More

    Debt Deflation Warnings, Shibarium Buzz Sees SHIB Rise, Former FTX US President Talks SBF, and More — Week in Review – The Weekly Bitcoin News


    “The Price of Tomorrow” author Jeff Booth has warned of a “great depression on steroids” if the U.S. Federal Reserve keeps hiking interest rates, while buzz about the anticipated layer two (L2) scaling solution known as Shibarium has been the backdrop for dynamic price movements in shiba inu. In other news, former FTX US president Brett Harrison has explained why he left the company and his relationship with co-founder Sam Bankman-Fried (SBF), of FTX infamy. All this and more just below.

    Jeff Booth Warns of Debt Deflation If Federal Reserve Keeps Hiking Interest Rates

    Jeff Booth Warns of Debt Deflation If Federal Reserve Keeps Hiking Interest Rates

    The author of “The Price of Tomorrow,” Jeff Booth, has warned about debt deflation, calling it a “great depression on steroids,” if the Federal Reserve continues to hike interest rates. He believes that eventually the Fed “will be forced to pivot.”

    Read More

    Former President of FTX US Shares His Experience and Relationship With CEO Sam Bankman-Fried in Detailed Twitter Thread

    Former President of FTX US Shares His Experience and Relationship With CEO Sam Bankman-Fried in Detailed Twitter Thread

    The former president of FTX US, Brett Harrison, published a 49-part Twitter thread explaining why he left the firm and his relationship with co-founder Sam Bankman-Fried (SBF) of FTX. Before his role at FTX US, Harrison worked with SBF at Jane Street and prior to joining FTX, he worked for Citadel Securities. In the Twitter thread, the former president of the U.S. subsidiary explained that his “relationship with Sam Bankman-Fried and his deputies had reached a point of total deterioration, after months of disputes over management practices at FTX.”

    Read More

    SHIB Token Sees Rise Ahead of Shibarium Beta Launch

    The meme token shiba inu has seen a rise against the U.S. dollar in recent days as the coin’s supporters anticipate the beta launch of the layer two (L2) scaling solution Shibarium. Developers detailed on Jan. 15, 2023, that the L2 platform, “Shibarium beta,” is about to be launched on top of the Ethereum blockchain to provide better scalability, faster transaction times, and lower fees.

    Read More

    Former SEC Official's Crypto Warning: A Regulatory Onslaught Is Just Beginning

    Former SEC Official’s Crypto Warning: Regulatory Onslaught Is Just Beginning

    The Securities and Exchange Commission (SEC)’s former head of internet enforcement has warned the crypto industry that a “regulatory onslaught is just beginning.” His warning followed several recent enforcement actions the securities regulator took against major crypto firms.

    Read More

    Tags in this story
    Brett Harrison, debt deflation, FTX.US, inflation, Jeff Booth, Regulation, sbf, SEC, shib, shiba inu, Shibarium, surveillance

    What are your thoughts on the “regulatory onslaught” that is said to be on the way? Be sure to let us know in the comments section below.

    Bitcoin.com

    Since 2015, Bitcoin.com has been a global leader in introducing newcomers to crypto. Featuring accessible educational materials, timely and objective news, and intuitive self-custodial products, we make it easy for anyone to buy, spend, trade, invest, earn, and stay up-to-date on cryptocurrency and the future of finance.

    Image Credits: Shutterstock, Pixabay, Wiki Commons

    Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.





    Source link

    Stay in the Loop

    Get the daily email from CryptoNews that makes reading the news actually enjoyable. Join our mailing list to stay in the loop to stay informed, for free.

    Latest stories

    - Advertisement - spot_img

    You might also like...