Coinbase Global unveiled a new mortgage product Thursday that allows home buyers to pledge their crypto holdings when getting a Fannie-backed mortgage, instead of selling the crypto to make a cash down payment.

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The goal is to tap in to demand from potential home buyers who don’t want to use their cash savings for a down payment and don’t want to sell their crypto investments, often either because they want to avoid a capital-gains tax bill or because they want to maintain exposure to crypto markets.

“A lot of those crypto owners and investors have not been able to become homeowners,” because they don’t want to sell their crypto investments, said Max Branzburg, Coinbase’s head of consumer and business products. “We haven’t really had the best way to service that need.”…”
 
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