Iran hawk Bolton admits receiving ‘tens of thousands of dollars’ from MKO …from PressTV, Tehran [ Editor’s Note: Despite Rudi Giuliani’s growing exposure as a flagrant shill for Trump, he continues to get away scot free for his supporting the terrorism of MKO, along with his cohort John Bolton. Despite the extensive public evidence of supporting terrorist groups against Iran and Syria, US entities without diplomatic immunity continue to walk around without the slightest concern of being arrested for aiding and abetting terrorism charges that a rookie prosecutor could easily handle, if allowed to do so. Iran’s pleas to the US […]
Dollars
24 posts
TikTok discarded the offer of another American tech giant, Microsoft, before reaching an agreement with Oracle, which is expected to protect the Chinese video platform from being banned on the territory of the US over accusations of being a threat to national security. CEO of the tech giant Oracle, Larry Ellison, donated a hefty sum of $250,000 to the “Security is Strength” Super PAC, which only supports Senator Lindsey Graham’s re-election bid, three days before TikTok announced that it would strike a deal with Oracle to avoid being banned in the US. Graham, who is currently trailing slightly in the polls behind […]
The position of America’s currency has been far from solid in recent months, prompting analysts to suggest that the dollar will slide even further in relation to the euro throughout next year. Analysts from Goldman Sachs have recommended a bet on the dollar’s depreciation amid the risks associated with coronavirus vaccine trials and forthcoming US elections that they believe are pushing it down, according to a note distributed to investors, as cited by CNBC. The bank suggests that a strategy of “two dollar short trades” would be the most successful, meaning the selling of the currency now with intention to buy […]
https://cdn1.img.sputniknews.com/i/logo-itemprop.png Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/us/202009301080615844-trump-says-paid-millions-of-dollars-in-income-tax/ Prior to the first presidential debate against Trump, Democratic nominee Biden released his tax returns, putting pressure on the US president to do the same. Donald Trump said during the Tuesday debate against Democratic presidential candidate Joe Biden that he has paid “millions of dollars” in income tax. MORE DETAILS TO FOLLOW Source link
Crypto has many problems of its own making. Bad user experiences, unsustainable transaction fees, an inability to assess risks in the face of unyielding innovation. But until this year, I doubt anyone would have suggested that an interdependence on the U.S. dollar was one of them. The introduction of easily tradable, even decentralized, stablecoins has been a godsend for millions of ordinary people. They can now hedge against the constant fluctuations in price of ETH and BTC. And price stability means global commerce need no longer be obviously deterred in integrating programmable money into their digital operations. And yet, the land […]
Presidential niece Mary Trump has sued her uncle, his sister, and their late brother, accusing the trio of defrauding her of her rightful interest in the Trump empire – perhaps providing some insight into why she wrote her book. In a lawsuit filed on Thursday, the younger Trump declared her uncle and his siblings “siphoned millions of dollars from Mary’s interests” in the Trump real estate empire. “Rather than protect Mary’s interests, they designed and carried out a complex scheme to siphon funds away from her interests, conceal their grift, and deceive her about the true value of what she had […]
On Wednesday, Senate Republicans issued a report about Hunter Biden’s position at Ukraine’s Burisma Holdings while his father Joe Biden, then the US vice-president, was overseeing the Obama administration’s policy for the country. The report eventually alleged that Hunter Biden’s post on the company’s board of directors was “problematic”. Hunter Biden, son of Democratic presidential candidate Joe Biden, has allegedly sent “thousands of dollars” to people who have links to human-trafficking rings, the sex industry or prostitution, according to a footnote to the GOP report cited by the New York Post. The 87-page report focusing on Hunter’s previous business dealings in […]
A speech by Federal Reserve Chair Jerome Powell scheduled for Thursday offers a reminder of just how dramatically once-slow-moving monetary forces have accelerated due to the devastating economic toll of the coronavirus pandemic. This time last year, President Donald Trump was vehemently criticizing Powell on Twitter for setting interest rates too high, as U.S. economic growth slowed and the national debt swelled past $22 trillion. This time last year, then-Bank of England Governor Mark Carney delivered a speech at the Fed’s annual Jackson Hole Economic Symposium in Wyoming warning the U.S. dollar’s status as the de facto global currency contributes to […]
