Tags in this story
2008 Financial Crisis, banks, blockchain games, Crisis, Digital Dollar, Ethereum Hard Fork, ETHW, Lehman Brothers, No Digital Dollar Act, PoW, sega, senator, The Merge
2008 ‘Lehman Moment About to Hit’ — Major Banks Suffer; How to Access ETHW, ‘No Digital Dollar Act’, Sega Blockchain Game — Bitcoin.com News Week in Review – The Weekly Bitcoin News
In this week’s edition of the Bitcoin.com News Week in Review, two of the world’s largest banks – Credit Suisse and Deutsche Bank – are suffering from difficult valuations, with credit default insurance levels looking like those last seen in the 2008 financial crisis. For those interested in assets outside such behemoth tradfi (traditional finance) institutions, you can also find a practical guide on how to claim your ETHW tokens from the recent Ethereum hard fork in this edition. Furthermore, an American senator has introduced a “No Digital Dollar Act”, and the Japanese gaming giant Sega will launch its first blockchain game.
‘Trading Like a Lehman Moment’ – Credit Suisse, Deutsche Bank suffer distressed valuations as banks’ default insurance approaches 2008 levels
It has been more than a decade since the financial crisis of 2007-2008 when Lehman Brothers, the fourth largest investment bank in the United States, collapsed and filed for bankruptcy. Nearly 14 years later, Credit Suisse and Deutsche Bank, two of the world’s biggest banks, are suffering from troubled valuations and the banks’ credit default insurance levels are approaching levels not seen since 2008.
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A step-by-step guide on how to access your ETHW tokens if you held ETH before the merge
With the new Ethereumpow (ETHW) network launch, ethereum holders are eligible to receive a single ETHW for each ether they own. The following is a simple guide showing ethereum holders how to access their ETHW tokens using a wallet like Metamask.
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US Senator Introduces ‘No Digital Dollar Act’ To Ban Treasury And Fed From Interfering With Americans Using Paper Currency
A US senator has introduced the “No Digital Dollar Act to prohibit the US Treasury Department and the Federal Reserve from interfering with Americans who use paper currency” if a digital central bank currency is adopted. The bill further states: “No central bank digital currency shall be considered legal tender pursuant to section 16 5103 of title 31, United States Code.”
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Japanese gaming giant Sega launches first blockchain game
Sega, one of the largest Japanese game companies, has announced that it will launch its first blockchain game in collaboration with Double Jump Tokyo, another Japanese development company. The game, which is based on Sega’s Sangokushi Taisen franchise, will be built using Oasys, a Japanese scale-focused project, to support the blockchain elements.
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