BlockFi - The 55 million Robinhood shares SBF pledged to Zac Prince are being called into bankruptcy, and the BlockFi lawyers are suggesting this is a bad faith move to make the situation more complex. It's been estimated that BlockFi owes up to $10 billion to more than 100,000 customers, and the top three creditors are owed $1.3 billion alone. Cel…

BlockFi sent an email to creditors indicating that the court approved the procedures for the claims process. - If you disagree with the amounts they sent out, you need to file a Claims Form by March 30. The court has agreed to redact creditor names. UCC committee is objecting to the release of the funds that were in the non-interest-bearing wallets…

The Securities and Exchange Commission (SEC)’s complaint against Kraken alleges that Kraken sold an investment contract to the general public where investors transferred certain assets to Kraken for staking in exchange for annual investment returns (Kraken Staking Program). Kraken settled this action with a $30 million fine, 66.6% of its revenue fr…

FTX: - SBF was ordered not to use signal. He's been contacting Rayne Miller asking to reconnect and collaborate. - Bankman-Fried's lawyer, Mark Cohen, objected to the prosecution's proposed amendments to his client's bail, saying his client needed to communicate with some former employees, including his therapist, George Lerner. - Mr. Cohen also mo…

A new report from CNBC.com shows that BlockFi had over 1.2 million tied up with FTX. Almost half of Blockfi’s assets were tied to FTX. The lawyers for Celsius said the bids were lowball, and they didn’t consider selling the assets. Instead, they are trying to create an equity offering, so creditors get equity in the mining company, similar to what …

Internet censorship has been happening in communist countries like China, Iran, and North Korea for years, but now it’s coming to the western world too. The US, Canada, the UK, and Europe all have online speech-censoring legislation pending. Full Blog here.

Blockfi published a presentation outlining its coming bankruptcy proceedings. It said it reached out to 106 potential buyers shortly after its first bankruptcy hearing and will seek the court’s approval for the bidding to begin on January 30, 2023. Full blog here.

Check out the 2023 Crypto Predictions from: Sasha Hodder Rare Scrilla (2:48) Layah Heilpern (4:20) Theo Goodman (5:26) Lyn Ulbricht (8:50) Tone Vays (10:00) Mike in Space (11:11) Leah Wald (12:30) Ido Alexander (14:25) Doug TenNaple (15:00) Bill Wise (19:04) Bitboy (19:44) Remo (20:10) Gideon Heilpern (22:10) Constant (22:46) Crypto Lama (23:55) Jo…

BlockFi filed for Ch 11 Bankruptcy in NJ on Cyber Monday, after halting withdrawals on November 10. The SEC and various state regulators put a real damper on their business when it was sued for $100 million, and forced to shut down its interest accounts in the US. BlockFi nearly went bankrupt in July, and FTX swooped in and offered a $400 million l…

Talking with BitBoy Crypto about the FTX Collapse, the regulatory ramifications, twitter, Kanye West, and more.

This episode of the HODLCast was recorded on Wed, Nov 9, 2022. The FTX exchange has imploded, it turned out they were gambling with user's funds while lobbying for industry regulation in DC. FTX global, US, and Alameda Research all filed bankruptcy on Friday, and then got hacked late in the evening, draining all accounts to zero. Decentralized exch…

Bill Wise & I discuss the evolving crypto regulatory landscape with a focus on the SEC's investigation of Yuga Labs, Kanye's censorship by JP Morgan, and Chainalysis's Cybercrime report. Follow Bill on LinkedIn https://www.linkedin.com/in/bill-wise...

Josh and I discussed the chilling future of Central Bank Digital Currencies. Joshua Scigala is the founder of TheStandard.io & Vaultoro.com. http://TheStandard.io is a decentralized stablecoin protocol that enables users to lock up crypto and or physical gold to generate multiple fiat-pegged stablecoins. FollowJosh on Twitter: @JScigala Movie sugge…

Bobby Lee is the founder and CEO of Ballet, a startup that provides user-friendly physical wallets for storing cryptocurrency. His first startup was BTCChina, China's first Bitcoin exchange. He exited the business after its successful acquisition in January 2018. Mr. Lee also serves on the board of the Bitcoin foundation. We discussed Ballet Wallet…

The Celsius Saga continues. - Users were Doxxed & Scammed - Insiders like Mashinsky allegedly withdrew hundreds of millions - The Independent Examiner is conducting an investigation - Dates are being set for the sale of assets - Restructuring plans need to be submitted fast Check out my full blog here: https://www.hodder.law/blog…

The CFTC filed a complaint against the Ooki DAO protocol as an “unincorporated association.'' The Commission served the lawsuit through a post in an online discussion forum. A lazy and highly unconventional approach compared to an in person delivery by a process server. The Commodities Exchange Act does not give them proper jurisdiction for this ac…

