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The Incredible Story of a Guy Who Became a Bitcoin Billionaire Through a Daring Theft
Have you ever dreamed of becoming rich overnight? Being in the right place at the right time and doing something risky but profitable? For Jimmy Zhong, that dream became a reality when he stole over 50,000 bitcoins from the shadowy Silk Road site in 2012. But his story is not just a dizzying rise to wealth. It's an exciting narrative about a guy who grew up in poverty but managed to outsmart an entire system in pursuit of financial freedom.
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Abakan resident lost 5 million rubles in an attempt to make money on cryptocurrencies
A young Abakan resident trusted a certain "trade manager" from the Internet, who convinced him to invest in cryptocurrencies. First, the "investor" transferred 100,000 rubles to the scammers, and over the next week, he was convinced to invest almost 5 million rubles more. To do this, the Abakan resident took out loans. The victim transferred the funds to the accounts and phone numbers of individuals.
At first, the scammers allowed the young man to withdraw 320,000 rubles of "profit", which strengthened his trust. However, then the funds stopped coming - the "trade manager" found various reasons to delay payments, and then completely stopped communicating. The police opened a criminal case under Part 4 of Article 159 of the Criminal Code of the Russian Federation "Fraud on an especially large scale".
In October, it was reported that a resident of Novorossiysk lost 12 million rubles on a fraudulent crypto platform.
A young Abakan resident trusted a certain "trade manager" from the Internet, who convinced him to invest in cryptocurrencies. First, the "investor" transferred 100,000 rubles to the scammers, and over the next week, he was convinced to invest almost 5 million rubles more. To do this, the Abakan resident took out loans. The victim transferred the funds to the accounts and phone numbers of individuals.
At first, the scammers allowed the young man to withdraw 320,000 rubles of "profit", which strengthened his trust. However, then the funds stopped coming - the "trade manager" found various reasons to delay payments, and then completely stopped communicating. The police opened a criminal case under Part 4 of Article 159 of the Criminal Code of the Russian Federation "Fraud on an especially large scale".
In October, it was reported that a resident of Novorossiysk lost 12 million rubles on a fraudulent crypto platform.
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Peter Schiff, one of the most well-known critics of BTC, proposed the idea of launching a national cryptocurrency for the USA — in his opinion, instead of accumulating strategic reserves in Bitcoin, the country could save significantly by creating its own digital asset "USAcoin" 🗽
Schiff suggested limiting the issuance of USAcoin, similar to Bitcoin, but implementing an advanced blockchain — this would provide the new cryptocurrency with high functionality and make it convenient for everyday payments.
#USAcoin
Schiff suggested limiting the issuance of USAcoin, similar to Bitcoin, but implementing an advanced blockchain — this would provide the new cryptocurrency with high functionality and make it convenient for everyday payments.
#USAcoin
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Benjamin Cowen: Ethereum is set to grow faster than Bitcoin in the coming months
Relying on historical cycles of the cryptocurrency market, Benjamin Cowen stated that the ETH/BTC pair is expected to rise at the beginning of next year, regardless of the BTC/USD metrics.
"Historically, the ETH/BTC pair has reached its bottom in December or January. December is already coming to an end, and I think Ethereum will remain weak against Bitcoin until the end of the year, maybe even into early January. But then I expect the ETH/BTC to rise, regardless of the movement of BTC/USD," the analyst noted.
Cowen also said that 2025 should be quite favorable for traders of the ETH/BTC pair. He compared data from 2021 and 2022, analyzed movements in 2017, and stated that next year should be "green" for Ethereum:
"I would say that on quarterly charts you will see more green candles in 2025 and perhaps even in early 2026."
Earlier, the founder of MN Consultancy, Michaël van de Poppe, predicted a possible decline of Bitcoin in January 2025.
Relying on historical cycles of the cryptocurrency market, Benjamin Cowen stated that the ETH/BTC pair is expected to rise at the beginning of next year, regardless of the BTC/USD metrics.
"Historically, the ETH/BTC pair has reached its bottom in December or January. December is already coming to an end, and I think Ethereum will remain weak against Bitcoin until the end of the year, maybe even into early January. But then I expect the ETH/BTC to rise, regardless of the movement of BTC/USD," the analyst noted.
Cowen also said that 2025 should be quite favorable for traders of the ETH/BTC pair. He compared data from 2021 and 2022, analyzed movements in 2017, and stated that next year should be "green" for Ethereum:
"I would say that on quarterly charts you will see more green candles in 2025 and perhaps even in early 2026."
Earlier, the founder of MN Consultancy, Michaël van de Poppe, predicted a possible decline of Bitcoin in January 2025.
