Connect with us

Crypto news

Historic Crash On Horizon! Robert Kiyosaki Says Invest in Crypto!

Published

on

Historic Crash On Horizon! Robert Kiyosaki Says Invest in Crypto!

Bitcoin, which was maintaining its price levels above $22,000 for a while now, has lost that crucial area. The main reason for this is the recent release of August’s Consumer Price Index (CPI) data, which is indicating 8.3% year-on-year.

Experts were anticipating an 8.1% figure, and thus, this increased stat has come as a shock for the entire crypto space. 

US CPI for August YoY coming in above expectations at 8.3% (expected 8.1%) but lower than in July with 8.5%.

MoM core CPI coming in hot at
0.6% twice as high as the expected 0.3%.

Not what the Fed wants to see.

Advertisement

So 75bps it is at the next meeting?

— Jan Wüstenfeld (@JanWues) September 13, 2022

Now, it’s important to see how the Federal Reserve reacts regarding increasing the interest rates.

Meanwhile, Robert Kiyosaki, author of the Rich Dad Poor Dad and financial expert, continues with his prediction that one of the largest crashes in history is about to take place. This is the reason he is advising everyone to grab cryptocurrencies before they overtake the US Dollar.

Everyone Must Invest in Crypto

Though Robert is forecasting a massive bear cycle, he also claims that this is the time for investors to accumulate and claim returns later. He indicates that in the upcoming crash, the US dollar will pull down the entire economy, prompting the worldwide acceptance of cryptocurrencies. 

Advertisement

He goes on to say that this is not the time for want, it’s a need- everyone should enter the crypto space before it’s too late.

He continues to release his prediction on Twitter. The link below is an example of one such tweet, in which he claims that a market crash is on its way indicating a price drop for stocks, Bitcoin, gold, silver and real estate.

2008 was great time to get rich. Everything went on sale. Borrowed millions of dollars buying real estate bargains. 2013 I published Rich Dads Prophecy predicting BIGGER crash coming. THAT CRASH is HERE. Millions will be wiped out. Pls do not be one of them. Time you get richer.

— therealkiyosaki (@theRealKiyosaki) August 28, 2022

After examining how Bitcoin and other cryptocurrencies have plunged along with stocks and other risky assets and with today’s CPI data release, it appears as if Robert Kiyosaki’s prediction might turn out to be true.

Was this writing helpful?

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

Advertisement
  • Website
  • Facebook
  • Twitter
  • LinkedIn

Crypto news

South Korea Court Dismiss Arrest Warrant Against Terra General Head of Affairs, Yoo Mo

Published

on

South Korea Court Dismiss Arrest Warrant Against Terra General Head of Affairs, Yoo Mo

Yoo Mo, the head of general business operations of Terraform Labs, had an arrest warrant issued for him, but the Seoul Southern District Court judge in South Korea dropped it because it wasn’t necessary to keep him in custody.

Do Kwon the terra co founder who is wanted by the interpol and more than 194 nations for allegedly breaking South Korean capital markets regulations is reported missing.Yoo was a “essential aide” to Terra founder Do Kwon, according to local press reports.Yoo was also accused of breaking the nation’s Capital Markets Act.

The algorithmic stablecoin UST, which lost its peg to the dollar and caused the Terra ecosystem to collapse in May, had its price artificially boosted and deflated by Terra.

Yoo Mo set free

According to  SBS and Yonhap News, Yoo is no longer wanted for arrest despite all his allegation The arrest warrant was notable because it was the first arrest of its kind in the fallout of Terra’s collapse. Do Kwon himself still remains at large, though the infamous founder said last month that he is not “on the run.”

Advertisement

South Korean authorities have kept up their pressure on the founder of Terra and LUNA, declaring on Thursday that Kwon must hand up his passport to the cops. If Kwon declines, his passport will expire in two weeks.

On a tweet,Kwon, who has been largely quiet since Terra’s meltdown, came online to refute rumors that the 3,313 Bitcoin that South Korean prosecutors had frozen belonged to him.

‘I have no idea whose money has been frozen’, but Kwon wished them well and hoped they would put it to good use.

