Newsletter #245 - You've Been Gensler'd!

Yo Shitcoiners,

‍

Welcome to the latest edition of the Shitcoin.com newsletter! This week’s edition is a little lighter than usual as the Shitcoin.com team is at BTC Prague! Before jumping into the action, remember to catch this week’s Wage Cucking With Jmo episode. This week Jmo and Andreas were joined by the creator of Bitcoin Stamps, Mike In Space! Catch the episode below on YouTube or listen on Spotify or one of your favourite podcasting platforms. Just search for "Wage Cucking With Jmo".

‍

The SEC was coming down hard this week. They kicked things off by suing Binance.

‍

CZ is not backing down and is calling on the industry to back Binance in the fight. Steady lads!

‍

It’s quite clear who the public think are really on their side.

‍

But is there a conflict of interest that can’t be ignored? It turns out Gensler applied to serve as an advisor to Binance back in 2019… Oops.

‍

If you thought the SEC was done there, they were not. Coinbase were next.

‍

Let the chain smoking commence.

‍

To some lighter news now. One OG Bitcoiner has come out of the woodwork to indicate his support for Ordinals. Here’s an interesting tale of one early adopter from 2009 coming back to life.

‍

In 2023, the scammers are out in full force. Despite announcing he would be taking it easy for a while, Zach has been very busy. Here’s how 8+ account takeovers have led to almost seven figures ending up in the wrong hands.

‍

The scammers are going to great lengths to get your coins. Imagine fabricating a whole conference to rinse some people of their crypto!

‍

We round this one off with an important announcement. It’s been confirmed by Spencer Schiff we should not trust anything his dad says from this point onwards.

‍

That's all for this week. Follow Andreas on Twitter and stay up to date with us @Shitcoindotcom too. See you next time.

Team Shitcoin.com