“The Price of Tomorrow” author Jeff Booth has warned of a “great depression on steroids” if the US Federal Reserve keeps raising interest rates, while the buzz about the layer two scaling solution (L2) advance known as Shibarium has been the backdrop for dynamic price movements in shiba inu. In other news, former FTX US president Brett Harrison has explained why he left the company and his relationship with co-founder Sam Bankman-Fried (SBF), of FTX infamy. All this and more just below.
Jeff Booth Warns Of Debt Deflation If The Federal Reserve Keeps Raising Interest Rates
The author of “The Price of Tomorrow,” Jeff Booth, has warned of 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 turn around.”
read more
The former president of FTX US shares his experience and relationship with CEO Sam Bankman-Fried in a detailed Twitter thread
Former FTX US President Brett Harrison posted a 49-part Twitter thread explaining why he left the firm and his relationship with FTX co-founder Sam Bankman-Fried (SBF). Prior to his role at FTX US, Harrison worked with SBF on Jane Street and prior to joining FTX, he worked for Citadel Securities. In the Twitter thread, the former president of the US subsidiary explained that his “relationship with Sam Bankman-Fried and his associates had reached a point of total deterioration, after months of disputes over management practices at FTX.”
read more
SHIB Token Sees Rise Ahead of Shibarium Beta Launch
The shiba inu meme token has seen a surge against the US dollar in recent days as supporters of the coin anticipate the beta release of the layer two (L2) scaling solution Shibarium. The developers detailed on January 15, 2023 that the L2 platform, “Shibarium beta”, is about to be released on top of the Ethereum blockchain to provide better scalability, faster transaction times, and lower fees.
read more
Former SEC Official Crypto Warning: The Regulatory Onslaught Is Just Beginning
The former head of Internet enforcement for the Securities and Exchange Commission (SEC) has warned the crypto industry that a “regulatory attack is just beginning.” His warning followed several recent enforcement actions the securities regulator took against major crypto firms.
read more
What are your thoughts on the “regulatory hack” that is said to be on the way? Be sure to let us know in the comments section below.
image credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or a solicitation of an offer to buy or sell, or a recommendation or endorsement of any product, service or company. bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the company nor the author is responsible, 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.
