US NATIONAL DEBT PASSES $23 TRILLION WHAT DOES THIS MEAN FOR CRYPTO


The French introduce blockchain study to French High Schools, and the US National Debt crosses over 23 trillion dollars, what does this mean for cryptocurrency? Let’s start the show.
Welcome back to crypto global news, please make sure you like share and subscribe to the show. Also, we have a brand new website – jump over to cryptognt.com and have a look, we have all the latest news from the world of blockchain and cryptocurrency. You can find a link to our site in the show notes below. Enjoy today’s episode.
France is about to introduce an educational course to its high school curriculum that covers Bitcoin (BTC) and cryptocurrencies. In June, the French Ministry of National Education amended its study plan to include the world’s largest cryptocurrency. French educators are expected to teach an introductory course that will assist students in understanding the impact Bitcoin has on the French and global economies. An interesting move by the French, how will this affect their education system, and what other countries will follow suit in the near future?
Customers of the United States-based branch of crypto exchange Binance, Binance.US, can now purchase cryptocurrencies using their debit cards. In a blog post on Nov. 1, Binance.US announced that the exchange will now offer its customers the possibility to purchase cryptocurrencies with a debit card, joining existing U.S. dollar on-ramp and off-ramps, including the automated clearinghouse (ACH) and bank wire. They are not the first company to offer this service, but how will this affect their growth in the next year?
Just a reminder, we have a brand new website – jump over to cryptognt.com and have a look, we have all the latest news from the world of blockchain and cryptocurrency. You can find a link to our site in the show notes below. And now, back to today’s episode.
Former Texas Republican congressman and presidential candidate Ron Paul received his reportedly first Bitcoin (BTC) from Bitcoin Foundation board member and Bitcoin wallet startup Ballet Crypto founder, Bobby Lee, on Oct. 28.
Lee publicly announced the gift he had given to Paul on Nov. 2, noting that the coin has been loaded into a gold-plated Bitcoin wallet produced by his company Ballet Crypto. He added that extra care has been given to customizing the wallet to better suit the former congressman.
Congressman Paul is 84 years old, it looks like anyone at any age can get involved in the world of cryptocurrency.
Ethereum development firm CasperLabs announced “Highway,” which they claim is the first correct-by-construction Casper Proof of Stake (PoS) implementation that is provably live and safe. It is meant to be a protocol that is safe if it is consistent in its decision and live if it guarantees a decision. CasperLabs claims that both those features are part of Highway and that their presence is provable. What will this development do for Ethereum?
The United States national debt is now over $23 trillion, this equates to an individual debt per the United States citizen is of about $70,000 and that the debt to gross domestic product ratio is over 105%. So what does this mean for the world of cryptocurrency?
The host of the Keiser Report and cryptocurrency entrepreneur, Max Keiser, has talked about the relationship between government decisions and the value of Bitcoin:
“It bottomed when the Fed signaled ‘Infinite QE’ recently at around $3,300 BTC. Global Central Banking is about to go bust. […] All fiat money will die.”
Saying that all fiat currency will die is a very strong thing to say, but what does happen is when people lose faith in a particular asset, or asset class, they will invest in another commodity, so now that the US national debt is over 100% of US GDP, what will the future value be of Bitcoin and other cryptocurrencies?
Many thanks for tuning into today’s episode, please make sure you like share and subscribe to the show, And please remember to go check out our new website at cryptognt.com where you can find all the latest news from the world of cryptocurrency. You can find a link to the site in the show notes below. For crypto global news I’m Edward, until next time you take it easy.

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