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Dimitar Dzhondzhorov



Articles by Dimitar Dzhondzhorov

Dogecoin-Branded Car Crashes During a NASCAR Race

2 days ago

The American racer Stefan Parsons crashed with his Dogecoin-sponsored car at NASCAR. Interestingly, the accident of the Chevrolet Camaro coincides with the recent collapse of DOGE’s price.
DOGE’s Car Couldn’t Finish
NASCAR Xfinity Series Race in Nashville presented to the American fans another spectacle. Unfortunately, the 22-year-old Stefan Parsons couldn’t reach the finish as he crashed his Dogecoin-sponsored Chevrolet Camaro. Because of the accident, the car finished last.
Springrates CEO Sean Tylor was among the sponsors of the race car alongside other DOGE holders. Even though Chevrolet #99 crashed into the wall, the organizers from NASCAR approached the accident with a sense of humor. They referred to Elon Musk’s sympathy towards the meme coin:
”Sorry, you had to see

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Russian Billionaire Oleg Deripaska Urges Bank of Russia to Move to Bitcoin

4 days ago

The Russian oligarch Oleg Deripaska blamed the Bank of Russia for its strict regulations imposed on digital assets. In his opinion, the central bank obstructs the citizens from involving in cryptocurrencies like Bitcoin.
Russia Should Add BTC As a Payment Method
One of the wealthiest Russians – Oleg Deripaska – used his Telegram account to criticize the Bank of Russia on its crypto stance. He surmised that the country should add the primary cryptocurrency as a payment method, giving an example with the Latin country of El Salvador, which already laid the foundations:
”Even poor El Salvador, known for being close to oft-mentioned Honduras, has realized the need for digital currencies and taken a simple path, recognizing Bitcoin as a means of payment.”
Furthermore, the

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Indian Police Arrested ”Crypto King” Who Traded Drugs for Bitcoin

4 days ago

India’s Narcotics Control Bureau (NCB) arrested Makarand Pardeep Adivirkar, better known as the ”Crypto King”, on suspicion of purchasing drugs from the Darknet using bitcoin. Apart from Indian peddlers, the criminal also bought narcotics from European ones.
LSD for BTC
The NCB announced that it arrested a suspect who allegedly exchanged bitcoin for LSD. He was later identified as Makarand Pardeep Adivirkar, a.k.a. the ”Crypto King”. The criminal operated on the notorious Darknet, where numerous outlaws trade illegal substances like drugs and weapons:
”His modus operandi was to receive cash, and provide bitcoins on marginal profits by using his wallet that was used to purchase drugs from the Darknet.”
The investigation revealed that it found 20 LSD blots in Kharodi

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Bitcoin Gets More Popular in The UK, But Few People Actually Understand It

4 days ago

The latest data revealed that 78% of the UK residents have heard of cryptocurrencies, as 2.3 million of them hold some of them. Nonetheless, the overall understanding of digital assets has declined.
More HODLers But Less Crypto Knowledge
Digital assets remain a complicated industry in the UK, and the share of people investing in them is significantly lower than in other countries. However, the public awareness surged by 5% in a year, as in 2021, 78% of the locals have heard of cryptocurrencies compared to 73% in 2020, according to the FCA.
The number of individuals who own virtual assets has also increased as 2.3 million Britons have some cryptocurrencies, representing 4.4% of the population. Last year’s data showed this percentage to be 3.9%.
The locals seem to have

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How a British Teacher Lost £120K in a Bitcoin Scam on Instagram

4 days ago

Teresa Jackson – a retired teacher from Portishead, Somerset – lost her savings in an online scam. A mysterious ”financial advisor” persuaded her to stake £120,000 in a bitcoin investment scheme advertised on Instagram.
Universal Credit Instead of Multiplying Her Money
The UK’s national reporting center for fraud and cybercrime sounded a note of caution that crypto investing could be a hazardous operation.
Action Fraud and Citizens Advice informed about the case of Teresa Jackson. Impressed by a Bitcoin investment plan on Instagram, the retired 63-year-old teacher started contemplating whether to place some of her funds in it.
Subsequently, she was contacted by an individual who claimed to be a financial advisor with outstanding knowledge about Bitcoin. The anonymous man

