The average person’s wealth will be ‘completely destroyed by inflation,’ says Arthur Hayes
Investing in assets “outside of the traditional financial system” is the only way to preserve one’s wealth, according to the former BitMEX CEO. This post was originally published on this site
Fight between crypto and governments “just getting started,” says ShapeShift CEO
The crypto industry needs to prepare for increasing government pressure as it ramps up its challenge to state monopoly over money, says ShapeShift CEO Erik Voorhees.This post was originally published on this site
MetaMask launches new fiat purchase function for cryptocurrency
The new feature will allow users to purchase cryptocurrencies using various payment methods, such as debit or credit cards, PayPal, bank transfers, and instant ACH.This post was originally published on this site
Do Kwon had the right idea, banks are risk to fiat-backed stablecoins — CZ
Given Silicon Valley Bank’s direct involvement in destabilizing USDC prices, CZ blamed banks for increasing the risks of stablecoins.This post was originally published on this site
Is the IMF shutting the door prematurely on Bitcoin as legal tender?
Should the International Monetary Fund leave the door open for developing countries struggling with inflation? “Bitcoin was made for the Global South.”This post was originally published on this site
Naira redesign no more: President’s directive canned by Nigerian supreme court
The supreme court of Nigeria says no to naira redesign, rules the old banknotes to remain in circulation.This post was originally published on this site
Bitcoin could reach $1M in 5 years due to fiat currencies’ collapse, says Samson Mow
The future collapse of fiat currencies could propel Bitcoin to $1 million in the next five to 10 years, according to Jan3 CEO and Bitcoin proponent Samson Mow.This post was originally published on this site
Solana-based market maker integrates Stripe for fiat-crypto transactions
The Solana-based automated market maker Orca opened up fiat purchases and fiat-to-crypto transactions through a new integration with Stripe’s onramp. This post was originally published on this site
National Bank of Ukraine releases draft concept for digital hryvnia
One of the design options for the Ukrainian CBDC describes the e-hryvnia available for usage in crypto exchange operations. This post was originally published on this site
Binance CEO CZ begins working on Vitalik Buterin’s ‘safe CEX’ ideas
While long-term solutions will need the involvement of multisig and social recovery wallets, Buterin pointed out two alternatives for the short-term — custodial and non-custodial exchanges.This post was originally published on this site