The Humanitarian Need for Bitcoin
Crypto has been playing a big part in the war between Russia and Ukraine, not only in helping the Ukrainian government, but the Ukrainian migrants trying to flee the country as well. With money being easier to move across the world than ever before, how will this technology advance to help others truly in need gain financial sovereignty?
Ukrainian refugee flees to Poland with $2,000 in bitcoin on a USB drive
Ben and Kevin discuss an amazing article written by MacKenzie Sigalos as she follows a 20 year old Ukranian refugee fleeing from Lviv to Poland and how having a crypto wallet ensured he had a roof over his head and food dor him and his family.
ASA continues clampdown on misleading and irresponsible crypto ads in the UK
The Advertising Standards Authority in the UK has issued enforcement notices to over 50 crypto based companies for misleading advertisements. The ASA has told these firms to review their ads and make sure they are in compliance with the rules. It also threatened firms with targeted sanctions if “problem ads” persist after May 2nd.
The UK treasury will make payments to the Bank of England for the first time to cover losses from the government quantitative easing plan
The U.K. Treasury will make payments to the Bank of England for the first time to cover losses from the institution’s quantitative easing plan, according to the nation’s fiscal watchdog. The forecasts, if realized, would mark a historic moment for the U.K. and may prove politically tricky for the Treasury. It could force the government to either earmark future taxpayer funds away from other projects to compensate the central bank or increase borrowing to cover the cost.
Weird World of Crypto
Ben and Kevin blind react to Randi Zuckerberg’s recent music video based on women in the crypto-sphere, NFT’s and Web 3.0. It’s quite the experience!
What we cover in this episode
- Ukrainian refugee flees to Poland with $2,000 in bitcoin on a USB drive
- ASA Enforcement Notices sent to 50 crypto-based companies in the UK
- Fake Crypto.com Facebook page scam
- The UK treasury will make payments to Bank of England for the first time to cover losses from the governments quantitative easing plan
- Mark Zuckerberg’s sister Randi sings about crypto
If you would like to donate crypto towards the Ukraine, please use the official crypto addresses provided by the Ukrainian government: tinyurl.com/cryptoforukraine
Link to BBC Documentary discussed by Ben: https://www.bbc.co.uk/iplayer/episode/m0013xcf/the-decade-the-rich-won-series-1-episode-1
Link to Randi’s music video: https://twitter.com/randizuckerberg/status/1498425277734690816)
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