Jeff Booth, author of “The Price of Tomorrow,” warns of a “Great Depression on steroids” if the Federal Reserve continues to raise interest rates and that the Shibarium Talk about the highly anticipated Layer 2 (L2) scaling solution known as Shibarium is the backdrop for Shibarium’s dynamic price movements. Also, Brett Harrison, former president of FTX US, explains why he left the company and his relationship with FTX co-founder Sam Bankman-Fried (SBF). Other news includes.
Jeff Booth warns of debt deflation if the Federal Reserve keeps raising interest rates
Jeff Booth, author of “The Price of Tomorrow,” warns about debt deflation, calling it a “Great Depression on steroids” if the Federal Reserve continues to raise interest rates. He believes that eventually the Fed will be “forced to pivot.”
Read more
Former President of FTX US discusses his experience and relationship with CEO Sam Bankman-Fried in a detailed Twitter thread
Brett Harrison, former president of FTX US, has published a 49-part Twitter thread explaining why he left the company and his relationship with FTX co-founder Sam Bankman-Fried (SBF). Prior to working at FTX US, Harrison worked with SBF at Jane Street, and prior to joining FTX, he worked at Citadel Securities, and in the Twitter thread, the former president of the US subsidiary explains that “after months of controversy over FTX’s management practices, Sam Bankman- Fried and his representatives,” explaining that “relations between Fried and his representatives completely deteriorated.
Read more
SHIB Token Rises Ahead of Shibarium Beta Launch
{41
Meme Token Shibarium, Coin Backers Layer 2 (L2) Scaling Solution rose against the U.S. dollar over the past few days in anticipation of Shibarium’s beta launch. Developers detailed that on January 15, 2023, the L2 platform Shibarium beta will launch on top of the Ethereum blockchain and seeks to offer better scalability, faster transaction times, and lower fees.
Read more
Former SEC Official’s Crypto Warning. Regulatory Onslaught Has Just Begun
The former head of Internet enforcement at the Securities and Exchange Commission (SEC) warns that the “regulatory onslaught is just beginning” on the crypto industry. His warning follows several recent enforcement actions by securities regulators against major crypto companies.
Read more
Image credit: Shutterstock, Pixabay, Wiki Commons