Gold bug and economist Peter Schiff, whose Shark Tank star billionaire Mark Cuban is facing a class action lawsuit for allegedly promoting a “massive Ponzi scheme,” says the US economy He warns that the prospect of easing inflation is not something to get too excited about. In other news, JPMorgan CEO Jamie Dimon believes “something worse” may be coming than a recession, with sales of the popular play-to-ear (P2E) blockchain game Axie Infinity reaching $4 billion, Classic mode and has announced the removal of SLP rewards from the mode. This is the Bitcoin.com News Week in Review.
Peter Schiff Warns U.S. Will Face “Major Financial Crisis” Economists Expect Much Bigger Problems Than in 2008 “When Defaults Start”
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Economist and gold bug Peter Schiff usually much, but this past week, Schiff explained in an interview that he believes the United States will face a financial crisis worse than the “Great Recession” of 2008. Schiff explained that the U.S. is far more in debt than it was then, and argued that an economic recession in the U.S. would be “a much bigger crisis if defaults start to occur.”
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Billionaire Mark Cuban is sued for allegedly promoting a massive crypto “Ponzi scheme”
Shark Tank star and owner of the NBA team Dallas Mavericks, Mark Cuban, is facing a class action lawsuit for promoting Voyager Digital’s crypto products. Plaintiffs allege that Voyager is a “massive Ponzi scheme” and that Cuban “defrauded millions of Americans into investing in the company.”
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JPMorgan boss Jamie Dimon warns “something worse” could come than a recession
CEO Jamie Dimon shared his outlook for the U.S. economy, including the possibility of “something worse” coming than a recession. He cited interest rates, QT, oil, Ukraine, war, and China, and said that “there are storm clouds.”
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Accy Infinity Surpasses $4 Billion in Total Sales; Team Removes SLP Rewards from Classic Game Mode
Accy Infinity Surpasses $4 Billion in Total Sales After reaching a new record of $4 billion in sales, the company announced that Smooth Love Potion (SLP) will no longer be available in the game’s Classic mode, as SLP rewards have been added to the new ranked game mode, Origins. He also introduced non-fungible token (NFT) runes and charms that can be cast on the Ronin network through the Marketplace.
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