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Bitcoin scammers extracted $24 million in 2020 alone: report – Fox News

The scammers use a variety of techniques, and will only get more advanced.

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Scammers and thieves supposedly made off with around $24 million in Bitcoin in the first six months of 2020, according to reports.
Twitter bot Whale Alert, which tracks large transactions of cryptocurrency such as Bitcoin, worked with Scam Alert to produce a “crime reporting, tracking and analysis” report. Bitcoins, as a digital cryptocurrency, verifies every transaction, meaning that any use and exchange of a bitcoin can be tracked.
The initial analysis showed that some $38 million in bitcoin was stolen over the past four years (excluding Ponzi schemes), with $24 million in the first six months of 2020, according to a Medium post.
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Whale Alert noted that some of the “most successful scams” made over $130,000 in a single day with “nothing more than a one-page website, a bitcoin address and a decent amount of YouTube advertising.”
The tracking service highlighted a few of the more successful operations, including “the Giveaway,” which features a celebrity, such as Elon Musk, which can net around $300,000.
“The change in method and the increase in quality and scale suggests that entire professional teams are now behind some of the most successful ones and it is just a matter of time before they start using deepfakes, a technique that will surely revolutionize the scam market,” Whale Alert claimed.
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Deepfake is a technique by which a person’s face or likeness is superimposed over another person in an image or video.
“There are dozens of different types of scams such as giveaways, sextortions, fake exchanges, fake ICO’s, bitcoin recovery, video scams, Ponzi schemes, fake tumblers, malware and the list goes on, but there is one thing all of these scams have in common: for the criminals, there is almost no risk involved while victims’ lives are being destroyed,” Whale Alert wrote in its post.
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Whale Alert projects upwards of $50 million in revenue for scammers by the end of the year.

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Be Like Buffett: “Bet on America” With These 3 Stocks to Buy Now – The Motley Fool

The one thing the billionaire investor’s always bullish on is America.

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Warren Buffett believes in America — that it will recover from a recession and from the COVID-19 pandemic. At a virtual shareholders’ meeting in May, the legendary head of Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B) told investors that “nothing can basically stop America” and that “the American magic has always prevailed and it will do so again.”
And Berkshire’s portfolio is full of top U.S. stocks — banks, consumer goods, healthcare companies and more — that will rise and fall along with th…

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12,000 workers still stranded on cruise ships in American waters because of coronavirus – MSN Money

It’s a bizarro Cast Away.

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Its a bizarro Cast Away.
© APU GOMES
A man wearing a face mask as a preventive measure against the spread of the COVID-19 Coronavirus, looks at Cruise Ships docked at the port due to a no-sail order in Long Beach, California on April 11, 2020. (Photo by Apu GOMES / AFP) (Photo by APU GOMES/AFP via Getty Images)
At least 12,000 crew members are still stranded on cruise ships in U.S. waters because of the coronavirus pandemic, USA Today reported.
More than 40,000 people were stranded worldwid…

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Saudi Aramco’s profit plunges, sees signs of oil market recovery – Fox Business

All major oil companies have taken a hit in the second quarter as lockdowns to contain the coronavirus limited travel.

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DUBAI – State oil giant Saudi Aramco’s profit plunged 73% in the second quarter of the year, as a slump in energy demand and prices due to the coronavirus crisis hit sales at the world’s biggest oil exporter.
But the company stuck with plans to pay $75 billion in dividends this year and CEO Amin Nasser said global oil demand was recovering.
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All major oil companies have taken a hit in the second quarter as lockdowns to contain the coronavirus…

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