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Category: Cryptocurrency

Crypto hacks stole record $3.8 billion in 2022, led by North Korea groups – report – Reuters

Posted on February 2, 2023February 2, 2023 By Cryptocurrency No Comments on Crypto hacks stole record $3.8 billion in 2022, led by North Korea groups – report – Reuters
Crypto hacks stole record $3.8 billion in 2022, led by North Korea groups – report – Reuters

SEOUL, Feb 1 (Reuters) – Last year was the worst on record for cryptocurrency heists, with hackers stealing as much as $3.8 billion, led by attackers linked to North Korea who netted more than ever before, a U.S.-based blockchain analytics firm said in a report on Wednesday.

<p data-testid="paragraph-1" class="text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__full_width__ekUdw body__large_body__FV5_X artic…….

Cryptocurrency

Charlie Munger says the U.S. should follow in China’s footsteps and ban cryptocurrencies – CNBC

Posted on February 2, 2023February 2, 2023 By Cryptocurrency No Comments on Charlie Munger says the U.S. should follow in China’s footsteps and ban cryptocurrencies – CNBC
Charlie Munger says the U.S. should follow in China’s footsteps and ban cryptocurrencies – CNBC

Charlie Munger at the Berkshire Hathaway press conference, April 30, 2022.

CNBC

Berkshire Hathaway Vice Chairman Charlie Munger urged the U.S. government to ban cryptocurrencies, as China has done, arguing that a lack of regulation enabled wretched excess and a gambling mentality.

“A cryptocurrency is not a currency, not a commodity, and not a security,” the 99-year-old Munger said in an op-ed published in The Wall Street Journal Thursday.

“Instead, it’s a gambling contract with a nearly 100% edge for the house, entered into in a country where gambling contracts are traditionally regulated only by states th…….

Cryptocurrency

Crypto hacks stole record $3.8 billion in 2022, led by North Korea groups – report – Reuters

Posted on February 2, 2023February 2, 2023 By Cryptocurrency No Comments on Crypto hacks stole record $3.8 billion in 2022, led by North Korea groups – report – Reuters
Crypto hacks stole record $3.8 billion in 2022, led by North Korea groups – report – Reuters

SEOUL, Feb 1 (Reuters) – Last year was the worst on record for cryptocurrency heists, with hackers stealing as much as $3.8 billion, led by attackers linked to North Korea who netted more than ever before, a U.S.-based blockchain analytics firm said in a report on Wednesday.

<p data-testid="paragraph-1" class="text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__full_width__ekUdw body__large_body__FV5_X artic…….

Cryptocurrency

Charlie Munger says the U.S. should follow in China’s footsteps and ban cryptocurrencies – CNBC

Posted on February 2, 2023February 2, 2023 By Cryptocurrency No Comments on Charlie Munger says the U.S. should follow in China’s footsteps and ban cryptocurrencies – CNBC
Charlie Munger says the U.S. should follow in China’s footsteps and ban cryptocurrencies – CNBC

Charlie Munger at the Berkshire Hathaway press conference, April 30, 2022.

CNBC

Berkshire Hathaway Vice Chairman Charlie Munger urged the U.S. government to ban cryptocurrencies, as China has done, arguing that a lack of regulation enabled wretched excess and a gambling mentality.

“A cryptocurrency is not a currency, not a commodity, and not a security,” the 99-year-old Munger said in an op-ed published in The Wall Street Journal Thursday.

“Instead, it’s a gambling contract with a nearly 100% edge for the house, entered into in a country where gambling contracts are traditionally regulated only by states th…….

Cryptocurrency

Billionaire Charlie Munger says crypto is a ‘gambling contract’ that US should ban – New York Post

Posted on February 2, 2023February 2, 2023 By Cryptocurrency No Comments on Billionaire Charlie Munger says crypto is a ‘gambling contract’ that US should ban – New York Post
Billionaire Charlie Munger says crypto is a ‘gambling contract’ that US should ban – New York Post

Cryptocurrencies amount to a “wretched excess” that should be banned in the US, Berkshire Hathaway’s billionaire vice chairman Charlie Munger argued in a scathing column this week.

Munger — the 99-year-old, right-hand man of legendary investor Warren Buffett — has been an outspoken critic of bitcoin and other unregulated digital tokens, which he once likened to a “venereal disease” he was glad to have avoided.

In a column for The Wall Street Journal, Munger doubled down on his view that cryptocurrencies are a predatory scam targeting ordinary investors.

“A cryptocurrency is no…….

Cryptocurrency

Charlie Munger says the U.S. should follow in China’s footsteps and ban cryptocurrencies – CNBC

Posted on February 2, 2023February 2, 2023 By Cryptocurrency No Comments on Charlie Munger says the U.S. should follow in China’s footsteps and ban cryptocurrencies – CNBC
Charlie Munger says the U.S. should follow in China’s footsteps and ban cryptocurrencies – CNBC

Charlie Munger at the Berkshire Hathaway press conference, April 30, 2022.

