New Last Week in Crypto – US Deficit Up 100X to $863B (BTC's Secret Ally?)

This is the first episode of a weekly cryptocurrency news series called Last Week in Crypto.

We cover the latest global news stories affecting the cryptocurrency markets July 5th through 10th of 2020.

To check out the links to all of the articles we discuss, go to


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======== TABLE OF CONTENTS ========

00:00 – Introduction
00:47 – Market Movements
00:53 – Top Gainer: Elrond Due to Mainnet Launch Date
01:11 – Strong Altcoin Rally Helps Pump Bitcoin
01:42 – TikTok Influencer Sparks Dogecoin Buying Spree
02:23 – Teens Declare War Against Trump after Republicans Call to Ban TikTok
03:45 – Generation Z’s Power for Blockchain Revolution as the First True Digital Natives
04:37 – New Guerrilla Marketing Campaign Aims to Create Bitcoin Awareness
06:09 – Internet Service Providers Starting to Censor the Internet
06:50 – China Places Restrictions on Large Cash Withdrawals
08:16 – $100k of USDC Frozen at Law Enforcement’s Request
09:14 – Argentina Sets New Bitcoin Trading Record as Economy Worsens
10:34 – How Bitcoin is Used for Survival in Other Countries
11:54 – US Budget Deficit Hits a Record $863 billion, 100X Increase in a Year
12:16 – Gold Prices Hit a 9-Year High Due to Central Banking Stimulus
12:30 – Bloomberg is Bullish on Bitcoin, “Digital Gold”
13:35 – Coinbase Preparing for Stock Market Listing

======== VIDEO SUMMARY ========

Hello, I’m Crypto Casey and welcome my new video series: Last Week in Crypto.

Dogecoin’s trading volume surged over 683% after popular TikTok influencer James Galante challenged his followers to buy Dogecoin in an attempt to pump the price to $1 per coin so they could “all get rich.”

Generation Z has declared war on the Trump administration after Republicans called to ban the TikTok app.

A group called Ideas Are Like Flames created an initiative called the “Bitcoin Awareness Game,” that incentivizes people to place Bitcoin-related stickers in places all around the world.

In this article that came out Thursday, around 70 million people in 3 provinces in China will be subjected to cash withdrawal restrictions.

Argentina had a record-setting Bitcoin volume of 101 million Argentine pesos, which is roughly $1.4 million USD.

We saw the US Budget Deficit hit a record $863 billion in June, which is a 100X increase from just a year ago.

Gold hit a 9-year high supported by the prospect of a lengthy period of government stimulus to support economies harmed by the Covid crisis.

Coinbase started plans for a stock market listing that could come as early as this year, making it the first major US cryptocurrency exchange to go public.


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