The long-existing, U.S. dollar-ruled financial system could come to an end amid challenges from a potential multiple-currency system, which includes digital currencies, according to an Aug. 14 research note by Dick Bove, noted senior research analyst at Odeon Capital Group LLC, a New York City-based investment bank. Source link
The US dollar has recently been losing value against other currencies, dropping nearly 5% in July, its biggest monthly fall in more than 10 years. This decline is prompting economists worldwide to re-assess the role of the dollar as a global reserve currency, as some countries have resorted to other options in their bilateral transactions. The US dollar’s share of trade between Russia and China fell to a record low of 46% in the first quarter of 2020, according to recent figures provided by Russia’s Central Bank and Federal Customs Service. This data prompted experts to suggest that the two trading […]
The Securities and Exchange Commission appears to be interested in Binance’s eponymous blockchain, 132% of ether wallets are in profit and the Bank of Japan is getting serious about CBDC R&D. You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they’re significant. You can subscribe to this and all of CoinDesk’s newsletters here. Top shelf Binance Sleuths The SEC appears to be gearing up for a closer look at Binance coin (BNB) and other tokens on cryptocurrency exchange giant Binance’s eponymous blockchain. The U.S. securities regulator disclosed in a Wednesday memo its intention to award Menlo […]
The OCC will allow banks to custody crypto, Visa has a digital currency playbook and a digital dollar is essential to America’s economic edge, said experts at a U.S. Senate hearing. You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they’re significant. You can subscribe to this and all of CoinDesk’s newsletters here. Top shelf Digital Dollar HegemonyThe U.S. Senate Banking, Housing and Urban Affairs Subcommittee on Economic Policy conducted a hearing on “Winning the Economic Competition” between China and the U.S. on Wednesday where crypto was cited as a possible tool to maintain U.S. […]
Singer Madonna has boasted about an unpaid “one million dollar fine,” which she says the Russian government slapped her with for speaking in favor of gay rights at a concert. The only problem is, the story is completely false. “I made this speech in St. Petersburg eight years ago,” the musician posted to her social media this week. Included was footage from the 2012 concert where she says “gay people, here and around the world” deserve the “same rights” as everyone else. “I was fined one million dollars by The government for supporting the Gay community. I never paid,” she proudly […]
A day earlier the World Health Organisation reported a record daily increase in infections (over 237,000) across the world. The WHO also issued a dire warning that the situation will get “worse and worse” if governments don’t take decisive steps to curb the spread of the disease, which has killed more than 600,000 and infected 14.2 million to date. The unofficial motto of the coronavirus pandemic has been – maintain social distance and avoid close contact – and the rich have been doing so on a grand scale, buying elite bunkers and even private islands. Just recently Horse Island off the […]
A day earlier the World Health Organisation reported a record daily increase in infections (over 237,000) across the world. The WHO also issued a dire warning that the situation will get “worse and worse” if governments don’t take decisive steps to curb the spread of the disease, which has killed more than 600,000 and infected 14.2 million to date. The unofficial motto of the coronavirus pandemic has been – maintain social distance and avoid close contact – and the rich have been doing so on a grand scale, buying elite bunkers and even private islands. Just recently Horse Island off the […]
The latest venture from CNET founder Halsey Minor looks a lot like an attempt to recreate the legacy monetary system on a blockchain. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
The idea of a “digital dollar” will once again rear its head before the U.S. Congress on Tuesday. The U.S. Senate Committee on Banking, Housing and Urban Affairs will hold a hearing on “The Digitization of Money and Payments,” and while few details have been released, the witnesses – former Commodity Futures Trading Commission (CFTC) Chair J. Christopher Giancarlo, Paxos co-founder and CEO Charles Cascarilla and Duke University Visiting Professor of Law Nakita Cuttino – suggest the focus may center in part around central bank digital currencies and stablecoins. The hearing may tread similar ground to a recent one hosted by […]
