Rumors of expanding war, massive inflation destroying people’s purchasing power, and widespread volatility in the world of fiat currencies shaped the news this past week, with similarly dynamic developments in the world of cryptocurrency. Rich Dad Poor Dad author Robert Kiyosaki says the “end is here” for fake money. You can find this information and many more in the Bitcoin.com News Week in Review.
While the US Dollar Tramples the Euro, Pound and Yen, Russia’s Ruble Skyrockets Against the Greenback
While the U.S. dollar has soared in value against a basket of worldwide fiat currencies, Russia’s ruble climbed 4.5% against the greenback last week. Russia stated to the press that China will pay for natural gas using rubles and the yuan in the beginning of September. Moreover, Switzerland’s imports of Russian gold reached a high not seen since April 2020.
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Report: Gap Between Ethiopian Currency’s Official and Parallel Market Exchange Rate Grows to New Record
The Ethiopian birr currency’s parallel exchange rate against the U.S. dollar recently dropped to a low of 92 birr per dollar, a report has said. The report added that following this latest plunge, the gap between the birr’s official and parallel market exchange rates has widened to a record high.
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Robert Kiyosaki Says End of Fake Money Is Here — Shares 3 Lessons to Help Investors Amid Market Crashes
After predicting the biggest crash in world history, Robert Kiyosaki, the famous author of the best-selling book Rich Dad Poor Dad, says the “end is here” for fake money. He reiterated three lessons that will help investors “do well in market crashes.”
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South Korea Wants to Freeze 3.313 Bitcoin, Allegedly Related to Luna Founder Do Kwon
South Korean prosecutors want to stop the purchase of 313 bitcoins from two cryptocurrency exchanges that are allegedly linked to Do Kwon (the luna founder). After a South Korean court issued an warrant for Terraform Labs founder Do Kwon, the coins were quickly moved.
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