New Fed banking chief targeting crypto and climate change as top priorities

New Fed banking chief focusing on crypto and local weather change as high priorities

President Joe Biden will nominate Michael Barr to be the Federal Reserve’s high regulator in control of large banks. Barr, who served as assistant Treasury secretary for monetary establishments in the course of the Obama administration, seen right here at a Treasury Division assembly in Washington, D.C. on Nov. 30, 2010. The Federal Reserve’s new…

Read More
Crypto Lender Celsius Misled Investors, Vermont Regulator Says

Crypto Lender Celsius Misled Buyers, Vermont Regulator Says

Celsius Community Ltd., the bankrupt cryptocurrency lender, could have hidden its monetary bother from its traders and “engaged within the improper manipulation of the worth” of the platform’s tokens to spice up the corporate’s stability sheet and financials, in response to a brand new court docket submitting. The Vermont Division of Monetary Regulation submitted the…

Read More
Opinion | Ethereum cut its environmental impact. But crypto has more challenges.

Opinion | Ethereum lower its environmental influence. However crypto has extra challenges.

It has now been virtually 14 years since bitcoin, the primary decentralized cryptocurrency, launched in January 2009. Ever since, we’ve got had a vigorous debate between early adopters proclaiming that crypto was the longer term, and skeptics (together with me) declaring that crypto had quite a lot of disadvantages in comparison with good old school…

Read More