
Bitcoin


Sam Bankman-Fried Admits FTX Didn’t Buy Bitcoin for Clients – Just Took Their Money
An interviewer asked SBF,why there was no more Bitcoin for customers to withdraw, and suggested it was because the Bitcoin did not actually exist as SBF was just letting customers buy notional or imaginary tokens rather than Bitcoin. SBF responded by saying, “I believe that what you’re saying is part of what happened.”


Crypto Currency Warning: Coinbase Cuts Off 25K Russian Wallets!
Coinbase announced that they have shut down 25,000 wallets belonging to Russian customers. This announcement should blow the lid off of any idea that cryptocurrencies are a “safe haven” because they are dependent upon the frail technology where they are stored, and they are subject to tyrannical governments



China Declares Virtual-Currency Transactions Illegal, Sends Crypto Prices Tumbling
China has tried to ban cryptocurrencies before, ordering third-party payment providers to stop using bitcoin, banning token sales and crypto exchanges, and outlawing mining, but it has failed. China is aggressively clearing the runway for its own central bank digital currency that tracks all transactions.



In a World First, El Salvador Makes Bitcoin Legal Tender
El Salvador’s legislature voted this week to accept Bitcoin as legal tender alongside the US dollar, which is the country’s official currency. Critics say that El Salvador’s acceptance of a competing currency is a hedge against the US dollar that has massively increased its money supply, which will cause inflation.

