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“# Opposition mounts to Biden’s OCC pick, fears she could ‘regulate crypto into oblivion’ ” 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…
“# Biden to nominate anti-crypto and anti-big bank law professor to run the OCC ” The Biden administration reportedly intends to nominate Kazakhstani-American attorney, academic and former policy advisor Saule Omarova to head the Office of the Comptroller of the Currency (OCC) — the institution that oversees the U.S. banking sector. Omarova has levied criticisms…
“#Former Army Ranger’s app will deliver alcohol to your door” A U.S. Army Ranger who gave up his military dream after he was caught driving drunk, wants to help keep the party going — without anyone having to get behind the wheel. Cardia Summers, 29, is founder and CEO of Cheers, a New York-based startup…
“# Finance Redefined: DeFi’s $4M lobsters and Solana gaming, Sept. 6–10 ” Welcome to the latest edition of Cointelegraph’s decentralized finance, or DeFi, newsletter. In a week where the crypto market bears returned for blood, DeFi enlisted an army of lobsters to fight its feuds. While we ponder a feasible battleground for that mammalian–invertebrate combat,…
“#Cryptocurrency market tops $2T as bitcoin price surges” The total value of the entire cryptocurrency market shot past $2 trillion over the weekend for the first time since May, fueled by a renewed surge in the price of bitcoin and other digital coins. The price of bitcoin rose higher than $48,100 at one point on…
“#Square shares tumble after it announced $29B Afterpay deal” Shares of financial services company Square tumbled almost 5 percent in premarket trading Monday after it announced a $29 billion deal to acquire “buy now, pay later” firm Afterpay. Square, which is helmed by Twitter boss Jack Dorsey, announced the all-stock deal on Sunday evening. Shares…
“# $7B investment firm recommends crypto to beat currency debasement ” Contrarian investment firm, Horizon Kinetics, is advising investors to seek exposure to crypto assets amid mounting global economic challenges. Speaking to the Financial Times, Horizon’s co-founder Peter Doyle warned that the coronavirus pandemic and growing debt will usher an inflection point for the world…
“#How Robo-Advisors Help You Ride Out the Investment Roller Coaster” New tools help emotions from getting in the way of smart financial decisions RBC InvestEase is designed for millions of Canadians in the same boat: They have some money saved and sitting in a (low-risk, low-gain) savings account. They know investing would be wiser, and…
“# Tesla reports record $1B income for Q2 despite $23M impairment loss on BTC ” Electric vehicle and clean energy firm, Tesla, has reported $1.14 billion in net income for the second quarter. The firm’s July 26 earnings report showed that total revenue grew by 98% year on year (YOY) for Q2, increasing from $6…
“# DeFi projects face a painful dilemma right now as they seek ‘the holy grail’ ” Cryptocurrencies have garnered something of a reputation as being fast, dangerous and lethal for many — so much so that the average investor is scared of digital assets. The volatility that’s associated with this new asset class has also…