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- Reddit user says post on $800M Tesla bitcoin buy was a hoax — and he was on LSD when he did it
- The crypto scam on Instagram that cost Jonathan and his friends $20k
- Reddit Recap: Meme Stocks, Dogecoin, Bitcoin and the Growth of Crypto in 2022
- Crypto.com Review: An All Around Crypto Platform In One
- Did a Reddit user have the scoop on Tesla’s bitcoin move?
- Dogecoin More Popular Than Bitcoin On Reddit In 2021, Tesla Getting Into Bitcoin Among Top Posts
- Avoiding a cryptocurrency scam
- How to Get Approved to Run Crypto Ads on Reddit, Facebook, and Twitter
Reddit user says post on $800M Tesla bitcoin buy was a hoax — and he was on LSD when he did it
Nguyen admits that he didn't investigate the project thoroughly prior to investing. A DAO is a decentralized autonomous organization that runs on blockchain technology. While Anubis identified itself as a DAO, the details of the project and its purpose are unclear. Some think it could be phishing attack, where attackers typically send emails with links prompting the entry of holder's private keys.
Others believe it could be a " rug pull ," a common type of crypto scam where developers abandon a project and leave with investors' funds — though there is currently no concrete evidence of that. The token sale began on Thursday and ended on Friday, during which Nguyen invested six figures worth of ether, he says. Though he wasn't involved with the project's development and had little information about it, he says AnubisDAO was appealing to him because it marketed itself in a similar way to other dog-inspired cryptocurrencies like dogecoin or shiba inu, which have surged in popularity lately.
The sale being on Copper Launch, a well-known crowdfunding mechanism, also added some legitimacy, Nguyen says. And Nguyen says he heard the AnubisDAO had support from a popular, pseudonymous crypto influencer called 0xSisyphus, whom Nguyen respects, he says.
After people began tweeting and talking about losing their money on Reddit, the AnubisDAO tweeted that the incident was a result of an "unforeseen error with Copper [Launch]. In response, Copper Launch said it hadn't been compromised , "but the Anubis team seems to have compromised their admin keys ," or a string of letters and numbers similar to a password used to unlock access to a holder's cryptocurrency.
Copper Launch tweeted that any entity can use its crowdfunding mechanism, explaining that a launch on its platform isn't an endorsement of the project. Internet money isn't always easy. Unfortunately, losing money in such crypto investments is not uncommon. If it is a scam or phishing attack, it's unlikely funds will be returned, though it isn't impossible.
This is in part why experts generally deem cryptocurrency to be a risky, volatile and speculative investment. When it comes to investing in decentralized finance , or DeFi, applications or tokens, experts recommend to only invest what you can afford to lose. But, "it's important to understand the reason the reward is high is because the risk is higher. The reason we see high yield is there is risk here.
Sign up now: Get smarter about your money and career with our weekly newsletter. Skip Navigation. It's "pretty painful," Nguyen says.
VIDEO Crypto's next big thing: Decentralized finance takes on Wall Street.
The crypto scam on Instagram that cost Jonathan and his friends $20k
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Reddit Recap: Meme Stocks, Dogecoin, Bitcoin and the Growth of Crypto in 2022
As crypto trading attracts new and seasoned investors, platforms like Gemini and Coinbase can make it easy and safe to trade cryptocurrency. Both are well-known centralized exchanges that abide by strict U. Although the exchanges are similar, differences exist. Gemini provides features that support institutional investors, while Coinbase lets you earn crypto while learning about trading. Beginners will feel comfortable using either platform. We reviewed Gemini and Coinbase to determine overall costs for different trading amounts and volumes, payment methods available, and cryptocurrencies supported. We also considered ease of use, standout features, and security solutions. Plus, we looked at customer support and the functionality of their mobile applications.
Crypto.com Review: An All Around Crypto Platform In One
New to cryptocurrencies? Need a safe place to store your crypto assets? These top hot wallets can help! Join us in showcasing the cryptocurrency revolution, one newsletter at a time.
Did a Reddit user have the scoop on Tesla’s bitcoin move?
Reddit is evaluating ways to incorporate NFT profile pictures on its site, after Twitter's lead. Reddit is trying out NFT profile pics on its platform, only a week after Twitter released a similar option. In , the renowned social media platform had almost million monthly users, and it is supposedly operating on an NFT profile picture integration that will allow users to set their profile pic to any non-fungible token that has an associated image. Reddit representative Tim Rathschmidt revealed in an interview with Techcrunch on January 27 that:. An app developer previously this week uploaded a Reddit banner advertising the function, implying that the testing is already well underway. NFTs, on either side, has lately received significant criticism from gamers and Web2 developers.
Dogecoin More Popular Than Bitcoin On Reddit In 2021, Tesla Getting Into Bitcoin Among Top Posts
Sable Martin, 25, a biology graduate and expectant mother in Atlanta, spends her days trading stocks. On May 19, everything changed. She started seeing reports that Binance, the world's largest crypto exchange by trading volume, according to CoinMarketCap , was crashing and preventing people from moving their money, while others were saying their accounts had been closed with no explanation. She quickly logged on to Binance. US to transfer them to. She followed the site's instructions. But they asked her to log back in to her original account, which she could no longer access, to move the coins, which are now worth many times what she paid for them in She contacted customer service.
Avoiding a cryptocurrency scam
At Binance, there are different options available for buying cryptocurrencies. In this article, you will learn how to buy crypto with a card and how it is different from funding your fiat wallet using card deposits. Direct card purchases help you buy cryptocurrencies at real-time prices.
How to Get Approved to Run Crypto Ads on Reddit, Facebook, and Twitter
CTO at Coro Global Inc, the creators of CORO , a mobile payment app that combines gold with the world's most advanced and secure hashgraph distributed ledger technology. With CORO anyone can exchange, send and save gold and dollars instantly, seamlessly and at low cost. While gold has shown time and time again that it is a resilient form of money, the price of Bitcoin saw the biggest single crash in its history at the beginning of the year. Blockchain-based cryptocurrencies like Bitcoin are volatile, and they lack the necessary components to scale as a global currency and payments platform. The way in which blockchain was designed will ensure it remains so. Blockchain technology lacks fundamental regulatory guidance and therefore poses a number of risks to crypto holders.
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Reddit appears to be testing out a new feature that will soon allow its users to set an NFT as their own profile picture. The update is similar to when Twitter announced earlier this month that it would launch NFT profile pictures. Reddit provided a statement to TechCrunch explaining that the company is still in the very early stages of its NFT testing phase and that it has not yet been made available to the public users. Reddit will not be limiting the profile pictures to its CryptoSnoos and aims to allow other NFT projects to be featured.
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