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axie infinity , blockchain games , economic collapse , inflation , Jamie Dimon , jpmorgan , Mark Cuban lawsuit , Peter Schiff , play-to-earn (P2E) , Ponzi Scheme , Recession , US economy , Voyager Digital
Schiff Says US Inflation Slowdown ‘Only Temporary,’ Mark Cuban Sues JPMorgan Head of Recession, Axie Infinity Update – Bitcoin.com News Week in Review – The Weekly Bitcoin News
Gold bug and economist Peter Schiff has warned that the apparent ease of inflation for the US economy is nothing to get too excited about, as Shark Tank star billionaire Mark Cuban faces a class action lawsuit for allegedly promoting a “massive Ponzi scheme”. In other news, JPMorgan CEO Jamie Dimon believes “something worse” than a recession could be coming, and popular play-to-earn (P2E) blockchain game Axie Infinity achieves $4B in sales and announces the removal of SLP rewards from classic mode. This is the Bitcoin.com News Week in Review.
Peter Schiff warns US faces ‘massive financial crisis’, economist expects much bigger problems than 2008 ‘When defaults kick in’
Economist and gold bug Peter Schiff usually has a lot to say, and last week Schiff explained during an interview that he believes the US will face a financial crisis worse than 2008’s ‘Great Recession’. Schiff explains that the US has much more debt than it did then, and insists that the US economic downturn “is going to be a much bigger crisis when the defaults start.”
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Billionaire Mark Cuban Sued for Allegedly Promoting Massive Crypto ‘Ponzi Scheme’
Shark Tank star and NBA Dallas Mavericks owner Mark Cuban is facing a class action lawsuit for promoting Voyager Digital’s crypto products. The plaintiffs allege Voyager was “a massive Ponzi scheme” and the Cubans “duped millions of Americans into investing.”
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JPMorgan CEO Jamie Dimon warns of “something worse” than a recession could come
JPMorgan CEO Jamie Dimon has shared his predictions for the US economy, including a chance for “something worse” than a recession. “There are storm clouds,” the manager said, citing interest rates, QT, oil, Ukraine, war and China.
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Axie Infinity Surpasses $4 Billion in All-Time Sales, Team Removes SLP Rewards from Classic Game Mode
After recording more than $4 billion in all-time sales, Axie Infinity announced that the game’s classic mode will no longer allow users to obtain smooth love potion (SLP), as SLP rewards have been added to the new Origin ranked game mode. The team also introduced non-fungible token (NFT) runes and charms that can be minted on the Ronin network through the marketplace.
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What are your thoughts on this week’s stories? Will US and global inflation slow down soon, or is the worst yet to come? Be sure to let us know in the comments section below.
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