// BEGIN ENQUEUE PARENT ACTION // AUTO GENERATED - Do not modify or remove comment markers above or below: if ( !function_exists( 'chld_thm_cfg_locale_css' ) ): function chld_thm_cfg_locale_css( $uri ){ if ( empty( $uri ) && is_rtl() && file_exists( get_template_directory() . '/rtl.css' ) ) $uri = get_template_directory_uri() . '/rtl.css'; return $uri; } endif; add_filter( 'locale_stylesheet_uri', 'chld_thm_cfg_locale_css' ); if ( !function_exists( 'chld_thm_cfg_parent_css' ) ): function chld_thm_cfg_parent_css() { wp_enqueue_style( 'chld_thm_cfg_parent', trailingslashit( get_template_directory_uri() ) . 'style.css', array( 'font-awesome-v5','bootstrap','sidr','magnific-popup','sliderpro' ) ); wp_enqueue_script('custom-script', get_stylesheet_directory_uri() . '/custom-script.js', array('jquery')); } endif; add_action( 'wp_enqueue_scripts', 'chld_thm_cfg_parent_css', 10 ); // END ENQUEUE PARENT ACTION add_action( 'admin_enqueue_scripts', 'my_cfg_admin_enqueue' ); function my_cfg_admin_enqueue(){ wp_enqueue_script('custom-script', get_stylesheet_directory_uri() . '/custom-script.js', array('jquery')); wp_enqueue_style('style-cfg-child', get_stylesheet_uri(), array(), "4.2"); } add_action( 'after_setup_theme', 'remove_plugin_image_sizes', 999 ); function remove_plugin_image_sizes(){ remove_image_size( '2048x2048' ); remove_image_size( '1536x1536' ); remove_image_size( 'large' ); } function action_dynamic_sidebar_after( $array ) { if($array == "home-content-widgets") { echo the_content(); } }; add_action( 'dynamic_sidebar_after', 'action_dynamic_sidebar_after', 10, 1 ); add_action( 'trashed_post', 'mtp_delete_attached_thumbnail_for_trashed_product', 20, 1 ); function mtp_delete_attached_thumbnail_for_trashed_product( $post_id ) { // gets ID of post being trashed $post_type = get_post_type( $post_id ); // does not run on other post types if ( $post_type != 'post' ) { return true; } // get ID of featured image $post_thumbnail_id = get_post_thumbnail_id( $post_id ); // delete featured image wp_delete_attachment( $post_thumbnail_id, true ); }/** * The header for our theme * * This is the template that displays all of the section and everything up until
* * @link https://developer.wordpress.org/themes/basics/template-files/#template-partials * * @package CoverNews */ ?> JPMorgan’s CEO feels threatened by disruption in payment systems: Kevin O’Leary – CoinsMegaNews

JPMorgan’s CEO feels threatened by disruption in payment systems: Kevin O’Leary

3 years ago CryptoExpert
JPMorgan's CEO feels threatened by disruption in payment systems: Kevin O'Leary

[ad_1]

JPMorgan Chase’s CEO Jamie Dimon feels threatened by how the crypto space is disrupting the payment systems, stated the Shark Tank host and multi-millionaire venture capitalist Kevin O’Leary speaking at a Converge22 panel on Sept 28. 

O’Leary made his remarks after Dimon declared himself as a “major skeptic” on “crypto tokens, which you call currency, like Bitcoin,” referring to them as “decentralized Ponzi schemes” in his testimony to the United States Congress last week.

Still on the panel, O’Leary explained that friction is one of the major problems in the traditional financial system and, plus, it’s how banks profit on transaction fees, adding that stablecoins could lead to a reduction in fees throughout the world. He stated:

“This isn’t about speculation on asset price. This is about reducing the fees of how the world’s economies work, more transparent, more productive, completely auditable, regulated, but less expensive. So, does Jamie Dimon feel threatened? You are damn right, he does. That is a big part of how he makes money.” 

Regarding the regulatory environment in the US, the venture capitalist explained that sovereign wealth and pension funds are waiting for regulation before adding digital assets to their portfolios, noting that:

“If you are a sovereign wealth fund or a country that is oil rich, perhaps you are generating a quarter of $1,000,000 in the 12 hours. The only place on earth you can plot that is in the S&P. The only way you can do that is to be compliant with the SEC rules. They are never going to make a move against the SEC in any way until these rules are determined.”

According to O’Leary, a regulatory shift in the US approach to digital assets would lead to a 10% appreciation for all crypto assets overnight. US lawmakers are working on a bill to regulate stablecoins that could be approved by year’s end.

Stablecoins are a class of cryptocurrencies that attempt to offer investors price stability, either by being backed by specific assets (such as the US dollar) or using algorithms to adjust their supply based on demand.

[ad_2]

Source link

Tags:

More Stories

Umoja Partners With Merlin Chain to Launch Bitcoin’s First High-Yield Synthetic Dollar

Umoja Partners With Merlin Chain to Launch Bitcoin’s First High-Yield Synthetic Dollar

1 year ago CryptoExpert
USDE and FDUSD Experience Brief Depegs Amid Saturday’s Crypto Market Shake-Up

USDE and FDUSD Experience Brief Depegs Amid Saturday’s Crypto Market Shake-Up

1 year ago CryptoExpert
Solana Developers Test Congestion Fixes in Testnet, Introduce Measures to Prioritize Traffic

Solana Developers Test Congestion Fixes in Testnet, Introduce Measures to Prioritize Traffic

1 year ago CryptoExpert
Arthur Hayes Introduces New ‘Risk Radar’ for Ethena’s USDE Stablecoin

Arthur Hayes Introduces New ‘Risk Radar’ for Ethena’s USDE Stablecoin

1 year ago CryptoExpert
Stablecoin Market Expands by $4.46 Billion in 12 Days

Stablecoin Market Expands by $4.46 Billion in 12 Days

1 year ago CryptoExpert
SAGA token price prediction; Bitbot follows in its footsteps

SAGA token price prediction; Bitbot follows in its footsteps

1 year ago CryptoExpert

Leave a Reply

Your email address will not be published. Required fields are marked *

/** * The template for displaying the footer * * Contains the closing of the #content div and all content after. * * @link https://developer.wordpress.org/themes/basics/template-files/#template-partials * * @package CoverNews */ ?>

You may have missed

Ideal Neteller Gambling Enterprises: A Comprehensive Overview

24 hours ago xtw18387208b

No Account Casino Site: The Future of Online Betting

24 hours ago xtw18387208b

Free Slots No Download And Install: The Ultimate Overview

1 day ago xtw18387208b

The Increase of Online Port Gamings: A Comprehensive Guide

1 day ago xtw18387208b