China News Daily TheBitTimes.com

Renowned U.S. economist Peter Schiff, sharply criticized the idea of including XRP in the United States Cryptocurrency Strategic Reserve, questioning its purpose amid broader discussions about digital assets in the American economy. In a March 2, 2025, post on X, Schiff acknowledged the logic behind a Bitcoin (BTC) reserve, likening it to its digital gold narrative, but expressed his disapproval at the inclusion of the token, ‘what’s the rationale for an XRP reserve? Why the hell would we need that?’ I get the rationale for a Bitcoin reserve. I don't agree with it, but I get it. We have a gold reserve. Bitcoin is digital gold, which is better than analog gold. So let's create a Bitcoin reserve too. But what's the rationale for an XRP reserve? Why the hell would we need that? — Peter Schiff (@PeterSchiff) March 2, 2025 The gold bug added to one post: Picks for you ...

In an ironic turn of events, Cardano founder Charles Hoskinson recently told the story of when Credit Suisse turned him away due to “dangerous” crypto. Specifically, Hoskinson took to his podcast to explore his history with the bank, and why he was denied an account. Interestingly, Credit Suisse has found itself struggling amid turmoil in the global banking sector; requiring a sale for its own salvation. Conversely, the digital asset industry has seemingly been holding steady amidst uncertainty. Leading us to wonder just which was more industry was truly more “dangerous.” Source: CNN Cardano Founder Talks Credit Suisse The failures of several entities in the banking industry have dominated the news over the past few weeks. Beginning with the closure of Silicon Valley Bank, and the largest banking failure in the US since 2008, the industry has not responded well, infused with newfound panic over the sector’s ability to withstand the concern. Now, as the digital asset i...