Fight Back! News

News and Views from the People's Struggle


By Masao Suzuki

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San José, CA – With Bitcoin now down 70% from its record price in April of 2021, businesses based on cryptocurrencies have started to fold. The latest victim was Celsius, a crypto “bank” which stopped withdrawals from its accounts on Sunday, June 12. Celsius had more than $20 billion in assets at its peak in August 2021, drawing investors with yields of more than 18%. But Celsius is looking more and more like a high-tech Ponzi scheme that only lasted as long as new investors kept buying in.


By staff

NYC protest against Act 60

New York, NY – On the evening of January 28, hours before a nor’easter was going to hit the east coast, a few dozen people gathered in front of City Hall to demand that Mayor Adams end his relationship with Brock Pierce, a crypto currency expert.