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Tom Lee Says Crypto Not Keeping Up With Improving Fundamentals, Sees Precious Metals ‘Sucking the Oxygen’ out of the Room

Fundstrat Global Advisors managing partner Tom Lee says cryptocurrency prices are failing to reflect improving industry fundamentals as strong moves in gold and silver divert investor attention and capital. Speaking on CNBC’s Power Lunch, Lee says the crypto sector continues to feel the effects of a major deleveraging event that occurred on October 10, which he says “crippled many of the key players in the industry,” including exchanges and market makers. That sell-off wa...

Fraudster Extracts $500,000 Life Savings of Man Looking To Retire in Pig Butchering Scheme – ‘They Keep You So Engaged’: Report

An elderly man from Santa Rosa, California looking to retire has reportedly lost his life savings after falling victim to a pig-butchering scam. According to a recent report from The Star, a 70-year-old man who wishes to remain anonymous lost his life savings of $500,000 after becoming the victim of a months-long pig-butchering scam. Pig-butchering schemes are when bad actors “fatten up” a victim by pretending to have an intimate relationship with them as a me...

Vietnam Begins To Restrict Overseas Crypto Trading

The post Vietnam Begins To Restrict Overseas Crypto Trading appeared on BitcoinEthereumNews.com. Vietnam is preparing to restrict access to overseas cryptocurrency platforms as regulators push forward with a plan to launch the country’s first licensed digital asset exchanges, according to a government document reviewed by Reuters. The Ministry of Finance is drafting rules that would prohibit Vietnamese citizens from trading on foreign exchanges such as Binance, OKX, and By...

Robust Funding Streams Highlight Enduring Investment Potential in Crypto Startups

The post Robust Funding Streams Highlight Enduring Investment Potential in Crypto Startups appeared on BitcoinEthereumNews.com. In the past week, the crypto startup landscape experienced a significant influx of funds, attracting $220 million in investments. This marks the third consecutive week where investments surpassed the $200 million mark, underscoring a sustained interest in the crypto startup realm beyond transient trends, according to recent data from Messari. Cont...