Articles for tag: banking failures, checkout systems, Cryptocurrency, Digital Identity, Elon Musk, quantum financial system, U.S. Treasury

February 9, 2025

The Finanser’s Week: Key Highlights and Insights from February 3-9, 2025 in Finance and Technology Industries

This week’s blog highlights several thought-provoking topics. One discussion focuses on Elon Musk’s influence over the U.S. Treasury’s payment system, raising questions about the implications of his control. Another explores the complexities of establishing digital identity using blockchain technology, revealing challenges that go beyond simple solutions. The blog also addresses recent online banking failures and ...

February 6, 2025

Market News

Crypto

Trump’s Strategy to Lower 10-Year Yield: What It Means for Bitcoin’s Future and Market Dynamics

U.S. Treasury Secretary Scott Bessent recently shared that the Trump administration is focused on lowering borrowing costs by reducing the yield on the 10-year Treasury note. This yield affects most long-term loans, including mortgages and business loans, making it crucial for economic growth. A lower yield is generally positive for risk assets like bitcoin, as ...

January 29, 2025

Market News

Crypto

KuCoin Fined $297M for Violating BSA Regulations: Latest Crypto Penalty News

KuCoin, a cryptocurrency exchange based in Seychelles, will pay nearly $300 million in penalties and halt operations in the U.S. for two years. This settlement comes after charges claiming the exchange failed to properly monitor its network for criminal activity. Since 2019, Peken Global, the owner of KuCoin, did not register as a money transmitting ...

January 24, 2025

Market News

Crypto

Senator Lummis to Announce Key Developments on Strategic Bitcoin Reserve Today at 10 a.m.

Senator Cynthia Lummis is preparing to announce an important update regarding a strategic Bitcoin reserve plan today at 10 a.m. This initiative aims to help combat inflation by proposing that the U.S. Treasury purchase 1 million Bitcoins over five years, with a commitment to hold them for at least 20 years. The proposed BITCOIN Act, ...

January 6, 2025

Market News

Crypto

China’s Two-Year Yield Expected to Drop Below 1.00%, Signals Economic Concerns, Reports Reuters

As Asian markets open for the first full trading week of 2025, investors are keenly observing several developments. China’s currency and bond yields have sharply declined, raising concerns about the country’s economic outlook. Meanwhile, South Korea faces rising political tensions, and a major U.S.-Japanese corporate merger remains blocked. This week will also bring purchasing managers ...

December 31, 2024

Market News

Crypto

US Treasury Reports Major Incident: Chinese Hackers Steal Sensitive Documents in Security Breach

Chinese state-sponsored hackers recently infiltrated the U.S. Treasury Department, stealing unclassified documents from its workstations. This breach occurred through a compromise of BeyondTrust, a third-party cybersecurity provider that managed technical support for the Treasury. The hackers accessed a digital key, allowing them to bypass security measures and remotely access sensitive information. The Treasury was notified ...

December 27, 2024

Market News

Crypto

Bitcoin Price Could Surge to $1 Million Next Year: Insights from Bitwise Executive on Market Factors Driving Growth

Jeff Park from Bitwise Invest suggests that Bitcoin’s price could soar to $1 million if the U.S. establishes a Bitcoin reserve. He believes this scenario is plausible for 2025 but only expects a modest 10% federal reserve next year. This idea gained traction after Senator Cynthia Lummis proposed a bill for the U.S. Treasury to ...

December 16, 2024

Market News

Crypto

Donald Trump Eyes $200 Billion US Treasury Fund for Bitcoin Reserves: A Bold Financial Move Explained

Donald Trump is reportedly considering an Executive Order to create a Strategic Bitcoin Reserve (SBR) through the Treasury’s Exchange Stabilization Fund. This fund, which has over $200 billion in assets, is usually used to stabilize the dollar during financial crises. If enacted, this move would put the U.S. at the forefront of a global trend ...