The well-known creator of the best-selling e book Wealthy Dad Poor Dad, Robert Kiyosaki, says now stands out as the final likelihood to purchase gold and silver at low costs. “Inflation shifting up. Rates of interest shifting up. Inventory market to crash sending gold and silver larger,” Kiyosaki described.
The creator of Wealthy Dad Poor Dad, Robert Kiyosaki, says the costs of gold and silver are about to soar. Wealthy Dad Poor Dad is a 1997 e book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Occasions Finest Vendor Record for over six years. Greater than 32 million copies of the e book have been bought in over 51 languages throughout greater than 109 nations.
Kiyosaki tweeted Monday that the value of gold is now over $1,800 whereas silver is over $24, including:
Inflation shifting up. Rates of interest shifting up. Inventory market to crash sending gold and silver larger. Could also be final likelihood to purchase gold and silver at these low costs.
The Wealthy Dad Poor Dad creator has been telling buyers to purchase gold, silver, and bitcoin for fairly a while. He beforehand emphasised that he solely invests in bodily gold and silver — not gold or silver exchange-traded funds (ETFs).
Many individuals on Twitter reminded Kiyosaki that he has been giving the identical warning for years. Some disagreed with the well-known creator, anticipating the value of gold to drop from the present stage.
“Gold & silver costs plunge as Fed continues elevating rates of interest,” Kiyosaki defined in October, including:
Elevating rates of interest will kill financial system. Inventory, bond, actual property will crash. Fed will pivot. Purchase gold, silver & bitcoin earlier than Fed pivot.
Nonetheless, he cautioned: “Gold, silver, bitcoin might defend your wealth … however not your earnings.” He famous: “As financial system crashes, inventory markets go bust, pensions crash and unemployment rises a aspect hustle might present you earnings … Your aspect hustle might develop into the following Amazon or bitcoin.”
Earlier this month, the well-known creator stated he expects individuals who personal gold, silver, and bitcoin to get wealthy when the Fed pivots and prints trillions of {dollars}. In July, when the value of silver fell to round $20, he referred to as silver the most effective funding worth at present.
Moreover, Kiyosaki usually recommends shopping for bitcoin alongside gold and silver. He just lately clarified that he’s a bitcoin investor, not a dealer, so he will get excited when BTC hits a brand new backside. In September, he urged buyers to get into crypto now, earlier than the largest financial crash occurs.
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DPD and blockchain analytics company Chainalysis co-hosted other law enforcement agencies and cryptocurrency exchanges for ‘Operation DeCloak’
A cryptocurrency fraud workshop co-hosted by the Delta Police Department last fall identified over 1,100 victims worldwide, including a ‘significant number’ in Canada.
On Sept. 16 and 17, 2024, the DPD and blockchain analytics company Chainalysis hosted “Operation DeCloak,” bringing together representatives from law enforcement agencies including the RCMP, Victoria Police Department, Vancouver Police Department, the BC Securities Commission, the BC Prosecution Service and the BC Financial Services Authority, as well as key stakeholders from cryptocurrency exchanges such as Shakepay and others.
The initiative was a localized “sprint” of Chainalysis’ “Operation Spincaster,” a series of public-private collaborations designed to disrupt and prevent cryptocurrency scams. Spincaster itself spun out from “Operation Disruption,” a collaboration between Chainalysis and the Calgary Police Service in March 2024.
“Leveraging the transparency of the blockchain, Chainalysis proactively identified thousands of compromised wallets. This actionable intelligence formed the basis of a series of operational sprints across six countries (U.S., U.K., Canada, Spain, Netherlands and Australia) with over 100 attendees, including 12 public sector agencies and 17 crypto exchanges,” the company said in a press release.
“Over 7,000 leads were disseminated during these sprints, relating to approximately US$162 million of losses. These leads were used to close accounts, seize funds and build intelligence to prevent future scams.”
During last fall’s Operation DeCloak, Chainalysis led training sessions in investigating leads, tracing stolen funds and identifying compromised wallets using the company’s proprietary “Crypto Investigations Solution.”
According to a DPD press release, 240 crypto addresses were closely examined, revealing an estimated collective loss of C$35 million.
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The event also promoted proactive policing and disruption strategies aimed at combating fraud, with particular emphasis on a growing tactic known as “approval phishing” used by romance and investment scammers targeting cryptocurrency transactions.
The method involves scammers gaining their victim’s trust by promoting false investment opportunities with the promise of high returns, thereby convincing victims to unknowingly approve malicious blockchain transactions.
The initial transaction gives the scammer access to tokens in the victim’s digital wallet without the victim’s knowledge, resulting in unauthorized withdrawals.
Police say scammers typically connect with their victims through social media, or via apps or pop-up ads.
During Operation DeCloak, police say immediate steps were taken to notify identified victims of these scams.
“With the co-operation of the exchange companies, affected individuals were promptly contacted with the goal of preventing further harm,” the DPD said in its press release.
Since the workshop, the department has successfully deployed the techniques learned through Operation DeCloak.
“The technique was applied to a previous investigation which identified stolen cryptocurrency funds in a blacklisted address containing US$1.2 million. This address was in the process of being seized by an overseas police agency,” the department said.
Using the DeCloak techniques, the DPD’s Cybercrime Unit has identified an additional 70 transactions worth US$800,000 sent from Canadian exchanges. Investigators are identifying those victims and seizing the funds from the blacklisted address so they can be returned.
“This collaboration with Chainalysis and cryptocurrency exchanges is a testament to the DPD’s focus on innovation and commitment to community safety and well-being.”
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Cryptocurrency exchange Coinbase said Tuesday (Jan. 14) that it is investigating a problem with delayed sends of Ripple (XRP) on its platform.
“We are aware that some users may be experiencing delayed sends for Ripple (XRP),” Coinbase said in an incident report on its status page. “Buys, Sells and Fiat withdrawals/deposits are not affected. We are investigating this issue and will provide an update shortly.”
In an earlier, separate report on its status page, Coinbase said some users experienced delayed sends and receives for Stellar (XLM) on Friday (Jan. 10). That incident was resolved within 90 minutes.
On Thursday (Jan. 9), some users experienced latency or degraded performance with buys, sells, sends, Coinbase Onramp and Advanced Trade. That issue was resolved within two hours, according to the page.
In other, separate news about the company, it was reported Thursday (Jan. 9) that Coinbase told customers that it may have to share data demanded by the Commodity Futures Trading Commission (CFTC).
The regulator sent a subpoena to the firm that seeks information about Coinbase customers’ interactions with prediction market firm Polymarket, and Coinbase emailed some customers saying it may have to share that data with the CFTC.
“When we receive requests for information from a government, each request is carefully reviewed by a team of trained experts using established procedures to determine its legal sufficiency,” a Coinbase spokesperson told CoinDesk.
On Dec. 9, cryptocurrency payments solution firm Triple-A announced an integration with Coinbase that it said it designed to let Coinbase users make payments to select merchants in the Triple-A network.
“Triple-A’s integration with Coinbase Commerce will empower merchants to offer a Coinbase-specific payment option, enhancing the convenience for Coinbase users and allowing Coinbase to connect with a wider network of merchants, to drive the broader adoption of cryptocurrency payments,” the company said in a press release.
Coinbase upgraded its Coinbase One subscription program and launched a new tier called Coinbase One Premium on Dec. 4, saying that with these new offerings, “Coinbase One now truly benefits all types of traders.”
Coinbase One membership has reached 600,000 across 42 countries, the company added.
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