3 / 4 Relevant items tagged with #Debt

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Bitcoin, gold and the debt ceiling — Does something have to give?

[May 18, 2023 12:20 PM] Traders are still tiptoeing around markets, as multiple risk events remain at the forefront, but BTC margin and futures markets are starting to favor a bullish breakout.

What Does the Debt Limit Showdown Mean for Bitcoin?

[May 17, 2023 10:00 AM] A U.S. debt default would be bad for absolutely everything.

Bitcoin Slides Below $27K as Investors Eye Debt Ceiling Negotiations

[May 16, 2023 3:21 PM] Treasury Secretary Janet Yellen warned the U.S. could breach its debt limit by June 1, potentially setting off a recession in the event of default.

As The U.S. Faces Default On $31 Trillion Debt, The Case For Bitcoin Grows Stronger

[May 15, 2023 6:00 AM] This is an opinion editorial by Robert Hall, a content creator and small business owner.If you follow U.S. politics, you understand that the country is on the brink of defaulting on its massive $31 trillion debt. At the crux of the issue is that…

Circle reportedly adjusts USDC reserves to avoid US default risk

[May 10, 2023 11:35 PM] The world’s second-largest stablecoin issuer wants to reduce its exposure to potential US debt defaults.

Bitcoin options: How to play it when BTC price moves up or down 10%

[May 8, 2023 6:10 AM] A perfect storm is forming for higher volatility. Learn how to profit from BTC price moves on either side.

Ex-Coinbase Exec Balaji Srinivasan Closes Out $1 Million Bitcoin Bet

[May 3, 2023 11:30 PM] Former Chief Technology Officer at Coinbase, Balaji Srinivasan, closed out early a bet that the price of bitcoin would hit $1 million by mid-June amid hyperinflation of the U.S. dollar. Srinivasan paid a total of $1.5 million, more than the…

Got liquidated with Bitcoin futures? Get 3.5x leverage using this options strategy

[Apr 27, 2023 7:52 AM] Here is how professional traders use Iron Condor options strategies to benefit from the banking crisis and the U.S. debt ceiling increase.

Bitcoin Posts Biggest Weekly Loss in Five Months as Dollar Liquidity Declines, Debt Ceiling Fears Return

[Apr 24, 2023 2:26 AM] The cost of insuring against a potential U.S. government default in the next 12 months soared to record highs last week.

Dollar Dominance Fading Amid Growing China Trade, Russia Sanctions Risks, Ray Dalio Says

[Apr 20, 2023 4:30 PM] Fewer nations are willing to hold the U.S. dollar as America’s share in the global economy becomes smaller while China’s role in international trade expands, billionaire Ray Dalio noted. The founder of the world’s largest hedge fund also said thatâ€

Market Analyst Heralds the Collapse of ‘Everything,’ Calls for Hedging in Gold and Silver Before There Isn’t Any Left

[Apr 5, 2023 12:30 AM] Egon von Greyerz, market analyst and founder of Matterhorn Asset Management, is predicting the collapse of the central bank system in the next few years due to an increasing issuance of currency and debt. Von Greyerz states that in the face of an…

Bitcoin Miner Stronghold Raises Year-End Hashrate Guidance to 4 EH/s

[Mar 29, 2023 9:27 AM] Fourth-quarter revenue of $23.4 million was driven mainly by selling energy to the power grid rather than crypto mining.

Experts Predict More Bank Failures in the US Following Interest Rate Hike and Unsettled Banking Crisis

[Mar 27, 2023 12:30 PM] After the recent bank collapses in the U.S., a number of people believe that more failures are coming following the Federal Reserve’s increase of the benchmark interest rate by 25 basis points (bps). American journalist Charles Gasparino…

FTX Debtors Reveal $6.8 Billion Hole in Balance Sheet Amidst Financial Discrepancies and Payments to Insiders

[Mar 18, 2023 8:30 AM] According to a presentation recently submitted by the FTX debtors on March 16, Sam Bankman-Fried’s companies had a $6.8 billion hole in their intercompany balance sheet when they filed for Chapter 11 bankruptcy protection. FTX and its…

SVB Financial Group Files for Chapter 11 Bankruptcy Protection to ‘Preserve’ Firm’s Value

[Mar 17, 2023 10:30 AM] On March 17, 2023, SVB Financial Group, the parent company of Silicon Valley Bank, filed for Chapter 11 bankruptcy protection in the Southern District of New York. The company stated that it is no longer associated with Silicon Valley Bank (SVB)…

Expert Warns of Possible Deflationary Depression as Money Supply Contracts: ‘Pay Attention to QT and the Money Supply’

[Mar 9, 2023 1:30 PM] During the Covid-19 pandemic, central banks such as the U.S. Federal Reserve loosened fiscal and monetary policy. Now, these same financial institutions are seemingly engaging in quantitative tightening (QT) practices. According to Nick Gerli, CEO…

