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PayPal Seeks to Launch its Own Stablecoin

Paypal Coin

PayPal has been slowly but steadily making inroads into the bitcoin business. It will allow anyone to buy and sell crypto and make transactions in 2020, although it is presently only available in the United States.

PayPal’s senior vice president of crypto and digital currencies, Jose Fernandez da Ponte, told Bloomberg that the corporation is currently looking into the possibility of creating its own stablecoin.

Stablecoins are a type of digital money that is linked to the value of a redeemable stable reserve asset such as the dollar, rupee, or the price of a real commodity.

They strive to combine the advantages of cryptocurrency transactions, such as speed and secrecy, with the centralized, more stable values of fiat currencies like the US dollar or the Indian rupee.

Jose Fernandez da Ponte told Bloomberg, “I don’t think we’ve seen a stablecoin that works effectively for payments yet.”

“We’re looking into a stablecoin,” he said, adding that “if and when we decide to move forward, we’ll engage closely with relevant regulators.”

When iOS developer Steve Moser discovered code within the PayPal app for iOS that hinted at a future “PayPal Coin” backed by the US dollar, the debate erupted.

The corporation initially disputed the allegations, claiming that the photographs were from a hackathon idea generation session, but then revealed to Bloomberg that it was considering establishing its own coin.

Forbes List of the Top 10 Richest People in 2021

Top 10 Richest People

Under the effect of Corona, the global economic situation became unstable. Employees have been laid off in a number of companies. A large number of institutions have also closed. The impact on the ultra-wealthy, on the other hand, does not appear to have been significant. Furthermore, their fortune has multiplied many times over. According to Forbes, a total of 1,800 new names have been added to the world’s 260 billionaires.

There are several persons on this list who are very wealthy. They make at least ten billion dollars per year. In 2021, the top 10 millionaires will have a combined worth of $456 billion. All six people on the list are citizens of the United States. The majority of them work in the IT industry, either directly or indirectly. According to the magazine, the fortunes of these wealthy Americans have increased by a total of 304 billion dollars this year. India, France, China, and Hong Kong are the other four lucky affluents.

Here are some of Forbes’ top 10 wealthiest people this year:

1. Elon Musk

It’s difficult to find someone who hasn’t heard of Elon Musk. Tesla and SpaceX are both owned by him. Musk has a net worth of 265.4 billion dollars. It has a net worth of more than 109.7 billion dollars in 2021. Musk passed the $300 billion mark in November of last year. Musk’s record, however, was short-lived after he announced the sale of Tesla stock on Twitter. He was also named to Forbes’ list of the world’s wealthiest individuals in 2020. In 2021, he appears to have broken his own record by earning almost 110 billion dollars. Musk recently sold his California property and now lives in a 400-square-foot apartment.

2. Gautam Adani and his family

This Indian billionaire has an estimated net worth of $81.1 billion. This year, its assets increased to $52.5 billion. The Adani Group is primarily engaged in infrastructure development, electricity generation, and real estate. Adani Gas’ stock has increased 400% this year. Adani Transmission increased by 330 percent, while Adani Enterprises increased by 250 percent, putting Adani and his family in second place on Forbes’ list.

3. Larry Page

Larry Page, the co-founder, and chairman of Alphabet, the parent company of Google, surged 31% to third place on the list. Larry Page has a net worth of 127.3 billion dollars. This year, he has made about 50 billion dollars. Larry Page and his colleague Sergei Brin launched the firm in 1997.

4. Larry Ellison

Larry Ellison, the co-founder, and chairman of the technology firm Oracle is ranked fourth on the list with a net worth of 135.6 billion dollars. In 2021, he earned $46.5 billion. Allison Tesla is the firm’s second-largest partner, has acquired 1.5 percent of the company by purchasing 3 million Tesla shares.

5. Sergei Brin

Sergei Brin, a co-founder of Google, has a net worth of $121.7 billion. He made $46.6 billion in 2021. Brin is the CEO of LTA Research & Exploration, an airship company. He has also established Parkinson’s disease research institutions. He sold Alphabet stock in May 2016.

6. Bernard Arnold and his family

This French tycoon’s net worth is estimated to be at 194 billion dollars. Arnold and his family are expected to make $43 billion in 2021. Arnold was the richest guy on the planet at the start of the year. Arnold is the chairman of the LVMH Group, a luxury goods conglomerate based in France. His companies include Louis Vuitton, Moyet-Hennessy, Fendi, Christian Dior, and Givenchy, among others.

