The Relationship Between US Government Debt and Bitcoin, Explained

Bitcoiners are looking for persistent USD inflation to validate their favorite asset.

Lyn Alden on Why the Dollar System No Longer Serves the US or the World

At the end of an 80-year global debt supercycle, who benefits from having the US dollar as the world’s reserve currency?

Cream Finance leaps into DeFi ‘corporate debt’ with Iron Bank launch

The Iron Bank feature will allow protocols to borrow funds without posting collateral. The Cream Finance project, a lending protocol that recently merged into the Yearn ecosystem, announced the upcoming launch of its Iron Bank feature, a name inspired by the once-popular TV show Game Of Thrones. Cream’s Iron Bank is an attempt to create a decentralized finance equivalent of corporate debt.

Sell Telegram to Pay off Failed ICO Debts, Demand Angry Investors

Disgruntled investors in the failed Telegram initial coin offering (ICO) say that Pavel Durov, the chat app operator’s founder, should sell his stake in the company to pay off his debt to those left out of pocket. The investors stumped up a combined total of around USD 1.7bn in the TON network and its gram token, which ultimately hit the rocks after a late regulatory

Bitcoin Price to Rally Higher as President Trump Signs $900 Billion Stimulus Bill

President Trump has signed the $900 billion pandemic relief bill, adding to the Fed's mounting debt catalyst for the Bitcoin (BTC) price to continue its sensational rally.

MicroStrategy buys the dip — Now has more BTC than US Govt

Michael Saylor announces another $650 million purchase of Bitcoin as price dips from weekend highs. Business intelligence company MicroStrategy has added to its Bitcoin (BTC) stash, with a purchase of 29,646 BTC for a total of $650 million, an average of around $21,925 per Bitcoin CEO Michael Saylor tweeted the news immediately following a pullback in price to $22,247, although it is unclear whether the acquisition coincided with this event. MicroStrategy announced its intention to buy more Bitcoin earlier this month with a $400 million debt security sale to raise funds for the purchase.

Dictators turn delegates: Former CEOs grapple with DAO governance

"A DAO is merely a formalizing of very deep and instinctive human bonds that I think have been suppressed." One morning in July of 2019, Kain Warwick awoke at 6:30 to a grim phone call from his co-founder and CTO, Justin Moses. We have a problem, said Moses. Synthetix, the synthetic asset protocol that Warwick, Moses, and their team had been building for over two years, had fallen victim to a crippling exploit: an attacker with the pseudonym Onyx had created $11 billion of synthetic asset debt over 275 times what Synthetix was worth and was taunting team members and sowing chaos in public channels. These days, time and success seem to have tempered what Warwick freely admits is a fiery disposition.

One exchange is trying to make debt tokenization a thing in crypto

Entities can receive US dollars or Bitcoin by issuing debt bonds via this platform.

DeFi tokens rally while Bitcoin bulls attempt to flip $19.5K to support

A handful of DeFi tokens are producing double-digit gains as Bitcoin price fights to turn $19,500 to a strong support level. The world’s negative-yielding debt has soared to over $18 trillion according to Bloomberg.

Crypto users split on taking out loans to buy Bitcoin dips

Some crypto investors are willing to risk extensive financial obligations for a chance to get into Bitcoin. Taking on debt is a complex personal decision that should not be entered into without great care and financial consideration.

After Microstrategy downgrade, analysts recommend smallcap crypto-centric bank

Motley Fool analysts think this smallcap bank stock might be the next to benefit from Bitcoin's surge Following a Citi report downgrading business intelligence firm Microstrategy’s stock to a “sell” rating, analysts for popular trading website the Motley Fool have recommended a lesser-known bank stock that also has an emphasis on cryptocurrencies.  Last Tuesday, Citi analyst Tyler Radke downgraded Microstrategy (NASDAQ:MSTR) shortly after the firm announced a debt purchase that would bring its Bitcoin holdings up to a nearly $1 billion mark.

How Much Debt Can a Country Handle?

As conventional wisdom grows that central banks can go more deeply into debt than previously thought, one economist asks, how much is too much?

MicroStrategy’s Bitcoin-Driven Offering Boosted to $650M After Notes Buyer Bought $100M More

MicroStrategy's debt raise resulted in an estimated $639 million for bitcoin purchases.

Israel’s Bank Hapoalim joins blockchain bank guarantee platform

Blockchain is changing how banks handle debt.

