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Investor Luke Gromen is forecasting a breakdown in the dollar over time due to an increasingly unfavorable fiscal situation in the United States. In a new interview on the Trader’s Edge podcast, Gromen says the Federal Reserve is essentially “stuck” with low interest rates due to the inability of the US government to afford to […]
The post Macro Guru Luke Gromen Predicts Dollar Collapse Amid Deteriorating US Fiscal Situation – Here’s His Timeline appeared first on The Daily Hodl.
The Federal Bureau of Investigation (FBI) has seized millions of dollars worth of crypto assets from entities in Southeast Asia that allegedly targeted US citizens. In a new announcement on the social media platform X, the FBI says that they’ve seized $6 million worth of digital assets from Southeast Asian scammers who prey on people […]
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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.
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.
AI technology could drastically reduce inequalities and expand access to services in local and state governments, many believe.
Artificial intelligence could soon be governing a city in the United States — at least if one American mayoral candidate has his way.
Victor Miller recently threw his hat into the ring for mayor of Cheyenne, Wyoming, pledging to manage the 65,000-person city exclusively with a generative AI bot he built himself — called VIC, or Virtual Integrated Citizen.
He argued that it could quickly scan heaps of municipal documents, summarize events and render error-free judgments in near real-time. Its rulings would also be objective — without fear of favor or influence from lobbyists — which would be good for democracy.
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.
Ex-Goldman Sachs executive Raoul Pal believes that the US government accumulating millions of Bitcoin (BTC) is not all good news for the crypto king. During the recent Bitcoin2024 Conference, independent presidential candidate Robert F. Kennedy Jr. said that his administration would stockpile four million Bitcoin as a strategic reserve asset if he won the election. […]
The post US Government Can Manipulate Bitcoin if It Stockpiles 4,000,000 BTC, Warns Macro Guru Raoul Pal appeared first on The Daily Hodl.
Minnesota Governor Tim Walz has previously advocated for more stringent crypto regulations to ensure the stability of the legacy financial system.
Kamala Harris, the vice president of the United States, has revealed her running mate for the 2024 US presidential election.
Harris has reportedly chosen Minnesota Governor Tim Walz as her vice presidential pick, four unknown sources familiar with the matter reportedly told CNN.
Walz previously served for over 12 years in Congress and is currently in his second term as Minnesota governor.