7. Steve Ballmer

Ballmer, Microsoft’s former CEO, has a net worth of $106.5 billion. This year, he earned a total of $32.3 billion. The fact that the Los Angeles Clippers, a basketball franchise owned by Balmer, has increased in value by 20% does not put him in seventh place on this list. Microsoft’s stock has risen 56 percent this year, raising the company’s overall assets.

8. Zhang Eming

The Chinese tycoon has a net worth of 59.4 billion dollars, according to Forbes. Its revenue has climbed to $31.6 billion dollars in 2021. BiteDance is owned by Zhang Young. He has a 22 percent stake in the corporation. In May of this year, he stepped down as the company’s CEO. The social networking platform ‘TickTock’ is a bit dance program that has garnered a lot of traction throughout the world.

9. Robin Zheng

Forbes has listed Robin Zheng, a Hong Kong resident. Contemporary Amperex Technology, a maker of electronic automobile batteries, is his company. He has just risen 57 percent to ninth place on the list. Zheng’s company, which was founded in 2011, provides batteries for electric vehicles from BMW, Volkswagen, and Tesla.

10. Bill Gates

Gates is rated 10th on Forbes’ list, with a net worth of only 16.9 billion dollars in 2021. The former tycoon has a net worth of 139.2 billion dollars. Many believe that his entire wealth has decreased as a result of his divorce from Melinda. “Whatever the situation, adapting to change is never easy,” Bill Gates observed. Under divorce law, Bill Gates recently handed assets worth at least 6.2 billion to Melinda.

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Tesla CEO Elon Musk Says ‘Enough Stock’, Slams California for ‘Overtaxation’

Tesla CEO Elon Musk
Photo: Collected

According to an interview released on Tuesday, Tesla CEO Elon Musk stated he has sold “enough stock” to meet his goal of selling 10% of his shares in the world’s most valuable car firm.

Following his personal departure to Texas last year, the billionaire lambasted California for “over-taxation.”

Tesla shares, which had been hovering near record highs, dropped roughly a quarter of their value after Musk indicated on November 6 that if Twitter users agreed, he would sell 10% of his ownership.
Musk sold another 583,611 shares on Tuesday, bringing his total number of shares sold to 13.5 million, or nearly 80% of what he expected to sell.
In an interview with the satirical website Babylon Bee, he remarked, “I sold enough shares to get to roughly 10% plus the option exercise stuff and I tried to be quite specific here.”
When questioned if he sold the shares because of the Twitter poll, he stated that “no matter what,” he needed to exercise stock options that expire next year. He also mentioned that he sold some “incremental stock” to reach close to 10%.

8.06 million of the 13.5 million shares sold were sold to cover taxes connected to his option exercise.

Musk announced on Twitter on Sunday that he will pay more than $11 billion in taxes this year (approximately Rs. 83,060 crores).

“California used to be the land of opportunity, but now it’s more so the land of sort of overregulation, overlitigation, and over-taxation,” he added, adding that getting things done in California is becoming “increasingly difficult.”

Time Magazine’s 2021 “Person of the Year” is Elon Musk

Elon Musk Tesla

Elon Musk, the creator and CEO of the SpaceX space exploration business, just surpassed Amazon founder Jeff Bezos as the world’s wealthiest person.
“Clown, genius, edgelord, visionary, industrialist, showman,” they said “Tesla CEO Elon Musk has been selected Time magazine’s Person of the Year for 2021.

Mr. Musk, who is also the founder and CEO of the space exploration business SpaceX, recently surpassed Amazon founder Jeff Bezos as the world’s wealthiest person, with his net worth soaring to about $300 billion as Tesla’s stock price rose. He owns almost 17% of Tesla’s shares, which sold for nearly $1,000 per share on Monday.

Mr. Musk’s accomplishments, according to Time, range from his founding of SpaceX in 2002 to his involvement in the creation of the alternative energy company SolarCity, in addition to Tesla, the world’s most valuable car company. The journal underlines that its annual honor is not a reward, but rather “recognition of the individual who had the greatest impact on the events of the year, for good or for evil.”

Mr. Musk has an army of ardent fans (and investors) on social media, where he skewers the powerful as well as regulators attempting to keep an out-of-control leader in check, according to the magazine. He gives outrageous assistance to the world in front of his 66 million Twitter followers and roils markets driving even his own followers and investors insane.

