👀 Cryptoqueen Evades Capture

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👋 Friends, Rallie here. The crypto, finance, and tech newsletter that’s a perfect read during your (late) afternoon snack.

On the menu:

• 👀 Cryptoqueen Evades Capture

• 🗞️ Headlines That Hit

• 📈 Refresh: Exchange Traded Funds (ETFs)

• 💯 Top Tweets

The Rallie Recap

👀 OneCoin's mastermind is locked up, but the 'Cryptoqueen' is still playing hide and seek. Here's the twisted tale of OneCoin:

• Coin With A Twist: Hailing from Bulgaria in 2014, OneCoin wasn't your typical shimmering crypto. In a mere span of two years, it gulped down over $4B USD from an astonishing 3.5M individuals.

• But today, the universe had its own payback: OneCoin co-founder Karl Greenwood, was sentenced in the United States to 20 years in prison and ordered to pay $300M USD.

• Who is the mysterious Cryptoqueen? The other co-founder of OneCoin, real name Ruja Ignatova, is still on the lamb. In fact, she’s been the star of the FBI's Most Wanted list since 2017, managing a vanishing act that would make magicians envious.

• Her last known escapade? A swift exit to Greece, with many whispering that she's undergone a heavy transformation involving plastic surgery.

• Golden Tip Reward: If you're the detective sort and have a clue about Ignatova's whereabouts, the FBI is ready to make it worth your while with a reward of $250K USD. 

• Legit vs. Illegit: While cryptos like Bitcoin and Ethereum have well-established tech foundations, OneCoin's foundation was a bed of lies.

• Its value wasn't determined by market dynamics but was arbitrarily set by the founders. Quite the house of cards…

• False Promises: Greenwood and Ignatova portrayed OneCoin as the next big crypto sensation. But behind the curtain, it lacked any genuine value. 

• The High Price of Deception: While the monetary losses are astounding, the emotional and reputational cost to millions of defrauded investors cannot be quantified. 

• The tale of OneCoin is a stark reminder of the importance of due diligence.

Headlines That Hit

• 🍎 Extra, extra! Apple just held its annual iPhone launch event, and here’s everything you need to know.

• 🎤 You’re hired! A Tennessee newspaper is hiring a full time Taylor Swift reporter — read for the job description.

• 🔒 Surprise, surprise. Sam Bankman-Fried loses his bid for pretrial jail release.

• 🤝 The future of crypto? Banking powerhouse HSBC is working with crypto custody firm Fireblocks.

Rallie Refresh: Exchange Traded Funds (ETFs)

📈 Exchange Traded Funds (ETFs) have become a popular choice among investors for their simplicity and flexibility. But what exactly are they?

• Basket of Assets: At its core, an ETF holds a collection of assets, whether stocks, bonds, or commodities, mirroring a specific index like the S&P 500.

• Trade Like Stocks: Unlike traditional mutual funds, ETFs can be bought and sold on stock exchanges at fluctuating prices throughout the trading day.

• Diversification: By owning an ETF, you're essentially spreading out your investment across various assets, which can help mitigate risks.

• Dividend Yields: Like stocks, many ETFs provide dividends to their investors based on the income generated by the underlying assets.

• Variety: From sector-specific to global market ETFs, there's a flavour for every investor's palate.

• Lower Expense Ratios: ETFs typically have lower annual operating fees compared to mutual funds. This means that a smaller portion of your investment is used for fund maintenance and management, making them an economical choice for many investors.

• Passive Management: Many ETFs are index-tracking, meaning they aim to replicate the performance of a specific index. This passive management often results in lower fees, whereas mutual funds, which are actively managed, incur higher costs due to research and frequent trading.

🚀 In essence, ETFs provide an accessible, diverse, and efficient way to navigate the vast financial markets, making them a favoured tool for both new and seasoned investors.

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DISCLAIMER: This is not financial or legal advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions