Category: Cryptocurrency

BRICSTether Launches on Azbit Exchange as an Alternative to USDT and the USD, Pegged to 7 Chinese Yuan ($1 USD) & Offering 10% PA

By CRYPTO PROMOTER

Introducing BRICST: A stablecoin to be an alternative to the USD and USDT, and pegged to the Chinese Yuan, offering 10% per annum returns.

What is BRICST?
BRICST is a cryptocurrency that aims to provide a stable and secure platform for transactions and investments in the BRICS region and beyond. BRICST is designed to solve the problems of volatility and instability that have plagued the cryptocurrency market since its inception.

1 BRICST = 7 Chinese Yuan.

BRICSTether Custodian, agrees to buy back any BRICSTether at 100% of its pegged price of 7 Chinese Yuan (approximately $1 USD currently)

It lists shortly on Azbit.com Exchange before launching on further exchanges afterwards, and you can purchase with crypto on Azbit.It’s paired with Bitcoin BTC.

Earn By Staking.
With our innovative staking program, you can earn interest on your coins simply by holding them. That’s right, you can earn up to 5% interest for staking your coins for just 90 days or earn a whopping 10% for 12 months! And this is just the beginning – we’re always looking for ways to reward our loyal holders and provide even more benefits.

BRICST INVESTS IN ASSETS!
At BRICST, we invest in a range of assets to create a stable and profitable portfolio. Our investment strategy includes the following:

Liquid assets.
Stocks
Gold and Silver commodities.
Crypto assets.
Real Estate.
BRICS Plus nations’ investment opportunities.
With this diversified approach, we aim to deliver strong returns and maximize growth potential.

*The % held in each asset allocation will vary subject to investment management decisions deemed appropriate for the best asset protection and liquidity requirements of the currency*

HOW TO BUY BRICST.
Buying BRICST is easy and straightforward. Here are the steps:

Step 1: Create a digital wallet that supports BRICST (preferably BRICSTX). You can use any of the popular wallets like MyEtherWallet, MetaMask, Trust Wallet, or BRICSTX. We recommend you use BRICSTX.

Step 2: Purchase Ethereum (ETH), Bitcoin (BTC), USDT, or USDC from any exchange that supports your local currency.

Step 3: Send your ETH or BTC to your digital wallet and exchange it for BRICST.

Step 4: Once you have purchased BRICST, you can store it in your digital wallet or use it for transactions and investments.

For the best experience, visit BRICSTX exchange and buy BRICST hassle-free with crypto or fiat currency.

Here’s what others had to say:

OYUN ZAMANI
Such a good feeling about this project

Muhammed Ataş
This project is really good

İbrahim Süleymanov
Great coin.

Original source: https://youtu.be/0vrZPoPx07k

SBF is a Criminal Who Installed a Backdoor on his Cryptocurrency Exchange to Fraudulently Move Billions of Dollars of his Customer’s Money to his Personal Trading Account

SBF is a criminal who installed a backdoor on his cryptocurrency exchange to fraudulently move billions of dollars of his customer’s money to his personal trading account.

Tens of millions of cryptocurrency investors are getting red-pilled right now as they watch the corporate media and U.S. politicians bend over backwards to protect a con man.

Resources:
https://t.me/KanekoaTheGreat/6032
https://twitter.com/RepMaxineWaters/status/1598693811252875264?s=20

Australian National Review Founder Says he Believes Like Others that only “Asset Backed Cryptos Have a Future”

Peter Schiff warns of ‘crypto extinction’.
The dire prediction comes amid a broad slide in digital currencies.
There is no value in cryptocurrencies and investors should sell their digital assets before they become worthless, prominent crypto-sceptic Peter Schiff has suggested.
As economists sound the alarm over a so-called “crypto winter” amid the massive drop in the value of digital coins after the collapse of the FTX exchange, Schiff insists that this is not an accurate term to describe the situation.
“This is not a #crypto winter. That implies spring is coming. This is also not a crypto ice age, as even that came to an end after a couple of million years,” the CEO and chief global strategist at Euro Pacific Capital wrote on Twitter. “This is crypto extinction.”
The veteran stockbroker and gold enthusiast also mentioned that bullion “will rise again to lead a new breed of asset-backed cryptos.”
Schiff has frequently been critical of cryptocurrencies, maintaining that Bitcoin is a massive speculative bubble that will implode, and people who are buying it now will be left with a worthless asset. In February, he warned that the top cryptocurrencies could lose all of their value before the end of the year.
When Bitcoin hit $50,000 per token in 2021, Schiff said that “while a temporary move up to $100K is possible, a permanent move down to zero is inevitable.”

