Candidates often say what they think will sell. In 2021 then president Trump said that bitcoin ‘just seems like a scam‘: “Bitcoin, it just seems like a scam. I was surprised — you know, with us, it was at 6,000 and, much lower. I don’t like it because it’s another currency competing against the dollar, […]
Continue reading → [DISPLAY_ACURAX_ICONS]Dallas Mavericks Owner and Crypto Guru lost $1M to Scam Dallas Mavericks owner Mark Cuban, who fancies himself a crypto guru just got a crypto wallet drained of about a million bucks. He says that he may have downloaded a fake version of a crypto wallet app. Oh, well, so now instead of being a […]
Continue reading → [DISPLAY_ACURAX_ICONS]Cryptocurrency Collapse Continues Cryptocurrency lender and financial firm BlockFi filed for bankruptcy as the Ponzi scheme called Cryptocurrency continues its uncontrolled collapse. FTX was supposed to bail them out, but guess what – that is unlikely to happen. Withdrawals are “paused” for now, another term for you are screwed. Also remember that if you have […]
Continue reading → [DISPLAY_ACURAX_ICONS]Putin is dealing with the reality of the worldwide financial sanctions crippling his economy. His solution is to create a financial system based on distributed finance or DiFi. An example is cryptocurrency. Using DiFi, Putin thinks he can get around sanctions. There are, of course, a couple of holes in this logic. First, who besides […]
Continue reading → [DISPLAY_ACURAX_ICONS]I report about crypto exchange hacks every week, so what is different here? Crypto Exchange FTX filed for Chapter 11 bankruptcy the day after it said everything is fine. There are more than 130 investors involved. Or should I call them suckers? Okay, end of editorial. While Chapter 11 allows a company to “reorganize”, it […]
Continue reading → [DISPLAY_ACURAX_ICONS]First of all you have to figure out what an NFT is. Here is what Forbes says about it: An NFT is a digital asset that represents real-world objects like art, music, in-game items and videos. They are bought and sold online, frequently with cryptocurrency, and they are generally encoded with the same underlying software as […]
Continue reading → [DISPLAY_ACURAX_ICONS]