NFT News by Thebittimes.Com

When fiery Argentinian president Javier Milei took office this month, he closed half the government ministries during his first day at work. The move gave some citizens hope that he would fulfill his campaign promises — including stabilizing the economy, currency, and even hinting at crypto-forward policies in the future. Unfortunately, he has already reneged on a major campaign promise to reduce inflation . Instead, Javier Milei doubled inflation overnight . Within 24 hours of assuming the presidency, he devalued the Argentine peso’s official exchange rate against the US dollar from 366.5 pesos per dollar to 800 pesos per dollar. The country’s economy minister, Luis Caputo, said in a televised statement that Argentina would target a further monthly devaluation of 2%. To be clear, that is an official forecast to inflate. Javier Milei is big on decentralization but does he care about bitcoin? Read more: Argentina ’s leading president ial candidate sued for alleged crypt...

The former CEO of FTX, a prominent cryptocurrency exchange, Sam “SBF” Bankman-Fried, once harbored ambitions of becoming the President of the United States. This intriguing revelation comes from his former girlfriend and business associate, Caroline Ellison , who recently took the witness stand during a court appearance on October 10. In her testimony against Bankman-Fried, Ellison disclosed that he aspired to hold the highest office in the land. Their personal relationship had ended, but they continued to collaborate in their leadership roles at Alameda Research and FTX until November 2022. Ellison also admitted to involvement in fraudulent activities during her tenure at Alameda, suggesting that Bankman-Fried had orchestrated systems that allowed the hedge fund to siphon approximately $14 billion from the exchange. This disclosure occurred on the fifth day of Bankman-Fried’s criminal trial as part of a plea agreement with prosecutors. According to Ellison, between ...