Despite the fact that it only became profitable in recent years, Tesla is by far the most valuable automobile company on the planet, with a market capitalization of $1 trillion at one time this year. Ford and General Motors, two Detroit heavyweights, are worth less than $200 billion combined.

Last month, Mr. Musk announced that SpaceX would attempt to launch its futuristic bullet-shaped Starship into space in January. NASA has signed a contract with SpaceX to deploy Starship to transport astronauts to the moon’s surface as soon as 2025. Mr. Musk stated that he intends to utilize the reusable ships to land people on Mars in the future.

Mr. Musk recently admitted to his 66 million Twitter followers that half of his tweets were “written on a porcelain throne,” according to Time. Time went on to explain one of those bathroom Twitter storms in their profile of the outspoken CEO before concluding, “This is the man who desires to preserve our world and get us a new one to inhabit.”

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Italian Regulators Fined Amazon $1.2bn

Amazon

Italy’s antitrust regulator fined Amazon $1.2 billion (£910 million). It claimed that Amazon had exploited its market dominance by promoting Fulfillment by Amazon, its own logistics business (FBA).

It said that businesses needed to use the FBA service to gain access to important perks including selling Prime-delivery products at no extra cost to customers and participating in Black Friday promotions. Amazon stated that it “seriously disagrees” with the verdict and that it will file an appeal.

Amazon will be fined $500,000 for failing to share Covid data.
The commission found that Amazon disadvantaged third-party vendors by compelling them to use its own infrastructure to have access to important advantages and events.

“As a result, Amazon has barred third-party sellers from linking the Prime branding with deals that are not administered by FBA,” the report stated. Access to such features, according to the regulator, is “crucial” for vendors to succeed on Amazon’s Marketplace.

It also stated that it would impose corrective measures that would be reviewed by a monitoring trustee. The fine was “unjustified and unreasonable,” according to Amazon.

“We strongly disagree with the Italian Competition Authority’s judgment and will appeal,” the company stated.

“Small and medium-sized enterprises have a variety of choices for selling their items both online and offline, including Amazon.

“We are continually investing to assist the growth of the 18,000 Italian SMBs [small and medium-sized enterprises] that sell on Amazon, and we provide a variety of tools to our sellers, including those who manage their own shipping.”

Third-party sellers can use the firm’s Seller Fulfilled Prime (SFP) service to get Prime benefits without having to employ its own shipping services, according to the company.

It’s the second fine imposed by Italian regulators in as many weeks after both Amazon and Apple were penalized $228 million (£173 million) for restricting Beats headphone sales to a few select retailers. Both Apple and Amazon have stated that they intend to appeal the penalty.

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What is Tethereum? Everything You Need to Know

Tethereum

It’s difficult for newcomers to buy Ether on exchanges since there’s a lot of friction and it’s frequently too complicated. Tethereum tokens will go on sale in pre-sale on December 5, 2021. Token swapping is even more difficult. Tethereum is an incredible invention with great potential that you should not overlook. You may put your trust in Tethereum with your Ether; they’re here to make things easier for you. You can lock in a profit by purchasing in the Pre-Sale.

What is Token Swapping, and how does it work?

Token swapping is a revolutionary protocol that improves the efficiency and decentralization of blockchain technology. Token swaps allow consumers to exchange one blockchain asset for another without using a centralized exchange. Users will be able to trade assets swiftly and securely for cheap costs, and the assets will never leave the blockchain.

Token swaps also allow users to transfer assets between blockchains and promote interoperability between different blockchain protocols and ecosystems. Token swapping is supported by several exchanges and wallets, and because it is based on smart contracts, it has no additional expenses and is secure.

Why are Token Swapping Platforms so Important?

When a token swapping platform is employed, a new token does not need to go through the lengthy process of constructing a new blockchain and nodes for it or developing a new blockchain network and then convincing others to use it. A token swapping platform makes it easier to get a new token off the ground.

Tethereum as a Platform for Token Swapping

Tethereum is a peer-to-peer open-source program that allows anybody to buy and sell Ether (ETH) in exchange for national currencies or other blockchain tokens. It provides Liquidity Providers with Token Swapping with the lowest fee and maximum fee profits in a variety of methods.

