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Ritesh✨✨

@ritesh77

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Yep.
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🥸 An 86-year-old American man will pay nearly $14 million for organizing a cryptocurrency pyramid scheme. David Cagle from California set up a cryptocurrency Ponzi scheme. Along with two accomplices, from December 2017 to June 2022, they lured victims into the scheme. The scammers promised high, risk-free returns by using a trading bot. They assured users of a net profit of 20–100% within 30 days of investment. ⚠️ Cagle was ordered to pay $14 million and sentenced to a five-year probationary term. He is currently residing in a nursing home.
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Ritesh✨✨
@ritesh77
🥸 An 86-year-old American man will pay nearly $14 million for organizing a cryptocurrency pyramid scheme. David Cagle from California set up a cryptocurrency Ponzi scheme. Along with two accomplices, from December 2017 to June 2022, they lured victims into the scheme. The scammers promised high, risk-free returns by using a trading bot. They assured users of a net profit of 20–100% within 30 days of investment. ⚠️ Cagle was ordered to pay $14 million and sentenced to a five-year probationary term. He is currently residing in a nursing home.
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@ritesh77
Hi
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💸 Bitcoin continues to lead in investment attractiveness in 2024, even after a "seasonally weak" third quarter, according to NYDIG. Since the beginning of the year, the leading cryptocurrency has grown by 49.2%, outpacing traditional assets. "While Bitcoin's correlation with stocks has increased, recent figures are still low. This means that digital gold offers significant diversification benefits for multi-asset portfolios," the company's analysts noted. NYDIG expects significant activity after November 5, especially if Trump wins the election.
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🗓 Uptober is still on CryptoQuant analysts reminded that over the past 6.5 months, the maximum average Bitcoin drop was 10% (excluding August, when the price fell by 22%). 🔽The current drop is 7%. "Just because Uptober started off poorly doesn’t mean it will end the same way." Additionally, growth traditionally begins in the second half of the month—starting from the 19th.
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✔️ Buterin proposed lowering the minimum staking deposit to 16 or 24 ETH This is beneficial for staking accessibility and scalability. Later, the minimum deposit could be reduced to as low as 1 ETH.
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👀 Edward Snowden called the Solana blockchain overly centralized. According to the former CIA employee, Solana centralizes everything. And once a country starts interfering, control over the system will be easily taken away. Bitcoin, on the other hand, is designed with the assumption of a worst-case scenario. If developers don’t design their service to be decentralized at the protocol level, they will face the same situation as Telegram.
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His time
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📈 For the third consecutive week, there have been inflows into cryptocurrency-based funds. Last week, amid expectations of continued accommodative monetary policy in the U.S., the inflow amounted to $1.2 billion. Ethereum broke a streak of 5 negative weeks, recording an inflow of $87 million.
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🔝 Top 5 Current Trends in the Crypto Market When building a portfolio, it's important to first develop a strategy for selecting cryptocurrencies. A good option is to follow current trends. Here’s what’s popular right now: 📌 AI is becoming a key element in blockchain, accelerating automation. In the future, AI could even trade on your behalf and generate profit. Keep in mind that this trend is filled with many empty projects that have simply added "AI" to their descriptions. 📌 RWA (tokenized assets) open up investment opportunities for the Web2 community and add liquidity to the market. BlackRock and JPMorgan are already involved in tokenization. Which blockchains they will choose to implement their plans is the question. 📌 DePin – networks that use blockchain to power real-world infrastructure, primarily challenging cloud giants like Amazon, Google, and Microsoft. Blockchain offers certain advantages over centralized services, but issues of accessibility, reliability, and competi…
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🔝 Top 20 Promising Cryptocurrencies for Q4 2024 According to Grayscale ✔️Once every quarter, the Grayscale Research team analyzes hundreds of digital assets to assess the rebalancing of the company’s funds, and based on the results, they compile a list of the top 20 assets across various sectors of the crypto market. This top 20 represents a selection of assets that, according to the company, have high potential in the upcoming quarter. The analysts' approach takes into account a range of factors, including network growth and adoption, upcoming catalysts, resilience of fundamental metrics, token valuation, supply inflation, and potential risks.
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🕯 "Grayscale has released an updated top 20 list of coins with the greatest potential as part of their Q4 2024 analytical report. ✔️ Six new assets have been added to the list: Sui (SUI), Bittensor (TAO), Optimism (OP), Helium (HNT), Celo (CELO), UMA Protocol (UMA). In addition to these, the top also includes: BTC, ETH, SOL, TON, LINK, NEAR, UNI, STX, AAVE, AR, MKR, LDO, AKT, AERO."
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🔗 PayPal has added the ability for business accounts to buy, store, and sell cryptocurrency directly from their accounts. ✔️ The company noted that corporate users are increasingly seeking the same opportunities to work with digital assets as retail customers.
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✔️ Binance has backed BNB Chain's gas-free campaign The exchange will offer zero withdrawal fees for USDT, USDC and FDUSD in BNB Smart Chain and opBNB starting today and until October 19. 💵 As a reminder, BNB Chain announced a solution for gas-free payments with USDT, USDC and FDUSD stablecoins.
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