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Donald Trump floated using crypto to pay off the US' $35 trillion debt, part of his embrace of Bitcoin amid the 2024 race. Kamala Harris also pledged to boost "digital assets" signaling crypto's growing bipartisan appeal.
According to veteran trader Peter Brandt, the United States dollar has lost over 90% of its value since the 1950s due to inflation.
Bitcoins price continues to correct, but BTC options markets reflect traders interest in the $62,000 level.
Bitcoin is not defined by the politics of the loudest voices in the space, in fact, many of them act in complete contradiction to their stated principles.
Bitcoin price may be closer to the big milestone $100,000 mark than many realize, as a looming banking crisis could see BTC become the new safe haven asset.
Some traders say Germanys Bitcoin selling is behind this weeks drop, but a negative reaction to concerning macroeconomic data is the likely culprit.
Notably, Lagos, Nigerias commercial nerve center, falls outside the top 15 cities regarding Google search interest for Bitcoin.
Lack of enthusiasm toward cryptocurrencies comes from regulatory uncertainty, but theres also some concern on the macroeconomic side
Following the recent resignations, OpenAI has opted to dissolve its Superalignment team and integrate its functions into other research projects within the organization.
Bitcoin futures and options indicators remain stable even after BTC price swiftly rejected off the $63,500 level.
FDUSD depegged to $0.87, and Wintermute capitalized on it, making $3 million in profit
In the world of blockchain technology, the concept of interconnected chains plays a crucial role in enabling efficient data transfer and collaboration between various platforms. Each blockchain is like an island, with its unique set of features, rules, and capabilities. However, for the technology to reach its full potential, these islands must be connected to [...]
The post Unlocking the Mystery of Crypto’s Liquidity Crisis: Why Every Chain Is Like an Island appeared first on Crypto Breaking News.
On July 28, 2023, the Kansas Office of the State Bank Commissioner closed Heartland Tri-State Bank of Elkhart, Kansas, appointing the Federal Deposit Insurance Corporation (FDIC) as receiver. (Read More)
Investigative journalist James Corbett has recently referred to the ongoing global banking crisis involving SVB, Signature Bank, Credit Suisse and others as the “Panic of 2023,” drawing comparisons to what he views as historical precedents, and pointing ahead to an inevitable and bleak, technocratic surveillance future leveraging central bank digital currencies (CBDCs) should nothing be [...]
The post ‘Panic of 2023’: James Corbett Explains How Bank Crisis Could Lead to CBDC ‘Nightmare of Total Monetary Control’ appeared first on Crypto Breaking News.
The Fed’s emergency loan facility has reached new highs as embattled banks are needing a central bank bailout.
America’s central bank has been stress-testing retail banks in the wake of several high-profile banking collapses earlier this year.
Former BitMEX CEO Arthur Hayes believes it will cause significant volatility in Bitcoin as well, suggesting it won't likely reach a new all-time high this year.
On Tuesday, the U.S. Senate Committee on Banking, Housing, and Urban Affairs, also known as the Senate Banking Committee, held a hearing to discuss the recent bank collapses in the United States and the regulatory response. Throughout the testimonies, digital assets and crypto businesses were mentioned. Senate Banking Committee chairman Sherrod Brown claimed on Tuesday [...]
The post Senate Banking Committee Holds Hearing on Recent Bank Collapses, Calls for Tougher Regulations appeared first on Crypto Breaking News.
The president of the Federal Reserve Bank of Minneapolis, Neel Kashkari, says the current banking crisis has pushed the U.S. economy closer to a recession. “We have fundamental issues, regulatory issues facing our banking system,” the Fed official stressed. Neel Kashkari on U.S. Economy, Banking Crisis, Recession Federal Reserve Bank of Minneapolis President Neel Kashkari [...]
The post Fed Bank President: Banking Crisis Tips US Economy Toward Recession appeared first on Crypto Breaking News.
Economist Peter Schiff has warned that the Federal Reserve is wrong about its recession outlook, advising everyone to get out of the U.S. dollar. He stressed that the U.S. currency is being destroyed, emphasizing that it is losing purchasing power. “Rather than fighting inflation, the Fed fueled the fire,” Schiff claimed. Peter Schiff Warns U.S. [...]
The post Economist Peter Schiff Advises ‘Get out of the Dollar’ — Says the USD Is Being Destroyed appeared first on Crypto Breaking News.
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