4 Burst results for "Us Department Treasury"
Simply Bitcoin
A highlight from Parker Lewis | Why Bitcoin is Inevitable | Simply Bitcoin IRL
"Hello everybody, welcome to another episode of Simply Bitcoin IRL. Today we have a very special guest and someone who I've been looking forward to have on the show for the first time, Parker Lewis. But before we start the show, I want to give a very special shout out to the Bitcoin company that makes this show possible, Swan Bitcoin, best place to build your Bitcoin stack, it's being built by Bitcoiners, it's for Bitcoiners, they incentivize dollar cost average and they incentivize self -custody, definitely check out swanbitcoin .com today if you haven't already done so. Alright everybody, no more delay, let's jump straight into it, let me bring Parker up on stage. Hey Parker, how you doing? Doing well, glad we could finally get together to do this and sorry it took me so long to be here but I'm very excited. Well no dude, I'm a super fan of your work and your essays, some of them that I remember you dropped while you were at Unchained and it really, really made me kind of rethink about, there was this piece, basically it was called The Great Definantialization, sorry English is my second language. It's a word I made up I think, so it's not readily available. But it was, it explains a lot, it explains a lot, right? It was very, very kind of influential in my perspective of the world and my Bitcoin journey as well. But before we get into all of that, I really want to ask you about what's your take on the ruling FASB's today in terms of, basically this was one of the three things that Michael Saylor said would be necessary in order to take Bitcoin to the next level. So what's your take on that? Yeah, I mean I think that it's, one it's a very logical move, it was a no brainer. I think that I didn't read too much about it today but I did see the news and I believe the vote was unanimous, I'm not sure exactly how many votes there are, but that it was very clear that it was the right thing to do. I think that it reduces a source of friction without doubt, Michael Saylor's talked about this quite a bit, but ultimately for those people who are not familiar, what the rule in certain types of companies, and there's different standards for public companies and private companies, but the standard that public companies had adopted was, I think it was treated as an indefinite life intangible, and effectively what that meant was that companies that held Bitcoin on their balance sheet would have to market it effectively the lowest value it had ever traded at, and basically impair the Bitcoin, and then as it traded back up they couldn't write the asset back up. And so what the FASB basically changed today was saying that companies could mark Bitcoin on their balance sheet at fair value. So as it goes down, they market down, as it goes up, they market up, rather than only marketing down and never marketing it up. I think the reality of the situation is that that does, I think, reduce some friction for some companies. I think if somebody was valuing a square who has Bitcoin on their balance sheet, or a micro strategy, they were probably looking past that and being like, okay, they disclose how much Bitcoin they have, how much is actually worth, so I think the market was probably treating it from a market, mark to market basis anyways, but I think for accountants and for finance departments, treasury departments that are considered about their borrowing basis and their balance sheets, there's certain things that are tested against their balance sheets. So I do think that it reduces friction, particularly for large companies, large public companies to putting it simplifies things for them. And yeah, and I have been following it for for for quite a while. Right. And it put them like in this kind of predicament, right, where they couldn't they couldn't accurately report a loss on the downturns. And it was it just became accounting. It was an accounting nightmare. So it de -incentivized companies to put Bitcoin on their balance sheet. Now, the other two things that Michael Saylor brought up, which would be major catalyst number one, was the Bitcoin spot ETF. Right. So we all know what's been going on with BlackRock in the news. We've been hearing it, you know, we hear rumblings coming out of the SEC, how, you know, it seems to me like they're running out of road, like they're running out of excuses. They can only delay this for so long. The grayscale lawsuit, you know, they got defeated there. So what's your take on this whole situation? Do you believe it's it's politically motivated from the SEC? Why do you think why do you think they're taking so long to approve a spot Bitcoin ETF? Yeah, I think that that I don't know if it's yeah, I guess in some way politically motivated or state motivated, I don't want to say politically motivated in the sense that I don't think it's one party versus another. I think it's more of the interests of the federal government and particularly the Fed Treasury impacting the SEC. And so I think that what I would say is it does feel like they're they're getting at the end of the road in terms of excuses and that the conventional wisdom with the likes of BlackRock coming in is that an ETF will get approved very soon. I'm someone who is just cautious around that. I think that there are very large, powerful interests that ultimately do not want Bitcoin to continue to even incrementally gain ground and kind of be a potential future threat to the dollar. I think that is ultimately what it is, not in a threat in a bad way, but in terms of competition, it's providing an option for people to opt out of endless fiat debasement like everybody is paying attention to Bitcoin is figured out. But that has consequences for the Federal Reserve, for the Treasury Department, for FinCEN. And I think that currently the SEC is basically the fall guy or the front man for other interests within the federal government that would rather not see Bitcoin proliferate via an ETF. And so even though typically BlackRock gets what BlackRock wants until an ETF is approved, I'm skeptical that it will happen in the short term. And I don't think people should necessarily or people should not be making investment decisions as to whether or not an ETF is or isn't going to get approved. Like maybe it's inevitable in the long run, but Bitcoin replacing the dollar is also inevitable in the long run.
