Daily Crypto NewsEDITION #604, 04 October 2022

The FED is shitting on us, but regulation will save us...

Hey Moni Maker ✍🏻

Today is Cinnamon Bun Day in Sweden. It's an exciting thing about humanity. Someone rejoices in buns and someone else's grief. Some build decentralized finance, and some build CBDC... in our case, we have to make a choice, you know what we mean, right? 

Let's go! 

Yesterday we promised to write about the Fed speech, but, as befits cryptocurrency, we did;t do it. Why? Because the Fed's "emergency" meeting didn't really mean anything. Forget it, but there were some interesting points btw. 

First, the U.N. urged the Fed to stop raising rates. 

Second, U.S. President Biden's administration urged Congress to quickly pass a regulatory framework for cryptocurrencies and digital assets. 

Why? Because the U.N. report, in simple terms, says that the Fed has screwed the pooch and needs to do something about it. And crypto needs to be regulated because investors could be in great danger because of such delays. 

And yes, the UN is predicting a global recession. And yes, emerging countries will suffer. First, the standard of living will start to fall very much, and so on. 

So let's stock up on popcorn... oops, no money for popcorn. Okay, we just wait and pray. 

In the beginning of 2022, the SEC rolled out the case against Kim Kardashian for the shitcoin shilling. The case: 

- There was the EMAX coin. Ethereum Max. 

- Mayweather, Pierce, and Kim Kardashian were shilling it. 

- On May 31, 2021, it rolled up 97% of its price - from $0.000000597636 to $0.000000017659. 

And now Kim will pay $1,26 million as a charge. 

DUMP - is failing market or coins. For example, Bitcoin fell 40%. This is a dump.

And more you can find in our Glossary!

– "Bitcoin has while the dollar has fallen, this proves its financial security" - Robert Kiyosaki strengthened

– Swiss bank Credit Suisse loses sustainability - insider rumors

– The Gate io project has launched a commission-free event with a $1 million prize

– The number of users of crypto mixer Tornado Cash halved due to U.S. sanctions

– ​Project Transit Swap hacker recovered $14.2 million

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