## **Seaside Police Warn of Cryptocurrency Extortion Scam**

Seaside Police are sounding the alarm on **extortion scams** targeting victims through **cryptocurrency**. Scammers are sending emails demanding payments in cryptocurrency while falsely claiming to possess personal information or compromising photos of the victims. 

To intensify their threats, these scammers include **images** of victims' homes sourced from **Google Maps Street View**. However, police assert that the scammers lack any real compromising information. 

### **What to Do If You Encounter Such a Scam**
If you receive a scam email, police advise the following steps:
- **Do not panic**
- **Do not respond** to the scammers
- **Report the incident** to the **FBI’s Internet Crime Complaint Center** at [www.ic3.gov](http://www.ic3.gov). Make sure to include all relevant details, such as the email header and any cryptocurrency addresses.

If you have already made a payment and suspect you have been scammed, contact the **Seaside Police Department** at **831-394-6811** for assistance.

Police say the scammer’s goal is to extort money even though they do not have compromising information on the victims.

Beware: Seaside Police Alert Public About Cryptocurrency Extortion Scams

### Michael Saylor: A Bitcoin Advocate Like No Other

Michael Saylor is **one of the most influential advocates** of **Bitcoin (BTC)** and the co-founder of **MicroStrategy Inc.**, a software firm that has become a significant player in the cryptocurrency space. However, many may not know that Saylor initially held a **skeptical view** of Bitcoin.

### A Surprising Turn of Events

On **December 19, 2013**, Saylor tweeted, **"Bitcoin's days are numbered. It seems like just a matter of time before it suffers the same fate as online gambling."** This statement reflected the doubts many had about Bitcoin's longevity.

![Michael Saylor's Tweet](https://twitter.com/saylor/status/413478389329428480)  
*Source: Twitter*  

Fast forward to **September 2020**, during a podcast with **Anthony Pompliano**, Saylor expressed his **embarrassment** over his previous tweet, stating, **“I literally forgot I ever said that.”** He humorously remarked on how he felt like an **idiot** for doubting Bitcoin.

### The Shift in Strategy

Less than seven years after his critical tweet, **MicroStrategy** adopted Bitcoin as its primary **reserve asset**, marking a pivotal moment in the company's strategy. As of now, MicroStrategy is recognized as the **world’s largest corporate owner of Bitcoin**, boasting a holding worth over **$15 billion**. Their stock performance has even **outperformed** every company in the **S&P 500**, including tech giant **NVIDIA Corp.**.

### Saylor's Current Stance

Michael Saylor's journey has evolved dramatically; from saying **"Bitcoin's days are numbered"** to now referring to it as **"a swarm of cyber hornets serving the goddess of wisdom."** Recently, he revealed that his personal Bitcoin holdings are nearing **$1 billion**, with plans to continue investing in the cryptocurrency.

![Saylor's Insight](https://twitter.com/saylor/status/1307029562321231873)  
*Source: Twitter*  

### Price Action

Currently, Bitcoin is trading at **$61,022.74**, with a slight **decrease** of **0.65%** in the last 24 hours. Meanwhile, MicroStrategy's stock closed at **$163.41**, down **0.75%** during the latest trading session.

### Upcoming Events

**Anthony Pompliano** will be a keynote speaker at Benzinga's **Future of Digital Assets** event on **November 19**. Stay tuned for further insights!

*Photo courtesy: Wikimedia*

Michael Saylor is regarded as one of the most influential advocates of Bitcoin (CRYPTO: BTC), and MicroStrategy Inc.

From Skeptic to Billionaire: Michael Saylor's Incredible Bitcoin Transformation

### The Surprising September Jobs Report

The **September jobs report** has taken economists by surprise, revealing that **254,000 new jobs** were added over the month, which is over **100,000 more than expected**. This shift in the labor market has economists scrambling to interpret its implications. One thing is clear: it's a **positive sign for stocks**, the **Federal Reserve**, and anyone seeking employment.

### Mixed Signals Leading Up to the Report

In the lead-up to this announcement, two key reports presented **mixed data**. The **JOLTS report** indicated more job openings but reflected more conservative hiring and quitting. Meanwhile, the **ADP numbers** showed unexpected strength in **private payrolls** but slower wage growth for job switchers, a critical indicator of labor market health.

