Nick Anthony, a policy analyst at the Center for Monetary and Financial Alternatives of the Cato Institute, tweeted in response to the IMF executive's remarks that CBDC would let governments control what people spend money on.
My thinking on stablecoins has evolved greatly since I started writing about them four years ago. There are things I’ve gotten right (their emergence as a killer app for blockchain), things I’ve gotten wrong (the viability of Dai), things I was early on (adoption for vanilla payments) and things I remain conflicted on, like the viability of the undercollateralized AKA algorithmic variety.
The US Department of Justice stated on Tuesday that a New York couple was arrested and booked for a $4.5 billion cryptocurrency laundering scheme and attempting to deceive the US government.
After the failure of cryptocurrency exchange FTX and hedge fund Alameda Research, the troubled cryptocurrency sector and its rich pioneers face a day of reckoning. In particular, these crypto founders and bitcoin moguls lost $116 billion in 2022.
Leaked files reviewed by MintPress expose how intelligence services the world over can track cryptocurrency transactions to their source and therefore identify users by monitoring the movements of smartphone and Internet-of-Things (IoT) devices, such as Amazon Echo. The contents comprehensively detonate the myth of crypto anonymity, and have grave implications for individuals and states seeking to shield their financial activity from the prying eyes of hostile governments and authorities.
The news organisations, which include the AP, Bloomberg, CNBC, WSJ publisher Dow Jones, the Financial Times, Insider, and WaPo, as well as a separate request from the New York Times, have requested that the people who guaranteed Bankman-Fried's $250 million bond to be revealed.
According to its bankruptcy filing, Celsius owes its customers roughly $4.7 billion, and its balance sheet has a hole of about $1.2 billion. Let's take a look inside of Celsius' $25 billion bankruptcy filing.
The $258 billion lawsuit that claimed the price of Dogecoin was purposefully driven up by more than 36,000% over the course of two years by Elon Musk has expanded to six more defendants.
FTX's bankruptcy is yielding an unexpected outcome and creditors could receive up to 142% of what they are owed. This remarkable recovery is due to FTX's asset liquidation and the recent cryptocurrency boom.
According to the NY Post, SBF was able to defraud investors thanks to its strong ties to the Clintons, which was how Bill Clinton was involved in the FTX scandal.