Bitcoin has sunk around 75% since reaching its all-time high of nearly $69,000 in November 2021, while more than $2 trillion has been wiped off the value of the entire cryptocurrency market. The collapse of FTX, one of the world’s largest cryptocurrency exchanges last month, continues to send ripples across the industry. On Friday, Bitcoin was trading at $16,719 per coin.

Australian National Review Founder, and advisor and investor in TruthGroup, said he agrees that only asset backed cryptos have a solid future.
He said that’s why he has advised TruthGroup to acquire a large stake in the listed Truthcoin crypto currency, which listed at $0.20 cents last July on Azbit exchange, to back the 400 million coins, with 400 million TruthGroup shares to make it asset backed.

He said a decision on if they will, will most likely occur in the first quarter of 2023.

 

READ MORE:
FTX execs plead guilty to fraud charges

The collapsed crypto exchange’s co-founder Gary Wang and former Alameda Research CEO Caroline Ellison are reportedly cooperating with investigators

Two associates of former FTX chief executive Sam Bankman-Fried have pleaded guilty to criminal charges related to the collapse of the cryptocurrency exchange, US Attorney Damian Williams revealed on Wednesday.

He said that former FTX chief technology officer Gary Wang and former Alameda Research CEO Caroline Ellison were cooperating with the Justice Department’s investigation.

Ellison (28) ran the crypto hedge fund Alameda Research, which was a subsidiary of FTX. She had previously worked with Bankman-Fried at Jane Street and was reportedly his girlfriend at times.

According to her plea agreement, which was cited by Business Insider, Ellison faces seven charges that collectively carry a maximum prison sentence of 110 years. Those include conspiracy to commit wire fraud, securities fraud, and commodities fraud. She also faces a charge of conspiracy to commit money laundering.

Meanwhile, Wang (29) was Bankman-Fried’s college roommate at the Massachusetts Institute of Technology, with whom he later cofounded FTX in 2019. Wang pleaded guilty to conspiracy to commit wire fraud, commodities fraud, and securities fraud.

The charges were released the same Wednesday night that Bankman-Fried was extradited from the Bahamas and landed back in New York, where he faces eight federal criminal charges from the same prosecutors who accepted plea deals from Ellison and Wang.

Bankman-Fried is suspected of defrauding investors out of nearly $2 billion. According to the US Securities and Exchange Commission (SEC), the fallen crypto billionaire concealed both risks and FTX’s relationship with its trading firm, Alameda Research, and used commingled customer funds.

He also diverted billions of dollars of customer funds to help grow his other entities. Alameda Research was reportedly allowed to carry a negative balance on FTX and was exempt from the exchange’s risk protocols.

According to the SEC complaint, Bankman-Fried personally directed that FTX’s “risk engine” not apply to Alameda and hid the extent of the ties between the two companies from investors.

The SEC also charges that, as late as last month, Bankman-Fried was continuing to mislead investors while trying to fill a multi-billion-dollar hole in FTX’s balance sheet. It only stopped when FTX and Alameda filed for bankruptcy protection on November 11, the regulator said.

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Resources:
https://www.rt.com/business/568731-ftx-execs-plead-guilty-fraud/

BREAKING: Australian Citizens Can Only Access Bitcoin if they have Enough Social Credits – Report

By PAUL ADE

– According to a new law, Australian citizens need at least a 100 score of social credits before performing any digital transaction. This including crypto trading or accessing the web.

– The decision to implement a social credit points system for its citizens has generated an uproar, especially on social media.

The Australian government has devised a new policy to checkmate citizens’ access to cryptocurrency, especially Bitcoin. It has introduced a social credit system based on unique digital identifications before its citizens can access the web or perform any digital-related transactions.

In a shock move, Australian regulators recently launched what many economic analysts consider a communist-based policy. According to the new law, citizens must have 100 points of ID before using social media. Additionally, the Authorities will have access to residents’ accounts, including their private messages.

AUSTRALIA – Social credit introduced to acces the internet, via your digital ID.

Citizens need 100 points of identification to use social media & the police will have access to your accounts including private messaging.