Coinbase filed a complaint against OFAC due to the Tornado Cash Sanctions. Tornado Cash, including the purported entity, the website tornado.cash, 37 smart contracts, and an address that was used to accept donations to develop the project, were added to the OFAC SDN List on August 8, 2022. This was the first ever sanction against open source code. …

The Whitehouse released a new report on the climate and energy implications of crypto assets that suggested the Biden administration will seek to limit proof of work (PoW) mining. The report was lazy, they didn't do any of their own research, and their citations weren't even good enough for the Bitcoin wiki page. PoW creates multiple layers of secu…

On August 29, 2022, the federal reserve announced that by next summer, they will begin the FedNow pilot, with over 120 companies signed up to participate, including every major US bank. This is the rails for a new and dangerous Central Bank Digital Currency (CBDC), They can be created out of thin air with no supply cap. It's a private ledger based …

On August 8, 2022, OFAC sanctioned the Tornado.Cash protocol, which was used by the North Korea hackers to launder stolen funds. Adding a protocol to the Specially Designated Nationals (SDN) list is a new and slippery slope. Historically, the SDN list is composed of individuals or businesses that are cut-off from the American economy because they a…

Gregg beautifully defines Bitcoin as sound money because it is durable, portable, divisible, scarce, and uniform. Gregg Braden is a five-time New York Times best-selling author, scientist, international educator and renowned as a pioneer in the emerging paradigm based in science, social policy and human potential. Gregg Braden is a rare blend of sc…

On May 12, 2022, Florida Governor DeSantis signed CS/HB 273, a big win for businesses dealing with virtual currencies. The bill goes into effect starting Jan. 1, 2023, updating Chapter 560 of the Florida Statutes to clarify which businesses need to acquire a license from the Florida Office of Financial Regulation (OFR) as Money Services Businesses …

Celsius had another Hearing on Sept 1. The “earn and borrow” program is all titled to Celsius, customers have no right of ownership to these funds, and any proceeds will be distributed at the end of the bankruptcy proceedings. Not your Keys, Not your Coins! The “custody and withhold” assets will be considered distinct from the “earn and borrow” pro…

Celsius had another Hearing on Sept 1. The “earn and borrow” program is all titled to Celsius, customers have no right of ownership to these funds, and any proceeds will be distributed at the end of the bankruptcy proceedings. Not your Keys, Not your Coins! The “custody and withhold” assets will be considered distinct from the “earn and borrow” pro…

HODL Cast Ep. 126 discusses the minimum criteria for a Decentralized Autonomous Organization (DAO). Our guest, Alice Albl, is a legal researcher and writer specialized in blockchain technology, cybersecurity, and data privacy. She recently graduated from Brooklyn Law School and is working with Des Femmes and Delphi Digital while preparing for the N…

Jeremy is the CEO of BTM Compliance, where he oversees over 80 Bitcoin ATM operators and his company helps walk them through everything they need to know to stay within the boundaries of the Bank Secrecy Act. BTM Compliance offers it's customers custom-built AML programs, FinCEN registration, SAR/CTR reporting, independent testing, customized KYC s…

Leon Siegmund is a writer with BitcoinNews.com as well as a co-founder of Bitcoin Club Malta. He has been a devotee of Bitcoin since 2015 and a former Bitcoin ATM operator. In this episode, Leon joins the program for an enlightening conversation about a variety of subjects, including his thoughts on Bitcoin vs. “Shitcoins” and Universal Basic Incom…

Sam Auch joins the program to talk some recent events in the crypto regulatory space that could affect you and your money soon! From the recent bill introduced by Elizabeth Warren that could prevent crypto companies from doing business with firms under sanctions, to the Federal Reserve's plans for its own digital currency, Sam & Sasha talk all the …

Musician, producer, artist and crypto evangelist DJ J-Scrilla, AKA Rare Scrilla, joins the show to talk about Rare Pepe series of Bitcoin-based NFTs, as well as the Fake Rare Directory! Learn how a silly internet meme based on an appropriated webcomic character became the launching point for the modern NFT bonanza. ABOUT THE GUEST: Rare Scrilla aka…

Outlier Compliance Group's CEO Amber Scott joins the show to talk about some current crypto events in the Great White North! First, Amber & Sasha discuss some regulatory changes currently in the pipeline for Canadian cryptocurrency platforms. Then, they talk about one of the biggest issues in Canadian current events, the "Freedom Convoy." They'll s…

HODLcast Ep. 119 with special guest Ryan Dennis! We discussed NFTs, the METAVERSE, the importance of real digital OWNERSHIP, web3 infrastructure, & the new emerging online economy. Check out Ryan on LinkedIn - https://www.linkedin.com/in/ryandennislive/ Follow Ryan on twitter at @NFTsDennis