The U.S. national debt has exceeded $ 35 trillion, highlighting the country’s severe fiscal challenges as debates over taxes and spending continue. The Congressional Budget Office forecasts the debt could surpass $ 56 trillion by 2034, driven by rising expenditures and interest costs outpacing tax revenues. High interest rates, unexpected pandemic-related program costs, …
According to recent statistics on Saturday, July 6, 2024, bitcoin’s market capitalization is nearing the $ 1 trillion mark. If bitcoin’s value drops by $ 110 billion, it will hit a low not seen since late February 2024. Bitcoin Market Cap Teeters on $ 1 Trillion Mark Bitcoin (BTC) has experienced a …
The U.S. Securities and Exchange Commission (SEC), the Federal Reserve Board (FRB), and the California Department of Financial Protection and Innovation (DFPI) have taken action against Silvergate Capital Corp., the holding company for Silvergate Bank, and its former executives for misleading investors and failing to monitor significant transactions. Silvergate has agreed to pay penalties without […]
According to statistics from Token Terminal, monthly stablecoin transfer volumes have multiplied ten times over the past four years, increasing from $ 100 billion to $ 1 trillion per month. Data Highlights Explosive Growth in Monthly Stablecoin Transfers In recent years, stablecoin assets have gained significant importance. On June 20, 2024, the market …
Bitwise’s Senior Crypto Research Analyst, Juan Leon, predicts a transformative impact on the global economy as artificial intelligence (AI) and cryptocurrency converge, potentially adding $ 20 trillion to the global Gross Domestic Product (GDP) by 2030. AI and Crypto — The Trillion-Dollar Synergy Leon’s bold forecast was emphasized at the recent Consensus conference in …