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itc

The Crypto Billionaire Boom: A Year of Unprecedented Wealth Creation

September 16, 2024

The past year has been a remarkable one for the world of cryptocurrency, with the population of crypto millionaires growing by a staggering 95%. According to a new report from New World Wealth and Henley & Partners, there are now 172,300 individuals worldwide holding more than $1 million in crypto a

finance

Bitcoin ATM Scams: The Unseen Threat to Older Adults

September 16, 2024

In recent years, scammers have been exploiting the rise of Bitcoin ATMs to dupe unsuspecting victims out of their hard-earned cash. According to the Federal Trade Commission (FTC), the amount of money lost to these scams has skyrocketed, with over $110 million reported in 2023 alone. What's more, ol

finance

Bitcoin's Bubble Bursts: Why Investors are Fleeing from Crypto ETFs

September 16, 2024

In the midst of a broader market selloff, investors are pulling their money out of Bitcoin ETFs at an alarming rate. More than $287 million was withdrawn from the 11 U.S.-listed ETFs on Tuesday, the largest outflow in four months, according to Farside Investors data. This sudden exodus raises questi

politics

The Emperor's New Clothes: How Crypto's Desperate Attempt to Influence Politics Reveals Its Flawed Foundations

September 16, 2024

The crypto industry's influence on campaign finance is a shocking phenomenon. Despite being an industry that has largely failed to find legitimate applications for its products, it has managed to spend lavishly on political campaigns and influence policy-making. At first glance, this might seem surp

business

The Crypto Crisis: Coinbase's Worst Week of the Year and the Uncertain Future of the Industry

September 16, 2024

Cryptocurrency exchange Coinbase has just experienced its worst week of the year, with the value of its shares plummeting by 20%. This decline is part of a broader trend in the crypto market, which has seen a significant downturn in recent weeks. What's behind this sudden drop in value? Is it a sign

finance

Will Bitcoin Soar to New Heights if Trump Wins the Election?

September 16, 2024

As the 2024 presidential election approaches, the cryptocurrency market is abuzz with speculation about the potential impact of a Trump victory on the price of Bitcoin. Analysts at Bernstein have predicted that if Donald Trump wins, Bitcoin could reach a staggering $80,000 to $90,000 by December. Bu

business

Regulation Unlocked: Can Clear Crypto Laws Unlock a Flood of Capital?

September 16, 2024

The CEO of Coinbase Global, Brian Armstrong, recently emphasized the need for clear regulation in the crypto universe. He believes that such legislation would provide a level playing field, subsequently attracting a massive influx of capital into the crypto space. Armstrong's assertion is that the U

finance

The Crypto Scam Epidemic: How Older Americans Are Falling Victim to $5.6 Billion in Losses

September 16, 2024

The FBI's 2023 Cryptocurrency Fraud Report reveals a staggering $5.6 billion in reported losses to cryptocurrency scams, with older Americans bearing the brunt of the damage. The majority of these scams, a whopping 53% increase from 2022, are pig butchering scams, where fraudsters build fake relatio

politics

Debunking the Digital Dream: How a Presidential Debate Sent Crypto Stocks Plummeting

September 16, 2024

In the world of cryptocurrency, the stakes are always high, and the market is always watching for any signs of turbulence. But when Vice President Kamala Harris delivered a strong performance in the recent presidential debate, it sent shockwaves through the crypto community. The market reacted swift

finance

Will Bitcoin Hit Six Figures Regardless of Election Results?

September 16, 2024

The debate surrounding Bitcoin's future is often shrouded in partisan sentiment, with many crypto investors and experts weighing in on the potential impact of the upcoming US presidential election on the cryptocurrency's price. However, despite the heated rhetoric, it's crucial to separate fact from