Month: April 2023

NFT app Rebase co-founder accused of going ‘rogue’ in suit by partner

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The co-founder of the nonfungible token (NFT) project Rebase is facing a lawsuit from his apparent business partner accusing him of going “rogue” by stealing $2 million from a joint crypto wallet and ousting an apparent co-founder out of the firm. An April 17 filing in a United States District Court in California from Krzysztof Gagacki, who says they’re the co-founder of Rebase, made eight separate complaints against the firm’s other co-founder Edmond Truong. Gagacki is demanding a jury trial for breach of contract, breach of fiduciary duty, defamation and…

Russian Foreign Minister Sergey Lavrov Explains ‘Multipolar’ World View in Brazil – Economics Bitcoin News

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Sergey Lavrov, the Russian foreign minister, started his tour of Latin America on April 17, landing first in Brasilia to hold high-level talks with Brazilian President Luiz Inacio ‘Lula’ da Silva and Brazilian Foreign Minister Mauro Vieira. Lavrov insisted that Russia was building a “multipolar” world, while Vieira rejected the unilateral sanctions enacted against Russia. Russian Foreign Minister Sergey Lavrov Talks Multipolar World in Brazil Russian Foreign Minister Sergey Lavrov started his Latin America tour on April 17, landing in Brazil to hold high-level discussions with Brazilian President Luiz Inacio…

Trump drops more NFTs ahead of presidential run, Meta opens to teens and more

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Trump drops series 2 NFT collection ahead of presidential run Another round of digital nonfungible tokens (NFTs) trading cards have dropped bearing the likeness of former United States President Donald Trump, with 38,001 minted on Polygon (MATIC). The collection was launched on April 18 at a price of $99 each, it currently has a floor price of 0.0659 ETH ($145) according to data from NFT marketplace OpenSea and has racked up a volume of 592 Ether (ETH), or over $1.2 million. Based on the collections creator fee of 10% the…

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…