Rumors of expanding war, massive inflation destroying people’s purchasing power, and widespread volatility in the world of fiat money have shaped the news this past week with similar dynamic developments in the cryptocurrency world. Robert Kiyosaki, author of “Rich Dad, Poor Dad,” stated that “the end has come” for counterfeit money. In addition to this, here is the latest Bitcoin.com News Week in Review.
The U.S. dollar tramples the euro, pound, and yen, while the Russian ruble soars against the greenback
While the U.S. dollar soared against a basket of global fiat currencies, the Russian ruble rose 4.5% against the greenback last week; in the first week of September, Russia told the press that China would pay for natural gas in rubles and yuan. Additionally, Swiss imports of Russian gold reached their highest level since April 2020.
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Report Gap Between Official Ethiopian Currency Rate and Parallel Market Exchange Rate Widens to Record High
The parallel import rate of the Ethiopian currency against the U.S. dollar was reported to have recently fallen to a low of 92 birr to the dollar. The report added that the gap between the official exchange rate of the Biri and the parallel market exchange rate has widened to a record high following this sharp decline.
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Robert Kiyosaki on the End of Fake Money – 3 Lessons to Help Investors Amid Market Crash
After predicting the crash, Robert Kiyosaki, best known as the author of the bestselling “Rich Dad, Poor Dad,” says the “end is here” for fake money. He reiterated three lessons for investors to “do well in a market crash.”
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South Korea Seeks Freeze of 3,313 Bitcoins Allegedly Related to Luna Founder Do Kwon
South Korean prosecutors are seeking to freeze 3,313 bitcoins on two cryptocurrency exchanges allegedly linked to Luna founder Do Kwon. The coins were moved shortly after a South Korean court issued an arrest warrant for the co-founder of Terraform Labs.
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