Tag: Ethereum Prometheum Wanxiang

ECP NetHappenings News Headlines Ethereum

ECP NetHappenings News Headlines Ethereum

An economic system built on #inflation promotes debt rather than savings, allows governments to run deficits as a form of non-transparent taxation and primary benefits those nearest to the money printer.

Working and saving fiat money is like holding a bag of melting ice cubes and working to earn more melting ice cubes.

There are only going to be 21 Million bitcoins for the whole world. Satoshi Nakamoto, 2009

ETHEREUM / SHITCOINS / CRYPTO

Tether executives have brushed shoulders with crime since its inception

It’s not hidden from you anymore. Change comes from being brave and standing up, telling friends and politicians. One small tiny step forward a day if that’s all you have. But act. It’s time to act.
https://twitter.com/Dav1dPrometheus/status/1701901277846786449

Regulators and lawmakers should really keep in mind, exchanges are not just the foundation and main structures of our institution, exchanges are indicators of shifting political power. Pricing power = political power. @binance @HuobiGlobal @coinbase @kucoincom @FTX_Official

CRYPTO EXCHANGE OKX LINKED TO MEMBER OF CCP ELITE
https://thefederalnewswire.com/stories/647569293-crypto-exchange-okx-linked-to-member-of-ccp-elite
2013 Feng Bo, the grandson-in-law of former paramount leader Deng Xiaoping, “an early investor in China’s Internet startups.” Today, Feng’s investment firm is linked to OKX, one of the largest cryptocurrency exchanges in the world. Feng’s first investment in the crypto industry was a 2014 investment into the crypto exchange OKX, which was founded in Beijing, Decrypt reported. In 2018, he founded Dragonfly capital with support from the founders of companies including Baidu and Meitu. OKX is the sixth-largest crypto exchange in the world, with an average 24-hour trading volume of $1.26 billion, according to CoinMarketCap.”Bloomberg News mapped the families of Communist China’s ‘Eight Immortals’ to reveal the origins of princelings, an elite class that has been able to amass wealth and influence, and exploit opportunities unavailable to most Chinese.

Ethereum Is Dying (Sad)
https://www.youtube.com/watch?v=AulxzTP0FV0
In this video, I discuss Ethereum’s poor performance since the September 2022 merge, and some reasons behind it.
One of the worst things about Ethereum is this:
The whole system is set up to maximize rent-seeking by large ETH holders and beneficiaries of the huge premine/presale. Most Ethereum sheep don’t even realize this. The entire system is set up to rent-seek off of transactors, in order to benefit holders. Kinda reminds you of the endless tolls and fees in the traditional fiat system that enrich banks and payment processors.

Ethereum Is Losing Favor Among Institutional Investors
https://decrypt.co/155964/ethereum-is-losing-favor-among-institutional-investors-coinshares

Ethereum Prometheum Wanxiang


In Prometheum’s filings to the SEC, they state:

“The company (Prometheum) uses Wanxiang (CCP) as their SOLE project developer and relies on Wanxiang’s ability to create and maintain a successful platform.”

“The loss of the services of Wanxiang could have a material adverse effect on the ability of the Company to Develop, Operate, or maintain the Prometheum Network”

“If the Company were to lose the services of Wanxiang, it could be difficult or impossible to replace them”

tldr: Prometheum is shell of Wanxiang used to get approval and access to US markets and US consumers most private and sensitive information.

This opens up Prometheum, Wanxiang, and the CCP have legal, direct access to Americans Social Security numbers, drivers licenses, passport numbers, and Banking information.

@garygensler @FINRA @SECGov gave the lone special dealer broker license to a company that is”

1. Heavily backed financially by deeply connected w/CCP Wanxiang
2. 100%, entirely dependent upon CCP Wanxiang creating, managing, and running the product for Prometheum.
3. controlled by Wanxiang who is involved in Billions of dollars of fraud and theft.
4. Who owns the domain KillTrump.eth and KillTrump.crypto, where today, you could send money to, and Prometheum would receive it.

Yet, we sit here today, and still, squadoosh has changed outside of Meetings being held and games being played.

While Gary Gensler was under oath yesterday, not one person from the @committeeonccp was in attendance to drill him. While @JDVance1 did a great job, he should have been 1 of 50 pressing Gary Gensler, bit by bit. Instead, the @committeeonccp held their own meeting, and bit by bit learned about how to handle the CCP’s invasive nature by fielding responses from Jay Clayton.

Concentration Risk
“The Company uses Wanxiang as their sole project developer and relies on Wanxiang’s ability to create and maintain a successful platform. The loss of the services of Wanxiang could have a material adverse effect on the ability of the Company to develop, operate or maintain the PROMETHEUM Network because the skillset required to successfully develop blockchains is rare. If the Company were to lose the services of Wanxian, it could be difficult or impossible to replace them, and the loss of them could have a material adverse effect on the Company’s operatioms and finacial conditions.

ETHEREUM

This all goes back to China. They incubated ETH, set up wallets, and own the majority of the supply. The CCP is the disguised whale. You do realize Wanxiang has an infinite amount of money?


