Bit Coin
Robert Kiyosaki: Rich Dad, Poor Dad Author says Bitcoin Cannot be Eaten
Robert Kiyosaki, the author of Rich Dad Poor Dad, has chosen a new promising investment: canned tuna.
The writer is another advocate of the thesis that is gaining momentum in social networks. The point is that the world will enter a period of profound food shortage.
In a tweet published on Monday, Kiyosaki writes, “The best investment: cans of tuna. Inflation will explode soon. The best investment is cans of tuna and beans. You cannot eat gold, silver or Bitcoin. You can eat canned tuna and beans. The most important thing is food. Another problem is hunger. Invest in a solution. Look after yourself.”
Best INVESTMENT: Cans of Tuna Fish. Inflation about to take off. Best investments are cans of tuna & baked beans. You can’t eat gold, silver, or Bitcoin. You can eat cans of tuna and baked beans. Food most important. Starvation next problem. Invest in the solution. Take care.
— therealkiyosaki (@theRealKiyosaki) June 13, 2022
Recently, the writer repeated the words of the International Monetary Fund (IMF) in Davos, Switzerland. The institution said the world would face its greatest economic challenges since World War II (1939-1945).
Stockpiling Food
Kiyosaki was already advising his followers to start stockpiling food supplies. He also said, “Desperate leaders will do desperate things. Is world war coming? God, have mercy on us. Stock up on gold, silver, bitcoins, food, weapons and ammunition.”
May 23, 2022: DAVOS, Switzerland IMF warns world faces greatest financial challenges since WWII. Global disaster has been coming for years. Desperate leaders will do desperate things. Workd War coming? God have mercy on us. Save gold, silver, Bitcoin, food, guns, and bullets.
— therealkiyosaki (@theRealKiyosaki) May 23, 2022
Robert Kiyosaki and Bitcoin
Robert Kiyosaki has been talking about Bitcoin since 2018. In August of the same year, the writer called Bitcoin the people’s money and stated that the dollar was a kind of fraud or farce.
“I think [Bitcoin] is a great idea. Today I am talking about three types of money: one is God’s money, that is, gold and silver. They’ll be here when the cockroaches go extinct. The second is government money, dollar, euro… fiat money. There is also people’s money, which is a cyber currency. The US dollar is a scam. I think we are witnessing the end of the dollar. This is what I’m saying.”
In 2021, when Bitcoin’s price was $ 37,000, Kiyosaki said if it fell to $27,000, he would choose to buy the asset.
Got something to say about Kiyosaki or anything else? Write to us or join the discussion in our Telegram channel. You can also catch us on Tik Tok, Facebook, or Twitter.
Disclaimer
All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.
Shortly after resuming withdrawals for some altcoins, Asian crypto exchange Zipmex announced that it will be easing withdrawal amounts of Bitcoin and Ether later this week.
The statement comes after the platform had assured its users on August 4 that it is “committed to resuming all services on the Zipmex platform ASAP and to rebuild confidence and alleviate customer concerns.”
August 11, 16 earmarked for release
Zipmex, a cryptocurrency exchange with offices in Singapore and Thailand, announced a temporary halt to client withdrawals from the platform back on July 20. While the exchange blamed falling crypto asset prices and loan defaults by industry heavyweights for the decision, it said it will resume withdrawals less than 24 hours after suspending operations.
Now, despite the exchange’s battle with Babel and Celsius, it intends to release a specific amount of ETH and BTC on August 11 and 16, respectively.
Zipmex is planning to release a specific amount of ETH and BTC on 11 and 16 August respectively. We’re working hard to release the balance of Z Wallet holdings ASAP.
Thank you for your ongoing patience and support.
Zipmex Team
#Zipmex pic.twitter.com/moywJffXau— ZIPMEX (@zipmex) August 8, 2022
Previously on August 2, 100% of users’ SOL was released, 100% of XRP was announced for release on August 4, and Zipmex said it will make 100% of ADA available on August 9, 2022. Stablecoins, on the other hand, will remain inaccessible for the time being.
Meanwhile, in Singapore, Zipmex has requested bankruptcy protection to address its financial concerns by way of a moratorium for five of its businesses. While the hearing is to take place on August 15, it is crucial to reiterate that Zipmex has raised a total of $62.9 million in investment over the course of 6 rounds. As per Crunchbase, Coinbase and B Capital Group were the most recent investors.
That said, co-founder Akalarp Yimwilai had also stated on Twitter last month that the “primary objective at this stage is to raise funds and open up Z Wallet as soon as possible.”
We reiterate that we have an audit trail and written evidence on all sequence of events. However, our primary objective at this stage is to raise funds and open up Z Wallet as soon as possible.
— Akalarp Yimwilai (@akalarp) July 29, 2022
Will the Singapore court go the Vauld way?
Just last week, the High Court of Singapore granted the troubled cryptocurrency lender Vauld a three-month moratorium period. As a result, the corporation will be effectively protected from any prospective legal action from creditors during this time. Therefore, a similar route for Zipmex will allow the platform to resolve its liquidity issues and re-enable its Z wallet.
Just to reiterate, Zipmex Asia Pte Ltd, Zipmex Pte Ltd, Thailand-based Zipmex Company Limited, PT Zipmex Exchange Indonesia, and Zipmex Australia Pty Ltd are among the businesses asking for assistance under Section 64 of Singapore’s Insolvency, Restructuring and Dissolution Act 2018. According to Singaporean legislation, these businesses must be given an automatic moratorium for 30 days or until the court issues a ruling.
What do you think about this subject? Write to us and tell us!
