debt

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US debt ceiling deal cancels 30% bitcoin mining tax

0xMain
May 30, 2023

Bitcoin, cancels, ceiling, deal, debt, Hacking, mining, tax

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 the energy consumption of crypto miners....

President Biden sets sights on crypto amidst US debt crisis

0xMain
May 23, 2023

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Unmasking the tensions between crypto traders, wealthy tax evaders, and a potential financial crisis, U.S. president Joe Biden took a firm stance against biased fiscal deals. In the contested U.S. budget negotiations, an unexpected asset has come under the spotlight: cryptocurrency. Following a...

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Circle rebalances treasury holdings amid US debt default concerns

0xMain
May 12, 2023

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Concerns about a possible U.S. government default have prompted Circle, a prominent stablecoin producer, to adjust its treasury holdings. The business has chosen to keep a reserve portfolio heavily weighted toward short-term U.S. treasuries. The move to short-dated debt occurs as debate rages on among...

US debt crisis may trigger 70% surge in bitcoin price says YouTuber

0xMain
May 2, 2023

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The U.S. Treasury Secretary, Janet Yellen, has recently warned of the catastrophic consequences the U.S. could face if the country hits the debt ceiling without lifting it. In his recent video CryptosRUs explains that failure to do so could lead to bankruptcy and...

Core Scientific strikes a deal with NYDIG to see off $38.6 million debt

0xMain
February 3, 2023

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Amid its current bankruptcy proceedings, crypto miner Core Scientific has agreed with NYDIG to pay down its $38.6 million debt by giving over about 27,403 computers that were used as security. The motion was filed to Southern District U.S. Bankruptcy Court for Texas on...