Bloomberg Radio New York
"us department treasury" Discussed on Bloomberg Radio New York
"Than the options we had taken then All options are on the table What we've done is that we've worked closely with our allies in Europe to make sure that we have a carefully designed set of sanctions that would have a significant impact on the Russian economy We have a shared goal in terms of respecting the sovereignty of Ukraine and in terms of standing up and ensuring that we have sanctions at the ready in case a Russian troop enters Ukraine U.S. department treasury secretary walleye yemo outlining the Biden administration's plan of action to sanction Russia the U.S. has put 8500 troops on alert for possible deployment This is Russia has as many as a 100,000 troops on the border near eastern Ukraine At the same time the Department of Homeland Security is issuing a warning that Russia could levy cyberattacks against the U.S. in retaliation warning that Russia could target critical infrastructure For more on all this I'm joined by general Keith Alexander the former commander of U.S. cyber command also the founder and co CEO of iron net general Alexander great to have your perspective on this Obviously cyberattacks from Russia the threat of them are nothing new What makes this time different Well I think right now president Putin is looking at his options of how do I take over eastern Ukraine It's clear that moving a 100,000 troops on the border is a significant statement by him that he's serious about this I think he's still weighing his options And I think what the president our president and Europe is trying to do is how do we keep him from going in Going into eastern Ukraine and doing what he did 8 years ago in Crimea I think that's what he's trying to do And I think he believes it's a good time to do it There's a lot of opportunity here And he's weighing the consequences Those increased sanctions and Europe and the United States coming together to do that versus him getting eastern Ukraine which he's always wanted So this has gone on for a while I think he's now putting a statement in It's a good opportunity from his perspective What's the cost What is the cost I think from my perspective the cost should be They've got NATO and the U.S. allied and Europe aligned on this I think we've got everybody leaning in it was a great move I think by the administration in Europe to start bringing in more oil from the Middle East into Europe I think that's a huge statement because that's a long time and during economic impact on Russia And it means that we can Europe can live without Russian oil and gas and here's how we're going to do it So I think that that's key What I worry about though as you mentioned this is that the attacks on Ukraine could just go in cyber like they did in 2017 And if you recall those not petya attacks impacted the world TEDx merch That destructive wiper virus caused a tremendous amount of problems for everyone We could see the same thing here and it could grow And my concern is this could get out of hand Cyber's an element of national power It's one element and as soon as it escalates we have a problem That's when I would be most concerned about from my former time What about when it comes to a possible cyberattack on the United States What would you be most concerned about there Is it an attack on critical infrastructure Is it attack on hospital records The power grid the supply chain Each one of those has different consequences from my perspective If you think about what are they going to hit There are devastating attacks that they could do against the energy the oil and gas sector Think Colonial Pipeline and a number of those Actions they could do against hospitals But if they do that against hospitals that has a different I think set with our people Going after energy and shutting down the pipelines the oil and gas What would that do to our will to engage That's the question You know what Russia is going to look at What can they do to impact the will of the American people And what can they do to impact the will of the European people in this conflict That will to fight that will to push back is something that we have to consider It could backfire They could think we're going to do this and it would backfire as it did in World War II So I think these are the things that we have to consider as you look at this Emily what it all comes back to is what Chris English talked about a few weeks ago and what they did in the solarium commission We have to now think about cyber as an element of national power How we're going to bring the public and private sector together to defend this nation and to work with our allies We've got to get that going What kind of cyber actions on the United States or Ukraine would lead the U.S. to retaliate And what kind of offensive cyber actions do you imagine the U.S. would take Well I think there's both covert and over operations and things that we do I'm sure they would consider all of those And really what the National Security Council would do is bring all that together They bring in general nakasone and the team and say what options do we have What can we do to respond What would we do diplomatically What we do do economically what can we do in cyber And what other actions can we and our allies take All of that comes up with a series of capabilities that the president and the principal committee would look at And taking all that together from my perspective you've hit some of the key things Critical infrastructure What do they do If you hit critical infrastructure and it causes significant damage to this country I believe it will not go without a response And what that response would be is where the president has a choice And the Secretary of Defense they get together to say what are we going to do And he should those the calculation has to go we don't want another war But we can't let people like president Putin just take over countries like they did Crimea And we are going to see multiple sites of this Emily We're seeing it in the Middle East and you're seeing it in Asia And this is a really tough time And I believe it's going to get worse All right We'll.
