Treasury Secretary Bessent downplays Moody’s downgrade of the US as the Trump tax-cut discussion goes on
Moody’s Downgrades US Credit Rating Amid Concerns On Sunday, Treasury Secretary Scott Bescent expressed confidence that economic growth under President Trump’s administration would surpass the national debt, downplaying Moody’s recent downgrade of the US credit rating. “I don’t give Moody’s much credit,” Bescent remarked during an appearance on CNN’s “State of the Union.” He went […]
Brazilian fintech receives authorization to operate as a Bitcoin treasury firm.
Méliuz Becomes Brazil’s First Public Bitcoin Financing Company The executive chairman of Méliuz has declared that the fintech now stands as Brazil’s first public Bitcoin financing company, following a favorable vote from shareholders. The company also revealed its acquisition of Bitcoin valued at $28.4 million to boost its existing holdings. “Today marks a historic moment! […]
Kato from Japan announces plans to talk about foreign exchange with US Treasury Secretary Scott Bessent.
The Japanese Finance Minister announced on Friday plans to meet with Secretary Scott Bescent to discuss foreign exchange matters. Kato expressed concerns that significant fluctuations in foreign exchange rates could negatively impact the Japanese economy. Key Statements We will engage with Bessent on FX topics, along with points from our previous discussion.Market forces should dictate […]
US Treasury Focuses on Funding Source for Hizballah Activities
The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) has imposed sanctions on two Hezbollah officials and two financial operators involved in managing funds for the group. This announcement was made on Thursday. According to a recent press release, the Ministry of Finance has validated allegations against four individuals who are suspected of receiving […]
JPMorgan Completes Initial Tokenized Treasury Deal on Public Blockchain with Chainlink and Ondo Finance
Simply put JPMorgan Chase has successfully completed its first transaction on a public blockchain this week. This occurs roughly six years after the financial giant introduced its decentralized platform, JPM Coin. This move signifies JPMorgan’s increasing commitment to blockchain technology as institutional investors show more interest in tokenized real-world assets. JPMorgan Chase has made its […]
Labour peer apologizes for contacting the Treasury to support the cryptocurrency company he advised.
Keir Starmer’s associates and a trade mission have issued an apology for breaching the House of Representatives’ code of conduct by contacting the Treasury to advocate for a cryptocurrency firm that employed him. Ian McNicol, the former general secretary of the Labour Party, was found to have broken the rules in June 2023 for providing […]
Tether Purchases $459 Million in Bitcoin to Support New BTC Treasury Company
New Bitcoin Company Set to Launch on NASDAQ Twenty One, a new Bitcoin venture, is gearing up for its NASDAQ debut through a merger with Cantor Equity Partners. This company has already secured $459 million in Bitcoin due to a deal involving the stablecoin giant Tether. According to a recent SEC filing, Cantor Equity Partners […]
Treasury Department imposes sanctions on over 20 companies for supplying Iranian oil to China
The Ministry of Finance announced on Tuesday that it has authorized a network of over 20 companies alleged to have supplied Iranian oil to China. The Office of Foreign Assets Control (OFAC) revealed that billions in oil have been dispatched to Beijing for Iran’s military leadership and its primary commercial partner, Sepere Energy. “Today’s measures […]
Carrot and Stick: Treasury Imposes New Oil Sanctions on Iran While Trump Promises a Brighter Future
The Treasury Department announced new sanctions on Iran’s oil sector on Tuesday as President Trump seeks potential nuclear agreements with the country. The Office of Foreign Assets Control (OFAC) has targeted around 20 entities involved in Iran’s illicit oil trade, aligning with the administration’s “maximum pressure” strategy against the Iranian government. These sanctions are intended […]
Nakamoto Holdings joins forces with KindlyMD to create a Bitcoin treasury.
KindlyMD Merges with Nakamoto Holdings to Form Bitcoin Ministry of Finance KindlyMD, a healthcare service provider, has joined forces with Nakamoto Holdings, a Bitcoin-centric holding company, with plans to establish the BTC Ministry of Finance. As reported on May 12th, the merger is a collaborative effort led by David Bailey, who is recognized as a […]