USA
Here’s why Minnesota rep Tom Emmer thinks the Federal Reserve is unfit to issue a CBDC
Tom Emmer has previously shown a preference for a decentralised digital currency as it would uphold user privacy and retain the elements of cash The US representative for Minnesota’s 6th congressional state, Tom Emmer, revealed yesterday that he intends to introduce new regulations around crypto. The proposed law from Emmer, who had hinted of it a day earlier, would bar the Federal Reserve from conducting any activity as a retail ban. In effect, it would prevent the Fed from issuing a central bank digital currency directly to consumers in the US. He insisted that unlike other countries, such as China, that have developed tokens lacking the “benefits and protections of cash,” a US digital currency should guarantee privacy to users and retain the US dollar’s hege...
Best travel books 2022: our top 10 picks
From a grumpy hiker’s outing in the mountains to the isolated shores of North Sentinel Island, we list the best travel books 2022 Travel memoirs are tricky beasts. In theory, 400 pages about someone else’s trip isn’t exactly appealing – like a protracted version of Jenny from Accounting’s week-long trip to Tuscany. In reality, travel memoirs can be entertaining, illuminating, funny and heartbreaking. Our best travel books 2022 include one man’s look at slavery and racism in the oldest city on the Mississippi River; a mother’s attempt to escape poverty by tracing whales to Alaska; and a historian’s portrait of the most isolated tribe in the world. These books not only reveal new and strange places, they expose curiosities closer to home. Most importantly, they encourage us all t...
El Salvador’s Nayib Bukele predicts Bitcoin to hit $100k this year
Bukele, a Bitcoin proponent, also said he expects to see two other countries take up Bitcoin as legal tender this year Nayib Bukele’s Bitcoin campaign soldiers into the New Year, with the El Salvador President giving his predictions on the coin yesterday. Though most of the predictions were seemingly quite bold and ambitious, Bukele has never been irresolute in his belief in Bitcoin. The El Salvador president said he expects Bitcoin to notch a price point of $100,000 this year and that two additional countries would adopt it as legal tender. His country, El Salvador, became the first and sole country in the world, so far, to assume the use of Bitcoin as an accepted official currency at the beginning of September last year. The move was plagued with criticism and technical hitches, bu...
How the Democratic Party didn’t stop worrying and fearing crypto in 2021
As 2022 is kicking off, America nears the first anniversary of Joe Biden’s presidency. Following the tenure’s ambitious start, the last few months witnessed some serious tumult around the overall health of the United States economy, the administration’s handling of the COVID-19 pandemic, and the tense debate around Biden’s opus magnum — the $1.7 trillion Build Back Better infrastructure legislation plan. But even as the Democrats’ ability to maintain undivided power after the 2022 midterm elections can raise doubts, the party’s prevailing view of crypto has become more consolidated than ever. The incumbent president’s party will be setting the tone of the regulatory discussion for at least three more years, so a thorough look at the fundamental premises and potential directions of its emer...
Senate hearing on stablecoins: Compliance anxiety and Republican pushback
On Dec. 14, the United States Senate Banking, Housing and Urban Affairs Committee held a hearing titled “Stablecoins: How Do They Work, How Are They Used, and What Are Their Risks?” The testimonies, both spoken and written, focused largely on the last two issues, as anxieties over Know Your Customer compliance and the U.S. dollar inflation threat dominated the discussion. Held less than a week after the House of Representatives Financial Services Committee’s hearing on digital assets, which was generally perceived as “constructive”, the meeting held by the Banking Committee was expected to be tough. Senator Sherrod Brown, a Democrat from Ohio who chairs the Committee and had called the hearing, is infamous for his critical stance on the crypto industry, and the November report from Preside...
US Fed Chair says cryptocurrencies aren’t a danger to country’s financial stability
While speaking at a press conference after the recent Fed interest rate decision, the Fed Chair Jerome Powell said that cryptocurrencies are currently not a danger to the country’s financial stability. He however noted that there should focus should shift to monitoring and controlling cryptocurrencies. Jerome Powell has served as the Federal Reserve Chair since 2018 and is likely to serve for a second term following a positive backing by President Joe Biden. Powell and his vice chair Lael Brainard have shown enthusiasm on ensuring that cryptocurrencies do not cause financial instability. Powell actually did express his reservations about cryptocurrency industry despite saying that it does not pose any risk at the moment. He stated that cryptocurrencies are speculative assets “ris...