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Elon Musk’s Tesla Should Accept ADA, Says Cardano Founder Charles Hoskinson

7 days ago

Charles Hoskinson – the founder of Cardano –  stated that the project’s native cryptocurrency ADA is one of the greenest and most eco-friendly digital assets. He further opined that Tesla (TSLA) should choose it if it really cares about environmental sustainability.
Tesla Should Go for Cardano (ADA)
In a recent interview with Lex Fridman, Charles Hoskinson highlighted the benefits of his proof-of-stake blockchain platform Cardano. He noted that the PoS system is much better in terms of energy consumption compared to its rivals. Moreover, he surmised that Cardano and its native digital asset should be the first choice for Elon Musk’s giant EV-maker Tesla:
”If they truly care about alternative energy, sustainability, carbon reduction, and carbon neutrality, you can’t be in a

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Everybody Will Accept Bitcoin and its Price Will Reach $250K in 2022, Says Tim Draper

8 days ago

The American billionaire Tim Draper predicted that bitcoin’s value would reach $250,000 by the end of 2022. He further opined that the primary cryptocurrency would be the core of all financial activities for the next 20-30 years.
BTC Is The Future
Tim Draper – an American venture capital investor – shared with CNBC his bullish view on BTC’s future value. He forecasted that despite the volatility in the crypto market, the primary digital asset would hit $250,000 by the end of next year.
Additionally, Draper said numerous large companies would follow the example of Microsoft, Starbucks, PayPal, Home Depot and accept bitcoin as a means of payment:
”Give it about a year and a half and retailers will all be on Opennode [bitcoin payment processor], so everybody will accept

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Bitcoin Looks Like a Bubble to Institutional Investor Hall of Famer Richard Bernstein

8 days ago

Richard Bernstein, an institutional investor Hall of Famer, sounded a note of caution to investors to beware of dealing with Bitcoin. He finds it ”wild” how the primary cryptocurrency was still very popular in a bear market, while assets like oil have been disregarded in a bull market.
The Rush to Own BTC Has Become Dangerous
In a recent interview with CNBC, the CEO and CIO of Richard Bernstein Advisors spoke about the increased popularity of Bitcoin and altcoins. He opined that they are so trendy that investors focus mainly on them and fail to notice the right assets to allocate their wealth in:
”It’s pretty wild. Bitcoin has been in a bear market, and everybody loves the asset. And, oil has been in a bull market, and it’s basically, you never hear anything about it.

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Central Bank of Tanzania Should Strive for Crypto Adoption, Says the Country’s President

10 days ago

The president of Tanzania – Samia Suluhu Hassan – outlined the nation’s need for cryptocurrency adoption. She stressed out that the East African region still falls behind other, more advanced regions.
‘Do Not be Caught Unprepared’
In a recent announcement, the Tanzanian president – Samia Suluhu Hassan – highlighted the development of cryptocurrency usage and adoption in many countries. She reminded that the East African region, where Tanzania is located, is not as advanced as other areas and urged the financial chiefs to start working on that matter:
”I know that throughout the nation, including Tanzania, they have not accepted or started using these routes. However, my call to the Central Bank is that you should start working on that development.”
President Hassan backed

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World’s Leading DJ David Guetta Sells His House In Miami: Bitcoin and Ethereum Accepted

10 days ago

The French icon in house music, David Guetta, listed his exclusive beachfront apartment on Miami Beach for $14 million. Apart from fiat currency, he would also accept bitcoin (BTC) and ether (ETH) as a payment method.
A Seaview in Exchange for Crypto
In the crypto-friendly city of Miami, the renowned DJ David Guetta put a selling price of $14 million for his exclusive three-bedroom 2521 square foot oceanfront apartment. The potential buyer would have the option to pay using the leading digital assets BTC and ETH. The local real estate company Freud Group, which has managed many property deals of celebrities, hosted the sale.
Source: The Music EssentialsGuetta’s apartment is located on the 37th floor and is one of the pearls of the 5 star Setai Hotel and Residences. It has