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Tesla's market capitalization has reached $1.4 trillion, which exceeds the value of the world's 40 largest automakers🏎
In 2016, the company was valued at only $770 million.
Recall that Tesla holds 11,509 BTC on its balance sheet.
In 2016, the company was valued at only $770 million.
Recall that Tesla holds 11,509 BTC on its balance sheet.
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Cathie Wood suggests that the election of Donald Trump may trigger a surge in the purchases of private companies, previously restrained by bureaucratic limitations — she confirmed her price prediction for BTC, expecting it to rise to $1,500,000 🔮
$BTC #BTC #Trump2024
$BTC #BTC #Trump2024
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Man Who Sold His House For Bitcoin In 2017 Can Now Buy 25 Homes
This week, as Bitcoin soared to a record $108,364, Dutchman Didi Taihuttu, who famously sold his house and almost all of his possessions for Bitcoin (BTC) in 2017, made a new post on social media.
The world first heard about Taihuttu's bold move in October 2017, when many called him "crazy."
The world first heard about Taihuttu's bold move in October 2017, when many called him "crazy."
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BlackRock has sparked controversy over the immutability of BTC in a new video, saying investors have “no guarantee,” which hits the key idea of a fixed limit that makes it inflation-proof
Theoretically, the limit could be changed through a hard fork, but such a network would no longer be considered “real BTC.” Previous attempts, such as increasing the block size in 2016-2017, failed due to disagreements in the community.
The discussions are related to the security model: miners’ rewards are reduced, and after 2140 they will receive income only from transaction fees.
However, investors are confident that any attempts to change the limit will lead to the creation of new networks, and not to changes in the original BTC.
#BTC #BlackRocks
Theoretically, the limit could be changed through a hard fork, but such a network would no longer be considered “real BTC.” Previous attempts, such as increasing the block size in 2016-2017, failed due to disagreements in the community.
The discussions are related to the security model: miners’ rewards are reduced, and after 2140 they will receive income only from transaction fees.
However, investors are confident that any attempts to change the limit will lead to the creation of new networks, and not to changes in the original BTC.
#BTC #BlackRocks
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Binance published the results of a new "large-scale" survey on cryptocurrencies: 📊
🔴 Currently, 16.1% of respondents own meme tokens, while Bitcoin ranks second with 14.44%.
🔴 23.89% of participants believe that AI-related tokens have the greatest growth potential, with meme tokens coming in second (19%).
🔴 DeFi tokens took third place (12%).
🔴 45% of respondents started investing in cryptocurrencies only in 2024.
🔴 Currently, 16.1% of respondents own meme tokens, while Bitcoin ranks second with 14.44%.
🔴 23.89% of participants believe that AI-related tokens have the greatest growth potential, with meme tokens coming in second (19%).
🔴 DeFi tokens took third place (12%).
🔴 45% of respondents started investing in cryptocurrencies only in 2024.
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BlackRock’s IBIT Bitcoin ETF Becomes the Best Fund by Inflow
BlackRock’s U.S. spot bitcoin fund iShares Bitcoin Trust (IBIT) has become the best-performing ETF of the last decade, raising more than $36 billion, beating out nearly 2,850 funds.
IBIT has had more net inflows than any other ETF launched since 2014. And that’s in just 11 months, said Nate Geraci, CEO of The ETF Store.
IBIT has raised about $36.3 billion since its launch, according to Farside Investors. That’s more than the $36.2 billion raised by all other U.S. spot BTC ETFs combined. It’s also nearly three times the $12.4 billion that Fidelity’s FBTC, the second-largest ETF, has raised.
IBIT also became the record holder for daily inflows among other BTC ETFs. In one day, the BlackRock fund attracted more than $1.1 billion from investors. This is twice as much as the maximum amount of $473.4 million received by Fidelity's FBTC.
Bloomberg senior stock analyst Eric Balchunas noted that the total volume of assets under management of these funds reached $130 billion, exceeding the $128 billion managed by gold-based ETFs.
BlackRock’s U.S. spot bitcoin fund iShares Bitcoin Trust (IBIT) has become the best-performing ETF of the last decade, raising more than $36 billion, beating out nearly 2,850 funds.
IBIT has had more net inflows than any other ETF launched since 2014. And that’s in just 11 months, said Nate Geraci, CEO of The ETF Store.
IBIT has raised about $36.3 billion since its launch, according to Farside Investors. That’s more than the $36.2 billion raised by all other U.S. spot BTC ETFs combined. It’s also nearly three times the $12.4 billion that Fidelity’s FBTC, the second-largest ETF, has raised.
IBIT also became the record holder for daily inflows among other BTC ETFs. In one day, the BlackRock fund attracted more than $1.1 billion from investors. This is twice as much as the maximum amount of $473.4 million received by Fidelity's FBTC.
