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Heatwave and Debt: Laos Suspends Crypto Mining Operations Amid Rising Power Demands

Heatwave and Debt: Laos Suspends Crypto Mining Operations Amid Rising Power Demands

In recent developments, Electricite du Laos (EDL) announced on August 24 that the power company shut down cryptocurrency mining activities. This de...
Aug, 26, 2023
1 min read
by Bitcoin News
Default of Tokenized Loans on Centrifuge Puts MakerDAO’s Investment at Risk

Default of Tokenized Loans on Centrifuge Puts MakerDAO’s Investment at Risk

DeFi giant MakerDAO has lent $1.8 million of DAI stablecoin to the tokenized credit pool under distress.
Aug, 25, 2023
by CoinDesk
Biden, Republicans Strike Tentative Deal to Raise US Debt Ceiling

Biden, Republicans Strike Tentative Deal to Raise US Debt Ceiling

The White House and House Republicans have reached an agreement in principle to raise the U.S. debt ceiling. Described by President Joe Biden as “g...
May, 28, 2023
3 min read
by Bitcoin News
Bitcoin Is Among The Top 3 Preferred Assets As US Default Risks Rise

Bitcoin Is Among The Top 3 Preferred Assets As US Default Risks Rise

If the US hits the debt ceiling, gold, US Treasuries, and Bitcoin will be the top three preferred assets for investors, ahead of the USD, Japanese ...
May, 15, 2023
2 min read
by CoinCu News
Billionare Ray Dalio Predicts US Government Will Turn Money Printers Back On To Fund National Deficit

Billionare Ray Dalio Predicts US Government Will Turn Money Printers Back On To Fund National Deficit

Billionaire investor Ray Dalio believes that the US government will turn the money printers back on to save the country from defaulting on its mass...
May, 01, 2023
2 min read
by The Daily Hodl