Crypto-friendly Wyoming Senator Cynthia Lummis has expressed significant concerns about the crypto track records of President Joe Biden’s nominees to head up the Federal Reserve for its next term, current Fed chair Jerome Powell and Fed governor Lael Brainard. As a result, she is likely to oppose the nominations and rally other Senators against them unless the Fed addresses her … [Read more...] about Sen. Lummis Likely to Oppose Powell’s Fed Nomination on Crypto Grounds
Crypto
Meta Relaxes Crypto Ad Policies
The tech giant splits crypto companies into two categories depending on whether prior written approval is needed to list ads. Tax services, news outlets and education sources related to crypto don’t need prior approval, nor do crypto wallets that only allow users to store assets without buying and selling. Crypto exchanges and trading platforms, full-service crypto wallets and … [Read more...] about Meta Relaxes Crypto Ad Policies
Crypto CEOs to Testify Before House Financial Services Committee
FTX Sam Bankman-Fried, Circle’s Jeremy Allaire, Bitfury’s Brian Brooks, Paxos’ Charles Cascarilla, Stellar Development Foundation’s Denelle Dixon and Coinbase CFO Alesia Haas will speak at the session entitled Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States. Source link … [Read more...] about Crypto CEOs to Testify Before House Financial Services Committee
Crypto News Roundup for Dec. 1, 2021
This episode is sponsored by Kava, Nexo.io and Market Intel by Chainalysis.Today's Stories:First Mover Asia: Bitcoin Rally Stalls After US Central Bank Chair’s Comments; Ether RisesEuropean shares rebound after Omicron and Powell rattle marketsStock Futures, Oil Rise, Pointing to More Seesaw Moves on Omicron UncertaintyTransitory inflation blues: Don’t ask Jay and the band to … [Read more...] about Crypto News Roundup for Dec. 1, 2021
What Crypto Lender Celsius Isn’t Telling Its Depositors
In its terms of use, Celsius reserves the right to re-hypothecate customers’ assets, but it’s ambiguous whether the passage refers solely to depositors’ funds or to borrowers’ pledged collateral as well. “In consideration for the rewards earned on your Account and the use of our Services,” the document says, “you grant Celsius the right … to pledge, re-pledge, hypothecate, … [Read more...] about What Crypto Lender Celsius Isn’t Telling Its Depositors