Glitchy Launch

May 25, 2023 [image] [image] Welcome to the Weekly Rundown. The legendary Tina Turner, an absolute force in the world of music, has passed away. Her departure has left a void that can never be filled. Our hearts go out to her family during this difficult time. As we pay tribute to this remarkable artist, she was one of the best-known celebrities to have renounced US citizenship. After residing in Switzerland for more than two decades, Tina Turner made a life-altering decision. Europe had embraced her music wholeheartedly, and with her boyfriend overseeing a business there, Switzerland became her sanctuary. Tightening the Belt: Treasury Seeks Creative Solutions to Avoid Default [image](=) Washington is in the midst of a [financial frenzy](=). The Treasury Department is playing a high-stakes game of financial acrobatics to avoid an unprecedented default as the cash reserves dwindle. With the federal debt ceiling deadline looming, President Biden and House Speaker Kevin McCarthy are under intense pressure to strike a deal and prevent financial chaos. In a daring move, Treasury officials have been asking federal agencies if [payments can be postponed](=) while exploring every nook and cranny for spare change. As the clock ticks, the nation holds its breath, awaiting a resolution that could make or break the economy. [image] [image](=) [image]() Glitchy Launch: Ron DeSantis Enters 2024 Race [image]() The anticipated entry of Ron DeSantis into the 2024 race for the White House hit a few technical bumps along the way. A Twitter livestream malfunction caused [a 20-minute delay]() in the Florida governor's bid for the Republican presidential nomination. However, once the event kicked off, DeSantis wasted no time showcasing his conservative credentials, emphasizing his anti-lockdown stance and education reforms. With aspirations to lead the "[great American comeback,]()" DeSantis aims to challenge former President Donald Trump as the top contender in the 2024 general election. As the race heats up, we can expect more twists and turns on the campaign trail for this relative newcomer to the national political stage. [image] Tina Turner's Farewell: From Music Icon to Swiss Citizen [image]() With heavy hearts, we bid farewell to the legendary Tina Turner, who passed away on Wednesday, May 24, 2023, at her home in Küsnacht, Switzerland. A true music icon, she will be remembered as one of [the greatest legends ever to grace the stage](). Back in 2013, at the age of 73, Tina Turner [signed the "Statement of Voluntary Relinquishment of U.S. Citizenship"]() to become a citizen of Switzerland. She had been living in Switzerland for over two decades with her second husband, German music producer Erwin Bach. Europe had embraced her music and success, making her feel right at home. Turner stated that her ties to the U.S. were primarily family-related, but she had no plans to reside there in the future. It's clear that Tina found solace and happiness in Switzerland, a place where she could truly be herself. [image] [image](=) [image]( Turkish Citizenship Program on Thin Ice [image]() The [future of Turkey's Citizenship by Investment Program (CIP)]() hangs in the balance. Following the first round of elections, we're now looking at a high-stakes run-off on May 28th. While President Erdogan and his party, AKP, are the favorites, there's a serious possibility that the opposing multi-party coalition could clinch the win. If that happens, according to Taymour Polding of CIP Turkey, we could be [bidding adieu to the Citizenship by Investment Program](). If the opposition takes the reins, citizenship might be off the table, but real estate-based residence permits could survive. The specifics, though, remain up in the air​. [image] [image]( [image]() Bitcoin Surges as Hong Kong Opens Doors to Retail Investors [image]() Bitcoin is making waves in the wake of Hong Kong's groundbreaking announcement. The Securities and Futures Commission (SFC) has given the [green light for retail investors to trade digital assets starting June 1](=), aligning with expectations that Asia will fuel the next crypto bull run. Bitcoin wasted no time, surging over [2% to reach $27,500](=), testing a key resistance level. While the immediate impact on local traders may be limited, as they likely already access offshore markets, Hong Kong's decision serves as a powerful reminder that the crypto adoption pool is set to expand. As Bitcoin strives to overcome resistance and navigate the ongoing drama surrounding the [U.S. debt ceiling](), all eyes are on this digital asset and its short-term trajectory. [image] [image]( [image]() DeSantis Warns: Bitcoin Represents a Threat to the Regime [image](=) Florida's governor, Ron DeSantis, has made a bold statement during a Twitter space chat with Elon Musk and David Sacks, [officially announcing his bid for the U.S. presidency](=). DeSantis declared his [support for crypto](=) and highlighted the growing hostility of the current regime towards Bitcoin. He sees cryptocurrency as a symbol of civil liberties and claims that the powers that be are actively working to regulate it out of existence. With the battle lines drawn, DeSantis positions himself as a defender of individual freedom in the digital age. The clash between cryptocurrencies and the establishment is reaching new heights, and the 2024 election may become a [referendum on the future of money](=). [image] [image]( [image]( Work Visa Costs: Most Expensive and Cheapest Countries [image](=) Not all countries are created equal when it comes to the [price tag attached to the coveted work permit](. According to a recent report by William Russell, [Colombia]( takes the crown for having the highest average work visa fee, clocking in at a hefty $297. Mexico and Chile aren't far behind, with average fees of $246 and $153, respectively. While on the other side, you have [Israel](, where you can score a work permit for just $47, while Switzerland and Spain offer affordable average fees of $55 and $57, respectively. When planning your international work adventure, it's essential to factor in these visa costs alongside other considerations like living expenses and job prospects. [image] [image]( [image]( Dubai's Record-Breaking Real Estate: Sand Plot Sells for $34M [image]( Dubai never fails to astonish us with its extravagant real estate ventures. Recently, an [empty sand plot on Jumeirah Bay Island sold for a staggering $34 million](. The 24,500-square-foot property, originally purchased for under $10 million in 2021, saw a mind-blowing [242% increase in value](. Its sale sets a new standard for exclusivity and showcases the allure of Dubai's real estate market. Dubai's real estate market continues to thrive, with international investors drawn to the city's spacious living options, excellent handling of the pandemic, and enticing lifestyle. [image] [image]() [image]( IRS Goes Global: Cyber Attachés to Tackle Cryptocurrency Crimes [image](=) The IRS is taking the fight against cybercrime to a [global level with the launch of its Cyber Attaché Program](). By stationing cyber attachés in key locations worldwide, including Sydney, Singapore, Bogota, and Frankfurt, the IRS aims to crack down on tax and financial crimes associated with [cryptocurrencies and emerging financial technologies](=). In parallel, US authorities are actively targeting cyber criminals who exploit cryptocurrencies for illicit purposes. Recently, they dismantled [ChipMixer](), a darknet cryptocurrency mixer involved in money laundering and various illegal activities. [image] [image](=) [image]() Bernard Arnault's Wealth Dips, Elon Musk Closes in on the Top Spot [image](=) In a dramatic turn of events, Bernard Arnault, the world's richest person, witnessed a staggering [$11.2 billion vanish from his fortune as LVMH shares took a hit](=). This decrease in net worth has narrowed his lead over the tenacious Elon Musk, as Arnault's wealth now stands at $192 billion, giving him a mere $12 billion edge over Musk's formidable $180 billion fortune. The catalyst behind this setback was a market-wide upheaval in the luxury retail sector, triggered by apprehensions about a [potential slowdown in US consumer spending](=). Despite this slight setback, it's worth noting that Arnault's wealth still boasts a significant increase of almost $30 billion since the beginning of the year. [image] [image]() [image]( Feel free to check out our [SERVICES]() [ARTICLES](=) [PODCAST]( [Update Email Preferences]( | [Unsubscribe]( Nomad Capitalist LLC Kidnah, Block A Plot 4 Fujairah, Al Fujayrah United Arab Emirates (the) +1 (979) 966-6623