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Taught from a young age to work hard and think for herself, media pro Natalie Brunell is dedicated to sharing Bitcoin with the world. bit.ly/3f7o14k http://dlvr.it/SnJ8gk

Cross River is yet to admit nor deny the allegations that it “engaged in the unsafe or unsound banking practices” related to its lending activity in 2021. from Cointelegraph.com News https://ift.tt/hompSFu via IFTTT

U.S. Senator Rand Paul has warned that the U.S. dollar could lose its status as a global reserve currency. “For a variety of reasons, both foreign policy as well as fiscal irresponsibility, yes, the dollar is in a precarious position,” said the lawmaker. Senator Rand Paul on U.S. Dollar Losing Reserve Currency Status U.S. Senator Rand Paul (R-KY) shared his concerns about the growing de-dollarization trend and the USD losing its global reserve currency status in an interview with Fox Business Thursday. He was asked: “Is king dollar going to be tossed off of its throne because of bad fiscal and monetary policies? Is it going to lose its world reserve status in your judgment?” The senator from Kentucky replied: I am concerned about it. “I think our foreign policy has something to do with that … We’ve pushed all of our adversaries farther and farther away from us and closer and closer together. It’s not just Russia and China being pushed together by foreign policy and obviously, s...

Circle launches cross-chain transfer protocol, Visa shares plans for stablecoin product, Kraken fights back in court, and more. from Cointelegraph.com News https://ift.tt/ApyK0lX via IFTTT

Bridgewater Associates founder Ray Dalio has warned that the U.S. and China are “on the brink of war” and “are beyond the ability to talk.” The billionaire added that their relations “are getting so bad” that U.S.-China trade could collapse. He cautioned that the next 18 months “will be a very risky period.” U.S. and China on the Brink of War, Says Dalio Ray Dalio, the founder of the world’s largest asset manager, Bridgewater Associates, warned in a Linkedin post, published Wednesday, that the U.S. and China are on the brink of war. The billionaire, who has visited China for almost 40 years and has built close friendships there, shared his perspectives from his recent 13-day trips to China, as well as from meetings with Chinese citizens, experts on China residing outside the country, and policymakers in other countries, including the U.S. Regarding U.S.-China relations, Dalio stressed: The United States and China are on the brink of war and are beyond the ability to talk. He no...

Economist Stephen Jen, a former Morgan Stanley managing director, expects a shift “from a unipolar reserve currency world to a multipolar world,” with the Chinese yuan, the euro, and the U.S. dollar forming a “tripolar” reserve currency configuration. ‘A Multipolar World’ Economist Stephen Jen, the CEO of asset management firm Eurizon SLJ, expects multiple currencies will chip away at the U.S. dollar’s dominance. Jen was formerly a managing director at Morgan Stanley in London and a senior economist at the International Monetary Fund (IMF). After stating that the U.S. dollar is losing its world’s reserve currency status at “ an alarming pace ,” the former Morgan Stanley director told the Insider publication that the de-dollarization trend is likely to continue. However, he noted that it will “probably not to a point where a non-dollar currency commands a bigger market share than the dollar.” Jen described: More likely, we will evolve from a unipolar reserve currency world to a mu...

This week, the Statistics Bureau of Japan unveiled the latest core consumer price index (CPI) report for the country, revealing a surge to 3.5%. This figure comes as a surprise to analysts who had predicted a more modest 2.9% for the end of the quarter. It’s worth noting that Japan’s inflation has been steadily rising since June 2021. The timing of this uptick is also notable, as Kazuo Ueda has recently assumed the role of the 32nd governor of the Bank of Japan. New BOJ Governor Faces Rising Inflation, Central Bank to Conduct Review of Monetary Policy Measures In April, Japan experienced a surge in its year-over-year inflation rate — excluding fresh food and energy prices — which increased to 3.5% . This worsening inflation rate is a concern for the Bank of Japan (BOJ), which aims to bring the rate back down to the 2% range, like several central banks worldwide. However, the country’s economy is facing significant challenges, including the aftermath of the Covid-19 pandemic, which r...

