Crypto market plummets
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Bitcoin falls as leveraged traders face billions in liquidations following U.S. tariff announcement on Chinese technology imports.
19hon MSN
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At a five-star resort tucked in the mountains of Jackson Hole, Wyoming, the cryptocurrency industry was celebrating a historic start to the year on Capitol Hill. Its priorities were sailing through Congress with unusual speed and one senator did not hesitate to say why.
The day after crypto experienced its biggest one-day selloff, everyone in the industry was trying to figure out who was left holding the bag.
A Ukrainian crypto trader has been found dead in Kyiv in the wake of a market crash, with officials now treating the incident as a possible suicide, according to local police. Konstantin Galich (better known as Kostya Kudo) was found inside a Lamborghini Urus in the Obolonskyi district of Kyiv Oct. 11 with a gunshot wound to the head.
Traders are bracing for further declines as the bitcoin price crash suddenly accelerates amid uncertainty over U.S. president Donald Trump’s fresh China
Ramsey also pointed to rising crypto-related scams, including romance and investment fraud, as proof of the industry’s risks. “The amount of scams within it, and the amount of things that people have lost — so much money people have lost in it,” Ramsey said.
Criminals are targeting crypto investors. Wrench attacks have risen by 54% this year. Analysts warn it will get worse.
Donald Trump has spearheaded a global push by governments to establish a strategic crypto reserve using assets seized from criminals, betting that the rising value of tokens like Bitcoin could aid overall economic growth.
In the past year, an AI made millions in cryptocurrency. It's written the gospel of its own pseudo-religion and counts tech billionaires among its devotees. Now it wants legal rights.
A Ukrainian crypto trader has been found dead in Kyiv in the wake of a market crash, with officials now treating the incident as a possible suicide, according to local police.
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