Cryptoliteracy

This has just come in:

Melbourne exchange myCryptoWallet has gone into liquidation.

If you are affected, please get in touch with the liquidators as soon as possible.

Link in comments.

DYOR. Do Your Own Research.

We see it, we hear it... but how many people actually do it?

Over the last few days, the popularity of Squid Game (I still have no idea what that is.... one of these days I'll get to finding out) saw people flocking to a token by the same name that popped up online.

Promising the ability to earn while gaming, the expectation of massive profits from the sheer popularity of the name started to look likely.

As you can see below, the token rapidly gained momentum in the last 24 hours... only there was a catch. You can't sell it.

With the enormous spike, the token went from a starting price of $0.01 and peaked at $2,861.80.

Let's put that in perspective.

If you bought just $10 worth of SQUID early on, at the peak your $10 would have grown to almost $3 MILLION....
...and just 5 minutes later it was worth just 80 cents.

If you want to read more, we will have a complete breakdown available on our website.

Beware the rugpull.