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Bitget Crypto Exchange Announces Debt-Free Status and $1.44 Billion Reserves in July Report
14.7.2023
The crypto exchange Bitget has announced that its reserves have reached a massive $1.44 billion, and that it is officially debt-free.
According to the Bitget’s announcement, the exchange’s overall reserve ratio now stands at 223%, more than twice the standard 100% (or 1-to-1) backing that...
Bitget reserves top $1.44B, claims to be debt free
13.7.2023
The cryptocurrency exchange claims its total proof-of-reserves ratio has reached 223% in its latest July report
Economist Jim Rickards: ‘Biden Is Now a World Historic Figure — He Has Destroyed the Dollar’
11.7.2023
Jim Rickards, economist and best-selling author, has accused the Biden administration of destroying the U.S. dollar as a reserve currency. Rickards stated that Biden is to blame for the upcoming marginalization of the U.S. dollar at the hands of a BRICS bloc common currency to be proposed on August...
Renowned Investor Jim Rogers Warns ‘US Is Going to Suffer’ as Dollar’s Value Erodes Further
9.7.2023
Veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, has warned that “the worst is yet to come” for the U.S. economy. “The U.S. is going to suffer” as the value of the dollar erodes further, he predicted, emphasizing that inflation...
Putin Warns of Increased Financial Crisis Risk — Says Russia Is Being Subjected to Hybrid War
7.7.2023
Russia’s President Vladimir Putin has warned of increased “risks of a new global economic and financial crisis against the backdrop of an uncontrolled debt accumulation by developed countries.” He added that Russia is “being subjected to a hybrid war, with illegitimate anti-Russian sanctions that...
FraXion Launches First Security Token Offering in the USA
6.7.2023
PRESS RELEASE. Randolph & Main Capital Group (RMCG) has announced the launch of FraXion (FRXN). It is one of the first debt Security Tokens aimed at retail investors who wish to invest alongside institutional investors in the most sought-after real estate developments in the United States....
‘Bidenomics’ Agenda Struggles to Gain Support as Joe Biden’s Approval Ratings Plummet
4.7.2023
Over the past week, U.S. president Joe Biden has been engaged in discussions regarding his economic agenda, commonly referred to as “Bidenomics,” with the aim of establishing a strong groundwork for his 2024 reelection campaign. Emphasizing the potential to revive the cherished...
Gemini's Cameron Winklevoss Tweets $1.5B 'Final Offer' in Debt Talks Over Crypto Firm Genesis
4.7.2023
Creditors of the crypto financial firm Genesis call for $1.5 billion of forbearance payments and loans denominated in dollars, bitcoin and ether, according to a term sheet posted on Twitter by the Gemini co-founder
Latam Insights — Argentina Settles IMF Payment in Yuan; Brazilian CBDC to Be Launched in 2024
3.7.2023
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue, Argentina settles part of its $44 billion debt with the International Monetary Fund (IMF) using the Chinese yuan, Central Bank of Brazil officials estimate...
China-Africa Economic and Trade Expo Aims to Defy Western ‘Debt Trap’ Accusations, Generating $19 Billion in Trade Deals
2.7.2023
According to a report from the third annual China-Africa Economic and Trade Expo, Africa and China are continuing to strengthen their long-term trade ties. China wants to be one of Africa’s largest trading partners, and reports revealed on Friday that this year’s expo is expected...
Record High Credit Card Debt: 55% of Americans Concerned About Repayment as Inflation Pushes Consumers to Credit Reliance
24.6.2023
According to a Newsweek poll conducted by Redfield & Wilton Strategies, 55% of Americans are “very” or “fairly” concerned about paying off credit debt this year. The total credit card balance of Americans is at its highest point since the U.S. Federal Reserve began...
Circle Restarts U.S. Treasury Purchases in BlackRock-Managed USDC Reserve Fund
21.6.2023
Repurchase agreements will keep being part of the reserve fund, Circle’s chief financial officer said Wednesday during a company call
Bitcoin ‘Permabull’ Max Keiser: ‘El Salvador Will Be Debt Free by 2030 With Bitcoin’
20.6.2023
Max Keiser, international journalist and chairman of mining company Volcano Energy, has pondered on the importance bitcoin adoption will have for El Salvador in the future. According to Keiser, thanks to bitcoin, El Salvador will be debt free by 2030, as the bitcoin price comes close to one million...
VC Chamath Palihapitiya Warns of Chaos in the Equity Market Due to Debt Issues
20.6.2023
Chamath Palihapitiya, CEO of VC company Social Capital, has warned about a looming crisis in equity markets due to the issuance of low-interest debt. According to Palihapitiya, this might be the “biggest business secret hiding in plain sight right now,” as many companies won’t...
US Treasury Secretary: No Alternative Reserve Currency Can ‘Replicate’ Role Played by the Dollar
16.6.2023
United States Treasury Secretary Janet Yellen recently told members of the U.S. Congress that while some countries are seeking to create alternatives to the greenback, no country, including China, can create a currency which replicates the dollar’s role in the global financial system....
Crypto industry 'destined' to be BTC-focused due to regulators: Michael Saylor
14.6.2023
The MicroStrategy co-founder believes crypto-related regulatory enforcement action will play in Bitcoin's favor
The first-world debt crisis means you can expect more pain ahead
12.6.2023
You should be prepared for gradual deterioration in your quality of life — or search for alternative assets that could protect your wealth
De-dollarization: Is it really happening?
9.6.2023
In our latest Cointelegraph Report, we analyze the causes leading to the decline of the U.S. dollar as the world reserve currency and its potential implications
How to use credit cards wisely to avoid debt
9.6.2023
Discover effective strategies and best practices to use credit cards wisely and avoid debt
Ron Paul Warns Fiscal Responsibility Act Will Erode US Dollar Value, Hasten Loss of Reserve Currency Status
8.6.2023
Former U.S. Representative Ron Paul has warned that the Fiscal Responsibility Act, recently signed into law by President Joe Biden, will escalate government spending, debt, and deficits. It will also erode the value of the U.S. dollar, “making it more likely that the U.S. dollar will lose...