### Market Reactions and Fed Expectations

According to our **Chart of the Week**, this unexpected data has altered expectations regarding the Fed's monetary policy trajectory. The market is now anticipating **four 25 basis point rate cuts** over the next four meetings, and a higher terminal rate when these cuts conclude. Neil Dutta from **Renaissance Macro Research** believes this report could support a **25 basis point cut** per meeting through 2025, as it “overwhelms all other employment indicators.”

### Wall Street Consensus

Most Wall Street economists agree that the dynamics have shifted dramatically. The prospect of a **50 basis point cut** in the upcoming November meeting now seems unlikely, and some analysts are even questioning if any cuts will occur given the strong job numbers. **Paul Ashworth**, Capital Economics' chief North America economist, stated that the real debate should revolve around whether to loosen monetary policy at all.

### A Dual Perspective on Economic Indicators

While the job growth is robust, other surveys indicate that **labor sentiment** is declining, suggesting that individuals feel it is harder to find jobs. This duality may lead to more cautious consumer spending, as noted by **ING's James Knightley**. 

### Conclusion: A Cautious But Optimistic Outlook

For the Fed, the current economic conditions allow for a **wait-and-see approach**. The economy appears strong, and inflation seems to be under control, creating an environment where immediate policy changes are not necessary. The overall narrative of the Fed's direction remains unchanged, although it has been adjusted in light of recent data.

The September jobs report shocked economists with 254,000 new jobs added over the month, over 100,000 more than expected. Economists and strategists are scrambling to figure out what this means, but one thing is clear — it's not bad for stocks, the Fed, or anyone looking for a job.

Unexpected Job Growth Shifts Economic Expectations: What It Means for the Market

In the early days of Bitcoin, **Satoshi Nakamoto** created a revolutionary digital currency that remained largely unused. Recently, a fascinating event has caught the attention of the crypto community: an **'ancient' Bitcoin whale** has moved a significant amount of Bitcoin to **Kraken**, a major cryptocurrency exchange.

### The Whale's Move
According to **Arkham Intelligence**, the whale, identified as someone who mined Bitcoin shortly after its inception in **2009**, transferred nearly **$3.6 million** worth of Bitcoin, which equates to about **1,189 Bitcoins** valued at approximately **$77 million** today. This dramatic move comes after the whale had kept these coins untouched for over a decade.

### Historical Context
The Bitcoin transferred was mined during the **'Satoshi-era'**, just after the **genesis block** was mined in January 2009. Initially, the whale moved **five Bitcoins** to Kraken and followed up with another **five** shortly after.

### What Does This Mean?
In the crypto world, a **whale** refers to an entity or individual holding a large amount of Bitcoin. Typically, these investors maintain their holdings for extended periods, leading to **astronomical gains**—in this case, a staggering **16,700% increase** in value over the last decade. 

### Market Implications
Such significant movements by whales can create **market anxiety**. Investors often worry that these large holders may be preparing to cash in on their profits, potentially leading to **downward pressure** on Bitcoin's price. Currently, Bitcoin is priced at around **$62,194**, a figure that reflects its volatile nature.

Understanding the actions of these whales can provide valuable insights into market trends and investor sentiment as they navigate the intricate world of cryptocurrency.

Over $3.5 million in coins held since 2009 has been moved to Kraken, data shows.

Mysterious 'Ancient' Bitcoin Whale Moves $3.6 Million to Kraken After a Decade

### Recovery of Stolen Cryptocurrency

State police in Connecticut have successfully **recovered $42,129** of stolen cryptocurrency for a victim in Norwich. The incident traces back to a significant theft reported in March, involving over **$159,712.26** worth of Bitcoin and Ethereum that was illegally taken from a **cold storage wallet**, referred to as a “wallet drainer.”

### Investigation Details

Following the report, the Norwich Police Department reached out to state police. Detectives were able to trace the stolen cryptocurrencies to two compliant exchanges. They issued **freeze requests** and obtained search warrants from the **New London Superior Court** to seize the assets.

The investigation led to the recovery of **0.28993293 Bitcoin (BTC)** and **$24,051.40** in cash, totaling an estimated **$42,129.95** returned to the victim.

