Episode Transcript
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Speaker 1 (00:03):
Welcome to today's edition of the three invest podcast. Here
will to Seerce for the latest in the crypto world.
In today's headlines, Americans lose nearly six billion dollars to
cryptocurrency scams in twenty twenty three, Kathy Wood's top crypto
pic poised to soar, and Ukraine's energy infrastructure strained amid
(00:23):
the Russia conflict.
Speaker 2 (00:26):
Welcome to the three invest News podcast.
Speaker 1 (00:28):
Where we bring you the essential daily rundown in the
world of cryptocurrency. Starting off, the Federal Bureau of Investigation
has reported that Americans have been scammed out of nearly
six billion dollars through various cryptocurrency.
Speaker 2 (00:42):
Schemes in twenty twenty twenty three.
Speaker 1 (00:46):
The agency has advised investors to exercise caution and learn
to identify the warning signs of these scams to protect
their assets. The report emphasizes that the most common scams
involve fake investment opportunities and impersonation tactics. Moving on, investor
Cathy Wood's latest recommendation is a cryptocurrency that she believes
(01:07):
is set to source. Although she is known for her
bullish stance on innovation, her latest crypto pick is catching
widespread attention. She emphasizes the importance of blockchain technology in
transforming various industries and predicts significant growth potential for this asset.
This has created a buzz among investors eager to capitalize
(01:30):
on her insights.
Speaker 2 (01:33):
In international news.
Speaker 1 (01:35):
Ukraine's cryptocurrency mining activities are putting a strain on its
energy infrastructure amid the ongoing conflict with Russia. The increased
energy demand from mining operations is adding pressure to an
already fragile system, raising concerns about the sustainability of the
country's energy resources in such a tumultuous period. Switching to
(02:00):
emerging trends, several cryptocurrencies are gaining attention as the next
potential breakout asset. Names like Solar, Jupiter, Dogwapot, and out
Layer are being highlighted as ones to watch. As new
tokens continue to enter the market, investors are keen to
identify opportunities early to maximize their potential returns. For those
(02:24):
in the cryptocurrency mining best practices.
Speaker 2 (02:27):
Are continually evolving.
Speaker 1 (02:30):
Efficient energy use, proper hardware maintenance, and staying updated on
regulatory changes are paramounts. These practices not only ensure profitability,
but also contribute to the sustainability and security of the
mining ecosystem. As for market prices, Bitcoin and ethereum remain
(02:51):
relatively stable with minimal fluctuation. However, out coins such as dogecoin, Salana,
and light coin have shown more volatility. Tracting these movements
is crucial for investors looking to make informed decisions. In
legal news, two men have been arrested and indicted on
(03:12):
charges related to the theft and laundering of two hundred
thirty million dollars in cryptocurrency. The indictment details a complex
scheme involving multiple transactions across various platforms. Authorities emphasize the
need for greater regulatory oversight to prevent such large scale frauds.
(03:33):
In an interesting highlight, Louisiana has accepted its first cryptocurrency
payment for state services. This marks a significant milestone in
the adoption of cryptocurrency for mainstream transactions and showcases the
growing acceptance of digital assets in public administration. On a
(03:54):
lighter note, a recent video has surfaced showing former President
Donald Trump handing out cryptos inside a New York City
cryptocurrency bar. The event has stired plenty of discussions online,
reflecting the intersection of pop culture and cryptocurrency that wraps
up today's news. Keep your eyes on our website linked
(04:17):
in the podcast description for more insights and tools to
find the ideal investment.
Speaker 2 (04:22):
Platform for you.
Speaker 1 (04:25):
Each news topic covered here is also linked in the description.