US Treasury yields are rising — What does it mean for Bitcoin price?

United States Government bonds, or Treasurys, have a tremendous influence across all tradeable markets, including Bitcoin (BTC) and Ether (ETH). In that sense, risk calculation in finance is relative, so every loan, mortgage and even cryptocurrency derivatives depend on the cost of capital attributed to U.S. dollars. Assuming the worst-case scenario of the U.S. government [...]

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IMF Foresees No ‘Rapid Shift’ in US Dollar Reserves Despite Rising De-Dollarization Trend

The International Monetary Fund (IMF) does not expect a “rapid shift” in the U.S. dollar reserves despite a rising de-dollarization trend and a looming U.S. debt default. “Don’t kiss your dollars goodbye just yet,” said IMF Managing Director Kristalina Georgieva. The IMF chief does not expect the U.S. to default on its debt obligations. US [...]

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Treasury Secretary Yellen Insists US Could Default on June 1 — Goldman Sachs Estimates ‘Real Deadline’ Is a Week Later

U.S. Treasury Secretary Janet Yellen has insisted that the U.S. could default on its debt obligations on June 1. “I think that’s a hard deadline,” she stressed. Meanwhile, global investment bank Goldman Sachs has estimated that the “real deadline” for a possible U.S. default is “more like” June 8-9. Yellen and Goldman Sachs on U.S. [...]

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Republicans Seek to Repeal Biden’s Inflation Reduction Act in Exchange for Raising US Debt Limit

There has been a lot of commentary concerning the U.S. raising its debt limit, as Treasury secretary Janet Yellen said last month that a U.S. default would be “devastating,” and European Central Bank president Christine Lagarde warned it would be a “major disaster” if the U.S. defaulted on its obligations. It now appears that Republican [...]

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Biden Says He Won’t Agree to Deal That ‘Protects Wealthy Tax Cheats and Crypto Traders’ as US Default Looms

U.S. President Joe Biden says he will not agree to “a deal that protects wealthy tax cheats and crypto traders while putting food assistance at risk” as the U.S. faces the risk of defaulting on its debt obligations. “I’ve done my part,” Biden stressed, adding that it is now time for the Republicans to move [...]

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Man faces arrest over alleged crypto mine hidden under a school

A former facilities worker in the U.S. state of Massachusetts is alleged to have stolen nearly $18,000 worth of electricity to run 11 miners in a school’s crawl space.

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Blockwater Technologies Defaults Loan from TrueFi

The blockchain investment firm has only managed to repay $654,000 of its outstanding debt following the restructuring decision. However, the firm failed to make payment on time and the debt currently amounts to $3 million. (Read More)

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Voyager Digital Issues Loan Default Notice to Three Arrows Capital on over $670 million Debt

Voyager's total exposure to Three Arrows Capital consists of over $670 million loan. The crypto hedge fund is expected to repay the loan. (Read More)

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Will Russia Use Crypto to Pay Its Foreign Debt?

US Treasury Department officials announced that Russia would no longer be able to pay bondholders through US banks after May 25, 2022 due to sanctions imposed by the Biden administration for its invasion of Ukraine. What's next for Russia? (Read More)

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Bitcoin Portfolio Insurance: Bond Risks And Contagion

As bond risks grow and contagion appear more likely than ever, every investor needs to consider bitcoin as portfolio insurance.

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All the Best Cryptocurrency Apps In One Article

The crypto market has grown a lot in the last few years. As a result, crypto enthusiasts now have a wide range of apps they...

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How to Instantly Exchange Cryptocurrency on Changelly

The industry keeps moving forward, and so does Changelly. We are constantly improving our services and enhancing the ecosystem of Changelly’s products to bring you...

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How Blockchain Could Revolutionize Banking

Although for many people the word “blockchain” has become synonymous with the term “cryptocurrency,” that’s not all there is to it. Cryptocurrencies are just one...

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Tezos (XTZ) Price Long-term Forecast

Tezos’s path of glory was not easy at all.  However, despite all obstacles, the cryptocurrency was gaining momentum rapidly. Two years after the launch, XTZ...

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What Is the Best Cryptocurrency to Mine?

Mining is one of the most popular ways to make money with crypto. However, it has been steadily becoming less and less profitable as time...

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The Intrinsic Value Of Bitcoin, Calculated Using Sovereign Credit Default Swaps

Bitcoin is incredibly cheap, considering it provides insurance on the U.S. financial structure, as well as all fiat currencies around the world.

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ECB President Lagarde Warns of ‘Major Disaster’ If US Defaults on Debt Obligations

There is a lot of discussion lately about the U.S. government’s debt ceiling and whether Congress will act before defaulting. In a recent interview, Christine Lagarde, the president of the European Central Bank (ECB), said she is confident the U.S. can maintain its debt obligations. However, she warned that if the U.S. were to default [...]

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146 Top Executives Urge Biden to Prevent US Default — Warns of ‘Disastrous Consequences’

Top executives from 146 major companies in the U.S. — including Morgan Stanley, Goldman Sachs, Nasdaq, and Pfizer — have urged President Joe Biden and congressional leaders to act swiftly to prevent the U.S. from defaulting on its debt, which could occur as early as June 1. They warned of “potentially disastrous consequences” if the [...]

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$28,000 Bitcoin is in the cards, but it won’t happen without a struggle

Bitcoin’s price declined for eight consecutive days through May 13, totaling a 9.4% correction. The last time such a losing streak happened was on June 14, 2022, after the Celsius lending platform halted withdrawals and FUD — fear, uncertainty and doubt — emerged from United States software firm MicroStrategy’s loan being liquidated at $21,000. Nothing remotely [...]

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Harvard Economics Professor: US Default Could Spark Global Financial Crisis

Harvard economics professor Kenneth Rogoff, who previously served as the chief economist at the International Monetary Fund (IMF), has warned that the U.S. defaulting on its debt obligations could spark a global financial crisis. “It’s a very perilous situation and we are in unknown waters,” he warned. Harvard Professor of Economics Kenneth Rogoff on U.S. [...]

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