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Rich Millennials Have a Large Chunk of Their Wealth in Crypto: CNBC Survey

12 days ago

Nearly half of the young investors with at least $1 million in their portfolio responded that they had located a large share of their funds in cryptocurrencies. Older generations, though, prefer fiat money.
Crypto Is a Trend among The Millennials
According to a CNBC survey with 750 participants, almost 50% of millennial millionaires have invested at least 1/4 of their wealth in cryptocurrencies. In comparison, more than 30% of them have located at least half of their assets in crypto. The company, which conducted the analysis, was Spectrum Group. Its president – George Walper – explained why the younger generations find the market so tempting:
”The younger investors jumped on it early when it was not as well know. They were more intellectually engaged with the idea even

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Dave Portnoy Disasgrees with Donald Trump That Bitcoin is a Scam

12 days ago

The CEO and founder of Barstool Sports – Dave Portnoy – admitted that at the beginning, he thought Bitcoin was a ”Ponzi scheme.” Eventually, he changed his stance and even opposed Donald Trump, who called the primary cryptocurrency a ”scam.”
Trump Is Wrong
In a recent interview for ”Varney & Co,” the founder of Barstool Sports – Dave Portnoy – shared his current view on bitcoin and the crypto market. He revealed that years ago, when the primary digital asset was introduced, it looked like a ”Ponzi scheme” to him, but later he started realizing its merit:
”I thought when Bitcoin was first introduced and for a long time that it was a Ponzi scheme. I’ve come around on it. It’s too widely accepted, there are too many people using it, too many big people believe in it, too many

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The Netherlands Must Ban Bitcoin Ahead of Price Crash, Says a Dutch Official

13 days ago

Pieter Hasekamp, head of the central planning bureau CPB, opined that the Dutch government must ban digital assets. He further stated that a crypto collapse is inevitable.
Cryptocurrencies Are ”Neither Money Nor a Financial Product”
The director of the CPB Pieter Hasekamp urged the ruling cabinet of the Netherlands to officially forbid trading, possession, and mining of bitcoin and digital assets. The move could protect local investors as, in his opinion, the crypto market will eventually crash:
”For investors and the governments alike, the last person to act is the loser. The Netherlands must now ban bitcoin.”
Hasekamp explained that numerous nations started taking steps into banning cryptocurrencies because virtual assets take part in scams and criminal activities. They

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American Billionaire Ken Moelis Compares the Crypto Craze to the Gold Rush of 1848

14 days ago

The founder of the investment bank Moelis & Company – Ken Moelis – asserted that his institution is fond of the crypto market. He opined that people nowadays are just as crazy about digital assets as they were about gold back in 1848.
Crypto Might Come to Moelis & Company
In a recent Bloomberg interview, Ken Moelis shared his thoughts on the future of cryptocurrencies alongside his personal opinion about them. Despite saying that it is not likely to invest his personal funds in crypto assets, he noted that his company is quite interested in them:
”Definitely on the business side, we are focused on having expertise.”
The American billionaire added that the mission of Moelis & Company is to provide its customers with the tools they need, so if there is a high demand for

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Anthony Scaramucci Sees Bitcoin’s Potential Unleashed over The Next Two Years

14 days ago

The founder of SkyBridge Capital – Anthony Scaramucci, is not stunned by the recent decline of bitcoin’s USD price. Just the opposite, he believes that its fiat currency value will reach new heights in the next 24 months.
BTC Will Be Back
In a recent CNBC interview, the American financier Anthony Scaramucci reassured the supporters of the primary cryptocurrency that it will overcome its current downward volatility. He reminded that Bitcoin’s performance in 2021 is still impressive, being 10% up, despite its recent nosedive.
SkyBridge Capital’s CEO made an interesting reference as he compared the digital asset to Amazon. In the late 20th century, the multinational e-commerce giant was in its infancy and its stock price was quite volatile as well. However, investing in it