According to the time of writing  Terra is currently trading at $0.0002856. In the last 24 hours it has traded as low as $0.0002837 and as high as $0.0003046. The trading volume is $291,576,585 while the market capitalization is $1,969,113,668. 

Due to this news LUNC is set for higher prices but investors are advised to exercise caution since the  market may be volatile.

Advertisement

Was this writing helpful?

Continue Reading

Crypto news

Atlanta Fed CEO Supports Fed’s Hawkish Movement! Will Crypto Market See New Lows?

Published

on

Atlanta Fed CEO Supports Fed’s Hawkish Movement! Will Crypto Market See New Lows?

The crypto market’s performance for the year 2022 has largely been impacted by Federal Reserve’s interest rate hikes due to increasing inflation. While the Federal Reserve continues with its rate hikes, the cryptocurrencies, especially Bitcoin, are facing the heat.  However, amidst unfavorable macroeconomic conditions, the crypto market has not yet hit new lows, instead the currencies are struggling to rise.

Meanwhile, the president and CEO of Atlanta Fed, Raphael Bostic is of the opinion that the struggle to raise the odds of inflation rate is still at the entry level.

At the time of reporting, Bitcoin is valued at $20,129 with a drop of 0.31% over the last 24hrs. Whereas Ethereum, the second largest cryptocurrency is trading at $1,365 after a surge of 1.15% in the past day.

World Bank Warns Against Recession

Also, the OPEC’s (The Organization of the Petroleum Exporting Countries) has planned to reduce oil production so that the petrol price is increased. This move is expected to influence higher inflation.

Advertisement

It’s a known fact that the Fed’s decision to increase the interest rates has negatively impacted the crypto market and other traditional markets. Yet, Bostic believes that the Fed is still in the early stage in terms of fighting inflation. As per the president, the Fed should continue its hawkish move and increase another 150 bps by the end of 2022

On the other hand, the World Bank and the United Nations have issued a warning at the Central banks against upcoming recession

Was this writing helpful?

Delma Wilson

Delma is a B2B Content Marketer, Consultant, Blogger in the field of Blockchain, and Cryptocurrency. In her spare time, she loves to blog, play badminton and watch out ted talks. She likes pets and shares her free time with NGO.

  • Facebook
  • Twitter

Continue Reading

Crypto news

Elon Musk To Acquire Twitter! Till What Extent Will “Free Speech” Be Permitted?

Published

on

Elon Musk To Acquire Twitter! Till What Extent Will “Free Speech” Be Permitted?

In April, Tesla founder Elon Musk signed a contract to buy Twitter but backed out in July due to a reported lack of details on bots and spam accounts. This move by Elon Musk forced Twitter to take legal action against Musk.

However, after fighting a legal battle for months, it looks like Elon Musk has finally decided to acquire the firm at its original price of $54.20 per share.

This has brought mixed reactions from the public. A few believe that Twitter will find stability under his surveillance, while others claim that he might allow dangerous voices like Donal Trump to return.

Earlier in April, Elon Musk had claimed to make a few changes related to free speech, getting rid of spam bots, fake accounts and many more.

Advertisement

Elon Musk’s main focus would be the social media giant’s spam bot accounts. In a TED talk in April in Vancouver, he claimed that if he goes ahead with the Twitter acquisition, he would first eliminate spam and bot accounts.

Elon Musk said these spam and bot accounts make any product worse and that he “will either defeat spam bots or die trying.”

Freedom Of Speech

Earlier in April, Elon Musk had raised support for free speech as he had asserted that even his worst critic should remain on Twitter and said that is the true meaning of free speech. This stance by Musk could also mean the return of Donald Trump, former US president, who was banned for his post on the US Capital riot on Jan 6, 2021.

Algorithmic Access

Next, Musk had also spoken about making Twitter’s algorithm accessible to the public and had even made a poll which received one million votes, and 82% of respondents voted ‘yes’ for the plan.

Though Elon Musk did not reveal his exact plan, it could mean software’s access for the open public to inspect and help improve the network.

Advertisement

The SpaceX founder had also spoken about the edit button and long tweets. However, recently the Twitter platform came up with an edit button feature even before Musk acquired it. 

