US puts GDP data on the blockchain in Trump crypto push

The US government on Thursday began distributing gross domestic product data on public blockchains, marking the latest Trump administration endorsement of the crypto industry. The move, as described by Commerce Department officials, will create another avenue — not a replacement — for publishing the economic data. The Department published what it described ...

The U.S. Department of Commerce has turned to cryptocurrency exchange Kraken to support a new initiative that will put gross domestic product (GDP) data directly onto public blockchains. Announced by President Donald Trump and Commerce Secretary Howard Lutnick, the plan marks the first time a G7 country will use blockchain to distribute official economic ...

Cryptocurrencies were rallying on Wednesday, with ethereum (ETH-USD) continuing to lead the charge, rising more than 2.5%, among the major cryptocurrencies, while bitcoin (BTC-USD) and Ripple's XRP (XRP-USD) also rose. Ether, the native token of the Ethereum blockchain, has staged a stunning comeback this year, surging more than 200% from April lows ...