Notes

Cryptocurrency Seeks the Spotlight, With Spike Lee's Help

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<h1 style="clear:both" id="content-section-0">The 8-Minute Rule for CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data<br></h1>
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<p class="p__0">As the popularity and price of bitcoin, dogecoin and ethereum continue to rise, so too do the online scams associated with those digital currencies. Americans have actually lost more than $80 million in cryptocurrency investment frauds because October, a 1,000% increase from the fall of 2019, according to Federal Trade Commission information.</p>
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<p class="p__1">The FTC information, launched Monday, showed about 7,000 reports of crypto investment frauds gotten by the firm given that last fall, with a mean loss of $1,900. The losses are occurring as, celebrities back dogecoin and more Americans attempt to understand what cryptocurrency is everything about. "All of this plays right into the hands of scammers," Emma Fletcher, a program analyst with the FTC, said in an analysis of the information.</p>
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<p class="p__2">Although thought about an extremely unstable form of cash by many professionals, bitcoin of nearly $50,000 in February, in part because more companies are accepting it as a kind of payment. The Most Complete Run-Down , Visa and Whole Foods are simply a few of the major merchants that accept bitcoin. Tesla CEO Elon Musk previously this year announced his company was accepting bitcoin as payment for its electric cars and trucks, only to recently.</p>
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<p class="p__3">The number of ATMs across the nation that provide has likewise grown. Still, dramatic swings in worth have kept numerous traditional financiers away from crypto financial investments. Dogecoin, for example, fell 36% previously this month after Musk, while hosting "Saturday Night Live," called the digital currency "a hustle.""Cryptocurrency is promising, but please invest with caution," Musk later tweeted, adding in a connected video that "it ought to be thought about speculation at this point."Fraudsters, according to the FTC, are finding creative methods to con people into deceitful crypto financial investments.</p>
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<h1 style="clear:both" id="content-section-1">Cryptocurrency News: Why Is the Crypto Market Down Today - Questions<br></h1>
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<p class="p__4">In another, scammers posture as celebs, such as Elon Musk, and technique customers into sending them cryptocurrency by guaranteeing that the celeb will add to their financial investment. Scammers likewise in some cases impersonate a government company or organization connected with cryptocurrencies, the FTC stated."For instance, lots of people have told the FTC they packed cash into Bitcoin Automated Teller Machine to pay imposters claiming to be from the Social Security Administration," Fletcher composed.</p>
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