Florida’s Ron DeSantis Wants to Ban CBDCs from the State [ Crypto Espresso 3.21.23 ]

I like big news and I cannot lie you Other huddlers can't deny when Andrew Walks in with a big old toothy grin and A ton of news in his hand you get crypto Espresso your teeny tiny daily shot of Caffeinated crypto headlines and yes It's a lot today so put on a pot of Coffee first up bitcoin's bullish Momentum is cooling down as the Federal Reserve prepares to decide whether it'll Raise interest rates yet again an Increase of 0.25 percentage points is Expected on Wednesday all of this comes As the crypto fear and greed index which Measures sentiment among investors Reaches its highest level in a year but The question on everyone's Minds is Whether Bitcoin has the potential to Crack thirty thousand dollars reaching This level would see microstrategy break About even on its investment of 132 500 Bitcoin Bloomberg intelligence analyst Mike mcgloan has claimed the global Banking Calamity May Mark bitcoin's Maturation from its birth following the Great financial crisis Bitcoin has Outperformed gold by a factor of 10 Times so far this year Ron DeSantis is Not a fan of digital dollars the Florida Governor who is expected to run for President in 2024 assuming he can Survive those harsh Browns that Donald Trump is serving him says that he wants To ban cbdc's from the Sunshine State

Standing before a Podium emblazoned with The phrase Big Brother's digital dollar He claimed a cbdc would promote Government-sanctioned surveillance DeSantis then pointed to China's digital Yuan as an example his announcement is Largely political theater a digital Dollar could still be 10 years away and The Federal Reserve has expressed deep Skepticism about the need for one Nevertheless it could be a fatal blow to The movement to create a cbdc in the U.S DeSantis is now calling for other states To join his campaign against centralized Digital currencies a former coinbase Executive believes that hyperinflation In the U.S will drive bitcoin's price to One million dollars within 90 days and Balaji srinivasan is prepared to put his Money where his mouth is by putting up a Million dollars in stable coins against One Bitcoin if he's wrong a Pseudo-anonymous Twitter personality Called James Medlock could turn twenty Eight thousand dollars into seven Figures this whole kerfuffle confused Bloomberg columnist Mike Levine he Tweeted wait so a guy is betting that Bitcoin will be at one million dollars In 90 days by buying a Bitcoin at one Million dollars now do I have this right I'm not the world's greatest Trader or Anything but if you have a million Dollars and you think bitcoin's gonna be

Worth a million dollars in 90 days the Trade is to buy 40 of them oh Matt Levine it's not about being rich it's About sending a message back in November Of 2017 the then CEO of Credit Suisse Faced a backlash after he dismissed Bitcoin as a bubble back then Bitcoin Was trading at seven thousand dollars When tijan thiam declared it had Unattractive characteristics fast Forward five years and Bitcoin has had Quite the glow up with some treating it As a safe haven during the current Banking crisis with Credit Suisse being Rescued by UBS in a cut price deal well The irony hasn't been lost on bitcoiners Block Ware's head analyst Jill Burnett Wrote over five years ago the CEO of Credit Suisse called Bitcoin a bubble And since then Bitcoin is up 300 118 Percent and Credit Suisse just sold for One-fifth the size of Dogecoin for Bitcoiners it seems like revenge is a Dish best served cold as far as fat Fingered mistakes go this was well it Was a big one back in May of 2021 Crypto.com accidentally sent seven Million dollars to an Australian couple Who was owed a 66 refund well it took The exchange seven months to notice and By then the couple had allegedly gone on A spending spree a court in Melbourne Has heard that two million dollars of This cash is still missing amid claims

