Cheta Nwanze, a Nigerian writer, stated that the Nigerian government arrested two employees of the cryptocurrency exchange Binance to use crypto as a "scapegoat" for the country's economic situation. Nwanze shared his statement on a June 17 episode of the Nigerian Politics Weekly podcast.
Nicholas Anthony, a policy analyst at the Center for Monetary and Financial Alternatives of the Cato Institute, stated that "it should not be a surprise that Nigerian citizens have turned to cryptocurrencies" in light of the Nigerian government's provision of an "unreliable store of value." This statement was shared in his April 11 commentary titled "Nigeria’s Government Is Blaming Binance for Its Own Mismanagement," which was published on the Cato Institute's website.
Austin Campbell, the founder and managing partner of Zero Knowledge Consulting, a firm specializing in data processing systems design, advocates for the implementation of blockchain technology in traditional banking systems. According to Campbell, such an integration would enhance the detection and apprehension of financial criminals. In a post on X, he emphasized that the transparency inherent in blockchain facilitates easier tracking of criminals attempting to use cryptocurrency.
The Crypto Council for Innovation (CCI), a global organization advocating for digital assets through research and education, released the results of a national survey among crypto voters. The findings suggest that cryptocurrency can serve as an alternative to individuals who have limited access to traditional financial services. The survey was conducted in December 2023, with its results being released on January 3.
Adrian Zduńczyk, founder and CEO of the blockchain startup The Birb Nest, stated in a social post on X (formerly known as Twitter) that Binance's inflows and on-chain assets are evidence of continued trust from crypto users worldwide. He noted that the world's largest crypto exchange is demonstrating financial strength and resilience under its new leadership. Binance reached a settlement with the U.S. government in November, resolving historical compliance issues.
Changpeng Zhao (CZ), the founder and CEO of Binance, the largest cryptocurrency exchange in the world, expressed his commitment to making a positive impact on the world during his speech at the Fintech Forward 2023 conference in Bahrain. Zhao stated that his and Binance's goal is to have as much of a positive impact on the world as possible. He emphasized that being the biggest or richest is not the priority, but rather making a difference in people's lives.
President Joe Biden's Inflation Reduction Act is touted as the most significant legislation to address climate change in the history of the United States, according to a recent U.S. Department of the Treasury press release.
An analysis conducted by the blockchain analytics firm Chainalysis has found that Hamas raised less than half a million dollars in crypto, contradicting claims by the Wall Street Journal (WSJ) that the terrorist group raised tens of millions of dollars in crypto. Pictured: Sam Callahan, lead market analyst at Swan (left) and Treasury Secretary Janet Yellen. Photo sources: twitter.com/samcallah, home.treasury.gov
According to a recent assessment by the Congressional Budget Office (CBO), the Fiscal Responsibility Act is expected to have a significant impact on the nation's debt-to-GDP ratio.
Rising housing interest rates have raised concerns for the International Monetary Fund (IMF), which has warned that this could weaken the demand for houses and lead to a drop in home prices.
After reviewing its lawsuit against cryptocurrency giant Binance, financial news analyst Matt Levine said that "all [the SEC] could find is that Binance is running a crypto exchange."
The April Consumer Price Index (CPI) report, released by the U.S. Bureau of Labor Statistics, reveals a 0.4% monthly increase and a 4.9% yearly rise in the cost of goods and services for all urban consumers.
U.S. inflation has started to ease, Lisa Cook, a member of the Federal Reserve Board of Governors, said in a keynote address April 21 at the Carroll Round annual International Economics Conference at Georgetown University, according to a news release.