Silver Supply Crunch Predictions, FDIC Issues Cease and Desist Order to FTX US, and More — Bitcoin.com News Week in Review

August 28, 2022

Morgan Report founder David Morgan foresees a provide crunch for silver, and says that in ten years’ time, it is going to be among the finest investments of the last decade. One analyst, nonetheless, says if the valuable steel falls under $18, it’s “very attainable that we might see silver get completely smoked.” In different information this week, the Federal Deposit Insurance Corporation (FDIC) has issued a crypto-related stop and desist order to well-liked cryptocurrency trade FTX US, and 4 others. All this and extra, within the newest Bitcoin.com News Week in Review.

Analyst Says if Silver Dips Below $18, Precious Metal Could ‘Get Absolutely Smoked’ — Morgan Report Founder Expects a Supply Crunch

Silver has misplaced greater than 28% towards the greenback over the past 165 days or since March 8, 2022. Despite the decrease costs, David Morgan, the founding father of The Morgan Report, believes silver is predicted to see a crunch in provide. In ten years’ time, Morgan thinks silver might be among the finest investments of the last decade.

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FDIC Issues Cease and Desist Orders to 5 Crypto Firms Including FTX US Exchange

FDIC Issues Crypto-Related Cease and Desist Orders to five Companies Including FTX US Exchange

The Federal Deposit Insurance Corporation (FDIC) has despatched a stop and desist letter to 5 firms, together with crypto trade FTX US. CEO Sam Bankman-Fried defined that FTX doesn’t have FDIC insurance coverage, stating: “We by no means meant in any other case, and apologize if anybody misinterpreted it … to be clear FTX US isn’t FDIC insured.”

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Terra's 2 Classic Coins Mysteriously Spike in Value, USTC Climbs 42% Higher in 24 Hours

Terra’s 2 Classic Coins Mysteriously Spike in Value, USTC Climbs 42% Higher in 24 Hours

Interestingly, the 2 so-called ‘defeated’ Terra blockchain tokens, now referred to as terraclassicusd (USTC) and luna traditional (LUNC), have seen vital positive factors. LUNC has climbed 8% larger not too long ago and the once-stable coin USTC has jumped 42.2% larger towards the U.S. greenback on Tuesday.

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World's Largest Ethereum Mining Pool to Drop Ether PoW Mining, Ethermine Starts Merge Countdown

World’s Largest Ethereum Mining Pool to Drop Ether PoW Mining, Ethermine Starts Merge Countdown

The world’s largest ethereum mining pool, Ethermine, has introduced the group plans to drop proof-of-work (PoW) ethereum mining totally. Ethermine says that the platform’s miner dashboard will show a countdown and customers can proceed to mine ether till the countdown reaches zero.

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Silver Supply Crunch Predictions, FDIC Issues Cease and Desist Order to FTX US, and More — Bitcoin.com News Week in Review

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