This week, entrepreneur and activist Kim Dotcom said the “US is beyond bankruptcy” and made no bones about a possible “controlled destruction of global markets”. Meanwhile, American economists are interested in the ruble’s strong performance despite sanctions against Russia, a new book has emerged claiming to tell the “real story behind the mysterious Bitcoin creator Satoshi Nakamoto,” and LUNA 2.0 has been falling in value since last week , while allegations are being made against Continue Kwon. Without further ado, this is your bite-sized roundup of this week’s hottest crypto stories from Bitcoin.com News.

Kim Dotcom on 'Great Reset', Strong Russian Ruble Confuse Economists and More – Bitcoin.com News Week in Review

Kim Dotcom says ‘US is beyond bankruptcy’, digital entrepreneur predicts ‘controlled destruction of global markets’

On June 5, 2022, the entrepreneur and activist known as Kim Dot-com took to Twitter and said this was “possibly the most important thread” he’s ever created regarding a major global meltdown. In the thread, Dotcom specifically singles out the American economy and claims the “US is beyond bankruptcy.” Dotcom also spoke on the topic of the Great Reset and how a “New World Order” aims to “shift to a new dystopian future where the elites are the masters of the slaves without the cosmetics of democracy.”

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Kim Dotcom on 'Great Reset', Strong Russian Ruble Confuse Economists and More – Bitcoin.com News Week in Review

American economists baffled by an “unusual situation” as the Russian ruble is the world’s best-performing fiat currency

Two months after the Russian ruble fell below a US penny, the transcontinental country’s fiat currency is the best-performing currency in the world. American economists are baffled by the “unusual situation” because a country facing severe sanctions would normally see its fiat currency depreciating, but the Russian ruble has done just the opposite.

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Kim Dotcom on 'Great Reset', Strong Russian Ruble Confuse Economists and More – Bitcoin.com News Week in Review

A newly released book claims to tell the “real story behind the mysterious Bitcoin creator.”

Over the past 13 years, a large number of individuals have claimed to be the inventors of Bitcoin, but not a single person has been able to prove this to the larger crypto community. In late August 2019, a marketing and public relations (PR) agency issued a press release that featured a man from Pakistan who claimed to have invented Bitcoin. While Pakistani Bilal Khalid offered no proof, the PR agency’s founder recently published a book titled Finding Satoshi: The Real Story Behind Mysterious Bitcoin Creator Satoshi Nakamoto.

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Kim Dotcom on 'Great Reset', Strong Russian Ruble Confuse Economists and More – Bitcoin.com News Week in Review

LUNA 2.0 token down 56% since last week, whistleblower accuses Terraform Labs of owning shadow wallets

After surging to $11.33 per unit on May 30, Terra’s new LUNA 2.0 token has lost more than 56% of its value against the US dollar. In related Terra developments, in addition to the Defi projects rejoining the Terra ecosystem, whistleblower known as Fatman continues to accuse Terraform Labs (TFL) and Do Kwon of manipulative tactics such as allegedly lying about LUNA 2.0 in bring community property.

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tags in this story

bankruptcy, book, collapse, controversy, do kwon, fatman, global reset, great reset, kim dotcom, LUNA, markets, new world order, russian ruble, sanctions, satoshi, satoshi claimants, satoshi nakamoto, US debt, weekly recap

What are your thoughts on the Great Reset theme and the global economy in relation to fiat money and cryptocurrencies? Let us know in the comment section below.

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