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 pulls out of Uefa Champions League deal

The settlement, value £428m over 5 seasons, is alleged to have fallen by on the “final second”, amid considerations about elevated crypto regulation. The cryptocurrency change web site was set to switch Gazprom after Uefa severed hyperlinks with the Russian vitality supplier over the conflict in Ukraine. The considerations are thought to narrate to potential…

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FASB Crypto Accounting Review Won’t Include NFTs, Certain Stablecoins

The Financial Accounting Standards Board (FASB) is excluding non-fungible tokens (NFT) and certain stablecoins from its cryptocurrency accounting review, the Wall Street Journal reported. On Wednesday, the U.S. board described its criteria for crypto assets that would be covered by a long-awaited rule for companies to account for and disclose their holdings of digital assets….

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EU Lawmakers Vote Down Green Crypto Mining Study

EU lawmakers on Thursday shot down a Green Party proposal to research alternatives to the proof-of-work (PoW) mining that underpins bitcoin (BTC). The Green Party effort followed an unsuccessful attempt by some members of the European Parliament to impose restrictions on the energy-intensive PoW consensus mechanism that some had characterized as a bitcoin ban. Ernest…

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