### Cryptocurrency Safety Tips

To help residents secure their cryptocurrency, state police provided the following safety tips:
- **Use Two-Factor Authentication (2FA)** when available.
- When using **cold storage devices (hardware wallets)**, ensure your private keys are safe and never shared.
- **Create strong, unique passwords** for your accounts.
- Be cautious of **Phishing** or **Smishing** attempts; always double-check URLs and email addresses. Avoid clicking on suspicious links or downloading unknown attachments.
- **Keep software updated** to protect against vulnerabilities.

State police recovered $42,129 of stolen cryptocurrency for a victim in Norwich.

State Police Triumph: Recover Over $40,000 in Stolen Cryptocurrency for Norwich Victim

### Stocks Rally After Strong Jobs Report

**Stocks soared** on Friday as investors welcomed a **key monthly jobs report** that showcased robust hiring in the US economy. The **S&P 500** gained **0.9%**, while the **Dow Jones Industrial Average** surged more than **300 points**, marking a new record. The **Nasdaq Composite** also saw a rise of **1.2%**.

### September Jobs Report Surprises

The **September jobs report** significantly exceeded expectations, adding **254,000 jobs** and reducing the unemployment rate to **4.1%**. This data indicates that the labor market remains strong despite signs of cooling. Yahoo Finance's Josh Schafer has further details on the report. 

### Interest Rate Forecasts Shift

The jobs data has influenced forecasts for a **smaller interest rate cut** from the Federal Reserve next month. Currently, nearly **99% of bets** are on a **25 basis point cut**, rather than a **50 basis point** reduction.

### Market Resilience Amid Challenges

Despite a week filled with concerning headlines, including a **major port strike** and geopolitical tensions, the markets showed remarkable **resilience**. The **S&P 500** and **Dow** ended the week with gains, sitting close to record highs.

### Oil Prices and Geopolitical Tensions

Oil prices have surged, marking their **biggest weekly gain** in over a year amidst fears of escalating conflict in the Middle East. Following **strikes by Israel** on Beirut, concerns about oil supply have heightened, contributing to price increases. 

**Image:** ![Stock Market](https://o.aolcdn.com/images/dims?image_uri=https%3A%2F%2Fs.yimg.com%2Fos%2Fcreatr-uploaded-images%2F2019-06%2F97285f00-895d-11e9-9b7a-2b53cff69736&compress=1&progressive=1&quality=75&client=hawkeye&signature=9c0d71acf684c03ee294d31b319e6ee0f5427b68)

Investors braced for a key monthly jobs report, with the Middle East crisis and a return to work at US ports also in high focus.

Record-Breaking Dow Surge: Jobs Report Sparks Market Rally

## Bitcoin's Resilience After Jobs Data

Bitcoin has shown remarkable resilience this week, **parsing weekly losses** after the release of **better-than-expected September jobs data**. This news has sparked interest in the cryptocurrency markets as traders and investors assess the implications for future price movements.

### Insights from CNBC Crypto World

In a recent episode of **CNBC Crypto World**, Sam Kessler from **CoinDesk** discussed the vital role that economic indicators, such as job reports, play in shaping the **crypto landscape**. The segment also highlighted concerning reports that **North Korean IT workers** are infiltrating global crypto companies, raising alarms about security and integrity in the digital currency space.

### Key Takeaways
- **Positive employment figures** can lead to increased investor confidence in cryptocurrencies.
- The infiltration of crypto firms by **North Korean IT workers** poses significant risks for the industry.
- Traders are keeping a close eye on economic trends as they influence market dynamics.

Stay tuned for more updates as the situation develops and the crypto market reacts to economic changes.

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Sam Kessler of CoinDesk discusses his reporting that North Korean IT workers have infiltrated global crypto companies.

Bitcoin Bounces Back: What September Jobs Data Means for Cryptocurrency

The **cryptocurrency market** is currently facing challenges despite a brief recovery after the **Federal Reserve's rate cut** announcement in September. Bitcoin (BTC), which briefly surpassed **$63,000**, has dipped below **$60,000** this week due to various factors, including a **four-day outflow from U.S. spot Bitcoin ETFs** and ongoing geopolitical tensions in the **Middle East**.

### Bitcoin Price Retreats From Recent Highs
Bitcoin traded at **$61,136.95** on Thursday but fell below **$60,000** earlier in the day. This decline marks the **sixth consecutive day** of price drops, following a peak of **$73,750** on March 14. Despite recent setbacks, Bitcoin has achieved a **44.6% year-to-date return**.

