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2024-05-04

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Ethereum Stumbling Blocks In 2023 Was a pleasure to join @AJEnglish today to provide my thoughts as the SBF trial commences pic.twitter.com/E1rsOiOaY7 Buy Tether with Credit Card - USDT“It’s a really challenging time to want to be an equity investor and in U.S. stocks right now. You’ve got the geopolitical uncertainty… the United States is probably in its weakest fiscal position since certainly World War II with debt-to-GDP at 122%.” Image Source: UnsplashHeartland Tri-State Bank, a community bank in Elkhart, Kansas, has been forced to shut down after its CEO, Shan Hanes, lost millions of dollars in a cryptocurrency scam. The incident unfolded on July 5 when Hanes, desperate to retrieve his money from a supposed cryptocurrency investment, approached one of his wealthy clients with a peculiar request, according to a recent report from Bloomberg.Per the report, the banker asked the client to lend him $12 million, promising to repay the loan with an additional $1 million in interest after just 10 days. Hanes said he was investing in crypto with the help of someone else and claimed that there were some wire payment issues, which needed an infusion of more funds.The client, a local farmer, ultimately declined to provide the loan, suspecting it to be a crypto scam. He even reportedly advised Hanes to go to Hong Kong in order to recover the money.However, after discovering that Hanes had indeed wired the $12 million, the farmer took the matter to a member of Heartland's board.Consequently, the Kansas Office of the State Bank Commissioner launched an investigation into the bank and declared it insolvent on July 28.The closure of Heartland Tri-State Bank has sent shockwaves through Elkhart, a tight-knit community where the bank played a vital role. As one of only two banks in town, Heartland was deeply embedded in the fabric of the community, sponsoring local events and providing financial assistance to those in need. FDIC Estimates Heartland's Loss at $54 MillionThe Federal Deposit Insurance Corp. (FDIC), which was appointed as the bank's receiver, has estimated a loss of $54 million from its insurance fund to protect depositors. The substantial loss is an indication of the severity of the situation, given that Heartland had total assets of only $139 million. Shareholders, including Hanes and his family, face the possibility of losing their investments as the bank's stock was owned by a separate holding company.The incident has also drawn the attention of law enforcement agencies. FBI agents have been conducting investigations, questioning community leaders with ties to the bank. The FBI, however, has neither confirmed nor denied the existence of an investigation. Exact Details of the Crypto Scam Remain UnclearThe exact details of the crypto scam that ensnared Hanes remain unclear.However, a warning issued by the US Department of the Treasury's Financial Crimes Enforcement Network suggested that it was probably a pig butchering scam. Meanwhile, Hanes has not been accused of any wrongdoing.He has resigned from his positions on the school board and the Kansas Bankers Association and is awaiting the outcome of the ongoing investigation.The collapse of Heartland comes as four major US lenders have failed so far this year, including Silvergate Bank, Signature Bank, Silicon Valley Bank, and First Republic Bank.Among these banks, the failure of Silvergate and Signature was partly related to the 2022 crypto meltdown. Bigger Than Pepe and Shiba Inu, Wall Street Memes Price Pumps 56%, Trading Volume Beats Other Top Meme Coins

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During the downturn, DOGE’s market capitalization fell 1.48% to $8,540,913,811, while its 24-hour trading volume increased by 13.45% to $105,208,987. Despite the price correction, the increase suggests increasing trading activity and interest in DOGE. Furthermore, it shows that there is still significant market involvement and room for future price volatility. Take a look at past charts by using TradingView to locate entry points that match your own. If your stop-loss order or price goal was hit, make a note of it here. At least 50 to 100 deals can be done this way. Determine whether or not the plan would have been profitable and whether or not the outcomes suit your expectations. 5 Best Places To Stake Dogecoin in 2023-How & Where To Stake DOGE?Lil’ Pudgys are baby penguins with a variety of different outfits. When 3AC owned these particular NFTs, it never claimed them. General Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.What Is a Stablecoin? How Does It Affect the Cryptocurrency Ecosystem?

The RSI is above 50 and increasing, both signs of a bullish trend. Institutional investment in the crypto space is surging in the United Arab Emirates. Is Bitcoin a Decentralised currency?General Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.How Cryptocurrencies Are Linked to Inflation and Deflation Users can create avatars, socialize with others, engage in commercial activities, and even build and own virtual assets within the metaverse. It's a place where the physical and digital worlds merge, providing limitless opportunities for entertainment, education, and business.

Earlier this week, the floor price of Lil Pudgy Penguins NFT collection, an extension of the Pudgy Penguins NFT collection, saw a notable increase in the floor price and reached a new high of $788 (0.48 ETH). Lil Pudgy Penguins is a collection of 22,222 additional NFTs. “One of the things that I’ve observed — obviously many other people too — is corruption is such an incredible hindrance to getting anything done in a society to make it forward progress,” said Altman. “But in a world where payments, for example, are no longer like bags of cash but done somehow digitally and somebody, even if you’re using Bitcoin, can like watch those flows,” he said, adding:“I think that’s like a corruption-reducing thing.“Meanwhile, Rogan expressed his own optimism for Bitcoin despite skepticism of the wider cryptocurrency industry, saying he believes it can become a “universal viable currency.”“The real fascinating crypto is Bitcoin. To me, that’s the one that I think has the most likely possibility of becoming a universal viable currency. It’s limited in the amount that there can be [and] people mine it with their own [computer].”“That to me is very fascinating. I love the fact that it’s been implemented,” Rogan added.I disagree with Joe Rogan here. #Bitcoin won’t become a “universal, viable currency”.It already is universal, viable currency being used by millions of people globally. pic.twitter.com/RpMIHrQMUg— Dennis Porter (@Dennis_Porter_) October 7, 2023 Cryptocurrency News: Nigeria To Pass Bill On Legalizing Cryptos & Bitcoins“The No. 2 crypto was on an upswing in 2021 and liquidity was positive,” McGlone and Seyffart noted. “Both have reversed.” Source- Tradingview

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