Key Takeaways Crypto advocacy group Coin Center has filed suit against the Treasury Department over its unilateral imposition of sanctions on Tornado Cash. The implications of the case are far-reachin...
Tag: Treasury
US Treasury Fines Bittrex Exchange $29m for Multi-Year Sanctions Violation
Washington-based cryptocurrency trading platform, Bittrex Has been fined the sum of $29 million by the United States Treasury Department through the Office of Foreign Assets Control (OFAC) and the Fin...
Treasury Fines Crypto Exchange Bittrex $53 Million for Sanctions Violations
The U.S. government has hit digital asset exchange Bittrex with fines of $53 million—the biggest fine on a crypto business by the Treasury Department to date. The Treasury’s Office of Foreign Assets ...
US Treasury Charges Bittrex With Sanctions Violations, Crypto Exchange Agrees to Settle With Regulator – Regulation Bitcoin News
On October 11, the U.S. Treasury department’s Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC) announced that it has settled charges with the cryptocurrenc...
U.S. Treasury and FinCEN Hit Crypto Exchange Bittrex With $53,000,000 in Fines for Two Offences
Crypto exchange Bittrex is settling with the U.S. Treasury and the Financial Crimes Enforcement Network (FinCEN) to the tune of $53 million. According to a press release, the Treasury’s Office of Fore...
Are 2-Year Treasury Notes A Good Investment Right Now?
| Getty Images Key Takeaways Treasuries are a risk-free way to invest your money. While other types of bonds exist, investing in 2-year Treasuries have unique advantages. Using the secondary market, s...
Layer by Layer Issue 48: Cosmos 2.0
October 9, 2022, 11:49AM EDT • 15 min read Quick Take In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and brid...
Yam DAO mulling distribution of treasury among token holders
Token holders of DeFi project Yam Finance are debating whether to dissolve the project’s treasury and distribute the funds among token holders in an attempt to salvage what’s left of the project. Yam ...
Former Treasury Secretary Wants The Bitcoin Value To Drop
The largest cryptocurrency, Bitcoin, is stuck in the $19k-$20k range. The macroeconomic market is dictating the value of Bitcoin. Unfavorable market sentiment is making the Bitcoin price movement slug...
Stocks tank, Treasury yields spike as jobs report dashes hopes of Fed pivot
U.S. stocks cratered on Friday in their worst day since the throes of September’s sell-off after the government’s monthly employment report showed labor conditions remained tight last mont...
MakerDAO To Invest $500M in U.S Treasury and Corporate Bonds
3 hours ago | 2 mins read Altcoin News It started with a $1 million pilot transaction, and the rest will follow shortly. MakerDAO’s native stablecoin, DAI, will be converted to US dollars. In a Thursd...
3 Reasons To Invest In Treasury ETFs Over Treasuries Themselves
Treasury bills are short-term U.S. government securities with maturities ranging from a few days to 52 weeks. Bills are sold at a discount from their face value. A Treasury note is a U.S. government d...
U.S. Treasury Watchdog Suggests Crypto Activities Could Threaten Financial Stability
The Treasury Department’s Financial Stability Oversight Council (FSOC) is weighing in on crypto assets and their potential to affect the traditional financial structure of the US. The council, which w...
Tornado Cash Sees Drop In Activity After U.S. Treasury Sanctions
The value of Tornado Cash is decreasing, not due to market factors but because of recent controversies. The Office of Foreign Assets Control recently added Tornado Cash to its list of Special Designat...
Tether Boosts US Treasury Holdings Behind USDT, Further Reducing Commercial Paper
Tether, the crypto firm behind USDT stablecoin, on Monday, announced that it has increased its holding of U.S. Treasuries to 58.1% of its total portfolio while reducing its commercial paper holding to...
Timing Isn’t Everything
This bear market in stocks, though grueling, is not (yet) as bad as the Covid bear market of 2020. That decline did 37% in damage (versus 22% today) yet lasted only two months, blunting its lasting im...
