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Local businesses in Las Vegas are now accepting Bitcoin as a form of payment, turning to crypto as a way to reduce high operating costs linked to credit card fees.

Three Florida teenagers are facing serious criminal charges after allegedly abducting a man in Las Vegas at gunpoint and stealing $4M in digital assets. the suspects drove the victim to a remote desert in Arizona. There, they reportedly forced him to surrender his cryptocurrency and non-fungible tokens (NFTs) under threats of violence.

“The biggest casino in the world isn’t in Las Vegas; it is in offshore crypto exchanges, where billions get wiped out in a flash,” says Marty Party, a crypto analyst.