Crypto collapse: Crypto.com’s shadow bank Transactive, US banks and crypto, Binance not so good with actual money

by Amy Castor and David Gerard

https://amycastor.com/2023/02/05/crypto-collapse-crypto-coms-shadow-bank-transactive-us-banks-and-crypto-binance-not-so-good-with-actual-money/

In this episode:

* Euros on Crypto.com have been frozen, because their EUR payment processor Transactive has fallen afoul of the Bank of Lithuania. Who are Transactive?

* The Federal Reserve loathes the idea of banks touching crypto, and Silvergate is absolutely not to even consider starting up Diem again.

* Binance is having a few issues with actual-money payments too.

hey #fediverse

so I’ve been thinking about this for a long time

at some point yr humble fediverse servant is going to get called into a meeting to justify how I am spending my time over here

& I suspect saying “listen this is the most fun I’ve had on social media since early Tumblr” is not the move

This is all to say: if you want local #news here, follow us 😁.

If we get this working I think other news orgs. will follow.

"Twitter has been taken over by the equivalent of a stoned ChatGPT (very confident, but very wrong)."

You write a line that good, I'm gonna boost you.

@mmasnick's latest banger is, well, a banger.

https://www.techdirt.com/2022/12/21/why-would-anyone-use-another-centralized-social-media-service-after-this/

I've been invited to do an AMA on Reddit tomorrow. Verifying that's really me!

https://www.reddit.com/r/Mastodon/comments/zqfr4h/ama_with_eugen_rochko_founder_and_lead_developer/