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Fake ‘Elon Musk’ Bitcoin Investment Platform Assures 4,000% ROI

Ever since the crypto boom of 2017, scammers have entered into the crypto space looking to swindle unsuspecting investors. During the crypto winter of 2018, these cases seemed to have reduced but as the markets improved, the scammers are marauding again. In the latest news, scammers are now using fake mainstream news articles to advertise nonexistent and potentially dangerous Bitcoin investment platform. Fake Celebrity Interviews Involved According to the dedicated site that the scammers are using to lure the potential clients, the so-called ‘Bitcoin Profit’ uses several celebrity endorsements as part of its marketing campaign strategy. That site, economicsworld[dot]info, also has testimony from the likes of Australian businessman Andrew Forrest or Twiggy and actress Kate Winslet. With a purported backing from Elon Musk, Richard Branson, and Bill Gates, Bitcoin Profit ranks among the most used scams in the cryptocurrency underworld. Every one of these celebrities has a feature with their photograph. Also, each profile comes with a balance sheet of supposed Bitcoin investments and associated returns. Notably, the balance sheet seems identical for each star with just the currency symbol changing. In just a week, these perpetrators claim that the purchase of $10,394 worth of BTC gained a return of $421,226 translating to a 4,110% gain. Clearly Untrue After Winslet was informed about that scam by the United Kingdom-based daily news outlet the Mirror, she hit back. She complained about the use of her image without any permission together with other false statements. The publication quoted a spokesperson saying: “This misleading promotion is completely disingenuous and categorically false. We are dealing with this through the appropriate channels.” Bitcoin Profit could be responsible for the ongoing scam operations that plague the crypto accounts on Twitter. Many fake entities are impersonating famous individuals from the industries. They keep trying to fool novices into participating in various fake giveaways. Scammers are currently taking advantage of the lack of technical understanding around cryptocurrency. On their part, the regulators are often warning about the emergence of new schemes. Like what you're reading? Subscribe to our top stories The post Fake ‘Elon Musk’ Bitcoin Investment Platform Assures 4,000% ROI appeared first on FXTimes.com - Daily Cryptocurrency and FX News.

Elon Musk Unfazed by Daimler's EV Push, but Should He Be?Elon Musk Unfazed by Daimler's EV Push, but Should He Be? – CCN.com

Another super-heavyweight car manufacturer is entering the EV ring, as Daimler announces plans to focus on battery-powered engines rather than gasoline. Tesla CEO Elon Musk congratulated the company on their decision, despite the fact an armada of electric Mercedes is undoubtedly on its way to saturate an increasingly crowded marketplace. Electric is the future! Congratulations […] The post Elon Musk Unfazed by Daimler's EV Push, but Should He Be? appeared first on CCN.com Tesla CEO Elon Musk praised Daimler on Twitter for announcing plans to shift all development efforts to EVs as Mercedes goes fully electric.

Tesla Channels Elon Musk in Not-so-Humble Model S BragTesla Channels Elon Musk in Not-so-Humble Model S Brag – CCN.com

Elon Musk gushed that a prototype for the Tesla "Plaid Model S" broke the speed record for a four-door sedan at the Laguna Seca racetrack in California. Musk excitedly shared the news on Twitter. He noted that the Plaid Model S would be more expensive than other Tesla models but less than its competitors. The […] The post Tesla Channels Elon Musk in Not-so-Humble Model S Brag appeared first on CCN.com Tesla channeled CEO Elon Musk in its not-so-humble brag about the Model S that set a speed record at California's Laguna Seca racetrack.

Is Tesla’s Ultimate Porsche Showdown Spooking Elon Musk?Is Tesla’s Ultimate Porsche Showdown Spooking Elon Musk? – CCN.com

Elon Musk probably bit off more than he could chew when he challenged Porsche’s first electric vehicle – the Taycan Turbo – in a potential showdown at Nürburgring. Musk got all worked up after the Porsche Taycan Turbo set a lap record at the Ring and claimed the title of the fastest “four-door, all-electric sports […] The post Is Tesla’s Ultimate Porsche Showdown Spooking Elon Musk? appeared first on CCN.com Elon Musk seems to have realized that challenging the Porsche Taycan at the Nürburgring might not be good for Tesla's image.

