Bitcoin Soars 5%, Why FED Powell’s Nomination Could Give It New Momentum
Bitcoin has experienced a rise in volatility during the weekend testing both critical support levels below $57,000 and major resistance above $59,000. The crab-like price action seems set to continue as holidays in the U.S. could reduce trading volume across the board. Related Reading | Why Hillary Clinton Thinks Bitcoin Undermines The U.S. Dollar As […]
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“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. Pennsylvania Senator Pat Toomey, one of the lawmakers who supported amending the language around crypto in the recently passed infrastructure law, said the United States should lead the world in the adoption of a central bank digital currency, or CBDC.In a Tuesday interview with Bloomberg's David Westin, Toomey said the U.S. dollar should have “the most....
In a 80–19 vote in the Senate, U.S. lawmakers confirmed Jerome Powell as the next chair of the Federal Reserve System, where he will also serve as a board member until 2028. The United States Senate has confirmed the nomination of Jerome Powell as the chair of the board of governors of the Federal Reserve System until 2026.In an 80–19 landslide vote on the Senate floor on Thursday, U.S. lawmakers confirmed Powell as chair of the Federal Reserve, a position he held from February 2018 until February 2022, when he was named chair pro tempore until a confirmation vote could be secured. Powell....
Texas Senator Ted Cruz is among a number of politicians and bankers that are opposed to the nomination of Saule Omarova. Resistance is mounting to U.S. President Joe Biden’s reported plans to tap a staunch banking and crypto critic to run the Office of the Comptroller of the Currency (OCC).The proposed nomination of law professor, Saule Omarova, to head the federal bank regulatory agency has raised eyebrows in political and financial circles as she is widely seen as anti crypto and anti big banks. Texas Republican Senator Ted Cruz has become the latest crypto ally to speak out, claiming....
In light of recent events, the Bitcoin Foundation will be holding an election for the vacant industry seat on the Board of Directors. Please feel free to see the blog post the Foundation put out today: Election for Vacant Industry Seat. The Bitcoin Foundation is holding an election for a vacant industry seat on its Board of Directors. Here's the overview: Nomination Deadline: April 7, 2014. To nominate, you must be an industry member of the Bitcoin Foundation. Become a member here. For this election, only Industry Members can nominate and vote for the Industry seat. See more specifics....
On Tuesday, November 24, 2015, Uhuru Kenyatta, the president of the Republic of Kenya, reshuffled his cabinet, dropping five cabinet secretaries and replacing them with new faces to give his government new impetus. Among the nominees is Joe Mucheru, who is a board member at Bitpesa, a Bitcoin exchange that leverages on mobile money services such as....