The future of bitcoin with Max Keiser, plus the US’s bombing addiction, and surveillance capitalism
RT NEws, 19 March 2021
Max Keiser is Lee Camp’s guest this week, for a conversation about bitcoin. Keiser argues that bitcoin has the potential to change the world in a progressive direction by replacing government-controlled fiat currencies and democratizing the economy. They discuss the future of bitcoin, market manipulation by the oligarchs at the top of the system, how cryptocurrencies can make imperialist wars irrelevant, and the real inflation rate.
After that, Lee explores the results of a new study by the women’s peace organization CODEPINK, which found that, over the past 20 years, the US has dropped an average of 46 bombs a day.
Finally, Natalie McGill reports on the surveillance system Flock, which is similar to the Amazon Ring, but offers extra, creepier methods of invading the privacy of your neighbors. She also looks into a new web search engine from the browser Brave, which allows you to surf anonymously, block third-party vendors from scraping your info, and prioritize independent news sites in search results.
Read Full Article
How Regulating GameStop’s ‘Market Manipulation’ Could Harm Crypto
Benjamin Sauter, Steven Perlstein, William McGovern and David McGill, 02 March 2021
The ongoing roller-coaster ride of GameStop, dogecoin and other so-called meme stocks has led day traders, market makers and exchanges to attack each other with knee-jerk accusations of “market manipulation.” When this happens, the primary winners are government regulators seeking to expand the scope of their authority. Industry cries of market “manipulation” – from all sides – are not only shortsighted. They also risk setting the market on a path towards an enforcement framework that all market participants may come to regret, no matter what side they think they are currently on.
Reddit takes on Wall Street
Since early this year, by sharing tips and organizing on social media platforms such as Reddit and Twitter, individual traders have been able to rally prices of meme stocks to unbelievable heights. First, it was GameStop, AMC and a handful of other targets, with traders sending prices skyward 1,500% or more. Then, traders set their sights beyond the securities markets: dogecoin (DOGE) rose over 800% in 24 hours after a tweet from Elon Musk rallied the masses behind it.
Read Full Article
For traders who spoofed market years ago, a new ruling spells trouble
Bloomberg, 25 May 2020
US prosecutors are starting to build cases against traders suspected of manipulating markets as long as a decade ago, after an obscure legal ruling extended the statute of limitations for spoofing cases.
In October, the judge presiding over the impending trial of two former metals traders ruled that the US government can pursue charges of wire fraud as well as spoofing against the pair. The decision addressed a long-running legal debate about whether the placing of electronic market orders with the intention of cancelling them constituted a form of “false representation” and therefore fraud.
Read full article.