Crypto

September 11, 2023

Baht And Betrayal: $76 Million Crypto Scam

The crypto underworld strikes again. Thailand nabbed four Chinese nationals, and their Laos sidekick allegedly swindling $76 million through their oh-so-innovative crypto scam, BCH Global Ltd. 🥥

The victims thought they were investing in gold and $USDT. The perps are now facing a smorgasbord of charges, including public fraud and money laundering.

Oh, and let’s not forget the 585 million baht in seized properties. That’s a lot of baht, folks ($16.45 million). 

Thailand’s Cyber Crime Investigation Bureau (CCIB) is warning everyone to double-check those investment platforms because a little due diligence wouldn’t hurt. 👍

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December 1, 2023

November’s Close: A Closer Look

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November 2018: +57.61%
November 2019: +21.29%
November 2022: +19.44%
November 2011: +10%
November 2023: +8.84% (the newcomer)
November 2021: +7.77%
November 2012: -11.11%
November 2014: -9.87%
November 2016: -5.91%
November 2020: -6.62%
November 2015: -17.67%
November 2017: -35.16%
November 2013: -82.49%

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Technically Speaking – December 1, 2023

We’re looking at the beginning of another breakout higher or a very ugly, nasty fakeout. 🤷‍♂️

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The SEC, Jump Crypto, and Terraform Labs

A U.S. court has given the green light for Jump Crypto to whisper sweet nothings (read: confidential info) to the court, away from our prying eyes. 👀

Let’s rewind a bit. Terraform Labs and its ex-CEO, Do Kwon, are in hot water with the SEC. The charge sheet? Allegedly peddling unregistered securities and dabbling in fraud, raking in billions in the process. Their lol-stablecoin, TerraUSD ($UST) crashed and burned in May 2022, now worth a measly $0.01. 

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December 4, 2023

BTC And ETH Get A Brazilian Banking Buddy: Itau Unibanco

Brazil’s largest lender, Itau Unibanco, has rolled out a cryptocurrency trading service, initially spotlighting $BTC and $ETH. This move marks the bank’s grand entrance into the bustling world of digital assets. 🏦

Guto Antunes, the mastermind behind Itau’s digital assets, shared with Reuters that this is just the beginning. “Bitcoin first, but we’ve got our eyes on a broader crypto horizon,” he hinted. 

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Rollups To The Rescue

$ETH‘s transaction fees could have been a whopping five times higher if not for the superhero efforts of layer-2 rollup networks like Optimism ($OP) and Arbitrum ($ARB). 💸

This revelation comes from a Chainstack report, highlighting that without these rollups, fees would skyrocket by 360% to 420%, and transaction times would also double to nearly two minutes.

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Crypto’s Harmony With The Dollar, Not A Rivalry

$COIN‘s main man, Brian Armstrong, is stirring the financial pot with a fresh take: $BTC‘s not here to knock the USD off its perch; it’s here to help it out. 🪙

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A pause or pullback with $BTC‘s current price action shouldn’t be unexpected. ✋

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