Kelly Loeffler, the CEO of the Bakkt cryptocurrency futures platform, is heading to the U.S. Senate, according to press reports. Loeffler's appointment to replace Sen. Johnny Isakson will give the cryptocurrency industry a strong voice in Congress, if it goes through over President Trump's wishes
Here’s a clue: if you’re going to teach North Korea how to use cryptocurrency to evade sanctions, don’t post your visa on Twitter. Particularly if the U.S. State Department has warned you not to go.
The Block and Binance were working on a potentially lucrative strategic partnership for more than a month, a source with knowledge of the negotiations told Modern Consensus. Then, on Nov. 21, the crypto news and research site published a story claiming that a police raid forced Binance out of its Shanghai offices. Not only was that wrong—at least about the police raid part—it enraged cryptocurrency exchange Binance’s billionaire CEO, Changpeng “CZ” Zhao. He promptly jumped on Twitter, telling his 450,000 followers that The Block’s story was a lie. There was no raid, he said, and Binance hasn’t had a Shanghai office for two years. During the four-day Twitter fight that…
Federal Reserve Chairman Jerome Powell poured cold water on the idea of a United States-issued central bank digital currency happening anytime soon. Responding to two Congressmen, Powell wrote, “it is not yet clear what additional value a general purpose CBDC could provide in the U.S.”