Connect with us

Cryptocurrency

2008 “Lehman moment about to strike” – big banks suffer; How to Access Your ETHW ‘No Digital Dollar Law’ Sega Blockchain Game – Bitcoin.com News Weekly in Review – The Weekly Bitcoin News

Avatar

Published

on

In this week’s edition of Bitcoin.com News Week in Review, two of the world’s largest banks – Credit Suisse and Deutsche Bank – suffer from distressed valuations, with levels of insurance against default looking similar to those last seen in the 2008 financial crisis. For those interested in assets outside of these giant traditional financial institutions, a helpful guide on how to claim your ETHW tokens from the latest Ethereum hard fork can also be found in this release. Moreover, a US senator has introduced a “Digital Dollar Non-Use Act,” and Japanese gaming giant Sega is set to launch its first blockchain game.

2008

‘Trading like a Lehman moment’ – Credit Suisse, Deutsche Bank suffers distressed valuations as banks’ credit insurance approaches 2008 levels

More than a decade has passed since the 2007-2008 financial crisis when Lehman Brothers, the fourth largest investment bank in the United States, collapsed and declared bankruptcy. Nearly 14 years later, Credit Suisse and Deutsche Bank, two of the world’s largest banks, are struggling with distressed valuations and banks’ credit insurance levels approaching scores not seen since 2008.

Read more

2008

A step-by-step guide on how to access your ETHW tokens if you own them ETH before merging

With the launch of the new Ethereumpow (ETHW) network, ethereum holders are eligible to receive one ETHW for every Ether they own. Here is a simple guide showing Ethereum owners how to access their ETHW tokens using a wallet like Metamask.

Read more

Advertisement

2008

US senator introduces ‘No Dollar Digital Act’ to ban Treasury and Federal Reserve from interfering with Americans with fiat currencies

A US senator introduced the “No Digital Dollar Act to prevent the US Treasury and Federal Reserve from interfering with Americans’ use of fiat currency” if a central bank digital currency was adopted. The bill further states: “No central bank digital currency will be deemed to be legal tender under Section 16 5103 of Title 31, United States Code.”

Read more

2008

Japan’s Giant Sega launches its first Blockchain game

Sega, one of the largest Japanese gaming companies, has announced that it will launch the first blockchain game in cooperation with Double Jump Tokyo, another Japanese development company. The game, which is based on Sega’s Sangokushi Taisen franchise, will be built using Oasys, a Japanese project focused on expansion, to support its blockchain elements.

Read more

Tags in this story
2008 financial crisisAnd the BanksAnd the Blockchain gameAnd the crisisAnd the digital dollarAnd the Ethereum hard forkAnd the ETHWAnd the Lehman BrothersAnd the There is no digital dollar lawAnd the PoWAnd the SegaAnd the SenatorAnd the merge

What are your thoughts on this week’s top stories from Bitcoin.com news? Make sure to let us know in the comments section below.

Advertisement
Bitcoin.com

Since 2015, Bitcoin.com has been a world leader in introducing newcomers to crypto. By offering accessible educational materials, objective and timely news, and intuitive, self-guarded products, we make it easy for anyone to buy, spend, trade, invest, earn, and stay current on cryptocurrencies and the future of finance.

photo credits: Shutterstock, Pixabay, Wikicommons

disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services or companies. Bitcoin.com It does not provide investment, tax, legal or accounting advice. Neither the Company nor the author shall be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.


Source link

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published.

Cryptocurrency

‘Immoral and illegal from the start’

Avatar

Published

on


at recent days an interview Michael Saylor, CEO of MicroStrategy and Bitcoin Home (BTC) Taurus, share his point of view on The Fall of the FTX Empire.

Saylor said that for years there has been a low-grade “boiling gang war” between the BTC community versus the cryptocurrency community over industry practices such as, what he repeatedly calls, “shitcoinery.”

In Saylor’s view, Sam Bankman-Fried was the “poster child” for the latter.

“There is something morally wrong about being able to issue your unregistered security. Sam and most people in the cryptocurrency world have always been guilty of the sin of shitcoinery.”

He attributes this behavior to his perceptions of the problems inherent in the crypto community, namely greed, arrogance, and stupidity.

From there, Saylor delved into what he calls a “demonic turn” in the FTX story, which entailed SBF generating billions of air tokens and issuing billions of dollars in loans from users’ funds.

Advertisement



While a lot Expose the SBF story And his mismanagement of money, society is on reddit Saylor was praised for his clear explanation of the situation, along with a direct comparison of BTC.

One user wrote that while they didn’t care for Saylor otherwise, his explanation was one of the “best in all of the space.”

Related: The first bear market? Advice from Michael Saylor Thor Bitcoin

This wasn’t Sailor’s first comment about the FTX scandal. In the early days of the crash, he was among the first, along with Binance CEO Changpeng Zhao, to community urging To practice self-care.

The entire crypto community is waiting for the December 13 session, which will do Investigate the stock market crash. According to the committee presiding over the session, they expect that SBF and associated individuals to appear in court to testify on this date.

Advertisement