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Back with all the important news, you need to know
and much more…
Here is what I have for you today:
On popular demand: University scholarship of the week
Story: Ban on Tornado cash
What does fidelity think about BTC?
Quick links
Meme of the week
Let’s get Started!
UNIVERSITY SCHOLARSHIP (USA)
Many of you wanted me to cover scholarship opportunities in the US
so here it goes…
In this week’s newsletter, I will be talking about the Berea College Scholarship
Berea College
Berea College Scholarships are available to international students from all around the world. Berea College Scholarship will provide 100% financing to all enrolled international students. This mix of financial aid and scholarships helps to cover the costs of tuition, accommodation, and books.
Scholarship Summary
Level of Study: Undergraduate
Institution(s): Berea College
Study in: USA
Deadline: October 15, 2022 / January 15, 2023
Program Period: Four years or longer depending on the major.
Scholarship Coverage
For the first year of enrolment, all enrolled overseas students receive full funding.
International students are expected to save $1,000 (US) per year for their costs in the following years.
The College does provide summer jobs to international students so that they may meet this obligation.
Accepted international students are expected to pay a $50 (US) entrance fee and a $2,200 (US) deposit to confirm their enrollment.
International students may use this deposit for certain costs during their four years of education.
Additional financial aid is offered to students who are unable to pay the full or a portion of the deposit.
Throughout the academic year, all overseas students are provided with a paid on-campus job through the College's Work Program. Students may utilize their earnings (about $2,000 in the first year) to meet personal expenses.
Eligibility Criteria
Required Language: English.
Eligible Countries: All world countries.
International Application for Admission and Scholarship form.
International Personal Essay and Essay Cover Sheet.
Official scores from at least one of the following exams: TOEFL, IELTS, ACT, or SAT.
Official secondary school records.
Personal Statement of Financial Circumstances.
International Financial Questionnaire (IFQ).
International Financial Recommendation Form.
Two (2) Admission Recommendation forms, at least one of which should be written by a current or former teacher.
How to Apply
Read the requirements carefully to check if you are eligible here.
Click here to start the online application form.
Mail the application form and send it alongside the rest of the requirements to Berea College Office of Admissions209 Chestnut Street, Berea, KY 40403 USA.
Next week I will be back with another scholarship opportunity.
BAN ON TORNADO CASH
Tornado Cash has been added to the list of Specially Designated Nationals (SDN) in the United States. - In short, it has been BANNED.
Why?
Well….Arguably, it has played a central role in laundering more than $7 billion.
Here are three events that have occurred since then:
Vitalik acknowledged using Tornado Cash. No, he is not a money launderer. He utilized it to make charitable contributions to Ukraine. This was done as the anonymity of Tornado shielded the receivers from the Russian government if they attempted to hunt down the donations.
Tornado'd ETH, which is currently prohibited, was sent to celebrities. Someone began utilizing Tornado to transfer money to individuals like Shaq, Zuckerberg, Jimmy Fallon, Brian Armstrong, and others as soon as the news was made public.
Someone noticed that the government was branding Tornado Cash users as "bad guys." Hence, they began using Tornado to transfer money to a variety of well-known figures in an effort to create confusion and paint everyone as equally responsible.
Last, but the most interesting thing to happen…
3. Following the ban, Tornado Cash usage reached NEW ANNUAL HIGHS.
WHAT DOES FIDELITY THINK ABOUT BTC?
Fidelity is one of the world's largest financial planners. They oversee a massive $4.5 trillion in assets.
They published a document on Bitcoin earlier this year. Comparing BTC to Gold and Fiat currency.
They explain that aside from "established track record" bitcoin is superior in every manner.
Portability: Gold is heavy and difficult to move.
Verifiability: Counterfeits have been produced for both gold and fiat money. Gold can be validated, but it takes a while. However, nobody has been able to use a fake bitcoin (yet).
Scarcity: Gold is limited, but Bitcoin is limited and scarce, and the only thing limiting the supply of fiat money is the willingness of the government or central bank.
History: When it comes to sustaining its value as money, gold has the longest track record. Fiat money has a disappointing history (every fiat currency has devalued over time). The shortest history is that of Bitcoin.
Quick links
In this section, you can find more mention-worthy highlights of the week
Hodlnaut Joins Long List of Crypto Firms Freezing Withdrawals
Crypto.com Expands Into South Korea Via Two New Acquisitions
Ripple Is Considering Buying Bankrupt Crypto Lender Celsius’ Assets
MEME OF THE WEEK
Hold tight fellas…Bull run is just around the corner 🙏
Disclaimer: This is not financial advice or recommendation for any investment. The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
Thanks for sharing about Universities in US.