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The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has warned that all markets are crashing, specifically naming real estate, stocks, gold, silver, and bitcoin. Referencing his earlier prediction of a bigger crash than during the 2008 financial crisis, Kiyosaki said: “That crash is here. Millions will be wiped out.” Robert Kiyosaki Predicts Market Crashes The author of Rich Dad Poor Dad, Robert Kiyosaki, is back with dire warnings about market crashes. 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. Kiyosaki described in a tweet Friday that every market is crashing and the middle class will be wiped out by “higher oil inflation.” He wrote: All markets crashing: real estate, stocks, gold, silver, bitcoin. Middle class wiped out by higher oil inflati...

With just over two weeks until The Merge, Ethereum network fees have reduced significantly as the average ethereum transfer fee has dropped to 0.00092 ether or $1.37 per transaction on August 28. Median-sized fees have slid to 0.00036 ether or $0.544 per transfer, and etherscan.io’s gas tracking tool notes a priority fee will cost 11 gwei or $0.34 to get a transaction confirmed in roughly 30 seconds. Ethereum’s Onchain Transfer Cost Remains Low, L2 Transfer and Swap Fees Are Still Cheaper On August 16, the Ethereum Foundation updated a previously published blog post in order to make it clear that The Merge would not reduce gas fees and improve throughput. While The Merge is a little more than two weeks away , Ethereum gas fees have been far less expensive than they were before mid-June. At that time, in the middle of June, Ethereum’s average gas fees started to drop lower from $3.86 per transaction to 0.00086 ether or $1.46 per transfer during the first week of August. Gas fees ...

Cardano founder Charles Hoskinson detailed on Friday that the Vasil hard fork is coming soon and noted that it may occur “sometime in September.” The crypto asset’s upgrade has been overshadowed by the upcoming Ethereum upgrade called The Merge. Vasil Hard Fork Due ‘Sometime in September,’ Input-Output Global’s Charles Hoskinson Says The proof-of-stake (PoS) blockchain Cardano (ADA) has plans to implement a hard fork roughly around the same time The Merge is expected to be implemented. Ethereum’s Merge is roughly 16 days away from now and the change will transition Ethereum’s proof-of-work (PoW) consensus mechanism to a PoS blockchain. Speaking during a Twitter live stream on Friday, Hoskinson told the public that while “extensive testing” is still being conducted, the Vasil hard fork could take place in mid-September. Much like The Merge, Cardano’s hard fork was postponed at the end of June. The Vasil hard fork aims to add four Cardano Improvement Proposals (CIPs) into th...

The publicly listed firm Coinbase Global has revealed the company plans to evaluate any potential forks that arise from the upcoming Ethereum upgrade known as The Merge. In a recently updated blog post, Coinbase said if a new Ethereum proof-of-work (PoW) token is created it “will be reviewed with the same rigor as any other asset that is listed” on the company’s exchange. Coinbase Updates the Public About the Possibility of an Ethereum Fork Arising Post Merge The Merge is coming soon and data shows it is roughly 16 days away from now. Essentially, The Merge is Ethereum’s plan to transition from a proof-of-work (PoW) consensus algorithm to a new proof-of-stake (PoS) consensus scheme. Now despite the fact that a PoW network similar to ETH already exists in Ethereum Classic ( ETC ), there’s been talk of creating a new PoW fork when The Merge is implemented. The proposed ETH PoW fork has gained market traction as a number of crypto exchanges have created IOU token versions called ...

A Latvian national has been handed over to the United States where he is accused of fraud through several companies offering false crypto investment opportunities. Ivars Auzins will appear in a federal court in Brooklyn to face multiple charges of wire and securities fraud. Latvian Authorities Transfer Alleged Crypto Fraudster to US Custody Ivars Auzins, a citizen of the small Baltic nation of Latvia, was extradited to the United States on Friday. The Latvian has been handed over to the American judiciary on a six-count indictment charging him with wire fraud, securities fraud, and conspiracies to commit wire and securities fraud in connection with the operation of eight businesses that purported to offer, invest in, or mine digital assets. Auzins will be arraigned on the indictment on Saturday in a federal court in Brooklyn before the Honorable Roanne L. Mann., the U.S. Department of Justice said in a press release. The charges were announced by United States Attorney for the East...

Binance is helping the South Korean city of Busan “grow crypto adoption within the city and beyond.” The global crypto exchange will also support the development of the city’s blockchain ecosystem and the Busan Digital Asset Exchange. Binance Signs MOU With Busan City Cryptocurrency exchange Binance announced Friday that it has signed a Memorandum of Understanding (MOU) with Busan Metropolitan City. Busan, located on the southeastern tip of the Korean peninsula, is the second largest city in South Korea with approximately 3.4 million residents. “As part of the agreement, the city of Busan will receive technological and infrastructure support from Binance for the development of the city’s blockchain ecosystem and promotion of the Busan Digital Asset Exchange,” Binance explained. “Another form of cooperation between the two parties will be order book sharing,” the company added, noting that it will be establishing a presence in Busan by the end of the year. Binance CEO Changpeng Zh...

Twitter Inc. has been ordered to provide additional data relating to spam and bot accounts to Elon Musk. The social media giant has sued the Tesla CEO for terminating his $44 billion offer to buy the social media platform. The U.S. Securities and Exchange Commission (SEC) has also questioned Twitter about the number of spam accounts. Court Orders Twitter to Give Additional Data to Elon Musk Chancellor Kathaleen St. J. McCormick, a judge on the Delaware Court of Chancery, signed an order Thursday requiring Twitter Inc. (NYSE: TWTR) to provide additional data to Tesla and Spacex CEO Elon Musk. Plaintiff Twitter has sued defendants Musk and his two companies, X Holdings I and X Holdings II, for terminating the $44 billion deal to buy the social media platform. Musk has countersued Twitter. Judge McCormick stated in her order: Defendants’ data requests are absolutely abroad. She added: “Read literally, Defendants’ documents request would require Plaintiff to produce trillions upo...