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Jeremy Clarkson Gets Involved in Bitcoin Scam, UK Police Issue Warning: Details

  • Alex Dovbnya
    📰 News

    Former Top Gear superstar Jeremy Clarkson, who is now the host of "The Grand Tour," became part of a Bitcoin scam without suspecting anything

Jeremy Clarkson Gets Involved in Bitcoin Scam, UK Police Issue Warning: Details
Cover image via www.facebook.com

According to Derbyshire Live, local police have warned residents about a prevalent Bitcoin scam that uses celebrities to get new victims on the hook.

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Bitcoin Scam Uses Hugh Jackman and Other Australian Celebrity Profiles to Lure Victims

Bitcoin Scam Uses Hugh Jackman and Other Australian Celebrity Profiles to Lure Victims

Last week, This is Money reported that Jeremy Clarkson, the former host of "Top Gear," has been promoting a fraudulent cryptocurrency project on various social media feeds without knowing anything about it. 

Bitcoin Scam
image by dailymail.co.uk

The modus operandi of the scam, which is called "Bitcoin Revolution," remains the same. In order to lure in uninitiated users, it plasters fake endorsements from politicians, businessmen, and such A-list celebrities as Clarkson all over social media. 

Considering the success story of the top cryptocurrency, which turned many early adopters into ultra-rich individuals, people with limited knowledge of crypto can easily fall victim to such a scam in pursuit of big and fast returns. 

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Bitcoin Investing Scam Gets in the Crosshairs of US Regulator

Bitcoin Investing Scam Gets in the Crosshairs of US Regulator

Adding images and made-up articles with celebrities is an important selling point. In the fake ITV news piece, Clarkson claims that Bitcoin Revolution was "the greatest investment" he has ever made. 

X Factor judge Simon Cowell also ended up among big-name individuals whose reputation was tarnished by Bitcoin Revolution ads. Earlier, this sham site also targeted Singaporean billionaire Lim Oon Kuin and the Norwegian Ministry of Finance

Meanwhile, Martin Lewis, the founder of MoneySavingExpert.com, went as far as suing Facebook for not clamping down on fake Bitcoin ads.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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Bitcoin's Parabolic Uptrend Remains Intact Despite Price Collapse: Tuur Demeester

  • Alex Dovbnya
    📰 News

    Tuur Demeester wants you to buy the dip as Bitcoin touches the support of its parabolic uptrend for the first time since March

Bitcoin's Parabolic Uptrend Remains Intact Despite Price Collapse: Tuur Demeester
Cover image via u.today

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Tuur Demeester of Adamant Capital has just taken to Twitter to calm down Bitcoin enthusiasts who might have been swayed by incredibly bearish sentiment on crypto Twitter. 

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Bitcoin Price Slashed to $6K. Is This Best Black Friday Sale?

Bitcoin Price Slashed to $6K. Is This Best Black Friday Sale?

Bitcoin recently dropped to $6,800, its lowest level since early May. However, Demeester apparently sees this as yet another opportunity to buy the dip. He states that top coin's parabolic uptrend that started at the beginning of 2015 hasn't been violated. However, Bitcoin has tapped support for the first time since March when Bitcoin was trading well below $4,000. 

Shortly after printing a huge red candle on the logarithmic chart, the Bitcoin price spiked by 20 percent on Apr. 2, which started the coin's massive run to $13,700. 

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Crypto Analyst Doesn't Expect Bitcoin Price to Repeat Past Halvenings

Crypto Analyst Doesn't Expect Bitcoin Price to Repeat Past Halvenings

As of now, BTC is down by nearly 50 percent from its yearly high, but this might not be the end of the nightmare for Bitcoin bulls. According to trading exert Josh Rager, the crypto king could plunge below the $7,000 level again after a fakeout to the $7,500 range. 

Gold bug Peter Schiff recently predicted that BTC could collapse to $10,000 level after competing the head-and-shoulders pattern.  

At the time of writing, BTC is sitting $7,313, CoinStats data shows. 

Subscribe to U.Today on Facebook, and get involved in all top daily cryptocurrency news, stories and price predictions!

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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