Farcaster has been a nice refreshment for me. Currently a lot of developer types are present on the platform and I've seen lots of insightful conversations there.
Tokens are frozen "in-place" pending investigation. It differs from how it works with btc, because the government does not have control of the private keys that manage the addresses in question - so they go to Tether who controls the smart contract that manages the transactions of the tokens.
This, in practice, means that the US government controls the mentioned tokens for the moment. What happens with them depends entirely on the outcome of the investigation.
Neither of those statements is true. Bitcoin seized by US government is often sold off in auctions[1]. Tether seized by the government could also be redeemed for fiat eventually, following due process.
EDIT: I see now that you were actually comparing the case of USDT freeze against Bitcoin seizures. Nevertheless, Tether doesn't simply get to keep the USD value of the frozen tokens. US government would want to recover that.
I spent a good chunk of my youth in the kafana, AMA :)
Joking aside, my feelings about it are mixed. I have fond memories of good laughs and parties with friends, but also can't help but notice a lot of black outs and hangovers the day after :) don't get me wrong though, if you are a tourist, you should definitely experience it.
Not really. SEC investigations are civil, not criminal. They might end up paying a fine, but there is no risk of jail time or anything similar. Also, while I like Kraken as an exchange, its market share is not significant enough for it to matter in the big picture.
The rumour about Binance indictment by DoJ has been going around for 1-2 years now. Its one of the last remaining pieces of major news that could have potentially negatively affected the industry. After two years of prosecutions, regulatory uncertainty and general poor market conditions, its only now starting to feel like there's light at the end of the tunnel.
Happy to see this whole thing finally coming to an end, its a nice wrap to the dead market we've had for the past 2 years. I'm excited for 2024 in crypto!
Worth a lot. It probably would have been enough to plug the hole from stealing customer funds, if he managed to stay afloat for a few more months. Ah, the irony.
Linkedin is one of those 'necessary evil' services that we all agree to use because everyone else does, but nobody actually likes. While I realise the network effect is hard to break, I look forward to somebody finally disrupting it - even if it results in a slightly-less bad product.
I am really impressed by what the tailscale folks have been building. I use their product suite regularly and have nothing but good things to say about it. I will be tinkering with this mod as well starting next week ;)