DYOR is a vital element of making an investment in cryptocur | NathanPrecious on Binance Square

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DYOR is a vital element of making an investment in cryptocurrencies. By amassing as lots records as feasible approximately an investment, buyers can reduce risk, maximize profits, and live in advance of the curve in a swiftly evolving market
#dyor #crypto2023 #feedfeverchallenge

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Preliminary investigations by the Himachal Pradesh police have revealed that the masterminds of a multi-crore crypto currency scam amassed huge wealth, acquired prime properties, like petrol pumps and hotels, and spent extravagantly from the funds of people who were seeking to double their money by investing in digital money. Two of the key figures, Hemraj Thakur and Sukhdev, who are both from Balh subdivision of Mandi district, have been arrested by the Himachal Pradesh Police from Gujarat. #opbnb #Layer2 #crypto2023 #BTC

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Hong Kong’s ambition to become a global hub for digital assets is unquestionable. The government’s efforts to foster a conducive ecosystem for digital assets have been made to remain competitive in the international financial stage. However, the recent JPEX scandal, a Hong Kong-based cryptocurrency exchange, has stirred the waters of the developing cryptocurrency sector. Mid-September saw JPEX introduce sky-high withdrawal fees, blocking users from accessing their funds, resulting in a monetary fallout estimated to surpass HK$1 billion (US$127 million). The incident has triggered a police investigation and damaged the public’s perception of cryptocurrency.

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At the center of Sam Bankman-Fried’s trial is a dispute between two contrasting narratives; while prosecutors accuse the former crypto mogul of orchestrating a $10 billion dollar conspiracy to use customer deposits for personal gain, his lawyer insists he acted “in good faith” to make his firm successful with no intention to deceive. This is the highest-profile reckoning for a business executive since Elizabeth Holmes’ fraud conviction in early 2020. Bankman-Fried became a billionaire virtually overnight, only to see his company collapse and his fortune evaporate. He has pleaded not guilty to seven counts of fraud and money laundering, and if convicted could face a life sentence.

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Bitcoin prices plummeted Thursday evening following news that Elon Musk’s SpaceX had sold off its entire cryptocurrency holdings. This had a negative knock-on effect on stocks related to the industry, such as Coinbase (COIN), Marathon Digital (MARA) and Riot Platforms (RIOT), all of which saw their share prices drop. SpaceX documents seen by The Wall Street Journal showed that the private space company had written off the value of their Bitcoin holdings in 2020 and 2021. Tesla (TSLA) had also sold 75% of its Bitcoin shares over the past year. $BTC #bitcoin #crypto2023

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