The other companies mentioned in this article are Coinbase (was available on Linqto prior to its IPO), Dapper and Ripple. Shares of Dapper Labs and Ripple are still available, but not for long. (2/4)
You can also transfer IRA money to Linqto to invest. I encourage you to apply for Accredited Investor status on Linqto, if you have $1 million in assets outside of your home. If you aren’t at Accredited level yet, no worries, I am confident you will get there. (3/4)
Use my (affiliate) link to get a $250 credit toward your investment. They also have special incentives from time to time, like bonuses of XRP. To invest like VC's, click here: linqto.com/signup?r=e9tdh…
(4/4)
🧵The European Central Bank (ECB) wants to get crypto regulations going because of financial stability concerns. Tether and Bitcoin are in its crosshairs.
It specifically mentioned Tether, and is concerned in case of "large scale sales of these assets" that could "generate instability throughout the commercial paper market." 2/6
Along with KYC and anti-money laundering requirements, it recommends greater disclosure of reserve assets backing Stablecoins. Hint: Tether. 3/6
For the first time ever, the US Treasury just sanctioned (Russian) bitcoin miners. They are the 3rd largest miners in the world. They did it because they are afraid that Russia will try to get around sanctions by using Bitcoin. home.treasury.gov/news/press-rel…
Thread (1/5)
According to the article: “The sanctions on BitRiver could have an impact far beyond the crypto mining industry in Russia, by potentially redistributing & reducing the computing power for Bitcoin mining across the globe…” (2/5)
A similar thing happened to Netflix. The suspension of service in Russia led to the loss of over 700,000 subscribers. It made it predictable the stock price would eventually crash. Netflix has lost $40B in market cap. Now a similar massive reduction may happen to Bitcoin. (3/5)
Thread: I could foresee a scenario where Russia stops delivering gas, because Russia refuses to accept "unfriendly" currency, the Euro and dollar, and demands rubles. The contracts state payment is to be in Euros & dollars. Putin is firm on this. (1/5)
The G7 countries say the contracts cannot be altered:
“The feeling is one I have had since the beginning, that it is absolutely not simple to change the currency of payments without violating the contracts,” Draghi said. (2/5) tinyurl.com/ys4588kv
To be clear, the US and EU want to pay in their currencies and Russia wants rubles. They are at an impasse. Arbitration would take months, according to articles. (Creates a problem) (3/5)
Thread: Hey @JohnEDeaton1, I think you will find this interesting evidence for the SEC vs. Ripple. I did!
I was looking at a currency exchange app and downloaded this one. ⬇️ (1/4)
Under currencies, they had a section for "Virtual Currency". It was alphabetical, starting with ADA.⬇️ (2/4)
I scrolled down, and lo and behold, XRP was listed alphabetically as a "virtual currency." ⬇️ (3/4)
Thread: Vladimir Putin just sent the final blow to the dollar & euro, which, imo, will now FORCE adoption of XRP as the global bridge currency.
Today, Putin announced he will only accept rubles for gas sales to "unfriendly nations".⬇️ tinyurl.com/2ubkj8se
(1/5)
He refused to accept payment in "compromised currencies", including euros and dollars. "He stressed that future changes in gas contracts with unfriendly countries will only affect the currency of payment - it will be changed to the Russian ruble." (2/5)
"The Finance Ministry and the Central Bank within a week should determine the procedure for the purchase of rubles on the domestic market by importers of Russian gas." Problem is, rubles are hard to get and the EU needs a lot bc it uses a lot of gas. (3/5) tinyurl.com/5bkm6mtz
Are Central Bank Digital Currencies (CBDCs) almost ready? Would a war or cyberattack cause the speeding up of CBDCs? Why did the US President issue an EO the same day that Dubai passed a digital asset law? Are they being rolled out regionally? (1/10) tinyurl.com/58msebs6
This article from Oct. 2021 states that 110 countries are looking into CBDC's: tinyurl.com/y74c98kk
It also says the National Bank of Ukraine was reportedly testing a CBDC on the Stellar blockchain, but the launch date was unknown (Ukraine? Hmm, that's interesting). (2/10)
Also, it says Ripple and Stellar were forming CBDC's. Ripple partnered with Bhutan to trial a CBDC. "It also piloted a private version of its XRP Ledger designed specially for central banks", once again confirming a private central bank ledger. (3/10)