MicroStrategy, Raising Funds to Buy More Bitcoin, Boosts Notes Offering to $550M

MicroStrategy anticipates raising $537 million in net proceeds from a debt sale designed to fund bitcoin speculation.

MicroStrategy Selling $400M in Debt Securities to Buy Bitcoin

MicroStrategy already owns 40,824 Bitcoin, more than any other public company.

New US stimulus, Brexit and $20K: 5 things to watch in Bitcoin this week

A mountain of fresh US debt contrasts with a mountain of institutional cash potentially set to flow into Bitcoin thanks to major FOMO. Bitcoin (BTC) starts another week aiming for $19,500 and beyond as crunch time for Brexit meets mass US money printing. Cointelegraph takes a look at the price factors at stake for Bitcoin this week as shaky $19,000 support remains in play.

The Fiat Standard and Debt Slavery

In this exclusive extract, the author of "The Bitcoin Standard" introduces its sequel, "The Fiat Standard."

Lyn Alden on Money Printing, Bitcoin and the End of an 80-Year Debt Cycle

One of the sharpest analysts in macroeconomics looks at how monetary and fiscal policy are likely to change in the coming years.

Perfect Storm of Demographics and Debt Fueling Rise of Bitcoin, Says Morgan Creek Digital’s Mark Yusko

The CEO and CIO of investment management firm Morgan Creek Digital says a perfect storm to drive the price of Bitcoin higher is brewing.

Report: Pandemic Response Pushed Global Debt to $272 Trillion in Q3, $5T in Borrowing Expected in Q4

The Institute of International Finance (IIF) says global debt will soar to a record $277 trillion by the end of 2020 as governments and companies continue to spend in response to the COVID-19 pandemic.

Some loans on Maker are never liquidated, prompting debt auction overhaul

Small loans for $100 are uninteresting to liquidators, and they're cheap to stack up. The Maker (MKR) community is looking for solutions after an analysis by B.Protocol suggested that it is possible to exploit the liquidation system to create under-collateralized debt.  The researchers created small vaults for $128, just above Maker’s “dust” parameter that defines the minimum size for new vaults.

MakerDAO Loans Can Be Gamed to Hold Out Funds From Liquidation, Startup Finds

A loophole in MakerDAO’s collateralized debt market enables positions to be closed far more leniently than intended due to an oversight in the auction process.

$3 billion blockchain bond sale delayed 'until further notice'

It is not currently clear when or if China Construction bank's debt issuance sale will be rescheduled. The listing of China Construction Bank’s blockchain-based debt issuance bonds has been delayed “at the request of the issuer” until further notice, according to a Nov.

Record Levels of Negative-Yielding Debt Strengthen Case for Bitcoin: Analysts

With negative-yielding bonds at a new high, investors are looking elsewhere for returns.

Exclusive | FUSANG CEO: CCB’s $3 Billion in Blockchain-Based Debt Bonds is Rise of Crypto 2.0

According to FUSANG CEO Henry Chong, the CCB's historic blockchain-based bond listing, the first tranche of $3 billion in debt, marks a transition into what he calls “Crypto 2.0” (Read More)

China Construction Bank to sell bonds worth $3 Billion for Bitcoin

China Construction Bank Corporation which is one of the "big four" banks in the People's Republic of China is reportedly launching the sale of $3 billion worth of debt on a blockchain.

Major Chinese Bank to Sell $3 Billion of Debt Using Blockchain

China Construction Bank, one of the country's largest banking institutions, is reported to sell up to $3 billion worth of debt using blockchain-based technology.

Major Chinese Bank Adds Digital Bonds on Sale for Bitcoin

One of the largest banks in China has launched the "first publicly listed debt security on a blockchain,” which can be bought for crypto.

One of the world's top banks issues bonds that can be bought with Bitcoin

China Construction Bank has used blockchain technology to issue the first tranche of a planned $3 billion worth of debt. China Construction Bank has partnered with a Hong Kong-based fintech to issue the first-ever blockchain-based digital security issued by a Chinese financial institution. One of the "Big Four" banks in the People's Republic of China, CCB is ranked the second largest bank worldwide by total assets as of fall 2020. The megabank's plan with the new blockchain-based debt issuance is to raise up to $3 billion in total, starting with a tranche of $58 million, from individuals and institutions.

World’s Second Biggest Bank to Issue $3B in Bonds Tradable for Bitcoin

China Construction Bank will issue the debt securities over a blockchain, with trading to be available against bitcoin and US dollars via an exchange partner.

