Why the Third-Richest Man in Mexico Recommends Bitcoin Ricardo Salinas Pliego, a Mexican billionaire, believes that investors should buy Bitcoin to protect themselves from the devaluation of fiat currencies. The Case for Bitcoin Hedge against inflation: Bitcoin is seen as a way to protect wealth from rising prices. Store of value: Bitcoin is considered a…
Friend Request to Financial Nightmare A Washington investor lost a whopping $310,000 to Ethfinance, a crypto trading platform. The investor was lured in through a random LinkedIn friend request. Red Flags and Suspicious Tactics Ethfinance’s customer service demanded the investor send more funds to complete a “smart contract” before allowing withdrawals. This is a common…
What are PolitiFi Tokens? PolitiFi tokens connect political ideas and movements with the world of crypto. They’re often tied to specific political groups or figures, creating communities that support campaigns, causes, and ideologies. Beyond the Hype: Real Benefits PolitiFi tokens aren’t just a passing fad. They offer real-world benefits like: Donation Mechanisms: Tokens like MAGA…
Understanding and Investing in Bitcoin Rule 1: Understand or Criticize Understand Bitcoin’s potential to see the paradigm shift. Rule 2: Skepticism to Advocacy Don’t dismiss Bitcoin; its resilience and potential are evident. Rule 3: Never Stop Learning Bitcoin is complex and constantly evolving. Rule 4: Non-Geopolitical Store of Wealth Bitcoin is a stable asset in…
Market Cap Competition with Gold James Check, a former analyst at Glassnode, predicts that Bitcoin (BTC) will reach six figures during this market cycle. He believes that BTC’s market cap could eventually match that of gold. Price Targets Check estimates that BTC’s fair value is around $1.2 million Australian dollars ($803,034 USD), based on its…
Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), has announced that Ethereum (ETH)-based exchange-traded products (ETFs) are expected to receive full approval by the end of summer. Partial Approval Earlier This Year In May, the SEC partially approved applications from several financial institutions, including BlackRock and Fidelity, to create ETH ETFs. However,…
A former employee of Truist Bank, Derrick Alan Smith, has been accused of stealing over $24,000 from customer accounts. Embezzlement Scheme According to the Federal Deposit Insurance Corporation (FDIC), Smith used blank checks to withdraw funds from four different customer accounts without their knowledge or consent. The transactions occurred between April 23, 2019, and October…
According to Ki Young Ju, CEO of CryptoQuant, the US Bitcoin (BTC) market is poised to lead the next leg up in crypto prices. Stablecoins and Offshore Liquidity Ju notes that while stablecoins are often seen as a source of global liquidity, their market cap growth is not keeping pace with BTC and ETH. He…
First Attack On June 10th, UwU Lend was hit by a $19.3 million attack. The attacker used flash loans to manipulate the price of USDe and borrow more than expected. Reimbursement Process After the first attack, UwU Lend promised to repay users. However, during the reimbursement process, a second attack occurred. Second Attack The second…
SEC’s Partial Approval The Securities and Exchange Commission (SEC) has given a green light to Ethereum ETF filings from major asset managers like BlackRock and Grayscale. Timeline for Full Approval SEC Chairman Gary Gensler hinted that full approval for these ETFs could be granted by the end of summer, potentially around September 22nd. Regulatory Challenges…
