Mark Cuban Hacked for $870K in Crypto, Economist Warns of ‘Tragic Ending’ for USD — Week in Review
Dallas Mavericks owner Mark Cuban sees his Metamask crypto wallet hacked, Peter Schiff says “day of reckoning is at hand” for dollar and U.S. economy, and the crypto community shows skepticism about rumors of Blackrock pivoting to XRP. This and more in the latest Bitcoin.com News Week in Review, just below.
Mark Cuban’s Crypto Wallet Hacked, $870,000 Lost
Hackers have apparently compromised a wallet belonging to billionaire investor Mark Cuban, stealing a number of cryptocurrencies. The owner of the Dallas Mavericks NBA team, who confirmed the breach, has been able to transfer the remaining digital funds to U.S. crypto exchange Coinbase.
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Economist Peter Schiff Warns of ‘Tragic Ending’ and US Dollar Collapse — Says ‘Day of Reckoning Is at Hand’
Economist Peter Schiff has warned that the U.S. economy is headed for a tragic ending. “We’re going to have a dollar crisis and a sovereign debt crisis,” he stressed, cautioning that the Federal Reserve is “going to print money until the dollar collapses.” He added: “I think that day of reckoning is at hand.”
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Crypto Community Skeptical of Blackrock’s XRP Pivot Rumors
Many crypto proponents have warned that despite a small connection between Blackrock and XRP, the news of the world’s largest asset manager shifting focus from bitcoin to XRP is fake. Blackrock is currently waiting for the U.S. Securities and Exchange Commission (SEC) to greenlight its spot bitcoin ETF application.
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Bankman-Fried’s House Arrest Writings Reveal Inner Turmoil, Blame Game in FTX Collapse
According to more than 250 documents sent to the media, the disgraced co-founder of FTX, Sam Bankman-Fried, said he feels like “one of the most hated people in the world.” The former CEO of the now-defunct crypto exchange further noted in his statements that “there will probably never be anything I can do to make my lifetime impact net positive.”
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