Ethereum News by Thebittimes.Com

Carlos Dada, the director of El Faro, a newspaper in El Salvador that has published investigations into the Nayib Bukele administration, has claimed that it has “received reliable information that the Salvadoran Attorney General’s Office is preparing arrest warrants for El Faro journalists.” El Faro had recently published a new series of videos reiterating and expanding reporting on Bukele’s negotiations with Salvadoran gangs, something that Bukele has been denying for multiple years.  The United States Treasury had reinforced the accusations of Bukele’s administration negotiating with gangs when it sanctioned officials from Bukele’s administration, alleging that the administration “provided financial incentives to Salvadoran gangs MS-13 and 18th Street Gang (Barrio 18) to ensure that incidents of gang violence and the number of confirmed homicides remained low.” “We have received reliable information that the Salvadoran...

In a Monday announcement, the US Treasury Department said it will be looking to borrow $776 billion in the final three months of this year. The announcement comes 10 days after the government said the fiscal 2023 budget deficit would be about $1.7 trillion. JUST IN: 🇺🇸 US Treasury to borrow $776 billion in the final three months of 2023. — Watcher.Guru (@WatcherGuru) October 30, 2023 In addition, the Treasury said it expects to borrow $816 billion between January and March 2024. Stocks lost some of their gains but still remained positive after the announcement. Also, treasury yields were mostly higher. In the previous July-through-September period, the department borrowed $1.01 trillion. Officials attribute the lower borrow ing needs to higher receipts, which were offset by greater expenses. The department said it expects to maintain a $750 billion cash balance for this current quarter and Q2 in 2024. Also Read: BRICS & Biden Agree...

Six individuals fighting the US Treasury to revert sanctions on Tornado Cash claimed in their latest filings that the Treasury doesn’t have the right authority to prohibit the platform. The plaintiffs filed their reply brief seeking to lift the sanctions on 24th May. advertisement Plaintiffs claim government overreach in sanctioning Tornado Cash Plaintiffs argued that sanctioning Tornado Cash unconstitutionally burdened speech under the First Amendment. Plaintiffs used the open-source software to protect their privacy. The sanctioning of the open-source platform is a violation of the fundamental rights of the US citizens, as per the filing. The plaintiffs also argued that these sanctions depend on assuming that anyone who happens to hold TORN is a member of a legally-recognized entity called “Tornado Cash,” which is factually wrong. The law that was used to sanction the crypto mixer says it can only block property. But, the legal de...