Tesla (TSLA) Might Release Its New Electric Pickup Truck in November, Says Elon Musk

Coinspeaker Tesla (TSLA) Might Release Its New Electric Pickup Truck in November, Says Elon MuskTesla (TSLA) brand is known not just for its futuristic looks and finishing, but also for its very daring and outspoken CEO, Elon Musk. Musk had previously teased about the company’s first-ever pickup truck in and now, according to a recent tweet, Tesla should unveil the truck by November.Musk responded with “November most likely” to a tweet where he was asked about the truck’s release date.November most likely— Elon Musk (@elonmusk) September 7, 2019The pickup truck, which Musk has previously described as easily the coolest car he has ever seen, has a very peculiar design and outlook, reminiscent of any fan-favorite sci-fi movie. The new truck was expected sometime this summer, a speculation based on several statements Musk has made. However, his recent tweet has shifted expectations a bit.Musk has been quoted speaking quite fondly about the truck and apart from calling it the coolest car he has ever seen, he also described it as “awesome” and “futuristic”:“It’s gonna be like a really futuristic-like cyberpunk, ‘Blade Runner’ pickup truck. It’s gonna be awesome, it’s gonna be amazing. This will be heart-stopping. It stops my heart. It’s like, oh, it’s great.”As great and efficient as Tesla products are known to be, they are also quite expensive and very difficult for the average person to afford. However, Musk has suggested that the company is hoping the new truck wouldn’t be as pricy as can be expected. This is so it can compete favorably with other non-electric pickup trucks. According to him:“We don’t want it to be really expensive. I think it’s got to start at less than $50,000 – it’s got to be like $49,000 starting price max. Ideally less. It just can’t be unaffordable.”Musk has also said in the past, that he’s not very certain that many people will be interested in the truck. Regardless, that might not matter much since he isn’t really hoping to be blown away by sales and is not looking at the release of the truck, as a profit-making avenue for the company.Musk has even suggested he’d be willing to produce something a bit more conventional if the electric pickup doesn’t really move in the market. He then suggested that the aim would be to shift public focus to electric vehicles, as opposed to fuels.“I actually don’t know if a lot of people will buy this pickup truck or not, but I don’t care. I mean I do care, eventually, you know…We wanna get gasoline, diesel pickup trucks off the road.”Stiff Competition in Electric Pickup Truck MarketTesla is definitely not the only company with plans for an electric truck. Back in 2017, Ford announced its plan to sell an electric version of its F-150 pickup, largely considered the best selling vehicle in the United States.However, this release could take some time as release dates are put at 2021, much later than the Tesla. Ford also plans to release smaller an electric pickup truck in collaboration with Volkswagen. Finally, there’s the R1T from Rivian, which is expected to sell at 69,000 sometime next year.Tesla Inc. (TSLA) closed at $231.79, a 1.91% increase from its previous close of $227.45. Over the past month, however, TSLA has lost almost 4% and as the company’s next financial report inches closer, earnings are projected to sit at -$0.14 per share, solidifying a year on year loss of more than 100%.Tesla (TSLA) Might Release Its New Electric Pickup Truck in November, Says Elon Musk

Elon Musk Insists Tesla Solar Is ‘Guaranteed Instant Money Printer’

Elon Musk insists that Tesla solar panels and roofs are “unequivocally a guaranteed instant money printer” despite the recent fires they allegedly caused. Musk tweeted that Tesla Solar can save you $300 to $1,000 a year off your utility bills. For the remainder of September, Tesla is also waiving its $1,500 solar removal fee. Musk […] The post Elon Musk Insists Tesla Solar Is ‘Guaranteed Instant Money Printer’ appeared first on CCN Markets
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Bakkt Launches Futures Contracts, Bitcoin Price Falls

Bakkt, a subsidiary of New York Stock Exchange owner Intercontinental Exchange Inc (NYSE: ICE), launched its long-awaited physically backed Bitcoin futures Monday.  The first Bakkt/ICE futures contract changed hands at $10,115 and the number of contracts in the first hour stood at just five total, CoinDesk reported. It's widely belived in the ...Full story available on Benzinga.com

