The new LUNA records gains amidst controversy, “Big Short” investor Michael Burry and author Robert Kiyosaki weigh in on recession, depression, and looming civil unrest. To top it all off, Bank of America’s CEO said “we have hundreds of patents on blockchain” but that regulations are blocking the institution from engaging in crypto. This is your bite-sized digest of this 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
Bank of America’s CEO claims that although his bank owns hundreds of Blockchain patents, regulations prohibit it from engaging in cryptocurrency. “The reality is that we can’t do it by regulation,” he said.
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Rich Dad Poor Dad’s Robert Kiyosaki Warns of Stocks and Bonds Crashing — Depression, Civil Unrest Coming
Robert Kiyosaki (the famous author Rich Dad Poor Dad), predicted that there would be a depression as well as civil unrest. Robert Kiyosaki also predicted the collapse of bond and stock markets.
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‘Big Short’ Investor Michael Burry Warns of Looming Consumer Recession, More Earnings Trouble
Michael Burry is a famous hedge fund manager who predicted the 2008 financial crises. He pointed out declining U.S. personal saving and record-setting levels of revolving debt on credit cards, despite billions of dollars in stimulus money.
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While the New LUNA Records Gains, Do Kwon’s Terraform Labs Is Plagued by Controversy and Accusations
Amid the token’s 24-hour rise, controversy continues to plague Do Kwon and Terraform Labs. Additionally, the value of the older token luna classic (LUNC), is increasing as crypto assets gain more than 70%.
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What are your thoughts on this week’s hottest crypto stories? Please leave your comments below.
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