Image source: screenshots of relevant reports from ABC’s media

According to reports, the incident occurred shortly after the girl Avery Sanford turned 18. The video at Sanford’s home showed a man driving to where Sanford and her mother lived. A small trailer was pulled behind the car. He slowly raised the trailer body and dumped a pile of coins on it. On the road next to the lawn.

Sanford said her mother did not expect to receive a pile of coins for child support, and when her father showed up with the trailer, the mother did not immediately recognize him. “She didn’t know who it was until he shouted,’This is the last child support payment!'”

When Sanford came home from school, he found that the coins were still on the way. Sanford said that she and her mother were shocked and injured by the incident, but they quickly decided to donate $800 to a local shelter for domestic violence victims. With the help of her friends, she collected all the coins, then packed the coins with her mother and donated every penny to the “safe harbor”. Sanford said: “Donating this money to moms and children in need, I think it really makes this situation positive.”

According to the “Safe Harbor” shelter, Sandford and his mother’s actions moved many people, and more and more people began to donate to the shelter, with a total of more than 5,000 US dollars.

The “ex-husband” who dumped the coins later also accepted a telephone interview with the local media. He said that his actions were the result of frustration accumulated over the past 18 years, and “his emotions controlled him. He also said that the last thing he wanted to do was to further alienate him from his daughter.

Sanford said that she hadn’t spoken to her father for several years, and his father’s recent actions only proved that she was right to delete him.

She said: “When you do something like this, it’s really hurtful for your child.” “No matter how old your child is… the behavior of your parents will always have some impact on you.”

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The tweet that the Tesla CEO released Sunday was part of an exchange with twitter users that omitted to refer to a CoinTelegraph article accusing him of “bitcoin manipulation.” Musk said that the company kept $1.5 billion of its initial investment in bitcoin, but sold about 10% to “confirm it’s easy to pay off.” [bằng bitcoin] without distorting the market”. Elon Musk has become a prominent and influential figure in the crypto world. He tweeted in May that Tesla would no longer accept bitcoin as a means of payment for its vehicles, citing the large amount of carbon emissions in bitcoin mining. esla will continue to allow transactions in bitcoin at the car manufacturer’s stores, once it is confirmed that the “mining” energy source is clean energy. Photo: Getty. This action is believed to be the cause of the sell-off of the world’s No. 1 cryptocurrency. Musk’s comments on the sustainability of bitcoin “mining” continue to resonate in the crypto community. A commonly cited metric from the University of Cambridge pegged the annual electricity consumption of bitcoin mining at around 99 terawatt-hours. This consumption is more than that of the Philippines or Pakistan. Some of Musk’s recent tweets have also sparked a mix of excitement, confusion, apprehension, and sometimes even fear in the crypto community. Earlier this month, investors attempted to analyze a mysterious tweet from SpaceX that included a bitcoin symbol and a broken heart emoji. The information that Elon Musk transmits has had a great influence on the price of dogecoin and bitcoin. Musk is also partly blamed for the current drop in bitcoin and the broader cryptocurrency complex. The Wall Street Journal has described him as the biggest influence on bitcoin. By the end of June 13, the bitcoin price was up nearly 8%, changing hands at $38,808.09 on CoinDesk. As of now, Bitcoin is up over 28% for the year but is down about 40% from its mid-April peak at $64,829.14. The world’s No. 2 cryptocurrency, Ethereum, gained nearly 5%, changing hands at $2,521.81. Back in February, Tesla revealed that it had acquired about $1.5 billion in bitcoin in a filing with the Securities and Exchange Commission. At the time, Tesla paid about $38,000/bitcoin for each bitcoin. This is the average price at the time of Tesla’s Q4 conference on January 27. This conference did not mention any bitcoin holdings and the date of filing with the SEC. Overall, the prices of digital assets like bitcoin are outperforming traditional markets.

Hughes’ family has a tradition of breeding for generations. Now, he uses the farm to mine cryptocurrencies with a set of “buffalo plows” that use renewable energy from cow dung. Mining coins with renewable energy With six cylinder engines at 500 rpm, Hughes’ anaerobic digestion system can turn the methane that produces cow dung into electricity. BBC said. Under hypoxic conditions, microorganisms will eat hydrogen and carbon dioxide in cow dung and release methane gas, which can be burned to generate heat. The residue left after the anaerobic stage will be used as fertilizer. Philip Hughes’ farm (left) uses cow dung to produce renewable energy, feed livestock, and mine Ethereum. Photo: Crypto Hunter. According to Hughes, about two-thirds of the electricity generated from the anaerobic digester powers the nearby cattle ranch and caravan park. The rest of the energy is used for “buffalo plow” platforms to mine Ethereum. Hughes said Ethereum mining returns are good, but “depends on the date the question is asked,” referring to the cryptocurrency’s unpredictable price movements. Since May, the value of Ethereum has dropped from more than $4,000 to around $2,500, according to data from . CoinDesk on the evening of 10/6. Is mining with green energy possible? Not only digging Ethereum at the farm, Hughes also came up with the idea of ​​​​renting a “buffalo plow”. Josh Riddett, a representative of Easy Crypto Hunter miner provider, said that the cost to pay is about $ 25,400 for each “buffalo plow” set consisting of many computer graphics cards with strong configuration. According to Riddett, Easy Crypto Hunter’s mining rigs have been installed in 42 different locations. They use energy forms such as solar, wind, hydroelectricity and stored methane from anaerobic digesters. The longevity of the “buffalo plow” platforms causes concern about e-waste. Photo: Getty Images. However, representatives of some small hydropower projects are concerned that cryptocurrency mining may have an adverse impact on the environment. Meanwhile, the hydroelectric power plant operator said that the unstable value of cryptocurrencies makes it difficult to recover capital for the project. Some people said that crooks broke in and stole the mining rig. Besides hydroelectric power, the initiative to use renewable energy (green energy) to mine cryptocurrencies is also controversial. According to the BBC , renewable energy to mine coins can be used for other purposes such as powering electric cars or heating. Financial economist Alex de Vries said that using green energy to mine coins is wasteful. “The benefits these systems offer are very limited. Bitcoin can only process up to 7 transactions per second, while payment services like Visa can process 65,000 transactions per second if needed.” Vries is also concerned that the longevity of the “buffalo plots” could make them quickly become e-waste. Using renewable energy to mine coins is considered wasteful. Photo: BTCManager. In the UK, the Association of Bioresources and Anaerobic Digestion of the country said that the number of energy plants mining cryptocurrencies is quite small. While the future of cryptocurrency is unclear, several people have expressed interest in Hughes’ mining project. This farmer is fully aware of the risks of investing in assets whose value fluctuates, sometimes with just a single tweet from Elon Musk. If the cryptocurrency market crashes, Hughes said he will use the computing power of the “buffalo” to serve other purposes, such as hiring filmmakers to render. The owner of the net shop removed the machine, digs coins and waits for the translation to end Due to the impact of the Covid-19 epidemic, Mr. Nguyen Minh Quan (Thu Duc City) had to close the net shop, remove the graphics card to dig coins, earn extra income waiting for the reopening date.

