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$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

The Daily Hodl
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
Daily Hodl
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.

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TRON DAO at Cornell Blockchain Conference

TRON DAO at Cornell Blockchain Conference

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

The Daily Hodl
US Government Sanctions Two Russian Nationals’ Crypto Wallets Related to Ransomeware Group LockBit
crypto
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 […]

The post US Government Sanctions Two Russian Nationals’ Crypto Wallets Related to Ransomeware Group LockBit appeared first on The Daily Hodl.

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TRON DAO at Cornell Blockchain Conference

TRON DAO at Cornell Blockchain Conference

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

The Daily Hodl
Stablecoin Wars: Circle Executive Tells Congress That U.S. Treasury Department Should Probe Rival Company Tether
Altcoins
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 […]

The post Stablecoin Wars: Circle Executive Tells Congress That U.S. Treasury Department Should Probe Rival Company Tether appeared first on The Daily Hodl.

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TRON DAO at Cornell Blockchain Conference

TRON DAO at Cornell Blockchain Conference

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

The Daily Hodl
U.S. Treasury Department Agency Warns Financial Institutions To Look Out for Hamas Crypto Fundraising Efforts
Bitcoin
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 […]

The post U.S. Treasury Department Agency Warns Financial Institutions To Look Out for Hamas Crypto Fundraising Efforts appeared first on The Daily Hodl.

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TRON DAO at Cornell Blockchain Conference

TRON DAO at Cornell Blockchain Conference

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

Bitcoin.com
Texas Lawmakers Introduce Bill Proposing to Establish a Gold-Backed Digital Currency
alternative 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 […]
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TRON DAO at Cornell Blockchain Conference

TRON DAO at Cornell Blockchain Conference

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

Bitcoin.com
Fed’s Inflation Nowcasting Data Shows Future CPI Increases, US Gross National Debt Hits Trillion
$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 […]
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TRON DAO at Cornell Blockchain Conference

TRON DAO at Cornell Blockchain Conference

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

The Daily Hodl
Treasury Department Recommends More Research on U.S. CBDC To Develop Future System of Payments
CBDC
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 […]

The post Treasury Department Recommends More Research on U.S. CBDC To Develop Future System of Payments appeared first on The Daily Hodl.

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TRON DAO at Cornell Blockchain Conference

TRON DAO at Cornell Blockchain Conference

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

The Daily Hodl
U.S. Treasury Department To Allow Tornado Cash Users To Complete Transactions and Withdraw Crypto
Daily Hodl
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, […]

The post U.S. Treasury Department To Allow Tornado Cash Users To Complete Transactions and Withdraw Crypto appeared first on The Daily Hodl.

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TRON DAO at Cornell Blockchain Conference

TRON DAO at Cornell Blockchain Conference

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

The Daily Hodl
U.S. Treasury Department Sued by Crypto Investors With Support From Industry Giant Coinbase
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 […]

The post U.S. Treasury Department Sued by Crypto Investors With Support From Industry Giant Coinbase appeared first on The Daily Hodl.

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TRON DAO at Cornell Blockchain Conference

TRON DAO at Cornell Blockchain Conference

Report: Compass to Sell $30 Million in Crypto Mining Equipment Located in Russia

Bitcoin.com
Report: Compass to Sell Million in Crypto Mining Equipment Located in Russia
Bitcoin mining
Report: Compass to Sell Million in Crypto Mining Equipment Located in RussiaThe U.S.-based company Compass Mining plans to sell $30 million worth of bitcoin mining equipment that’s currently located in Siberia. The decision to sell the mining rigs follows the U.S. government sanctioning the bitcoin mining operation Bitriver and ten subsidiaries. Compass is hoping to offload 12 megawatts of capacity, according to a company executive. Compass […]
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TRON DAO at Cornell Blockchain Conference

TRON DAO at Cornell Blockchain Conference

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