BITCOIN

Russia is closely monitoring the U.S. economy amid discussions of the U.S. government defaulting on its debt obligations. Treasury Secretary Janet Yellen said the Treasury will be unable to pay the government’s bills if Congress does not act by June 1. Russia Monitoring US Economy in Case of Debt Default Russia is closely monitoring the state of the U.S. economy as discussions of possible debt default intensify, Kremlin Spokesman Dmitry Peskov told reporters on Tuesday. “We see that the U.S. economy, just as the global economy, is currently experiencing certain problems,” Peskov was quoted by Russian news outlet Tass as saying. “Inflation expectations continue staying at a rather high level,” he stressed, adding: Certainly, we are keeping a close eye on all that. All our fiscal agencies. The United States is currently facing a debt ceiling crisis. Treasury Secretary Janet Yellen warned on Monday that the Treasury Department will not be able to pay all of the government’s debt o

Florida governor Ron DeSantis reiterated his call for a ban on central bank digital currencies (CBDCs) during a visit to Jacksonville on Tuesday. Last March, DeSantis pushed for legislation to prohibit a CBDC in Florida. At Tuesday’s event called “Government of Laws, Not Woke Politics,” he stated that if the U.S. Federal Reserve or Treasury were to codify a CBDC, his state would have a “prohibition against” it. DeSantis Slams ‘Woke Politics,’ Insisting ‘They Don’t Like Crypto Because They Can’t Control Crypto’ On May 2, 2023, the Republican Florida governor Ron DeSantis spoke about the state’s economic policy during a visit to Jacksonville on May 2, 2023. He signed a bill aimed at combatting the U.S. government’s environmental social governance (ESG) standards, stating that he wanted to protect Floridians from ESG. The bill prohibits the use of Florida’s state funds for ESG standards and investments. “We are recognizing the dangers with this agenda,” DeSantis stated. “It’s not yo

Bitcoin fell below the $28,000 level on Tuesday, as markets continued to prepare for tomorrow’s Federal Reserve interest rate decision. The Fed is expected to increase rates by 0.25%, despite the U.S. economy slowing down. Ethereum also remained lower, moving close to a breakout below $1,800. Bitcoin Bitcoin ( BTC ) dropped below $28,000 on Tuesday, as markets prepared for the upcoming Federal Open Market Committee (FOMC) decision. BTC /USD slipped to an intraday low of $27,680.79 earlier in today’s session, which came less than 24 hours after trading at a high of $28,626.28. As a result of this move, bitcoin nearly collided with its recent price floor at $27,600, hitting a six-day low in the process. Looking at the chart, the latest decline comes as the relative strength index (RSI) moved below a floor of its own at 50.00. At the time of writing, the index is tracking at 46.17, with the next visible point of support at 43.00. Bitcoin has since moved back above $28,000,

Pro-freedom technologies advocate and software developer Jason Dreyzehner recently spoke with Bitcoin.com News via email about the upcoming Bitcoin Cash network upgrade on May 15. One of the most talked about improvement proposals set to go through on that date — which proponents view as a boon to economic freedom — is the Cashtokens CHIP. Beyond UTXO-level token creation, the upgrade will allow for “advanced on-chain applications like higher-security vaults, decentralized exchanges, and bridged sidechains,” comparable to ethereum, more scalable, and cheaper, according to Dreyzehner. Bitcoin Cash Dev Dreyzehner on Cashtokens Upgrade As the traditional financial world is focused on central bank digital currencies, bank failures, and trying to regulate permissionless digital assets, bitcoin cash enthusiasts are looking forward to the May 15th upgrade , which features a Bitcoin Cash Improvement Proposal (CHIP) known as the Cashtokens CHIP . BCH Tokyo weekly meetup organizer Big V tol