Tether Increases Treasury Bill Holdings, Cuts Commercial Paper
According to the company’s latest portfolio update, Tether has further reduced its commercial paper holdings and increased its treasury bill holdings. The reduction in the company’s commercial debt i...
U.S. Treasury challenges Congress to pass crypto regulation laws to minimize risks
As the United States engages in debate to regulate cryptocurrencies, Congress has emerged as a critical player in rolling out the necessary laws. Notably, several crypto regulation-related bills have ...
Tether increases reserves in Treasury bills
Yesterday, Tether announced that it had increased its reserves in Treasury Bills to 58%. In June, this percentage was less than 44%. #tether portfolio update. Tether as of 30 September 2022 holds ~58...
Tether Slashes Commercial Paper, Increases Treasury Bill Holdings in Latest Portfolio Update
Tether CTO Paolo Ardoino has announced a 14.6% increase in Treasury bills and lower commercial paper holdings since June 2022. Paolo added that Tether’s transparency report page will be updated in 45 ...
US Treasury recommends lawmakers decide which regulators will oversee crypto spot market
Officials with the United States Financial Stability Oversight Council, or FSOC, have recommended U.S. lawmakers pass legislation to determine which “rulemaking authority” will be responsible for regu...
Tether CTO Says US Treasury Notes Account for More Than 58% of USDT’s Reserves – Coinotizia
On Monday, the chief technology officer of Tether Holdings Limited, Paolo Ardoino, explained that U.S. Treasury bills represent more than 58% of the company’s reserves. The announcement follows Tether...
U.S. Treasury bills now make up more than half of Tether’s reserves
U.S. Treasury bills account for 58.1% of stablecoin issuer Tether’s reserves, the firm’s CTO, Paolo Ardoino, said on Monday. Throughout 2022, Tether has repeatedly made it known that it pl...
Tether CTO Says US Treasury Notes Account for More Than 58% of USDT’s Reserves – Bitcoin News
On Monday, the chief technology officer of Tether Holdings Limited, Paolo Ardoino, explained that U.S. Treasury bills represent more than 58% of the company’s reserves. The announcement follows Tether...
Tether Further Slashes Commercial Paper Holdings, Increases US Treasury Portfolio
Major stablecoin issuer Tether has further reduced its commercial paper holdings to less than $50 million, with more than half of its backing in US Treasury Bills. The continuous reduction in Tether’s...
Treasury yields pull back sharply amid concerns over Credit Suisse
Treasury yields pulled back sharply on Monday as investors assessed worries over the financial health of a large European bank and a gauge on the U.S. manufacturing sector produced the weakest reading...
Tether reduces commercial paper exposure to below $50M, Treasury bills rise to 58.1% of reserve
Insider information on Tether’s reserve revealed that as of Sept. 30, the shadlecoin issuer had increased its U.S. Treasury bills to 58.1% of its reserves while reducing its commercial paper exposure ...
US Senator Introduces ‘No Digital Dollar Act’ to Prohibit Treasury and the Fed From Interfering With Americans Using Paper Currency – Regulation Bitcoin News
A U.S senator has introduced the “No Digital Dollar Act to prohibit the U.S. Treasury and the Federal Reserve from interfering with Americans using paper currency” if a central bank digital currency i...
Janet Yellen’s Reign as US Treasury Secretary: Her Impact on Crypto
Janet Yellen – an American economist currently serving as the 78th US Secretary of Treasury – has displayed her anti-crypto position numerous times. During her 20-month reign, she has argued that bitc...
US Treasury yields are soaring, but what does it mean for markets and crypto?
Across all tradeable markets and currencies, U.S. Treasurys — government bonds — have significant influence. In finance, any risk measurement is relative, meaning, if one insures a house, the maximum ...
Reshuffle Looms As Treasury Secretary Leaves Soon – Will It Impact Crypto?
Biden’s administrative team is about to get shuffled as the Treasury Secretary, Janet Yellen leaves after midterm, the shuffle might mean a positive turn for Crypto since Yellen was an anti-crypto adv...