The figure also represents “the fastest accumulation of a trillion dollars in debt outside of the COVID-19 pandemic,” according to the Associated Press. U.S. Debt Tops $38 Trillion, Bitcoin Tops $110,000 The U.S. national debt broke $38 trillion on Wednesday after what the Associated Press reported as “the fastest accumulation of a trillion dollars in
AMINA Bank, a FINMA-regulated crypto bank based in Switzerland, has partnered with Tokeny, a blockchain platform owned by Apex Group, to create a regulated infrastructure for institutional tokenization, the companies said on Thursday. The deal is designed to provide financial institutions with “a regulated banking bridge” to issue and manage tokenized assets, such as government
Bitcoin’s price clocked in at a fiery $109,003 today, staking out a dominant market cap of $2.17 trillion. With a 24-hour trading volume punching in at $73.11 billion and intraday swings between $106,786 and $110,162, it’s clear the world’s most notorious digital asset isn’t interested in a nap. Bitcoin Chart Outlook If bitcoin had a
The Trump administration is preparing to launch a new trade investigation into China’s failure to comply with the terms of a 2020 trade agreement. According to sources familiar with the matter, this step could increase tensions between the US and China and pave the way for new customs duties. As relations between the world’s two
FalconX’s acquisition of 21Shares on Oct. 22 will add prime brokerage to the crypto investment management firm that oversees more than $11 billion across dozens of exchange-traded products (ETP). The deal, which has an undisclosed sum, merges prime brokerage infrastructure with one of the largest crypto ETP issuers, creating a vertical integration that could reshape
ReachMe, the paid messaging platform running on BNB Chain, has announced that it has completely ceased operations. All of the platform’s services have been permanently shut down. ReachMe has garnered significant attention for its use by Binance founder Changpeng Zhao (CZ). CZ previously charged ReachMe a fee of 1 BNB per message. This fee was
Binance founder and former CEO Changpeng Zhao (CZ) has sparked controversy in the crypto community with his statement about renowned gold investor Peter Schiff’s new tokenized gold product. CZ Criticizes Peter Schiff’s Tokenized Gold Project: “Trust-me-bro Token” Schiff’s new digital asset allows investors to trade gold-backed tokens on the blockchain. However, CZ emphasized that this
Alt5 Sigma (ALTS), a developer of digital-asset trading platforms that is building a treasury of tokens issued by Trump-family linked World Liberty Financial, said it suspended CEO Peter Tassiopoulos and replaced him with CFO Jonathan Hugh on an interim basis. The company’s board, which is headed by World Liberty Financial co-founder Zach Witkoff, removed Tassiopoulos