Brian Armstrong Gives Ultimatum to Lawyers, Vows to Break Ties With Any That Hire Employees With Anti-Crypto Past

December 4, 2024 The Daily Hodl

Coinbase chief executive Brian Armstrong thinks crypto companies shouldn’t work with law firms that hire former regulators who policed the digital asset space during the Biden Administration. Armstrong blasted the law firm Milbank LLP for hiring Gurbir S. Grewal, a former director of the Division of Enforcement for the U.S. Securities and Exchange Commission (SEC). […]

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$3,000,000 in Unconditional Cash Payments Up for Grabs As Major US City Launches Groundbreaking Guaranteed Income Pilot Program

November 30, 2024 The Daily Hodl

Daily Hodl

A multi-million dollar guaranteed income program that will provide unrestricted monthly payments to participants is launching on the West Coast. The Foundation for the Los Angeles Community Colleges says it’s rolling out the largest-ever guaranteed income pilot program for college students. The program is targeting community college students in health-related fields. “Aligning with the mission […]

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$89,670,000,000 in Increasingly Risky Loans Flagged at JPMorgan Chase, Wells Fargo and Bank of America: Report

November 30, 2024 The Daily Hodl

bank

America’s biggest banks are reporting a rapid increase in the number of substandard, doubtful and potentially loss-making loans on their balance sheets, according to a new report. The amount of money tied up in criticized loans, which show emerging signs of risk and weakness that could lead to defaults, just reached its highest level since […]

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JPMorgan Chase Declared World’s Most ‘Too Big To Fail’ Bank As Bank of America’s Global Systemic Importance Drops: Report

November 28, 2024 The Daily Hodl

bank

An agency tasked with identifying and regulating global systemically important banks (G-SIBs) says JPMorgan Chase stands alone as the world’s most “too big to fail” financial institution. The Financial Stability Board’s (FSB) new list of critically important banks places JPMorgan Chase as the only bank in “bucket 4” – a distinction that forces the lender […]

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Wall Street Firm Strikes Deal With Tether, Agrees To Acquire $600,000,000 Stake in Stablecoin Issuer: Report

November 26, 2024 The Daily Hodl

Wall Street Firm Strikes Deal With Tether, Agrees To Acquire 0,000,000 Stake in Stablecoin Issuer: Report

Cantor Fitzgerald

The financial services giant Cantor Fitzgerald has reportedly acquired a 5% ownership stake in Tether, the leading stablecoin firm. The Wall Street Journal, citing unnamed business associates of both firms, reports that Cantor values the stake at up to $600 million. Cantor has served as Tether’s custodian since 2021. Last week, President-elect Donald Trump nominated […]

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Massive $83,000,000,000 Pile of Gold Discovered in China – Here’s How Much It Will Increase Supply

November 24, 2024 The Daily Hodl

Massive ,000,000,000 Pile of Gold Discovered in China – Here’s How Much It Will Increase Supply

billion

China just discovered a massive trove of gold worth $83 billion, according to state-run media. The gold was found in central Hunan province and according to the region’s geological bureau, it is estimated to weigh about 1,000 tonnes, reports Xinhua news. Prospectors say many of their core drillings show visible gold, with dozens of veins […]

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$36,000,000,000,000 US Debt Is National Security Issue As Massive Interest Payments Mount: Washington-Based Think Tank

November 23, 2024 The Daily Hodl

Daily Hodl

The Bipartisan Policy Center says the US government’s multi-trillion dollar debt is now a clear threat to national security. The Washington-based think tank highlights in a blog post that the US shelled out nearly $1 trillion just to pay the interest of its ballooning national debt during the 2024 fiscal year (FY), which ran from […]

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Brian Armstrong Proposes US Sovereign Wealth Fund That Pays Americans Dividends Through Elon Musk’s D.O.G.E.

November 19, 2024 The Daily Hodl

Brian Armstrong

Coinbase co-founder and CEO Brian Armstrong is proposing a plan that would pay dividends to Americans while making the size of the government leaner. Armstrong says on the social media platform X that President-elect Donald Trump’s proposed Department of Government Efficiency (DOGE) is a “once in a lifetime opportunity” to “cut the size of government […]

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US Borrowing $8,000,000,000 Per Day As Ratings Agency Moody Issues Warning on Nation’s Deteriorating Fiscal Strength

November 16, 2024 The Daily Hodl

US Borrowing ,000,000,000 Per Day As Ratings Agency Moody Issues Warning on Nation’s Deteriorating Fiscal Strength

Daily Hodl

New numbers show the US government is piling a staggering amount of debt onto its balance sheet every single day. The nonpartisan, nonprofit Committee for a Responsible Federal Budget (CRFB) says the federal government is now borrowing $8 billion per day just to keep things running. Citing data from the Congressional Budget Office (CBO), the […]

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$33,000,000,000,000 ‘Wall of Debt’ Descending on Globe As Governments Face Financial Day of Reckoning: Report

November 10, 2024 The Daily Hodl

Daily Hodl

Governments around the world are facing a major day of reckoning on trillions of dollars of debt. A so-called “maturity wall” of debt that advanced economies must refinance will descend by 2026. And that great wall of debt is projected to accumulate to more than $33 trillion by the time it needs refinancing, reports the […]

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