Tethereum is totally decentralized and censorship-resistant, unlike existing exchanges, thanks to alternative protection techniques. Tethereum secures users’ anonymity by employing a bespoke P2P network using Tor. Every user is a node that participates in the network. An all-in-one desktop program (for Linux, OS X, and Windows) with an intuitive user interface and trading protocol execution.

Tethereum’s Vision and the Future of Blockchain

Tethereum and its founders envision a future in which decentralized financial systems and systems built around them govern. Decentralized finance (often referred to as DeFi) is a blockchain-based type of finance for individuals who wish to learn more about it.

Tethereum

Traditional financial instruments are not offered through central financial intermediaries such as brokerages, exchanges, or banks. Instead, smart contracts on blockchains, the most common of which is Ethereum, are used, making the process more transparent and hassle-free. Tethereum can be purchased on its own exchange, Tethereum Exchange.

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No Proposal to Recognise Bitcoin as a Currency, Nirmala Sitharaman

Bitcoin

Finance Minister Nirmala Sitharaman stated in a reply to the Lok Sabha on Monday that the government has no plans to recognize Bitcoin as a currency in the country.

She also assured the House of Representatives that the government does not gather information on Bitcoin transactions.

“No, sir,” the Finance Minister answered when asked if the government had considered recognizing Bitcoin as a currency in the country.

Bitcoin is a digital currency that enables people to purchase and sell goods and services without the involvement of banks, credit card companies, or other third parties.

It was first created as a cryptocurrency and electronic payment system in 2008 by an anonymous group of programmers. It is said to be the world’s first decentralized digital currency, with peer-to-peer transactions taking place without the use of a middleman.

Meanwhile, during the current Winter Session of Parliament, the government intends to introduce the Cryptocurrency and Regulation of Official Digital Currency Bill 2021. The bill aims to outlaw all but a few private cryptocurrencies in order to foster underlying technology while allowing the RBI to create an official digital currency.

In response to another query, Sitharaman stated that during the current fiscal year’s April-September period, ministries and departments spent Rs 2.29 lakh crore on capital spending.

This is 41% of the Budget Estimate (BE) for 2021-22, which is Rs 5.54 lakh crore. She stated that the real expenditure in the current fiscal year is around 38% greater than the similar expenditure in FY 2020-21.

The Government of India launched the National Infrastructure Pipeline (NIP) with a projected infrastructure investment of Rs 111 lakh crore between 2020 and 2025 to provide world-class infrastructure across the country and improve the quality of life for all citizens to accelerate capital expenditure for the creation and upgrading of infrastructure in the economy.

NIP began with 6,835 projects and has since grown to over 9,000 projects in 34 sub-sectors. According to her, the NIP is expected to improve project preparation, attract infrastructure investments, and play a key role in economic growth.

On August 23, 2021, the National Monetization Pipeline (NMP) was also launched to unlock the value of public sector assets by tapping private sector capital and efficiencies for delivering infrastructure services, she said, adding that the monetization proceeds will be used to augment existing/create greenfield infrastructure to boost the economy.

Gati Shakti (National Master Plan for Infrastructure Development) was then released on October 13, 2021, as a digital platform to bring Ministries/Departments together for integrated planning and coordinated implementation of infrastructure connectivity projects, according to her. It will also improve infrastructure connectivity at the final mile and cut people’s journey time, she said.

On inflation, the Finance Minister stated that the government monitors the price situation of major vital goods on a regular basis and takes corrective action as needed.

“The uptick in inflation has been mostly driven by exogenous factors, such as rising international crude oil and edible oil prices, which have an influence on domestic inflation due to India’s reliance on these imports,” she said.

WPI inflation is also mainly driven by ‘fuel and electricity and manufactured products’ inflation, which is driven by higher global crude oil costs and higher international commodity/input prices, according to her.

The administration has adopted a number of supply-side measures to combat inflationary pressures, she said.

According to Sitharaman, the central government has lowered the Central Excise Duty on Fuel and Diesel by Rs 5 and Rs 10 correspondingly, with effect from November 4, 2021, in order to keep petrol and diesel prices in check.

“Many state governments have responded by lowering the value-added tax on gasoline and diesel. As a result, retail gasoline and diesel prices have stabilized “she stated

India has agreed to release 5 million barrels of crude oil from its Strategic Petroleum Reserves as an additional price-control measure, she said, adding that this release will take place in parallel with and in consultation with other major global energy consumers such as the United States, the People’s Republic of China, Japan, and the Republic of Korea.