This publication’s decision to auction off its magazine covers as Ordinal inscriptions sparked debate about how we should use Bitcoin. bit.ly/3f7o14k http://dlvr.it/SnG08L

Internal reviews of the supervision of Silicon Valley Bank and Signature Bank have been released, showing weaknesses on the part of the banks’ regulators as well as management. from Cointelegraph.com News https://ift.tt/ex7w8Ph via IFTTT

A China-led regional organization that covers more than half of Eurasia intends to transition to settlements in the currencies of its members. While the plan is to abandon the U.S. dollar in mutual payments, participating nations are yet to consider a common currency. Shanghai Cooperation Organization to Abandon Dollar in Favor of National Currencies The Shanghai Cooperation Organization (SCO) is preparing to move away from the U.S. dollar and switch to settlements in the national currencies of its member states. In an interview with the Belarus 1 state TV channel, the bloc’s Deputy Secretary General Grigory Logvinov stated: A roadmap for the transition to settlements in national currencies is being developed. Also quoted by the Interfax news agency, the Russian diplomat emphasized that efforts in that direction are “serious and substantive.” “The process is far from simple because, unfortunately, the dollar as a world reserve currency is too deeply embedded, including in natio...

This week’s Crypto Biz explores Google expanding its Web3 program, the U.K.’s $125 AI pledge, FTX selling LedgerX and Binance.US backing out of its Voyager purchase. from Cointelegraph.com News https://ift.tt/N5Y3lRw via IFTTT

Users of the mobile payment service will also be able to receive crypto through a QR code or external crypto address. from Cointelegraph.com News https://ift.tt/t09BWZe via IFTTT

Almost 12 months back, terrausd (UST), an algorithmic stablecoin, suffered a detachment from the U.S. dollar, causing the Terra ecosystem to crumble shortly thereafter. At present, supporters of the Terra Classic blockchain community are deliberating on a plan to revive the ecosystem by re-establishing the once-stable token’s peg with the U.S. dollar. In response to the proposed development, the value of UST, renamed USTC, has escalated by more than 9% in the past 24 hours. Terra Classic Community Plans to Take Action to Restore USTC’s Peg With USD Terra Classic blockchain supporters aim to revive the algorithmic stablecoin’s ecosystem by restoring the token USTC ’s value parity with the U.S. dollar. A Terra Classic community member using the pseudonym “Redlinedrifter” submitted the proposal , affirming that Do Kwon’s decentralized money creation was a positive initiative but that “serious issues need to be addressed” for the community to re-establish the token’s value peg with the ...

A recently published study appears to advocate for the isolation of crypto assets from other tax deductions, where losses are concerned. from Cointelegraph.com News https://ift.tt/Gr3Mgjc via IFTTT

Tuur Demeester, a macroeconomic analyst who has offered insight into Bitcoin since 2012, will bring his unique insight to Bitcoin 2023. bit.ly/3f7o14k http://dlvr.it/SnC7Cg

Huawei unveils latest in wave of Chinese ChatGPT rivals, Alibaba’s multichain bridge, Hong Kong crypto exchange regulations imminent. from Cointelegraph.com News https://ift.tt/2QcKekd via IFTTT

The Skybridge founder said that Binance CEO Changpeng Zhao is not to blame for the collapse. from Cointelegraph.com News https://ift.tt/G62Mcva via IFTTT

On April 27, Coinbase, the crypto exchange based in San Francisco, made public the disclosure of its response to the Wells notice it had received from the U.S. Securities and Exchange Commission (SEC) back in March. The company maintained that the regulatory body’s enforcement actions were in direct contrast to the agency’s previous approval of the firm’s public listing via its S-1 filing. Coinbase asserted in its response to the SEC that it is the “innocent investors who stand to lose the most from the commission’s abrupt about-face.” Coinbase Responds to U.S. Securities Watchdog’s Wells Notice Coinbase’s CEO, Brian Armstrong, presented his company’s response to the U.S. securities regulator on Thursday, divulging their Wells response . In direct opposition to the SEC’s enforcement actions , Coinbase maintains a firm disagreement, while the correspondence made it clear that the regulator should have been aware of this stance when Coinbase went public. The animosity between the tw...

