Binance gets greenlight to invest customer assets in US Treasury Bills

The court stipulated that Binance could invest customer funds custodied at BitGo in Treasury Bills maturing along a four-week basis.

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How would a US debt default impact Bitcoin?

Cointelegraph analyst and writer Marcel Pechman explains how a U.S. debt default could impact Bitcoin and the larger cryptocurrency market.

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Debt ceiling crisis: Best practices to navigate this market

Join us as we discuss the current U.S. debt ceiling crisis and what it means for Bitcoin and the crypto market.

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The US Treasury is running out of cash — trouble ahead for Bitcoin?

Cointelegraph analyst and writer Marcel Pechman explains how and why the U.S. Treasury is quickly running out of cash, and what that means for Bitcoin and the crypto market.

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Bitcoin, Ethereum bears are back in control — Two derivative metrics suggest

A bearish market structure has been pressuring cryptocurrencies’ prices for the past six weeks, driving the total market capitalization to its lowest level in two months at $1.13 trillion. According to two derivative metrics, crypto bulls will have a hard time to break the downtrend, even though analyzing a shorter timeframe provides a neutral view [...]

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US gov’t $1.5T debt interest will be equal 3X Bitcoin market cap in 2023

The U.S. will pay over $1 trillion in debt interest next year, the equivalent of three or more Bitcoin market caps at current prices.

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Here’s why Bitcoin price could correct after the US government resolves the debt limit impasse

Bitcoin price has been on a tear, but analysts warn that resolving the U.S debt limit issue could trigger sharp downside for risk assets like BTC.

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Research: US debt surpasses $31 trillion

The United States national debt reached its all-time high this month, surpassing $31 trillion.

The post Research: US debt surpasses $31 trillion appeared first on CryptoSlate.

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US debt surpasses $31 trillion

The United States national debt reached its all-time high this month, surpassing $31 trillion.

The post US debt surpasses $31 trillion appeared first on CryptoSlate.

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U.S. debt hits $30 trillion, brrrrr…

Driven in most parts by a response to the coronavirus pandemic, United States national debt has surged more rapidly than projected in recent years.

The post U.S. debt hits $30 trillion, brrrrr… appeared first on CryptoSlate.

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‘Thank God for Bitcoin,’ Cynthia Lummis says on US debt limit raise

Bitcoin should be there to allow people to save in the event the government fails, Senator Cynthia Lummis said.

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New survey says Bitcoin is safer than the US dollar — Watch The Market Report

On this week’s episode of The Market Report, Cointelegraph’s resident expert discusses if Bitcoin is safer than the U.S. dollar, considering the impending risk of debt default.

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Bitcoin a top 3 asset in the event of US debt default: Survey

Major cryptocurrency Bitcoin (BTC) could become a top three asset in the event of a theoretical debt default in the United States, according to a new survey. As U.S. President Joe Biden prepares to meet with Congress on May 16 to discuss the U.S. debt ceiling, investors are seeking hedges to protect their savings in [...]

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US Bitcoin reserve could slash national debt 35% by 2049: VanEck

VanEck said a US Bitcoin reserve could slash the national debt if the cryptocurrency increases to $42.3 million a coin by 2049.

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US gov’t debt downgraded — Huge news for Bitcoin?

Cointelegraph analyst and writer Marcel Pechman explains why the downgrading of U.S. government debt will negatively impact the price of Bitcoin over the next few months.

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Stablecoins can benefit financial system, Fed governor says

The United States national debt has crossed $35 trillion, with $500 billion added to the government debt in the last two weeks alone.

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De-dollarization: Is it really happening?

De-dollarization, the decline of the United States dollar as the world’s dominant reserved currency, is underway, and it’s gaining momentum.  For over 100 years, the U.S. dollar has been the world reserve currency, which means it has been the dominant foreign currency held by central banks to carry out international transactions and settle international debt.  [...]

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Russian Finance Minister Talks Dollar Attack on Russia, Importance of Developing Alternatives for Settlements

Russian Finance Minister Anton Siluanov has given his opinion on the perceived attack the Russian economy has been receiving from the U.S. dollar, and how the country has moved to keep trade going. Siluanov also remarked on the importance of developing settlements in national currencies. Russian Finance Minister Anton Siluanov: ‘The Dollar Has Challenged Russia’ [...]

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‘Bidenomics’ Agenda Struggles to Gain Support as Joe Biden’s Approval Ratings Plummet

Over the past week, U.S. president Joe Biden has been engaged in discussions regarding his economic agenda, commonly referred to as “Bidenomics,” with the aim of establishing a strong groundwork for his 2024 reelection campaign. Emphasizing the potential to revive the cherished “American dream,” Biden has passionately advocated for his plan. Nevertheless, the president’s approval [...]

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Economist Peter Schiff Warns of US Dollar Crisis and ‘Catastrophic End’ — National Debt Will ‘Spiral out of Control’

Economist Peter Schiff has warned of an impending U.S. dollar crisis. He predicted that with the new debt ceiling deal, “reckless government spending and borrowing will continue until a sovereign debt and U.S. dollar crisis bring it to a catastrophic end.” Peter Schiff’s Latest Economic, Dollar Crisis Warnings Economist and gold bug Peter Schiff has [...]

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