Trump unveils digital assets to be included in ‘crypto strategic reserve,’ sending Bitcoin, his memecoin and others soaring
President Trump announced the digital assets he plans to include in US crypto strategic reserves, many of which caused the value of those coins that had been surged. The five cryptocurrencies Trump is paying attention to are Bitcoin, Ether, XRP, Solana and Ada. Trump had signed an executive order in January to assess “the potential […]
FDIC Ends Disclosing Total Assets of Banks on “Problem Bank List,” as Disclosure Might Suddenly Trigger a “Disorderly Run” – WOLF STREET
Is there a “unrealized loss” disclosure on the bank's balance sheet next? Wolf Richter on Wolf Street. Travis Hill, chairman of the FDIC board of directors who was sworn in as Vice Chairman of FDIC on January 5th, issued a statement along with documents from FDIC quarterly report on FDIC Insurance Banks as well as […]
Authorities in India Seize $190,000,000 in Crypto Assets Related to 2018 BitConnect Ponzi Scheme: Report – The Daily Hodl
India's law enforcement reportedly seized crypto assets linked to the BitConnect Ponzi scheme, which scam hundreds of casualties before it collapsed in 2018. Indian Express Report The Enforcement Bureau (ED) seized almost $190 million of Crypto assets during investigation of Rs (Indian Rupee) or Bitconnect. The agency responsible for enforcing Indian economic law and fighting […]
Feds will soon loosen tough stance on digital assets as Trump embraces crypto
The Federal Reserve and the Secretary of the Money – the country's top banking regulators will quickly ease their tough stance when it comes to digital assets, as President Trump has fully embraced the industry. Officials from the nation's top banks, namely JP Morgan and Bank of America, are growing more optimistic that regulators will […]
Coast Guard to ‘surge assets’ to Gulf of America, other areas
The U.S. Coast Guard on Tuesday announced the deployment of personnel and equipment to various maritime borders within the United States, a day after President Donald Trump fired the leaders of the military branches. In a statement, Rear Adm. Kevin Landay, acting commander of the Coast Guard, said: It will support President Trump's executive order […]
Auctioning Feds’ Assets Can Fund $1T of Trump Agenda
A populist proposal to auction off distressed federal assets, such as loans, to pay for infrastructure and other policy priorities for working-class Americans is likely to be the subject of former President Donald Trump's return to the White House next week. is attracting new interest. Going back to President Trump's first term, a bipartisan group […]
Infowars sale could be near as feuding Sandy Hook families reach deal on dividing bankrupt Alex Jones’ assets
The families suing Alex Jones over his false claims about the Sandy Hook massacre have resolved their dispute over how to divide the bankrupt conspiracy theorist's assets, paving the way for the sale of Jones' Infowars platform. lawyers said at a court hearing Monday. Joshua Wolfsholl, the attorney for the bankruptcy trustee handling the sale […]
Bessent to divest from assets on road to leading Treasury
Scott Bessent, President-elect Trump's nominee for Treasury secretary, plans to exit the fund and other investments as he prepares to become the country's top economic official. In an agreement released Saturday by the Office of Government Ethics ahead of Bessent's confirmation hearing on Thursday, he outlined his plans. Mr. Bessent, a billionaire hedge fund manager, […]
Bank of America sees an opportunity to grab solid yields using these assets – CNBC
Bank of America says investors have an opportunity to capture solid yields on preferred securities this year despite potential headwinds. Preferred has characteristics of both stocks and bonds. They trade on exchanges like stocks, but they also have a face value and provide a source of income. Like bonds, when the price of a senior […]
Judge signals that contempt hearing for Rudy Giuliani over his assets might not go well for him
A federal judge will hold a contempt hearing next Friday for Rudy Giuliani, the former New York mayor, as he seeks to recover $148 million in defamation damages won by two Georgia election investigators. It suggests things may not end so well for the former president-elect Donald Trump's personal lawyer. against him. Manhattan Judge Louis […]