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News & Articles By JD Heyes
08/08/2022
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By JD Heyes
Bank failures coming: Raft of federally insured banks compromised by unwise over-investment in failing cryptocurrencies and exchanges
It’s bad enough that millions of cryptocurrency investors have lost nearly all of their initial money after the industry began crashing earlier this year, but now it looks as though federal taxpayers are also going to be on the hook. According to a report by Wall Street On Parade, Sen. Elizabeth Warren (D-Mass.) tipped everyone off […]
08/07/2022
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By JD Heyes
Celebrities being called out for endorsing phony cryptocurrency schemes as the bottom falls out of the industry
The old adage, “If it sounds too good to be true, it probably is,” holds just as true today as it always has, and that is particularly accurate when it comes to cryptocurrency. Move to Trash Once touted as ‘the future of money and wealth,’ one cryptocurrency after another, including various crypto-related schemes, are collapsing, […]
08/02/2022
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By JD Heyes
SEC ignores Paul Pelosi but charges 11 in alleged $300 million crypto Ponzi scheme
While House Speaker Nancy Pelosi’s husband Paul Pelosi makes one trade after another based ‘conveniently’ on legislation his wife happens to be guiding through Congress at the time, Joe Biden’s Security and Exchange Commission is looking the other way. Instead — and, admittedly, just as appropriately — the SEC is taking a dim view of […]
07/29/2022
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By JD Heyes
Another cryptocurrency firm tanks, files for bankruptcy protection and takes life savings of thousands of people with them
Cryptocurrency firms continue to tank amid uncertainty about the future and as more and more of them are exposed as being shams. Last week, crypto lender Celsius Network, which was already suffering from a massive cash shortage, filed for Chapter 11 bankruptcy protection in the Southern District of New York — an action that came after […]
07/19/2022
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By JD Heyes
Collapse continues as massive crypto hedge fund goes bankrupt, ruining investors
The scam that is cryptocurrency continues to play out, wiping away vast fortunes and leaving millions of investors wiped out and holding the bag. The latest crypto-casualty is Three Arrows Capital. As recently as March, the company managed around $10 billion in assets, which positioned the firm as among the most prominent crypto hedge funds […]
06/30/2022
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By JD Heyes
Cryptocurrency collapse continues: Prominent crypto hedge fund defaults on $670 million loan
Cryptocurrencies are continuing their staged collapse along with the rest of the U.S. economy under our hapless dementia patient of a president, Joe Biden. As reported by CNBC, major crypto hedge fund Three Arrows Capital has defaulted on a loan worth more than $670 million in the latest disaster for the new-age currency, even as Bitcoin […]
05/23/2022
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By JD Heyes
MiamiCoin crypto tanks big time after Miami mayor backs it to the hilt
While the stock market continues to tank under the regime of Joe Biden, other more modern forms of currency aren’t doing very well, either, proving once again that the global power elite really do ‘control’ things. In early February, the city of Miami, for the first time, cashed out its own cryptocurrency, MiamiCoin, adding roughly […]
05/12/2022
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By JD Heyes
Bitcoin investors continue to take a bath as leading cryptocurrency tanks
Once upon a time, it appeared the global financial future was bitcoin, but that assumption has proven to be dead wrong. In fact, according to a new analysis, 40 percent of bitcoin investors are now underwater with their initial layout, which is made even worse by the fact that — thanks to the lousiest president […]
02/21/2022
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By JD Heyes
FBI set to launch new “crypto crimes unit” as more people turn to virtual currency to escape govt. control of personal finances
Because the FBI no longer serves the American people and has, over the years, been transformed into an agency that creates more crimes through entrapment than it solves, the bureau is set to launch a new “crypto crimes” unit to “investigate” criminal activity involving virtual currency. According to Coin Desk, the “National Cryptocurrency Enforcement Team […]
01/23/2022
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By JD Heyes
More cryptocurrency fraud? Bitcoin slides as shares of MicroStrategy slip and SEC rejects company’s accounting methods
Several cryptocurrency analysts once again suspected fraud in the industry after shares of MicroStrategy fell nearly 18 percent on Friday following a decision by the U.S. Securities and Exchange Commission to reject the firm’s bitcoin accounting methods. The business intelligence software firm’s stock was already declining in value along with the price of bitcoin, which […]
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