Debt

a panoramic photo of a city (Joshua Rawson-Harris/Unsplash)
Stablecoins: A Potential Counter to De-Dollarization
Demand for dollars in the global economy is increasingly flowing into permissionless stablecoins, even as domestic policies and foreign efforts like a BRICS-issued currency co...
a panoramic photo of a city (Joshua Rawson-Harris/Unsplash)

Political theatrics over the internecine debt ceiling debate on the U.S. Capitol Hill risks the international economy. Bitcoin could ascend as a global reserve and trade asset if the U.S. dollar loses status. (Strobridge Litho. Co., Cincinnati & New York/U.S. Library of Congress)
What Does the Debt Limit Showdown Mean for Bitcoin?
A U.S. debt default could catapult the cryptocurrency onto the international stage.
Political theatrics over the internecine debt ceiling debate on the U.S. Capitol Hill risks the international economy. Bitcoin could ascend as a global reserve and trade asset if the U.S. dollar loses status. (Strobridge Litho. Co., Cincinnati & New York/U.S. Library of Congress)

U.S. Treasury Secretary Janet Yellen (Photo by Chip Somodevilla/Getty Images)
Bitcoin Slides Below $27K as Investors Eye Debt Ceiling Negotiations
Treasury Secretary Janet Yellen warned the U.S. could breach its debt limit by June 1, potentially setting off a recession in the event of default.
U.S. Treasury Secretary Janet Yellen (Photo by Chip Somodevilla/Getty Images)

Bitcoin's weekly price chart (CoinDesk/Highcharts.com)
Bitcoin Posts Biggest Weekly Loss in 5 Months as Dollar Liquidity Declines, Debt Ceiling Fears Return
The cost of insuring against a potential U.S. government default in the next 12 months soared to record highs last week.
Bitcoin's weekly price chart (CoinDesk/Highcharts.com)

Stronghold Digital Mining CEO Greg Beard (right) and co-Chairman Bill Spence
(Stronghold Digital Mining)
Bitcoin Miner Stronghold Raises Year-End Hashrate Guidance to 4 EH/s
Fourth-quarter revenue of $23.4 million was driven mainly by selling energy to the power grid rather than crypto mining.
Stronghold Digital Mining CEO Greg Beard (right) and co-Chairman Bill Spence
(Stronghold Digital Mining)

(Danny Nelson/CoinDesk)
Securities Platform DEFYCA to Release Tokenized Private Debt Protocol on Avalanche
DEFYCA’s launch highlights the growing trend of bringing tokenized versions of traditional markets like debt to blockchain-based protocols.
(Danny Nelson/CoinDesk)

Wolf Hollow power plant in Texas (Compute North)
Bitcoin Miner BitNile Pulls 6,500 Rigs From Former Compute North Site
The company signed a hosting deal in August with now-bankrupt Compute North for a site that is now managed by USBTC.
Wolf Hollow power plant in Texas (Compute North)

Bitfarms' mining facility in Washington state (Eliza Gkritsi/CoinDesk)
Bankrupt Crypto Lender BlockFi Takes Two-Thirds Loss to Settle Bitcoin Miner Bitfarms' Debt
The miner had recently warned it might stop paying off the debt to bankrupt BlockFi.
Bitfarms' mining facility in Washington state (Eliza Gkritsi/CoinDesk)

(CraigRJD/Getty Images)
DebtDAO to Burn 18M FTX User Debt Tokens Following Demand Frenzy
More than 18 million tokens to be burned after the demand for the recovery tokens saw prices surge to as much as $113.
(CraigRJD/Getty Images)