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The entertainment industry is diving into the Central Bank Digital Currencies (CBDCs) debate, with Joe Rogan and rapper Post Malone expressing their concerns. On the “Joe Rogan Experience” podcast, which boasts over 11 million listeners per episode, the two discussed CBDCs. .@JoeRogan Says ‘No F*cking Way’ to Central Bank Digital Currency: “That’s Game Over”@PostMalone asked @JoeRogan, “So how do you feel about the government’s digital currency that they’re working [on]?” Rogan answered, “No f*cking way. No way. That’s what I think. I think… pic.twitter.com/OvQ7Cw1o4E — The Vigilant Fox (@VigilantFox) August 8, 2023 Rogan described the idea as a “game over” for Americans, hinting at the potential for abuse of power and surveillance. He even speculated about a future where CBDCs could tie into social credit scores, enhancing government oversight. Post Malone shared these apprehensions, emphasizing the possibility of governments controlling individual...

Also Read: Shibarium Lead Developer Hints Key Partner as New Era Approaches advertisement Interestingly, Bloomberg reported that the company had not mention any statistics or updates about the crypto wallet business of the NFT marketplace. This indicates that the retailer had been contemplating on wrapping up the crypto wallet business, considering the high uncertainty around regulation in the industry. In recent times, Binance and Coinbase, which are the biggest names in the Crypto Market ecosystem were targeted in anti-crypto enforcement actions by the U.S. Securities and Exchange Commission (SEC). GameStop Crypto Wallet Shut Down According to the company’s website, the GameStop iOS and Chrome extension crypto wallets will be removed on November 1, 2023. However, the retailer is yet to explain further on the ‘regulatory uncertainty’ reason for discontinuing the service. Meanwhile, the GameStop Corp stock price took a 2.5% drop on Tue...

Valuations & Investor Sentiment Raise Concerns Hussman relies on two critical indicators to gauge stock market direction: valuations and investor sentiment and both factors are currently alarming, according to his Analysis . Using his preferred valuation measure, which compares the market cap of nonfinancial stocks to gross value added, Hussman asserts that the market is even more overvalued than during the dot-com bubble and the 2008 financial crisis. advertisement Read More: Binance CEO Reacts To China Releasing Web 3.0 White Paper Amid Hong Kong Crypto Push Investor sentiment also worries the 60-year-old economist, as he points to the poor market breadth and a cautious approach adopted by traders due to prevailing uncertainties. Unresolved debt-ceiling negotiations and the Federal Reserve’s uncertain rate policy contribute to the cautious sentiment. With ongoing “no deal” negotiations and the potential for the United States to default, ma...

US Claims Crypto Mining Poses Threat To Society According to a recent report that is set to be published in the White House today, the President’s Council of Economic Advisers (CEA) argues that Crypto miners’ high-energy consumption has negative spillovers on the environment, quality of life, and electricity grids where such businesses are located. advertisement Read More: LUNC Developer Teases AI App Chain “Block Entropy”, LUNC Price Eyeing $0.1? The cryptocurrency mining business is being unfairly targeted, according to those who oppose the planned tax. The rampant crypto crackdowns by the regulators and now a proposed bill to impose hefty tax stand out as a sore eye for the larger crypto market and being part of a larger anti-crypto crusade. According to Tom Mapes, head of energy policy at the Chamber of Digital Commerce, who spoke with Yahoo News, stated that “this is just a way to go after the industry which they do not support....

Bitfarms faced potential delisting from Nasdaq after the stock exchange company told the Bitcoin mining firm that the stock price is not in compliance with listing requirements as it continued to trade under $1 for several months. Nonetheless, the recent rally in Bitcoin and rising mining activity pushed Bitfarms shares higher. advertisement Bitfarms Regains Compliance With Nasdaq Listing According to a press release on May 1, Bitfarms received confirmation on its continued listing from the Nasdaq stock exchange. The Bitcoin mining firm has now regained compliance with the minimum bid price requirement of $1 per share under the Nasdaq Listing Rule 5550(a)(2). In December, Nasdaq sent a notice to Bitfarms that its stock price has failed to comply with the minimum bid price requirement of $1 per share over 30 consecutive trading days. If the stock price doesn’t recover and trade over $1 for at least 10 days in the next six months, Bitfarms risks delisting....

Also Read: What’s Ahead For Dogecoin 6 Months After Elon Musk Twitter Takeover advertisement Earlier, popular Twitter account focused on crypto news, DB (tier10k), tweeted quoting an Arkham Intelligence alert that said Mt Gox and US government wallets were making transactions. Although the Bitcoin price had already fallen by the time the tweet was published, Arkham later clarified that the alert was erroneously set to a “small subset of users,” which apparently included DB. Arkham Explains Bug Fix The World’s first licensed Crypto Casino. Begin your journey with 20% cashback up to 10,000 USDT. Signup Ad Following this, Arkham explained that they had just fixed a bug related to Bitcoin alerts. The fix effectively made them to no longer send alerts to a the users. Further, Arkham said DB had earlier set alerts on Bitc...