Goodbye freedom. Hello tyranny.

pic.twitter.com/5nmxm0jhpA

— Bernie's Tweets (@BernieSpofforth) December 11, 2022

Also in China

Similarly, the Chinese government has censored the digital platforms used by its citizens to reward good citizenship and punish harmful activities. The idea behind this is that citizens must follow the rules and earn exclusive privileges. On the other hand, if a citizen is caught breaking the rules, like criticizing authorities on social media, the person is liable to face restricted movement or access to certain privileges.

For the Chinese government, this rule is mandatory. The communist party aims to create a nationwide program that will give the government access to citizens’ digital activities. In the case of Australia, the social credit system is a replica of the Chinese model. Authorities are likely to implement to restrict some liberties which residents currently enjoy.

Previously, using the digital ID in Australia was optional and was steadily rolled out to cover federal services like welfare, taxes, education, and health. For businesses, having a digital ID is mandatory. However, signing up for the digital ID involves citizens providing several details like a driver’s license, passport, and others.

Meanwhile, the policy has come under severe attack, with critics likening it to a digital dictatorship. Many opined that the meaning of freedom is lost once the government can access individuals’ accounts via digital ID. More importantly, with citizens’ social scores tied to their activities. Having a poor score means that a person could not unlock services like traveling, shopping, and even trading in cryptocurrency.

Social Credits and Crypto Trading

The Australian government’s decision to implement a social credit points system for its residents has generated an uproar, especially on social media among residents. Many express discomforts at allowing government officials access to their activities, especially social media.

The general concern about this move is the government’s undue invasion of privacy. It gives them a chance to hurt businesses and stiffen residents’ freedom. In addition, the consequence of needing a social credit score to access Bitcoin or any other crypto asset is restricting the growth of the nascent industry.

Unfortunately, Australian authorities have set bad precedence as many governments are already interested in adopting a digital ID system for their citizens. At a time when the vast majority of crypto enthusiasts want people to access digital assets wherever they reside around the globe, governments are making efforts to ensure that this doesn’t happen.

Original source: https://www.crypto-news-flash.com/breaking-australian-citizens-can-only-access-bitcoin-if-they-have-enough-social-credits-report/

Ukraine “Military AID” From USA — Was Invested in Crypto “FTX” By Ukraine!

By Inna | IWB

The sudden collapse of crypto exchange “FTX” and its Bankruptcy filing today, has revealed that FTX presently suffers from $10-$50 BILLION in liabilities with almost ZERO assets . . . and among those liabilities, are “investments” made by . . . . UKRAINE . . . .

At this early hour, it __appears__ that tens-of-billions in American “Military Aid” to Ukraine, which was allegedly to be used to fight Russia, was cash that Ukraine DID NOT use to fight Russia, but instead invested into FTX!

And, as you might guess from the Bankruptcy filing . . . . it now seems that all the money . . . is gone.

Yes, you read that correctly: Instead of using US Military Aid to fight Russia, Ukraine “invested” part or all of it, into FTX, and right now, it looks like all the money is gone.

Democrat Donations

Also at this early hour, it now also __appears__ that the Chief of FTX, Sam Blankman-Fried, was the #2 donor to the Democrats. He was only outspent by Soros himself!

It __seems__ Ukraine was receiving money from the US, Ukraine sent it to FTX, and FTX sent it to Democrats, who originally voted to send it to Ukraine. At this hour, it __appears__ to some observers, to be pure, criminal, money-laundering, and a criminal conspiracy to violate campaign finance laws.

It now seems to closely-watching observers that the kid burned his own company — and his own ass — just to make sure the Dems won the mid-term elections, and seems to have done it by pulling the rug out from all those that had funds there in FTX.

So the collapse of FTX is now linked not only to Ukraine, but also to US Democrat politicians who got money from Sam Blankman-Fried, to campaign for the just-ended elections!

Ukraine Partners With FTX, Everstake to Launch New Crypto Donation Website https://t.co/pBL4bhMunT via @coindesk

— Jim.Monet (@JimMonet1) November 12, 2022

THIS IS THE FLIGHT LIVE CURRENTLY OVER A MOUNTAIN RANGE IN BOLIVIA. pic.twitter.com/tPha7yNq61

— GURGAVIN (@gurgavin) November 12, 2022

Original source: https://www.investmentwatchblog.com/ukraine-military-aid-from-usa-was-invested-in-crypto-ftx-by-ukraine/