Here Are The Things You Need to Know:
BTC
Current Price: $16,732 - 7D Change: 2.83% - 30D Change: 0.12% - YTD Change: -179.1%
ETH
Current Price: $1,186 - 7D Change: -7.45% - 30D Change: -2.71% - YTD Change: -230.6%
Disclaimer: This newsletter is not financial advice. Always do your own research
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- 🏃♂️ Elon out at Twitter?
- 😢 Year Of The Scam?? Rug Pulls Top List
- 💰 US Fed suggest Crypto ban
AND NOW THE NEWS
Elon out at Twitter?
After running another Twitter poll, this one to decide his own fate as head of Twitter, Elon came out behind on users wanting to run Twitter. My guess is he may no longer want the job and this served as a great way to save face and bow out. He would still own the platform but appoint a new CEO in the transition.
Should I step down as head of Twitter? I will abide by the results of this poll.
— Elon Musk (@elonmusk)
Dec 18, 2022
The latest rumor mill seems to show Elon has stepped down as of 7 AM EST today morning.
Written by: WarBiscuitNFT
Year Of The Scam?? Rug Pulls Top List
Gather around, readers. Let me tell you a tale of rug pulls and scams for 2022. According to Solidus Labs, there was an estimated 350 scam tokens/rug pulls created on a daily basis since January 2022 to December 1st, which equates to 117,629 scams for the year so far. This is a 41% jump over 2021 where 83,400 token scams were deployed. The report also claims that BNB Chain has the greatest number of scam tokens, with 12% of all BEP-20 tokens being fraudulent. In second place is Ethereum, with 8% of all ERC-20 tokens beings scams.
One piece of advice to those who are new to the crypto game…ALWAYS DO YOUR OWN RESEARCH. If it’s too good to be true, then it probably is! Use tools such as CoinGecko to understand if the token you’re interested in is truly a scam or not. Also, Google is your best friend, as there are countless articles highlighting how one can tell rug pulls from legit tokens!
Written by: nikethereum.eth / Medium / Mirror
This Issue Sponsored by Web3 Masterclass
AND BACK TO THE NEWS
US Fed suggest Crypto Ban
The leader of the Senate Committee on Banking, Housing, and Urban Affairs, Sen. Sherrod Brown (D-Ohio) mentioned that banning cryptocurrencies could be a potential option.
It does seem unlikely however. He mentioned that prohibiting crypto entirely would be tough to accomplish. Brown commented, "Maybe banning it, although banning it is very difficult because it will go offshore and who knows how that will work." So all of this may just be posturing as he understands it would be quite difficult to ban the us of the technology. Many countries like China have tried and failed in the past.
The Ohio senator has been vocal about crypto posing a risk to national security. Late November, he appealed to Treasury Secretary Janet Yellen to help control cryptocurrency companies after the FTX exchange crisis that had an extensive influence on the crypto domain and beyond.
Written by: WarBiscuitNFT
One Last Thing...
And the cycle continues
— Hawks (@NFTHawks)
Dec 18, 2022
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