Bloomberg senior stock analyst Eric Balchunas noted that the total volume of assets under management of these funds reached $130 billion, exceeding the $128 billion managed by gold-based ETFs.
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Top 5 Low-Cap Coins Capable of Outpacing ETH Growth
Happycoin.club - source
Ethereum (ETH) has long held a leading position in the cryptocurrency world due to its scalability and technological innovations. However, new promising low-cap coins often demonstrate much more rapid growth, especially at the beginning of a bull market. Such assets can outperform even the largest players in the market.
Ethereum (ETH) has long held a leading position in the cryptocurrency world due to its scalability and technological innovations. However, new promising low-cap coins often demonstrate much more rapid growth, especially at the beginning of a bull market. Such assets can outperform even the largest players in the market.
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The former German finance minister stated that "the time has come to recognize the potential of BTC in Germany"🇩🇪
Everything would be fine, but in July Germany sold all its 50,000 BTC at $53,000.
Everything would be fine, but in July Germany sold all its 50,000 BTC at $53,000.
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Thai Authorities Charge Singaporean With $657,000 Crypto Scam
According to police, the man was involved in creating a fake mobile app that resembled the cryptocurrency trading platform Tidex. The fake app promised investors high returns on their investment. The Bangkok Online Fraud Prevention Center found that victims who fell into the scammers' trap made at least 17 money transfers to the platform.
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Trader in meme coin PEPE increased investments by 1,900,000 times✅
A trader who invested $27 in the meme token Pepe received an incredible profit of $52 million.
A major holder of PEPE, who had been inactive for 600 days, transferred all of their 2.1 trillion meme coins to a new address. From $27 to $52 million — an incredible profit of 1,900,000 times!
Since the beginning of January, Pepe has risen by 1600% and has become the second most profitable cryptocurrency in 2024. Thanks to such a rapid rise, in May another enterprising investor in Pepe turned $3000 into $46 million.
This year, meme coins have proven to be some of the most profitable. For instance, the meme token Dogwifhat (WIF) based on Solana has risen by 1400%.
According to Hao Yan, head of the financial products department at the cryptocurrency exchange Bybit, the ongoing success of meme coins can be seen as a sign of disillusionment among the younger generation with the financial system.
The success of meme coins can be viewed as a sign of disappointment among young investors who have seen the opportunities available to their parents disappear.
$PEPE #meme_coin
A trader who invested $27 in the meme token Pepe received an incredible profit of $52 million.
A major holder of PEPE, who had been inactive for 600 days, transferred all of their 2.1 trillion meme coins to a new address. From $27 to $52 million — an incredible profit of 1,900,000 times!
Since the beginning of January, Pepe has risen by 1600% and has become the second most profitable cryptocurrency in 2024. Thanks to such a rapid rise, in May another enterprising investor in Pepe turned $3000 into $46 million.
This year, meme coins have proven to be some of the most profitable. For instance, the meme token Dogwifhat (WIF) based on Solana has risen by 1400%.
According to Hao Yan, head of the financial products department at the cryptocurrency exchange Bybit, the ongoing success of meme coins can be seen as a sign of disillusionment among the younger generation with the financial system.
The success of meme coins can be viewed as a sign of disappointment among young investors who have seen the opportunities available to their parents disappear.
$PEPE #meme_coin
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Detective uncovers 'pig butchering' scam and helps recover $500,000
Happycoin.club - source
A harmless friendly message from a stranger on social media can sometimes lead to financial ruin. This bitter conclusion has already been reached by tens of thousands of people.
Fraud known as 'pig butchering' often involves a lengthy establishment of trust and the scammers offering to invest in popularizing cryptocurrencies.
A harmless friendly message from a stranger on social media can sometimes lead to financial ruin. This bitter conclusion has already been reached by tens of thousands of people.
Fraud known as 'pig butchering' often involves a lengthy establishment of trust and the scammers offering to invest in popularizing cryptocurrencies.
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Drake's Twitter account with 39 million followers was hacked to promote a shitcoin on Solana✖️
The trading volume of the token at its peak reached $5 million, the number of affected users is currently unknown.
The trading volume of the token at its peak reached $5 million, the number of affected users is currently unknown.
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As reported by the spokesperson of the regional police department Shukhrat Jalilov, the police have initiated a criminal case under part 3 of article 278-8 of the Criminal Code (violation of legislation in the field of cryptocurrency circulation in particularly large amounts). The teenager faces imprisonment for a term of 3 to 5 years. However, if he actively assists in solving the crime, he may avoid liability.
