Former IMF Chief Economist: Bitcoin Undermines Dollar Hegemony in $25 Trillion Shadow Economy – Economics Bitcoin News
Former IMF chief economist Kenneth Rogoff states Bitcoin is undermining the dollar’s dominance in the $25 trillion shadow economy, impacting U.S. interest rates and economic stability.
Early Freedom: FTX’s Sam Bankman-Fried’s Sentence Reduced By Over 4 Years | Bitcoinist.com
Sam Bankman-Fried’s 25-year prison sentence for FTX fraud could be reduced to 21 years due to good behavior. FTX plans to distribute $5 billion to creditors starting May 30.
Billionaire Chamath Palihapitiya Sounds Alarm on US Debt Crisis, Warns of Credit Downgrade, Treasury-Dumping Risk and More – The Daily Hodl
Billionaire Chamath Palihapitiya warns that a new US bill could worsen the debt crisis, leading to Treasury yield spikes, credit downgrades, and a shift to assets like gold and Bitcoin.
France arrests over 12 suspects linked to crypto kidnappings: Report
French authorities arrested over 12 suspects, including minors, linked to crypto-related kidnappings in Paris, possibly orchestrated by a criminal organization using social media for recruitment.
Bank of Korea Plans to Integrate Deposit Tokens on Blockchain
The Bank of Korea plans to integrate central bank deposit tokens with public blockchains, viewing them as stablecoins within its digital currency framework, while expressing concerns over global stablecoin adoption.
Coinbase faces legal action after data breach exposes investors to major losses
Coinbase faces a class action lawsuit from COIN investors over financial losses linked to a data breach and UK regulatory fine, alleging lack of transparency and security failures.
Thailand Finance Regulators to Restrict World’s First Tokenized Govt Bonds
Thailand’s SEC introduces G-Token, the world’s first government-issued tokenized bond, restricting its use for payments or trading to ensure it remains an investment tool.
Pakistan Appoints World Liberty Financial Advisor to Key Government Role on Crypto – Decrypt
Pakistan appoints Bilal Bin Saqib as special assistant to the prime minister on blockchain and crypto, allocating 2,000 MW for bitcoin mining and AI centers to boost the economy.
India’s Crypto Industry Seeks Relief from 30% Tax Burden
India’s crypto industry is lobbying for tax reforms, seeking to reduce the 30% capital gains tax and 1% transaction levy that pushed trading offshore. Engagement with regulators has increased amid global crypto momentum.
De-Dollarization Deepens as SCO Nations Target Dollar-Free Trade – Economics Bitcoin News
The Shanghai Cooperation Organization is leading efforts to reduce dollar reliance in trade, promoting national currencies for cross-border settlements amid shifting global financial dynamics.
