Mon, Dec 23, 2024 12:10 PM
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A Flip by Shubhangi Gupta
VanEck says the US could reduce its debt by 35% by 2049 if it adopts Bitcoin as a reserve asset and the cryptocurrency grows at a 25% compounded annual growth. The United States could reduce its national debt by 35% in the next 24 years if it creates a reserve of 1 million Bitcoin, in line with a bill proposed by Senator Cynthia Lummis, says asset management firm VanEck.
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Metaplanet made its largest-ever Bitcoin purchase, scooping up almost 620 Bitcoin as the cryptocurrency trades below $100,000. On Dec. 23, Metaplanet announced that it had bought 619.7 Bitcoin worth just under $60 million. It was the largest single purchase the firm has made since it started buying Bitcoin in May and nearly quadrupled the value of its previous record buy of 159.7 BTC on Oct. 28.
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NBFC Paisalo Digital on Monday, December 23, announced its board of directors approved the raising of funds by preferential issue of convertible equity warrants to some non-promoter entities. Paisalo Digital share price opened at ₹59.36 against its previous close of ₹58.09 and cracked as much as 5% to the level of ₹55.30. Around 2:50 PM, the stock was 4.5% down at ₹55.48 piece.
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