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Top 10 Cryptocurrency Terms People Use Every Day

Cryptocurrency Terms

Despite the fact that Bitcoin was launched in 2009, it wasn’t until later that you couldn’t turn on the news or surf the internet without hearing about cryptocurrencies.

I received so many inquiries from my readers and listeners to my national radio show that I decided to write an e-book about cryptocurrency to assist them. I explain what digital money is, how to mine it, and how to get started trading. To order a copy from Amazon, tap or click here.

Unfortunately, I hear from people who have been duped by one or more crypto scams. Criminals are waiting where there is money. Click or tap to learn about five ingenious crypto scams that are currently circulating, as well as how to keep safe.

Before we begin, keep in mind that this is not financial advice. The cryptocurrency market is volatile, and you should never invest money you can’t afford to lose. Let’s look at some of the most commonly used lingoes:

1. Blockchain

Every bitcoin transaction is performed, confirmed, and stored on a blockchain, which is a virtual ledger. Another record is generated on this virtual ledger when someone buys or sells cryptocurrency.

Consider the blockchain to be a train full of boxcars. A new boxcar is added to the train every time a cryptocurrency transaction is done.

The blockchain is a distributed ledger. This means it isn’t kept on a single machine or even on a single network. The blockchain, on the other hand, is stored on computers all over the world that are connected to the internet.

People and businesses use their own computers’ processing power on a decentralized peer-to-peer network to help validate each transaction that is uploaded to the blockchain. Each transaction is timestamped and encrypted separately, and thus cannot be reversed or altered. Yes, you read that correctly: cryptocurrency transactions are irreversible.

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2. Fiat

“I thought a Fiat was a car,” you might be thinking. In crypto-land, no. Government-issued money is known as fiat money. If you’re in the United States, you’re talking about the dollar.

Cryptocurrency, on the other hand, is a type of digital currency.

Governments or any other standard used with traditional currency do not back cryptocurrencies. The amount you own is represented by each “token.”

The current market value determines how much each token is worth. It goes up one day and down the next. Price swings in cryptocurrencies can be considerably faster and more intense — both positive and negative. CoinMarketCap is a useful tool for checking current prices.

3. Altcoin

This is a simple one to remember. Any digital money that isn’t Bitcoin is known as an altcoin. There are thousands of cryptocurrencies, and new ones are constantly being introduced.

These are the five currencies having the largest market capitalizations at the time of writing. (This is the circulating supply’s overall market worth.) Because cryptocurrency changes so quickly, this list may have already changed by the time you read it.

• Bitcoin is a cryptocurrency.

• Ethereum is a cryptocurrency.

• Binance Coin is a cryptocurrency.

• Use the tether

• Solana is a kind of plant.

4. Exchange

To purchase cryptocurrency, you must first go through an exchange. Consider an exchange to be a cryptocurrency middleman. It’s an online service that lets you swap fiat currency for cryptocurrency or vice versa.

A crypto exchange acts as a brokerage if you’re accustomed to traditional investment. You can make a deposit via a bank transfer, a wire transfer, a debit card, and other common methods. For the most part, you can anticipate paying fees.

You can also buy cryptocurrency via apps like Venmo, Robinhood, or Cash App, which you may already be using.

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5. Wallet

A cryptocurrency wallet, in its most basic form, is an app or physical storage device that allows you to store and retrieve digital currency. You can store various cryptocurrencies in a wallet, so you’re not confined to only Bitcoin.

It’s vital to remember that whether you use an app or a physical wallet, the currency isn’t held there. Wallets, on the other hand, keep track of where your money is on the blockchain.

Wallets are divided into two types: hot and cold. By definition, a hot wallet is linked to the internet. A cold wallet, or one that isn’t linked to the internet, is the most secure way to store your cryptocurrency.

Physical wallets exist in a variety of shapes and sizes, but they are often custom-designed USB devices that store your money for later usage. Physical wallets offer the highest security against hackers.

The Ledger Nano X and Trezor Model One are two popular cold wallets. I like the Ledger Nano X over the other two since it supports 23 different types of cryptocurrencies and has more functionality.

If you’re concerned about privacy, the browser you use is important. I’ve put them in order for you here. Is your favorite on the list?

6. Mining

You’ve probably heard of this word in relation to Bitcoin, which is generated by mining. Solving complicated math problems is how computers mine coins. The faster a computer can “think,” the more powerful it is.

