• The collapse of FTX and Alameda Research has been deemed a „sad event“ by DWF Labs Managing Partner Andrei Grachev. • Grachev believes that this incident may ultimately be beneficial for the long run, as it will flush out companies that are not sustainable enough to operate during a storm. • He also highlighted the importance of adopting measures
» Weiterlesen• Jeff Booth warned of a „great depression on steroids“ if the U.S. Federal Reserve keeps hiking interest rates. • Brett Harrison, the former president of FTX US, shared his experience and relationship with CEO Sam Bankman-Fried in a detailed Twitter thread. • The SHIB token has seen a rise against the U.S. dollar as the coin’s supporters anticipate the
» Weiterlesen• Saudi Arabia’s Finance Minister, Mohammed Al-Jadaan, said the kingdom is open to trading in currencies other than the U.S. dollar. • This move away from the US Dollar signals a changing economic landscape. • The Saudi Arabian finance minister’s statements have been interpreted as another step toward de-dollarization. After nearly a half-century of trading solely in the US Dollar,
» Weiterlesen• Ukraine is set to become the world’s best jurisdiction for crypto assets, according to Digital Minister Mykhailo Fedorov. • Donations made through cryptocurrency were “critically helpful” to Ukraine during the early stages of the Russian military invasion. • The government is developing the necessary legal framework to fully legalize cryptocurrencies, and amendments to the Tax Code are needed for
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