According to the CryptoNews From mid-March until now, Elon Musk has directly mentioned Bitcoin 9 times on his personal page. Two of them, he made the market red, Bitcoin depreciated by 10%. Elon Musk has a big impact on the Bitcoin market? The last time Elon Musk posted an article about Bitcoin was an image of an angry couple, with the words “BTC” and a broken heart symbol. Many people think this is a signal that Elon Musk no longer believes in the most valuable cryptocurrency. Soon after, he posted a meme photo of a trader who had difficulty trading because of the price correction. Is Elon Musk Talking Too Much About Bitcoin? Photo: Nikkei. According to the CryptoNews Bitcoin price dropped 2% just an hour after Musk posted the above article. In the following 24 hours, the Bitcoin price dropped 6%. That’s not the biggest drop Musk has made with the crypto market. On May 12, when Elon Musk announced that Tesla stopped accepting Bitcoin, in just an hour, the price of Bitcoin dropped 10%. This number remains for the next 24 hours. Not every article by Elon Musk has had such a large market impact. Out of Elon Musk’s last 9 Bitcoin-related posts, as of March 12, the majority have generated less than 1% volatility in the Bitcoin price. Even many articles have a positive influence, like when Elon Musk posted the Bitcoin symbol and diamond hand, alluding to the term Diamond hands, which are people who hold coins for a long time to wait for the price to rise. Following the aforementioned post, Bitcoin price increased by 3.6%. Over the next 24 hours, the increase is 10%, but it is difficult to confirm that it is entirely due to Musk’s post. Musk’s latest post is understood by many in the sense that he wants to “break up” with Bitcoin. Screenshots. CryptoNews commented that except for the news that Tesla stopped accepting Bitcoin payments and broke his heart, Elon Musk’s articles did not have too much impact on the cryptocurrency market in general and Bitcoin in particular. The fluctuations after his post were mainly due to previous market movements, hard to say because of Musk. Reasons for the volatility of the crypto market can include traders’ excessive use of leverage, China’s crypto ban, signals of crypto restrictions in the US, or concerns about cryptocurrency markets. environment. Elon Musk is getting hate for talking too much It cannot be said that Elon Musk can single-handedly influence the cryptocurrency market. However, the fact that he shares too much about this field still has the opposite effect on the reputation of the CEO of TEsla. Recently, every time Musk writes a Bitcoin-related article, he often receives negative feedback. According to data from the company Awario, which measures the emotions of social network users, the rate of positive responses to Elon Musk’s tweets fell to the lowest level in May. Negative feedback peaked on May 12, when he announced Tesla would stop accepting Bitcoin electric vehicle payments. Talking too much about cryptocurrencies, especially negative articles about Bitcoin, is damaging Elon Musk’s reputation. Photo: Twitter. In January, the number of tweets for and against Elon Musk was about equal. However, by May, the number of tweets against the Tesla CEO was 25% higher. This is the highest negative rate since Awario started measuring it in October 2020. According to this company, the number of tweets with neutral views still accounts for the highest proportion, up to 66%. “Clearly he is teasing the community,” said Bobby Ong, co-founder of crypto data analytics firm CoinGecko. “When Musk speaks out about crypto, the market will wait for a reaction,” Nick Spanos, co-founder of the ZAP Protocol crypto project told Reuters. While data from Musk’s most recent statements shows that the market reaction is less dependent on his words, Musk could still have a negative impact on his reputation. More than just damage to the crypto market, this could directly affect his other companies like Tesla. “Elon is slowly entering an area where it’s best not to say much, because Bitcoin is the currency of the future. I think that’s the danger zone for Elon, because when he makes his dips. price makes a lot of people lose money, they will stop supporting him and then Tesla,” Ross Gerber, CEO of investment firm Gerber Kawasaki and Tesla investor shared with Yahoo Finance .