A range of speakers addressed issues like agency turf wars and regulator fitness in hearings on regulatory gaps. from Cointelegraph.com News https://ift.tt/1wjxtrg via IFTTT

The Chinese yuan is now China’s most used currency for cross-border settlements. According to official data from the State Administration of Foreign Exchange, the Chinese yuan rose to be the most-used currency in March over the U.S. dollar, in a push from the Beijing government to internationalize its currency for payments. Chinese Yuan Used to Settle Most of China’s International Payments in March Beijing is now settling most of its international trade operations using the Chinese yuan. According to official numbers from the State Administration of Foreign Exchange, a Chinese national institution in charge of managing China’s international reserve, the payments settled using the Chinese yuan overtook those made with U.S. dollars in March, being used in 48.4% of all settlements. The Chinese yuan was used to settle $549.9 billion in payments, a record number, rising from $434.5 billion in February. The usage of the U.S. dollar for these payments fell from 48.6% to 46.7% during the ...

Ether traders have been neutral-to-bearish for the past week, indicating little confidence in ETH breaking above $2,000. from Cointelegraph.com News https://ift.tt/9GvJMVh via IFTTT

A unique application of philosophically-derived mathematics, Bitcoin is a practical, simple and holistic solution to the problems with money. bit.ly/3f7o14k http://dlvr.it/Sn84Y8

Former White House economist Joseph Sullivan has warned that a BRICS currency would erode the U.S. dollar’s dominance. If member nations use only a common BRICS currency for international trade, “they would remove an impediment that now thwarts their efforts to escape dollar hegemony,” he described. Former White House Economic Advisor on BRICS Currency and U.S. Dollar’s Reserve Currency Status A former White House economic advisor, Joseph Sullivan, discussed de-dollarization and the potential impacts of a BRICS currency on the USD in an opinion piece published by Foreign Policy Monday. The BRICS nations are Brazil, Russia, India, China, and South Africa. Sullivan was a special advisor and staff economist at the White House Council of Economic Advisers during the Trump administration. He is currently a senior advisor at the Lindsey Group, an economic advisory firm. Referring to the hypothetical BRICS currency as “the bric,” he warned: If the BRICS used only the bric for internati...

Amidst the buzz surrounding bitcoin’s latest price surge, a significant number of transactions are currently clogging up the mempool. As of writing, 134,986 unconfirmed transactions await confirmation, and block times are lingering above the usual ten-minute mark. Bitcoin Transactions Backlogged as Mempool Reaches Higher Levels On the morning of Wednesday, Bitcoin.com News brought to light the decrease in Bitcoin’s global hashrate over the past 24 hours, currently hovering just above the 300 exahash per second (EH/s) range. Meanwhile, block intervals have slowed down and surpassed the average ten-minute mark, with the most recent block taking a total of ten minutes and 50 seconds to be validated. Even though bitcoin’s price initially soared past the $30K mark earlier today, by 4:00 p.m. Eastern Time (ET) on April 26, 2023, the value had regressed back to a low of $27,242. Since then, the price managed to jump back above the $28K zone . At present, the mempool remains packed with...

Plug and Play Tech Center will add crypto and digital assets to the list of verticals in its Paris office, where it will help startups network with consumer brands. from Cointelegraph.com News https://ift.tt/fCiDVoZ via IFTTT

The new layer relies on Bundlr, a decentralized storage platform built on Arweave, for mass storage of social media data. from Cointelegraph.com News https://ift.tt/mXuAU2h via IFTTT

In the midst of the banking upheaval in the United States, Google Trends has revealed a notable surge in searches related to the acquisition of gold, with the search query reaching a perfect score of 100 during the first week of April 2023. Similarly, the search term “how to buy bitcoin” reached the same score two weeks earlier, on March 20, 2023. 90-Day Stats From Google Trends Highlight Interest in How to Buy Gold and Bitcoin Over the past six months, the value of gold has soared by an impressive 20%, with a single troy ounce of .999 fine gold currently changing hands for $1,998 per unit. As for bitcoin (BTC) , it is presently trading at just under $30K per unit, having risen by 8.9% in the last 24 hours as of April 26, 2023. Both gold and bitcoin have experienced an upsurge in value following the banking crisis of mid-March, which witnessed the collapse of three major U.S. banks. Market observers are now keeping a close watch on the First Republic Bank fiasco, as it lost over ...

