In this episode of the NFT QT Show, QuHarrison Terry and Ryan Cowdrey are joined by special guest Bennett Tomlin, co-host of the Crypto Critics Corner podcast. He’s a data scientist that is fascinated by tracking down fraud in crypto-related projects. We cover topics including:– Spotting scams or fraud in crypto-related projects– Comparing / contrasting securities and NFTs– Relating the failures of early utility and governance cryptocurrencies with today’s NFT projects– Bennett’s take on NFT-related coins and SEC regulationFor more information on the topics discussed in this episode, head over to NFTQT.com
Today Bennett Tomlin and Cas Piancey are joined by Blockworks author Sam Reynolds, a Taipei-based reporter, who discusses the early history of Tether in Taiwan and what can be implied by their issues with their early banking partners.
In this episode Cas and I are joined by Sam Reynolds of Blockwords to discuss the importance of Taiwan to the Tether story. Taiwan is where Tether originally started and where they originally banked.
Bennett Tomlin and Cas Piancey review Liberty Reserve – the first stablecoin and the first stablecoin shutdown by US regulators.
In this episode Cas and I discuss what we call the ‘first stablecoin’ Liberty Reserve. Liberty Reserve was a digital representation of a dollar that was marketed based on its censorship resistance that was frequently used for illicit acts and was shut down thanks to massive cooperation between regulators and law enforcement.
Bennett Tomlin and Cas Piancey are joined, once again, by David Z. Morris, the chief insights columnist at Coindesk, to discuss what's happening with Evergrande, why it matters for other regions and industries, and how the property market on the Chinese Mainland operates.
In this episode Cas and I are joined by David Z Morris of Coindesk to discuss some of the oddities surrounding the current situation with Evergrande in China.
Today Bennett Tomlin and Cas Piancey explore the incredible interest rates offered by centralized cryptocurrency lenders, how they likely make their money, and whether or not any of them are "risk-free."
In this episode Cas and I discuss the problems with cryptocurrency lending companies including BlockFi, Celsius, and Nexo. They are marketed as risk-free while actually you take on significant counterparty risk.
Bennett Tomlin and Cas Piancey reflect on a fraud that began in the 1980s and ended when the Dot-Com Bubble burst: WorldCom. Are there applicable comparisons to cryptocurrency and securities markets of today? (Hint: Yes.)
In this episode Cas and I discuss one of the biggest corporate frauds ever: WorldCom. WorldCom was a telecommunications company that used mergers and acquisitions to grow and accounting fraud to stay profitable. You can read Cas’ article on it here.
Bennett Tomlin and Cas Piancey discuss the history and importance of DRW/Cumerbland Global, one of the top liquidity providers in the cryptocurrency space, and speculate on the influence the company exerts on the industry.
In this episode Cas and I discuss Cumberland Global (formerly Cumberland Mining) the cryptocurrency arm of DRW, a major Chicago trading firm. We discuss reporting suggesting that they are one of the top Tether issuers, and you can find that reporting here.
In this episode Cas and I discuss the Binance Tai Chi documents. A leaked set of documents as reported on by Forbes, which detail Binance’s plan to Binance US as part of a strategy of regulatory arbitrage.
Robert Green (@robogreen on Twitter), a marketing consultant who ended up doing contract work for Blockchain Terminal – a company claiming to be "the Bloomberg Terminal," but for cryptocurrencies! – joins us to discuss his time at the bold project.
The main problem with the company? One of the biggest fraudsters in Canadian history was running things under a pseudonym, "Shaun MacDonald," and was planning his exit scam from day one (perhaps even laundering funds from a pervious scam to bootstrap the project).
Tune in to hear the full story.
In this episode Cas and I are joined by Robert Green, a marketing consultant who had worked with Blockchain Terminal. Blockchain Terminal was a fraudulent cryptocurrency company who was claiming to build the “Bloomberg Terminal” of crypto. The biggest issue with the company is that it was run by a known fraudster named Shaun MacDonald who was hiding behind the pseudonym ‘Boaz Manor’.