FameEX Afternoon Crypto News Recap | April 10, 2023

Investment Manager Predicts Sharp Depreciation of US Dollar Within Next Five Years
https://www.fameex.com/en-AU/news/crypto-trending-news-2023041003
According to investment manager Larry Lepard, the US dollar is at risk of losing most of its value in the next 5-10 years. He attributes this to the US government's seizure of $600 billion of Russian currency reserves during the Russia-Ukraine war, which, in his opinion, has initiated another round of currency debasement. Lepard argues that this event sends a warning to other countries that the US can take their money if they fail to meet its expectations.

A Proposal from Texas Lawmakers: A State Digital Currency Backed by Gold
Texas lawmakers have proposed bills for a state-backed digital currency backed by gold, defying objections from some US legislators against a central bank digital currency. The bills aim to integrate the currency into current financial institutions while evaluating the potential risks and benefits of the proposal.

America's First Nuclear-Powered Bitcoin Mine Achieves Record-Breaking Zero-Carbon Energy Rate
TeraWulf's Nautilus has made history as America's inaugural nuclear-powered Bitcoin mine by achieving a remarkable feat in March 2023. The facility fueled its 9,200 miners entirely with nuclear energy, attaining a staggering 91% rate of zero-carbon energy. This breakthrough sets a new standard in the cryptocurrency industry and highlights the promising role of sustainable energy sources in powering energy-intensive operations like Bitcoin mining.

Sushiswap Reports Losses of Over $3M due to Smart Contract Bug; Head Chef Recovers Hundreds of ETH
Sushiswap, the decentralized exchange (dex) protocol, suffered over $3 million in losses due to a smart contract bug, as per multiple reports. The affected contract was deployed across various blockchains, and blockchain and smart contract security company Peckshield confirmed the incident.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.