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Biden Nominates Powell For a Second Term as Fed Chair, Appoints Brainard Vice Chair
U.S. President Joe Biden has nominated Jerome Powell for a second term as the Federal Reserve chair, after much speculation that Fed Governor Lael Brainard could replace him to lead the central bank for the next four years. Brainard will be the Fed’s vice chair when the nomination is officially signed.
Rep. Tom Emmer on Introducing Bill to Modify Crypto Tax Provision in Infrastructure Law
A bipartisan group of U.S. lawmakers including Representative Tom Emmer (R-Minn.) introduced a bill last Thursday to amend the crypto-related provisions in the $1 trillion infrastructure bill, which U.S. President Joe Biden signed into law. Emmer shares his insights into the Keep Innovation in America Act and the wider U.S. crypto regulatory landscape.
Biden Nominates Jerome Powell for New Term As Fed Chairman
U.S. President Joe Biden has nominated Jerome Powell as Chairman of the Federal Reserve for a second term. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses what we know and what this means for future crypto regulation.
Korea Stands Firm on NFT Games; Laos Introduces Crypto Regulations
Bithumb approval sees Korea’s big four exchanges all fully licensed. Korea’s Game Rating and Administration Committee stands firm on NFT game ban. Laos issues new regulations for crypto miners and exchanges. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Powell vs. Brainard: Who Will Biden Nominate as Federal Reserve Chair?
“All About Bitcoin” Week in Review panel discusses the global macro factors to watch next week, including Biden's forthcoming Federal Reserve Chairman nomination. Will he reappoint Jerome Powell or replace him with Fed governor Lael Brainard? Plus, an update on the Kleiman v. Wright bitcoin trial, and the impact of Taproot upgrade which has now fully activated.
What's Behind Bitcoin's Dramatic Pullback to Lowest Level Since Oct. 13?
Bitcoin is bouncing back from its five-week lows Friday. Blockchain analytics platform CryptoQuant says the early drop was predominantly driven by traders taking short positions in the perpetual futures market. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
ConstitutionDAO Fails to Buy US Constitution in Sotheby’s Auction
ConstitutionDAO tried and failed to purchase one of 13 copies of the U.S. Constitution at Thursday’s Sotheby’s auction. The decentralized autonomous organization (DAO) ‘s $40+ million in ETH wasn’t enough to seal the deal and was ultimately outbid by another buyer for $43.2 million.
Macy’s Thanksgiving Day Parade Gets In on NFT Craze With Collectible Balloons
Macy's is releasing a series of parade-themed NFTs this Thanksgiving Day, with plans to donate the proceeds to charity. 9,500 NFTs will be sold through Sweet's NFT marketplace, built atop Polygon, featuring some of the parade's iconic, giant balloons dating to the 1920s. "The Hash" panel discusses the significance of the iconic Macy's Thanksgiving Day Parade marching its way to the blockchain.
Bitcoin Looking to Bounce Back From Low of Sub-$56K
Bitcoin is recovering to above $58,000 at press time from the low of $55,666 reached during the early European trading hours, the lowest level since Oct. 13. "The Hash" team discusses whether this could signal a bear market or just a healthy price correction.