Bitcoin suddenly surged in the past 24 hours. According to Coinmarketcap, the amount of Bitcoin traded in the last 24 hours is about 35.9 billion USD, the market capitalization recorded at 697.4 billion USD. Many large-cap cryptocurrencies skyrocketed with Bitcoin. Specifically, Ethereum is up 3.6% to $2,608, Binance Coin is up 6.8%, Cardano is up 3%, Ripple is up 2.6%, Uniswap is up 7.3%, Bitcoin Cash is up 6.1%, Litecoin is up 2.6% 6.8%, Chainlink up 5.6%… The strong momentum of Bitcoin and leading cryptocurrencies caused the total capitalization to increase by 6.5% to more than $1,630 billion. According to many professional traders, the driving force behind the growth of Bitcoin comes from the fact that El Salvador – the first country to consider Bitcoin digital currency as legal. Channel France24 quoted El Salvador President Nayib Bukele’s statement on Twitter, saying that the Bitcoin Law has just been approved with a majority vote. The bill proposed by Mr Bukele to parliament last weekend was approved by 62 out of 84 MPs. “It’s a historical mark,” Nayib Bukele shared on Twitter. Before the vote, Mr. Bukele affirmed that the adoption of digital currency will bring finance, investment, tourism, innovation and comprehensive economic development to this Central American country. According to him, Bitcoin is the fastest way to transfer billions of dollars of remittances to El Salvador without losing millions of dollars to intermediaries. Remittances from El Salvadorans working abroad make up a major part of the country’s economy, equivalent to about 22% of gross domestic product. According to official reports, in 2020, the amount of remittances to this country will reach 5.9 billion USD. “This is the law that will make El Salvador a place of international interest. We will be more attractive to foreign investment.” Romeo Auerbach, Vice President of the National Union of Solidarity Party in El Salvador, said. Bitcoin is a highly volatile virtual currency. After reaching an all-time high at 64,800 USD on April 14, this virtual currency has plummeted without brakes. The reason comes from Elon Musk’s announcement that Tesla will stop accepting Bitcoin because of controversial carbon emissions issues and China’s tightening ban on cryptocurrency trading and banning Bitcoin mining rigs. Many countries have also recently introduced new regulations to control activities related to cryptocurrencies.

As the creator of Bitcoin when he released the first white paper on this currency in 2008, Nakamoto suddenly disappeared in 2011. After 10 years, the true identity of the “father” of Bitcoin is still unknown. Sketch of Nakamoto’s statue to be placed in Hungary. Photo: Réka Gergely. According to the Coin Telegraph , a statue of Satoshi Nakamoto will be erected in Budapest (Hungary) with the size of an adult. The face on the statue is mysterious, showing his unclear identity. The statue of Nakamoto in Budapest is made of bronze, the face is plated with a reflective layer so that viewers can see their own faces, emphasizing the saying “we are all Nakamoto” that Bitcoin investors often use. The Nakamoto casting project was started by András Györfi, a cryptocurrency advocate, with funding from four organizations including Mr. Coin, Crypto Academy, Hungarian Blockchain Association and Blockchain Budapest. Share with Hungary Today , Györfi highlighted the benefits of Bitcoin and blockchain technology for different sectors of the world. “This is an efficient, fair and transparent database that eliminates suspicion between people, bringing positivity to the world in many areas, from food supply to hospital distribution. support,” said Györfi The Nakamoto statue is expected to be located at the Graphisoft park in the 3rd district of Budapest. This park is also home to a statue of the late Apple CEO Steve Jobs. The statue was erected by Graphisoft, a software company in Hungary that Jobs invested in in the mid-1980s. Nakamoto’s statue will be placed near the cast of Steve Jobs. Photo: Wikimedia. This is not the first time that statues related to cryptocurrency have appeared. In 2018, the city of Kraj (Slovenia) placed a Bitcoin statue at a roundabout near the city court, consisting of a 7 m wide steel ring, containing the Bitcoin symbol in the center. Cryptocurrency is a hot topic in Hungary. On May 11, the government of this country announced to cut the cryptocurrency transaction tax from 30.5% to 15% in 2022, part of the country’s economic recovery plan after the pandemic. Expensive price for Bitcoin mining Since the advent of cryptocurrencies, the amount of electricity required for mining has increased significantly. This leads experts to believe that cryptocurrency mining is not environmentally friendly.

“Many large mining owners have contacted me to move their rigs to North America, Europe, Kazakhstan,” Edward Evenson, business development manager at mining firm Slush Pool, said on Twitter. Where does the owner of the Chinese coin farm move? According to Mr. Evenson, the large ASIC mining pools in Xinjiang are being moved to other regions in Central Asia. However, many new batches of miners from companies such as Bitmain, MicroBT are moving directly to North America. Bitcoin farm owners in China will have to find new locations to operate, after the country’s government announced a ban on mining. Photo: Bloomberg. This expert said that the coin farmers who contacted him to move out of China own a miner with a total power consumption of up to 400 MW. This is equivalent to the entire electricity consumption of all Bitcoin mining pools in Quebec, Canada. Meanwhile, Dovey Wan, founder of consulting firm Primitive Ventures, said that in addition to Pakistan and Kazakhstan, countries that are near and have policies to attract Chinese businesses, many companies can choose to move machines. dug into Africa because electricity here is very cheap. Michael Saylor, CEO of MicroStrategy, believes that major mining companies in China will gradually move to the US. “I think in the near future most of the mining capacity will be going to the US and some other parts of the world,” Saylor, a frequent crypto advocate, said in an interview with Cointelegraph. CNN . Many Chinese regions such as Inner Mongolia, Xinjiang, and Sichuan are home to large Bitcoin mining factories. Photo: Bloomberg. Before China strongly banned Bitcoin mining, mining in the country accounted for 65% of the global Bitcoin mining capacity. Immediately after the ban, BTC.TOP, which accounts for 2.5% of Bitcoin capacity, announced the cessation of operations in the Chinese territory. According to the Coin Telegraph In the past few years, the region of Quebec, Canada has also become an attractive area for coin ranchers because of cheap electricity and many hydroelectric plants. This is considered a green energy source, with less emissions than thermal power plants. “There are currently about 90 companies in this industry operating in Quebec,” said Jonathan Côté, representative of Hydro-Québec hydroelectric power company. Mr. Evenson assessed that the diversification of the location of coin farmers has taken place in the past, but China’s ban on mining will accelerate this process. China bans mining but still dominates the world coin market One of the most controversial topics of the past few years has been the dominance of mining pools in China over the rest of the world. Many cryptocurrency advocates fear this outperformance will make Bitcoin’s decentralization worthless. China’s ban on Bitcoin mining may create hope that mining capacity will be less concentrated in large Chinese companies. However, experts say that no matter where they move to operate, the mining camps still belong to the Chinese. “Whether registered and operated in another region such as the US, Kazakhstan or Africa, the truth is that the mining pools still belong to Chinese companies. This transition only makes centralized networks difficult. more monitoring,” said Mrs. Dovey Wan. Yusan Zheng, founder and director of fund management company Waterdrip Capital also believes that China’s ban on mining will make it difficult for small companies, and large companies to benefit. “To find new locations for mining camps, companies will have to spend a lot of money. Only large, experienced companies can go through this stage,” said Mr. Yusan Zheng during the meeting. chat of CoinDesk . According to many experts, even if China bans mining, the world’s largest coin farms still belong to the Chinese. Photo: Bloomberg. Centralization has always been a threat to Bitcoin in particular, and all cryptocurrencies operating on the blockchain in general. If all the newly created Bitcoins were in the control of a few large companies, the neutrality and accuracy of the blockchain would be at stake. Inner Mongolia, one of the regions with the most mining camps in China, has recently proposed multiple penalties for miners. According to the proposed bill, telecommunications, Internet, software parks, or even internet companies that mine or provide resources for mining could have their electricity cut off, withdrawn or even confiscated. license revocation. The bill also stipulates that violators will be blacklisted for their social credit scores, meaning they won’t be able to borrow money from banks or use public transportation. Previously, the Inner Mongolia government also announced a hotline for people to call and report cases of illegal mining. Coin Telegraph The ban on Bitcoin mining will bring many benefits to China. The country has both met its climate target and can boost circulation of the digital yuan as cryptocurrencies are banned from trading. Meanwhile, Chinese businesses operating coin farms abroad will still have to pay taxes.