Russia's central bank says the pandemic has accelerated regulators' interest in CBDCs

The pandemic-induced crisis is galvanizing new trends across all aspects of the global economy, including digital currencies. The COVID-19 pandemic has served both as an x-ray onto existing vulnerabilities in the global financial system, and as an accelerator for destabilizing tendencies, including higher sovereign and consumer debt in emerging markets.

Fed calling for more stimulus is 'code for buy Bitcoin,' says Winklevoss

Jerome Powell says Congress should agree further fiscal stimulus as US public debt tops $27.2 trillion. The United States Federal Reserve is still unintentionally advertising Bitcoin, as Chair Jerome Powell argues for more money printing. In a tweet on Nov.

Notional Launches Out of Stealth to Bring Fixed-Rate Lending to DeFi

Notional enables fixed-rate debt on Ethereum using a new on-chain automated market maker.

Bitcoin (BTC) Will Surpass Half a Million Dollars Amid Debt Reckoning, Says Winklevoss Twins

Gemini crypto exchange co-founders and Bitcoin bulls Tyler and Cameron Winklevoss are providing further insight as to why Bitcoin will ascend above $500,000.

Governments Can't Cancel Pandemic Debt By Printing More Money

Ananish Chaudhuri is the Professor of Behavioural and Experimental Economics at the University of Auckland.

World’s Growing Stockpile of Negative-Yielding Debt a Positive for Bitcoin, Say Analysts

The search for profit is likely to intensify with amount of global debt offering negative yields more than doubling in the past seven months

Price analysis 10/12: BTC, ETH, XRP, BCH, BNB, LINK, DOT, ADA, LTC, CRO

Bitcoin’s strength above the $11,500 multi-year resistance is also pulling many altcoin prices higher. US equity markets are nearing all-time highs on the hopes that Democrats and Republican will break their current stalemate and strike a deal to release another round of stimulus for American citizens and the small businesses they operate. While these monetary and fiscal stimulus measures have been proven to boost stock market returns in the short-term, they also add to the massive debt burden facing the US Printing more money from thin air cannot be a permanent solution to every problem and at some point the chickens will come home to roost. Daily cryptocurrency market performance.

Donald Trump’s taxes worrying investors while crypto keeps calm

After last week’s market turmoil over the Trump transition, new revelations about the President’s debt are worrying Wall Street.

Earth needs Bitcoin as economy hits ‘debt saturation point’ — Keiser

Earth is reaching a historic “inflection point,” Keiser warns after Singapore’s central bank admits that more debt is not an option for anyone. The world now has so much debt that, for the first time ever, it is impossible to add more, says Max Keiser. On the latest edition of his Keiser Report TV show on Sep.

Debt without consent: The tragedy of monopolized fiat money

Why the government should make a monetary transition to Bitcoin, and the problems that cryptocurrency would help solve, such as preemptive war and national debt. As an anarcho-capitalist, I hold that property rights are sacred and that violence is acceptable only when our natural rights, as embedded and enshrined in the Constitution and Bill of Rights, are under a direct and imminent threat, and only in self-defense.

Price of Tomorrow Author Jeff Booth Calls Bitcoin A ‘Must’ And A ‘Lifeboat’

Price of tomorrow author pointed out central bank debt issues, while highlighting that Bitcoin is a "must" and could serve as a lifeboat.

'Price of Tomorrow' author says Bitcoin is a ‘lifeboat’ amid financial turmoil

Escalating debt and inflation could result in years of stormy weather for global economies Renowned entrepreneur and author, Jeff Booth, has endorsed Bitcoin as a ‘“must have” investment in times when central banks are exacerbating the escalating debt problem. The comments came in a tweet thread discussing the notion that central banks believe they can somehow escape a massive debt problem by exponentially adding more debt. 6) In my humble opinion - Bitcoin is a "must" Not just for your wealth but as a lifeboat.

Covid-19 vaccine will spark Bitcoin ‘crash’ — Rich Dad Poor Dad author

Robert Kiyosaki calls the United States “bankrupt” as national debt bears $27 trillion, listing Bitcoin among the three “best” long-term investments. Bitcoin (BTC) will “crash” when the world finds a coronavirus vaccine that works, popular author Robert Kiyosaki claims. In a tweet on Sep.

The Decade of the Living Dead: How Zombie Companies Are Robbing Tomorrow’s Economy

The percentage of companies that can’t afford to pay the interest on their debt has reached a new all-time high in the wake of central bank intervention.

