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Crypto - Bitcoin XRP ETH DarkMoon NFTs

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Re: Crypto - Bitcoin XRP ETH DarkMoon NFTs

#201

Post by neonzx »

So let me get this straight. I'm probably best not listening to TV/movie/business "celebrities " and online "influencers "? :think: :confuzzled:

You saying they out to make a buck off me peddling crap in exchange for their paid endorsements?
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Re: Crypto - Bitcoin XRP ETH DarkMoon NFTs

#202

Post by Foggy »

:shock: You're kidding, right?
Out from under. :thumbsup:
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Re: Crypto - Bitcoin XRP ETH DarkMoon NFTs

#203

Post by neeneko »

It is even sadder/dumber when it is people like Cuban, since he does not need the money, he is more doing it for the attention and praise.
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Re: Crypto - Bitcoin XRP ETH DarkMoon NFTs

#204

Post by RTH10260 »

FBI warns of phony cryptocurrency apps aiming to steal money from investors

by Lance Whitney in Security
on July 20, 2022, 6:31 AM PDT

Cybercriminals are creating fake cryptocurrency investment apps designed to defraud US investors and exploit investment firms, cautions the FBI.

The FBI is urging cryptocurrency investors and investment firms to beware of fraudulent cryptocurrency apps that try to steal money from unsuspecting victims. Released on Monday, the FBI’s notice says that cybercriminals have been convincing investors in the U.S. to download the phony apps with the intent of defrauding them of their cryptocurrency. The criminals have already stolen around $42.7 million from 244 different victims.

The apps in question impersonate legitimate programs by copying their names, logos and other details to then direct people to malicious websites in an attempt to access their cryptocurrency funds. By exploiting the interest in mobile banking and cryptocurrency investing, the criminals are not only targeting investors but seeking to damage the reputations of U.S. investment firms.

In one series of incidents between December 2021 and May 2022, cybercriminals scammed at least 28 investors out of around $3.7 million. Using a phony app spoofing the program of a legitimate financial institution, the criminals convinced victims to deposit cryptocurrency into their alleged wallets. When some of the people tried to withdraw funds using the app, an email notice told them that they first had to pay taxes on their investments. But even after paying the purported taxes, the victims were unable to withdraw any funds.

In another series of scams that occurred between October 2021 and May 2022, cybercriminals used the company name YiBit1 to steal around $5.5 million from at least four people. The victims were instructed to download a YiBit app and deposit cryptocurrency into wallets associated with their accounts. Several of the investors received an email telling them that they had to pay taxes on their investments before they could withdraw any funds. The four victims who did so were unable to withdraw funds using the app.

In a third incident that occurred in November of 2021, cybercriminals using the company name of Supayos or Supay2, scammed two victims by instructing them to download the Supay app and deposit cryptocurrency into their associated wallets. One victim learned that he was enrolled without his approval in a program that required a minimum balance of $900,000. Upon attempting to cancel the subscription, the person was told to deposit the required funds or else all his assets would be frozen.

“Although the recent cryptocurrency crash has no doubt soured some investors from participating in the space, the reality is that for many people cryptocurrencies still carry the mystique of being the next big thing in investing, and this has fueled some inexperienced investors into making rash decisions for fear of missing out on the next wave that promises life changing financial returns,” said Chris Clements, VP of solutions architecture for Cerberus Sentinel. “Unfortunately, the same lack of regulation and centralized control that attracts some cryptocurrency proponents can be abused by malicious actors to conduct fraud on a massive scale.”




https://www.techrepublic.com/article/fb ... ocurrency/
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Re: Crypto - Bitcoin XRP ETH DarkMoon NFTs

#205

Post by Gregg »

Inside crypto’s house of cards
10 moments that shaped crypto’s wild history


WaPo Gift Article
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Re: Crypto - Bitcoin XRP ETH DarkMoon NFTs

#206

Post by RTH10260 »

above link does not work for me but below the intro (someone took some time to create very nice graphics!)
Inside crypto’s house of cards
10 moments that shaped crypto’s wild history

By Steven Zeitchik, Tucker Harris and Jeremy B. Merrill
Sept. 22 at 6:30 a.m.

Few words outside of politics polarize more than cryptocurrency.

Crypto is among the most urgent of current tech topics, driven by billions of cryptocurrency trades weekly — bitcoin and so many others — and a cultural stigma perhaps unseen in finance since the days of the Wall Street wolves of the 1980s. Almost since its creation, crypto has been characterized by sudden wealth creation, surprise hacks, big scams, bold promises and shattered dreams.

And the craziest part is no one can say what this blackjack table will turn up next. Welcome to crypto’s house of cards.

JANUARY 2009
A tech is born

A mysterious figure named Satoshi Nakamoto sends 10 “bitcoins” to the cryptographer Hal Finney, and a world is unleashed.

