Treasure

Bitcoin sinks after Treasury Secretary Bessent says US government can’t tell banks to bail out crypto

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Bitcoin sinks after Treasury Secretary Bessent says US government can’t tell banks to bail out crypto

Bitcoin (BTC-USD) fell 2% on Wednesday to around $73,000 per token after Treasury Secretary Scott Bessent suggested that the US government will not bail out the cryptocurrency. In a heated back-and-forth hearing during a House Financial Services Committee hearing, Bessent was asked if the US Treasury had the authority to buy bitcoin or other cryptos. … Read more

US sanctions network recruiting Colombians to fight in Sudan

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US sanctions network recruiting Colombians to fight in Sudan

Dec. 10 (UPI) — The United States has blacklisted a network of four Colombians and four entities accused of recruiting former Colombian military personnel to fight in Sudan’s civil war. The sanctions were announced on Tuesday by the US Treasury, which said the network was helping the Rapid Support Forces, a breakaway paramilitary unit that … Read more