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Federal Reserve Alert! Vice Chair Lael Brainard speech: Crypto-Assets and Decentralized Finance through a Financial Stability Lens at Bank of England Conference, London, United Kingdom

Source Recent volatility has exposed serious vulnerabilities in the crypto financial system.1 While touted as a fundamental break from traditional finance, the crypto financial system turns out to be susceptible to the same risks that are all too familiar from traditional finance, such as leverage, settlement, opacity, and maturity

Federal Reserve Alert! Vice Chair Lael Brainard speech: Crypto-Assets and Decentralized Finance through a Financial Stability Lens at Bank of England Conference, London, United Kingdom

Source: https://www.federalreserve.gov/newsevents/speech/brainard20220708a.htm Given the foundational role of fiat currency, there may be an advantage for future financial stability to having a digital native form of safe central bank money—a central bank digital currency. A digital native form of safe central bank money

Federal Reserve Alert! Minutes of the Federal Open Market Committee, June 14-15, 2022

Source: https://www.federalreserve.gov/monetarypolicy/fomcminutes20220615.htm Effective June 16, 2022, the Federal Open Market Committee directs the Desk to: * Undertake open market operations as necessary to maintain the federal funds rate in a target range of 1-1/2 to 1-3/4 percent. * Conduct overnight repurchase agreement operations with

foobar via The Variable: Ethereum Proof-of-Stake - Explaining Ethereum's consensus mechanism after The Merge.

Source: https://0xfoobar.substack.com/p/ethereum-proof-of-stake In this article foobar does a deep dive in: -detailed description of Ethereum’s PoS consensus model -comparing with other PoS chains such as BSC, Solana, Avalanche -how Ethereum PoS can recover from malicious attacks -refuting common anti-PoS talking points -discuss the practicalities

I pity the fool who takes the fed staff at their word!

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SEC Alert! SEC Charges Empires Consulting Corp. with Fake Trading Scheme that allegedly raised at least $40 million by luring investors with false claims of one percent daily profits, but instead misappropriated large sums of investors' money for personal

Source: https://www.sec.gov/news/press-release/2022-119 According to the SEC's complaint, since at least late 2020, EmpiresX, based in South Florida, sold investments touting daily profits of one percent earned by a trading "bot" or Nicholas' manual trading. The complaint alleges that, in