CNBC

Berkshire Hathaway Vice Chairman Charlie Munger urged the U.S. government to ban cryptocurrencies, as China has done, arguing that a lack of regulation enabled wretched excess and a gambling mentality.

“A cryptocurrency is not a currency, not a commodity, and not a security,” the 99-year-old Munger said in an op-ed published in The Wall Street Journal Thursday.

“Instead, it’s a gambling contract with a nearly 100% edge for the house, entered into in a country where gambling contracts are traditionally regulated only by states th…….

Cryptocurrency

Warren Buffett’s right-hand man Charlie Munger, who once called crypto ‘rat poison,’ says we should follow China’s lead and ban cryptocurrencies altogether – Fortune

Posted on February 2, 2023February 2, 2023 By Cryptocurrency No Comments on Warren Buffett’s right-hand man Charlie Munger, who once called crypto ‘rat poison,’ says we should follow China’s lead and ban cryptocurrencies altogether – Fortune
Warren Buffett’s right-hand man Charlie Munger, who once called crypto ‘rat poison,’ says we should follow China’s lead and ban cryptocurrencies altogether – Fortune

Charlie Munger is no fan of crypto. As vice chairman of the nearly $700 billion mega-conglomerate Berkshire Hathaway, Munger has helped Warren Buffett make billions for investors since 1978 using a strict fundamentals-based approach to acquiring “high quality businesses.”

And he believes cryptocurrencies represent the opposite strategy, arguing that the entire industry is “partly fraud and partly delusion.” In 2021, Munger famously called the world’s leading digital asset, Bitcoin, “rat poison,” and likened other cryptocurrencies to a type of “venereal disease.” Now, he says the federal government should s…….

Cryptocurrency

Charlie Munger says the U.S. should follow in China’s footsteps and ban cryptocurrencies – CNBC

Posted on February 2, 2023February 2, 2023 By Cryptocurrency No Comments on Charlie Munger says the U.S. should follow in China’s footsteps and ban cryptocurrencies – CNBC
Charlie Munger says the U.S. should follow in China’s footsteps and ban cryptocurrencies – CNBC

Charlie Munger at the Berkshire Hathaway press conference, April 30, 2022.

CNBC

Berkshire Hathaway Vice Chairman Charlie Munger urged the U.S. government to ban cryptocurrencies, as China has done, arguing that a lack of regulation enabled wretched excess and a gambling mentality.

“A cryptocurrency is not a currency, not a commodity, and not a security,” the 99-year-old Munger said in an op-ed published in The Wall Street Journal Thursday.

“Instead, it’s a gambling contract with a nearly 100% edge for the house, entered into in a country where gambling contracts are traditionally regulated only by states th…….

Cryptocurrency

Warren Buffett’s right-hand man Charlie Munger, who once called crypto ‘rat poison,’ says we should follow China’s lead and ban cryptocurrencies altogether – Fortune

Posted on February 2, 2023February 2, 2023 By Cryptocurrency No Comments on Warren Buffett’s right-hand man Charlie Munger, who once called crypto ‘rat poison,’ says we should follow China’s lead and ban cryptocurrencies altogether – Fortune
Warren Buffett’s right-hand man Charlie Munger, who once called crypto ‘rat poison,’ says we should follow China’s lead and ban cryptocurrencies altogether – Fortune

Charlie Munger is no fan of crypto. As vice chairman of the nearly $700 billion mega-conglomerate Berkshire Hathaway, Munger has helped Warren Buffett make billions for investors since 1978 using a strict fundamentals-based approach to acquiring “high quality businesses.”

And he believes cryptocurrencies represent the opposite strategy, arguing that the entire industry is “partly fraud and partly delusion.” In 2021, Munger famously called the world’s leading digital asset, Bitcoin, “rat poison,” and likened other cryptocurrencies to a type of “venereal disease.” Now, he says the federal government should s…….

Cryptocurrency

Charlie Munger says the U.S. should follow in China’s footsteps and ban cryptocurrencies – CNBC

Posted on February 2, 2023February 2, 2023 By Cryptocurrency No Comments on Charlie Munger says the U.S. should follow in China’s footsteps and ban cryptocurrencies – CNBC
Charlie Munger says the U.S. should follow in China’s footsteps and ban cryptocurrencies – CNBC

Charlie Munger at the Berkshire Hathaway press conference, April 30, 2022.

CNBC

Berkshire Hathaway Vice Chairman Charlie Munger urged the U.S. government to ban cryptocurrencies, as China has done, arguing that a lack of regulation enabled wretched excess and a gambling mentality.

“A cryptocurrency is not a currency, not a commodity, and not a security,” the 99-year-old Munger said in an op-ed published in The Wall Street Journal Thursday.

“Instead, it’s a gambling contract with a nearly 100% edge for the house, entered into in a country where gambling contracts are traditionally regulated only by states th…….

Cryptocurrency

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