FULCRUM News - USA and Global Top News Updates

More updates on scammy unlicensed ‘Bitcoin lender’ NEXO, plus philosophical discussion of CBD, cryptocurrency vs. central bank usury, and more this Sunday from FULCRUM DC. As shown here, as of earlier today NEXO was still advertising to US users on major crypto sites, and soliciting deposits in US Dollars and Euros — aside from clamoring for additional Ether and Bitcoin deposits, as they’ve always done. Not financial or medical advice; no warranties or guarantees provided.

NEXO user Jason was told by their customer support “a large portion” of their users admittedly did not receive liquidation warning messages in time — incredible.

New! Addresses for tipping the FULCRUM podcast team directly in leading cryptos—

BTC: 1Dh4kuL97B3rx75nv3kLCsw9bib51Fq3Hw
ETH: 0xd311cbD33be52B5d853caee993B1C44fE1038970

More updates on $NEXO heist

Listen for a FULCRUM DC weekend fact check of the Bill Gates / World Health Organization purported email dump, in which many email accounts belonging to Gates Foundation staffers and employees at the W.H.O. had their passwords leaked in what appears to be a database of email accounts, and corresponding passwords.

Is the Bill Gates / Gates Foundation email dump legit? We have our suspicions.

“it’s weird that guy’s that passionate about vaccines, to begin with… it’s not his area of expertise, he’s not a doctor, he made his money in a different industry — in software — not in medical stuff… and so it’s totally bizarre that this is how he spends his retirement as one of the wealthiest people on the planet,” Seaman says. Despite the weirdness of Gates’ passion for vaccine policy, however, we have concerns the email dump may be fake — or a honey pot to entrap or otherwise discredit truthers zealous to tie Gates’ passion to a definite sinister aim.

Also key updates on the unfolding NEXO community investigation — “We’re seeing crypto communities that don’t get along that well, are getting along just great, because we have a common enemy,” Seaman said of NEXO, the embattled Bulgarian ‘crypto lender’ accused by many users of robbing them during last month’s market volatility, when NEXO liquidated some customers’ ETH and BTC holdings on their platform, even above and beyond their loan-to-value requirements. Customers were liquidated in some cases with only text message notification several hours beforehand, well outside of business hours.

How big is the potential fallout from NEXO’s shadiness? As one crypto observer replied to us over Twitter, “I think you were right this nexo debacle will be as big as mt gox. Why do I say this? Nexo claims to have 550,000 users. Just one user I spoke with had lost over 130k. They have felt misslead [sic] bc of the false adverts claiming they are SEC compliant, claiming small incremental LTV rebalances, claiming they'd be notified properly before liquidation.”

Not financial advice; no warranties or guarantees provided.

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I think you were right this nexo debacle will be as big as mt gox.

Brand new weekend updates episode from DC! David Seaman was a regular guest on the Joe Rogan Experience, Duncan Trussell Family Hour, Coast to Coast, HuffPost LIVE, and elsewhere. Not financial or medical advice; no warranties or guarantees provided. https://fulcrumnews.com/affiliates to sign up for the referral/affiliate program. https://fulcrumnews.com/subscribe to get David’s email newsletter, and https://paypal.me/DavidSeaman to support our investigative reporting any time with a tip!

Can’t stop any innovator for long. In year 4 as a media startup, we are seeing record traffic to our web site and renewed interest in our premium newsletter subscription. How did things go right, finally?

By demand, another cryptocurrency focused episode from FULCRUM — especially since the once-every-four-years “block halving” is coming up next month for Bitcoin, and since some crypto researchers now believe Bulgarian ‘crypto lender’ NEXO may have done more than just take customers’ deposits last month… they may have caused or made worse last month’s drastic drop in the price of leading cryptos.

Antoni Trenchev, NEXO founder

Brand new episode from DC! David Seaman was a regular guest on the Joe Rogan Experience, Duncan Trussell Family Hour, Coast to Coast, HuffPost LIVE, and elsewhere. Not financial or medical advice; no warranties or guarantees provided. https://fulcrumnews.com/affiliates to sign up for the referral/affiliate program. https://fulcrumnews.com/subscribe to get David’s email newsletter, and https://paypal.me/DavidSeaman to support our investigative reporting any time with a tip!

More details on the $NEXO crypto scam company — which is based in Sofia, Bulgaria, not Switzerland as they implied to the crypto community for months. And the latest thoughts on the coronavirus pandemic; are authorities in the US getting ready to ease restrictions on travel and businesses?

NEXO may have pushed American and British crypto users of their platform too far.

Brand new episode from DC! David Seaman was a regular guest on the Joe Rogan Experience, Duncan Trussell Family Hour, Coast to Coast, HuffPost LIVE, and elsewhere. Not financial or medical advice; no warranties or guarantees provided. https://fulcrumnews.com/affiliates to sign up for the referral/affiliate program. https://fulcrumnews.com/subscribe to get David’s email newsletter, and https://paypal.me/DavidSeaman to support our investigative reporting with a tip!

This is just unreal. This will be bigger than Mt. Gox, perhaps. Let’s see what happens in the days and weeks ahead as investigators learn more.

Listen to the call below. Contains some explicit language.

Wow. Never go full Antoni Trenchev. Users were sent “offer letters” in the days after the platform’s March 12-13 mass liquidation of users, in some cases without proper notice or user consent, it appears based on emails, screenshots, and other materials sent to FULCRUM:

Email to a NEXO user impacted by last month’s liquidation.

Email to a NEXO user impacted by last month’s liquidation.

Before receiving any “reacquired” funds, however, NEXO’s Trenchev forced users to sign a ridiculous legal document — which imposes a 50,000 British pound (about US$61,000) fine upon the user for each time NEXO finds they have criticized or negatively mentioned NEXO on social media. Incredible:

NEXO “Non-disparagement agreement” page 1 of 2

NEXO “Non-disparagement agreement” page 2 of 2

NEXO’s original claim of being SEC “compliant” — screenshot of their claim above — was recently removed from their website and promotional materials.

Today’s show: we discuss last month’s NEXO mass liquidations, which adversely impacted some in the Bitcoin and cryptocurrency world — the crypto lender, based in Bulgaria, is no longer answering customer support emails and has blocked many former supportive users on their Twitter. Also discussed, other news updates and why Bitcoin may be the perfect system for measuring value in a chaotic world, after all.

Not financial advice; no warranties or guarantees provided.

Bitcoin prices as fetched on a major search engine today.

The coronavirus economic meltdown continues, with COVID19’s magic touch sending barrels of oil bizarrely — and frighteningly — below US $1 per barrel.

Oil has been hit hard by the global transportation slowdown since COVID19 outbreak began.

Brand new episode from DC! David Seaman was a regular guest on the Joe Rogan Experience, Duncan Trussell Family Hour, Coast to Coast, HuffPost LIVE, and elsewhere. Not financial advice; no warranties or guarantees provided.

President Trump sounded off on the plight of General Michael Flynn and Roger Stone, both of whom are former Trump advisors who have fallen into the jaws of deepstate legal jeopardy — many believe, as retribution for Trump becoming President, instead of the deepstate’s favored hometown pick, Hillary Rodham Clinton.

At the press conference, focused on COVID19, Trump replied to a reporter’s question about Roger Stone, giving his in-depth formal thoughts on the topic for the first time. We have the full audio below.

The clip is worth listening to — click play below. "A disgrace to our country... these people suffered greatly,” Trump explained of Roger Stone and General Flynn’s unfair prosecutions.

"The top of the FBI were scum," the President goes on.

"And now the tables are turned, investigate the investigators... they're scum, they're human scum."