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Most Expensive Cryptocurrency Real Estate Purchase: $22.5 Million Miami Penthouse

15 days ago

An anonymous buyer paid the record-breaking $22.5 million in digital assets to acquire a deluxe penthouse in Miami Beach. The deal became the most expensive known residential transaction paid with crypto.
The Pearl of Arte Surfside Sold for Crypto
In a recent press release, Forbes announced that an individual purchased an exclusive oceanfront condo located in the Surfside neighborhood in Miami for the colossal sum of $22.5 million. The buyer used cryptocurrencies to obtain the property, which is part of the posh building Arte Surfside. However, it’s not disclosed what type of cryptocurrency the buyer has used. This move represented the most expensive transaction ever to be paid this way.
Courtesy of ArteIt is worth noting that no other property in Miami beach has ever been

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‘Net Neutrality’ Father Tim Wu Owns At Least $1 Million in Bitcoin

15 days ago

Tim Wu – a leading antitrust expert at the White House – owns between $1 and $5 million in bitcoin. His crypto investment represents the largest chunk of his portfolio.
The Critic Turned out to Be a HODLer
According to Politico, Tim Wu – who is also an attorney and a legal scholar – holds Bitcoin at least $1 million, representing between 25% and 43% of his total assets. He also holds between $100K and $250K worth of Filecoin (FIL).
It is worth noting that the 49-year-old White House advisor has not always been fond of Bitcoin. Back in 2017, he called it a ”bubble.” Despite agreeing that the primary cryptocurrency ”might work fine as a store of value that you can sell”, Wu opined that it is very insecure:
”Bitcoin isn’t backed by any sovereign, and unlike a stock or a bond,

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India Could Benefit if Crypto is Treated Like Gold, Says Infosys Co-Founder

16 days ago

Despite calling them volatile and energy-intensive to use as a means of payment, the Indian tech executive Nandan Nilekani advised the local government to accept cryptocurrencies as an asset class. He opined that the move would boost the country’s economy.
Crypto Like a Commodity
In a recent interview for the Financial Times, the Indian billionaire Nandan Nilekani – co-founder and chair of Infosys – appealed to the local authorities to embrace cryptocurrencies as an asset class.
He argued that there is huge potential in the market, and the second-most populated country could gain advantages from it. Furthermore, the government should not restrict ”crypto guys to put their wealth into India’s economy.”
Nonetheless, the Indian entrepreneur agreed with many critiques that

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Lawyers Reveal: Divorcing Couples Hide Money With Cryptocurrency

18 days ago

American experts warned that some spouses use digital assets as an instrument to hide money during divorce arrangements.
There Are Always Ways
According to a recent New York Digital Investment Group (NYDIG) survey, nearly 50 million Americans currently own bitcoin. Furthermore, the popularity of altcoins is also on the rise.
With the above in mind, divorce attorneys in the USA noted that more and more spouses camouflage their money into crypto during breakup settlements. Sandra Radna, an expert, based on Long Island, said:
”I’m sure it’s been an issue the whole time. The level of awareness for divorce attorneys is very recent.”
Radna acknowledged that the hardest part for attorneys is to discover whether there was an actual crypto investment. She added that many spouses do

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Orange County Man Sent to Prison For Processing $25 Million Worth of Bitcoin Illegally

18 days ago

Kais Mohammad – a resident of Orange County – will spend the next 24 months in federal prison for operating an illegal BTC ATM service. The US officials said that the man processed up to $25 million with some of it on behalf of criminal suspects.
Behind Bars
In 2020 Kais Mohammad, also known as ”Superman29”, pleaded guilty to the charges against him of operating unauthorized money transmitting business, money laundering, and failing to maintain an effective anti-money laundering program.
Judge Josephine Staton from the Central District of California sentenced the 39-year-old man to spend the next two years in prison, the US officials recently reported.
According to the US Department of Justice, Mohammad was in charge of the illegal digital currency money services business

