New LUNA records gains amid controversy, “Big Short” investor Michael Barry and author Robert Kiyosaki weigh in on recession, depression and looming civil war. In addition, the CEO of Bank of America said, “We have hundreds of patents on blockchain,” but regulations are preventing them from getting involved in crypto. This is a bite-sized digest of the week’s hottest stories from Bitcoin.com News. Let’s dig in.
Bank of America CEO: We Have Hundreds of Blockchain Patents – But Regulation Won’t Allow Us to Engage in Crypto
Blockchain Patents – But Regulation Won’t Allow Us to Engage in Crypto.
The CEO of Bank of America says his bank has hundreds of blockchain patents, but regulation won’t allow us to engage in crypto.” The reality is that regulation does not allow you to do that.” He said.
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Robert Kiyosaki of “Rich Dad, Poor Dad” warns of stock and bond crash – Depression and civil war coming
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Robert Kiyosaki predicted the coming of the Depression and civil unrest. He also warned of a stock market and bond market crash.
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“Big Short” investor Michael Barry warns of a looming consumer recession and more earnings problems
Hedge fund manager Michael Burry, who famously predicted the 2008 financial crisis, warns of a looming consumer recession and further earnings deterioration. He cites declining U.S. personal savings and record revolving credit card debt despite trillions of dollars of stimulus.
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While LUNA’s new record sells, Do Kwon’s Terraform Labs is plagued by controversy and accusations
Do Kwon and Terraform Labs continue to be plagued by controversy as tokens rise for 24 hours. Additionally, an older token, Lunar Classic (LUNC), has seen its value rise as crypto assets have increased by over 70%.
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