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3rd Incident Hits bZx - Debt Up by USD 8m, Team Still Praises the Protocol
14.9.2020
DeFi lending protocol bZx (BZRX) confirmed that "due to a token duplication incident" its insurance fund "has transiently" accrued debt of around USD 8m.
At pixel time (08:05 UTC), BZRX, ranked 138th by market capitalization, trades at USD 0.439 and is down by 32% in a day...
Jim Rogers Predicts End of Dollar Dominance as US-China Tensions Escalate
8.9.2020
Renowned investor Jim Rogers believes that the U.S. dollar dominance is coming to an end as the tensions between the U.S. and China mount. The growing national debt, the protests, the political uncertainty surrounding the presidential election, and countries seeking a USD alternative in fear...
As Gold Prices Soar, Two Gold-Backed Tokens See Increased Demand Fetching Premiums
28.8.2020
The last few months have bolstered the price of the precious metal gold as governments worldwide have created tremendous amounts of debt and inflation. For instance, the value of gold per ounce jumped over $2k during the first week of August. Meanwhile, similarly to the physical counterparts,...
US in 'Terminal Debt Spiral', Might Help Crypto & Digital USD Adoption
27.8.2020
With governments across the world pumping public spending to mitigate the economic impact of the COVID-19 pandemic, 2020 could be a record-breaking year for debt. While this year’s spending extravaganza could tank the value of currencies worldwide and spur a hike in inflation, as stated a recent...
How Much Should We Fear Post-Crisis Debt or Inflation? Feat. Adam Tooze
24.8.2020
An economic historian and one of Foreign Policy’s “Top Global Thinkers of the Decade” discusses post-COVID-19 global economics and politics
Market Wrap: Bitcoin Tests $12K; DeFi Debt Outstanding Hits Record
10.8.2020
Bitcoin’s back on the price roller coaster and DeFi borrowing is hitting a new high
Man Accused of Arranging Murder to Avoid Crypto Debt Can’t Escape Jail, Brazilian Court Rules
5.8.2020
Crypto businessman Danilo Afonso Pechin remains jailed after Brazil's High Court refused to hear his request for habeas corpus
Why Debt Financing May Be a Double-Edged Sword for Bitfarms
27.7.2020
BitFarms used high-interest-rate debt with large balloon payments to grow expand operations. Now it may struggle to pay off its debt, according to CoinDesk Research
IRS Tells Couple With $7 Million in Bitcoin to Liquidate Crypto Assets and Pay off Tax Debt
17.6.2020
The Internal Revenue Service (IRS) has won a case in which it demanded that a Maryland couple liquidate their bitcoin to pay-off a $1.1 million tax debt. Alexander and Laura Strashny proposed to the IRS to pay their 2017 tax liability, generated from non-crypto activities, in installments over...
Fed Chair Powell Warns of ‘Unsustainable’ Budget as US National Debt Crosses $26 Trillion
17.6.2020
In his testimony before the Senate banking committee, Federal Reserve Chairman Jerome Powell warned Congress that the U.S. federal budget has been on an unsustainable path for years. He added that the U.S. economy is facing a deep downturn with “significant uncertainty.”...
Thailand to Raise $6.4M With Sale of Blockchain-Based Bonds
17.6.2020
The Thai Public Debt Management Office plans to sell the cheaply priced bonds through a state-owned bank’s blockchain e-wallet
US Debt Hits $26T or 2.6B Bitcoin as OECD Demands COVID-19 Spending
11.6.2020
The U.S.’ latest national debt landmark comes as Bitcoin circles $10,000 and puts the cryptocurrency’s digital scarcity back in the spotlight
Not With Bitcoin: Rumor ECB Eyeing $500B Debt Quarantine in ‘Bad Bank’
10.6.2020
Coronavirus will inflate the EU bad debt mountain, and banks should be shielded, while an official speaks highly of so-called “bad banks.”
Bitcoin Is a Big Opportunity for Investors in the Debt-Fueled Roaring Twenties
1.6.2020
With interest rates for government debt near zero, or negative, the fixed income asset class has disappeared. The investment case for Bitcoin just gets stronger
Generations of Debt: US Taxpayers Held Liable for Federal Reserve’s $6.9 Trillion Balance
20.5.2020
The central banking system in the U.S. and the country’s megabanks have manipulated the economy for quite some time and these days, the coronavirus has been a great excuse to create trillions for stimulus. A recent report from the analysts at Wall Street on Parade indicates that American...
Spike in User Activity Drives Bullish Divergence for Maker
20.5.2020
Santiment has spotted bullish divergence between the price action and daily average users for MakerDAO’s token
Why Debt Can’t Buy More Growth, Feat. Jeff Booth
13.5.2020
A conversation with the “Price of Tomorrow” author on the key structural challenge looming over the global economy
Accepting Payments (including Recurring Payments) on WordPress.com
12.5.2020
I’m a fan of building websites with the least amount of technical debt and things you have to be responsible for as possible for what you wanna do. Sometimes you take on this debt on purpose because you have to, but when you don’t, please don’t ;).
Let’s say you need...
US Debt Hits $25T — Stimulus Checks That Bought Bitcoin Now Worth $1.6K
7.5.2020
The Federal Reserve’s Zimbabwe-esque policy sees the country’s debt mountain reach unimaginable heights, adding $1 trillion under one month
US Treasury to ‘Borrow’ $3 Trillion for a Single Quarter – Anticipates Taking Billions More for Q3
5.5.2020
On Monday, the United States Department of the Treasury announced it will be “borrowing” a record $3 trillion to help support the American economy. The move comes after the Federal Reserve dished out over $6 trillion to private dealers before the first U.S. Covid-19 death, and the $1.5...