BITCOIN

U.S. lawmakers are probing the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) regarding the “shady approval” of Prometheum “as the first and only special purpose broker-dealer for digital assets.” They raised concerns about the timing and circumstances surrounding the approval, noting that Prometheum has no customers, operational history, and track record. In addition, the lawmakers stressed that the company has ties to the Chinese government. SEC, FINRA Probed Over ‘Shady Approval’ of Prometheum The U.S. House Financial Services Committee announced Tuesday that the committee’s chairman, Patrick McHenry (R-NC), has led Republican committee members in probing the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) regarding the “shady approval” of Prometheum. Referencing the letters dated Aug. 9 that the lawmakers sent to SEC Chair Gary Gensler and FINRA President and CEO Robert Cook, the...

Rich Dad Poor Dad author Robert Kiyosaki has shared his predictions regarding the prices of gold, silver, and bitcoin if the world economy crashes. Emphasizing that the national debt is “too high,” he cautioned that holders of the U.S. dollar will be in trouble. Robert Kiyosaki’s Gold, Silver, Bitcoin Predictions The author of Rich Dad Poor Dad, Robert Kiyosaki, has shared his predictions about the price of gold, silver, and bitcoin. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries. In a tweet Monday, Kiyosaki explained that while he expects the price of bitcoin to reach $100K in the near term, he believes that it could soar to $1 million while gold will rise to $75K and silver will trade at $60K if the world economy crashes. Noting that he has been saying for years that gold and...