### Cryptocurrency Stocks Poised to Grow
The cryptocurrency market stands to benefit from anticipated **Federal Reserve rate cuts**. Lower interest rates typically favor growth assets like cryptocurrencies as they reduce the opportunity cost of holding non-yielding assets. Investors are optimistic about a potential **50 basis point rate cut**, signaling positive momentum for the crypto market.

### 4 Crypto Stocks With Growth Potential
#### Robinhood Markets
**Robinhood Markets** operates a platform allowing users to trade various assets, including cryptocurrencies. With an expected earnings growth rate exceeding **100%**, it currently holds a **Zacks Rank #1 (Strong Buy)**.

![Robinhood](https://s.yimg.com/ny/api/res/1.2/Xg_kk3eGWHs0SO4QEN65wA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTYzODtjZj13ZWJw/https://media.zenfs.com/en/zacks.com/5aedab9b0ba0d51a4441fd533441bb05)
*Image Source: Zacks Investment Research*

#### BlackRock
**BlackRock**, a major investment manager, has engaged in the **Bitcoin ETF race** since June 2023. Its expected earnings growth rate stands at **9.6%**, and it currently holds a **Zacks Rank #3**.

![BlackRock](https://s.yimg.com/ny/api/res/1.2/wz.8ddEwZxVoRglZd4ldgQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTYwNDtjZj13ZWJw/https://media.zenfs.com/en/zacks.com/2ae0daf154d6a4735d0ca1aeda553a91)
*Image Source: Zacks Investment Research*

#### CME Group
**CME Group Inc.** offers options for cryptocurrency futures contracts. The expected earnings growth rate for CME is **7.3%**, with a current **Zacks Rank #3**.

![CME Group](https://s.yimg.com/ny/api/res/1.2/tXx6L3Rvb3F1_1ersDiK9g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTU5NTtjZj13ZWJw/https://media.zenfs.com/en/zacks.com/bb16021e112b7421e383d1ff7b59df6f)
*Image Source: Zacks Investment Research*

#### NVIDIA
**NVIDIA**, a leader in visual computing technologies, is focused on solutions that support high-performance computing. It has an expected earnings growth rate of over **100%** and currently holds a **Zacks Rank #3**.

![NVIDIA](https://s.yimg.com/ny/api/res/1.2/Y9gqt_GAcl.lxzS1xIFI8w--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTYzMDtjZj13ZWJw/https://media.zenfs.com/en/zacks.com/c6fe25c5d61d679cd5b996be7abc4db0)
*Image Source: Zacks Investment Research*

Stocks like HOOD, BLK, CME and NVDA are poised to gain once the Bitcoin rally resumes.

Beware: Seaside Police Alert Public About Cryptocurrency Extortion Scams

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Seaside Police Warn of Cryptocurrency Extortion Scam

What to Do If You Encounter Such a Scam

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Other Latest News

From Skeptic to Billionaire: Michael Saylor's Incredible Bitcoin Transformation

Unexpected Job Growth Shifts Economic Expectations: What It Means for the Market

Mysterious 'Ancient' Bitcoin Whale Moves $3.6 Million to Kraken After a Decade

State Police Triumph: Recover Over $40,000 in Stolen Cryptocurrency for Norwich Victim

Record-Breaking Dow Surge: Jobs Report Sparks Market Rally

Bitcoin Bounces Back: What September Jobs Data Means for Cryptocurrency

Unlocking Potential: 4 Crypto Stocks Set to Soar Before the Next Bitcoin Surge

Other Latest News

From Skeptic to Billionaire: Michael Saylor's Incredible Bitcoin Transformation

Unexpected Job Growth Shifts Economic Expectations: What It Means for the Market

Mysterious 'Ancient' Bitcoin Whale Moves $3.6 Million to Kraken After a Decade

State Police Triumph: Recover Over $40,000 in Stolen Cryptocurrency for Norwich Victim

Record-Breaking Dow Surge: Jobs Report Sparks Market Rally

Bitcoin Bounces Back: What September Jobs Data Means for Cryptocurrency

Unlocking Potential: 4 Crypto Stocks Set to Soar Before the Next Bitcoin Surge