The law firm representing victims affected by the FTX collapse have publicly appealed to NBA superstar Shaquille O’Neal to show “courtesy and honor” by actually accepting their legal complaint after several unsuccessful attempts. In an April 14 tweet, The Moskowitz Law Firm revealed its team have been standing outside O’Neal’s TNT studios in Atlanta “all week” to serve him on…
Jeffrey Tucker says we are at the turning point for the U.S. dollar, citing a growing de-dollarization trend. “The dollar’s just not going to be king,” he warned, adding that history will record recent events “as the turning point for the dollar.” Jeffrey Tucker on De-Dollarization, USD’s Turning Point Jeffrey Tucker, an author and publisher who worked for former U.S.…
SEC Chair Gary Gensler will be in the hot seat on Tuesday, the star witness before the full U.S. House Committee on Financial Services on the topic of “Oversight of the Securities and Exchange Commission.” The next day, the Subcommittee on Digital Assets, Financial Technology and Inclusion will take up draft legislation relating to stablecoins. On the regulatory front, Gensler has…
Former U.S. President Donald Trump has warned that the U.S. losing a currency war against China would be like America losing a world war. “We’ll be a second-tier country,” Trump cautioned, adding that the U.S. dollar is “what makes us powerful and strong.” Donald Trump on US-China Currency War Former President Donald Trump warned in an interview with Fox News,…
While Musk left the board of OpenAI in 2018, the launch of the new AI startup will place Musk among other tech giants, such as Google and Microsoft, to build ne… Source: https://cointelegraph.com/public/index.php/news/elon-musk-reportedly-plans-ai-start-up-to-rival-chatgpt-maker-openai
Failure to register as a stablecoin issuer could result in up to five years in prison and a fine of $1 million. Issuers out of the United States would have to s… Source: https://cointelegraph.com/public/index.php/news/u-s-congress-to-introduce-new-draft-bill-for-stablecoins
Top Stories This Week Ethereum’s Shapella hard fork executed on mainnet The Ethereum blockchain’s mainnet, also referred to as the Beacon Chain, implemented the Shapella hard fork on April 12. The upgrade made fund withdrawals possible for those who have staked the network’s Ether (ETH) asset. Within the first hour of the hard fork, a total of 12,859 Ether were…
Economist Paul Krugman questioned why Republican Florida governor Ron DeSantis opposes a central bank digital currency (CBDC) in a recent opinion editorial. Krugman suggested that DeSantis may be motivated by “general paranoia.” He speculated that DeSantis may be influenced by individuals who fear a digital currency could hinder “un-woke activities such as tax evasion and money laundering.” Referring to CBDCs…
Illustration by Mitchell Preffer for Decrypt Bitcoin recrossed the $30,000 support threshold this week and hit a 10-month high. Meanwhile, Ethereum’s lShapella upgrade finally went live, allowing validators to unlock their staked ETH and their rewards accrued so far and freeing up a staggering $34 billion ETH in the process. The coin’s price accordingly hit an 11-month high. These successes…
A new draft bill providing a framework for stablecoins in the United States was published on the House of Representatives’ document repository, a few days before a hearing on the topic on April 19. The draft puts the Federal Reserve in charge of non-bank stablecoin issuers, such as crypto firms Tether and Circle, respectively issuers of Tether (USDT) and USD…