Nakamoto — who had previously written a white paper explaining the underlying complex technology — believes the computer-based asset he’s created is far preferable to the traditional banking system, which is under massive strain from the financial crisis just several months earlier. With its unique code and easy transferability, bitcoin will work well across borders and around bureaucracy, Nakamoto argues. And the many digital “books” that his code would create (a.k.a., the blockchain) would ensure the coins couldn’t be faked or hacked. Nakamoto would mine — generate with computer code — some one million bitcoins then disappear from public view the next year. His identity remains unknown.


https://www.washingtonpost.com/technolo ... n-history/
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Re: Crypto - Bitcoin XRP ETH DarkMoon NFTs

#207

Post by Suranis »

I watched this last night when I was sitting around bored at the Hospital. Its an extremely comprehensive and simply explained video on the entire history and concepts of Cryptos in general and NFTs in the second half Most of it is him sitting at a table so you don't have to look at the screen, but he has nice graphics if you do.

I HIGHLY recommend this video as you will find yourself far more informed about the whole Crypto scene even if you don't understand some of the stuff he is talking about on a first listen through. Hos argument that crypto is just another manifestation of the rich dominating the poor and another spin of the same crap that lead to the 2008 financial crash is persuasive, but he has a lot more to say than that. You will see people being put into indentured servitude using Crypto-games, for example.


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Re: Crypto - Bitcoin XRP ETH DarkMoon NFTs

#208

Post by Suranis »

Another good vid is this. This focuses much more heavily on NFTs and what actually they are, essentially a box with data in them, generally a hyperlink. As he says, technically someone could swap the picture or whatever in the hyperlink and the NFT will suddenly show a completely different pic. His focus is more on the fact that NFTs are a stupid bubble and were pretty much designed to be only that. At least people still have their beanie babies.

Oh ya and he looks at the NFT Cartoon (sweet jesus) and Cryptoland, which the above video does not go into.

A good video. Not as good as the above but still worth watching

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#209

Post by RTH10260 »

Kim Kardashian to Pay $1.26 Million to Settle S.E.C. Charges Over Crypto Promotion
The S.E.C. said Ms. Kardashian did not disclose she had been paid to promote a crypto token sold by EthereumMax.

By Matthew Goldstein
Oct. 3, 2022 Updated 9:51 a.m. ET

Kim Kardashian has found there is a price to be paid when influencers hawk investment opportunities like crypto to their adoring fans without disclosing they are getting paid to do so.

The Securities and Exchange Commission announced a $1.26 million settlement Monday morning with the celebrity for not disclosing she had been paid $250,000 to promote a crypto token sold by EthereumMax.

Ms. Kardashian had promoted the crypto product as a good investment on her Instagram page in June 2021.

Ms. Kardashian, 41, became famous through her family’s long-running reality TV show that chronicles their daily lives. One of the hallmarks of her brand is promoting the products she uses and wears.

Last year, a number of celebrities began endorsing crypto assets in commercials. The S.E.C. has warned a number of times that investors should not buy any investment simply because it has the backing of a celebrity. Regulators have a long history of going after paid celebrities and others for not disclosing that they have been compensated for promoting an investment product.

During the pandemic, a rush of celebrities and athletes joined forces with promoters of special purpose acquisition companies, or SPACs. That led the S.E.C. to issue an alert warning investors to be wary of the blank-check company stock offerings.

“Ms. Kardashian’s case also serves as a reminder to celebrities and others that the law requires them to disclose to the public when and how much they are paid to promote investing in securities,” said Gary Gensler, the S.E.C. chair, in a statement announcing the settlement.



https://www.nytimes.com/2022/10/03/busi ... rypto.html
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#210

Post by bob »

Kardashian's moral-fitness application to the California State Bar just got more interesting.
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#211

Post by Gregg »

bob wrote: Mon Oct 03, 2022 1:16 pm Kardashian's moral-fitness application to the California State Bar just got more interesting.
Is she still even trying to become a lawyer? I thought that stunt ended two seasons ago.
Ms. Kardashian, 41, became famous through her family’s long-running reality TV show that chronicles their daily lives. when she leaked herself performing in a sex tape with someone who was actually famous and she was just the daughter of the Lawyer who hid OJs bloody clothes when he returned to LA after he murdered his wife and fled to Chicago as an alibi...allegedly.

One of the hallmarks of her brand is promoting the products she uses and wears.
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#212

Post by bob »

Gregg wrote: Mon Oct 03, 2022 1:33 pmIs she still even trying to become a lawyer?
Kardashian in 2021 finally passed California's "Baby Bar," the test non-traditional students (i.e., those not at an ABA-accredited school) must pass before continuing their studies.

In March, she said she dreams of starting her own firm.

