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US Treasury strategy for financial inclusion mentions digital assets

Lael Brainard credited Vice President Kamala Harris, who is campaigning to be the next US President, with helping expand “access to capital, credit, and economic opportunity.”

The United States Department of the Treasury has released its national strategy for financial inclusion, only including cryptocurrencies as a potential risk for consumers.

In an Oct. 29 notice, the US Treasury said its National Strategy for Financial Inclusion in the United States report resulted from a request from Congress and included recommendations to “advance consumer access to safe financial products and services and strengthen financial security.”

According to the department, one of its methods of financial inclusion was through research of a “series of publications on consumer activities and risks related to digital assets,” citing a September 2022 report.

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BTC price all-time high above $94K comes amid Bitcoin sell-off warning

Blackrock to Vote on Microsoft’s Bitcoin Move — BTC Treasury Strategy in Focus

Blackrock to Vote on Microsoft’s Bitcoin Move — BTC Treasury Strategy in FocusBlackrock’s significant stake in Microsoft could sway the tech giant’s potential decision on adding bitcoin to its corporate reserves, signaling a shift in mainstream crypto adoption. Blackrock’s Stake Fuels Speculation Over Microsoft’s Bitcoin Future Speculation emerged last week around Microsoft’s upcoming Dec. 10 shareholder meeting, following a U.S. Securities and Exchange Commission (SEC) filing that […]

BTC price all-time high above $94K comes amid Bitcoin sell-off warning

Treasury Secretary Yellen To Unveil ‘Strong’ New Global Sanctions As BRICS Nations Russia and China Push To Forge Deeper Ties: Reports

Treasury Secretary Yellen To Unveil ‘Strong’ New Global Sanctions As BRICS Nations Russia and China Push To Forge Deeper Ties: Reports

BRICS founding members Russia and China are reportedly looking to build deeper economic relations. At the 16th BRICS summit, Russian President Vladimir Putin and Chinese leader Xi Jinping engaged in talks to bolster trade partnerships in an effort to create a “fair world order,” reports the South China Morning Post. According to Putin, the alliance […]

The post Treasury Secretary Yellen To Unveil ‘Strong’ New Global Sanctions As BRICS Nations Russia and China Push To Forge Deeper Ties: Reports appeared first on The Daily Hodl.

BTC price all-time high above $94K comes amid Bitcoin sell-off warning

Governments must tax or ban Bitcoin to maintain deficits: Minneapolis Fed

The Federal Reserve Bank of Minneapolis suggests that a ban or tax on Bitcoin could ensure its ability to run permanent budget deficits.

A recent research paper by the Federal Reserve Bank of Minneapolis has suggested that assets such as Bitcoin would need to be taxed or banned for governments to maintain deficits. 

In an economy where the government tries to maintain permanent deficits using nominal debt, the presence of Bitcoin (BTC) creates problems for policy implementation, the Minneapolis Fed stated in a working paper released on Oct. 17.

Bitcoin introduces a “balanced budget trap,” an alternative state where the government is forced to balance its budget, the Fed claimed. 

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BTC price all-time high above $94K comes amid Bitcoin sell-off warning

Understanding Bitcoin Treasury Strategies: Insights From Public Bitcoin Miners Like MARA

Understanding Bitcoin Treasury Strategies: Insights From Public Bitcoin Miners Like MARAThe following guest post comes from Bitcoinminingstock.io, the one-stop hub for all things bitcoin mining stocks, educational tools, and industry insights. Originally published on Sept. 11, 2024, it was penned by Bitcoinminingstock.io author Cindy Feng. In the editorial, readers discover how MARA Holdings, the largest Bitcoin mining company by market cap, strategically accumulates BTC, outperforming […]

BTC price all-time high above $94K comes amid Bitcoin sell-off warning

Robert Kiyosaki Predicts ‘Everything Crash’: Bitcoin May Drop to $5,000 Amid Market Collapse

Robert Kiyosaki Predicts ‘Everything Crash’: Bitcoin May Drop to ,000 Amid Market CollapseRich Dad Poor Dad author Robert Kiyosaki predicts a catastrophic stock market crash and the collapse of “The Everything Bubble,” warning that gold, silver, and bitcoin will nosedive, triggering a global depression. He urges investors to brace for financial turmoil, saying only the prepared will emerge wealthier from the ruins. “Take bitcoin for example… it […]

BTC price all-time high above $94K comes amid Bitcoin sell-off warning

Metaplanet Boosts Bitcoin Holdings With $6.7 Million Investment

Metaplanet Boosts Bitcoin Holdings With .7 Million InvestmentMetaplanet Inc., a company publicly listed on the Tokyo Stock Exchange, announced on Monday an additional purchase of 108.786 bitcoin for a total investment of 1 billion yen (approximately $6.7 million). The average purchase price was 9,192,359 yen per BTC. With this acquisition, Metaplanet’s total bitcoin holdings now stand at 639.503 bitcoin. The cumulative amount […]

BTC price all-time high above $94K comes amid Bitcoin sell-off warning

Jim Rickards: Gold Might Avoid Crypto Substituting the US Dollar

Jim Rickards: Gold Might Avoid Crypto Substituting the US DollarRenowned economist Jim Rickards explained that buying gold to back the dollar would restore confidence in the currency, avoiding a long-term decline. He stated that the currency should not be taken for granted, as new forms of money like crypto will step in as old money fails. Jim Rickards: Treasury Should Buy Gold to Avoid […]

BTC price all-time high above $94K comes amid Bitcoin sell-off warning

Standard Chartered Sees Buying Opportunity as Bitcoin Nears $60K Dip

Standard Chartered Sees Buying Opportunity as Bitcoin Nears K DipStandard Chartered has cautioned that bitcoin could drop below $60,000 due to rising geopolitical tensions in the Middle East. While the bank sees this as a buying opportunity, it also highlights the unique relationship between BTC’s price and the U.S. presidential race. Former President Donald Trump’s improving odds could enhance bitcoin’s long-term outlook, but a […]

BTC price all-time high above $94K comes amid Bitcoin sell-off warning

Ripple Boosts Cross-Border Transactions in Brazil With New Payment Solution

Ripple Boosts Cross-Border Transactions in Brazil With New Payment SolutionRipple is expanding its digital payments service in Brazil, partnering with Mercado Bitcoin to offer faster, cheaper cross-border transactions. This move positions Ripple Payments as a key player in the region’s crypto landscape, helping businesses move funds 24/7. With plans to streamline treasury operations between Brazil and Portugal, the service also aims to benefit corporate […]

BTC price all-time high above $94K comes amid Bitcoin sell-off warning