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Trump’s Crypto Aide David Bailey Calls out Reddit Bitcoin Mods on Censorship

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David Bailey, CEO of Bitcoin Magazine and aide of the Trump presidential campaign, criticized the behavior of the moderators of r/bitcoin, a popular subreddit where bitcoin-centric news and issues are frequently discussed. On social media, Bailey called out these moderators, stating updates about President Trump assisting the Bitcoin 2024 conference in Nashville were censored. “Wild … Read more

230 Economists Warn the US Government’s Proposed Inflation Reduction Act Will Fuel Inflation

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Last week, Democrats unveiled climate and health care legislation called the “Inflation Reduction Act,” and there’s a lot of debate over the name of the proposed public policy measures. After the legislation was revealed, 230 economists sent a letter to the country’s House and Senate leaders warning that the proposed policies will actually fuel inflation. … Read more

Goldman and Interactive Brokers Execs Claim Wallstreetbets Trend Could ‘Take Down the System’

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The heavy hitters in traditional finance have been concerned about the recent stock market action fueled by Redditors and a colossal number of retail investors. This week a Goldman Sachs executive warned that if these short squeezes continue it could “snowball through the market.” Moreover, Interactive Brokers founder Thomas Peterffy made similar comments this week … Read more

Massive Gamestop Short Squeeze Highlights the Fragility of Today’s Financial System

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The bigwigs trading stocks on Wall Street have been upset this week as billion-dollar hedge funds have been crippled by Redditors and memes. Not too long ago, the firm Gamestop’s shares were plummeting, and Wall Street veterans lined up a mountain of short bets against the company’s stock. However, members of the Reddit forum called … Read more

Bitcoin’s Big Believers: 6-Digits ‘Inevitable,’ BTC Has a Better Chance of Going to $100K Than Zero

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For a number of years now bitcoiners have predicted that the price of bitcoin will surpass its all-time high from 2017 and many believe it will rise to the $100k or six-digit price range. This week bitcoin enthusiasts discussed the possibility of the crypto asset reaching $100k at great length. In mid-December 2017, the price … Read more

Sources Say World’s Largest Darknet Empire Market Exit Scammed, $30 Million in Bitcoin Stolen

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One of the world’s largest darknet markets (DNM), Empire Market, allegedly exit scammed after the marketplace was taken offline for a number of days this week. DNM patrons are upset about Empire Market’s departure and customers say that $30 million in bitcoin held by the darknet’s admins has been stolen. Three days ago news.Bitcoin.com reported … Read more

Darknet Giant Empire Market Offline for 36 Hours, Blame Cast at Massive DDoS Attack

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According to a number of sources, one of the largest darknet markets in the world, Empire Market has been offline for well over 36 hours. The researcher and analyst Dark.fail has been tweeting about the subject, as the market hasn’t been down for this long since 2019. It seems the popular darknet market (DNM) Empire … Read more