Blockchain DXB: 🔴 31st March 🔴 ❌#FAKENEWS regarding Inflation by AP? 💯FDIC Reverses U.S. Crypto Banking Policy ⭕ BitMEX founders Pardon 🚨Galaxy Digitals: $200M Settlement
Blockchain DXB
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31st March: Blockchain DXB) Podcast 🎙️❌#FAKENEWS) on Inflation by AP? 💯FDIC Reverses U.S. Crypto Banking Policy ⭕ BitMEX) founders Pardon 🚨Galaxy Digitals: $200M Settlement❌ Fakenews & Misleading informaiton on Inflation by The Associated Press) Article titled 'US consumers remained cautious about spending last month as inflation ticked higher' by Chris Rugaber) raises some concerns. Article here https://shorturl.at/H56Yz)- The report in the article via the Bureau of Economic Analysis) is here https://shorturl.at/kGOS9)- We at Blockchain DXB) used OpenAI), Grok 3 Grok3), Google) Gemini & VenusAI) to assess the report & come to the conclusion that the article is hashtag#fakenews) & hashtag#misleading) Check out our episode we share our commentary on this💯The statement only reflects one interpretation of broader trends, it is not fully supported by the report.⭕ Here's an article by the same author on 12th March stating U.S. inflation slowed last month for the first time since September and a measure of underlying inflation fell to a four-year low, even as widespread tariffs threaten to send prices higher. Article here https://shorturl.at/wPOwy)✅ The Federal Deposit Insurance Corporation (FDIC)) issued new guidance (FIL-7-2025) allowing FDIC-supervised banks to engage in crypto-related activities without prior approval, reversing its 2022 policy (FIL-16-2022). Acting Chairman Travis Hill called it a shift from the approach of the past three years, emphasizing risk management. The FDIC will collaborate with the President’s Working Group and other regulators to refine crypto-related policies.✅Crypto-related activities include, but are not limited to, acting as crypto-asset custodians; maintaining stablecoin reserves; issuing crypto and other digital assets; acting as market makers or exchange or redemption agents; participating in a blockchain- and distributed ledger-based settlement or payment systems, including performing node functions; as well as related activities such as finder activities and lending. Official news here https://shorturl.at/wevsX)🚀BitMEX) founders pardon: On 27th March, President Donald Trump pardoned Arthur Hayes), Benjamin Delo and Samuel Reed, the three co-founders of the storied crypto exchange BitMex who were facing a range of criminal charges related to money laundering or violations of the Bank Secrecy Act. Info via Cointelegraph) https://shorturl.at/BeBwE)🚨Mike Novogratz)’s Galaxy Digital has agreed to a $200 million settlement with the New York Attorney General over alleged misrepresentations regarding its handling of LUNA before its collapse. The settlement requires Galaxy to pay $200 million over three years and to implement new policies on public statements about cryptocurrencies. Official Filings here https://shorturl.at/oQRAL)🟠Two UAE news (See slides)⚡ IBM) unveils Dubai blockchain deal⚡ Dubai Data) and Statistics Establishment partners with BlueGen.ai) to enhance labour force survey accuracy
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