That some of it has gone offshore Prosecutors fear that jatinder Singh Still has access to this cache and Represents an unacceptable Flight Risk But a judge has ruled that he can be Bailed out when he awaits trial as long As he surrenders his passport he's Pleaded not guilty to theft and the case Will now proceed his partner theva Manogari manival was bailed out last Year a crypto YouTuber has been accused Of threatening and harassing a lawyer Bitboy crypto has been named in a class Action lawsuit that accuses him of Promoting FTX without disclosing that he Had been paid but the influencer whose Real name is Ben Armstrong says that He's never had dealings with sbf's Empire a judge has been told that bit Boy bombarded attorney Adam Moskowitz With endless phone calls tweets and Emails it's alleged that the YouTuber Called his office 21 times in just 45 Minutes described him Moskowitz as a Dumb mother flipper as his tradition on Crypto espresso replaced flipper with a Harder f word and claimed his home Address was being circulated on Reddit Last night bitboy tweeted Adam Moskowitz And his law team have filed a document Saying that I'm threatening them pull Them out it's not a threat it's a Promise but I'm coming for your licenser Relentlessly you made a mistake and you

Will pay for it Every crypto advert in Belgium will soon Need to carry a mandatory warning that Says virtual currencies real risks the Only guarantee in crypto is risk Regulators say they're taking action After polls show that 43 of investors Have been motivated by a desire to make Money quickly crypto firms will also Need to make sure that their ads are not Misleading and perceived advantages Aren't given too much prominence Research by Belgium's financial services And markets Authority also uncovered Another interesting statistic the crypto Winter and the dramatic collapse of FTX Doesn't appear to have had too much of An impact in perceptions of digital Assets only seven percent said that they Will no longer trade virtual currencies As a direct result of the bear market And sbf's Empire going bankrupt Flagstar Bank has successfully bid on signature Banks assets but the deal excludes its 4 Billion dollars in deposits from crypto Companies that means it's going to get a Lot harder for crypto firms to offer a Fiat on-ramp for their customers it Could also create some nasty headaches When they're trying to do basic Day-to-day things like payroll the Announcement hasn't gone down well the Wall Street Journal claims that the FDIC Has all but confirmed that it's closed

The bank over crypto and David Marcus Who once LED Facebook's doomed DM Project tweeted I really hope we will Understand how Signature Bank was Selectively stripped of its digital Assets business before being acquired Well North Korea might not have been Behind the Euler Finance hack after all On Saturday those responsible sent three Thousand each worth about 5.4 million Dollars back to the D5 protocol and Yesterday the hackers sent a message That said we want to make this easy on All those affected no intention of Keeping what is not ours setting up Secure communication let us come to an Agreement Euler had initially tried to Appeal to the hacker by saying they Could keep 20 million dollars and avoid Prosecution if they returned to the rest But that offer doesn't necessarily mean All that much mango markets had reached A similar agreement with avraham Eisenberg but he was slapped with Charges by federal prosecutors anyway And finally for a little while anyway it Looked like ftx's new management team And the Bahamas were playing nice but Not anymore those gloves are off in a New filing that's bound to inflame Tensions Executives from The Exchange Have asked a judge to kick Bahamian Regulators off the bankruptcy case their Attorneys argued that the company's

Bahamian unit FTX digital markets ftxdm Has no ownership interest in property of FTX elevator research or any of the Approximately 100 companies in Sam Bankman Freed's Empire bankman freed and Ftx's offices were in the Bahamas and he Was arrested there at the request of the U.S justice department but it's claimed That these offices functioned as an Offshore Haven for a continuous Fraudulent scheme and speaking of Continuous this episode of crypto Espresso which just seemed to keep on Going and going and going show your Appreciation for my voices sacrificed by Liking this video subscribing to our YouTube channel and clicking on that Little bell icon to get buzzed whenever A new crypto espresso video goes live What'd you think about today's episode Well maybe there's comments today there Were no comments yesterday so I have no Idea what's going on with comments Anyway if you can leave a comment Just leave a comment if you can't I Don't know save it save it for the next Time we have comments questions about Our headlines or crypto in general take A dive to that section below and ask Alex Alex is always a great resource for All things web 3 and the metaverse and That about does it for today for our Extra large episode of crypto espresso Again I've been your host Andrew these

Have been your headlines and we'll see All of your beautiful shining faces Tomorrow