3rd Incident Hits bZx - Debt Up by USD 8m, Team Still Praises the Protocol

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 and 15% in a week.

yearn.finance Creator Has New Idea, YFI Rallied On Coinbase Pro News

One of the currently most popular projects in the decentralized finance (DeFi) space, yearn.finance (YFI), revealed StableCredit, a new protocol for decentralized lending, stablecoins, and automated market makers (AMMs). "StableCredit is a protocol that combines tokenized debt stable coins, lending, AMMs, and single sided AMM exposure to create a completely

Yearn Finance shuns governance token with new stablecoin lending protocol

Yearn Finance is launching a MakerDAO like stablecoin lending protocol with no governance token. Popular decentralized finance (DeFi) platform Yearn Finance has announced a new lending protocol dubbed StableCredit. StableCredit combines tokenized debt stablecoins, lending, and single-sided automated market makers to offer what it describes as “a completely decentralized lending protocol” reminiscent of MakerDAO (MKR). Introducing StableCredit, a new protocol for decentralized lending, stablecoins, and AMMs.

Winklevoss Bros Make Case For USD 500k Bitcoin

Cameron and Tyler Winklevoss, co-founders of the US-based Gemini exchange and family office Winklevoss Capital, forecast the price of Bitcoin (BTC) could reach USD 500,000, as the the US debt-to-GDP ratio is set to expand more in 2020 than it did over the entire prior decade, triggering inflation, and causing investors to shift their assets into alternative investments

As Gold Prices Soar, Two Gold-Backed Tokens See Increased Demand Fetching Premiums

The last few months have bolstered the price of the precious metal gold as governments worldwide have created tremendous amounts of debt and inflation.

US in 'Terminal Debt Spiral', Might Help Crypto & Digital USD Adoption

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.

How Much Should We Fear Post-Crisis Debt or Inflation? Feat. Adam Tooze

An economic historian and one of Foreign Policy’s “Top Global Thinkers of the Decade” discusses post-COVID-19 global economics and politics.

Grayscale: Bitcoin Market ‘Looks Like 2016, Before Historic Bull Run’

Grayscale notes that long term holders are increasingly dominating the Bitcoin markets over short-term speculators, driving demand relative to supply. A new report by crypto fund manager Grayscale Investments argues that the current Bitcoin (BTC) market structure “parallels that of early 2016 before it began its historic bull run.” Grayscale predicts that demand for Bitcoin will significantly grow as inflation accelerates, highlighting the need for a scarce monetary commodity, bolstering the use-case of the cryptocurrency. The report identifies several on-chain indicators showing growing interest in crypto, noting an increase in long-term holding over short-term speculation, amid historic lows for the number of Bitcoin held on exchanges. Grayscale also notes that daily active addresses are at their highest level since 2017’s all-time highs. The report asserts that loosening monetary policy from the United States’ abandonment of the gold standard onwards have created cycles of debt-fuelled asset bubbles followed by aggressive quantitative easing. Grayscale notes the increasing dependence of the US economy on quantitative easing (money printing) to stay afloat and that history shows it’s an addiction difficult to quit.The S&P dropped 20% over three months in response to the Federal Reserve floating plans to reverse its monetary expansion in 2018. Despite the US dollar remaining “structurally strong relative to other currencies” the report asserts that investors who are wary of inflation amid the “unprecedented monetary and fiscal stimulus” are searching for ways to protect against the ever-expanding money supply — bolstering the case for Bitcoin as a store of value. Grayscale cites the scoring system used by hedge fund manager Paul Tudor Jones to assess Bitcoin’s attributes against cash, gold, and financial assets and determine the market’s growth potential. Quoting Jones, the report noted: “What was surprising to me was [...] that Bitcoin scored as high as it did. Bit

Veteran investor Jim Rogers warns of worst market meltdown ever

Jim Rogers, chairman of Rogers Holdings, reckons unprecedented amounts of debt will bring on the mother of all economic downturns. 

Market Wrap: Bitcoin Tests $12K; DeFi Debt Outstanding Hits Record

Bitcoin’s back on the price roller coaster and DeFi borrowing is hitting a new high.

11 Numbers That Tell the Story of the Economy Right Now

From the price of coffee to the national debt as a percentage of GDP, these 11 numbers provide a picture of a fast changing global economy.

Man Accused of Arranging Murder to Avoid Crypto Debt Can’t Escape Jail, Brazilian Court Rules

Crypto businessman Danilo Afonso Pechin remains jailed after Brazil's High Court refused to hear his request for habeas corpus.