Even recently, a “virtual currency” called Phuong Hang token has also appeared on social networks. This is a cryptocurrency that is created and works based on an existing token. (Screenshots) (Photo: Facebook NN) Specifically, Phuong Hang token is developed based on the Binance Chain platform. This virtual currency is codenamed MPH (short for Mrs Phuong Hang). The development team said that the creator of the virtual currency Phuong Hang has canceled the token owner rights and left it to the community to manage. The total issuance of Phuong Hang token is 26,011,971,000,000 (26 trillion tokens). The number of tokens created according to the birth date of giant Nguyen Phuong Hang is January 26, 1971. (Photo: Facebook NN) 60% of these tokens will be liquidated on the Pancake virtual currency exchange and locked for 1 year, 30% burned and 10% used for marketing and airdrop costs. Currently, investors can buy Phuong Hang virtual currency for 1 MPH to exchange 0.00000000279451 USDT (Each USDT is equivalent to 1 USD). (Screenshots) Similar to Dogecoin, Shiba coin or Akita coin, … Phuong Hang virtual currency or Phuong Hang token is actually a type of meme coin (virtual money born for entertainment purposes). This currency is very easy to manipulate by celebrities. Their value can also turn around at any time. Therefore, investors need to be very careful when speculating or hoarding this virtual asset.

According to the Businesstoday , immediately after appearing on several exchanges, the price of this cryptocurrency increased by 1,000% in just 24 hours. From around 0.17 USD per coin, the price of DubaiCoin increased to 1.13 USD on May 27. The developer claims that DubaiCoin will soon be used in a series of product and service transactions both offline and online, replacing traditional fiat currencies. Currently, the value of DubaiCoin has reached 0 USD after the Dubai government announced that this digital currency has not been approved by any authority. DubaiCoin rapidly increased in price after its launch. Photo: Businesstoday. Not too long ago, an emerging coin that also caught the eye was Polygon from India. The famous “shark” billionaire on the show Shark Tank, Mark Cuban, has publicly supported and invested in this cryptocurrency. Currently, Polygon’s market capitalization is over 10 billion USD and is among the 20 largest cryptocurrencies in the world. On May 28, the cryptocurrency market showed signs of recovery. Bitcoin was trading at above $38,000/BTC at around 9am. This coin has still not been able to surpass the $ 40,000 mark in the context of China’s strict policies on mining and trading in coins. Since mid-April until now, the Bitcoin price has dropped by about 30% due to China’s policy and Elon Musk’s open tweets. The owner of the net shop unplugs the machine, digs coins and waits for the translation to end Due to the impact of the Covid-19 epidemic, Mr. Nguyen Minh Quan (Thu Duc City) had to close the net shop, remove the graphics card to dig coins, earn extra income waiting for the reopening of the shop. Businesstoday

