{"id":13787,"date":"2022-08-28T13:07:06","date_gmt":"2022-08-28T13:07:06","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/silver-supply-crunch-predictions-fdic-issues-cease-and-desist-order-to-ftx-us-and-more-bitcoin-com-news-week-in-review-the-weekly-bitcoin-news\/"},"modified":"2022-08-28T13:07:06","modified_gmt":"2022-08-28T13:07:06","slug":"silver-supply-crunch-predictions-fdic-issues-cease-and-desist-order-to-ftx-us-and-more-bitcoin-com-news-week-in-review-the-weekly-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/silver-supply-crunch-predictions-fdic-issues-cease-and-desist-order-to-ftx-us-and-more-bitcoin-com-news-week-in-review-the-weekly-bitcoin-news\/","title":{"rendered":"Silver Supply Crunch Predictions, FDIC Issues Cease and Desist Order to FTX US, and More \u2014 Bitcoin.com News Week in Review \u2013 The Weekly Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Morgan Report founder David Morgan foresees a supply crunch for silver, and says that in ten years\u2019 time, it will be one of the best investments of the decade. One analyst, however, says if the precious metal falls below $18, it\u2019s \u201cvery possible that we could see silver get absolutely smoked.\u201d In other news this week, the Federal Deposit Insurance Corporation (FDIC) has issued a crypto-related cease and desist order to popular cryptocurrency exchange FTX US, and four others. All this and more, in the latest Bitcoin.com News Week in Review.<\/strong><\/p>\n

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Analyst Says if Silver Dips Below $18, Precious Metal Could \u2018Get Absolutely Smoked\u2019 \u2014 Morgan Report Founder Expects a Supply Crunch<\/span><\/h2>\n

Silver has lost more than 28% against the dollar during the last 165 days or since March 8, 2022. Despite the lower prices, David Morgan, the founder of The Morgan Report, believes silver is expected to see a crunch in supply. In ten years\u2019 time, Morgan thinks silver will be one of the best investments of the decade.<\/p>\n

Read More<\/strong><\/a><\/p>\n

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FDIC Issues Crypto-Related Cease and Desist Orders to 5 Companies Including FTX US Exchange<\/h2>\n

The Federal Deposit Insurance Corporation (FDIC) has sent a cease and desist letter to five companies, including crypto exchange FTX US. CEO Sam Bankman-Fried explained that FTX does not have FDIC insurance, stating: \u201cWe never meant otherwise, and apologize if anyone misinterpreted it \u2026 to be clear FTX US isn\u2019t FDIC insured.\u201d<\/p>\n

Read More<\/strong><\/a><\/p>\n

\"Terra's<\/p>\n

Terra\u2019s 2 Classic Coins Mysteriously Spike in Value, USTC Climbs 42% Higher in 24 Hours<\/h2>\n

Interestingly, the two so-called \u2018defeated\u2019 Terra blockchain tokens, now called terraclassicusd (USTC) and luna classic (LUNC), have seen significant gains. LUNC has climbed 8% higher recently and the once-stable coin USTC has jumped 42.2% higher against the U.S. dollar on Tuesday.<\/p>\n

Read More<\/strong><\/a><\/p>\n

\"World's<\/p>\n

World\u2019s Largest Ethereum Mining Pool to Drop Ether PoW Mining, Ethermine Starts Merge Countdown<\/h2>\n

The world\u2019s largest ethereum mining pool, Ethermine, has announced the organization plans to drop proof-of-work (PoW) ethereum mining entirely. Ethermine says that the platform\u2019s miner dashboard will display a countdown and users can continue to mine ether until the countdown reaches zero.<\/p>\n

Read More<\/strong><\/a><\/p>\n

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\nTags in this story
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Cease and Desist<\/a>, cease and desist order<\/a>, David Morgan<\/a>, Ethereum<\/a>, FDIC<\/a>, FTX.US<\/a>, LUNA<\/a>, LUNC<\/a>, mining<\/a>, mining pool<\/a>, PoW<\/a>, Precious Metals<\/a>, Samuel Bankman-Fried<\/a>, silver<\/a>, Silver Price<\/a>, Supply Crunch<\/a>, Terra<\/a>, USTC<\/a><\/div>\n<\/div>\n

What are your thoughts on this week\u2019s hottest stories from Bitcoin.com News? Be sure to let us know in the comments section below.<\/strong><\/em><\/p>\n<\/div>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n