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Law Decoded: India ponders going full China on crypto, Nov. 22–29
29.11.2021
The world's sixth-largest economy could adopt a hardline stance against decentralized cryptocurrencies as soon as this winter
US Senator Pat Toomey supports digital dollar, nomination of Powell as Fed chair
23.11.2021
“The idea of having a tokenized dollar that is capable of being exchanged on a peer-to-peer basis on a platform where developers can innovate and develop new products and services... I think there’s a strong case for that,” said Pat Toomey
Fed conducted 'policy sprints' around crypto assets to address regulatory clarity
23.11.2021
Government agencies are planning to adjust compliance standards on existing laws and regulations related to custody services, buying and selling crypto, crypto-collateralized loans, HODLing, and the issuance of stablecoins
After Overseeing the Largest Monetary Expansion in US History Biden Renominates Powell to Lead the Fed
22.11.2021
U.S. president Joe Biden revealed his intent on Monday to re-nominate Jerome Powell as the Federal Reserve chairperson. Major indices and stocks gained on the news that Powell will get a second term as the head of the central bank. Biden Chooses to Renominate Fed Chair Jerome Powell On Monday...
President Biden picks Jerome Powell to be next Fed chair
22.11.2021
During his time as Fed chair, Powell has said the agency was “working proactively to issue a CBDC” but was unlikely to support a blanket ban on crypto
Investments in BTC Keep Growing, in ETH - Dropping, MoonPay Valued at USD 3.4B + More News
22.11.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Investments in BTC Keep Growing, in ETH - Dropping, MoonPay Valued at USD 3.4B + More News
US Sentences Man to 3 Years in Prison for Operating Unlicensed Bitcoin Exchange Business
21.11.2021
A California man has been sentenced to three years in federal prison “for operating an unlicensed business that exchanged at least $13 million in bitcoin and cash, often for drug traffickers,” the U.S. Department of Justice said. He agreed to forfeit various assets, including seized...
‘Inflation in the News Driven by Rich People’ — Media Pundits Claim ‘Inflation Is Good’ as Americans Struggle With Less Purchasing Power
20.11.2021
Inflation in the U.S. has a large number of Americans worried about the future of their purchasing power as the cost of goods and services has continued to rise faster every month. Reports note that Americans are struggling to pay for child care, groceries, gasoline, lumber, healthcare supplies...
Federal Reserve Governor Argues Against Subjecting Stablecoins to Full Banking Regulation
18.11.2021
Federal Reserve Board Governor Christopher Waller says that stablecoins do not need to be regulated with all the same rules as banks. He disagrees with some of the recommendations on stablecoin regulation by the President’s Working Group on Financial Markets. He explained that while banks...
Let's Meet The Board Members Supporting Besieged Activision Blizzard CEO Bobby Kotick
18.11.2021
Activision Blizzard has had a nightmarish 2021, with historic allegations of harassment causing enormous upheaval at the company, several high-profile lawsuits and the departure (or firings) of many key executives and developers. You would think that this mess would fall at the feet of...
Fed Governor Waller praises stablecoins as a genuine innovation that makes the development of CBDCs redundant
17.11.2021
The total market capitalization of stablecoins increased five-fold in the past year alone
Big Four Accounting Firm Deloitte Forges Partnership With Ava Labs to Leverage Avalanche Blockchain
16.11.2021
On Tuesday, one of the Big Four accounting organizations, Deloitte announced a strategic partnership with Ava Labs, the team behind the blockchain network Avalanche. According to the announcement, Deloitte’s new cloud-based platform leverages Avalanche in order to “improve security...
As the Dollar’s Purchasing Power Drops, Janet Yellen Stresses ‘Pandemic Calls the Shots’ for the Economy, Inflation
16.11.2021
Inflation has continued to make the price of goods and services in America rise as the U.S. dollar’s purchasing power is not what it used to be. Meanwhile, the Obama administration’s former economic advisor, Larry Summers, recently told the press that “We’re going to...
Federal Reserve Governors Don’t See Reason to Issue Central Bank Digital Currency
16.11.2021
At least three Federal Reserve governors have said that they do not see a reason for the Fed to issue a central bank digital currency (CBDC). The Fed is currently putting together a report on a digital dollar to be released in the near future. Fed Governors Doubt Need for Digital Dollar Federal...
Bitcoin price dips under $60K as Dollar Strength Index reaches 16-month highs
16.11.2021
The greenback regained strength in hopes that stronger inflation data in the U.S. would revive a tighter monetary policy and after better-than-expected retail sales growth
Battlefield 2042 Removing 'Unintentional' Reference To Russia's War With Ukraine
15.11.2021
A skin in the new Battlefield 2042 will be renamed in the game’s next update after users pointed out that it had a lot in common with a group of Russian soldiers involved in the country’s annexation of parts of Ukraine in 2014.Read more
Coinbase Pushes for Single Crypto Regulator: CEO Says ‘We Have 53 Regulators in Just One Country, the US’
15.11.2021
Crypto exchange Coinbase has been meeting with a number of regulators to convince them that the U.S. should have just one federal regulator overseeing the crypto sector. Currently, there is a variety of different regulators in the U.S., CEO Brian Armstrong explained, noting that Coinbase...
US President Biden Nears Decision to Choose Fed Chair — Reports Indicate Toss-up Between Powell and Brainard
13.11.2021
Following the passing of the Biden administration’s infrastructure bill, the U.S. president appears to be nearing his decision on whether or not he will reappoint Jerome Powell, the current Federal Reserve Board chairperson. According to a few reports Powell may be chosen, but other reports...
US Faces More Inflation Woes as CPI Hits Highest Record in 30 Years
11.11.2021
U.S. inflation continues to roar higher as this week’s data from the consumer price index (CPI) jumped 6.2% from a year ago. Americans are concerned as the Federal Reserve has expanded the monetary supply like at no other time in history, suppressed the benchmark interest rate, and U.S....
Record-high inflation prompts investors to take a closer look at Bitcoin
11.11.2021
Cryptocurrency values are up, but so is the price of everything else in the United States! Investor curiosity in BTC grows as data shows U.S. inflation rose to a 30-year high