🇮🇪 The Irish Crime Bureau is facing a major roadblock in accessing a staggering $378 million worth of #Bitcoin that was 'seized' back in 2020. The catch? They don’t have the private keys needed to unlock the funds! 😅 Despite their efforts, without these cryptographic keys, the Bitcoin remains completely out of reach, adding another layer of complexity to law enforcement's handling of digital assets. This situation highlights one of the unique challenges of dealing with cryptocurrencies—if you don’t have the keys, you don’t have the coins! 🔐💸
https://m.primal.net/LgGT.jpg The Indian government is reportedly considering a full BAN on cryptocurrencies and stablecoins 🚫💰. The main reason behind this move is the slow adoption of the Central Bank Digital Currency (#CBDC) 💸📉. Officials are concerned that the popularity of decentralized digital assets is hindering the CBDC’s rollout, as it competes directly with these alternative forms of currency. By implementing this ban, the government aims to push for wider use of the official digital currency, strengthening its control over the financial system while discouraging reliance on private digital assets.
https://m.primal.net/LgGQ.jpg From left to right:
🇪🇹 Autocracy - Abiy Ahmed, accused of genocide and crimes against humanity;
🇪🇬 Autocracy - Abdel Fattah el-Sisi, holds almost absolute power in Egypt, dominating the legislative and judiciary since 2014;
🇿🇦 Democracy with flaws - Cyril Ramaphosa is the leader of the party that has controlled the country for the last 30 years;
🇨🇳 Communist dictatorship - Xi Jinping, leader of the party for the 3rd time, was elevated by the party to the level of Mao Zedong;
🇷🇺 Autocracy - Vladimir Putin has controlled Russia's destinies since the year 2000 and recently changed the constitution to continue controlling the country until 2036;
🇮🇳 Flawed democracy - Narendra Modi, in power since 2014, accused of deteriorating Indian democratic institutions, hindering the emergence of opposition movements and increasing corruption;
🇸🇦 Authoritarian Regime (absolutist monarchy) - Mohammed bin Salman, accused of brutally persecuting any type of opposition and violating human rights, especially those of women;
🇮🇷 Dictatorship - Extremist Islamic regime led by a supreme leader, the Ayatollah, who persecutes any type of opposition, violating human rights, especially women's, and financing and arming terrorist groups in the Middle East.
🇧🇷 And within this group, our Brazil.
At this BRICS summit, the dictatorships of Cuba and Belarus promise to be announced as new members, reinforcing the autocratic and dictatorial character of the members of the group in which Brazil is included.
🗞🚨 US spot bitcoin ETFs shift to negative flows after 7 days of inflows Arkham Intelligence. 🗞⚡️ Tesla is still in possession of its #Bitcoin💰 as it recently transferred #BTC to new wallets, as reported by Arkham Intelligence. 🗞🚨 🇮🇳 Indian Regulators Consider Banning #Bitcoin💰 and #Ether💰 to Focus on Central Bank Digital Currency (CBDC) 🗞🚨 Nigerian government drops charges against Binance executive - BBG
🇦🇷 Milei will dissolve Argentina's current tax collection agency, AFIP, and replace it with a "simpler, more efficient, less costly and less bureaucratic structure"
The International Monetary Fund lowered its global growth forecast for next year and warned of rising risks, from rising debt to global wars and trade protectionism, while giving credit to central banks for controlling inflation without pushing countries into recession.
In terms of the outlook for next year, the IMF forecast for the euro zone was downgraded to 1.2%, 0.3% lower than in July, due to persistent weakness in manufacturing in Germany and Italy. On the other hand, the US forecast for 2024 and 2025 was updated to 2.8% and 2.2%, an increase of 0.2% and 0.3% respectively, due to stronger consumption, but really because of the infinite stimulus in the form of a war-level budget deficit that now stands at 6% of GDP and which has led to an exponential increase in US debt issuance.
⁉️ WHO OWNS THE US PUBLIC DEBT ⁉️
~33% of the $35.7 trillion federal debt is held by government funds, including Social Security and the Fed.
More than 25% are owned
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