2 years ago
Twitter CEO Elon Musk has shared what helium calls a “massive incentive” to get wealth retired of slope accounts, noting “bank depositor formation volition accelerate to utmost levels, adjacent for banks that are ‘too large to fail.’” Personal concern manager and writer Dave Ramsey, for his part, thinks that de-dollarization fears are overblown. In crypto news, Bitcoin’s web congestion issues began to easiness this week. All this and much conscionable below, successful the latest Bitcoin.com News Week successful Review.
Elon Musk Shares ‘Massive Incentive to Move Money retired of Bank Accounts’
Tesla and Twitter CEO Elon Musk has shared a “massive incentive” to determination wealth retired of slope accounts, citing a important involvement complaint spread created by the U.S. Treasury and the Federal Reserve. “As much radical & companies recognize this, slope depositor formation volition accelerate to utmost levels, adjacent for banks that are ‘too large to fail,’” Musk warned.
Dave Ramsey Dismisses De-Dollarization Concerns — Says BRICS Currency, Chinese Yuan Can’t Take Down US Dollar
Personal concern adept and best-selling writer Dave Ramsey has dismissed de-dollarization concerns and the prospects of a BRICS currency, the Chinese yuan, oregon the Russian ruble displacing the U.S. dollar successful planetary trade. “They don’t person the musculus to instrumentality down the dollar,” helium stressed.
Fed Reveals 722 Banks Reported Unrealized Losses Over 50% of Capital arsenic Concerns Over US Banking Crisis Grow
The U.S. Federal Reserve has revealed that 722 banks reported unrealized losses exceeding 50% of their superior astatine the extremity of the 3rd 4th of 2022. “Rising involvement rates are creating important unrealized losses successful concern securities and successful immoderate cases depressing tangible equity,” according to the Fed’s Division of Supervision and Regulation.
Bitcoin Network Starts to Clear Congestion, Onchain Fees Drop by 90%
On May 7, 2023, the Bitcoin web was plagued with an overwhelming 500,000 unconfirmed transactions, causing a large bottleneck successful the system. However, the bully quality is that the congestion has been clearing, resulting successful a important simplification successful onchain fees.
What are your views connected this week’s stories? Be definite to fto america cognize successful the comments conception below.
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