The Web3 security firm urges the rogue developer to return 80% of the stolen funds and offers 20% as a white hat bounty. from Cointelegraph.com News https://ift.tt/bGHMmwz via IFTTT

Bitcoiners will have the opportunity to show how much they disrespect banks and love Bitcoin while potentially earning a Cover Edition ordinal. bit.ly/3f7o14k http://dlvr.it/Sn50Wz

Economist Peter St Onge has warned that U.S. dollar weaponization will lead to “soaring inflation, a catastrophic fallen American standard of living, and a U.S. that falls off the world stage.” Commenting on the economist’s warnings, Tesla and Twitter CEO Elon Musk weighed in on de-dollarization. De-Dollarization Happening Faster Than People Realize, Says Economist Economist Peter St Onge warned about the dire consequences of weaponizing the U.S. dollar in a video he posted on Twitter Monday. St Onge is a Research Fellow and the Mark A. Kolokotrones Fellow in Economic Freedom at the Heritage Foundation. Before joining the Heritage Foundation, he was a Fellow at the Mises Institute, a Senior Fellow at the Montreal Economic Institute, and an Assistant Professor of International Trade and of Marketing at Taiwan’s Feng Chia University. Citing a former Morgan Stanley analyst, Stephen Jen , stating that the U.S. dollar has already suffered a “stunning collapse” and is losing its reserve ...

The futures and options exchange was purchased by FTX.US in 2021 to expand its spot trading services. Three other FTX assets remain up for sale. from Cointelegraph.com News https://ift.tt/CORKlqd via IFTTT

According to the now-defunct crypto lender Voyager, Binance US sent a letter to the company “terminating the asset purchase agreement.” While the announcement was “disappointing” for Voyager, the firm maintained that its customers would still be receiving their cash and crypto through a “direct distribution” via the Voyager platform. Voyager’s Asset Purchase Agreement With Binance US Scrapped Towards the end of 2022, Binance disclosed that its US subsidiary had entered into a billion-dollar agreement with Voyager Digital Ltd. to acquire its assets. Despite objections from the US Securities and Exchange Commission (SEC), the purchase was allowed to proceed after receiving court approval . However, on April 25, 2023, Voyager revealed that the deal was no longer moving forward. “Today we received a letter from Binance US terminating the asset purchase agreement. While this development is disappointing, our Chapter 11 plan allows for direct distribution of cash and crypto to customer...

The parties got the go-ahead on the deal last week, after overcoming several objections. Binance.US did not say what compelled it to change its mind now. from Cointelegraph.com News https://ift.tt/r7dU1F6 via IFTTT

After the tumultuous downfall of three major banks, namely Silvergate Bank, Silicon Valley Bank, and Signature Bank, several central banks made a collaborative announcement of a swift, coordinated emergency response. The intervention aimed to furnish U.S. dollar liquidity, with the intention of alleviating the impact of such severe shocks on the flow of credit to households and businesses. As per the joint statement published on Tuesday, the central banks have decided to curtail these newly introduced swap line arrangements, switching them from daily auctions to weekly operations. Central Banks Cut Back USD Liquidity Backstop; Moody’s Downgrades U.S. Banking Sector and 11 Regional Banks According to a joint statement from several central banks, including the Bank of England, the Bank of Japan, the European Central Bank (ECB), the Swiss National Bank, and the U.S. Federal Reserve, the recently created U.S. dollar swap line arrangements will be reduced from daily to weekly. The anno...

On this week’s episode of The Market Report, Cointelegraph’s resident expert discusses if the latest price of Bitcoin is a sign of a new bear market starting or just a healthy correction. from Cointelegraph.com News https://ift.tt/zUYETi6 via IFTTT

Medium of ExchangeAs society’s structure and organization became more complex over time, the need for an evolving monetary system arose from the limitations of barter. Barter is not suitable as a means to exchange goods and services in an economic system larger than a tribe or family; barter was ... bit.ly/3f7o14k http://dlvr.it/Sn1zGV

The draft bill no longer included aspects of an earlier version that included legislation of custodial service providers and algorithmic stablecoins, as well as a CBDC study. from Cointelegraph.com News https://ift.tt/34p0xdf via IFTTT

