Here Are The Things You Need to Know:
BTC
Current Price: $16,974 - 7D Change: 0.00% - 30D Change: -1.03% - YTD Change: -195.1%
ETH
Current Price: $1,250 - 7D Change: -0.72% - 30D Change: -0.37% - YTD Change: -230.6%
Disclaimer: This newsletter is not financial advice. Always do your own research
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- 🏃♂️ Do may have escaped to Serbia
- 🥵 Is CZ's Binance In Hot Water?!
- 💰 Rich Dad Poor Dad Now Backs BTC
AND NOW THE NEWS
Do may have escaped to Serbia
According to South Korean authorities, Do Kwon, the failed cryptocurrency executive behind the collapse of terraUSD and Luna tokens worth 40 billion dollars, is believed to be in Serbia.
The Seoul Southern District Prosecutors' Office declared that they would cooperate with Serbia to apprehend him. In September, Interpol issued a global warrant for his capture. The following month, the South Korean prosecutors stated that after leaving Singapore, where Terraform had its headquarters, he had journeyed through Dubai to an unspecified country.
A "Red Notice" from Interpol is an appeal to law enforcement all over the world to track down and temporarily arrest a person until extradition, surrender, or some other legal process is completed.
Written by: WarBiscuitNFT
This Issue Sponsored by Web3 Masterclass
AND BACK TO THE NEWS
Is CZ's Binance In Hot Water?!
Another Monday, and another hot crypto story unfurling. A new U.S. Department of Justice probe accuses Binance of violating sanctions against Iran, by allowing ~$1B in crypto transactions to Iranian-based businesses. The probe also saw some irregularities in Binance’s compliance program. The investigation is primarily centered around U.S. anti-money laundering laws and sanctions. The interesting part is it is understood the DOJ has enough evidence to put criminal charges against some Binance executives, including CZ. However, another section of the DOJ wants to do a review of the evidence before handing out charges. CZ has denied any wrongdoing in the matter.
This is another bad situation for the crypto world. Although this is not an FTX-level implosion situation, but if the charges do go through and there is proof of sanction violations, it will become another red mark on the crypto industry, and gives naysayers even more reason to call crypto a vehicle for crime, terrorism, etc.
As I mentioned before, centralized services have come to a point where they cannot be trusted for so many reasons. Violating sanctions might not hurt users directly, but if there was ever a chance to funds to get locked up while investigations happen, this might be it. If you’re reading this and still have quite a bit of money in any centralized services, and are not actively trading it (ex. just bought some ETH and sitting on it), please self-custody! Don’t get to the point of regret as so many others have experienced this year!
Written by: nikethereum.eth / Medium / Mirror
Rich Dad Poor Dad Now Backs BTC
“Rich Dad Poor Dad” author Robert Kiyosaki believes those holding gold, silver and Bitcoin will get richer when the Fed/Treasury decides to pivot from de-inflationary tactics to printing trillions of dollars instead, causing the value of the US dollar to decrease for those saving fiat instead.
PENSIONS next global LEHMANN. What are you going to do? Will you get richer or poorer? People who own gold, silver, Bitcoin will get richer when Fed, Treasury, Wall Street pivot & print trillions of fake dollars. Fake money savers will be biggest losers. Don’t be a loser.
— therealkiyosaki (@theRealKiyosaki)
Dec 9, 2022
Kiyosaki has been a fervent adversary of the Fed, Treasury, and Wall Street stating he does trust them, also claiming the U.S. is still headed into a economic disaster, with the U.S. pension crisis possibly becoming the “next global Lehman”.
This man has written one of the most popular financial books of all time, so I think everyone should at least do a little research based on his advice. Gold and silver are always a good thing to invest in, based on historical value increases. Bitcoin, aka “digital gold”, is a deflationary currency and Kiyosaki’s stance makes sense. BTC price has been going down so it’s best to buy on discounts currently before it inevitably increases!
Written by: nikethereum.eth / Medium / Mirror
One Last Thing...
A better way to get to the moon 🚀🌕 then crypto.
Rocket size comparison and how big is SpaceX Starship
[📹 Red Side: buff.ly/3BrTXwQ]
— Massimo (@Rainmaker1973)
Dec 12, 2022
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