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Portland police alert public to court scam involving cryptocurrency – Newport Dispatch

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Portland police alert public to court scam involving cryptocurrency – Newport Dispatch

PORTLAND — The Portland Police Department is warning residents about a scam where callers, posing as officials from the Cumberland County Sheriff’s Office, claim that the victims are in contempt of court for failing to appear as witnesses in a trial.

The scammers then demand payment of a substantial fine to avoid further charges, including arrest.

Victims are being instructed to make payments through Coinstar machines using Dogecoin or other cryptocurrencies.

The phone number used for the scam calls, when searched on Google, appears to be associated with the Cumberland County Courthouse.

Authorities urge anyone who receives such calls not to engage with the scammer.

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Instead, they should contact the courthouse directly at 207-822-4200 to verify the legitimacy of the call.

Officials have clarified that the courthouse will never request payments over the phone.

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Crypto

Argentina Collaborates with El Salvador to Enhance Cryptocurrency Adoption and Regulation

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The Argentine government is collaborating with El Salvador to gain insights from its experience with Bitcoin adoption and other cryptocurrency activities. The National Securities Commission (CNV) of Argentina met with El Salvador’s National Commission of Digital Assets (CNAD) to discuss crypto adoption and regulation in both countries, according to an official CNV announcement. On May 23, CNV president Roberto Silva, vice president Patricia Boedo, and CNAD president Juan Carlos Reyes reviewed El Salvador’s experience as the first nation to make Bitcoin legal tender in September 2021. The meeting focused on exchanging views and strategies regarding cryptocurrency use in global economies,

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Crypto

Iggy Azalea Hints at Interest in Cryptocurrency

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Iggy Azalea Hints at Interest in Cryptocurrency

Arslan Butt

Index & Commodity Analyst

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.
His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.
His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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Crypto

Bitcoin price today: drops to $67k on inflation fears, Ether rally cools By Investing.com

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Bitcoin price today: drops to $67k on inflation fears, Ether rally cools By Investing.com

Investing.com– Bitcoin price fell slightly on Tuesday, while a rally in no.2 token Ether also cooled as anticipation of key inflation readings this week kept traders largely risk averse, especially towards crypto.

Hype over the approval of an exchange-traded fund that directly tracks Ether also took a back seat, especially as the Securities and Exchange Commission now has to engage with fund managers over their applications to list such a potential product. 

The SEC had last week approved applications from major exchanges to list a spot Ether ETF, which triggered a sharp rally in the token and broader crypto markets.

fell 1.3% in the past 24 hours to $67,901.9 by 01:15 ET (05:15 GMT). sank 2% to $3,844.48, also retreating from two-month highs hit over the weekend.

Rate fears mount ahead of inflation data 

Fears of high-for-longer U.S. interest rates remained squarely in focus, especially ahead of key data due later this week.

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The reading is the Federal Reserve’s preferred inflation gauge, and is likely to factor into the central bank’s outlook on rates.

Sentiment towards crypto and other risk-driven assets was battered by growing fears that the Fed will keep rates high for longer, especially after a string of officials warned that sticky inflation will delay any monetary easing. 

This notion also kept Bitcoin trading comfortably within a trading range established over nearly three months, and also limited bigger gains in Ether.

High rates bode poorly for speculative assets such as crypto, given that they limit liquidity that can be invested in the space, and also push up the attractiveness of conventional, low-risk investments such as the dollar and Treasuries. 

Crypto prices took little advantage of a mild drop in the on Monday. 

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Before the PCE data, inflation readings from , and are also due this week. 

Crypto price today: altcoins, memecoins subdued 

Broader crypto prices saw little action, as trading volumes were also subdued on account of market holidays in the U.S. and the UK.

Altcoins and rose less than 1% each, while meme tokens and traded in a flat-to-low range. 

 

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