Meanwhile, with Twitter agreeing with the terms it looks like the deal will be closed soon.

Was this writing helpful?

Continue Reading

Top posts

Sleuth Discovers Satoshi’s Long-Lost Bitcoin Version 0.1 Codebase, Raw Code Contains Bitcoin Inventor’s Never-Before-Seen Personal Notations Sleuth Discovers Satoshi’s Long-Lost Bitcoin Version 0.1 Codebase, Raw Code Contains Bitcoin Inventor’s Never-Before-Seen Personal Notations
1 million BTC3 hours ago

Sleuth Discovers Satoshi’s Long-Lost Bitcoin Version 0.1 Codebase, Raw Code Contains Bitcoin Inventor’s Never-Before-Seen Personal Notations

On October 7, 2022, a bitcoin supporter named Jim Blasko explained that he discovered the oldest upload of Bitcoin’s version...

Bankruptcy Court Publishes 14,000 Pages Of Celsius Customer Usernames And Trade History Bankruptcy Court Publishes 14,000 Pages Of Celsius Customer Usernames And Trade History
Alex Mashinsky8 hours ago

Bankruptcy Court Publishes 14,000 Pages Of Celsius Customer Usernames And Trade History

The crypto community is upset about a recent discovery stemming from the Celsius bankruptcy case as a court filing has...

Chiliz [CHZ] on-chain metrics to consider before going long this week Chiliz [CHZ] on-chain metrics to consider before going long this week
Altcoins9 hours ago

Chiliz [CHZ] on-chain metrics to consider before going long this week

CHZ is among the cryptocurrencies that have delivered the most gains recovering from June lows. It just concluded a 25%...

EU Bans Crypto Services For Russians In New Sanctions Over Ukraine Escalation EU Bans Crypto Services For Russians In New Sanctions Over Ukraine Escalation
annexation10 hours ago

EU Bans Crypto Services For Russians In New Sanctions Over Ukraine Escalation

An array of crypto-related services have been targeted in the latest round of sanctions on Russia approved by the EU....

The Hideaways Confirms Another Price Rise! Will Dogecoin Explode In 2023? Will LUNA Explode In 2023? We Take A Look At All 3 Projects. The Hideaways Confirms Another Price Rise! Will Dogecoin Explode In 2023? Will LUNA Explode In 2023? We Take A Look At All 3 Projects.
Uncategorized10 hours ago

The Hideaways Confirms Another Price Rise! Will Dogecoin Explode In 2023? Will LUNA Explode In 2023? We Take A Look At All 3 Projects.

The weekend was good so far for Dogecoin (DOGE) holders as DOGE price surged to make a new weekly high....

Why This Coin Is Still Attracting Terra (LUNA) And LUNA Classic (LUNC) Investors Why This Coin Is Still Attracting Terra (LUNA) And LUNA Classic (LUNC) Investors
Terra10 hours ago

Why This Coin Is Still Attracting Terra (LUNA) And LUNA Classic (LUNC) Investors

Over the last few weeks, the performance of the Terra (LUNA) and LUNA Classic (LUNC) coins has been very volatile....

Will This Coin Be The Ethereum (ETH) And Ripple (XRP) Killer? Read More Will This Coin Be The Ethereum (ETH) And Ripple (XRP) Killer? Read More
Bitgert10 hours ago

Will This Coin Be The Ethereum (ETH) And Ripple (XRP) Killer? Read More

If you have been around the crypto market for a while now, you must have come across Bitgert (BRISE). The...

Artificial Intelligence Market Size To Reach US$407 Billion By 2027 Artificial Intelligence Market Size To Reach US$407 Billion By 2027
Latest News11 hours ago

Artificial Intelligence Market Size To Reach US$407 Billion By 2027

The artificial intelligence market size is driven by big data, cloud applications, and services Artificial Intelligence is inarguably the most...