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Sculptors to Build a Satoshi Nakamoto Statue in Budapest

18 days ago

The Hungarian capital will immortalize the anonymous creator of Bitcoin by building a bronze statue of him. The designers of the project plan to put a hoodie on his head to represent his anonymity.
A Statue of His Honor
The secret identity of Bitcoin’s creator – with the pseudonym Satoshi Nakamoto – remains one of the biggest mysteries in the crypto community. Even though no one knows his (or her) real name, sculptors from the Hungarian capital Budapest decided to erect a life-size bronze statue in their honor.
According to the local paper Hungary Today, Réka Gergely and Tamás Gilly will create the statue with a hoodie on top of his head, referring to his unknown identity. Moreover, the figure will have a face, but it will be a reflective surface, so everyone staring at it

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Bitcoin Stabliziation May Be on the Horizon: Norway Finance Minister

19 days ago

Jan Tore Sanner – the Minister of Finance in Norway – opined that Bitcoin will see better days if it manages to solve its volatility issues. However, he advised investors to stay away from the current crypto market due to enhanced uncertainty.
Breakthrough for BTC
Contrary to the mostly negative comments coming from policymakers about Bitcoin’s merits, Norway’s Finance Minister – Jan Tore Sanner – surmised that the asset could overcome its instability and achieve a breakthrough in the long term:
”It is clear that there may be a development over time, whereby you will be able to get more stabilization mechanisms in the currencies that can lead to greater breakthroughs and upheavals in the slightly longer term.”
Despite his optimistic forecast, though, Sanner warned

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Cybersecurity Giant NortonLifeLock Will Add Ethereum (ETH) Mining Services

20 days ago

The antivirus company NortonLifeLock announced a new feature on its platform, named Norton Crypto. Its mission will be to enable customers to mine Ethereum in a safe and accessible way.
Mining ETH
In a recent announcement, the cybersecurity firm notified its nearly 13 million customers about a new service on its platform. Called Norton Crypto, it will provide a “safe and easy way” for consumers to mine one of the largest digital assets by market capitalization – ether (ETH).
Vincent Pilette – CEO of NortonLifeLock – outlined that crypto mining with personal computers can be a risky process, and its newly announced service will grant safety and malware protection to the customers:
”As the crypto economy continues to become a more important part of our customers’ lives, we

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Philips to Accept BTC and ETH in a Banksy Auction

21 days ago

Philips will be auctioning a world-famous artwork called “Laugh Now Panel A” created by the anonymous street artist Banksy. Jonathan Crockett – Asia Chairman at the company – announced that BTC or ETH would also be accepted as a means of payment on the auction.
Philips Enters the Crypto Community
In a recent Bloomberg interview, Jonathan Crockett highlighted that Philips would accept the largest cryptocurrencies – bitcoin and ether – to purchase Banksy’s ”Laugh Now Panel A”. The executive revealed that the seller insisted on the move as it would grant him more potential buyers and a higher price as an outcome:
”We’re really doing this because the seller was open to the idea of opening bidding to a new pool of potential buyers and therefore achieving a higher sale price as

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China Hands Out $6.2M for Digital Yuan Tests as Russia Says CBDC are the Future

21 days ago

Residents of the Chinese capital will receive 40 million renminbi ($6.2 million) of the digital currency. They can use two banking apps to apply to win one of the 200,000 so-called ”red packets”, each containing 200 yuan, as part of a lottery.
Simultaneously, the governor of Russia’s central bank called digital currencies the future of money.
Another CBDC Trial in China
In yet another attempt to test its CBDC, the Chinese officials decided to distribute 40 million renminbi ($6.2 million) to Beijing residents. The handout will be on a lottery principle. Those who wish to apply for the funds can do that until June 7th.
According to the Beijing Local Financial Supervision and Administration Bureau, the citizens of the Chinese capital can apply for the handout by using two

