US Treasury Department Exposed As Chinese Hackers Breach 400 Devices, Including Janet Yellen’s Computer: Report

January 18, 2025 The Daily Hodl

Breach

Chinese state-sponsored hackers have breached hundreds of devices at the US Treasury Department, according to a new report. The attackers accessed 400 laptop and desktop computers at the department including Treasury Secretary Janet Yellen’s computer, reports Bloomberg, citing two people familiar with the matter. An early investigation has found employee usernames and passwords were accessed, […]

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Janet Yellen Warns ‘Extraordinary Measures’ Incoming As $36,288,567,567,400 National Debt Approaches Ceiling

January 5, 2025 The Daily Hodl

Janet Yellen Warns ‘Extraordinary Measures’ Incoming As ,288,567,567,400 National Debt Approaches Ceiling

Daily Hodl

Treasury Secretary Janet Yellen is urging Congress to act as the debt ceiling deadline approaches. In a letter to Speaker of the House Mike Johnson, Yellen says the government will likely reach its debt limit sometime in January, largely because of obligations related to Medicare payments – forcing the government to take “extraordinary measures” to […]

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US Treasury Confirms ‘Major Cybersecurity Incident’ As Chinese State-Sponsored Hackers Accused of Infiltrating Third-Party System

January 3, 2025 The Daily Hodl

China

The US Treasury Department says a post-mortem of a recent data breach shows state-sponsored Chinese hackers are behind the attack. In a letter to the Senate Banking Committee, Assistant Secretary for Management Aditi Hardikar says the Treasury Department suffered a “major cybersecurity incident” after receiving a notice from third-party software service provider BeyondTrust on December […]

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Blockchain Association Files Suit To Challenge IRS and Treasury Department’s DeFi Broker ‘Midnight’ Rulemaking

December 30, 2024 The Daily Hodl

Blockchain Association

A prominent nonprofit crypto advocacy group is filing a lawsuit to dispute new reporting rules for decentralized finance (DeFi) brokers. In a new press release, the Blockchain Association says the “midnight” decision by the Internal Revenue Service (IRS) and the Treasury Department to force DeFi protocols to follow the same reporting rules as securities brokers […]

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Crypto Stakeholders Protest As U.S. Treasury Department and IRS Finalize New DeFi Broker Reporting Rule

December 28, 2024 The Daily Hodl

Blockchain Association

Crypto stakeholders are protesting as the U.S. Department of the Treasury and the Internal Revenue Service (IRS) finalize new reporting rules for decentralized finance (DeFi) brokers. According to a new press release by the Treasury Department, while the new rules don’t add any taxes on crypto assets, they require DeFi brokers to report on the […]

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Treasury Department Says Bitcoin (BTC) Being Used As ‘Digital Gold,’ Touts Benefits of Tokenization

December 9, 2024 The Daily Hodl

Bitcoin

The U.S. Treasury Department is acknowledging the benefits of asset tokenization and comparing Bitcoin (BTC) to gold. In a new report, the Treasury Department calls the top crypto by market cap a store-of-value asset boosted by speculators. “The use case of digital assets continues to evolve, but interest has proceeded along two main tracks. Primary […]

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Seven US Representatives Ask Treasury Secretary Janet Yellen Why Tornado Cash Remains Online Despite Sanctions

November 20, 2024 The Daily Hodl

Daily Hodl

A handful of Democratic US Representatives are grilling Treasury Secretary Janet Yellen on the continued accessibility of Tornado Cash, an Ethereum (ETH)-based coin mixing system that helps users conceal their digital assets. The US sanctioned the controversial project in 2022 for national security purposes, but seven members of the House of Representatives wrote to Yellen last […]

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

October 26, 2024 The Daily Hodl

brics

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 […]

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US Government Borrows $827,887,738,000 in Three Months As Trillion-Dollar Asset Manager Warns Debt Spiral Threatens Americans’ Prosperity and Security

October 5, 2024 The Daily Hodl

US Government Borrows 7,887,738,000 in Three Months As Trillion-Dollar Asset Manager Warns Debt Spiral Threatens Americans’ Prosperity and Security

Daily Hodl

The US national debt has surged over $800 billion dollars in just three months amid a fiscal warning from one of the world’s largest asset managers. According to the U.S. Treasury Department’s Debt to the Penny system, the national debt hit an all-time high of $35.668 trillion on October 1st, up from $34.841 trillion on […]

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US Government Adds $204,273,438,011 To National Debt on First Day of New Fiscal Year

October 3, 2024 The Daily Hodl

US Government Adds 4,273,438,011 To National Debt on First Day of New Fiscal Year

Daily Hodl

The US government’s massive pile of debt is reaching fresh heights as a new fiscal year begins. The Treasury Department’s Debt to the Penny database shows the national debt rose from $35.464673929171 trillion on September 30th to $35.668947367182 trillion on October 1st – the first day of fiscal year 2025. That’s a jump of $204.273438011 […]

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treasury department