Crypto Market Overview September 6th | Dex-Trade

Crypto Market Overview September 6th | Dex-Trade

Britain Welcomes New Prime Minister: Is Liz Truss a Crypto Advocate?

The new Prime Minister of the United Kingdom became the representative of the conservative government, Liz Truss, who bypassed the open crypto enthusiast Rishi Sunak, who promised to turn Britain into a crypto hub and launch NFT emission from the Royal Monetary Court. But should the representatives of the crypto community worry about this? Most likely not, since Truss, based on her past publications and statements, may be the ideological advocate of digital currencies. It should be noted right away that the newly elected prime minister has not yet made any direct statements on regulatory issues, but in 2018 she wrote the following tweet: “We should welcome cryptocurrencies in a way that doesn't constrain their potential. Liberate free enterprise areas by removing regulations that restrict prosperity.” Truss was British Foreign Trade Secretary from 2019 to 2021 and supported Brexit in 2020. In the same year, the future prime minister said that the United Kingdom could “create great opportunities in areas such as blockchain.” However, the word "crypto" in her remarks and subsequent tweets was never present. Many market analysts are optimistic about Truss and are confident that the crypto industry will get a boost in Britain thanks to the new prime minister. What is this optimism based on? Now it’s quite difficult to say whether the country’s political vector regarding crypto will change, but Truss is definitely aware of the possibilities of digital money. We’ll wait and see.


Twitter User Creates Crypto Ponzi and Raises $100,000 in 2 Hours

An anonymous “crypto researcher” nicknamed FatManTerra tweeted that he had “received access to a high-yield BTC farm” from an unnamed fund, and said that those who wish to invest in the project can write to him in direct to discuss the terms of making deposits and making a profit. Thus, in just 2 hours, FatManTerra, who declared himself a former supporter of the infamous Terra, collected about $100,000 from his Twitter and Discord followers, and then announced that he created a fake investment platform to teach people a lesson in blind investment in cryptocurrency schemes, created by influential people. Fundraising and "investment hype" was limited to one day — September 5th. And today FatManTerra wrote a new tweet: “While I used plenty of buzzwords and put on a very convincing act on all platforms, I made sure to keep the investment details intentionally obscure — I didn't name the fund & I didn't describe the trade — no one knew where the yield was coming from. But people still invested.” After that, the “crypto researcher” wrote that he was sending a clear and convincing message to the crypto community: “anyone offering to hand you free money is lying. It simply doesn't exist. Your favorite influencer selling you quick money trading coaching or offering a golden investment opportunity is scamming you.” It remains to thank the enthusiast who opened our eyes to the risks of the crypto industry…


Congressman Brad Sherman Considers Crypto a Threat to US National Security

According to the Los Angeles Times, U.S. Congressman Brad Sherman, who represents the country's Democratic Party, literally "hates" digital money and considers it a threat to national security. The politician wrote about this on his personal website, while adding that he recognizes the cryptocurrency business as an influential player in the US financial ecosystem, especially when it comes to political contributions. For example, the California Commission on Fair Political Practices yesterday allowed state and local candidates to accept payments in digital currencies. “I don’t think we’re going to get [to a ban crypto] anytime soon. Money for lobbying and money for campaign contributions works, or people wouldn’t do it; and that’s why we haven’t banned crypto. We didn’t ban it at the beginning because we didn’t realize it was important, and we didn’t ban it now because there’s too much money and power behind it.” Apparently, Sherman can not decide both on his position and on the choice of the best strategy for protecting crypto investors. The proponent of fairness opposes outright cheating of savers, but acknowledges that its impact on people's investment habits is minimal. This is how superposition in politics looks like.