Before this fluctuation, many users wait for the price of VGA to decrease, to buy a graphics card to install in their computer at a cheaper price. However, this is unlikely to happen. “Even when the coin price has plummeted, people who install buffalo plows are still profitable for many reasons. VGA is still sold out in the market, so there is no reason to reduce the price too deeply,” Nguyen Bao, manager at a major computer store in Ho Chi Minh City shared with Zing . Coin price falls, “plowers” are still profitable “Plowing” coins is actually the process of using machines to perform calculations to validate transactions on the blockchain network. This concept holds true for Bitcoin, Ethereum, and coins that use Proof of Work (PoW) consensus. Currently, the “buffalo” installations with computer graphics cards mainly plow Ethereum. Although the price of Ethereum has plummeted, the market for buying and selling “buffaloes” is still very active. Photo: Chi Kien. When a transaction is validated and a block is completed, the fastest finisher will be rewarded with a pre-specified amount of cryptocurrency. From the performance of the computer and the difficulty of the network, the plow system owner can estimate how many coins he will collect per day. Since the number of people participating in Ethereum mining fluctuates constantly, the difficulty of mining also changes. If mining during a period of low prices, but many people quit mining, the difficulty decreases, the “farmers” plow coins still earn more Ethereum per day. As a result, they are still profitable. “Participants in plowing coins are only interested in profit. Although the price has decreased, but every day they dig more, they are still profitable. Therefore, looking at the price of Ethereum falling and saying that VGA is going to be cheap is not baseless,” said Mr. Bao. Compared to the beginning of January, the price of Ethereum has increased by about 3 times. As a result, market participants “plowing” the coin were profitable. When using applications on the Ethereum blockchain, users pay a small fee called a gas fee. This fee is also charged in Ethereum. In addition to the reward for completing a block, the farmer who plows the coin is also entitled to a portion of the gas fee. According to Etherscan, the price of gas has increased over the past few days due to many participants trading on the Ethereum network. Screenshots. During the volatility of the market, the number of investors pouring money into trading also increased. According to statistics from Etherscan, gas fees increased sharply on May 19, which is also the day the entire cryptocurrency market plummeted. In other words, once participating in the mining network, mining rig owners have many opportunities to earn money. The profit from the rig is not entirely dependent on the price of the cryptocurrency. Don’t wait for VGA prices to drop in the near future VGA price in the market still depends on supply – demand factors. The demand of miners has increased sharply, while ordinary users still need to buy cards to play games and work, making the balance of “demand” always heavy. Meanwhile, the source with VGA is not guaranteed. The global chip crisis lasted for the past year, making it difficult for manufacturers to ensure output. Domestic distributors, even if they wanted to, could not import large quantities. “Every month we can only import a few hundred VGAs. This quantity is much lower compared to other components. It is very difficult to meet the needs of dealers,” said The Vuong, a product manager at a distributor based in Hanoi. Many “buffalo plow” owners have broken even, so there is no need to sell off the rig when the price drops. They profit from the reduced difficulty, even willing to shut down if necessary to wait for the price to rise. Photo: King Kai. According to information from some dealers, the price of VGA in Vietnam market is still cheaper than surrounding countries such as Thailand and China. Therefore, the amount of VGA imported has been less and sometimes has to be shared with other markets. On groups that share the experience of installing buffalo plowing machines, the market for mining rigs is still very active, the number of daily new buy and sell posts is still very much. Occasionally there are questions and answers about the situation when the price of Ethereum goes down, but many rig owners are still very optimistic. “Actually, many people buy the system and then give it to someone else to manage, and collect money every month. It’s very easy to do. Those who joined early have now broken even, just less profit. Those who have participated for a long time understand the market too well, they can’t easily sell their ‘fishing rods’,” said Mr. Bao. In June, a number of component manufacturers will launch a VGA line with poorer performance of “ploughing coins”, called lite hash rate. Due to inefficiency when plowing coins, this VGA line may be less attractive to plowmen and suitable for gamers. However, not excluding the possibility of price fluctuations, Ethereum’s difficulty makes mining rig owners also “empty” low performance when needed.

This coin is developed based on the Binance Smart Chain platform and is tradable similar to Bitcoin or Dogecoin. Currently, STOPELON is priced at about 0.0000537493 USD/VND. However, buying and selling this coin is quite complicated. The issuer only allows users to trade on the PancakeSwapv2 exchange. The symbol of the coin STOPELON. Photo: ManOfMany. Even so, the developers have some policies to make STOPELON attractive to investors such as 6% refund of transaction fees. The destruction rate of this coin is 40% of the total 1 trillion coins to fight inflation. STOPELON shows the anger of investors with billionaire Tesla when this coin once had a strong growth of more than 4,000% in just 1 day. In addition to STOPELON, the market also has available cryptocurrencies created to oppose Elon Musk such as FuckMusk, FElon… According to the InputMag , Elon Musk has made a lot of profit after the crypto craze. However, investors believe that the market volatility created by Musk will soon come to an end.

DOGE-1 will send a 40 kg Geometric Energy Corporation satellite to the Moon. This satellite will collect information about the planet Earth. Representatives of the two companies have not announced the contract value paid in Dogecoin. The DOGE-1 program will send a satellite to the Moon on a Falcon 9 rocket. Fees are paid in Dogecoin. Photo: SpaceX. SpaceX vice president Tom Ochinero said the DOGE-1 program “will demonstrate the application of extraterrestrial cryptocurrencies and lay the groundwork for transplanetary commerce.” Earlier, Elon Musk said that SpaceX will “actually put a Dogecoin on the Moon”. However, he made his statement on April 1, so no one is sure if he was joking or telling the truth. SpaceX is not the first company run by Elon Musk to accept cryptocurrency payments. In February, Tesla announced it was buying $1.5 billion in Bitcoin and accepting payments for cars in the currency. The move caused Bitcoin price to surge. In the crypto world, the term “to the moon” is often used to refer to a coin’s value skyrocketing. According to Coinmarketcap, on the morning of May 10 (Vietnam time) Dogecoin is priced at about 0.55 USD, with a market capitalization of 72 billion USD, ranking 4th after Bitcoin, Ethereum and Binance coin. Before that, Dogecoin had 2 strong volatile weekends. On May 8, the news that Elon Musk hosted Saturday Night Live caused the price of Dogecoin to increase sharply. According to Coinmarketcap data, the value of each Dogecoin coin has increased from $0.34 on May 1 to $0.69 as of the morning of May 8. Many fans of Musk and Dogecoin even plan to invite friends over to watch and celebrate if the coin’s price skyrockets. On the morning of May 8, Elon Musk posted on his personal Twitter a picture of him and two other guests of Saturday Night Live. Musk also inserted a picture of the dog Shiba, the symbol of Dogecoin, into the frame. Soon after, the Dogecoin price increased rapidly and reached an all-time high of $0.72 before cooling off. The price of Dogecoin dropped dramatically on the morning of May 9, before Elon Musk hosted Saturday Night Live. Photo: Coindesk. However, before the time of Elon Musk’s broadcast, the price of Dogecoin dropped dramatically. According to the data of Coinmarketcap , from nearly 0.7 USD, Dogecoin dropped to more than 0.5 USD after more than 30 minutes of the program. The market capitalization of this coin dropped from $90 billion to just $68 billion after 1 hour, more than $150 million of leveraged investors was blown away. As expected by many, Elon Musk mentioned Dogecoin in the middle of the show. “Recently, the prices of many cryptocurrencies have increased, such as Bitcoin, Ethereum, and especially Dogecoin,” replied Elon Musk when asked “what is cryptocurrency”.

