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"Celebrity" endorsements:Scammersposeonlineas billionaires or well-known names who promise to multiply your investment in a virtual currency but instead steal what you send. They may also use messaging apps or chat rooms to start rumours that a famous businessperson is backing a specific cryptocurrency. Once they have encouraged investors to buy and driven up the price, the scammers sell their stake, and the currency reduces in value. If you don’t see these warnings and are offered an incentive to invest it means the company offering your investment isn’t following our rules, and could be illegal, or even a scam. It is already being predicted by research firms like Galaxy Digital that out-of-date ASICs chips designed for mining bitcoin will become unprofitable to run after the upcoming having, meaning there will be less total hashpower directed towards the network.
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