Biden is considering law professor, Fed president, and former CFPB director to fill 3 seats on Federal Reserve: Report

The White House has reportedly begun interviews with possible candidates to fill the empty seats on the board of governors of the Federal Reserve System in 2022.  According to a Wednesday report from Bloomberg citing people familiar with the matter, U.S. President Joe Biden is considering qualified candidates including Federal Reserve Bank of Atlanta President Raphael Bostic, former Consumer Financial Protection Bureau director Richard Cordray and Duke University law professor Sarah Bloom Raskin to take over positions from Fed board members leaving in early 2022. Others under consideration reportedly include…

NFT sales aim for a $17.7B record in 2021: Report by Cointelegraph Research

In 2010, if someone had told you that Internet memes, digital artwork and Twitter avatars would sell for hundreds of thousands of dollars, would you have believed them?  Well, these are nonfungible tokens, or NFTs, in a nutshell. NFTs are driving blockchains toward uncharted territory on the backs of cute kitties and pixelated punks. What may appear to be a shroud of speculation over pointless collectibles is actually the clouded horizon of fintech innovation. NFTs represent a turning point. Blockchain technology is now being used to represent assets beyond the…

Indonesia’s Central Bank Wants to ‘Fight’ Crypto With CBDC: Report

Indonesia is considering developing a central bank digital currency (CBDC) as one way to counter the use of cryptocurrency in the country. Juda Agung, an assistant governor of Bank Indonesia, said in parliament that a digital rupiah would address the effect crypto trading has on the financial system, Bloomberg reported Tuesday. “A CBDC would be one of the tools to fight crypto,” he said. “We assume that people would find CBDC more reliable than crypto.” Indonesia’s central bank announced its intention to develop…

Jack Dorsey plans to step down as Twitter CEO: Report

Twitter chief executive officer Jack Dorsey is reportedly planning to resign his position at the social media firm. According to a Monday CNBC report, Dorsey is expected to step down as the CEO of social media giant Twitter, which he helped co-found in 2006. It’s unclear if Dorsey plans to leave Twitter behind to focus on operations at Square and the platform’s initiative to develop a decentralized Bitcoin (BTC) exchange. I love twitter — jack⚡️ (@jack) November 28, 2021 Related: Jack Dorsey discusses plans to build a decentralized exchange for…

Jack Dorsey Expected to Step Down as Twitter CEO: Report

Jack Dorsey, the bitcoin-friendly CEO of Twitter, is expected to step down from his position as head of the social media giant, according to CNBC. CNBC reported Monday that Dorsey is expected to step down as CEO of Twitter, according to sources. Dorsey is a well-known fan of bitcoin, having initiated several projects involving the crypto both through Twitter and through payments company Square, of which he is also CEO. This is a developing story and will be updated. Source

SK Telecom Spinoff Acquires $75M Stake in Crypto Exchange Korbit: Report

An investment company spun off from South Korean telecoms provider SK Telecom has acquired a 35% stake in crypto exchange Korbit worth 90 billion won ($75 million). According to a report by Korea JoongAng Daily, SK Square became Korbit’s second-largest shareholder behind NXC, the owner of video game company Nexon. SK Square and Korbit will explore opportunities for integration between their respective metaverse platforms, or shared virtual environments. Korbit, one of Korea’s largest crypto exchanges, also aims to use the investment to enhance its services to make for a more…

Tanzania Plans to Launch CBDC After eNaira Launch: Report

Tanzania is preparing to launch a digital form of its local currency, the Tanzanian shilling, the governor of the Bank of Tanzania said, according to a Bloomberg report. The country will follow in Nigeria’s footsteps and launch its own digital currency, Florens Luoga, announced last Thursday. Nigeria launched its eNaira in October this year, making it the first African country to issue its own digital money. Luoga said that the move to launch a central bank digital currency (CBDC) is to ensure that…

Indian Crypto Unicorn CoinDCX Plans to IPO Once Regulations Permit: Report

CoinDCX, India’s first crypto unicorn, plans to go for a listing, once regulations permit it do so, co-founder Neeraj Khandelwal said in an interview with Bloomberg Television on Monday. India’s crypto industry is facing serious regulatory uncertainty, thanks to a proposed bill that plans to ban most forms of private cryptocurrencies. The proposed bill dampened expectations that the government’s legislative proposal would support a more friendly stance towards crypto, in light of growing adoption in the country. However, CoinDCX remains hopeful about its initial public offering (IPO) plans and thinks…

Report Shows Ethereum, Litecoin, Solana ETPs Outperformed Bitcoin Investment Products in November – Bitcoin News

Cryptocompare, the firm that provides institutional and retail investors with real-time and historical cryptocurrency data, has published the firm’s November 2021 Digital Asset Management Review. The report covers crypto exchange-traded products (ETPs), and recent findings show alternative crypto asset investment products are outperforming Bitcoin ETPs. Ethereum-Based Investment Product Trade Volumes Increase Every month Cryptocompare publishes a research report that covers the cryptocurrency investment product landscape. The investment products are ETPs tethered to today’s top crypto assets globally such as Grayscale’s GBTC and ETHE funds. Cryptocompare’s Digital Asset Management Review November…