Money bug and economist Peter Schiff warns that it’s not too exciting that inflation appears to be easing in the US economy.In other news, JP Morgan CEO Jamie Dimon thinks “something worse” than the possibility of a recession, with popular Play-to-Earn (P2E) blockchain game Axie Infinity reaching $4 billion in sales and a drop from classic mode We are announcing the removal of SLP rewards. This is a Bitcoin.com News Week review.
Peter Schiff warns US facing ‘major financial crisis’, economists expect much bigger trouble than 2008 ‘when defaults start’
Economist and money bug Peter Schiff usually has a lot to say, but last week he explained in an interview that he believes the US will face a worse financial crisis than the 2008 “Great Recession.” Did. Explaining that the U.S. has more debt than it did then, Schiff argues that a U.S. recession “will be a much bigger crisis when debt defaults begin.”
Billionaire Mark Cuban sued for advertising large-scale virtual currency ‘Ponzi scheme’
Shark Tank star and owner of NBA team the Dallas Mavericks, Mark Cuban, is facing a class action lawsuit for promoting Voyager Digital’s cryptocurrency product. Plaintiffs allege that Voyager was a “massive Ponzi scheme” and that Cubans “tricked millions of Americans into investing.”
JP Morgan boss Jamie Dimon warns of ‘something worse’ than possible recession
JP Morgan CEO Jamie Dimon shared his predictions for the US economy, including the possibility that “worse things will happen” than a recession. “There are storm clouds,” said the executive, citing rates, QT, oil, Ukraine, war and China.
Axie Infinity surpasses $4 billion in all-time sales, team removes SLP rewards from classic game modes
After hitting an all-time record $4 billion in sales, Axie Infinity announced that users will no longer be able to earn Smooth Love Potions (SLPs) in the game’s classic mode. That’s because SLP rewards have been added to the new Origin Ranked gameplay mode. The team has also introduced non-fungible token (NFT) runes and charms that can be crafted on the Ronin network through the Marketplace.
What are your thoughts on this week’s story? Will U.S. and global inflation ease soon, or is the worst coming? Let us know in the comments section below.
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