20 most beautiful mountains in the US
The most beautiful mountains in the US are a contentious subject, for this is a land that brims with beauty. We scoured the states and whittled them down to a list of 20 Legendary climber Reinhold Messner said that there are three rules of mountaineering: “It’s always further than it looks. It’s always taller than it looks. And it’s always harder than it looks.” Messner was the first person to climb all 14 eight-thousander mountains and has undoubtedly seen the ugly side of the world’s most beautiful mountains. Thankfully, those of us less alpine inclined can observe these peaks from afar. Most of us might content ourselves with the most beautiful mountains in the US instead. To help get you started, we’ve whittled our favourites to a list of 20. Most beautiful mountains in t...
Law Decoded: A different Congress hearing, Dec. 6–13
The biggest regulatory story of the week was a United States House Committee on Financial Services hearing squarely focused on crypto. Even the event’s title — “Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States” — conveyed a different vibe than countless previous Congressional meetings that had been first and foremost about investor protection or security risks or threats to financial stability. Judging from reactions from many industry participants and experts, the exchange has been received as an overwhelming net positive, with legislators asking informed questions and otherwise acting like their goal was to understand this new thing rather than act on preconceived notions. Of course, there were tired qu...
United States vs Mexico – CONCACAF Gold Cup Final 2021 Preview, Head To Head & Predicted Line-ups
Allegiant Stadium is the venue as the United States and Mexico go head-to-head in the 2021 CONCACAF Gold Cup grand final on August 2, with VwinSportsVN and other bookmakers heavily favouring Mexico to lift the trophy. Gyasi Zardes’s 86th-minute goal fired the USMNT past Qatar last time out, setting up their 13th Gold Cup final appearance. In the meantime, Mexico squeezed past a stubborn Canada side in the other semi-final, with Atletico Madrid star Hector Herrera unlocking the tie in the most dramatic fashion. United States Preview The United States defeated reigning Asian champions Qatar 1-0 in the semi-finals to stroll into their three consecutive Gold Cup grand final, having won all five matches at the tournament by an aggregate score of 10-1. Confidence must be brimming within th...
Mexico coach: Victory vs Nigeria good test ahead Concacaf Gold Cup
Gerardo Martino, Technical Director of the Mexican national team, has described the win against the home-based Eagles as a good test for his side ahead of this year’s Concacaf Gold Cup. A brace from Atletico Madrid midfielder Hector Herrera and a goal each from Jonathan Dos Santos, former Barcelona forward and Rogelio Funes Mori, earned Mexico a comfortable 4-0 win in Los Angeles, USA, in the early hours of Sunday. Speaking at a virtual press conference, the former Barcelona coach said: “It always gives peace of mind, especially since we are on the eve of a very important tournament for us. “Recovering feelings of the game and scoring goals, gives a greater margin of tranquility, this is a friendly match, it has been a good test and a good way to introduce ourselves into what is to come.” ...
Asisat Oshoala, Onome Ebi join Super Falcons for Portuguese showdown
Officials have disclosed that skipper Asisat Oshoala and experienced defender Onome Ebi have overcome visa hitches and should feature for the Super Falcons against Portugal Sunday in continuation of the Summer Series in Texas, USA. Both players missed the Falcons opening game against Jamaica, which the African champions lost 1-0 Thursday. Belarus-based central defender Ebi, for one, will be expected to bring her vast experience to bear on a defence that coach Randy Waldrum described as “disorganised” against the Reggae Queens of Jamaica. Waldrum said Ebi and Ohale were the main anchors of the Super Falcons back four. The Falcons have suffered several withdrawals for this invitational tournament due to injury and visa hitches. Get more stories like this on Twitter You Deserve to Make Money ...
Tyson Fury: I will still fight Anthony Joshua this year
Tyson Fury has insisted that he still intends to fight Anthony Joshua this year despite committing to a trilogy fight against Deontay Wilder in July. Only last weekend, Fury announced that his much-anticipated heavyweight showdown with Joshua would take place in Saudi Arabia in August. Soon afterwards, however, Wilder won an arbitration hearing which ruled that Fury was contractually obliged to fight him for a third time. Fury’s first bout against Wilder came in December 2018 and ended in a controversial draw. In the rematch last year, the self-styled Gypsy King stopped his opponent in round seven to win the WBC heavyweight and Ring magazine titles. A planned trilogy fight was initially postponed by the coronavirus pandemic, before disputes over the rescheduling saw Fury declare that he’d ...
