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Trump Inquired if Bitcoin Could Aid in Solving the $35 Trillion US National Debt Problem
28.5.2024
David Bailey, CEO of Bitcoin Magazine and a cryptocurrency aide of the Trump campaign, revealed that the former president asked if Bitcoin could be leveraged to solve the U.S. national debt problem. During an X space on Sunday night, Bailey revealed that the first time he met Trump, he asked...
US Treasury Secretary Yellen Warns of Challenges in Controlling Deficits and Interest Expense
27.5.2024
U.S. Treasury Secretary Janet Yellen has stressed the importance of managing U.S. borrowing needs amid higher long-term interest rates, emphasizing the need to boost revenue in budget negotiations. “We’ve raised the interest-rate forecast. That does make a difference. It makes it somewhat more...
‘Asia’s MicroStrategy’ Metaplanet smashes all other Japanese stocks
23.5.2024
Trading in Metaplanet’s stock was halted for two straight days under Tokyo Stock Exchange rules as its shares rocketed over the last week
OnlyFans Star Behind ‘Gamer Girl Bath Water’ Says It Put Her $90K In Debt With PayPal For Years
21.5.2024
Cosplayer and OnlyFans creator Belle Delphine recently revealed that she earned no money from her 2019 viral “Gamer Girl Bath Water” stunt because PayPal was charging her weird fees and keeping the funds for itself. Almost five years later, Business Insider reports that the internet celebrity’s...
Former House Speaker Paul Ryan Says Stablecoins Could Be Worth “Trillions” Once Regulated
16.5.2024
Paul Ryan said last week that stablecoins may help drive demand for dollars and U.S. debt.
The post Former House Speaker Paul Ryan Says Stablecoins Could Be Worth “Trillions” Once Regulated appeared first on Cryptonews
Here’s why US debt is out of control — and Japanese debt isn’t
15.5.2024
Japanese debt might be high, but it isn't comparable to American debt, which is set to trigger a financial implosion — and light a spark under Bitcoin
SEC tries again for Debt Box suit dismissal with option to refile
14.5.2024
The SEC says case dismissal without prejudice is “normally granted” when a plaintiff requests it, but the court has criticized the agency’s current suit
Coinbase’s Legal Officer Rallying Binance, Ripple, Uniswap Against SEC’s ‘Gaslighting’
14.5.2024
Regarding the Debt Box issue, Coinbase Chief Legal Officer Paul Grewal criticised the US Securities and Exchange Commission (SEC) on May 14. Given the significant ramifications for the industry, he also urged other cryptocurrency exchanges to question the SEC's earlier moves.
The post...
Metaplanet Adopts Bitcoin as Reserve Asset Amid Japan’s Debt Burden
13.5.2024
Metaplanet strategy “unequivocally prioritizes a Bitcoin-first, Bitcoin-only approach” with financial options such as long-dated yen liabilities.
The post Metaplanet Adopts Bitcoin as Reserve Asset Amid Japan’s Debt Burden appeared first on Cryptonews
Metaplanet Makes Bitcoin a Reserve Asset As Japan’s Debt Mountain Grows
13.5.2024
The announcement comes at a time when Japan's fiscal crisis is said to be playing out in the currency market
Analyst Heralds Multi-Year Bull Market For Gold: $8,000 per Ounce at Play
9.5.2024
Jan Nieuwenhuijs, a gold market analyst, has predicted a new multi-year bull market for gold. According to different factors, including the low percentage of gold as part of the global international reserves, and the size of the equity market, gold prices might be preparing to rise, putting prices...
First Polygon Network bond issued via blockchain-based Debt Protocol ‘Obligate’
6.5.2024
Obligate has issued bonds using the Polygon blockchain without the involvement of any banks. Muff Trading AG, a Swiss-based physical commodities trading firm specializing in metal sourcing, issued the bonds. Muff Trading AG used the Obligate marketplace to tokenize bonds. The size and terms...
Analyst: Gold and Silver Set to Rally Amidst a Collapse of the US Financial System
3.5.2024
Egon von Greyerz, a former banker and gold analyst, claims that gold and silver are set for a price rally amidst an upcoming collapse of the U.S. financial system. Von Greyerz states that interest rates will exceed 10% in a hyperinflationary environment, fueled by the issuance of unlimited debt...
MicroStrategy Q1 net loss hits $53.1M but Bitcoin buying spree continues
30.4.2024
MicroStrategy has yet to adopt the new accounting standard that would have taken the billions of dollars in paper gains from Bitcoin’s 65% price rally into account
Bitcoin price holds steady amid spot BTC ETF outflows and uptick in unfriendly regulation
26.4.2024
Bitcoin price holds above $63,000 even as regulatory enforcement ramps up and spot BTC ETF outflows raise concern
39% of Canada’s institutional investors have exposure to crypto: KPMG
25.4.2024
KPMG Canada partner Kunal Bhasin says rising debt and increasing inflation have likely attracted institutional investors into crypto
Arthur Hayes Predicts Macro Strengthening as Sovereign Debt Bubble Nears Burst, Fueling Bitcoin’s Rise
24.4.2024
Renowned crypto entrepreneur Arthur Hayes has shared his insights on the macroeconomic landscape, predicting a strengthening trend that could further propel Bitcoin's ascent.
The post Arthur Hayes Predicts Macro Strengthening as Sovereign Debt Bubble Nears Burst, Fueling Bitcoin’s Rise...
SEC Lawyers Resign After Judge Sanctions the Regulator for ‘Gross Abuse of Power’
23.4.2024
Two lead attorneys for the U.S. Securities and Exchange Commission (SEC) in the case against crypto firm Debt Box have reportedly resigned. This followed a federal judge sanctioning the SEC for its “gross abuse of power” after the agency made “materially false and misleading...
SEC Lawyers Resign Amid Criticisms in Crypto Case Against DEBT Box
23.4.2024
Two lawyers from the SEC, Michael Welsh and Joseph Watkins, resigned following a federal judge's sanction and severe criticism of the regulatory agency's handling of a crypto-related case.
The post SEC Lawyers Resign Amid Criticisms in Crypto Case Against DEBT Box appeared first on Cryptonews
Two SEC Lawyers Resign Following Debt Box Sanctions Fiasco: Bloomberg
22.4.2024
Two lawyers for the U.S. Securities and Exchange Commission (SEC) were forced to resign after a federal judge sanctioned the agency last month for committing a “gross abuse of power” while attempting to secure a temporary restraining order against Utah-based crypto company Debt Box, according to...