The Financial Crisis continues...
FedNow will control all payment transactions in July... You better hope you're not on their naughty list.
Sandman occurs OVERNIGHT All countries will overnight agree to not accept US Dollars for trade and will trigger a systemic global event. #XRP
SEC Charges Bittrex, Former CEO for Operating Unregistered Securities Exchange... The lawsuit also names six tokens as securities, including Algorand.
Stop Trying To Predict The Future Just Watch The Movie & Enjoy The Show
New Instant Digital Payments System Isn’t a CBDC, Feds Say — But Critics Say It’s Still About Control... The Federal Reserve wants everyone to know that its new FedNow instant digital payments system, which it plans to roll out in July, is not a central bank digital currency (CBDC). “The FedNow Service is neither a form of currency nor a step toward eliminating any form of payment, including cash,” the U.S. central banking system said in recently updated statement on its website.
Chinese Bank Voluntarily Gives Republicans Damaging New Financial Records On Hunter Biden... China sent a warning to Joe Biden on Tuesday after the Chinese-American bank, Cathay Bank, provided Senate Republicans with records revealing millions of dollars transferred from Chinese firms to Hunter Biden and James Biden. “In my mind, it’s the Chinese government telling Joe Biden, ‘We got the goods on you, buddy, and we’re willing to dish it up,’” Sen. Johnson told The Washington Times. The records show deep financial ties between the president’s son and brother and the now-defunct CEFC China Energy, which had ties to the Chinese Communist Party. The energy giant wired $1 million to Hudson West III, a joint venture owned by Hunter Biden and Gongwen Dong, a business associate of CEFC’s founder and chairman, Ye Jianming.
Credit Card Processors Ordered to Pay $650,000 in Consumer Redress for Assisting in Fraudulent Computer Repair Telemarketing Schemes... The Justice Department, together with the Federal Trade Commission (FTC), today announced that the government will collect $650,000 in consumer redress from corporate defendants Nexway, SASU, Nexway Group AG, Nexway, Inc., asknet Solutions AG, asknet, Inc., (collectively Nexway), and individual defendants Casey Potenzone and Victor Iezuitov. The defendants’ payment of the $650,000 will result in the suspension of the total monetary judgment of $49.5 million granted by the court.
Investors flock to XRP injecting $8.8 billion into its market cap in 30 days ... In recent weeks, XRP has surfaced as one of the top-performing cryptocurrencies, with the ongoing legal battle between Ripple and the Securities Exchange Commission (SEC) playing a partial role in this surge. Notably, XRP has showcased its impressive performance by breaking crucial resistance levels and garnering sustained interest from investors. The investor interest has resulted in XRP recording an inflow of about $8.85 billion in market capitalization within a month. By press time, the token market cap stood at $26.93 billion, representing a growth of about 49% from the $18.07 billion recorded on March 17, according to CoinMarketCap data.
Rep. Davidson to introduce legislation to fire SEC boss Gensler for crypto overreach ... Securities and Exchange Commission (SEC) chair Gary Gensler could be facing unemployment after United States Representative Warren Davidson declared he would introduce legislation to fire the SEC boss.
Digital Currency Monetary Authority launches international CBDC... The Digital Currency Monetary Authority (DCMA) has launched an international central bank digital currency (CBDC). DCMA launches the Universal Monetary Unit (UMU) The Universal Monetary Unit (UMU), symbolized as Ü, can transact in any legal tender settlement currency and is designed to enforce banking regulations and protect the financial integrity of the international banking system.