[ad_1] <br><div><p>Nov 18 (Reuters) - Berkshire Hathaway Inc, run by billionaire Warren Buffett, on Friday warned buyers it has no affiliation with a purported cryptocurrency brokerage web site utilizing the Berkshire Hathaway identify.</p><p>The web site describes its operator as a Texas-based dealer based in 2020 to offer buyers "a possibility to attain a totally passive revenue from funding in cryptocurrency mining."</p><p>It contains purported buyer testimonials and says the dealer is regulated in the USA, United Kingdom, Cyprus and South Africa, utilizing incorrect names for 2 regulators. Its electronic mail format differs from that of Buffett's firm.</p><p>Buffett has lengthy been skeptical of cryptocurrency, and in 2018 referred to as bitcoin "rat poison squared."</p><p>In an announcement, Buffett's firm stated it realized in regards to the web site, berkshirehathawaytx.com, on Friday afternoon.</p><p>"The entity who has this net handle has no affiliation with Berkshire Hathaway Inc or its Chairman and CEO, Warren E. Buffett," Berkshire stated.</p><p>The web site's operator didn't instantly reply to requests for remark.</p><p>Buffett has run Berkshire Hathaway Inc since 1965.</p><p>The Omaha, Nebraska-based conglomerate owns a number of dozen firms together with the BNSF railroad and Geico auto insurer, and as of Sept. 30 owned greater than $306 billion in shares.</p><p>Cryptocurrency has come beneath renewed scrutiny just lately. This week, U.S. crypto buyers sued FTX founder Sam Bankman-Fried and several other celebrities who promoted his trade together with NFL quarterback Tom Brady and comic Larry David, claiming they engaged in misleading practices to promote FTX yield-bearing digital forex accounts. FTX filed for chapter and is going through scrutiny from U.S. authorities amid stories that $10 billion in buyer property have been shifted from FTX to Bankman-Fried's buying and selling firm Alameda Analysis. (Reporting by Jonathan Stempel in New York; Modifying by David Gregorio)</p></div> <br>[ad_2] <br><a href="https://news.google.com/__i/rss/rd/articles/CBMiVGh0dHBzOi8vZmluYW5jZS55YWhvby5jb20vbmV3cy93YXJyZW4tYnVmZmV0dHMtYmVya3NoaXJlLXdhcm5zLWNyeXB0by0yMzUwMDkwNzYuaHRtbNIBXGh0dHBzOi8vZmluYW5jZS55YWhvby5jb20vYW1waHRtbC9uZXdzL3dhcnJlbi1idWZmZXR0cy1iZXJrc2hpcmUtd2FybnMtY3J5cHRvLTIzNTAwOTA3Ni5odG1s?oc=5">Source link </a>