Now, if your computer solves the problem the fastest, you win one unit of whatever cryptocurrency you’re mining.

While a few cryptocurrencies have a limitless supply, most have a limit. The maximum for Bitcoin is 21 million. In 2140 or sooner, the last coin will be mined.

7. DeFi

Here’s another easy one for you. Decentralized finance, or Defi, is a condensed version of the term. Financial transactions take place without the involvement of a “middleman,” such as the government, a bank, or another financial organization.

Still, having trouble grasping traditional internet banking? If you follow a few simple guidelines, you’ll be OK. For banking security 101, tap or click.

8. NFT

Nonfungible tokens are something you’ve probably heard of. “This digital thing is one of a kind and irreplaceable,” as the phrase goes. It covers anything from online artwork to songs, viral videos, articles, text logos, and animated GIFs.

Some people collect old automobiles, fine wines, well-known artwork, and baseball cards. Any digital item can now be transformed into a collectible. They’re also used as status insignia on the internet. Take a look at Jimmy Fallon’s Twitter profile photo as an example.

Only Bitcoin can be used to purchase an NFT. An NFT can be purchased through an auction platform, a secondary market, or by taking part in a mint. You might be wondering what that is.

9. Mint

Minting is the process of storing a file, such as a JPEG or GIF, in a blockchain. An NFT can be sold or traded once it has been minted. When you take part in a mint, you are the first person to purchase a piece from its author. You have the option to keep it, sell it, or exchange it.

The author specifies the royalties they will receive from future sales throughout the minting process. This serves as a commission if the piece is sold in the future, and it’s a key selling point for artists who want to go digital. If you sell an NFT on a secondary market, it will very certainly receive a cut of the sale.

10. HODL

This is a word you may come across on social networking. “Hold on for dear life” is what HODL stands for. Some think it started as a misspelling of the term “hold” on a Bitcoin forum, but it’s now common parlance.

The concept is simple: if you believe a project or currency will appreciate in value, simply “hold” during market downturns.

Do you want to go even deeper? Get a copy of “Cryptocurrency 101.” It’s my easy-to-follow guide to safely purchasing, selling, and spending digital money.

Whether you use Netflix, Hulu, Amazon Prime, Disney+, or Apple TV, your favorite applications are almost certainly following you around. In this episode, you’ll learn about the hidden dangers of cutting the cord.

On Apple, Google Podcasts, or your preferred podcast player, listen to my podcast “Kim Komando Explains.”

The podcast can be found here or wherever you get your podcasts. Simply look up my surname, “Komando.”

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How to Identify and Protect from Crypto Frauds?

Crypto Frauds

The global acceptance of cryptocurrencies, including in India, is evident. More people are jumping on the bitcoin bandwagon for various reasons, with numerous investors raking in inconceivable gains every day. To begin with, it provides users control over their assets and transactions. Users can fall prey to fraudsters and become victims of scams if there is no authority to oversee the operation of bitcoin channels. Customers have been exposed to an increased risk of fraud as the popularity and value of cryptocurrencies such as Bitcoin, Ethereum, and Dogecoin have grown in popularity and value.

Here’s how to spot and avoid some of the most frequent sorts of cryptocurrency scams

  •  If an offer appears to be too good to be true, it is always a good idea to double-check before committing. If a bargain promises you ten times your money back with no explanation, you’re probably buying into a con. So, pass on the deal and avoid being a victim of fraud.
  • On the Internet, there are also fake mobile apps that look very similar to actual cryptocurrency apps. To distinguish between phony and real apps, always search for ratings, customer reviews, and the legitimacy of logos.
  • Always double-check the URLs and web pages. Even in the area of cryptocurrencies, spoofing, which is one of the most popular technological attacks, is common. Make sure you’re only interacting with and transacting on sites that have been approved. Keep an eye on whether you’re being diverted to a site you didn’t mean to visit, even if you’re following a link from a reputable source or crypto expert.
  • Phishing e-mails posing as official communications from a reputable cryptocurrency site or exchange are another popular approach for criminals to deceive people. To entice subscribers, such emails frequently include tempting offers and incentives.
  • Fraudsters can also deceive people by impersonating technical help. Always double-check the phone number, social media account, or email address that is being used to contact you – or that you are being contacted – for tech help and troubleshooting.

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