Schiff Says Decline in U.S. Inflation “Only Temporary,” JPMorgan Recession CEO Mark Cuban Sued, Axie Infinity Update — News Week in Review — The Weekly Bitcoin News

Goldbug and economist Peter Schiff have warned that the U.S. economy appears to be easing inflation and nothing to get too excited about, as Shark Tank star billionaire Mark Cuban faces a class-action lawsuit for allegedly promoting a “massive Ponzi scheme.” In other news, JPMorgan Chase CEO Jamie Dimon believes “things worse than a recession” could be on the horizon, with popular game-to-play (P2E) blockchain game Axie Infinity hitting $4B in sales and Announcing the removal of SLP rewards from Classic Mode. Here’s a recap of the News Week.

Peter Schiff warns U.S. faces 'massive financial crisis', economists expect much bigger problem than 2008 'when defaults started'

Peter Schiff warns U.S. faces ‘massive financial crisis’, economists expect much bigger problem than 2008 ‘when defaults started’

Economist and gold bug Peter Schiff usually has a lot to say, and last week Schiff explained in an interview that he believes the U.S. will face a financial crisis worse than the “Great Recession” of 2008. Schiff explained that the U.S. has far more debt than it did at the time, insisting that a U.S. recession “will be a much bigger crisis when defaults begin.”

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Billionaire Mark Cuban Indicted For Touting Voyager Crypto's 'Ponzi Scheme', Saying It's 'Near Risk-Free'

Billionaire Mark Cuban indicted for allegedly promoting massive crypto ‘Ponzi scheme’

Shark Tank star and owner of NBA team the Dallas Mavericks, Mark Cuban, is facing a class-action lawsuit for promoting Voyager Digital’s crypto products. Plaintiffs claim Voyager was “a giant Ponzi scheme” in which Cubans “deceived millions of Americans into investing.”

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JPMorgan Chase President Jamie Dimon warns 'things worse than recession could be coming'

JPMorgan Chase President Jamie Dimon warns ‘things worse than recession could be coming’

JPMorgan Chase CEO Jamie Dimon shared his forecast for the U.S. economy, including the possibility of a “worse” than recession. “There are dark clouds,” the executive said, citing interest rates, QT, oil, Ukraine, war and China.

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Axie Infinity's gross sales exceed $4 billion, and team removes SLP rewards from classic game mode

Axie Infinity’s gross sales exceed $4 billion, and team removes SLP rewards from classic game mode

After hitting over $4 billion in all-time sales, Axie Infinity has announced that the game’s Classic mode will no longer allow users to earn Smooth Love Potion (SLP), as SLP rewards have been added to the new Origin Ranked game mode. The team has also introduced non-fungible token (NFT) runes and amulets that can be minted on the Ronin network through the marketplace.

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tags in this story

Axis Unlimited, blockchain gaming, economic collapse, inflation, Jamie Dimon, JPMorgan, Mark Cuban lawsuit, Peter Schiff, Game for Money (P2E), Ponzi schemes, recession, US economy, Voyager Digital

What are your thoughts on this week’s story? Will U.S. and global inflation ease soon, or is the worst yet to come? Be sure to let us know in the comments section below.

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