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NYPost Finance Writer Urges Trump to Find Bitcoin Manipulation Source, Calls BTC a “Fake Digital Currency”

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A New York Post specializing within the field of Finance, John Crudele, has supposedly written a letter urging authorities in the US, European Union (EU) and China to investigate the source of Bitcoin price manipulation report News BTC. This obviously comes after BTC’s recent surge in prices, which many deem the aftermath of the end of a bear market.

Crudele holds a negative viewpoint towards BTC, calling it a “fake digital currency” and the

“definition of a con”.

He trusts BTC’s value is merely a product of confidence and nothing more – emphasizing that its real worth is $0 – something that he has been expressing at BTC’s all-time high and lows.

As for who the letter was directed towards, at least in the US, it seems like the columnist went for Donald Trump because he trusts the President is a regular reader of the column. More specifically, he said:

“Since I happen to know Donald Trump and I also happen to know that the president reads my column regularly, that’s what I’m suggesting now […] No need to even make a phone call.”

Crudele has been frowned upon by the crypto community, as his viewpoints towards BTC was never really backed up with evidence. The Block’s researcher, Mike Dudas supposedly fired back at the columnist’s “Bitcoin will soon be worth zero,” calling it a “very lazy BTC trolling.” The Co-Founder of Morgan Creek Capital also noted that Crudele’s worth will one day become zero.

Despite all the hate that Crudele has garnered, it seems like the columnist doesn’t care. In fact, it has been reported that he keeps track of who responds negatively to his posts. Furthermore, he refers to Warren Buffett, who seems to also share his distaste for cryptocurrencies. Crudele also notes that his intent is not to post hate but to warn investors against a risky investment.

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NYSE files a trademark application for trading NFTs

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The world’s largest stock exchange may be planning to bring business into the Metaverse.

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Traders say $4,000 Ethereum back on the cards ‘if’ this bullish chart pattern plays out

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Global tensions that could trigger a correction in markets abound, but traders say ETH’s current setup could result in a swift return to the $4,000 level.

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CryptoPunks community reacts to the ongoing copyright battle between V1 and V2

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Although the collection is no longer deemed authentic by Larva Labs, its creators alleged sold 210 ETH worth of CryptoPunks V1 when the wrapped versions first gained traction.

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Binance.US is under investigation from SEC over trading affiliates: Report

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Binance CEO Changpeng Zhao allegedly has connections to two market makers buying and selling crypto on Binance.US.

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Boost Insurance unveils product covering against crypto theft from qualified custodians

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Boost Insurance, an insurance infrastructure-as-a-service platform, alongside go-to-market partner, Breach Insurance, a company that provides insurance technology and regulated insurance products for the cryptocurrency market, today announced the launch of Crypto Shield, an insurance product for cryptocurrency available to retail wallet holders.

Crypto Shield covers the theft of cryptocurrency while in the custody of a qualified custodian.

The Crypto Shield product allows individuals to purchase protection for their crypto wallets held by select custodians. In the case that the custodian is breached or suffers a social engineering attack resulting in lost assets, individuals insured under Crypto Shield can be reimbursed for the value of their policy.

Boost + Breach

While there is some commercial insurance available to cryptocurrency institutions, Breach envisioned Crypto Shield as a solution to the protection gap that currently exists for individuals holding crypto, securing a partnership with Boost to assist in bringing the Crypto Shield product to life.

Boost’s insurance infrastructure-as-a-service packages the necessary operational, technological, compliance, and capital requirements for new insurance programs into a white-label solution, enabling insurtechs like Breach to swiftly launch new lines of business.

“Boost’s deep expertise and insurance infrastructure-as-a-service platform, and Relm’s industry-leading crypto reinsurance capabilities, have positioned Breach to bring a highly complex insurance product to the market in a beautifully delivered customer experience.”
– Eyhab Aejaz, Co-Founder & CEO at Breach

To deliver that product in a seamless experience, Boost and Breach’s platforms connect via API, allowing Boost’s policy administration system to deliver back-end management for the Crypto Shield product. Breach’s customers are then able to purchase and manage every part of their policy and claims process, all from within Breach’s proprietary crypto insurance platform.

“With Boost’s infrastructure-as-a-service platform, companies like Breach can launch and deliver innovative new insurance offerings, at a fraction of the time and cost required to build a full-stack insurance program from scratch.”
– Alex Maffeo, CEO & Founder of Boost

In addition to powering the new product, Boost and Breach partnered to source and secure the necessary reinsurance backing from industry expert Relm Insurance Ltd. (Relm), underwritten by Trisura Specialty Insurance Company. Operating out of Bermuda, Relm is a capacity provider to the crypto sector with a track record of insuring companies across the ecosystem. Relm has recently been awarded an ‘A Exceptional’ Financial Stability Rating (FSR) by Demotech.

“Relm’s partnership with Boost and Breach to reinsure the US’s first cryptocurrency insurance product for retail wallet holders is a milestone in supporting the development of crypto and blockchain technologies.”
– Joe Ziolkowski, CEO at Relm

The post Boost Insurance unveils product covering against crypto theft from qualified custodians appeared first on CryptoNinjas.

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