Debt limit negotiations, which were fruitless on Monday, will be resumed on Tuesday between President Joe Biden and leading Republican Kevin McCarthy. The Treasury Department is taking measures to avert an unprecedented default, such as probing government agencies about the flexibility of impending payments, as the likelihood of the United
The People’s Power Party (PPP), the governing party in South Korea, has proposed a new bill urging lawmakers and other high-level government officials to implement crypto legislation and regulations as soon as possible. This request was made on Tuesday, May 23. PP House Leader Yun Jae-ok addressed the press with
According to those in the know, Hong Kong will soon let individual investors trade Bitcoin (BTC), Ethereum (ETH), and other top cryptocurrencies after successfully luring crypto luminaries to set up organizations and exchanges there. Hong Kong is taking advantage of the current climate by expanding its position as a worldwide
According to reports, investors have withdrawn a total of $32 million from cryptocurrency investment products, marking the fifth consecutive week of outflows. The withdrawals have reportedly amassed a significant figure of $232 million. This represents 0.7% of the total assets being managed at present. 5th Consecutive week of crypto outflows
The crypto market has experienced a downtrend in recent times. The trading volume of the largest assets by market capitalization is plummeting to too low levels and has shown historically low levels of weekly trading volume. 📉 The largest assets in #crypto are seeing historically low levels of weekly trading
On May 22nd, crypto investors celebrated Pizza Bitcoin (BTC) Day by taking bold steps and investing in the leading cryptocurrency. Among these enthusiasts, Daniel Nita from Romania made history in cryptocurrency. On Twitter, Daniel Nita proudly announced that he purchased 10,000 pizzas for just 1 BTC using Binance Pay. Breaking!
The world’s first-ever Bitcoin Tower is about to be launched on May 24 at the COP28 (28th Conference of Parties) meeting as the most innovative project, in Dubai, UAE. This project has been under the developer, Salvatore Leggiero who initiated the creation of a new hotel chain. Elaborating Hotel Chain
May 22nd marks an event that encapsulates both the exuberance and regrettable hindsight of the cryptocurrency revolution—Bitcoin Pizza Day, now in its 13th year. Astonishingly, what started as a seemingly innocuous transaction in 2010, when a Florida-based programmer exchanged 10,000 bitcoins for two pizzas, has since become a cautionary tale
On Monday, MicroStrategy Inc (NASDAQ: MSTR) wrote to the Financial Accounting Standards Board (FASB) in response to the FASB’s proposed accounting rules for crypto assets. In response, MSTR backed the regulators’ push for fair value accounting for Bitcoin and other cryptocurrencies. MicroStrategy claims to have more Bitcoin than any other
Despite the disastrous debt limit issue, US Federal Reserve officials are considering more rate rises, including the presidents of the Federal Reserve Banks of Minneapolis and St. Louis. The debt limit agreement will affect the price of Bitcoin because the US Treasury will issue government bonds to replenish funds depleted
