Crypto Takedown Accelerates as World’s Largest Cryptocurrency Exchange Binance Sued by U.S. Government

It is looking more and more each passing day that the U.S. financial system is speeding into a consolidation of the Big Banks, as their war against cryptocurrencies appears to be now accelerating. It was announced today that Binance, the world’s largest cryptocurrency exchange, along with their Chief Executive Officer Changpeng Zhao, are being sued by the US Government. The lawsuit was filed by the US Commodity Futures Trading Commission for "Willful Evasion of Federal Law and Operating an Illegal Digital Asset Derivatives Exchange." This follows a report last week, that Coinbase, the largest cryptocurrency exchange in the U.S., is also being threatened with a lawsuit by the Securities and Exchange Commission. With the Davos Crowd's financial system on the brink of ruin, they are doing everything they can to stop of the flow of bank runs and the exit of cash from their banks, such as into cryptocurrencies. How much longer can the Davos Crowd keep propping up their failing banks? Swiss Banks were once considered the safest place to stash wealth by the "elites" of Western Culture. But now some are calling Switzerland a "Banana Republic" after the raid on pension funds and the collapse of Switzerland's second largest bank.

New York Federal Reserve Bank Announces Test of Digital Dollar with Major Banks

Here we go. In just one week since the fall of FTX and the upheaval of the private cryptocurrency world, the New York Federal Reserve announced today that it was starting a trial run of a "digital dollar" with several major banks. I expect that the plans to move towards a Central Bank Digital Currency will pick up speed now, using the FTX scandal as an excuse to start regulating all digital currency. This is another step towards The Great Reset.

Here Are All The Funds That Are About To Lose $BILLIONS In FTX

Now that the world's largest crypto exchange, Binance, has walked away from a bailout of world's second-largest crypto exchange, FTX, but biggest ever crypto fraud - far bigger than MtGOX ever was, here is a list of all the "luminary" investors whose money in FTX is now gone... all gone.

Crypto Currency Billionaire Loses Fortune Almost Overnight as Crypto Ponzi Business Exposed – The Beginning of the Great Reset?

November 8, 2022 will obviously be remembered in history as the day of the U.S. mid-term elections, but could another event that happened yesterday eclipse even the national elections? Earlier this year I warned that cryptocurrencies were NOT safe havens to protect financial wealth, when Coinbase, the largest US crypto exchange service, announced that they had cut off 25,000 Russian wallets. As I noted then, I have never felt comfortable putting major resources into cryptocurrencies for several reasons, the most obvious one being that it is dependent upon “the system,” which requires, among other things, electricity and a working Internet. New problems with cryptocurrencies were exposed yesterday, when the equivalent of a "bank run" happened when crypto exchange FTX saw $6 billion of withdrawals in a 72-hour span, resulting in them reportedly stopping the process of withdrawals yesterday.  Some big investors, including Blackrock and celebrity athletes including Stephen Curry and Tom Brady, were heavily invested in FTX. Sam Bankman-Fried, once featured on the cover of Fortune Magazine as potentially the next "Warren Buffet," and has now reportedly lost 94% of his $16 billion fortune, may be better compared to Bernie Madoff, as ZeroHedge News found an interview he did a few months ago where he admitted that crypto yield farming is basically a Ponzi business. The big question now is when will the other big Ponzi scheme rupture, the New York Stock Exchange, sending the U.S. and probably the rest of the world into financial ruins and usher in the Great Reset?

Crypto Currency Crash: $300 Billion in Market Value Lost Last Week

Crypto was in full-blown crash mode last week, wiping out more than $300 billion in market value. TerraUSD, a so-called stablecoin that is supposed to trade at a “stable” $1 value, crashed to a few cents on the dollar. Its sister cryptocurrency, Luna, likewise imploded. Then there was Bitcoin, which Warren Buffett has called “rat poison squared.” Bitcoin plunged further last week and is now down more than 30 percent year-to-date. So much for the hype that it would be an inflation hedge like gold.

Crypto Currency WARNING! Coinbase Cuts Off 25K Russian Wallets!

I have a digital wallet and have explored digital currencies in the past. But I have never felt comfortable putting major resources into cryptocurrencies for several reasons, the most obvious one being that it is dependent upon "the system," which requires, among other things, electricity and a working Internet. That alone is cause for red flags, but today the whole world can now know that cryptocurrencies are NOT a safe haven, as Coinbase, the largest US crypto exchange service, announced that they have cut off 25,000 Russian wallets. Apparently Binance will be doing the same thing. This follows news yesterday that Bitcoin and other cryptocurrencies lost value after reports "that President Joe Biden is set to sign a long-awaited executive order this week that will outline the U.S. government’s strategy for cryptocurrencies."