Day: May 3, 2023

Russia Monitoring US Economy Amid Possible Default, Says Official – Economics Bitcoin News

boss

Russia is closely monitoring the U.S. economy amid discussions of the U.S. government defaulting on its debt obligations. Treasury Secretary Janet Yellen said the Treasury will be unable to pay the government’s bills if Congress does not act by June 1. Russia Monitoring US Economy in Case of Debt Default Russia is closely monitoring the state of the U.S. economy as discussions of possible debt default intensify, Kremlin Spokesman Dmitry Peskov told reporters on Tuesday. “We see that the U.S. economy, just as the global economy, is currently experiencing certain…

John E. Deaton alerts of possible XRP price manipulation

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Attorney John E. Deaton has cited possible price manipulation of the XRP token after a tweet was published by Blockchain Daily, a platform that publishes news about cryptocurrencies. Although the Tweet alluded to a meeting between Ripple and the SEC, no information about the nature of that meeting was provided. The tweet from Blockchain Daily provided an exciting update on the groundbreaking case of Ripple vs. the SEC, over the XRP token and more. Deaton questioned the…

Retail CBDCs bring unknown ‘consequences’ to financial system: IMF director

boss

A myriad of unforeseeable “consequences” will be brought about by retail central bank digital currencies (CBDCs), the managing director of the International Monetary Fund (IMF) claimed. The IMF’s Kristalina Georgieva erred on the side of caution regarding retail CBDCs in a May 1 interview at the Milken Institute’s 2023 Global Conference. Georgieva explained the IMF considers retail CBDCs to have far more room for error than wholesale CBDCs. “We think that wholesale CBDCs can be put in place with fairly little space for undesirable surprises, whereas retail CBDCs completely transform…

Ron DeSantis Vows to Prohibit CBDC, ‘Woke Politics,’ and ‘Financial Surveillance’ in Florida – Bitcoin News

boss

Florida governor Ron DeSantis reiterated his call for a ban on central bank digital currencies (CBDCs) during a visit to Jacksonville on Tuesday. Last March, DeSantis pushed for legislation to prohibit a CBDC in Florida. At Tuesday’s event called “Government of Laws, Not Woke Politics,” he stated that if the U.S. Federal Reserve or Treasury were to codify a CBDC, his state would have a “prohibition against” it. DeSantis Slams ‘Woke Politics,’ Insisting ‘They Don’t Like Crypto Because They Can’t Control Crypto’ On May 2, 2023, the Republican Florida governor…

British MP Lisa Cameron calls for cryptocurrency regulation

According to British MP Lisa Cameron, she refrains from investing in cryptocurrency to maintain objectivity in legislation, but she still recognizes the need for ongoing regulation. During the Consensus 2023 conference in Texas, Cameron reveals the foundation for her advocacy in cryptocurrency policies.  A global hub for crypto-asset technology Dr. Lisa Cameron is a U.K. Parliament member who serves as the chair of the Crypto and Digital Assets All Party Parliamentary Group (APPG) and the Foreign Affairs APPG and works alongside prime minister Rishi Sunak, who has shown an interest…

Balaji pays out his crazy $1M Bitcoin bet, 97% under price target

boss

A $1 million Bitcoin (BTC) price bet has been closed out 97% under its target price, with its backer Balaji Srinivasan choosing instead to donate a total of $1.5 million to three different entities as a settlement. On May 2, Srinivasan, the former chief technology officer at Coinbase, said the bet had been “closed out by mutual agreement” 45 days ahead of time. As a settlement, Srinivasan paid pseudonymous Twitter user and self-titled “hyperinflation doubter” James Medlock $500,000, donated $500,000 to Bitcoin Core developers and gave an additional $500,000 to…

Coinbase stock will be ‘weighed down’ until US rules are clear: Citi

boss

Crypto exchange Coinbase’s stock price will continue to be “weighed down” until regulators establish the legal “rules of the road” in the United States, according to investment analysts from Citi. As per reports on May 1, the investment bank downgraded shares of the crypto exchange from “Buy” to “Neutral” and lowered its price target — citing “too many unknowns” as the company battles it out with regulators. Screenshot of the analyst note from Citi. Source: Twitter “Until the regulatory ‘rules of the road’ are better established in the U.S., the…

Economist Peter Schiff Warns of Stagflation in US Economy — Says ‘It’s Going to Get Worse’ – Economics Bitcoin News

boss

Economist Peter Schiff has warned that the U.S. economy is facing stagflation and the situation is going to get worse. “Not only is the economy weakening, but inflation is strengthening,” he stressed, emphasizing: “You have the worst of both worlds.” U.S. Economy and Stagflation Economist and gold bug Peter Schiff warned about the U.S. economy facing a period of stagflation, characterized by high inflation and high unemployment, in an interview with Fox News Thursday. Schiff explained: In Q1 of this year, inflation actually strengthened over the fourth quarter of last…