Ron Paul, the former U.S. presidential candidate and former U.S. congressman, has stated that recent geopolitical events have caused nations to start ditching the U.S. dollar. Paul stated that the debasement of the currency, the manipulation of prices, and sanctions against other nations have made other countries afraid of holding dollars. Ron Paul Believes De-Dollarization Is Happening at a Rapid Pace Ron Paul, former U.S. presidential candidate and former U.S. congressional representative, has talked about how he believes de-dollarization is starting to accelerate recently, even if he does not know when the U.S. dollar will lose its reserve currency status. In the latest episode of “The Ron Paul Liberty Report,” his online videocast, Ron Paul clarified a global reduction in the percentage of reserves held in U.S. dollars is caused by several circumstances, including “America’s endless wars, sanctions, wokism, nihilism, and unconstitutional abuses.” About the consequences of th...

The DeFi protocol appears to have erased its social media presence after news of the alleged exit scam broke. from Cointelegraph.com News https://ift.tt/nU980Iv via IFTTT

In an announcement made on April 24, Binance, the cryptocurrency exchange with the largest trade volume, unveiled its latest staking product, wrapped beacon eth (WBETH). This new addition to Binance’s staking solutions is built on the Ethereum network, joining the ranks of other competing liquid staking products such as Lido, Coinbase, Rocket Pool, and Frax. WBETH Emerges as Binance’s New Solution to Ethereum-Based Staking Liquid staking products based on Ethereum have been gaining popularity over the past two years. According to defillama.com metrics , as of this writing, there are over 8.2 million ether worth $15.49 billion locked into liquid staking derivatives. A staggering 74.22% of these ether assets are held by Lido Finance, the current leader in this space. Coinbase’s wrapped ether product comes in second with $2.19 billion locked, followed by Rocket Pool with $983.26 million, Frax with $297.09 million, and Stakewise with $163.98 million. Binance has revealed that it has c...

Ether options volume hints at bearish sentiment as the $1,850 support falters. from Cointelegraph.com News https://ift.tt/Kj3uPES via IFTTT

Adam Back, Roger Ver, Brad Garlinghouse, and Andreas Antonopoulos were among those not showing a blue checkmark on their Twitter accounts after legacy verification was sunsetted. from Cointelegraph.com News https://ift.tt/Et5jv2H via IFTTT

After seizing 213,000 bitcoin in 2017, Bulgaria now has an opportunity to become one of the wealthiest countries on earth. bit.ly/3f7o14k http://dlvr.it/SmzxgS

OPNX chief Leslie Lamb called out a number of venture capital firms on Twitter after some rushed to distance themselves from the company. from Cointelegraph.com News https://ift.tt/LTYy2Wp via IFTTT

Russia has warned that existing and new anti-Russia sanctions imposed by the U.S. and other Western countries will lead to a global economic crisis. “Both the current sanctions that have been imposed against our country and the new additional steps that Brussels and Washington are probably thinking about now will hit the global economy hard,” the spokesperson for Russian President Vladimir Putin said. Sanctions Will Lead to Global Economic Crisis, Says Russian Official Russian President Vladimir Putin’s press secretary, Dmitry Peskov, told reporters on Friday that anti-Russia sanctions will have a detrimental impact on the global economy, with the potential to spark a global economic crisis. “We proceed from the fact that in any case, both the current sanctions that have been imposed against our country and the new additional steps that Brussels and Washington are probably thinking about now will hit the global economy hard,” Putin’s spokesperson was quoted by Tass publication as s...

Last year in July, it was widely reported that the now deceased, enigmatic tech magnate John McAfee’s body was still in a Spanish morgue for a full year after his untimely demise. McAfee’s widow, Janice, has taken to social media to voice her distress over the extended delay in the release of his remains. It is a matter of great frustration to her that, even after an incredible 670 days, she is still unable to grant her beloved husband a proper burial. John McAfee’s Widow Demands Answers on Delay in Releasing His Remains On April 23, 2023, Janice McAfee tweeted about her late husband, John McAfee, insisting that he had been in a morgue for 670 days. In July 2022, Bitcoin.com News reported on McAfee’s remains sitting in the morgue for a year. Janice is still complaining about the issue and asking why there is a holdup. “670 days since John’s ‘suicide,'” Janice tweeted . “670 days and his remains have still not been released. 670 days and his autopsy report has still not been rel...