Warren Buffet’s Berkshire Hathaway warns of scam crypto site with same name – Yahoo Finance

Berkshire Hathaway, the investment conglomerate run by billionaire Warren Buffet, has issued a warning about a fake cryptocurrency website that uses the Berkshire Hathway name, without having any affiliation with the company.
See related article: Bitcoin price falls to more than two-year low amid growing concerns about FTX fallout
“Earlier this afternoon it came to our attention that there is an entity using the name Berkshire Hathaway with a web address of berkshirehathawaytx.com,” said Friday’s press release. ”The entity who has this web address has no affiliation with Berkshire Hathaway Inc. or its Chairman and CEO, Warren E. Buffett.”
The fake website masquerades as a crypto exchange and mining platform that offers fixed investment packages in crypto and precious metals, with a guaranteed daily return on investments of up to 50%.
The scam is also apparent from the fake exchange’s footer, which claims to be regulated by multiple international regulators, some of which are spelled wrong. The site does not appear on the homepage of any of the mentioned regulators.
Warren Buffet has been a long-time crypto skeptic, having called Bitcoin “rat poison squared” in 2018.
Despite Buffet’s criticism, Berkshire Hathaway invested US$1 billion in Bitcoin-friendly Nubank in 2021, one of Latin America’s most valuable banks offering a Bitcoin exchange-traded fund.
Berkshire Hathaway’s warning comes at a difficult time for crypto investors, as the market continues to be affected by shockwaves from FTX’s collapse.

See related article: FTX failed because of humans, not crypto
Is it time to bet on a turnaround?
Elon Musk has praised his competitors but never hidden his competitive edge. And he just tweeted out that edge in a big way.
CEOs of public companies rarely take public swipes at competitors, but that is what Tesla chief Elon Musk did regarding Lucid Group on Friday. Musk responded to a tweet about Lucid (ticker: LCID) offering new purchase incentives for some of its cars with a seven-word bomb: “They are not long for this world.” Tesla (TSLA) and Lucid didn’t immediately respond to requests for comment about the tweet or discounts.
With U.S. stocks down more than 20% so far this year, investors are looking for some good news – and it may be coming from a prominent Wall Street analyst who says the current bear market could come to an … Continue reading → The post Top Morgan Stanley Strategist Says This Is When the Bear Market ‘Will Be Over Probably' appeared first on SmartAsset Blog.
Have an issue with your financial adviser or looking to hire a new one? Email picks@marketwatch.com.
In 2022, Buffett has gone on the offensive, taking advantage of the market's recalibration.
Kinder Morgan (NYSE: KMI) gave investors a glimpse into what they should expect in the coming year by unveiling its preliminary financial expectations for 2023. Management expects Kinder Morgan to generate $7.7 billion in adjusted EBITDA next year. Growth drivers include rising volumes at its refined product and gathering and processing businesses, higher rates as it recontracts its Jones Act tankers, and expansion projects coming into service.
Growth stocks have been hit especially hard this year, but their long-term investment thesis hasn't changed. Shopify (NYSE: SHOP), Roku (NASDAQ: ROKU), and Nvidia (NASDAQ: NVDA) are three downtrodden companies that look like excellent buying opportunities for investors willing to hold them for the next decade and beyond. What makes these companies appealing is their position in industries due for explosive growth in the coming years.
BlackRock warned investors to expect a recession, persistent inflation, and an era that requires a more “nimble” approach in its 2023 Global Outlook this week.
Greed and bad decisions have left the once-booming Bitcoin mining industry reeling.
I will be 72 years old on Feb. 10, 2023. I have a traditional individual retirement (IRA) account. Most of the money is tied in stocks, and the stocks this year are way down. If I sell to pay the … Continue reading → The post Ask an Advisor: When Taking RMDs, How Do I Avoid Locking in Losses? I'll Be 72 Years Old Soon, and My Stocks Are ‘Way Down' This Year appeared first on SmartAsset Blog.
Nio (NYSE: NIO) pleased investors with its forward projections when it reported third-quarter earnings a month ago. When Nio announced its quarterly results on Nov. 10, it told investors vehicle deliveries increased almost 30% year over year. Today, Li Auto (NASDAQ: LI) said it also expects to deliver up to 48,000 EVs in its fourth quarter.
Buy and hold forever? Not always.
A brutal take on housing.
Schlumberger Limited's (NYSE:SLB) stock price has dropped 3.6% in the previous week, but insiders who sold US$12m in…
Yahoo Finance's Ines Ferre joins the Live show to break down how stocks are performing following UMich consumer sentiment data.
A Tether official and the head of the world’s largest crypto exchange grew alarmed that Sam Bankman-Fried was trying to destabilize the stablecoin and with it the broader crypto market last month in a last-ditch attempt to save FTX, according to messages seen by The Wall Street Journal and people familiar with the situation. In a Signal group chat called “Exchange coordination,” Changpeng Zhao, the chief executive of crypto exchange giant Binance, confronted Mr. Bankman-Fried on Nov. 10. Mr. Bankman-Fried denied the claims in the Signal messages and in a statement to the Journal.
The ATM was created to expose people's 'wealth-flaunting impulses' by showing everyone how much money someone has in the bank.
The company's main product — Bitcoin — isn't exactly popular just now, and it didn't mine as much last month as it hoped to.
The electric vehicle manufacturer's gross margin tanked, but it could just be a quarter-specific event.


Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *