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Activity tagged "crypto"

PSA: Paying for a subscription on the crypto version of OnlyFans using a public blockchain does not give you "true privacy", regardless of what the models there might say.

The allure of Only1 extended beyond a different option for sharing exclusive, gated content. Jaylene highlighted the platform's unique features compared to traditional platforms like OnlyFans. "I like the fact that Only1 being on-chain allows the customer to have true privacy," she said. "From a creator's perspective, the biggest issues with traditional platforms such as OnlyFans are issues with payment processing. Only1 solves this issue as the payments go directly to your wallet, providing creators with peace of mind and full control over their earnings."

The cryptocurrency industry Super PAC Fairshake is now #1 out of all Super PACs by total funds raised.

They've raised more than $175 million to influence upcoming elections in the US, and have more than $100 million of it still waiting to deploy.

Despite the relatively small size of the cryptocurrency industry, cryptocurrency-focused super PACs are among the most well-funded this election cycle. All super PACs Name Description Receipts Cash on hand 1 Fairshake supports cryptocurrency interests $177,877,738 $106,996,176 2 Never Back Down Inc. supports Ron DeSantis $145,482,418 $6,956,298 3 SMP supports Senate Democrats $122,904,784 $92,396,317 4 Make America Great Again Inc. supports Donald Trump $109,741,526 $34,459,354 5 Senate Leadership Fund supports Senate Republicans $63,887,538 $59,510,912 6 Democracy PAC George Soros' super PAC, supports Democrats $60,240,533 $38,980,191 7 United Democracy Project ('UDP') AIPAC-backed super PAC, supports Israel $53,274,582 $19,036,330 8 Club for Growth Action supports small-government conservatives $52,047,665 $10,024,220 9 LCV Victory Fund supports environmental issues $26,655,513 $19,078,389 10 Best of America PAC supports Doug Burgum $24,148,569 $183,181 11 Keystone Renewal PAC supports Pennsylvania Republicans $21,468,424 $17,965,490 12 Working for Working Americans - Federal United Brotherhood of Carpenters and Joiners' super PAC $20,083,557 $4,785,234 13 Restoration PAC Dick Uihlen-backed super PAC, supports Republicans $15,783,790 $3,578,225 14 Fight Right Inc supports Ron DeSantis $14,739,207 $335,572 15 Defend American Jobs supports cryptocurrency interests $14,675,000 $97,800 16 Republican Accountability PAC supports anti-Trump Republican interests $14,601,169 $11,994,224 17 Protect Freedom Political Action Committee Jeff Yass-backed super PAC, supports Republicans and Libertarians $14,419,489 $3,345,785 18 Tell It Like It Is PAC supports Chris Christie $13,864,801 $1,729,830 19 Right for America supports Donald Trump $13,050,317 $13,034,653 20 Forward Majority Action supports Democratic state legislators $12,782,598 $4,759,183 21 AFC Victory Fund supports school privatization $12,296,915 $7,126,033 22 Last Best Place PAC opposes Tim Sheehy $11,280,000 $14,496 23 Opportunity Matters Fund Action supports Tim Scott $11,182,494 24 With Honor Fund II, Inc. supports military veterans $10,510,881 $4,583,337 25 Maryland's Future supports Tim Hogan $10,391,275 $10,341,102 26 Protect Progress supports cryptocurrency interests $10,325,250 $2,100,505 27 Standing Strong PAC supports Adam Schiff $10,154,552 $12,580 28 Campaign for Democracy Group supports Gavin Newsom $9,859,666 $6,014,641 29 Win It Back PAC opposes Donald Trump $9,633,851 $898,505 30 Everytown for Gun Safety Victory Fund (Everytown Victory Fund) supports gun control $9,510,465 $6,933,986

This month alone:

$25M from Andreessen Horowitz
$25M from Coinbase
$25M from Ripple
$10M from Jump Crypto

Committee: FAIRSHAKE Contributor's Name Contributor's Address Employer/Occupation Memo/Description Memo Text Date Amount ($) Aggregate ($) Limits AH Capital Management 2865 Sand Hill Rd Suite 101 Menlo Park, California 940257022 See Attribution Below 05/30/2024 25000000.00 25000000.00 Marc Andreessen 2865 Sand Hill Rd Suite 101 Menlo Park, California 940257022 AH Capital Management / Partner MEMO 05/30/2024 12500000.00 12500000.00 LIMITS Ben Horowitz 2865 Sand Hill Rd Suite 101 Menlo Park, California 940257022 AH Capital Management / Partner MEMO 05/30/2024 12500000.00 12500000.00 LIMITS Bernay Box 201 McKinney Ave Dallas, Texas 75201 Bonanza Capital, Ltd / Investor 05/21/2024 1000.00 1000.00 Coinbase 248 3rd St Suite 434 Oakland, California 946074375 24,999,995 USDC received, not liquidated 05/30/2024 24999995.00 25000000.00 Mike Dudas 237 Greens Farms Rd Westport, Connecticut 068806224 6th Man Ventures / Venture Capitalist 05/30/2024 2500.00 2500.00 Jump Crypto 60

Total spending this election cycle:

Andreessen Horowitz: $48.9M
Coinbase: $52M
Ripple: $44.8M
Jump Crypto: $15M

Ryan Salame (former CEO of the Bahamian portion of FTX) has submitted his sentencing memo. He's asked for no more than 18 months imprisonment for his charges.

He was charged with conspiracy to operate an unlicensed money transmitting business and conspiracy to make unlawful political contributions and defraud the Federal Election Commission.

He argues that he was not substantially involved in the wrongdoing at FTX and instead lays much of the blame on others (mainly Bankman-Fried and Dan Friedberg).

He argues that his substance abuse (alcohol and unspecified drugs), charitable work, and family commitment should be considered in his sentencing.

Salame is the first of the four other high-level FTX employees to be sentenced. He pleaded guilty (as did all the others), but was the only one who did not have a cooperation agreement.

Salame has agreed to restitution (~$5.6 million) and forfeiture ($6 million, two properties, and a business) which he says "will leave him with no remaining assets".

"Americans aren't confident in crypto. The crypto industry, however, says crypto is very important to Americans."

great to see such hard-hitting journalism from Politico

It’s unclear, though, whether courting digital asset traders can win a significant number of votes. A Pew Research Center Survey released last year found that most Americans weren’t confident in crypto’s safety or reliability. The industry has suffered major blowups in the last few years, including the implosion of the FTX exchange in a huge fraud scandal and the U.S. government’s $4.4 billion settlement with the Binance exchange over allegations that it facilitated financial crimes.<brA poll released by crypto industry groups this week showed that more than 20 percent of voters in six key swing states identify crypto as a major issue. A separate nationwide survey of registered voters commissioned by the crypto firm Paradigm found that crypto ownership is higher among communities of color and young people — key constituencies that helped boost Biden in 2020 but are now proving to be challenging for him to win over." />