Late Bloomer: Why Bakkt’s Slow Start Is No Surprise

Bakkt has finally opened its platform for physically-delivered Bitcoin futures, but the response has been underwhelming. Nearly a year after the owners of the New York Stock Exchange announced their foray into cryptocurrency, markets responded to the new institutional trading venue with another 1.8% price drop. First announced last August, the long-delayed launch “was an important step toward bringing trusted infrastructure to digital assets,” wrote CEO Kelly Loeffler. The physically-settled futures platform is expected to provide a crucial infrastructure for institutional trading in cryptocurrencies. But some pundits have expressed disappointment at today’s volumes. Four hours before the market closes, only $550,000 worth of BTC futures have exchanged hands. One well-known cryptocurrency analyst described volumes as “not great,” while CoinDesk said trading on Bakkt was off to a “slow start.”   Source: Bakkt   At face value, these low volumes might suggest that institutional investors aren’t very interested in cryptocurrencies. Based on today’s activity, Bakkt volumes are unlikely to rival the futures product from CME Group, which traded $470M in its first week. But there’s an important distinction. CME’s futures are all cash-settled, meaning that all the trading is done in fiat currencies. The underlying asset may be Bitcoin, but at no point does either side have to actually hold it. From a legal perspective, that makes CME futures much simpler for institutional investors, making them no different from a similar future in wheat, maize or gold. In contrast, Bakkt’s futures are all physically delivered, meaning that the underlying assets have to be transferred on a specified date. Institutional investors have to take custody of actual bitcoins, with a lot more hoops to jump. In order to regularly trade in Bakkt bitcoin futures, institutional investors will have to consult specialized legal counsel, acquire new insurance policies, and possibly update their investors, as well as find a custodian to for the digital asset. “[S]ome of [Bakkt’s] largest prospective clients still don’t have permission to trade physically-delivered futures contracts,” wrote analysts at BeQuant Exchange in a note. “As such, [the] build it and they will come mantra may not necessarily result in an influx of new, hot money, at least not right away.” It’s hard to know what the big institutional investors were thinking when Bakkt opened up shop for the first time. But, given the fact that the platform is dealing with a volatile asset class, which has a nebulous regulatory status, it’s no surprise that many high rollers are playing wait-and-see. If there’s one lesson to be learned from Bakkt’s trading today, it’s that the cryptocurrency space still has a tendency towards overblown expectations.  Institutional investors were never going to dive headfirst into an unfamiliar asset. A cautious start to Bakkt’s futures today is a good sign, indicating that the majority of investors are still playing it safe.   The post Late Bloomer: Why Bakkt’s Slow Start Is No Surprise appeared first on Crypto Briefing.

Bakkt’s Bitcoin Futures Goes Live: Should You be Excited?

Over the past few years, the Bitcoin futures ecosystem has grown at a remarkable pace, and it is something that is surely going to stay for years to come. Initially, these futures contracts had been launched by a handful of exchanges, but over the past year or so, the number has increased considerably. Futures Trade In a development that will come as another massive boost to the Bitcoin and cryptocurrency ecosystem, the New York Stock Exchange’s owners, ICE, through its crypto exchange Bakkt has decided to launch futures contracts that will pay out traders in Bitcoins. ... ﾿ Read The Full Article On CryptoCurrencyNews.com Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges. All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.
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Tezos [XTZ] Jumps Over 4% Amids Binance Listing; CZ Hints Tezos Staking