“Zhuo Yue is the founder of a public relations company with clients including @LouisVuitton
Zhuo Yue is the granddaughter of Deng Xiaoping” – @FederalNewswire 2023
“Bloomberg News mapped the families of Communist China’s ‘Eight Immortals’ to reveal the origins of princelings, an elite class that has been able to amass wealth and influence, and exploit opportunities unavailable to most Chinese.

Crypto Exchange OKX LINKED TO MEMBER OF CCP ELITE
https://thefederalnewswire.com/stories/647569293-crypto-exchange-okx-linked-to-member-of-ccp-elite

Prometheum is Corrupt and Gary Gensler Knows all about it
Republican Lawmakers Demand Gensler Tell Them How Prometheum Got SEC Approval
Patrick McHenry, the chairman of the House Financial Services Committee, rounded up all of his panel’s Republicans to question the SEC and FINRA about the company’s unique status. The lawmakers also sent a letter to the head of the Financial Industry Regulatory Authority (FINRA) – an industry-funded group that sets and enforces securities standards under the SEC’s watch.

@cowboycrypto313
Not only is Xiao Feng the Chairman of Wanxiang Blockchain, he is a Board Member for Prometheum. Where you at Gary?!?!
https://twitter.com/cowboycrypto313/status/1702367580235641087/photo/1

@BoringSleuth Yes, Fenbushi, Prometheum, LongLing Capital, PreAngel, InBlockchain, Wanxiang, AMTD Group all one of the same really. You’ll find a web of connections like this one.
The skeletons in the Ethereum closet.
@BoringSleuth Who wants to see who is connected to the Miner who mined Block 2, the second oldest block on Ethereum?

Wanxiang, who is THEE Whale behind Ethereum, Prometheum, Longling Capital and a dozen other Ethereum Whale entities, doesn’t even hide who they are on their Website.

Reminder, this is who @GaryGensler gave the lone Digital Assets Special Dealer broker license to 👇
On their homepage, they state: “Wanxiang America Corporation, The United States Incorporated offices of WANXIANG CHINA.”
https://t.co/ORwxZ8RwGy pic.twitter.com/4IE1FUq279 — TruthLabs  (@BoringSleuth) August 13, 2023

They go on to state: “U.S. companies and customers can deal in U.S. dollar currency and US contracts when working with China.”

Why does the SEC want US Dollars to flow to China?

This is essentially who the @sec_gov and @GaryGensler gave the lone Special Dealer Broker license to in Crypto.

“Its critical that I drive home two points:

1. CCP is $ETH’s biggest whale, masked behind Wanxiang and others.

2. Wanxiang was perfectly positioned to wear the Mask.
HQ’d in Chicago, tied in to Biden & Bush. Blockchain Partnerships with MIT, IBM, UBS, Microsoft, and more.”

https://wanxiang.com/
—> U.S. companies and customers can deal in U.S. dollar currency and U.S. contracts when working with China.

@SenSherrodBrown today sent a letter to @GaryGensler, @CFTCbehnam and Janet Yellen imploring them to bolster existing disclosures around #crypto.
“I urge you to use existing tools to strengthen transparency and hold bad actors accountable.”
https://www.banking.senate.gov/imo/media/doc/brown_letter_-_crypto_disclosure_-_treasury_sec_cftc.pdf

@dionysus64 Dear @VitalikButerin & @Pharrell
Care to clear up multiple accusations swirling around that Vitalik’s Ethereum wallets were funded by Chinese State linked entities along with proof of @LouisVuitton employing a company with direct links to the daughter of CCP leader Deng Xiaoping? https://twitter.com/dionysus64/status/1687484599050584064

@JohnReedStark
Cryptoverse Market Manipulation Not Surprising and Tip of the Iceberg.

Per Bloomberg, crypto-token price manipulation is rampant on Ethereum-based decentralized exchanges, where so-called wash trading amounted to at least $2 billion worth of crytocurrencies since September 2020, according to a study by researcher Solidus Labs.

“Wash trading, a form of market price manipulation where a trader buys and sells a security, can involve token issuers and other parties selling a coin to themselves to boost its price and trading volume — and to make it a viable candidate for being listed on centralized exchanges.”

Per Bloomberg, Solidus found that liquidity providers manipulated prices and volumes of more than 20,000 tokens since September 2020, examining wash trading on three decentralized exchanges.
https://www.bloomberg.com/news/articles/2023-09-12/wash-trading-is-rampant-on-decentralized-crypto-exchanges

HEALTH

Novavax’s XBB15 booster shot is good at neutralizing the current dominant variants EG5 and FL151. Moreover—FDA is poised to soon allow Novavax as a booster first the time even after past mRNA vaccinations: “In discussion with the FDA, we understand a single dose will be indicated for people who have been previously vaccinated irrespective of which vaccine they received, and a two day series… is to be used for those who have not been vaccinated”, says head of Novavax R&D. FDA and CDC approval will still take another few weeks for Novavax.
“vaccines to be incorporated into programs immediately following FDA regulatory action. And that won’t require that ACIP be reconvened” @dr_demetre