Biden to Name Fed Vice Chairwoman Lael Brainard as Top Economic Adviser: Bloomberg

U.S. President Joseph R. Biden will name Federal Reserve Vice Chairwoman Lael Brainard as his top economic adviser, with an announcement to come as soon as Tuesday, Bloomberg News reported on Monday, citing people familiar with the matter. The White House and a Fed spokesman declined to comment on the move, and Brainard could not be reached, according to Bloomberg. Brainard has a focus on crypto as the sector founders, CoinDesk reported on July 8, 2022. (Coindesk)

Get the latest news here: Cointime channel—https://t.me/cointime_en

Biden

Original Link

Comments

All Comments

Recommended for you

CointimeSG ·

GCEX Expands Crypto Custody Solutions With New Hex Trust Service

The prime broker launched the Secured Accounts service to enhance institutional digital asset protection in the EU and UK. Both companies have been working closely together for 3 years, recently presenting staking services.
CointimeSG ·

FD Technologies Posts Wider Loss, Debt Surges 84% Before First Derivatives Sale

The company reports a challenging 6 months, with revenue down 7% to £118.2m and adjusted EBITDA falling 26% to £10.5m. FD Technologies recently announced its plan to sell its First Derivative business to EPAM Systems for £230 million.
CointimeSG ·

How Q Protocol is changing the future of blockchain governance: Report

Cointelegraph Research delves into Q Protocol’s unique governance framework, which combines onchain mechanism with legal agreements.
CointimeSG ·

Movement developers plan token generation event on Ethereum ahead of mainnet launch

The Movement blockchain project has introduced its native MOVE token with a supply of 10 billion tokens. MOVE will initially be launched as an ERC-20 token during a token generation event on Ethereum.
CointimeSG ·

Crypto Banking in the UAE: The Path to Licensing and Compliance

Companies must meet several financial and operational criteria, such as minimum capital requirements and maintaining liquid assets. The licensing process can take between 4 to 12 months and involves significant costs.
CointimeSG ·

Canadian wellness firm approves plan to add $1M of Bitcoin to treasury

Jiva Technologies CEO Lorne Rapkin said the move to add Bitcoin to the treasury is “a unique opportunity to strengthen our treasury with a resilient and innovative investment.”
Cointime August 11st News Express

1.Fed Governor Bowman: Be cautious about rate cuts
Cointime August 4 News Express

1.Jump Trading is redeeming 120,000 wstETH in batches into ETH and then transferring it to CEX
Jump Trading is redeeming 120,000 wstETH in batches into ETH and then transferring it to CEX

According to the monitoring of on-chain analyst Yu Jin, Jump Trading may be selling ETH: they are currently redeeming a wstETH (120,000 pieces) worth $410 million in batches into ETH and then transferring it to exchanges such as Binance/OKX. So far, they have unpacked and redeemed 83,000 wstETH into 97,500 ETH in the 9 days since July 25. Among them, 66,000 ETH (191.4 million US dollars) have entered the exchange.At present, there are still 37,600 wstETH in their wstETH storage address that have not been transferred out; 11,500 stETH in the redemption ETH address is being redeemed into ETH; and 20,000 ETH in the ETH transfer address to the exchange are waiting to enter the exchange in batches.
Trump team files complaint over Harris inheriting $96 million in Biden campaign funds

According to reports from foreign media, the Trump campaign team has filed a complaint with the Federal Election Commission, claiming that Biden's transfer of $96 million in campaign funds to Harris is illegal. David Warrington, a lawyer for the Trump campaign team, said that this was a "shameless money-grabbing act" and would constitute the largest excessive donation and most serious violation in the history of the Federal Election Law. Shortly after Biden withdrew from the election and appointed Harris as his preferred successor, she took over Biden's campaign committee's bank account. Steve Roberts, a lawyer who represented Republican candidates, said that the argument against the transfer was a "wishful thinking" of his Republican colleagues. The Harris campaign team said that this complaint would not affect its fundraising or spending.