Records show one of United States President Joe Biden’s Senate closest allies placed a substantial financial wager against the country’s economy last month. The latest development comes amidst mounting regulatory pressures on the cryptocurrency industry by the US regulatory watchdogs that have argued that the asset class poses a serious threat to the economy. Shorting the US Economy According to reports, Senator Thomas Carpel, a member of the Senate Finance Committee,...
Read More »US Presidential Candidate Ron DeSantis to End Biden’s ‘War on Bitcoin’ if Elected
Ron DeSantis – Governor of Florida and one of the Republicans’ presidential nominees – stated that the “war on Bitcoin and cryptocurrency” that Biden’s administration has supposedly waged will cease should he become the next political leader of the United States. He also reiterated his hostile stance toward central bank digital currencies, saying such a financial product will not see the light of day if he gets elected. DeSantis’ Pro-Bitcoin Promise The US presidential...
Read More »KENNEDY2024 Wahlspenden: Robert F. Kennedy akzeptiert Bitcoin
Er will der 47. US-Präsident werden, Robert F. Kennedy, der Neffe des früheren US-Präsidenten John F. Kennedy. Kennedy hat Geschichte und Juristerei studiert. Aber das ist mal Nebensache. Wichtig ist, dass Kennedy sich oftmals sehr aufgeschlossen gegenüber digitalen Währungen und insbesondere Bitcoin geäussert hat. Und er bleibt sich treu, für seinen Wahlkampf akzeptiert Kennedy Spenden via Kreditkarte, Google Pay… und Bitcoin! Aufgepasst! Wer jetzt sofort seine Wallet-App, Trezor-Stick und...
Read More »KENNEDY2024: Robert F. Kennedy akzeptiert Bitcoin als Wahlspende
Er will der 47. US-Präsident werden, Robert F. Kennedy, der Neffe des früheren US-Präsidenten John F. Kennedy. Kennedy hat Geschichte und Juristerei studiert. Aber das ist mal Nebensache. Wichtig ist, dass Kennedy sich oftmals sehr aufgeschlossen gegenüber digitalen Währungen und insbesondere Bitcoin geäussert hat. Und er bleibt sich treu, für seinen Wahlkampf akzeptiert Kennedy Spenden via Kreditkarte, Google Pay… und Bitcoin! Aufgepasst! Wer jetzt sofort seine Wallet-App, Trezor-Stick und...
Read More »US Treasury Set for Debt Issuance Worth $1T Following President Biden’s Signing of Debt Ceiling Bill
Economists predict the US Treasury’s forthcoming debt issuance will hit $1 trillion and may eventually cause economic stiffness. US President Joe Biden’s assent and signing of the bill suspending the federal debt ceiling will trigger new debt issuance. Already, observers expect the Treasury Department to sell $1 trillion worth of debt. On Saturday, President Biden officially signed the bill, which removed the US debt ceiling until Jan 1, 2025. Biden’s signature followed a relatively...
Read More »Europe Stocks Climb Higher after US Congress Approve Bill to Increase Debt Ceiling
Stocks in Europe and Asia have risen in response to the debt ceiling increase approved by lawmakers in the US. Stocks in Europe opened higher today after the US Senate approved a bill to suspend the government’s debt ceiling. Following a 63-36 vote, US lawmakers agreed to raise the debt ceiling to prevent the country’s first-ever debt default. Congress has now sent the approval to President Joe Biden for assent. As of 9:30 am London time this morning, the STOXX Europe 600 climbed 0.7%...
Read More »What Would Happen to Bitcoin If The US Debt Ceiling Cracks (Opinion)
Watch that little blue line on Google Trends for “bitcoin” hit the ceiling if the U.S. defaults on its debt. BTC might suffer at first as markets go risk-off, but could easily shine in another global financial crisis. House Republicans reached a tentative deal with President Joe Biden’s White House over the Memorial Day Weekend. The deal would help raise the debt limit imposed by Congress on federal borrowing. But it isn’t yet assured. House Democrats are unhappy with some of...
Read More »US Treasury Yields Slide amid Anticipation for Congress Debt Ceiling Vote
The 2-year and 10-year Treasury yields dropped Tuesday as investors await the legislative voting outcome on the debt ceiling bill. US Treasury yields slumped today ahead of a Congress on the federal government’s proposed debt ceiling bill. Treasury yields tumbled Tuesday as markets reopened, with investors bracing themselves for a lawmaker vote on the Biden administration’s 11th-hour debt ceiling proposal. Late Sunday, US President Joe Biden and House Speaker Kevin McCarthy struck a...
Read More »Latest US Debt Ceiling Proposal Strikes Out Unpopular Crypto Tax Bill
The recent US debt ceiling deal has struck out the previous crypto tax bill proposed by the Biden administration. Congressman Warren Davidson has confirmed that the recent US debt ceiling deal blocks a potentially pivotal crypto tax bill proposed by the Biden administration. Davidson’s confirmation came as a response to a tweet by Bitcoin advocate and Riot Platforms research executive Pierre Rochard asking for clarity. Following Sunday’s debt ceiling agreement between US President Joe...
Read More »European Markets Open Higher Following US Debt Ceiling Deal
European stock markets were higher in pre-trade amid impending Congress vote on the proposed US debt ceiling bill. European markets opened higher on Monday following the US debt ceiling deal between President Joe Biden and House Speaker Kevin McCarthy. Over the weekend, the two high-ranking politicians finally agreed to raise the US debt ceiling, thereby preventing a default. In light of the deal, Biden and McCarthy now seek to convince Congress to approve implementation in the coming...
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