2008 ‘Lehman Moment About to Hit’ — Major Banks Suffer; How to Access Your ETHW, ‘No Digital Dollar Act,’ Sega Blockchain Game — Bitcoin.com News Week in Review – The Weekly Bitcoin News
In this week’s edition of Bitcoin.com News Week in Review, two of the world’s largest banks — Credit Suisse and Deutsche Bank — are suffering from distressed valuations, with credit default insurance levels looking at levels last seen in the 2008 financial crisis Tradfi institutions (traditional financial institutions) are interested, this issue also includes a handy guide on how to claim your ETHW tokens from the recent Ethereum hard fork. Additionally, a US Senator has introduced a “No Digital Dollar Act” and Japanese gaming giant Sega is set to launch its first blockchain game.
“Trade like a Lehman moment” – Credit Suisse and Deutsche Bank suffer from distressed ratings as banks’ credit default swaps near 2008 levels
More than a decade has passed since the 2007-2008 financial crisis, when Lehman Brothers, the fourth largest investment bank in the United States, collapsed and filed for bankruptcy. Almost 14 years later, Credit Suisse and Deutsche Bank, two of the world’s largest banks, are suffering from distressed valuations and bank default insurance levels are nearing levels not seen since 2008.
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A step-by-step guide to accessing your ETHW tokens if you owned ETH before the merger
With the launch of the new Ethereumpow (ETHW) network, Ethereum holders are eligible to receive a single ETHW for every Ether they own. The following is a simple guide showing Ethereum holders how to access their ETHW tokens using a wallet like Metamask.
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US Senator introduces ‘No Digital Dollar Act’ to ban the Treasury Department and Fed from interfering with Americans’ use of fiat money
A US Senator introduced the No Digital Dollar Act to ban the US Treasury and Federal Reserve from interfering with Americans’ use of fiat money when launching a central bank digital currency. The bill further states, “No central bank digital currency shall be considered legal tender under Section 16 5103 of Title 31 of the United States Code.”
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Japanese gaming giant Sega launches first blockchain game
Sega, one of the largest Japanese game companies, has announced that it will launch its first blockchain game in collaboration with Double Jump Tokyo, another Japanese development company. The game, based on Sega’s Sangokushi Taisen franchise, is being developed with Oasys, a Japanese scaling-focused project, to support its blockchain elements.
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