Besides Dogecoin, the posts also list a variety of cryptocurrencies with animal names, inspired by dog ​​breeds such as Akita, Shiba, Poodle… On many cryptocurrency discussion groups, administrators have voiced doubts about these articles, and commented that it is lame to rank FXT Token on a par with Dogecoin or Shiba. Posts promoting cryptocurrencies by many famous people in Vietnam. Posting about cryptocurrencies but don’t understand what “moon” is The fact that a series of artists have posted articles promoting the purchase of cryptocurrencies has many unusual signs. First, all articles have the same content, no difference in punctuation. They all only last a few hours before being deleted. In the comments section, many artists seem to lack the basics of cryptography. Actor Kieu Minh Tuan does not know the term “moon”, which is often used to refer to a sharp increase in money. Previously, singer Cao Thai Son was the first artist to publicly enter the cryptocurrency market with a portfolio that included Dogecoin. He often shares about his activities on his personal page. Post by Kieu Minh Tuan on personal Facebook. “Should you buy crypto right now? Advice: Buy as an asset with idle money, no leverage or interest,” the male singer wrote in a May 11 post. In the last week, when Dogecoin rose sharply, Cao Thai Son once posted to cheer for this coin, calling for everyone to invest. However, right after Dogecoin fell deeply, this singer posted a photo with the words “back to being a singer, no more analyzing stocks, crypto”. After Cao Thai Son, Ngoc Trinh also attracted attention when she published a post criticizing a cryptocurrency exchange that did not authenticate users (KYC) and claimed that she had been scammed by the exchange. While, delay in KYC is normal in exchanges. After that, she continued to post showing off her wallet on the exchange owning many millions of dollars worth of cryptocurrency. However, Ngoc Trinh deleted these posts, posted the article “duplicating the original” of other KOLs and then deleted it again. “Not only Huobi, many exchanges allow withdrawal of small amounts without KYC. Only when a large amount of money needs to be withdrawn does the user have to do KYC. It is incorrect to deposit such a large amount of money into the exchange without first finding out, and posting a post saying that the exchange is a scam,” commented Nguyen Vinh, co-founder of a large cryptocurrency investment company in Vietnam. Artists install advertising messages for multi-level? In the list of cryptocurrencies posted by the artists, in addition to the animal coins, there is a different coin, placed in the middle of the list is FXT. Previously, FXT was used as a fiat currency used for Lio****’s project. This project acts as a forex trading platform combined with binary options. This form of binary trading has long been warned as multi-level gambling. Instead of having to play on their own, investors in Lio**** are guaranteed to pay interest daily. The total profit for the whole year of this project is up to 2.3 times the original capital. The project has been warned by many domestic experts as a scam. In early 2021, many people lost money when Lio**** stopped working, not allowing money to be withdrawn from the account. The FXT coin is said to be directly related to the Lio**** multi-level project. Photo: VTV. Reply anonymously to Zing , a technology expert, and an administrator of the largest group of digital currencies in Vietnam, thinks that putting FXT in the middle of the list in the article is how artists advertise the product. by Lio****. “I think that a celebrity like Ngoc Trinh showing off a million-dollar e-wallet may be an implicit advertising act for FXT, not Dogecoin or Shiba. Because the time shown in the photo is quite different from when it was posted. Not to mention, the fact that many Vietnamese artists and celebrities share the same post content is very suspicious, “said this expert. On the same day, May 11, many screenshots of posts by Vietnamese artists were widely shared by the FXT Token community. “To Ngoc Trinh, Kieu Minh Tuan, Kha Nhu… still participating, what are you waiting for?”, the content of the status line reposted the screenshot of the person claiming to be the leader Lio****. In this article, the artist group also put the hashtag #trust. Trust English means “trust”, but can also refer to Trust Wallet, a software wallet technology that stores cryptocurrency. Previously, in the group of users who were deceived by Lio****, there were many warnings not to send money to Trust wallet to avoid losing evidence. On cryptocurrency discussion groups, members also pointed out that FXT is a suspicious name, because this coin has been launched since the end of 2020, and the call for investment has many signs of multi-level resemblance. . “These artists may be creating the image of a new multi-level project, aiming to attract a lot of small investors to clean up a big catch,” said LN, which runs a group on crypto. Many risks when investing in “junk coin” In the world of cryptocurrencies, in addition to large-cap coins with a good technology platform behind them, there are many so-called “junk coins” (very low value, arbitrarily created coins, copy the source code of reputable systems and some are served to scam groups). They are built on the available blockchain technology, often have no applications or come up with very simple applications, very low value but very high supply. Many experts warn that low-value, animal-based cryptocurrencies that have grown several times in the past few days are also very risky investments. These coins have a common model of using a cute image of an animal, a very small price, buying and selling many times to grow quickly. “These currencies all start at very cheap prices, at a fraction of a few tens of millions of dollars. They are created, then sent 50% to a certain celebrity for image, and then sold on exchanges. They use money to buy and sell themselves on these exchanges to increase the price thousands of times, creating momentum to put on the big floor. Because the number is so small, when the coin increases to a certain level, it has grown thousands of times, creating trust for ignorant people. When it comes time to be dumped, only those people will suffer,” said Vuong Le Vinh Nhan, founder of the VNDC trading platform. The Dogecoin price rose rapidly and reached an all-time high of $0.72 before cooling off. Photo: Coinmarketcap. Before that, the most successful animal crypto story was Dogecoin. Created as a joke, Dogecoin has been growing strongly for nearly a year as Tesla CEO Elon Musk repeatedly mentioned the coin. Over the past week, the price of Dogecoin has also fluctuated by tens of percent every day. Mike Novogratz, founder and CEO of Galaxy Digital, believes that two sharks own 30% of all Dogecoin today. In addition, Dogecoin also does not have a supply limit like Bitcoin. “The rise of Dogecoin is a prime example of the theory that fools more at play,” said David Kimberley, analyst at investment app Freetrade.