Binance recently announced the listing of Tezos with pairs of Bitcoin(BTC), Tether(USDT) and Binance Coin(BNB).  Will Binance Enable Tezos Staking? As Per a recent tweet by Binance, it has listed Tezos and it can be paired with USDT, BTC, and BNB. Following the announcement, users can start depositing Tezos on their accounts, while the launch of trading is scheduled for the 24th of September. Source- Twitter CZ then further created hype by asking the community that did they not what was coming next. A user suggested that does the move imply Tezos staking. While CZ didn’t give a definite answer, he expressed his excitement with a “happy” emoji.  Source- Twitter The Tezos official website defines Tezos as,  “ Tezos is a self-amending blockchain that can evolve by upgrading itself, with stakeholders being able to vote on amendments to the protocol, including amendments to the voting procedure itself.” Binance. US Opens Doors for Cardano, Ethereum Classic and Stellar  Today, Binance.US opened deposits for Cardano (ADA), Basic Attention Token (BAT), Ethereum Classic (ETC), Stellar (XLM) and 0x (ZRX). Trading for these coins will begin on September 25, 2019, at 9:00 AM EST /6:00 AM PST. The announcement further mentions that the coins are temporarily only available for deposits and withdrawals will not be enabled until trading is live. Source- Twitter Also, Binance.US will commence trading on September 24, 2019 at 9:00am EST / 6:00am PST. The launch will see Binance.US list Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), Litecoin (LTC), Binance Coin (BNB) and Tether (USDT). These coins will be available for trading across 13 fiat-to-crypto and crypto-to-crypto trading pairs.  Source- Twitter Binance Announces 6th Phase of Lending Products In yet another update, Binance announced its 6th phase of lending products. The launch will take place on the 25th of September. In the sixth phase of Binance’s lending initiative, users will be able to lend Binance Coin(BNB), Bitcoin(BTC), EOS, Ethereum Classic(ETC), Ethereum(ETH), ChainLink(LINK), Tether(USDT) and Ripple(XRP) to earn interests payable from Sep. 25 to Oct. 09.  Traders are in for huge benefit as Binance. US enables trading. Will Binance continue to keep the crypto community happy with its developments? Let us know, what you think? The post Tezos [XTZ] Jumps Over 4% Amids Binance Listing; CZ Hints Tezos Staking appeared first on Coingape.

Nicholas Merten: Now Is the Time for Ravencoin, BAT and Chainlink

YouTube star Nicholas Merten is a fan of crypto, but like everyone else, he’s noticed the gradual downplay of bitcoin as of late. Once again, bitcoin has dropped below the $10,000 mark and is trading for just over $9,800. While this isn’t a major fall, the currency seems to have wavered between this mark and $10,200 over the past month. Merten: Altcoins Are Making a Comeback Merten isn’t concerned by this. In fact, he’s looking to use the situation to his advantage, and advises others to do the same. As the host of YouTube’s “Data Dash,” arguably one of the most popular cryptocurrency channels on the streaming and video site, Merten claims that there are three specific cryptocurrencies that are likely to shoot up now that bitcoin is wavering if people are looking to invest. Those cryptocurrencies are Basic Attention Token (BAT), Raven Coin (RVN), and Chain Link (LINK). In a recent interview, he states that these three tokens are likely to grow heavily over the next 12 months, explaining:  At the current moment, looking at [bitcoin] market dominance, it does look like we’re starting to enter into a trend shift where altcoins can start to gain as we retest back towards bitcoin’s high of $20,000. The last two [altcoin cycles] that we had were at the end of the overall bitcoin cycle where bitcoin reached $20,000. The first one happened at the beginning of 2017 when bitcoin retested its high at $1,100. For the most part, altcoins have had a relatively rough year in 2019. Bitcoin on the other hand, has experienced steady growth since April, doubling its price since then from $5,000 to about $10,000. While many have focused on bitcoin as of late, Merten says he’s starting to see funds travel into smaller, competing coins. He says:  As bitcoin does increase over time, as we tend to see a general growth in bitcoin’s price, we tend to see more risk taking in different types of digital assets. As more liquidity has entered bitcoin, you have the ability now, through exchanges, for that liquidity to exit into other alternative investments. Sometimes, that can be rampant speculation, and in other cases, it can be driven through fundamentals. I believe this time around, in this cycle, we’re going to see more going toward fundamental developed projects that actually have real demand.  Why These Three and Not Others? Chain Link is big in that it’s joined software company Oracle to help blockchains connect with outside networks. Raven Coin is significant because it allows developers to establish their own tokens, while BAT is moving forward in that it is attached to the Brave browser, which seeks to block advertisements and trackers from following one’s searches and online activity. Merten is confident BAT will be very important in the field of privacy. The post Nicholas Merten: Now Is the Time for Ravencoin, BAT and Chainlink appeared first on Live Bitcoin News.
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