Hawaii police alert residents to increasing cryptocurrency scams targeting the elderly, where fraudsters use emotional manipulation to lure victims. These scams, commonly known as ‘pig butchering,’ build trust over time, leading to devastating financial losses.
The FBI reports billions in losses from crypto scams, underscoring the need for vigilance against unsolicited investment offers. Authorities stress caution and advise individuals to verify investments through trusted sources.
Standard Chartered forecasts that XRP could rise 500% by 2028, driven by regulatory changes and institutional adoption. This could position XRP above Ethereum in market capitalization, signaling significant developments in the financial landscape.
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