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 […]

The post Seven US Representatives Ask Treasury Secretary Janet Yellen Why Tornado Cash Remains Online Despite Sanctions appeared first on The Daily Hodl.

Russia Cautious on Tokenizing Real-World Assets

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 […]

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.

Russia Cautious on Tokenizing Real-World Assets

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 […]

The post US Government Borrows $827,887,738,000 in Three Months As Trillion-Dollar Asset Manager Warns Debt Spiral Threatens Americans’ Prosperity and Security appeared first on The Daily Hodl.

Russia Cautious on Tokenizing Real-World Assets

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 […]

The post US Government Adds $204,273,438,011 To National Debt on First Day of New Fiscal Year appeared first on The Daily Hodl.

Russia Cautious on Tokenizing Real-World Assets

US sanctions Russian crypto platforms for money laundering ties

September 26, 2024 Coin Telegraph

Coin Telegraph

Two crypto exchanges and two individuals have been sanctioned for ties to underground finance.

The United States government has taken action against two Russians and two cryptocurrency exchanges tied to alleged illicit Russian finance. The departments of the Treasury, Justice and State were involved, along with an assortment of overseas law enforcement agencies.

The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) identified PM2BTC, a Russian cryptocurrency exchange, and Sergey Ivanov, who is associated with that exchange, as being of “primary money laundering concern.” At the same time, Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned Ivanov and another crypto exchange, Cryptex.

PM2BTC is alleged to process the proceeds of ransomware attacks and other illicit activities. Half of its activities are linked to illegal operations, according to FinCen. According to Chainalysis, PM2BTC shares wallet infrastructure with UAPS (Universal Anonymous Payment System), an underground payment processing system.

Russia Cautious on Tokenizing Real-World Assets

US Paying $1,157,762,000,000 in Interest on National Debt in One Year, Says Treasury Department, As Elon Musk Warns Government ‘Whistling Past the Graveyard’

September 21, 2024 The Daily Hodl

US Paying ,157,762,000,000 in Interest on National Debt in One Year, Says Treasury Department, As Elon Musk Warns Government ‘Whistling Past the Graveyard’

Daily Hodl

The US Treasury Department says it expects to pay a whopping $1.157762 trillion in interest on the national debt for the fiscal year 2024. The interest represents the cost of borrowing money, which the government does by issuing Treasury bonds, bills and other securities. Interest payments have already totaled $1.05 trillion as of August, and […]

The post US Paying $1,157,762,000,000 in Interest on National Debt in One Year, Says Treasury Department, As Elon Musk Warns Government ‘Whistling Past the Graveyard’ appeared first on The Daily Hodl.

Russia Cautious on Tokenizing Real-World Assets

US Government Paying $3,000,000,000 in Interest on National Debt Every 24 Hours: Report

September 15, 2024 The Daily Hodl

US Government Paying ,000,000,000 in Interest on National Debt Every 24 Hours: Report

Daily Hodl

The US is spending a huge amount of cash per day just to cover interest on the national debt, according to the chief economist at the multinational investment giant Apollo Global Management. Citing data from the Treasury Department, Apollo’s Torsten Sløk says the US government is now spending an average of $3 billion in interest […]

The post US Government Paying $3,000,000,000 in Interest on National Debt Every 24 Hours: Report appeared first on The Daily Hodl.

Russia Cautious on Tokenizing Real-World Assets

US Government Losing $233,000,000,000+ To Fraud Every Year, According to First-Ever Estimate From America’s Accountability Office

September 6, 2024 The Daily Hodl

US Government Losing 3,000,000,000+ To Fraud Every Year, According to First-Ever Estimate From America’s Accountability Office

billion

A groundbreaking new report shows the US government is losing a staggering amount of money to fraud every year. The Government Accountability Office’s (GAO) first “Fraud Risk Management” report estimates the federal government’s annual losses to fraud fall somewhere between $233 billion and $521 billion. The GAO uses fiscal data from 2018 through 2022 for […]

The post US Government Losing $233,000,000,000+ To Fraud Every Year, According to First-Ever Estimate From America’s Accountability Office appeared first on The Daily Hodl.

Russia Cautious on Tokenizing Real-World Assets

Billionaire Peter Thiel Proposes ‘Insanely Unpopular’ Measures To Solve $1,500,000,000,000 Budget Deficit

August 21, 2024 The Daily Hodl

Billionaire Peter Thiel Proposes ‘Insanely Unpopular’ Measures To Solve ,500,000,000,000 Budget Deficit

Daily Hodl

Tech billionaire Peter Thiel is outlining a number of concrete steps that the US government can take to reduce its huge budget deficit. In a new interview on the Joe Rogan Experience podcast, Thiel takes aim at the government’s habit of spending way more than it makes. According to the billionaire, the amount of taxpayer […]

The post Billionaire Peter Thiel Proposes ‘Insanely Unpopular’ Measures To Solve $1,500,000,000,000 Budget Deficit appeared first on The Daily Hodl.

Russia Cautious on Tokenizing Real-World Assets

US Treasury Begins $50,000,000,000 Liquidity Injection As Trillion-Dollar Bond Market Witnesses Weak Demand

August 10, 2024 The Daily Hodl

US Treasury Begins ,000,000,000 Liquidity Injection As Trillion-Dollar Bond Market Witnesses Weak Demand

bonds

The Treasury Department is beginning to buy tens of billions of dollars in US bonds in a push to bolster the market. In a series of announcements, the department details its $50 billion buyback operation, which started on August 7th and will last until October 31st. The agency is looking to buy both short and […]

The post US Treasury Begins $50,000,000,000 Liquidity Injection As Trillion-Dollar Bond Market Witnesses Weak Demand appeared first on The Daily Hodl.

treasury department