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The 2-year and 10-year Treasury yields dropped Tuesday as investors await the legislative voting outcome on the debt ceiling bill. US Treasury yields slumped today ahead of a Congress on the federal government’s proposed debt ceiling bill. Treasury yields tumbled Tuesday as markets reopened, with investors bracing themselves for a lawmaker
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied A tentative deal aimed at averting a US government default on its debts has relieved cryptocurrency miners, particularly bitcoin (BTC) ones. Ohio Representative Warren Davidson has revealed that the proposed agreement includes removing a controversial tax on
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The recent US debt ceiling deal has struck out the previous crypto tax bill proposed by the Biden administration. Congressman Warren Davidson has confirmed that the recent US debt ceiling deal blocks a potentially pivotal crypto tax bill proposed by the Biden administration. Davidson’s confirmation came as a response to a tweet by Bitcoin advocate and Riot
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European stock markets were higher in pre-trade amid impending Congress vote on the proposed US debt ceiling bill. European markets opened higher on Monday following the US debt ceiling deal between President Joe Biden and House Speaker Kevin McCarthy. Over the weekend, the two high-ranking politicians finally agreed to raise the US debt
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Despite China’s uneven economic recovery, Deutsche Bank “remains optimistic” about China for the medium to long term. Over the last weekend, US President Joe Biden and congressional leaders struck a deal to raise the US debt ceiling. This will allow the government to borrow more and spend on infrastructure and other
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BTC, ETH, and many other leading altcoins are all showing positive signs in the past few hours. Following a recent stint of decline in value, Bitcoin (BTC) price may finally be showing some signs of recovery. This follows after its price surged by over 2.5% in the past day, per CoinMarketCap
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Former Bitmex CEO Arthur Hayes is expecting to see significant Bitcoin volatility in the latter half of the year, caused by a “powder keg” explosion from the United States banking crisis and soaring national debt. Hayes, who currently runs a crypto-focused investment fund Maelstrom, spoke on the What Bitcoin Did podcast on
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ALSO: A Chinese governmental agency released a paper over the weekend that outlined suggestions for China's Web3 policy, but it didn't broach must new ground. Still, the paper represented progress for a country that is keen to write the next generation of technology standards. Source
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Amid growing concerns of a potential default by early June, the United States president Joe Biden and Republican Kevin McCarthy have reportedly reached an "agreement in principle" to raise the federal government's $31.4 trillion debt ceiling.According to a May 28 report from Reuters, citing two sources familiar with the negiotations, the "tentative"
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The ongoing negotiations surrounding the US debt ceiling have been a key focal point for investors as the June 1 deadline approaches. The United States Treasury bond market experienced a decline in yields on Friday as investors eagerly await the release of key inflation data and updates on debt ceiling negotiations. According
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