Gold enthusiast and economist Peter Schiff has said the US Federal Reserve may have to fight a “complete economic collapse” and face more to worry about than the current battle against inflation. In other news, artificial intelligence (AI) crypto assets have seen a recent surge, and SEC Chairman Gary Gensler has expressed his two cents on why he considers all non-bitcoin crypto tokens to be securities. . This and more can be found just below in the latest Bitcoin.com news week review.
Economist Peter Schiff warns that the Fed could be fighting “total economic collapse”
Economist Peter Schiff has predicted that the US Federal Reserve will finally throw in the towel in its fight against inflation to face “something it fears even more, which is a complete economic collapse, another financial crisis or a sovereign debt crisis.” ”. He emphasized that “the months of declining inflation are in the review mirror,” and emphasized that now “we are going to see accelerating inflation.”
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SEC Chairman Explains Why He Views All Non-Bitcoin Crypto Tokens As Securities
US Securities and Exchange Commission (SEC) Chairman Gary Gensler has detailed why he considers all non-bitcoin crypto tokens to be securities. While he acknowledged that crypto tokens can have different configurations, he emphasized that “at their core, these tokens are securities.”
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Brazilian digital real passes public blockchain pilot with flying colors
A tokenized version of the digital real, the Brazilian central bank digital currency (CBDC), has successfully passed a public blockchain pilot. The test, which was carried out by Mercado Bitcoin, a local exchange, using the Stellar network, shows that the real digital token can be used on public blockchains following all the compliance rules established by Brazilian laws.
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AI Crypto Assets Continue to Rise, Representing $4 Billion in Market Value
Following a brief downturn in mid-February 2023, artificial intelligence (AI) crypto assets have continued to post gains over the past 30 days. Currently, out of the 74 AI-focused cryptocurrencies listed, the net worth of all these tokens has risen to over $4 billion, representing 0.37% of the total value of the crypto economy.
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