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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 BitcoinCancelsceilingDealDebtMiningTax Read More
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 ceilingDealDebtEuropeanHigherMarketsOpen Read More
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 BidenceilingDealDebtGainsJapaneseMarketPresidentRaiseStrikes Read More
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 28KAsiaBitcoinceilingDealDebtMoverRises Read More
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" BidenceilingDealDebtReportStrikesTentativeU.S Read More
Under the Celsius deal, USBTC will enter into one or more operating and services agreements to be the "exclusive operator" of the Celsius mining fleet, the miner said. On top of that, USBTC will receive a $15 million annual management fee for the mining assets, net of operating expenses, the AimsAssetsBitcoinBTCBuyCelsiusDealGiantMiningUSBTC Read More
A final compromise appears to allow registered crypto firms to advertise through social media influencers, potentially easing industry fears.
Source CryptoDealFrenchInfluencerLawLawmakerssofterStrike Read More
A potential swap deal for Vinnik is increasingly looking to have a high probability.
Alexander Vinnik, the Russian co-founder of the crypto exchange BTC-e, may have just had his hopes of regaining freedom renewed. Vinnik is currently facing money laundering charges in the US and has since last September been AlexanderBTCeDealFounderFreedomGainIndictedprisonerSeeksSwapVinnik Read More
United States President Joe Biden expressed opposition to a debt ceiling agreement with Republican leaders that would allegedly benefit crypto traders. Attending the Group of Seven (G7) Summit, Biden reportedly classified Republicans' proposed terms as "unacceptable" during a press conference.“I’m not going to agree to a deal that protects wealth AcceptBidenCryptoDealDebtProtectingTradersWont Read More
Bitcoin (BTC) stares at potential losses heading into the third-quarter of 2023 after U.S. lawmakers will likely reach an agreement on raising the debt ceiling.A $1 trillion liquidity hole aheadRaising the debt ceiling means the U.S. Treasury could issue new bonds to raise cash to meet its previous obligations.As a AnalystBitcoinCrunchDealDebtLiquidityPriceRiskTriggerWarns Read More