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Author: Crypto Breaking News

IMF Warns of ‘Very Serious Repercussions’ if US Defaults on Debt Obligations

The International Monetary Fund (IMF) has warned of “very serious repercussions” to both the U.S. and the global economy if the U.S. defaults on its debt obligations, which could be as soon as June 1. “We are calling on all of the parties to come together, reach consensus, and resolve the matter as quickly as [...]

The post IMF Warns of ‘Very Serious Repercussions’ if US Defaults on Debt Obligations appeared first on Crypto Breaking News.

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Economist Peter Schiff Says the Fed Destroyed US Banking System — ‘It’s Insolvent’

Author: Crypto Breaking News

United Kingdom

Source: Crypto Breaking News

Jun 11, 2023 05:50

Economist Peter Schiff Says the Fed Destroyed US Banking System — ‘It’s Insolvent’

Economist Peter Schiff says the U.S. banking system is insolvent. He stressed that the Federal Reserve destroyed the U.S. banking system, citing near-zero interest rates at banks while “the Fed funds rate is 5.25% and the real inflation rate is much higher.” Schiff previously warned that the U.S. banking system is on the verge of [...]

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Elon Musk Shares ‘Massive Incentive to Move Money out of Bank Accounts’

Author: Crypto Breaking News

United Kingdom

Source: Crypto Breaking News

May 09, 2023 05:50

Elon Musk Shares ‘Massive Incentive to Move Money out of Bank Accounts’

Tesla and Twitter CEO Elon Musk has shared a “massive incentive” to move money out of bank accounts, citing a significant interest rate gap created by the U.S. Treasury and the Federal Reserve. “As more people & companies realize this, bank depositor flight will accelerate to extreme levels, even for banks that are ‘too big [...]

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South African Professor Accuses US Regulators of Attempting to ‘Assassinate Crypto’

Author: Crypto Breaking News

United Kingdom

Source: Crypto Breaking News

Apr 06, 2023 02:10

South African Professor Accuses US Regulators of Attempting to ‘Assassinate Crypto’

The United States’ attempts to “assassinate crypto” are illegal and unlikely to succeed because “crypto is global,” Steven Boykey Sidley, a South African professor and author, has argued. According to Sidley, many formerly U.S.-based companies and innovators have fled the country and have set up bases in countries with more “comfortable” regulatory environments. The United [...]

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Stablecoins Volume Down Despite Crypto Market Recovery, Ratings Agency Finds

Author: Crypto Breaking News

United Kingdom

Source: Crypto Breaking News

Jul 05, 2023 02:10

Stablecoins Volume Down Despite Crypto Market Recovery, Ratings Agency Finds

Stablecoins, the digital assets designed to maintain a stable value, have long been viewed as a potential bridge between the cryptocurrency world and the traditional financial industry. However, recent developments have cast a shadow of uncertainty over their perceived stability. As global policymakers continue to grapple with concerns about the crypto sector’s impact on the [...]

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