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Daily Archives: November 5, 2023

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  3. November
  4. 05

The People Who Lost Serious Cash on NFTs

CryptocurrencyBy Chris TateNovember 5, 20231 Comment

If you had to pinpoint the moment the NFT bubble was at its most grotesquely swollen, then it’s surely when Paris Hilton went on The Tonight Show Starring Jimmy Fallon in Jan. 2022. It was a fever dream of an interview, in which Fallon and Hilton had a stilted and bewildering chat about their recent investment in Bored Ape Yacht Club NFT…

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Cryptocurrency Is a Giant Ponzi Scheme

CryptocurrencyBy Chris TateNovember 5, 20233 Comments

Cryptocurrency is a scam. All of it, full stop — not just the latest pump-and-dump “shitcoin” schemes, in which fraudsters hype a little-known cryptocurrency before dumping it in unison, or “rug pulls,” in which a new cryptocurrency’s developers abandon the project and run off with investor funds. All cryptocurrency and the industry as a whole are built…

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