Daily Crypto NewsEDITION #244, 22 June 2021

Great Dump of China

Hey #Moni Maker 🔏

Today, in 1965, director Uwe Boll was born. Postal is one of his most famous works. In short, this is a movie based on the game in which a crazy dude wipes everyone in a row. Guts, blood, unjustified murders ... everything is exactly like in the crypto market right now.

Digest, do you have a tourniquet and iodine? Okay, then let's get started!

Forbid, lol what’s wrong

We respect the CCP as ourselves, really

Facebook's head of payments, David Marcus, commented on the recent mining bans in China.

So what?

Chinese FUD. Sounds! Why not describe today's events in this way in crypto textbooks?

Oh, yes! Then there will be 86 ... HODL (not financial advice)

Scamers are to blame for everything

:(

TSB, the UK-based banking institution, is planning to issue a ban on cryptocurrency purchases. Its customers are reporting an alarming number of fraudulent transactions associated with cryptocurrency institutions. According to the Telegraph, the bank will introduce this ban in the coming weeks. This action can leave more than five million customers without access to cryptocurrency exchanges.

A spokesperson alleged the ban will take the measure to protect its customers from probable frauds. The spokesperson declared:

“We take our obligation to protect customers extremely seriously and continually review merchants and websites with excessively high fraud rates.”

According to numbers from TSB, one in eight cryptocurrency purchases ends in a fraudulent action. This is a number much higher than what’s calculated for other transactions. Fraudsters and scammers use these platforms to fool customers and take control of their accounts, stealing their funds.

So what?

There are many scam schemes with crypto: from exchanges to “pouring”. Well, cryptocurrency is natural selection. As a rule, a person is not hacked, but he himself gives his money for the sake of profit or something else.

Maybe it's enough to mess with crypto?

Kiyosaki wants to touch the bottom