Global Law Enforcement Agencies Dismantle Darknet Marketplace Monopoly Market, Arrest 288 and Seize $53.4 Million
17:30 US Bank Lending Drops by Record $105 Billion in Two Weeks, Trillions Moving to Money Market Accounts, Elon Musk Warns ‘Trend Will Accelerate’
15:34 ‘Not Related to a Digital Currency’ — US Central Bank Addresses Concerns Over Fednow Payment Network
20:30 ‘Panic of 2023’: James Corbett Explains How Bank Crisis Could Lead to CBDC ‘Nightmare of Total Monetary Control’
Businesses should hold two payrolls 'worth of cash' in crypto: Tim Draper American venture capital investor Tim Draper warned business founders to prepare for "more and more" bank failures if the government continues to "print money and whipsaw interest rates." News Own this piece of history Collect this article as an NFT American venture capital investor and entrepreneur Tim Draper advised founders to keep at least two […]
Report Reveals Limited Accounting Records, Commingled Funds at FTX Digital Markets in the Bahamas PWC, one of the ‘Big Four’ auditors and among the largest professional services networks globally, recently published a report on FTX Digital Markets, the bankrupt crypto exchange’s Bahamian subsidiary. The report indicates that the entity’s accounting records have been limited, and it also noted that there is “little distinction between what represents potentially client monies […]
US Government Seizes $700 Million in Assets From Disgraced FTX Co-Founder Sam Bankman-Fried Federal prosecutors have seized $697 million in assets, mostly comprised of more than 56 million Robinhood shares worth $526 million, from FTX co-founder Sam Bankman-Fried. Court filings detailed that the U.S. government seized a series of bank accounts belonging to Bankman-Fried, holding millions in cash. US Government Seizes Millions in Cash and Robinhood Shares From […]
Latam Based Crypto Exchange Bitso Launches QR Payment Service for Tourists in Argentina Bitso, one of the largest cryptocurrency exchanges in Latam, has launched a QR payments program geared towards travelers in Argentina. The service proposal seeks to ease the way in which travelers and tourists make payments in the country, using Bitso’s interoperable QR payment technology to avoid unnecessary and often confusing cash exchange transactions in the […]
Southeast Asia and DeFi’s Big Bet on the Unbanked In one of the more striking early scenes from P.T. Anderson’s 2007 film, There Will Be Blood, there is a gas explosion that destroys the drilling rig set up by oil tycoon Daniel Plainview. Noticing one of his employees observing the situation dejectedly, Plainview rebukes the man, saying: “What are you looking so miserable about? […]
Publicly-Listed Bitcoin Miner Argo Blockchain’s Stock Gets Downgraded, Firm Offloads Close to 4,000 Bitmain Miners On Oct. 31, 2022, the publicly-listed bitcoin miner Argo Blockchain revealed the firm’s attempt to obtain $27 million in a scheduled financing deal fell through. According to the company’s October update, Argo said it did not believe the deal “will be consummated” and now two market analysts have downgraded the company’s shares. Argo Blockchain’s $27 […]
Bitcoin 'bear flag' breakdown targets $15K as US dollar hits 20-year high On Sept. 6 Bitcoin (BTC) price crumbled below $20,000 and the asset looks ready to undergo further decline in September due to a strong U.S. dollar and an ominous technical analysis pattern. Bitcoin eyes $15,000 next From a technical perspective, Bitcoin risks dropping to $15,000 or below in the coming weeks after breaking out of […]
Critic of Bitcoin’s ‘one-percenters’ still positive about future of digital assets A future without digital assets is hardly imaginable but Bitcoin (BTC) is far from being perfect by design, according to a finance professor at the London School of Economics (LSE). LSE financial professor Igor Makarov believes that digital money and digital assets will undoubtedly be part of the future of finance and their efficiency will […]
Official explains why China CBDC should not be as anonymous as cash China’s central bank digital currency (CBDC) should not be as anonymous as cash, the head of the People’s Bank of China (PBoC) digital currency institute declared. Digital yuan project lead Mu Changchun spoke of China’s CBDC project at the 5th Digital China Construction Summit on July 24, local financial publication Sina Finance reported. Since debuting […]
There Is No Such Thing As A “Lightning Wallet” This is an opinion editorial by Roy Sheinfeld, cofounder and CEO of Breez. Although Breez often ranks highly on lists of the best “Lightning wallets,” attentive readers will have noticed that we never refer to Breez as a “wallet.” We’re not trying to confuse anyone. On the contrary, it’s the language of “wallets” in the […]
Risk of ‘Significant Drawdowns’ Pushes Cypherpunk Holdings to Sell Entire Stash of Bitcoin and Ethereum On Tuesday, the Canada-based investment firm Cypherpunk Holdings Inc. announced that the company has sold all of its bitcoin and ethereum due to the “risk of further significant drawdowns.” The company has transitioned its treasury to cash after selling 214.72 bitcoin and 205.82 ethereum as Cypherpunk Holdings continues “to see systemic risks propagating” across the […]
The Pre-Bitcoin History You Should Know: Basic Cash Versus Fiduciary Media This is an opinion editorial by Matthew Mezinskis, creator of the “Crypto Voices” podcast and Porkopolis Economics. Take a moment to reflect on how long you’ve been in Bitcoin. Now take another to ask yourself how many articles on money you’ve read along the way; And not just those medium-of-exchange or store-of-value pieces. Think about […]
U.S. dollar index retreats from 20 year highs — but will DXY topping spark a Bitcoin recovery? The U.S. dollar index (DXY) retreated broadly from its prevailing bull run in the past two weeks, dropping by up to 3.20% after hitting its two-decade high of 105. Overvaluation risks grip dollar market Dollar's correction in the last two weeks preceded twelve months of relentless buying. To recap, the greenback's weight against the basket […]
People Want Digital Cash, Governments Need to Accept That, Circle CEO Says Sara Pantuliano, Asif Saleh, Brad Garlinghouse, Jeremy Allaire. Source: a video screenshot / weforum.org There is a reason that “cash is king,” and people around the world want a digital form of cash that is private, offers final settlement, and cannot be “turned off” by a central party, argued Jeremy Allaire, co-founder and CEO of digital […]
Over 3,000 ATMs in Beijing Offer Digital Yuan Withdrawals Leading Chinese banks have introduced digital yuan withdrawals at more than 3,000 ATM locations in Beijing. Residents of the capital city will now be able to exchange their e-CNY funds for cash and vice versa. Some of the teller machines are located in a popular shopping area. Banks Launch Support for Digital Yuan at ATMs […]
Kalashnikov Eyes Digital Ruble Settlements as Russia Aims to Replace ‘Dirty Money’ Kalashnikov Group, the Russian firearms manufacturer, is ready to transition to settlements in digital currency. The announcement came from the international economic forum in Saint Petersburg where the central bank of Russia reaffirmed its intention to replace “dirty” and “infectious” paper cash with the digital ruble that’s currently under development. Russia’s Kalashnikov Concern Looks Forward […]
