Tag Archives: treasury

The U.S. Treasury has warned that unregulated cryptocurrencies could come back to haunt the United States and its financial workings. The Treasury Is Terrified of Crypto The Treasury has been engaged in digital currency research for some time given that back in March, Joe Biden issued a crypto executive order calling for all financial agencies within the United States to examine and explore the risks and alleged advantages associated with digital currency assets. The...

Is the United States closer to developing a digital dollar? According to a new report, it could be. A Digital Dollar Could Be on Its Way The order for a digital dollar first “officially” came about when Joe Biden issued a crypto executive order earlier in the year asking federal agencies throughout the country to look at the benefits and risks of crypto assets. The order also paved the way for a digital dollar’s creation, though to be fair, this wasn’t necessarily Joe...

The U.S. Treasury is doing additional research on crypto. The organization is looking to study the benefits, risks, and disadvantages that come with the space to align itself with the recent crypto executive order issued by “sleepy” Joe Biden. The Treasury Wants to Know About Crypto The crypto executive order came about several months ago. Biden garnered temporary praise for being the only acting president to engage in pushing crypto regulation, though this praise...

Just a day or so after announcing sanctions on crypto exchanges that engage in illicit transactions or the processing of ransomware payments, it looks like the U.S. Treasury Department is taking regulatory action against Suex, a crypto trading platform that has allegedly taken part in facilitating ransomware in the past. Suex Has Been Reprimanded According to the Treasury, ransomware is becoming a serious problem. Payments totaled more than $400 million last year alone,...

Ex-CFTC chief’s Digital Dollar Initiative adds 22 new advisors and will release a white paper in the next two months. The Digital Dollar is serious as never, as ex-CFTC, FED, Treasury board directors join the venture.Chris Giancarlo is gathering the industry’s top minds around what could soon become the Bitcoin killer for institutions. The Digital Dollar initiative is serious as never, as ex-CFTC, Treasury board directors join the venture. Digital Dollar Foundation (DDF) issue a press...

Bitcoin price recovery from last week’s catastrophic drop to $3,700 is still on as it tops $5,500 before pulling back below $5,200 partially driven by a boost from the reports that Trump Administration would support a $1 trillion coronavirus package.Nowadays we can read all about Bitcoin being “safe haven” in cases of emergencies, wars, unstable currencies, etc.However, nobody thought that an epidemic can become a “black swan” in such short notice. We had a big financial crisis back in 2008...

The fiscal stimulus package came amid the constantly dropping markets over the rise in the coronavirus spread. The Trump government announced direct payments and tax reliefs to individuals and small businesses. Dow Jones moved up on this news.The coronavirus outbreak has taken the entire global economy on a toss. Businesses across the world are facing the heat of this slowdown as the situation goes from bad to worse. The Dow Jones Industrial Average has been tossing like a crazy ball on the...

Markets in the Asia Pacific began to recover Tuesday and Dow Jones futures jumped more than 800 points a day after novel coronavirus fears and an oil price war sparked a worldwide panic.After the most disturbing day in newer U.S. market history (since 1991 Gulf War), as of 2:30 am ET Tuesday, futures on the Dow Jones Industrial Average started growing by 794 points, indicating an opening jump 839 points on Tuesday. S&P 500 futures and Nasdaq 100 futures also pointed to a higher open for...