‘Make It About the Open-Source Project’, Economist Predicts ‘Catastrophe’ Fall in US Living Standards, Falling FRC Stocks & More Than a Week in Review CryptoGlobe

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Another week has passed in the world of crypto and finance, with the anniversary of the last known emails from Bitcoin creator Satoshi Nakamoto, forecasts of massive drops in American living standards and important developments to the troubled First Republic Bank. All that and more just below, in Bitcoin.com’s latest News Week Review.

The Elusive Satoshi Nakamoto: Latest Emails Reveal Bitcoin Creator’s Thoughts Before He Disappeared Over A Decade Ago

Twelve years ago, on this very day of April 23, 2011, an enigmatic individual known only as Satoshi Nakamoto wrote one of the last correspondences with software developer Mike Hearn. The elusive mastermind behind Bitcoin conveyed in the message that he, she or they had moved on and confidently asserted that the project was in good hands.

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Economist warns of ‘catastrophic’ fall in US living standards Elon Musk looks at de-dollarization and weaponization of the US dollar

Economist Peter St Onge has warned that the militarization of the US dollar will lead to runaway inflation, a catastrophic drop in American living standards and a fall for the United States on the world stage. Commenting on warnings from economists, Tesla and Twitter CEO Elon Musk weighed in on dedollarization.

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US banking sector continues to struggle as First Republic Bank shares fall more than 30%

In the midst of a tumultuous week, First Republic Bank is struggling to regain its footing in the financial world. Reports have surfaced that the bank is on the verge of government receivership due to a massive outflow of $100 billion in customer withdrawals last month. This prompted investors to flee the bank, causing a dive bomb of more than 50% on Tuesday.

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Gold Bug Peter Schiff Warns US Dollar Will Lose Reserve Currency Status

Economist Peter Schiff has warned that a mortal blow is coming for the US dollar and the USD will lose its status as the world’s reserve currency in this financial crisis. People are still hesitant to call it a financial crisis, but that’s exactly what it is, except it’s larger in scale and will have far more impact than the 2008 crisis, pointed out Schiff.

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What do you think of this week’s hottest stories from Bitcoin.com News? Be sure to let us know in the comments section below.

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