The Art of Making CryptoCurrency
Peter Schiff has suggested that China resolve its trade deficit with the U.S. by dumping its U.S. Treasuries and dollars, then using the proceeds to buy gold to back a revalued yuan. Schiff: Dumping U.S. Debt Would Benefit Chinese Consumers Economist Peter Schiff has urged China to resolve its trade deficit with the United States […] Source link
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A U.S. lawmaker is calling for the release of a detained Binance executive in Nigeria. Representative James Hill believes the executive, Tigran Gambaryan, has significantly contributed to combating cybercrime in the U.S. and should not be abandoned. Hill expressed concern that the continued detention could strain diplomatic ties between the U.S. and Nigeria. Hill urged […] Source link
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Crypto exchange Hotbit announced that it would be halting operations as of May 22. The exchange asked its users to withdraw funds before June 21, at 4:00 am UTC. In an announcement, the exchange said that its operating conditions have deteriorated since a former member of its team was subjected to an investigation in August 2022. According to the exchange, the probe forced it to stop its business for weeks. In addition, Hotbit also cited various incidents within the crypto space as contributors to its decline. The exchange cited the FTX…
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Nigerian human rights activist and lawyer, Femi Falana, has accused the International Monetary Fund (IMF) and the World Bank (WB) of sabotaging the currency swap arrangement between China and Nigeria. Falana said the Nigerian central bank and the two global financial institutions are helping to perpetuate “the dominance of the United States dollar in Nigeria.” Nigerian Federal Government Accused of Dollarizing the Economy The International Monetary Fund and the World Bank are conniving with the Central Bank of Nigeria (CBN) to sabotage the country’s currency swap arrangements, Nigerian human rights…
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