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"Intellectually very high level": Watch Trump's hilarious attempt to understand Bitcoin 

Boing Boing/Midjourney

In his desperation for campaign cash, Trump is courting crypto bros by promising that he will be nice to them when he becomes President. Last week, he spoke at a conference for Bitcoin enthusiasts and pretended to know what Bitcoin is and how it works. — Read the rest

The post "Intellectually very high level": Watch Trump's hilarious attempt to understand Bitcoin  appeared first on Boing Boing.

Crypto influencer guilty of $110M scheme that shut down Mango Markets

Crypto influencer guilty of $110M scheme that shut down Mango Markets

Enlarge (credit: apomares | E+)

A jury has unanimously convicted Avi Eisenberg in the US Department of Justice's first case involving cryptocurrency open-market manipulation, the DOJ announced Thursday.

The jury found Eisenberg guilty of commodities fraud, commodities market manipulation, and wire fraud in connection with the manipulation on a decentralized cryptocurrency exchange called Mango Markets.

Eisenberg is scheduled to be sentenced on July 29 and is facing "a maximum penalty of 10 years in prison on the commodities fraud count and the commodities manipulation count, and a maximum penalty of 20 years in prison on the wire fraud count," the DOJ said.

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