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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

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 […]

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Bitcoin Technical Analysis: Bears Tighten Grip as Price Flirts with $93,000 Support

$213,182,743,000 Piled Onto US National Debt in Just 23 Days As Former IMF Chief Economist Says He’s Extremely Worried About Borrowing Binge

3,182,743,000 Piled Onto US National Debt in Just 23 Days As Former IMF Chief Economist Says He’s Extremely Worried About Borrowing Binge

A former International Monetary Fund (IMF) chief economist is sounding the alarm about the US government’s insatiable thirst for debt. New data from the U.S. Treasury Department shows that the national debt rose from $34.155 trillion on February 1st to $34.368 trillion on February 23rd. That’s an increase of over $213.182 billion in about three […]

The post $213,182,743,000 Piled Onto US National Debt in Just 23 Days As Former IMF Chief Economist Says He’s Extremely Worried About Borrowing Binge appeared first on The Daily Hodl.

Bitcoin Technical Analysis: Bears Tighten Grip as Price Flirts with $93,000 Support

US Government Sanctions Two Russian Nationals’ Crypto Wallets Related to Ransomeware Group LockBit

US Government Sanctions Two Russian Nationals’ Crypto Wallets Related to Ransomeware Group LockBit

The US government is sanctioning the crypto wallets believed to belong to two Russian nationals linked to the ransomware group LockBit. In a statement, the Treasury Department’s Office of Foreign Assets Control (OFAC) says that it has sanctioned several Bitcoin (BTC) and Ethereum (ETH) wallets linked to the group. According to a press release, the […]

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Bitcoin Technical Analysis: Bears Tighten Grip as Price Flirts with $93,000 Support

Stablecoin Wars: Circle Executive Tells Congress That U.S. Treasury Department Should Probe Rival Company Tether

Stablecoin Wars: Circle Executive Tells Congress That U.S. Treasury Department Should Probe Rival Company Tether

A Circle executive told Congress this week that she hopes the U.S. Treasury Department considers taking action against Tether. Caroline Hill, senior director of global policy and regulatory strategy at Circle, testified before the House Subcommittee on Digital Assets, Financial Technology, and Inclusion on Thursday. Circle issues USDC, the second-largest stablecoin by market cap. Representative […]

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Bitcoin Technical Analysis: Bears Tighten Grip as Price Flirts with $93,000 Support

U.S. Treasury Department Agency Warns Financial Institutions To Look Out for Hamas Crypto Fundraising Efforts

U.S. Treasury Department Agency Warns Financial Institutions To Look Out for Hamas Crypto Fundraising Efforts

An agency at the U.S. Department of the Treasury says financial institutions need to take an active role in countering potential funding streams for Hamas. The Financial Crimes Enforcement Network (FinCEN), which polices money laundering and terrorism financing, notes in a new alert that Hamas’ deadly attack on Israel earlier this month was funded by […]

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Bitcoin Technical Analysis: Bears Tighten Grip as Price Flirts with $93,000 Support

Texas Lawmakers Introduce Bill Proposing to Establish a Gold-Backed Digital Currency

Texas Lawmakers Introduce Bill Proposing to Establish a Gold-Backed Digital CurrencyTwo Republican lawmakers from Texas, senator Bryan Hughes and representative Mark Dorazio, have introduced legislation to create a gold-backed digital currency that could be enacted by the state legislature. The policymakers believe that this currency could greatly benefit the Lone Star State and, as an alternative digital currency, it could provide Texas residents with the […]

Bitcoin Technical Analysis: Bears Tighten Grip as Price Flirts with $93,000 Support

Fed’s Inflation Nowcasting Data Shows Future CPI Increases, US Gross National Debt Hits $31 Trillion

Fed’s Inflation Nowcasting Data Shows Future CPI Increases, US Gross National Debt Hits  TrillionA recently published forecast stemming from the Federal Reserve Bank of Cleveland’s Inflation Nowcasting data indicates upcoming U.S. consumer price index (CPI) metrics will likely be elevated. The newly predicted CPI levels were recorded the same day America’s gross national debt surpassed $31 trillion on October 4, as the country’s growing debt continues to rise […]

Bitcoin Technical Analysis: Bears Tighten Grip as Price Flirts with $93,000 Support

Treasury Department Recommends More Research on U.S. CBDC To Develop Future System of Payments

Treasury Department Recommends More Research on U.S. CBDC To Develop Future System of Payments

The U.S. Treasury Department is recommending more research on the development of central bank digital currencies (CBDCs). In a new report, the Treasury Department says the US has an objective to create a future payments system that promotes American values, minimizes risks and fosters inclusion. To achieve its goal, the agency recommends more research on […]

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Bitcoin Technical Analysis: Bears Tighten Grip as Price Flirts with $93,000 Support

U.S. Treasury Department To Allow Tornado Cash Users To Complete Transactions and Withdraw Crypto

U.S. Treasury Department To Allow Tornado Cash Users To Complete Transactions and Withdraw Crypto

The U.S. Treasury Department has updated its policy on Ethereum-based crypto mixing service Tornado Cash. The Office of Foreign Assets Control (OFAC) imposed the ban on August 8th arguing that the protocol facilitated money laundering and terrorism. The move from OFAC effectively suspended transactions leaving users unable to withdraw their funds.  In a new statement, […]

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Bitcoin Technical Analysis: Bears Tighten Grip as Price Flirts with $93,000 Support

U.S. Treasury Department Sued by Crypto Investors With Support From Industry Giant Coinbase

U.S. Treasury Department Sued by Crypto Investors With Support From Industry Giant Coinbase

A group of Tornado Cash users is suing the U.S. Treasury Department over the decision to add the crypto mixer to the Specifically Designated Nationals and Blocked Persons (SDN) list. In a complaint filed with the U.S. District Court, Western District of Texas, the plaintiffs claim that the sanction of Tornado Cash infringes on their […]

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Bitcoin Technical Analysis: Bears Tighten Grip as Price Flirts with $93,000 Support