Geek News Central
"us department treasury" Discussed on Geek News Central
"Up. Table and apple told all the chips you know. You can't hit your number every time but When that seven comes up you're done using a little. Craps analogy alright talking about Craps and money the treasury's taking sanctions at aiming to block ransomware groups from cashing out. So the us department treasury is is basically sanctioning virtual cryptocurrency exchange selects s. u. e. x. For its role in facilitating ransomware. Pant payments the sanctions of the first of its kind against the cryptocurrency exchange prohibited americans from doing business with the company. It's delays action is part of the us government. Whatever ever to counter the riser ransomware including across agency tax force and a ten million dollar bounty for information on state-backed cybercriminals that has so far seen mixed results just this week. The black manner re ransomware group demand invite point nine million in ransomware from hacked iowa farm service provider but now that they had put the put the kabosh and being send this money through sue x. s. u. e. x. he may be a loss for that That company that's now facing you know a ransomware situation but this is going to really cut the flow of cash from coming back to them so it's being said sue his lauded. The move is a big win. A wait chanel asus. C. h. a. n. a. a. l. y. s. i. s. which aided the us vacation of suez has lauded move as a big win leaving the exchanges one of the worst offenders of cryptocurrency based money laundering and a blog post blockchain analysis. Firm said souks netted almost thirteen million dollars from ransomware operators like rocks and maize since exchange exchanges found in two thousand eighteen to analysis also said they changed gained more than twenty four million dollars from crypto skim operators so You follow the money. That's where that's where you that's where you go. And that's the power of the united states treasury is Is basic say. You can't send money. You can't do business through them and it really drives up the bill ability of these people to not be tracked. Amazon switching gears here amazon is envisioning a department store. Full of qr codes high-tech dressing rooms in a report apparently might be able to use qr codes request clothing to try on the report. Saying people in the matter journal said the tech giant's looking ways to combine the experience of shopping online and in a physical store customers able to request clothing tryon by using qr codes for example and could use a touchscreen it would also recommend additional items robots and other types of automation might also play a role in the store through the report. No the plants have not been finalized as company policy. We do not comment and rumors or speculation. Amazon spokesperson told cnn via email. Of course in august it's being reported amazon's planning open at thirty thousand square foot department store. Ohio and california sell items like clothes and electron ix. So you know you need. How have you bought shoes lately. You know. I like sneakers now. At for many many years. I wore nothing but Steel toe boots and for me. You know it's it's a joy now to be able to just wear sneakers and It's it's really hard when you have narrow feet to be able to to basically no it size to buy especially when it comes to shoes try shoes on walk around in you. Think you got the right size and then the later have warmth a little. I like man. Wish these a hapless is bigger. So i run into this issue all the time so with nyc. I know what size my shoe has been. Nyc might make use is a nine point. Five with nike shoes. I never went wrong with a nine point. Five attends too big too small. So when i go into a shoe store and requested nine point five and get a shoe and it's usually does. It's not the same. How come they can't get the sizes the same. It's like every hubei buy it's either. It's either one upper one down. So e sales must hate. Bring me a nine. Bring me a nine and a half and bring me a ten of the same shoe. That's what i have to do. I don't know about you same thing. How much time in money is being spent that guy gone back and forth back and forth. When it'd be just better you see issue you like. And in this instance scanning qr code and the robot brings you three boxes and you picked the one you want. You put the two back on you go. Yeah some of you like the experience of ask salesman looking at your feet i. I don't need a salesman can make beat i. I need but she's on. They feel good. Walk around looking at mir. You know you know busy being busy boom in and out now ladies. I know i know it's that doesn't work for you so much but for me that i know what i want. I know get out so maybe not only amazon. But why can't other companies adopt some of this. I'm sure what it is is. The technology costs is very very high and with marge's being very narrow. It's easier just to pay that. Have two or three people on staff that's running back and forth getting different shoes but if you think about labor that's all you need someone in the back stock. So amazon may be onto something here when it comes to close same thing. With with jeans. Like levi's i know my size most of the times for certain series of levi's betty go and you know you buy stuff online all the time and again is like it's too tight. It's to to short or i. Why can't companies get the sizing right that. That's what i want to know why this wh year we at twenty twenty one right. Most of the stuff is designed by computers now anyway we should have the measurements in sizes exact. It shouldn't run different from company to company. I know different ways different. Legs sizes all that stuff in seem. Yes i know. I know what my in seem is for. And what length pants i need. Get it done. Dell ceo michael dell wants love big ticket acquisitions but not anymore dell's ruled out major takeover some feature on insists focus on partnerships or product offerings. He said during analysis presentation livestream on thursday. So they've spent a bunch of money over the years billions of dollars buying things. Some failed some successful. Some weren't they say we're not doing that no more were doing partnerships so interesting That they're making that business. Move a lot of these. Big big deals. Don't end up so well you know. Look at look at the purchase of yahoo and you know.
WTOP 24 Hour News
Secretary of State Pompeo says hack was 'pretty clearly' Russian
"Cyber attack that has struck at least seven government agencies. Secretary of State Mike Pompeo was the first Trump administration official to publicly blame Moscow for the hack. He talked on the Mark Levin show. Significant effort to use a piece of third party software to essentially in bed. Code inside of US government systems and now appears systems of private companies and companies and governments across the world as well. This was a very significant effort on and I think it's the case, but now we can say pretty clearly. That was the Russians that engaged in this activity. The growing list of federal agencies compromised in the hack includes the State Department, Treasury, Homeland, Security, Energy and Commerce departments. As well as the National Institutes of Health. Where can you