Author: American Coins & Gold

Fed Governor Bowman Says U.S. CBDC May Pose 'Significant Risk'
Governor Michelle Bowman suggests other payments services, including FedNow, may do a CBDC’s job better, and she’s also suspicious of the dangers of stablecoins.

Scroll Confirms Mainnet Live, as Co-Founder Predicts Speed Gains Over Ethereum
Blockchain data showed that Scroll’s smart contract was deployed on Oct. 8, but the team held off making its official announcement until this week.

SBF Trial: For Once, Bankman-Fried's Lawyer Lands a Punch
Sam Bankman-Fried’s former colleague, Nishad Singh, will have to answer questions from the FTX founder’s lawyer about the last few years of the exchange’s operations.

Bitcoin Magazine Owner Backs First Ordinals Fund, Which Bought K Rock
The “Unbroken Chain” fund, as it is known, plans to raise $5 million from its limited partners and will trade in various Ordinals types, including BRC-20 tokens – sometimes positioned as NFTs on Bitcoin.

Why Congress Will Be the Dollar’s Downfall
Congressional inaction is likely to cause de-dollarization as the country’s foes — and friends — move even faster to get off the U.S. dollar. Americans deserve to know what’s at risk so we can vote accordingly, and get the economy we deserve.

What’s Holding Crypto Back? It’s the Founders, Not Just Regulators

Web3-Powered File Management App Raises .5M to Offer Alternative to Google
Fileverse offers a decentralized file management and collaboration service, an alternative to centralized providers such as Google or Notion.

When Bankruptcy Regulates Crypto: The Good, the Bad, and the (Really) Ugly
In the absence of specific policy, U.S. regulation of crypto has devolved to judges in bankruptcy proceedings, say Yesha Yadav and Bob Stark.

How African Students Became Victims of FTX’s Collapse
“We saw an exchange that was supposedly better than every other one we had used, so we let a lot of family and friends get involved with the FTX platform,” FTX Africa’s former education lead Pius Okedinachi told CoinDesk.

The Sam Bankman-Fried Trial Is Revealing Crypto's Amateur-Hour Ways
Paradigm, BlockFi, Genesis and other companies did not have access to audited financial statements prior to investing or loaning billions to FTX, FTX.US. and Alameda Research, according to testimonies given in the trial of Sam Bankman-Fried. Rather, these investors and lenders looked at unaudited financial statements and spoke with the executives at these companies to determine critical pieces of information like FTX’s cash flow, its liabilities, its current assets and net asset value.