The US added a staggering $275 billion to its national debt in a single day, surpassing half of Bitcoin’s market capitalization. Key Takeaways National Debt In an alarming turn of economic events, the US has witnessed its national debt surge by a staggering $275 billion in a mere 24 hours, pushing the total to a record-high of $33.44 trillion. This …
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The US government transfers over $300 million worth of Bitcoin linked to Silk Road, raising concerns about potential market impact and sell-offs. Key Points In a recent development, the United States government has made another significant movement with regards to Bitcoin associated with Silk Road, a notorious darknet marketplace. The US Justice Department transferred over $300 million worth of Bitcoin …
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Key Point Amidst a sea of financial turmoil, Bittrex, a prominent US-based crypto exchange, had found itself in dire straits. The company had filed for bankruptcy in May 2023, owing to a severe lack of liquidity and mounting financial difficulties. This had left many customers in a state of limbo, unable to access their funds from the exchange. However, there …
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Ripple’s legal battle with the Securities and Exchange Commission (SEC) regarding the cryptocurrency XRP has received a major boost, thanks to the US Supreme Court’s decision to support Ripple’s argument. This decision could have far-reaching implications for Ripple and the broader cryptocurrency industry, as the court recognized the need for legal principles to adapt to the changing times. Ripple Gets …
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The recent endorsement of Bitcoin by US Senator Ted Cruz has sparked renewed interest in the cryptocurrency market. Senator Cruz, a prominent conservative figure, took to Twitter to express his support for Bitcoin, citing its ability to serve as a hedge against inflation and a way to protect individual freedoms. This endorsement is seen as a significant development for the …
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