Rumors of an expanding war, massive inflation destroying people’s purchasing power, and widespread volatility in the fiat currency world have dominated the news this past week, with equally dynamic developments in the world of crypto-currencies. Robert Kiyosaki, author of Rich Dad Poor Dad, says the “end is here” for fake money. All this and more in the latest Bitcoin.com News review of the week.
As the U.S. dollar tramples the euro, pound and yen, the Russian ruble soars against the greenback.
While the U.S. dollar soared against a basket of global fiat currencies, the Russian ruble climbed 4.5 percent against the greenback last week. In the first week of September, Russia told the press that China would pay for its natural gas in rubles and yuan. In addition, Russian gold imports by Switzerland reached a high not seen since April 2020.
Robert Kiyosaki says the end of fake money is here – he shares 3 lessons to help investors in a market crash.
After predicting the biggest crash in world history, Robert Kiyosaki, the acclaimed author of the best-selling book Rich Dad Poor Dad, says the “end has come” for fake money. He reiterated three lessons that will help investors “behave well during stock market crashes.”
South Korea seeks to freeze 3,313 bitcoins allegedly linked to Luna founder Do Kwon.
South Korean prosecutors are seeking to freeze 3,313 bitcoins on two crypto-currency exchanges allegedly linked to Luna founder Do Kwon. The coins were moved shortly after a South Korean court issued an arrest warrant for the Terraform Labs co-founder.
Christine Lagarde says Europe needs a digital euro without borders
European Central Bank (ECB) President Christine Lagarde says Europe needs a borderless, regulated digital euro. Largade’s comments come at a time when countries around the world are exploring the possibility and feasibility of a CBDC.