So ... yes?
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#213

Post by humblescribe »

bob wrote: Mon Oct 03, 2022 2:01 pm
Gregg wrote: Mon Oct 03, 2022 1:33 pmIs she still even trying to become a lawyer?
Kardashian in 2021 finally passed California's "Baby Bar," the test non-traditional students (i.e., those not at an ABA-accredited school) must pass before continuing their studies.

In March, she said she dreams of starting her own firm.

So ... yes?
I believe she'll partner up and form Kardashian & Taitz, Attorneys and Counselors at Law.
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#214

Post by Gregg »

Plus Dentistry and Real Estate!
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#215

Post by RTH10260 »

World’s largest crypto exchange hacked with possible losses of $500m
Binance, the latest crypto company to experience a targeted hack, temporarily suspends transactions and the transfer of funds

Guardian staff and agencies
Fri 7 Oct 2022 17.06 BST

Binance, the world’s largest cryptocurrency exchange, may have lost half a billion dollars after a hack of its network.

The company temporarily suspended transactions and the transfer of funds after detecting an exploit between two blockchains, a method of digital theft that has been used recently in at least one other major hack.

“The issue is contained now. Your funds are safe. We apologize for the inconvenience and will provide further updates accordingly,” Binance’s CEO, Changpeng Zhao, said in a tweet.

Binance originally said that $100m to $110m in funds were taken. Since then, CNBC has reported the crypto company has lost $570m.

In a blogpost on Friday, Binance said it was working on locking down any areas of vulnerability. “First, we want to apologize to the community for the exploit that occurred. We own this,” the company wrote. “Thanks to the assistance of all the security experts, projects, and validators, the vast majority of the funds remain under control.”

Last year Binance said that it was time for global regulators to establish rules for crypto markets. The company acknowledged at the time that crypto platforms have an obligation to protect users and to implement processes to prevent financial crimes, along with the responsibility to work with regulators and policymakers to set standards to keep users safe.



https://www.theguardian.com/technology/ ... operations
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#216

Post by raison de arizona »

Damien Hirst just burned 1,000 of his paintings and will soon burn thousands more

British artist Damien Hirst is among the many art-world giants who have set fire to their work, having burned 1,000 of his artworks Tuesday. He streamed the event on Instagram and is set to burn thousands more works of art.

It's part of his project "The Currency." It consists of a collection of 10,000 NFTs. Each non-fungible token corresponds to a physical painting featuring his signature multicolored dots, made from enamel paint on handmade paper. The pieces were initially available for $2,000, which is affordable compared with what Hirst's work has been known to go for.

"A lot of people think I'm burning millions of dollars of art but I'm not, I'm completing the transformation of these physical artworks into nfts by burning the physical versions," Hirst wrote in an Instagram caption. "the value of art digital or physical which is hard to define at the best of times will not be lost it will be transferred to the nft as soon as they are burnt."

A year after buying a piece from "The Currency," collectors had to make a choice. They could either take the painting, meaning they would lose the NFT, or hold onto the NFT, meaning the painting would be burned.

"'The Currency' pitted Hirst's foray into the new world of digital art against his old-school practice, asking the art market to decide which was more valuable," wrote Artnet News' Caroline Goldstein.

The buyers were almost evenly split in their decisions, with 5,149 opting to trade their NFT for the original painting and 4,851 choosing the NFT. The pieces are being shown at the Newport Street Gallery in London and will be burned during the art fair Frieze London, which runs from Oct. 12 through 16.
:snippity:
https://www.npr.org/2022/10/12/11282921 ... ble-tokens
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#217

Post by RTH10260 »

australia
Couple mistakenly given $10.5m from Crypto.com thought they had won contest, court hears
Money from crypto exchange was allegedly used to buy four houses worth $4m, vehicles, art and furniture, police officer tells court

Australian Associated Press
Tue 11 Oct 2022 06.08 BST

A Victorian woman accused of theft over a $10.5m mistaken cryptocurrency refund has been released on bail as she awaits trial, despite claims she allegedly tried to flee the country.

Thevamanogari Manivel and her partner, Jatinder Singh, appeared by video link from prison in Melbourne magistrates court on Tuesday when they were committed to stand trial on theft and other charges.

In May 2021, Crypto.com intended to refund Manivel $100 but she was erroneously transferred $10.47m. The company did not notice the mistake until an audit was conducted in December.

A worker in Bulgaria, who processed the refund, had entered the wrong numbers into an Excel spreadsheet, Michi Chan Fores, a Crypto.com compliance officer, told the court.

Once processed, she said the refund request was sent to a payment provider in Australia, who then transferred the money into Manivel’s Commonwealth Bank account.

The Crypto.com account was in Singh’s name but the transfer may have been sent to Manivel’s account as he used her bank card to buy cryptocurrency, the court heard.

