Debt

Singapore, Asia, September 19th, 2024, Chainwire Harvard Students and Alumni Launch Groundbreaking Native Bitcoin Blockchain Project at Harvard Innovation Labs to Tackle Global Debt Crisis   Launch of "New Bretton Woods Project" (NBW): A Harvard-led initiative, soon to be incubated at Harvard Innovation Labs, tackling the global debt crisis through decentralized finance (DeFi) solutions.  Native Bitcoin Stablecoin: NBW is developing a Bitcoin-backed stablecoin via BeL2 infrastructure, offering stability while preserving Bitcoin’s decentralization and security.  Economic Disruption and Resilience: The project aims to reshape…

The post Robert Kiyosaki’s Take on Bitcoin: A Game Changer for America’s $35 Trillion Debt? appeared first on Coinpedia Fintech News As the United States 2024 general election approaches, the crypto issue is becoming more relevant despite not emerging in the recent debate between Donald Trump and Kamala Harris. Furthermore, institutional investors—led by spot BTC ETFs and publicly traded companies such as MicroStrategy—are using Bitcoin strategy in their respective balance sheets to solve their debt issues. State of the US…

The post US Debt Hits $35.3 Trillion: Bitcoin’s Surge Makes Debt Look Smaller! appeared first on Coinpedia Fintech News The US national debt has skyrocketed to $35.3 trillion as of September 10, 2024, marking a $1.36 trillion increase this year. Surprisingly, when compared to Bitcoin, this huge debt appears smaller. According to Sani from Timechain Index, the debt now equals 644 million BTC, down from 761 million BTC at the start of the year. Despite the rising dollar debt, Bitcoin’s…

The post ETH Whale Sells Big, Loses $17M To Repay Aave Debt! appeared first on Coinpedia Fintech News Following the crypto market crash on September 7th, a major whale made a tough decision to sell 28,554 ETH, worth $64.4M, to clear out outstanding debts. By clearing the debts on Aave, the whale incurred a loss of over $17 million. From December last year, the whale was actively buying Ethereum, accumulating 30.5K ETH at an average price of $2,850. The sell-off…

As Bitcoin gains traction within the Republican Party, notably championed by former President Donald Trump, lawmakers are increasingly positioning the cryptocurrency as a cornerstone for US economic growth.  US Senator Cynthia Lummis is at the forefront of this movement, advocating for the Bitcoin Act, which aims to establish a strategic Bitcoin reserve for the United States. A Bold Solution For Fiscal Crisis In a recent interview with Bankless, Lummis articulated her vision for the Bitcoin Act, highlighting its potential to…

The post The U.S. Debt Crisis and Bitcoin Reserves: Comments and Outlook from Bitharvest CEO Logan appeared first on Coinpedia Fintech News As we progress through 2024, the U.S. debt issue has become increasingly severe. Recent data shows that the total U.S. debt has reached a historical high, with many economists predicting that the country may face the risk of bankruptcy in the coming years. Against this backdrop, Bitcoin reserves are seen as a potential lifeline that could help the…

The post Robert Kiyosaki Stark Warning: U.S. Debt Crisis Highlights Need for Gold, Silver, and Bitcoin appeared first on Coinpedia Fintech News Robert Kiyosaki, the best-selling author of “Rich Dad Poor Dad,” raised a stark warning about the U.S. debt crisis, urging individuals to consider investing in gold, silver, and Bitcoin as a hedge against the looming economic uncertainty. U.S. Debt Growing Immensely  In a recent tweet, Robert Kiyosaki highlighted the enormous scale of U.S. debt, comparing a trillion dollars…

The post Trump’s $35 Trillion Debt Plan: Analysing The Impact on Cryptos appeared first on Coinpedia Fintech News Donald Trump recently suggested that the United States could use Bitcoin to pay off the country’s national debt. The idea triggered serious debates, especially inside the crypto community. Could Bitcoin really help tackle the national debt? More importantly, what would this mean for the crypto industry, how might BTC’s price react? Let’s dive into these questions deeper! US Debt Crisis: An Overview …

Donald Trump considers Bitcoin as a potential solution to the staggering $35 trillion national debt. Meanwhile, savvy investors are exploring alternative cryptocurrencies to boost their portfolios. This article reveals three promising altcoins poised for significant growth, offering a chance to earn substantial profits and tackle personal debts. Discover which tokens might lead the next market surge. Uniswap (UNI)  Uniswap (UNI) is currently trading between $6.99 and $8.11, with potential for growth despite a challenging month marked by a nearly 15%…