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FAMEEX Afternoon Crypto News Recap | March 2, 2023

2023-03-02 19:04:35

Fed President Warns of Disastrous Results if the Fed Loosens Policy Prematurely — Says Inflation Remains Too High
Federal Reserve Bank of Atlanta’s president has warned of disastrous economic consequences similar to those seen during the financial crisis of the 1970s if the Fed loosens its policy prematurely.

Binance USD (BUSD) Supply Slumped 60% Since SEC Enforcement Action
Investors are ditching BUSD and piling back into USDT.

Indian-origin engineer Nishad Singh at FTX pleads guilty to fraud charges
Nishad Singh, a 27-year-old Indian-origin former top executive of failed cryptocurrency trading platform FTX has pleaded guilty to the charges of alleged billion-dollar fraud at the now collapsed exchange.

Crypto and Payments Spheres in Indonesia Advanced With Two New Fintechs Licensed
As of 2021, Indonesian remittances are not having a large impact on the country’s economy. In an attempt to improve this and improve the general ability to transfer funds, the Central Bank of Indonesia has issued two licenses to fintechs to operate remittances and fund transfers.

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