Welcome to In Case You Missed It (ICYMI), a blitzkrieg of spicy crypto news from your decentralized best friend, Linzerd. Cash Shuffle is almost ready for prime time. Google CEO Sundar Pichai bleeds shares fast. Memes are used by investors to drain stress. Bloomberg pays bonuses to move markets. Crypto really is a sausage fest. Mt Gox ex-CEO Mark Karpeles could face jail time.
Google’s CEO Sundar Pichai Cashes Out Fast
A series of reports appear to show insider selling fromGoogle CEO Sundar Pichai, taking profits over the last few months at a break-neck pace. The executive has sold shares 4 times: On October 3, he sold shares for a total value of $12,000,400. Then on the 17th of the same month, he sold shares again for the value of $11,139,100. On November 7, he again sold more shares for $10,732,700. The final sale was this December 6, when he sold shares for $10,417,500. On every occasion, he sold 10K shares, totaling 40K shares. Maybe he knows something we don’t?
Cash Shuffle Getting Prepared for Prime Time
Cash Shuffle, the anonymity service for Bitcoin Cash transactions, is getting prepped for prime time. The information came from one of their key developers, Josh Ellithorpe, when asked by notable Twitter personality, Egon, about the state of the project. Cash Shuffle is nearing their new version, a development that will include direct integration with the Electron Wallet, out of line shuffling — meaning transactions will be shuffled in the background and there won’t be any waiting involved.
Memes Here, Memes There
Folks from the online magazine Motherboard tried to understand why investors and bitcoin enthusiasts turn to memes to cope with the disastrous market crash that has been happening all this year. Memes are an internet derived phenomena, and cryptocurrencies were born also from internet interactions. They discovered something that we already know: memes help investors to laugh and relieve the charge from stressful investments and connect with other traders or investors going through the same troubles. Bitcoin is, after all, “Magic Internet Money.”
Bloomberg Reporters Paid To “Move Markets”
In a very polemical article published in Business Insider, it is revealed that writers from Bloomberg, one of the most important financial news companies out there, are getting bonuses for writing stories that “move markets.” This shocking fact was confirmed by a former Bloomberg employee, quoted as saying, “If you don’t move the market it’s like there’s something wrong with you. You don’t get a full bonus.”
Crypto is Really a Sausage Fest
An investigation made by LongHash found a dismal fact. The stories about cryptocurrency gender inequality are really true. They studied more than 100 upcoming initial coin offering startups listed by ICORating. LongHash found more than almost 80% of the startups do not have a female executive on their board. Also, almost the same amount of ICOs had no female advisers listed in their group pages.
Mt. Gox CEO Mark Karpeles Faces Possible 10 Year Sentence
The story about the rise and fall of Mt. Gox, the biggest bitcoin exchange at his time, keeps making headlines. Now it is the story of their ex-CEO, Mark Karpeles, who appears to be facing a sentence of more than ten years on related embezzlement charges. According to court documents, he “diverted company funds to such uses as investing in a software development business for personal interest,” and “played a great role in totally destroying the confidence of bitcoin users.” He plead not guilty, saying “I swear to God I am not guilty.”
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