Day: April 19, 2023

US Attorney seeks 7-year sentence for exec in crypto shadow banking case

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A long sentence is being sought by United States prosecutors for an executive in a crypto shadow banking case that has dragged on for five years. On April 18, U.S. District Attorney Damian Williams filed a request in advance of the sentencing of Reginald Fowler which is scheduled for April 20. Fowler, the former minority owner of the Minnesota Vikings NFL team, was originally arrested and charged with bank fraud, illegal money transfers and conspiracy connected to shadow banking practices in 2019 over his alleged operation of an unlicensed money…

US Dollar’s Reserve Currency Status Eroding at ‘Alarming Pace’ – Economics Bitcoin News

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Asset management firm Eurizon SLJ’s strategists have warned that the erosion of the U.S. dollar’s global reserve currency status has accelerated at an alarming pace in recent years, especially following the onset of the Russia-Ukraine war. They noted that the USD has declined 8% in one year, which is “equivalent to 10 times the average annual pace of erosion in the USD’s market share in the prior years.” Strategists on the U.S. Dollar Losing Its Global Reserve Currency Status Eurizon SLJ Asset Management says the U.S. dollar experienced a significant…

UK may have crypto regulation within a year, says senior minister

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The United Kingdom could lay out digital asset regulation within 12 months a British lawmaker claimed, saying the country wants to capitalize on the benefits that blockchain can bring to the private sector and economy. In an April 17 CNBC interview, Andrew Griffith, the economic secretary to the U.K. Treasury said the long-term vision is to “let firms make the most of the opportunities from crypto assets” with sound crypto regulation. For the first time in “decades,” Griffith claimed the U.K. government is now well-positioned to regulate crypto in a…

Analyst – Economics Bitcoin News

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Fitch Solutions’ global head of country risk has named the rising adoption of cryptocurrencies, the de-dollarization efforts by the BRICS countries, and China’s rising “economic might” as key factors that erode the U.S. dollar’s dominance over time. He cautioned that China will “exert more influence in global financial institutions and trade.” Analyst Explains Why U.S. Dollar’s Dominance Is at Risk Fitch Solutions’ global head of country risk, Cedric Chehab, explained why the U.S. dollar’s dominance is declining in an interview with CNBC on Sunday. Fitch Solutions provides financial information services;…

Bitcoin BTC Price Rally Stalls Above $30K

In an email to CoinDesk, Anthony Georgiades, co-founder of Pastel Network, a decentralized blockchain for non-fungible tokens (NFT), cryptos and Web3 technology, attributed bitcoin’s plunge under $30,000 to “converging elements,” particularly the looming prospect of an inflation-focused Fed continuing its diet of hawkish interest rate hikes. But he also noted a loss of public confidence in the dollar and banking system. Source

This AI Chatbot Plugs Into Your Crypto Wallet

To start, Omni’s crypto functionality can interact only with marginFi. It’s not yet able to generate transactions between wallets. Pavlovsky said he’s in talks with other Solana teams, including Drift and Backpack, about utilizing Omni on their respective protocols. He wants the tool to become a virtual assistant for navigating Web3. Source ChatbotCryptoPlugsWallet CryptoX Portal

Robert Kiyosaki Expects Bitcoin’s Price to Keep Rising — Says ‘I’m Betting on It’ – Markets and Prices Bitcoin News

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The author of Rich Dad Poor Dad, Robert Kiyosaki, expects the price of bitcoin to keep rising. “I’m betting on it,” he said. Kiyosaki also shared that he bought 60 bitcoin when the price of the cryptocurrency was at $6,000 per coin. Robert Kiyosaki Expects Bitcoin’s Price to Keep Going Up The author of Rich Dad Poor Dad, Robert Kiyosaki, has expressed his confidence that the price of bitcoin will keep going up. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been…

Volt Inu is Ready to Launch VoltiEco the AI-Powered Ecosystem – Press release Bitcoin News

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press release PRESS RELEASE. Volt Inu announced on Twitter on April 18, 2023, that it would launch VoltiEco within the following 3 weeks. VoltiEco, an AI-powered ecosystem, will collect existing and upcoming crypto protocol airdrops to sustain the Volt Inu ecosystem by rewarding holders and ensuring project development. A new product developed by Volt Inu Volt Inu has recently announced that it would launch VoltiEco, a decentralized and autonomous protocol that aims to engage with multiple network, protocol, or blockchain airdrops. Through VoltiEco, Volt Inu aims to sustain the company’s…