Disclaimer
All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.
The Barstool Sports founder panic-sold Bitcoin in 2020 and has expressed fleeting interest in digital assets ever since.
1258 Total views
48 Total shares
Barstool Sports founder Dave Portnoy has watched his investment in SafeMoon (SAFEMOON) crash by over 94%, proving to crypto enthusiasts that he is, in fact, capable of hodling during the bear market.
The stock trader and media personality took to Twitter on Monday to lament his $40,000 investment in the memecoin, which has fallen to just $2,370.94 after he didn’t withdraw a single token. “Still holding by the way,” Portnoy said. “Diamond hands.”
I put 40k into @safemoon I haven’t withdrawn any. It’s not worth 2.3k. And I’m being sued. https://t.co/qRAyBegQMm
— Dave Portnoy (@stoolpresidente) August 8, 2022
Portnoy claimed that he’s also being sued by SafeMoon, possibly for “trashing” the project on his show, but didn’t elaborate much further. In a separate tweet, Portnoy shared a screenshot of SafeMoon’s sales manager expressing displeasure with the Barstool Sports frontman for giving the company “a bad look and unfair representation.” Portnoy “mentioned his SafeMoon losses on air but failed to mention he hasn’t upgraded his holdings to V2 yet,” the manager said.
And let’s not forget when @safemoon themselves complained about me trashing them. pic.twitter.com/1Fg2i9lijC
— Dave Portnoy (@stoolpresidente) August 8, 2022
Portnoy is no stranger to cryptocurrencies, having bought Bitcoin (BTC) in August 2020 only to sell it one week later due to volatility. He later expressed regret over his lack of conviction and went on to make several additional bets on cryptos, which included SafeMoon.
Related: Dogecoin founder speaks out against ‘meme coins’
As far as prices go, SafeMoon is down over 99% from its all-time high of $0.00001399 in April 2021, according to CoinMarketCap. The coin has a lifetime return on investment of negative 86%.
SafeMoon was audited in May 2021 by blockchain security firm HashEx. At the time, the firm identified 12 smart contract vulnerabilities, including a “temporary ownership renounce” that made it especially prone to a rug pull.
Stablecoin issuers can blacklist interactions with the Tornado Cash DApp on the Ethereum smart contract level.
997 Total views
19 Total shares
Crypto data aggregator Dune Analytics said that, on Monday, Circle, the issuer of the USD Coin (USDC) stablecoin, froze over 75,000 USDC worth of funds linked to the 44 Tornado Cash addresses sanctioned by the U.S. Office of Foreign Assets Control’s Specially Designated Nationals and Blocked Persons (SDN) list. Tornado Cash is a decentralized application, or DApp, used to obfuscate the trail of previous cryptocurrency transactions on the Ethereum blockchain.
All U.S. persons and entities are prohibited from interacting with the virtual currency mixer’s USDC and Ethereum smart contract addresses on the SDN list. Penalties for willful noncompliance can range from fines of $50,000 to $10,000,000 and 10 to 30 years imprisonment. An estimated $437 million worth of assets, consisting of stablecoins, Ethereum, and wrapped Bitcoin (WBTC), are currently held in Tornado Cash’s smart contract addresses. As a result, issuers are expected to take steps to prevent the transaction or redemption of such assets.
Both the entities behind USDC and Tether can freeze their stablecoin transfers to and from Tornado Cash on the Ethereum smart contract level. Meanwhile, Palo Alto, California-based BitGo, would also, theoretically, need to restrict access to Tornado Cash to comply with such sanctions. One possible method is suspending the redemption of Tornado Cash-linked WBTC.
As told by pseudonymous DeFi educator BowTiedIguana, the new Tornado Cash sanctions apply across the board for U.S. individuals and entities. Simple interactions such as Gitcoin donations, working for the project, running or downloading its software, visiting its website, and depositing/withdrawing from smart contracts could be interpreted as violations.
Circle just frozen 75,000 USDC belonging to unsuspecting Tornado users, as well as 149 USDC donated to the project. pic.twitter.com/GBS41FtZvB
— banteg (@bantg) August 8, 2022
We’re in love with this leaked Xbox Elite Series 2 controller design
5 reasons you should buy a cheap phone over an expensive one
Street Fighter 6 is bringing the ‘80s (and feet) back
Google’s big plans for wearables could include workouts from your TV
Installing Windows 11 on Apple Macs is now as simple as a single click
‘Continue to ebb and flow over time’: Denny’s chief brand officer on how consumers’ moods inform brand messaging
Bitcoin hits $45K ahead of July inflation report, but one fractal hints at looming correction
Smart Marketing Token (SMT) Is on a Mission to Help Blockchain Projects Reach Their Goals
Identity management org Sailpoint unveils no-code tool
Japan crypto exchange bitbank upgrades performance of its matching engine by 4x
-
Bit Coin3 months agoDeFi transforming lending routes on the blockchain
-
Bit Coin3 months ago
Look out below! Ethereum derivatives data hints at further downside from ETH
-
Tech3 months ago
Nvidia releases its first open-source Linux drivers
-
Bit Coin3 months ago
Miami and New York City coins tank despite Mayoral endorsements
-
Bit Coin3 months ago
An Anime Action Adventure: YOANN․IO Seed Launch on KICK․IO
-
Tech3 months ago
Report: Apple is testing USB-C iPhone models for 2023
-
Bit Coin3 months ago
Swiss think tank urges greater global cooperation on crypto regulation
-
Bit Coin2 months ago
Sequel to Iconic RPG Ni No Kuni to Feature NFT Integration and Play-to-Earn Mechanics
