Bitcoin, Ether Tumble As China’s Crypto Crackdown Continues

https://www.nationandstate.com/2021/06/21/bitcoin-ether-tumble-as-chinas-crypto-crackdown-continues/
Bitcoin, ether and most other crypto tokens tumbled to their lowest levels in more than a week Monday morning as more FUD out of China appeared to rattle traders. To wit, bitcoin, the biggest cryptocurrency by market valuation, touched its lowest level in more than two weeks…

On Bitcoin: Mt. Gox – Wikipedia

https://en.m.wikipedia.org/wiki/Mt._Gox

Mt. Gox was a bitcoin exchange based in Shibuya, Tokyo, Japan.[1] Launched in July 2010, by 2013 and into 2014 it was handling over 70% of all bitcoin (BTC) transactions worldwide, as the largest bitcoin intermediary and the world’s leading bitcoin exchange.[2][3][4][5]

In February 2014,

Mt. Gox suspended trading

, closed its website and exchange service, and filed for bankruptcy protection from creditors.[6][7] In April 2014, the company began liquidation proceedings.[8]

Mt.
Gox announced that approximately 850,000 bitcoins belonging to
customers and the company were missing and likely stolen, an amount
valued at more than $450 million at the time.[9][10]
Although 200,000 bitcoins have since been “found”, the reasons for the
disappearance—theft, fraud, mismanagement, or a combination of
these—were initially unclear. New evidence presented in April 2015 by
Tokyo security company WizSec led them to conclude that “most or all of
the missing bitcoins were stolen straight out of the Mt. Gox hot cryptocurrency wallet over time, beginning in late 2011.

“This Has To End”: California Landlords Call For End To Eviction Moratorium

https://www.nationandstate.com/2021/06/18/this-has-to-end-california-landlords-call-for-end-to-eviction-moratorium/
“This Has To End”: California Landlords Call For End To Eviction Moratorium Authored by Vanessa Serna via The Epoch Times (emphasis ours), Some California landlords are pleading with state and local governments to end the eviction moratorium on rental properties as planned June 30, rather than extending it. Dan Faller, founder and chairman of the…

Lordstown Shares Plunge After CEO Steve Burns Resigns, Company Admits “Inaccurate” Pre-Order Disclosures

https://www.nationandstate.com/2021/06/14/lordstown-shares-plunge-after-ceo-steve-burns-resigns-company-admits-inaccurate-pre-order-disclosures/
Lordstown Shares Plunge After CEO Steve Burns Resigns, Company Admits “Inaccurate” Pre-Order Disclosures Shares of Lordstown Motors were hit in pre-market trading on Monday morning after Chief Executive Officer Steve Burns and Chief Financial Officer Julio Rodriguez resigned from the company, following the results of an internal investigation catalyzed by allegations by short seller Hindenburg…

Subprime Auto-Loan Delinquencies, Which Had Exploded, Plunged after Stimmies. These Folks Are Now on Buyers’ Strike | Wolf Street

https://wolfstreet.com/2021/06/12/subprime-auto-loan-delinquencies-which-had-exploded-plunged-after-stimmies-but-these-folks-are-now-on-buyers-strike/
Investors in subprime auto-loan Asset Backed Securities should be genuflecting in front of US taxpayers to thank them for the backdoor bailout.

The Fed’s Sneaky Plot, by Charles Hugh Smith | STRAIGHT LINE LOGIC

https://straightlinelogic.com/2021/06/11/the-feds-sneaky-plot-by-charles-hugh-smith/

The Fed is quietly taking control of more and more of the financial system and the economy. From Charles Hugh Smith at dailyreckoning.com:

For the past 22 years, every time the stock market whimpered, wheezed or whined, the Federal Reserve rushed to soothe the spoiled crybaby. There are two consequential results of the Fed as savior:

1. The Fed has perfected moral hazard: everyone from the money manager betting billions to the punters gambling their stimmy money is absolutely confident I can’t lose because the Fed will always push the market higher…

2. Organic (i.e. non-manipulated) market forces have been extinguished. There is now only one consequential force, the Fed. All markets are now 100% dependent on the Fed responding to every bleat from every punter who’s recklessly risky bet is about to go bad.

The Fed is now the perfect union of quasi-religious savior and Helicopter Parent: oh dear, our little darling got high and crashed the Porsche? Quick, let’s save our precious market from any consequences!

Bitcoin: El Salvador makes cryptocurrency legal tender – BBC News

Comment by tonytran2015: Bitcoin can thus be used to pay tax in El Salvador. But what is the official conversion rate when paying taxes? Who might bail out the Central Bank of El Salvador ?

https://www.bbc.com/news/world-latin-america-57398274

Congress approved President Nayib Bukele’s proposal to embrace the
cryptocurrency, with 62 out of 84 possible votes on Tuesday night.

Bitcoin jumps after El Salvador says it’ll start accepting it as legal tender – CNN

Comment by tonytran2015: Bitcoin can thus be used to pay tax in El Salvador. But what is the official conversion rate when paying taxes? Who might bail out the Central Bank of El Salvador ?

https://edition.cnn.com/2021/06/10/investing/bitcoin-price-el-salvador-intl-hnk/index.html

Cryptoqueen: How this woman scammed the world, then vanished – BBC News

Comment by tonyttan2015: A chilling story of real life tullip mania got taken over by the underworld.

https://www.bbc.com/news/stories-50435014

… According to Bjercke, Dr Ruja never expected OneCoin to grow so big. People involved at the early stages have told him it was never supposed to be a
billion-dollar scam. She tried to close it down, he says, but the dark forces wouldn’t let her.
“Once OneCoin was running above 10 million, 20 million, 30 million, something
happened where she was unable to stop it,” Bjercke says.
“I think she was so scared in the fall of 2017 that she decided to skip.”

…the US Department of Justice claims to have evidence of a link between
Dr Ruja’s brother and “significant players in Eastern European organised crime”.