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Crypto is Not a Substitute for Gold but Copper: Goldman Sachs Head of Commodity Research

22 days ago

Jeff Currie – the Global Head of Commodities Research at Goldman Sachs – shared his thoughts on Bitcoin being a gold replacement. According to him, digital assets are substitutes for copper.
From Gold to Copper
In a recent CNBC interview, Jeff Currie warned that cryptocurrencies are risky and people should not consider them as a gold substitute. He opined that copper is a much more similar asset to be compared to digital assets:
”Digital currencies are not substitutes for gold. If anything they would be a substitute for copper. They are pro-risk, risk-on assets.”
Currie explained that Bitcoin is very volatile and should not be called ‘digital gold’ as it is a very new asset. Having only around 11 years of trading history, the primary cryptocurrency could be a substitute

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BitMEX and Human Rights Foundation Donate $150K to Bitcoin Scaling Researcher

23 days ago

BitMEX announced a $100,000 grant for the Korean-based Bitcoin scaling researcher – Calvin Kim. Furthermore, the crypto derivatives exchange informed about an additional $50,000 donation from its partner – the Human Rights Foundation.
BitMEX’s $150K Renewal
In a recent statement, the popular Bitcoin derivatives trading venue BitMEX announced it had renewed Calvin Kim’s developer grant until June 2022, supporting him with an additional $100,000. In August 2020, the exchange provided the Korean with $30,000. Moreover, the Human Rights Foundation – a partner of BitMEX – will join along this time with a donation of $50,000 to Kim.
Alex Höptner – CEO of BitMEX – touched upon the collaboration with the Human Rights Foundation and highlighted the significance of Calvin Kim’s

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Cardano’s Charles Hoskinson: Central Banks Will Vanish and Crypto Will Replace Them

24 days ago

Charles Hoskinson – the creator of Cardano –  opined that central banks would fade away as they are slow and corrupt. Furthermore, he claimed that crypto is the cure to the current financial system.
Crypto Is The Antidote
In a recent video, Hoskinson shared his thoughts on the financial ecosystem and the significant role of cryptocurrencies. He opined that central banks are no longer the efficient institutions they used to be, describing them as slow and corrupt. Hoskinson went even further, predicting that they will soon disappear:
”You can’t go back. You can’t change that, you can’t put that genie back in the bottle. Central banks will fade away. It’s just going to happen. Your conventional legacy banks are going to fade away. The payment rails that are so nepotistic,

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Ed Carpenter with His Bitcoin Chevrolet Comes Fifth on Indy 500

24 days ago

Ed Carpenter, who was racing with the Bitcoin logo on his car, finished 5th on one of the most exciting racing events in the US – the Indy 500. This is a considerable achievement for BTC Chevrolet 21 as the Indianapolis competition consisted of 33 participants.
BTC on The Runway
Ed Carpenter – one of the most prominent US automobile racers – gave the audience another great show and finished 5th out of 33 participants on the final ranking on Indy 500, but this time with the Bitcoin symbol on his car. Hours before the start, he praised the primary cryptocurrency and revealed his excitement to race for its cause:
”Today, we make history. Today, ECRIndy is proud to race for human freedom, financial inclusivity, saving technology, and Bitcoin development. Bitcoin is the hardest

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Australian Nurse Lost Her Life Savings In A Cryptocurrency Scam

26 days ago

Rhonda – an Australian nurse – lost all her savings after being lured into a fake bitcoin investment. The fraudulent scheme stole hundreds of thousands from the devastated Sydney woman just months before her retirement.
Dreams of Retirement Were Dashed
An Australian nurse revealed in a recent interview for 2GB radio how a cryptocurrency scam swindled out her entire life savings, sounding a note of caution to other investors about the red flags she should have been mindful of.
Rhonda, who worked as a nurse in Sydney for 44 years, was browsing the internet when she saw an advertisement offering bitcoin investment using a fake celebrity endorsement by popular people in Australia.
In the beginning, she ”invested” $350 in the fraud, entering her email address and phone number

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