One of Silicon Valley’s top investors has quietly dumped seven figures into Democratic super PACs over the past two years through a pair of dark money groups that have little documented activity beyond channeling money into federal elections. Matt Cohler, a former Facebook executive and a partner at the venture capital firm Benchmark, is behind the pair of nonprofit groups, one of which has donated a total of more than $1 million this year alone to three leading Democratic political groups. The Pacific Environmental Coalition’s latest donation came last month, according to records released this week; it donated $500,000 to Senate […]
The Washington Examiner published an excerpt of John Bolton’s new book detailing a dramatic scene in which President Trump told Treasury Secretary Mnuchin to go after bitcoin before tackling trade with China. This news follows a report from the Drug Enforcement Administration (DEA) showing how the agency failed to properly oversee crypto investigations, and Fed Chair Jerome Powell’s statement that a “digital dollar” should be investigated. Here’s the story: You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they’re significant. You can subscribe to this and all of CoinDesk’s newsletters here. Top shelf […]
Top shelf Digital DollarsOn Thursday the House Financial Services Committee (FSC) Task Force on Financial Technology convened on Capitol Hill to discuss the possible role of a digital dollar is distributing COVID-19 relief payments. The watchdogs discussed FedAccounts, or cryptographic wallets held by the Federal Reserve, for commercial banking services. The National Science Foundation, an independent branch of the federal government, has given blockchain startup KRNC $225,000 to design cryptocurrency features for the U.S. dollar. The startup is pioneering the Proof-of-Balance consensus mechanism to assign voting power and distribute a digital currency to users in proportion to an individual’s existing wealth. […]
The National Science Foundation has given blockchain startup KRNC $225,000 to design cryptocurrency features for the U.S. dollar. The National Science Foundation, an independent agency of the U.S. federal government, awarded a $225,000 grant to private blockchain startup KRNC to design crypto features for the dollar at a time when the digital dollar is a topic of national debate. Key Retroactivity Network Consensus, or KRNC, is a protocol that would allocate a scarce cryptocurrency like bitcoin to fiat dollars. The digital currency will be distributed free of charge to users in proportion to their already existing wealth, so anyone who holds […]
Police officers take guard during a protest over the death of George Floyd last month in Minneapolis. Chandan Khanna/AFP via Getty Images hide caption toggle caption Chandan Khanna/AFP via Getty Images Police officers take guard during a protest over the death of George Floyd last month in Minneapolis. Chandan Khanna/AFP via Getty Images Activists protesting police brutality are calling on cities and states to defund their police. Funding for local law enforcement now increasingly comes from the federal government. Federal departments ranging from the Department of Justice to the Department of Agriculture have grant programs aimed at hiring more police, equipping […]
The US Federal Reserve’s balance sheet could skyrocket to more than $9 trillion by the end of this year, amid massive interventions to shield the economy from the coronavirus pandemic, according to the Financial Times. RT’s Keiser Report looks at the chart, showing that in 2007 there was “barely anything” on the Fed’s balance sheet. “The crisis hit in 2008 and you see the injustice of bankers getting bailed out when the rest of the economy was getting nothing,” says Stacy Herbert. Max Keiser says: “We know almost without doubt that it is going to over $20 trillion, it is going to […]
The value of assets for all stablecoins surpassed $10 billion Tuesday, having surged by over 70% in just two months, according to Coin Metrics. Stablecoin supply growth comes as more cryptocurrency traders choose to trade alternative cryptocurrencies (or altcoins) using dollar-backed digital tokens instead of bitcoin. Most of the stablecoin growth comes from tether, which represents almost 90% of the total stablecoin supply. The largest tether markets measured by traded volume are supported by two Asia-based exchanges, Binance and Huobi, according to CoinGecko. Both exchanges support nearly 200 different cryptocurrencies, which makes them attractive platforms for altcoin traders. Almost every exchange […]