It is still unknown on which platforms the suspect traded. According to the Milliy TV channel, a resident of the mahalla (Muslim community) 'Zarafshan' was engaged in the illegal circulation of cryptocurrency. A preliminary investigation is currently underway to establish all the circumstances of the crime.
We remind you that at the beginning of this year, the authorities of Uzbekistan introduced criminal liability for illegal mining and illegal circulation of crypto assets. At the same time, Uzbekistan became the leader in the RISE Research ranking for cryptocurrency adoption.
It is still unknown on which platforms the suspect traded. According to the Milliy TV channel, a resident of the mahalla (Muslim community) 'Zarafshan' was engaged in the illegal circulation of cryptocurrency. A preliminary investigation is currently underway to establish all the circumstances of the crime.
We remind you that at the beginning of this year, the authorities of Uzbekistan introduced criminal liability for illegal mining and illegal circulation of crypto assets. At the same time, Uzbekistan became the leader in the RISE Research ranking for cryptocurrency adoption.
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Riot Platforms announced that it acquired 5,117 bitcoins
On Friday, Riot Platforms announced that from December 10 to 12, 2024, it acquired 5,117 bitcoins.
The latest acquisition by the bitcoin miner of the largest digital asset cost approximately $510 million at an average price of about $99,669 per bitcoin, including fees and expenses.
The company has now increased its total bitcoin holdings to 16,728.
The latest acquisition by the bitcoin miner of the largest digital asset cost approximately $510 million at an average price of about $99,669 per bitcoin, including fees and expenses.
The company has now increased its total bitcoin holdings to 16,728.
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Bank of Zoomers
Students jokingly created FPI Bank (fpifpi ru) and launched a token on TON – FPIBANK. Trading on the first day amounted to $1.1 million.
Now the guys, instead of doing algebra, are planning an attack on Reddit and Twitter.
The main ideologist already calls himself the CEO and plans to launch a real bank.
FPI stands for "Fufelshmertz Malice Incorporated". It seems we've found Satoshi's grandson?
Students jokingly created FPI Bank (fpifpi ru) and launched a token on TON – FPIBANK. Trading on the first day amounted to $1.1 million.
Now the guys, instead of doing algebra, are planning an attack on Reddit and Twitter.
The main ideologist already calls himself the CEO and plans to launch a real bank.
FPI stands for "Fufelshmertz Malice Incorporated". It seems we've found Satoshi's grandson?
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Happycoin.club - The elected president Donald Trump is once again in the spotlight after his new cryptocurrency project World Liberty spent 12 million USDC on the purchase of Ethereum (ETH), Chainlink (LINK), and Aave (AAVE).
According to EtherScan data analyzed by Lookonchain, the wallet associated with World Liberty spent 10 million USDC to purchase 2631 ETH at an average price of $3801 per coin. An additional 2 million USDC was converted into 41,335 LINK tokens (average price $24.2) and 3357 AAVE at $297.8 per token.
Currently, World Liberty Financial's cryptocurrency wallets hold 14,573 ETH, 3,108,000 USDT, 1,515,000 USDC, 41,335 LINK, and 3,357 AAVE. Among other project assets are LimeWire (LMWR), Alchemy Pay (ACH), Wrapped Ether (WETH), Safe (SAFE), and Uniswap (UNI).
Additionally, World Liberty Financial has its own token WLFI. The asset sale started on October 15 and was open to everyone on the "whitelist." According to the official project website, a total of 4.43 billion WLFI was sold for $66.2 million. Currently, about 15.592 billion tokens are available.
20% of the total WLFI tokens were allocated to the founding team, including Donald Trump and his sons. 17% is allocated for user rewards, while the remaining 63% will go to investors.
#ETH #LINK💰 #AAVE
According to EtherScan data analyzed by Lookonchain, the wallet associated with World Liberty spent 10 million USDC to purchase 2631 ETH at an average price of $3801 per coin. An additional 2 million USDC was converted into 41,335 LINK tokens (average price $24.2) and 3357 AAVE at $297.8 per token.
Currently, World Liberty Financial's cryptocurrency wallets hold 14,573 ETH, 3,108,000 USDT, 1,515,000 USDC, 41,335 LINK, and 3,357 AAVE. Among other project assets are LimeWire (LMWR), Alchemy Pay (ACH), Wrapped Ether (WETH), Safe (SAFE), and Uniswap (UNI).
Additionally, World Liberty Financial has its own token WLFI. The asset sale started on October 15 and was open to everyone on the "whitelist." According to the official project website, a total of 4.43 billion WLFI was sold for $66.2 million. Currently, about 15.592 billion tokens are available.
20% of the total WLFI tokens were allocated to the founding team, including Donald Trump and his sons. 17% is allocated for user rewards, while the remaining 63% will go to investors.
#ETH #LINK💰 #AAVE