Singh allegedly thought he won the money after being sent a notification from the Crypto.com app about a competition. This was also what he told Manivel.

However, Fores claimed there was no such competition and said Crypto.com did not send push notifications to tell users about competition winnings.

The money was allegedly used to buy four houses while $4m was transferred to a Malaysian bank account. The rest paid for gifts, vehicles, art and furniture, the court heard.




https://www.theguardian.com/technology/ ... tocurrency
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#218

Post by RTH10260 »

FTX: Cryptocurrency market rocked by near-collapse of exchange

Published 18 hours ago

The digital assets market has been rocked by the near-collapse of one of the world's biggest cryptocurrency exchanges, FTX.

On Tuesday, FTX struck a bailout deal with larger rival Binance after a surge in withdrawals caused a "significant liquidity crunch".

Concerns about FTX's financial health reportedly triggered $6bn (£5.2bn) of withdrawals in just three days.

Binance says it agreed to buy FTX's non-US unit, pending due diligence.

FTX's founder Sam Bankman-Fried and Binance's chief executive Changpeng "CZ" Zhao are two of the most powerful people in the cryptocurrency market and high-profile rivals.

The pressure on FTX came in part from Mr Zhao, who tweeted on Sunday that Binance would sell its holdings of FTX's digital token, known as FTT.

"Due to recent revelations that have come to light, we have decided to liquidate any remaining FTT on our books," he said. FTT has lost almost 80% of its value this week.

On Tuesday Mr Zhao tweeted, "This afternoon, FTX asked for our help. There is a significant liquidity crunch."

Binance said it had signed a letter of intent to buy the firm but had "the discretion to pull out from the deal at any time".

Also on Twitter Mr Bankman-Fried said: "Our teams are working on clearing out the withdraw backlog as is. This will clear out liquidity; all assets will be covered 1:1."

"The important thing is that customers are protected... We are in the best of hands," he added.

Mr Bankman-Fried also noted that FTX's US business was a separate company and "not currently impacted by this".



https://www.bbc.com/news/business-63564364
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#219

Post by RTH10260 »

BBC as above wrote:Since the "cryptocrash" in the spring, the young, outspoken, owner of FTX has been a beacon of hope to investors large and small.

While other companies have faltered, Bankman-Fried seemed to be thriving.

In the last six months, the 30-year-old had given out generous rescue packages for struggling firms, secured lucrative acquisitions and taken part in high-profile media interviews.

As revelations about his company's fragile finances came to light in reporting by CoinDesk, those outspoken interviews are now coming back to bite him.
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#220

Post by RTH10260 »

breaking news - oopsie
FTX: Cryptocurrency giant Binance walks away from bailout

Published 1 hour ago

Binance, the world's biggest cryptocurrency exchange, has walked away from a bailout deal of its smaller rival FTX.

Binance said that after due diligence, it would not pursue the deal.

It said reports of "mishandled customer funds and alleged US agency investigations" had swayed its decision.



https://www.bbc.com/news/business-63577783
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#221

Post by Uninformed »

“Crypto giant FTX collapses into bankruptcy”:
https://www.bbc.co.uk/news/business-63601213

“Embattled cryptocurrency exchange FTX has filed for bankruptcy in the US, seeking court protection as it looks for a way to return money to users.
Former boss Sam Bankman-Fried has also stepped down as chief executive, the company said.
It is a massive turn of fortunes for the 30-year-old, who had headed the world's second largest crypto exchange.
In just over a week, his FTX empire has collapsed, shaking confidence in the already troubled crypto market.”
If you can't lie to yourself, who can you lie to?
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#222

Post by Gregg »

Another Crypto Crash.
:confuzzled:

The future of money 💰
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#223

Post by much ado »

And it gets worse...

'FTX Has Been Hacked': Crypto Disaster Worsens as Exchange Sees Mysterious Outflows Exceeding $600M
The collapse of FTX, already one of the most spectacular disasters in financial history, worsened as hundreds of millions of dollars were drained from the cryptocurrency exchange hours after it filed for bankruptcy.

More than $600 million was siphoned from FTX's crypto wallets late Friday. Soon after, FTX stated in its official Telegram channel that it had been compromised, instructing users not to install any new upgrades and to delete all FTX apps.

"FTX has been hacked. FTX apps are malware. Delete them. Chat is open. Don't go on FTX site as it might download Trojans," wrote an account administrator in the FTX Support Telegram chat. The message was pinned by FTX General Counsel Ryne Miller.
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#224

Post by RTH10260 »

:think: :confuzzled: inside job '?
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#225

Post by much ado »

RTH10260 wrote: Sat Nov 12, 2022 2:34 pm :think: :confuzzled: inside job '?
Yes, that would be my guess.
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