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DeFi as a solution in times of crisis
14.9.2023
Bitcoin helped pioneer this new era, but the future envisioned by Satoshi Nakamoto requires our continued efforts
Economist Peter Schiff Warns of ‘Massive Crisis’ and a Rush to Exit US Dollar
14.9.2023
Economist Peter Schiff has warned of “a rush” to get out of the U.S. dollar. “There’s going to be a massive crisis,” he predicted, adding that “it’s going to send the economy into a tailspin and people are going to feel the economic pain.” Peter Schiff’s...
FTX Estate Sues Layerzero Labs for $85M Over Alleged Fraudulent Deals and Asset Withdrawals Amidst Collapse
11.9.2023
The bankrupt estate of cryptocurrency exchange FTX is suing blockchain company Layerzero Labs in an attempt to claw back a $45 million deal and over $40 million in withdrawals made in the days before FTX filed for bankruptcy. The lawsuit alleges that Layerzero exploited FTX’s financial...
Shark Tank Star Kevin O’Leary Warns of Emerging Financial Crisis, Bank Failures
6.9.2023
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has sounded the alarm about an impending financial crisis. “We have a crisis emerging,” he warned, emphasizing that small business owners will be “cut off at the regional bank level.” He stressed: “You’re going to hear a...
Economist Peter Schiff Warns of ‘Full-Blown Financial Crisis’ Hitting US Economy Before Fed Reaches Inflation Target
27.8.2023
Economist Peter Schiff has warned about an impending “full-blown financial crisis” that he expects to hit the U.S. economy before the Federal Reserve reaches its inflation target. He further predicted that the financial crisis will force the Fed to raise its inflation target. Peter Schiff’s Latest...
Heatwave and Debt: Laos Suspends Crypto Mining Operations Amid Rising Power Demands
26.8.2023
In recent developments, Electricite du Laos (EDL) announced on August 24 that the power company shut down cryptocurrency mining activities. This decision came after this summer’s unprecedented heat surge escalated electricity demands. Furthermore, these mining operations have reportedly been...
Curve Crisis Shows Pitfalls of Decentralized Risk Management
23.8.2023
Top DeFi lenders allowed a crypto CEO to take a risky bet, raising key questions about how they manage risk
BRICS Bank Could Issue Digital Currency for the Economic Bloc, Analyst Says
21.8.2023
A Trace Finance analyst has suggested that the BRICS nations could launch a single digital currency issued and regulated by the New Development Bank, also known as the BRICS Bank. He stressed that the U.S. is facing the biggest crisis in history. Many expect a common BRICS currency that would...
Bitcoin, Ethereum Technical Analysis: BTC, ETH Seek Support Level, Following Worst Selloff Since FTX Crisis
19.8.2023
Bitcoin started the weekend trading below $26,000, as the cryptocurrency had its worst week since the collapse of FTX. Market sentiment was bearish following reports that Spacex liquidated its bitcoin holdings. Ethereum remains below $1,700. Bitcoin Bears continued to circle bitcoin (BTC) to start...
Curve Crisis Averted, NFT Loans Protocol Now Votes on Next Steps
18.8.2023
JPEG’d DAO voters are deciding how to account for a $1 million bounty
Bobby Zagotta, US CEO of Bitstamp, on US Crypto Regulation, The Banking Crisis, and Web3 Innovation | Ep. 257
18.8.2023
In an exclusive interview with cryptonews.com, Bobby Zagotta, US CEO & Chief Commercial Officer at Bitstamp, talks about 2023 market movements, Web3 innovation, navigating regulation, and the banking crisis. ...
Read More: Bobby Zagotta, US CEO of Bitstamp, on US Crypto Regulation, The Banking...
Michael Burry Bets $1.6 Billion Against Market: ‘Big Short’ Investor Takes Bearish Stance on S&P 500 and Nasdaq
15.8.2023
In filings with securities authorities released on Monday, renowned hedge fund manager Michael Burry, whose exploits were famously captured in the film “The Big Short,” took a bearish stance on the market. Burry’s Scion Asset Management shorted the S&P 500 and Nasdaq 100...
Bitcoin Price Prediction: Navigating Moody's Rating Cut and Banking Crisis
11.8.2023
The BTC/USD pair is currently experiencing a decline of nearly 0.50%, trading at $29,597 as it braces for the impact of the upcoming US Consumer Price Index (CPI) release.
Amidst this market backdrop, Bitcoin continues to demonstrate its resilience despite challenges such as Moody's rating...
Aave Token Holders Voting on 2 Proposals Following Averted Curve Liquidation Crisis
10.8.2023
The proposals, which aim to disable CRV borrowing and decrease Aave’s exposure to Curve’s native token on its Ethereum V2 markets, are responses to the liquidation pressure faced by Curved founder Michael Egorov
SEC Chair Warns AI Poised to Drive Future Financial Crises
9.8.2023
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has warned that artificial intelligence (AI) technology will be at the center of future financial crises. The securities regulator has put out a specific proposal to address some of the issues that could be embedded in AI models....
Economist Peter Schiff Warns US Dollar Collapse ‘Inevitable’
5.8.2023
Economist Peter Schiff has warned of an impending collapse of the U.S. dollar even though he sees Fitch’s downgrade of the U.S. rating this week as “meaningless.” While cautioning about a financial crisis and a crash, Schiff emphasized: “Given the trajectory of U.S....
FTX Seeks to Exclude Dubai Subsidiary From Ongoing Bankruptcy
3.8.2023
FTX Trading Ltd. filed a motion on Tuesday to dismiss its Dubai-based subsidiary, FTX Exchange FZE, from ongoing bankruptcy proceedings, citing the unit’s lack of operations and assets. Dubai’s FTX Exchange Faces Voluntary Liquidation After Motion to Dismiss From Parent Company In...
GameStop’s Faithful Stock Fans Are Finally Having A Crisis
3.8.2023
NFTs and the blockchain were supposed to take GameStop to the moon. Now the flagging video game retailer is dropping support for its crypto wallet as the Securities and Exchange Commission threatens to crackdown on the burgeoning nexus of finance, tech, and online gambling. It’s the latest...
Crypto Billionaire Justin Sun and Partners Step in to Aid DeFi Giant Curve Amid Crisis – Here's the Latest
2.8.2023
Tron founder and wealthy crypto investor Justin Sun has stepped up to save decentralized exchange (DEX) protocol Curve Finance from a potential bad debt crisis....
Read More: Crypto Billionaire Justin Sun and Partners Step in to Aid DeFi Giant Curve Amid Crisis – Here's the Latest
Japanese Yen Hits 20-Year Low Against US Dollar; BOJ Maintains Loose Policy Amid Inflation Pressures
2.8.2023
In the last month, Japan’s official currency has dipped slightly more than 1% in comparison to the U.S. dollar. Then, on Tuesday, the Japanese yen plummeted to its weakest position against the greenback in over 20 years, a shift that came after the Bank of Japan opted to keep its extremely...