However, in the comments section, the artists showed a lack of basic knowledge about cryptocurrencies. After receiving many reactions, on the morning of May 12, the posts on the website simultaneously “evaporated”. “This is an advertising campaign” Duong Nguyen Huy, owner of a cryptocurrency trading community in Vietnam, said that the series of artists posting about cryptocurrencies is an advertising campaign, because the shared content is the same. both the image and the spelling, no different from a semicolon. “Artist’s posts have started to have an impact. From official accounts (with green ticks), information is widely spread on the Internet, becoming a topic of discussion at offices and cafes. coffee after only a few hours”, Mr. Huy said that this campaign has attracted the attention of many people. Posts promoting cryptocurrencies by many famous people in Vietnam. Photo: Huynh Loc. Not only Dogecoin, Shiba Inu also increased in price thanks to Tesla CEO. On May 7, responding to a Twitter user’s comment, Musk said “looking for a Shiba dog”. Immediately after this statement, the Shiba Inu (SHIB) coin rose sharply. After just a few days, the price of Shiba Inu has increased by almost 40 times. With nearly 400,000 billion SHIB coins in circulation, the market capitalization at one point surpassed the 20 billion USD mark. Besides, according to Mr. Huy, the cryptocurrency market has many potential risks. For example, the cryptocurrency market has experienced a sharp decline in the period from 2018 to early 2020 regardless of whether it is Bitcoin or Ethereum. However, the artist’s posts on the evening of May 11 did not have any risk warnings. Because of the ambiguity, need the prestige of the celebrity In the list of cryptocurrencies posted by the artists, in addition to the animal names, there is a different coin, placed in the middle of the list is FXT Token. Unlike the other cryptocurrencies on the list advertised by the artists, FXT Token is an anonymous coin. “Anonymous is because it is not listed by big and reputable exchanges, but can only be purchased through small exchanges. The total transaction volume of this coin is only about 500,000 USD/day. That means anyone with about 200,000 USD will also can manipulate its price,” analyzed Dinh Tran, co-founder of a blockchain investment fund in Ho Chi Minh City. Meanwhile, other coins on the list of artists listed have daily transactions from a few hundred million to several billion dollars a day. “Putting FXT Token into the list of worth investing in is very ignorant. It is this ambiguity that makes FXT Token need to rely on celebrity advertising,” said Mr. Dinh. The artist’s post is then captured, shared immediately in multi-level groups, calling for investment. Talk to Zing , the founder of the largest Crypto information platform in Vietnam, said that FXT Token is trying to borrow the influence of celebrities to reassure investors and create fear of missing out (FOMO) to blow. price of this currency. As a result, screenshots of posts by Vietnamese artists were widely shared by the FXT Token community in hundreds of online earning groups. “To Ngoc Trinh, Kieu Minh Tuan, Kha Nhu… still participating, what are you waiting for?”, the content of the status line reposted the screenshot of the person claiming to be the leader Lio****. This shows the significant influence of using artist reputation to promote “junk” cryptocurrency. The predecessor of FXT Token is a binary exchange, similar to the gambling model. Screenshots. The fact that artists have no knowledge, but still promote Dogecoin, Shiba Inu or FXT Token can be misleading, even causing many people to participate in scam projects. The above articles can also have a negative impact on the capital investment sector, which has many things that are not properly understood. “Celebrities have no expertise, knowledge and experience in the field of cryptocurrencies… This sector is easily fooled by bad projects, created just to make money, selling ‘junk’ to homes. investment,” said Mr. Huy. Before the invitation to invest in cryptocurrencies, Mr. Huy advised participants to carefully research information on official sources, absolutely do not invest if invited by friends, or join invitation groups. rich prospect when “playing” coin. Do apps that promise big profits help you get rich? Thanks to the development of technology, new type of multi-level fraud models easily raise capital and disappear faster, leaving no trace.