Dai Supply Hits New Highs as Efforts to Restore Peg See Limited Success

The total supply for DAI tripled since June as the community keeps raising the supply limits to bring the peg down to $1. The MakerDAO community approved and executed a vote on Thursday to almost double the total debt ceiling, which indicates how much Dai (DAI) can be minted by its users. An announcement by the Maker Foundation posted on July 29 details the specific proposal to raise the debt ceilings for Ether (ETH), USD Coin (USDC), Wrapped Bitcoin (WBTC) and others. The vote passed at 8 a.m.

ZEBITEX is Launching its First IOU for the AVAX Token!

The text below is an advertorial article that was not written by Cryptonews.com journalists. What is an "IOU"? In English, "I Owe You" allows you to buy and exchange a token before it becomes available on the market and before it is distributed to its first investors. It is simply an acknowledgement of debt: it allows you an access to the future tokens, according to the

Goldman Sachs Warns Inflation Threatens US Dollar’s Role as Global Reserve Currency

Goldman Sachs strategists say risks to the US dollar’s reserve status include increasing pandemic and political uncertainty and rising debt.

Mainframe's Latest Blockchain Protocol Acquisition to Enable DeFi Bond System

Mainframe plans to integrate Sablier’s money streaming technology into a fixed-rate lending protocol and create tokenized debt markets akin to digital bonds. Blockchain firm Mainframe has acquired Sablier, an Ethereum-based protocol for real-time finance. Mainframe plans to integrate Sablier’s money streaming technology into a fixed-rate lending protocol and create tokenized debt markets akin to digital bonds. Crypto loans with lower collateralization Per the announcement, “cryptocurrency loans can create a healthy cycle of speculation, spending and monetary circulation.” Still, borrowers reportedly have low exposure in the current overcollateralized systems: “Crypto-backed loans often require collateralization rations of 150% or higher, and borrowers don’t fully actualize their spending power.

Why Debt Financing May Be a Double-Edged Sword for Bitfarms

BitFarms used high-interest-rate debt with large balloon payments to expand operations.

Australian Reserve Bank Blasts Money Printing: 'There's No Free Lunch'

Australian Reserve Bank governor Philip Lowe says that somebody always pays for money printing. Australian Reserve Bank governor Philip Lowe has taken a swipe at the concept of money printing, as further fiscal stimulus measures are rolled out in the country amid the ongoing pandemic. In a speech in Sydney on Tuesday, the central bank boss said the government could borrow “on very favorable terms” and said public debt was currently much lower than in many other countries.

Fiat Failures, Inflation to Fuel 'Fear-Driven' Bitcoin Rally - Crypto Insiders

Fiat failures and widespread inflation stemming from skyrocketing public debt could pave the way for bitcoin (BTC) to enter the mainstream in the next one to two years, say prominent crypto industry players. Speaking in a recent panel at Real Vision’s The Crypto Gathering event, Nic Carter, a partner at Castle Island Ventures and the co-founder of crypto market

Bitcoin trader bankrupt after fleeing investors’ $13m bill

The South African crypto trader went into hiding after investors hired a group of private debt collectors to recover their missing $13.3 million.

Bank runs in China spur checks on big cash transactions

Checks are being rolled out as smaller lenders struggle under a mountain of bad debt.

UAE Resident Who Took Out $100K Crypto Loan Saved by Ex-Coworkers

A foreign resident of Abu Dhabi who was potentially facing jail time over an unpaid $100,000 loan received $27,400 in donations after his story spread. A former Etihad Airlines flight attendant who took out a $100,000 loan to invest in cryptocurrency may not be facing jail time after he received 25% of the total debt in donations from former coworkers. Reddit user Crypthomie, identified only as a 34-year-old man who is not an United Arab Emirates (UAE) citizen, posted to the Cryptocurrency subreddit on June 19, stating that his ex-coworkers had raised $27,400 towards his massive debt.  “Hundreds of websites [wrote] articles on my situation,” Crypthomie said, specifically crediting Cointelegraph for spreading his story.

IRS Tells Couple With $7 Million in Bitcoin to Liquidate Crypto Assets and Pay off Tax Debt

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.

Fed Chair Powell Warns of ‘Unsustainable’ Budget as US National Debt Crosses $26 Trillion

In his testimony before the Senate banking committee, Federal Reserve Chairman Jerome Powell warned Congress that the US federal budget has been on an unsustainable path for years.

Thailand to Raise $6.4M With Sale of Blockchain-Based Bonds

The Thai Public Debt Management Office plans to sell the cheaply priced bonds through a state-owned bank’s blockchain e-wallet.