Episode 457
HashFlare Co-Founders Plead Guilty to $577M Crypto Mining Ponzi Scheme
GameStop Stock Price Pumps After Report of Bitcoin Buying Plans
Coinbase Posts $2.27B in Q4 Revenue, Blowing Through $1.84B Estimate
Trump Wants All Bitcoin Mined in the US
Key Points:
$577 million in losses was caused by the HashFlare Ponzi scheme, and the co-founders have pleaded guilty.
The co-founders of HashFlare, a crypto mining Ponzi scheme, could face up to 20 years in prison.
GameStop's stock price surged after a report that the company is considering investing in Bitcoin and other cryptocurrencies.
Coinbase posted $2.27 billion in Q4 revenue, exceeding estimates of $1.84 billion, and the company's trading volume rose 185% from the previous year.
Trump wants the US to become a hub for Bitcoin mining, despite concerns over the environmental impact of the practice.