“FXT Token is a junk project” Launched at the end of 2020, FXT’s investment calling activity has many signs of multi-level resemblance. At its official website, FXT Token claims to be a “comprehensive financial solution that allows users to control their assets. A platform for providers and avails of financial services in cryptocurrency in when circumventing cross-border regulatory restrictions”. Post by Kieu Minh Tuan on personal Facebook. Do Phuong Quynh, a financial expert from Ant Group, Shanghai, China, said that FXT is “a junk project, the information in the White Paper is completely unhelpful. The individuals who run the project are not clear.” Quynh said. FXT is used as a fiat currency used for Lio****’s project. This project acts as a forex trading platform combined with binary options. This form of binary trading has long been warned as a type of multi-level combination gambling. Phuong Quynh assessed that FXT Token works in the same scenario as Wefinex’s WIN and Bitconnect’s BCC. “The project hits people’s ignorance and greed, by building a binary options platform, taking advantage of the reputation of the Forex trading market to trick investors into participating. Investors are promised. promise to pay interest every day, instead of planning to build a trading strategy like real traders,” added Quynh. Instead of having to play on their own, investors in Lio**** are guaranteed to pay interest daily. The total profit for the whole year of this project is up to 2.3 times the original capital. In early 2021, many people lost money when Lio**** stopped working, not allowing money to be withdrawn from the account. “FXT builds systems following the classic ponzi model to pay F1 and F2 players with the aim of enticing more people to join the system. Investors who do not have a background in finance often consider it This project is like a solution to help them earn money without labor”, Ms. Quynh warned. Sharing the same opinion, Mr. N. T, a representative of a blockchain incubator investment fund, said that FXT Token is associated with an unsustainable business model, mainly hitting greed. He said there are two types of people who will invest in FXT. “First, investors are ignorant of the mechanics and nature of the cryptocurrency market and forex investment. They are easily attracted by things that sound new, the stories are made up sounding. logic, terms that they are unlikely to understand, such as ‘technology 4.0’. This number may account for 80-90%,” said Mr. T. T. The second group of people listed by expert N. T are investors who understand the nature of these scam models, but think they can control the risks themselves. “They think they are quick, can invest early, withdraw early. But they themselves can’t control their greed later on. This number accounts for about 10-20%,” added Mr. T. The FXT coin is said to be directly related to the Lio**** multi-level project. Photo: VTV. FXT Token is only listed on small, less reputable exchanges like Bilaxy, FatBTC. In addition, the head office of the project is located in Vanuatu, the eastern island of Australia. The recommended company size is 51-200 employees. However, on Linkedin, there is only information of 4 profiles, including an individual who is Vietnamese. “To solve the biggest fear of investors is not being able to withdraw money, FXT has listed FXT Token on specialized exchanges or called ‘junk’ exchanges. In fact, these exchanges have no liquidity. , the value is manipulated, whether it can be sold or not is another story. Many investors are also deceived by the term ‘international exchange'”, said Mr. T. Sharing information about the listing standards of the world’s crypto exchanges today, Mr. T said that this standard is getting lower and lower, especially in less-known exchanges. “Currently, there are hundreds of exchanges. These exchanges want to ‘make a living’ also through coin listing. The less reputable the exchange, the lower the listing standard. They are willing to do everything for the money.” Mr T said. Expert N. T warns users if they lose money when trading on these exchanges, if they lose money, they are not protected by any party. ”A part of artists are aiding scams” Nearly a day after public opinion and crypto experts voiced the possibility of FXT Token’s fraud, Vietnamese artists who posted ads for this coin remained silent, with no statement to correct the incident. . “These days are crazy, people can teach each other things that are not their expertise. A part of the artist world is no longer aware of how dangerous their influence can be. to the people,” commented Mr. Phan Dung Khanh. Posts promoting cryptocurrencies by many famous people in Vietnam. Vietnamese artists should only do things related to entertainment, stay away from industries that are not well understood. “The fact that the official press channels warn of the possibility of fraud of dirty financial projects shows an attempt to clean up the national financial system. However, the artists defiantly ignored the scene. This is also an act of abetting fraud, disregarding the people and the law,” Quynh said.

Be wary when Vietnamese artists openly promote virtual currency The incident is said to have originated on May 11, when a series of worthless, anonymous coins were “inflated” thanks to a status line of US billionaire Mark Zuckerberg. Tech billionaire, the boss of Facebook posted a photo of two goats. It is worth noting that the caption about the goat name Max and Bitcoin has made the virtual currency investment community extremely excited. Cryptocurrency investors immediately thought that the Facebook boss was implicitly showing special interest in the current Bitcoin virtual currency. By the afternoon of the same day, the virtual currency fever began to spread rapidly in Vietnam when many Vietnamese artists posted identical statuses, alluding to this virtual currency fever.
A series of names such as Ngoc Trinh, Kieu Minh Tuan, Le Duong Bao Lam, Kha Nhu … were involved in posting an advertisement for virtual currency. In the top line, the idea is just to mention the potential of some virtual currencies (cryptocurrency, digital currency, aka coin) whose origin is related to Meme Doge (animated image of the image) a dog), in the middle is the FXT Token that makes the online community “wake up”. This virtual currency is said to be related to the Lion multi-level virtual currency project, which has signs of fraud. Investing in FXT Token is promised daily profit, which can be up to 2-3 times the capital, that’s why many people turn their eyes to this project. However, internationally, this virtual currency has been warned that it has a multi-level fraud factor, can only be listed on small exchanges, and is considered a “junk coin”.
The name FXT Token has been warned by some mainstream media in Vietnam about signs of fraud. This incident has been warned by the Da Nang City Police since the beginning of February 2021. Accordingly, Lion Group’s activities do not comply with the law, investors who lose money will not be protected by law.
About a week ago, press agencies started to report on the perversion and fraud of Lion Group. A few days ago, Lion Group’s multi-level exchange disabled participants’ ability to withdraw money. That is, FXT buyers are now holding onto a pile of illiquid, worthless virtual currency.

In Vietnam, the State Bank has repeatedly issued recommendations to organizations and individuals not to invest, hold and perform transactions related to virtual currencies.
Owning, buying, selling, and using virtual currencies as an asset has many potential risks for people and is not protected by law. Currently, the State Bank of Vietnam does not accept virtual currencies as currency as well as legal means of payment in Vietnam.
Meanwhile, the lawyers acknowledged that it is a violation to publicly advertise goods that are not allowed by law in Vietnam. Artists who openly promote cryptocurrencies should be punished for administrative violations. At the same time, the cultural and information management agency must also issue a warning because these are the people who influence the public, when advertising any service or goods, they must find out the origin.

It is impossible for money to turn a blind eye to false advertising, affecting many other people, not to mention aiding scammers. Because artists and celebrities on social networks have a lot of followers and followers, their behavior is often considered by the public as a measure, even a standard, so it is easy to cause mass effect. .

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