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Bitcoins, Cash Limits, Changpeng “CZ” Zhao, Crypto Surveillance, Dollar Crash, Elon Musk, EU, Fed Pivot, Financial Surveillance, Fran Finney, Hal Finney, Kiyosaki Fed, Satoshi, sbf, Stablecoins, Twitter
Stop Causing ‘More Damage’ – Bitcoin.com News Week in Review – The Weekly Bitcoin News
Bitcoiners on Twitter recently asked the social media platform’s CEO, Elon Musk, to preserve the account of the late computer scientist and bitcoin pioneer Hal Finney. The call came after Musk announced that a bunch of inactive accounts would be purged. Finney’s wife has since jumped in, tweeting from Hal’s former account to ensure its survival. In other news, former FTX CEO Sam Bankman-Fried was reportedly told by other crypto executives to “stop trying to depeg stablecoins.” This and much, much more, just below in the latest Bitcoin.com News Week in Review.
As Elon Musk Plans to Clean 1.5 Billion Inactive Twitter Names, Bitcoiners Ask Him to Preserve Hal Finney’s Account
On December 9, 2022, Twitter’s owner Elon Musk told the public that the social media company plans to purge 1.5 billion accounts. Musk further added that the deletions would be obvious accounts that have no tweets or haven’t logged in for years.
However, after Musk announced this plan, a large number of cryptocurrency advocates have become concerned that Hal Finney’s account would be among the purged names. Finney, who passed away in August 2014, was the first to mention bitcoin in a tweet on the public forum.
In a recent update, it appears that Finney’s wife, Fran Finney, has activated and tweeted from the account to protect it from being deleted.
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Report: Before Bankruptcy Filing, FTX Co-Founder SBF Was Told By Crypto Execs To ‘Stop Trying To Depege Stablecoins’
According to a recent report published by the Wall Street Journal (WSJ), cryptocurrency executives were reportedly concerned that Sam Bankman Fried’s (SBF) Alameda Research was trying to “unpin stablecoins.” Senior executives from crypto exchanges are reportedly members of a Signal chat group called “Exchange coordination,” and Binance CEO Changpeng Zhao (CZ) apparently told SBF to stop causing “more damage.”
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Robert Kiyosaki Expects Bitcoin Investors to Get Richer as Fed Pivots, Prints Trillions of Dollars
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says that bitcoin investors will become richer when the Federal Reserve, Treasury and Wall Street pivot and trillions of dollars are printed.
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The European Union places a €10,000 limit on cash payments; Transactions over €1,000 in crypto will be scrutinized
The states of the EU have come together to establish a new limit for cash purchases and to strengthen controls on cryptocurrency transactions. On November 6, the bloc agreed to set a €10,000 ($10,557) limit on cash payments and to exercise stronger oversight of crypto transactions above €1,000 ($1,055).
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