Fixing The Incentives: How Fiat Money Broke The World

[Mar 8, 2023 10:00 AM] The global history of fiat money and U.S. world reserve status has incentivized many countries to abandon their own cultures and sovereignty.This is an opinion editorial by Jimmy Song, a Bitcoin developer, educator and entrepreneur and programmer…

Spanish Tax Agency Puts Crypto in Its Sights for the Upcoming Tax Season

[Mar 3, 2023 4:30 AM] The Spanish tax agency has included crypto as part of its new guidelines for this year’s upcoming tax collection season. Apart from boosting the channels for voluntary tax applications, the agency will potentiate the investigation of…

Fixing The Incentives: The Fiat Treadmill Keeps Us From Storing Value

[Feb 10, 2023 10:00 AM] By eliminating reasonable stores of value, the fiat economic system incentivizes us to seek debt, hope for luck and take on other poor habits.Bitcoin changes our mental model and we can see it in a lot of people that get into Bitcoin. Many…

Massachusetts-Based Bankprov to End Loan Offerings Secured by Cryptocurrency Mining Rigs

[Jan 31, 2023 1:30 PM] The Amesbury, Massachusetts-based Bankprov, a subsidiary of Provident Bancorp, has announced that it will no longer provide loans secured by cryptocurrency mining rigs. In a filing with the U.S. Securities and Exchange Commission (EX-99.1)…

Fiat Debases Belief, But Bitcoin Makes Us Human

[Jan 26, 2023 10:00 AM] Enslaving us with debt and inflation, the fiat system replaces sincerely-held beliefs. But Bitcoin gives us the chance to be human again.This is an opinion editorial by Jimmy Song, a Bitcoin developer, educator and entrepreneur and programmer with…

Casting Stones From a Glass House: Yellen’s Comments on Zambia’s Debt Restructuring Draw Criticism From Chinese Embassy

[Jan 24, 2023 4:30 PM] The Chinese embassy in Zambia denounced the United States over its debt limit and the “extraordinary measures” Treasury secretary Janet Yellen has implemented to stave off a U.S. debt default. Yellen said on Monday that it was very…

FTX’s $5.5 Billion in Alleged ‘Liquid Assets’ Includes Locked SOL Cache and Illiquid FTT Holdings

[Jan 19, 2023 11:30 AM] Two days ago, bankruptcy administrators and FTX debtors published an update for unsecured creditors claiming the discovery of $5.5 billion in liquid assets. Roughly $3.5 billion of these funds are cryptocurrency assets, with 11 different digital…

Treasury Secretary Yellen Urges Swift Action to Increase Spending Limit, Avert Default on US Obligations

[Jan 14, 2023 1:30 PM] Janet Yellen, the U.S. secretary of the Treasury, sent a letter to Congress on Friday urging lawmakers to increase the spending limit. Yellen stressed that the country would reach its statutory debt limit on Jan. 19, 2023. She warned that…

BUSD Sees $5 Billion Reduction in Supply in 24 Days, Relationship With Turkish Lira Continues

[Jan 6, 2023 9:00 AM] According to statistics, the stablecoin BUSD saw a significant drop in its supply over the past 30 days, shedding roughly 23.8% from Dec. 5, 2022, to Jan. 6, 2023. Since Dec. 13, 2022, BUSD’s supply has been reduced by more than $5 billion…

Core Scientific to Shut Down 37,000 Bitcoin Mining Rigs Belonging to Bankrupt Crypto Lender Celsius

[Jan 4, 2023 4:30 PM] Core Scientific plans to shut down 37,000 bitcoin mining rigs belonging to now-defunct crypto lender Celsius, according to an agreement between the two bankrupt firms. Celsius owes Core Scientific approximately $7.8 million for energy and hosting…

Bitcoin miners see mixed successes in tackling debt-fueled overexpansion crisis

[Jan 3, 2023 11:45 AM] Industry players accumulated over $4 billion of debt in the last crypto run-up.

In 2023, Bitcoin Will Enter The ‘And Then They Fight You’ Stage

[Jan 1, 2022 7:00 AM] As the macroeconomic debt spiral is set to spin out of control in 2023, Bitcoiners should prepare for the fight to intensify.This is an opinion editorial by Mickey Koss, a West Point graduate with a degree in economics. He spent four years in the…

Bitcoin ASIC miner prices hovering at lows not seen in years

[Dec 27, 2022 1:00 AM] ASIC miners' price per terahash has fallen more than 80% from its peak in 2021 as Bitcoin mining machines continue to flood the marketplace.

Bitcoin hashrate recovers after big freeze shuts down miners

[Dec 25, 2022 9:40 PM] The Bitcoin network hashrate has returned to 241.29 EH/s after a temporary 38% fall to 170.60 EH/s from a weekly peak of 276.40 EH/s.