2023-04-12

Fights, Fights, and Fools 🤡

Happy hump day folks,

With the latest inflation rates coming out and the Shanghai Upgrade on Ethereum both happening today, it could be quite volatile out there!

Regardless of what happens, like clockwork, we have three treats for you.

Ready? 

Let's go!

  • ⚔️ Justin Sun vs. CZ; The Fight That Isn’t a Fight

  • 🛡️ Robert Kennedy Jr. Fights For Our Corner

  • 🤡 FTX Incompetence at an ATH

FUD, 4, and Founders

Amid rumors of Tron founder Justin Sun being arrested yesterday, Binance announced that they would be delisting Tron’s TRX token.

The rumors seem to have been false, though, as Sun was seen wandering freely at a crypto event in Hong Kong.

So why is Binance delisting TRX?

Well, it has nothing to do with the rumors of Sun’s arrest. 

It’s probably due to the factual news that the SEC charged Justin Sun and his three wholly-owned companies with fraud for the unregistered sale of alleged securities to investors.

Both Sun and Binance CEO CZ tweeted “4” following the “arrest” story.

CZ and others have used the “4” tweet as shorthand to say, “Ignore the FUD.”

So, despite the Tron price falling 6% in the last 24 hours, the delisting was already part of the plan, not a knee-jerk reaction.So...4.

LonghornFX: Deposits

Users can deposit to trading accounts through Bitcoin, bank wire transfers, and credit/debit cards.

There is no minimum deposit requirement to open a LonghornFX live account, though it is advised to transfer at least $10.It is also worth noting that there are minimum deposit amounts for certain payment methods ($10 for BTC and $50 for credit/debit cards).

LonghornFX does not charge any deposit or withdrawal fees, though third-party charges, including blockchain network fees, may apply.

Processing times vary by method. Credit/debit cards often provide instant funding. Cryptocurrency payments are subject to network confirmation times.

Bob Jr Steps Up To The Plate and Swings Big!

It reads as pleasant news when politicians argue the case for crypto, especially when they simultaneously expose bankers and the current anti-crypto government!

US presidential candidate Robert F. Kennedy Jr. recently suggested that crypto can help the public escape a financial system he calls “a bubble.”

Kennedy, who is running in the 2024 presidential campaign as a Democrat, accused the Biden Administration of launching “hostile broadsides” against cryptocurrencies.

Kennedy seemed to be taking no prisoners when he made this statement:

“Between 2008-22, the Fed partnered with a handful of big banks to print $10 trillion — ten centuries of wealth in 15 years — a bonanza for the Banksters.”

He went on to say:

“Cryptocurrencies like Bitcoin give the public an escape route from the splatter zone when this bubble invariably bursts. So the White House is colluding with the banksters to keep us all trapped in the bubble of profiteering and control.”

Don’t hold back, Bob…say what you really think!

FTX Incompetence at an ATH

Just when we thought it couldn’t get any worse……FTX CEO John J. Ray III, who replaced Sam Yankman-Tried, revealed that none of the FTX Group companies employed an “appropriate” accounting system.

Yes, that’s right, SBF and his amateur band of clowns were (badly) managing billions of dollars of investor funds with apps like Google Docs, Excel, and QuickBooks!While QuickBooks is great for freelancers, and new and small businesses, it’s definitely not designed for FTX/Alameda-level enterprises.Ray stated that:“Fifty-six entities within the FTX Group did not produce financial statements of any kind.”And:“Thirty-five FTX Group entities used QuickBooks as their accounting system and relied on a hodgepodge of Google documents, Slack communications, shared drives, and Excel spreadsheets and other non-enterprise solutions to manage their assets and liabilities.”As part of the mountain of evidence is this snippet made by SBF in an internal communication:“We sometimes find $50 million of assets lying around that we lost track of; such is life.”What?!Bankman-Fried is facing 115 years in prison after being accused of defrauding investors and mishandling customer assets.It's not looking good for the curly-haired villain.

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