CRYPTOCURRENCY

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Nov 21 2024ENTERTAINMENT

The Duct-Taped Banana: A $6. 2M Art Mystery

Ever heard of a banana duct-taped to a wall selling for $6. 2M? That's exactly what happened at Sotheby's New York. The piece, called "Comedian" by Maurizio Cattelan, sparked a seven-minute bidding war and sold for a whopping $6. 2M—far more than its estimated $1M to $1. 5M value. A Chinese collecto

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Nov 21 2024CRYPTO

The Shady Side of Cryptocurrency: Should You Really Invest?

Cryptocurrency has become a big deal lately, especially with a president who's all for it. But before you decide to invest, it's important to know the dark side of this digital money. First off, creating cryptocurrencies like Bitcoin uses tons of energy. This isn't great for the environment and add

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Nov 21 2024CRYPTO

Bitcoin's Big Boom: How Trump's Presidency Is Fueling Crypto Optimism

Bitcoin is getting closer to the $100, 000 mark, making waves in the financial world. This surge is happening because many investors believe that under President Donald Trump’s second term, the U. S. will be more friendly to cryptocurrencies. Bitcoin’s price hit a new high of $98, 367 before slightl

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Nov 20 2024CRYPTO

Ethereum's Laundry Matters: Money Washing in the Digital Age

Ethereum, known for its smart contract capabilities, has risen quickly. But its cloak of anonymity makes it a prime spot for illegal activities, like money laundering. Bad guys turn dirty cash into clean currencies using Ethereum. Unlike old-fashioned money laundering, with its clear signs, Ethereum

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Nov 20 2024BUSINESS

Crypto Bakkt and Trump's Social Media Firm: A Potential Deal

Everyone's talking about Trump Media & Technology Group (TMTG) now that news has spread about their talk to buy Bakkt, a crypto trading platform previously led by Senator Kelly Loeffler, a staunch Trump supporter. The valuation keeps everyone guessing, but Bakkt's shares sure got a boost, rising ove

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Nov 20 2024BUSINESS

Meet Howard Lutnick: Trump's Commerce Secretary Pick

Ever wondered who's behind Trump's choice for commerce secretary? Meet Howard Lutnick, a influential businessman with a remarkable past. He's the head of Cantor Fitzgerald, a major investment bank, and he's linked to Trump through their times on "The Apprentice. " If picked, Lutnick would lead the C

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Nov 19 2024CRIME

'Rapper-Wife' Gets Jail Time for Helping Hubby Launder Stolen Bitcoin

It's not every day you hear about a rapper involved in a massive crypto heist. But that's exactly what happened to Heather Morgan, also known as Razzlekhan, who got sentenced to 18 months in prison. Her crime? Helping her husband, Ilya Lichtenstein, launder stolen bitcoin worth over $10 billion toda

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Nov 18 2024CRYPTO

China's Impact on Bitcoin: A Young Person's Guide

Bitcoin, created over a decade ago, has seen a surge in popularity. With this growth, it's caught the attention of various adversaries, and one of the most powerful is China. China has shown it can influence Bitcoin in a big way. Let's dive into how China might threaten Bitcoin's security, stability

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Nov 18 2024POLITICS

Crypto's Big Bet: Tens of Millions Spent on Elections

The cryptocurrency industry poured millions into the recent elections, hoping to shape U. S. policies in its favor. With a new administration and Congress, crypto leaders aim to influence decisions like the appointment of a crypto-friendly SEC chair and the passing of new regulations. Industry group

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Nov 15 2024CRYPTO

Elon Musk's Role Boosts Dogecoin Value: What's Behind the Meme Coin's Surge?

Ever heard of Dogecoin? It's a cryptocurrency that was once just a joke, but it's now making waves thanks to Elon Musk. Let's break it down. After the presidential election, Dogecoin's value shot up. It was worth about 16 cents on Election Day and later peaked at nearly 39 cents. This all happened

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