🚨 Erin West describes how scammers lure victims into crypto traps🚨 💡 Here's a sneak peek into their tactics: 1️⃣ Hook: "Are you interested in trying this? Let's start with a small amount of money. How about $5,000?" 2️⃣ Step-by-Step: Victims are directed to their bank to withdraw U.S. dollars. 3️⃣ Crypto Conversion: These dollars are then deposited into a cryptocurrency exchange like Coinbase or Crypto.com. 📈 For Crypto Newbies: - Crypto exchanges are like banks, but for digital currency. - Exchanges such as Coinbase are where crypto is held. - Victims are guided step-by-step to convert their money into Tether, a stablecoin representing the U.S. dollar in crypto form. 💬 Learn more about this process and how to protect yourself! 🎥 Stay informed and stay safe, watch the full video now!
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Fraud Tip of the Month: Remain vigilant to a number of prevalent scams using crypto payments to separate consumers from their funds. Here are a few tips to help you remain scam savvy. 🚩 If anyone asks you to use a Bitcoin ATM for payment – it’s a scam! 🚩Beware of ‘investment pros’ that target consumers via social media. 🚩Make sure to research carefully before investing in any cryptocurrency. 🚩Once payment is sent to a crypto wallet, there is very little recourse to recoup your funds. Take your time before making any payments or investments through crypto! For more security tips and resources, visit https://lnkd.in/eiTxiyFA
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Bankman-Fried Another case, very sadly for those that lost money, of misjudgement and ill-informed investment choices. I am seeing a plethora of cryptocurrency cases where there has been fraud, of one type or another. The Financial Conduct Authority (FCA) has a very useful page providing advice and warnings for those that are looking to invest in Crypto. For me, the question (at this stage) is why? Some of the old adages apply here; never invest money that you can’t afford to lose, and if it looks to good to be true, it is likely that it’s not true. Eventually, there will be a use for cryptocurrencies and digital currencies too, but using them for transactions is very different from ‘investment’ otherwise known as ‘speculation’. Bankman-Fried is facing up to 110 years for fraud, but yet again this is another case, and it will sadly happen again, where investors are chasing dream returns that are not realistically possible.
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CS Engineer | Web3 Researcher | Venture Capital | Web3 | Python | JavaScript | SQL | HTML & CSS | Java | DeFi | GameFi | Tokenomics | DAO | AI | Prompt Engineer | Trading
Cryptocurrency is a digital or virtual currency that uses cryptography for security. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control. Bitcoin, the first and most well-known cryptocurrency, was created in 2009. Since then, many other cryptocurrencies have been designed. Crypto proponents often argue that crypto has several advantages over USD. For example, they say that crypto is faster and more efficient to send than USD. They also argue that crypto is more secure than USD, as it is not subject to government or financial institution control. Additionally, they argue that crypto is a better store of value than USD, as it is not subject to inflation. According to CoinMarketCap, the market capitalization of all cryptocurrencies is currently around $2 trillion. And expect it to rise much further! What benefits do you think crypto has against fiat currency?
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Here are the benefits of crypto trading Crypto trading offers decentralization, meaning that cryptocurrencies operate independently of central banks and governments, giving traders more control over their assets. Additionally, crypto markets are accessible 24/7, allowing traders to buy and sell at any time. Cryptocurrency prices can fluctuate rapidly, providing opportunities for profits. Transactions are secured through cryptography and recorded on public ledgers (blockchains), ensuring the integrity and security of the trading process. Crypto trading also offers privacy, as transactions can be made pseudonymously, offering a degree of financial privacy. Moreover, cryptocurrencies provide a new asset class, allowing traders to diversify their portfolios and potentially increase returns. Finally, most cryptocurrencies have a capped supply, potentially increasing demand and value. Transactions are typically faster than traditional payment systems, and fees are often lower. However, it's important to remember that crypto trading also involves risks, like market volatility and potential losses, and should be approached with caution and education. #cryptotrading #digitalcurrency
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🚀 What is a Crypto Exchange and How to Use One 🚀 Cryptocurrency exchanges are platforms that allow you to buy, sell, and trade digital currencies like Bitcoin, Ethereum, and more. But how do they really work, and how can you get started? Here’s a simple breakdown: 1. Sign Up: Create an account on trusted exchanges like Binance or Coinbase. 2. Verify Your Identity: Ensure security and compliance with KYC verification. 3. Deposit Funds: Bank transfer, credit card, or directly from a crypto wallet. 4. Trade: Buy, sell, or trade in real-time. 5. Withdraw to a Secure Wallet: Keep your assets safe! 🔒 Pro Tips: - Start small—crypto is volatile! - Secure your assets with strong passwords and 2FA. - Stay informed—market trends change fast! 🤖 Feeling overwhelmed? That’s where CryptoTradeMate comes in. Our automated trading bots and expert signals simplify the trading process. Whether you’re a beginner or a pro, we’ve got you covered. Join CryptoTradeMate today for expert insights and automated trading strategies tailored to you! #Crypto #CryptoTrading #CryptoExchange #Bitcoin #Ethereum #CryptoTradeMate #TradingTips
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Dormant Bitcoin Wallets Transfer $20.3 Million After A Decade of Inactivity A peculiar activity in Bitcoin wallets, reported by sources, has raised ears and opened wide eyes across the crypto arena. Bitcoin has allegedly arrived just below the $60,000 mark, and two dormant https://lnkd.in/edqB9AYj #Bitcoin #Crypto #bitcoinvalue #botcoinwallet #dormantwallets
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A cryptocurrency, crypto-currency, or crypto[a] is a digital currency designed to work as a medium of exchange through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it.[2] It is a decentralized system for verifying that the parties to a transaction have the money they claim to have, eliminating the need for traditional intermediaries, such as banks, when funds are being transferred between two entities. #snsinstitutions #snsdesignthinkers #designthinking
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A new post is available on news.nbtc.finance : JPMorgan Issues a Statement on Tether (USDT), Again Infuriating the Cryptocurrency World JPMorgan claimed that the Office of Foreign Assets Control (OFAC), a financial intelligence and enforcement agency affiliated with the US Treasury Department, could exercise control... Read more : https://lnkd.in/eR7Ay3c7 "#JPMorgan #Tether #OFAC #CryptocurrencyRegulation #CryptoControversy #Crypto #Altcoins #NBTC"
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