🥸 An 86-year-old American man will pay nearly $14 million for organizing a cryptocurrency pyramid scheme.
David Cagle from California set up a cryptocurrency Ponzi scheme. Along with two accomplices, from December 2017 to June 2022, they lured victims into the scheme. The scammers promised high, risk-free returns by using a trading bot. They assured users of a net profit of 20–100% within 30 days of investment.
⚠️ Cagle was ordered to pay $14 million and sentenced to a five-year probationary term. He is currently residing in a nursing home.
🥸 An 86-year-old American man will pay nearly $14 million for organizing a cryptocurrency pyramid scheme.
David Cagle from California set up a cryptocurrency Ponzi scheme. Along with two accomplices, from December 2017 to June 2022, they lured victims into the scheme. The scammers promised high, risk-free returns by using a trading bot. They assured users of a net profit of 20–100% within 30 days of investment.
⚠️ Cagle was ordered to pay $14 million and sentenced to a five-year probationary term. He is currently residing in a nursing home.
💸 Bitcoin continues to lead in investment attractiveness in 2024, even after a "seasonally weak" third quarter, according to NYDIG.
Since the beginning of the year, the leading cryptocurrency has grown by 49.2%, outpacing traditional assets.
"While Bitcoin's correlation with stocks has increased, recent figures are still low. This means that digital gold offers significant diversification benefits for multi-asset portfolios," the company's analysts noted.
NYDIG expects significant activity after November 5, especially if Trump wins the election.
🗓 Uptober is still on
CryptoQuant analysts reminded that over the past 6.5 months, the maximum average Bitcoin drop was 10% (excluding August, when the price fell by 22%).
🔽The current drop is 7%.
"Just because Uptober started off poorly doesn’t mean it will end the same way."
Additionally, growth traditionally begins in the second half of the month—starting from the 19th.
✔️ Buterin proposed lowering the minimum staking deposit to 16 or 24 ETH
This is beneficial for staking accessibility and scalability.
Later, the minimum deposit could be reduced to as low as 1 ETH.