Stay updated with breaking news from Antonio hallak. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Hating Bitclout All the Way to the Bank Everyone’s favorite social token lightning rod, Bitclout, keeps attracting money. The social media meets cryptocurrency project’s operational wallet has received more than 4,188 BTC as of this writing. Much of that money is believed to have been used to purchase the service’s utility token, Bitclout. And money keeps pouring in despite that, currently, it s very difficult to take it out. Last week, VC fund Kevyn Allen (o Gene Simmons ( WMA) as advisors. The fund raised about $5 million in the round in a little more than 24 hours. Bitclout is a social network, similar to Twitter, that also allows users to invest in any other user through their own social token. ....
Stefan Qin was just 19 when he claimed to have the secret to cryptocurrency trading. Buoyed with youthful confidence, Qin, a self-proclaimed math prodigy from Australia, dropped out of college in 2016 to start a hedge fund in New York he called Virgil Capital. He told potential clients he had developed an algorithm called Tenjin to monitor cryptocurrency exchanges around the world to seize on price fluctuations. A little more than a year after it started, he bragged the fund had returned 500%, a claim that produced a flurry of new money from investors. He became so flush with cash, Qin signed a lease in September 2019 for a $23,000-a-month apartment in 50 West, a 64-story luxury condo building in the financial district with expansive views of lower Manhattan as well as a pool, sauna, steam room, hot tub and golf simulator. ....
A crypto kid had a $23,000-a-month condo. Then the Feds came Premium (REUTERS) Stefan Qin was just 19 when he claimed to have the secret to cryptocurrency trading. Share Via Stefan Qin was just 19 when he claimed to have the secret to cryptocurrency trading. Buoyed with youthful confidence, Qin, a self-proclaimed math prodigy from Australia, dropped out of college in 2016 to start a hedge fund in New York he called Virgil Capital. He told potential clients he had developed an algorithm called Tenjin to monitor cryptocurrency exchanges around the world to seize on price fluctuations. A little more than a year after it started, he bragged the fund had returned 500%, a claim that produced a flurry of new money from investors. ....
Stefan Qin was just 19 when he claimed to have the secret to cryptocurrency trading. Now he is facing a lengthy stint in prison after pleading guilty to securities fraud. ....