Court filing ‘doxing’ Celsius users draws questions on KYC, bankruptcy processes Court filing ‘doxing’ Celsius users draws questions on KYC, bankruptcy processes
Bankruptcy11 hours ago

Court filing ‘doxing’ Celsius users draws questions on KYC, bankruptcy processes

Court filing ‘doxing’ Celsius users draws questions on KYC, bankruptcy processes Samuel Wan · 26 seconds ago · 2 min...

Best New Crypto To Invest In? The Hideaways Up 450% And Going Strong As LUNA And LUNC Drop Best New Crypto To Invest In? The Hideaways Up 450% And Going Strong As LUNA And LUNC Drop
Uncategorized11 hours ago

Best New Crypto To Invest In? The Hideaways Up 450% And Going Strong As LUNA And LUNC Drop

LUNA and LUNC’s prices surged again recently, creating new weekly highs before the market experienced a pullback. Investors have been...

Mortgage Interest Rates Today, October 7, 2022 | Rates Go Up Mortgage Interest Rates Today, October 7, 2022 | Rates Go Up
rates11 hours ago

Mortgage Interest Rates Today, October 7, 2022 | Rates Go Up

Advertiser Disclosure Jason Stauffer Jason Stauffer Staff WriterAdvertisement Jason Stauffer is a personal finance reporter who previously covered the housing...

Binance resumes BSC bridge operation after 2M BNB exploit Binance resumes BSC bridge operation after 2M BNB exploit
Exchanges11 hours ago

Binance resumes BSC bridge operation after 2M BNB exploit

Binance resumes BSC bridge operation after 2M BNB exploit Christian Nwobodo · 41 mins ago · 2 min read The...

Crypto Exchange Okx Blocked By Russia’s Telecom Watchdog Crypto Exchange Okx Blocked By Russia’s Telecom Watchdog
ban12 hours ago

Crypto Exchange Okx Blocked By Russia’s Telecom Watchdog

Russian media and communications regulator, Roskomnadzor, has restricted access to the website of a major cryptocurrency exchange, Okx. The trading...

Grifters rug over 60 ETH from spoof token created after Binance exploit Grifters rug over 60 ETH from spoof token created after Binance exploit
Binance13 hours ago

Grifters rug over 60 ETH from spoof token created after Binance exploit

Grifters rug over 60 ETH from spoof token created after Binance exploit Oluwapelumi Adejumo · 3 hours ago · 2...

CryptoSlate Daily wMarket Update – Oct. 6: Market turns red as BTC dips below $20,000 CryptoSlate Daily wMarket Update – Oct. 6: Market turns red as BTC dips below $20,000
Featured13 hours ago

CryptoSlate Daily wMarket Update – Oct. 6: Market turns red as BTC dips below $20,000

CryptoSlate Daily wMarket Update – Oct. 6: Market turns red as BTC dips below $20,000 Monika Ghosh · 3 hours...

Scammers Are Targeting Cryptocurrency Scam Sites To Hijack Their Targeted Audience Scammers Are Targeting Cryptocurrency Scam Sites To Hijack Their Targeted Audience
Best Practices14 hours ago

Scammers Are Targeting Cryptocurrency Scam Sites To Hijack Their Targeted Audience

Cryptocurrency scam sites are being targeted by other scammers to hijack their traffic and their possible earnings. A recently detected...

Fully funded Chevening Clore Leadership Scholarship 2023/2 Fully funded Chevening Clore Leadership Scholarship 2023/2
Scholarships14 hours ago

Fully funded Chevening Clore Leadership Scholarship 2023/2

A Fully funded Chevening Clore Leadership Scholarship 2023 is currently ongoing for qualified international students. This scholarship programme is aimed...

Fidelity Launches Ethereum Index Fund — Sees Client ‘Demand For Exposure To Digital Assets Beyond BTC’ Fidelity Launches Ethereum Index Fund — Sees Client ‘Demand For Exposure To Digital Assets Beyond BTC’
bitcoin etf16 hours ago

Fidelity Launches Ethereum Index Fund — Sees Client ‘Demand For Exposure To Digital Assets Beyond BTC’

A filing with the U.S. Securities and Exchange Commission has shown that Fidelity looks to launch an investment product known...

Trending

Free Bitcoin MiningEarn from $50 to $75 daily with just your phone