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- | Afp | Getty ImagesPresident-elect Donald Trump's pick to run NASA, Jared Isaacman, is a 41-year-old space enthusiast, who just months ago commanded the world's first all-civilian mission to reach orbit. "It's the biggest step toward crypto payments becoming mainstream that the industry has ever had," Wilson said. The crypto market, which was already red hot, has been on a more dramatic upswing since Trump's election win in November, which came alongside congressional victories for pro-crypto candidates. Blockchain-based payments company Ripple just launched its own stablecoin, RLUSD, and crypto custodian BitGo plans to follow. "Crypto started off as really focused on trading, and it's now made a big shift toward utility, specifically payments," said Armstrong.
Persons: Jared Isaacman, mission's, Donald Trump's, Isaacman, Trump, Jared, Alex Wilson, Pat Duffy, Bitcoin, outsized, Elon Musk, Wilson, Duffy, they're, Weeks, Shift4, Alex Wilson Duffy, Nilson, Emily Sands, stablecoins, It's, fintech Revolut, PYUSD, Tether's, Sheffield, Raj Dhamodharan, Ari Redbord, Redbord, Brian Armstrong, Crypto, it's, Armstrong, Musk, Issacman Organizations: Polaris, Polaris Program, Afp, Getty, NASA, New York Stock Exchange, ., Crypto, CNBC, Bridge Network, Visa, Mastercard, American Express, fintech, PayPal, U.S, Network, MTN, UST, Street, Department of Justice, TRM Labs, Capitol Hill, Vectron Systems, Card Industry Professionals, Island Ventures, Chartered, SpaceX, Senate, Bellagio Locations: Tortugas , Florida, Isaacman's, York, Central Park, U.S, Cuy Sheffield, Washington, America, Africa, Nigeria, Las Vegas, Italian
CNN —For more than two weeks, a cyberattack has disrupted business at health care providers across the United States, forcing small clinics to scramble to stay in business and exposing the fragility of the billing system that underpins American health care. It prevented some insurance payments on prescription drugs from processing, leaving many care providers effectively footing the bill without reimbursement. Health care groups have pleaded with the Department of Health and Human Services (HHS) to offer medical practices a financial lifeline. A week ago, Change Healthcare announced plans for a temporary loan program to get money flowing to health care providers affected by the outage. Tyler Mason, a spokesperson for Change Healthcare, declined to comment when asked if the company had paid off the hackers.
Persons: , Catherine Reinheimer, Mel Davies, ” Jesse Ehrenfeld, Reinheimer, Richard Pollack, Carter Groome, ” Groome, Tyler Mason, ALPHV, ” Ari Redbord, Joshua Corman, Corman, Organizations: CNN, Change Healthcare, Health, Department of Health, Human Services, Oregon Oncology, Healthcare, American Medical Association, US, Medical Group Management Association, Community Oncology Alliance, American Hospital Association, Justice Department, ALPHV, Labs Locations: United States, Philadelphia, UnitedHealth, Oregon
The US Treasury just made its strongest indication that a central bank digital currency is on the table. A US digital dollar, Liang said, would be legal tender and users could convert it one-for-one with other forms of central bank assets, like paper money or reserves. Redbord also believes the US must carefully evaluate the space, given that China is embarking on a similar digital currency program that's aimed at competing with the dollar. In her Wednesday speech, Liang differentiated between wholesale and retail digital dollars. The upside for a retail CBDC, meanwhile, comes from access, rather than technology, but could also destabilize private sector lending during times of duress, she added.
The U.S. has arrested a Russian national and founder of a cryptocurrency exchange on charges of allegedly laundering more than $700 million, the Department of Justice said Wednesday. Anatoly Legkodymov, the founder of Bitzlato, a Hong Kong-registered cryptocurrency exchange that touted its lax approach to verifying customers’ identity, was arrested in Miami Tuesday night. The Treasury Department also declared Bitzlato a “Primary Money Laundering Concern,” an extreme measure rarely used against financial institutions. “If the U.S. Treasury Department designates a financial institution as a ‘Primary Money Laundering Concern,’ the goal is to isolate them,” Redbord said. “Being cut off from the U.S. financial system, not being able to transact in U.S. dollars, is essentially a death sentence.”
Today's newsletter features my conversation with Invesco's global market strategist, Brian Levitt. After that, I've rounded up some of the very best stories from a busy week in markets, just for you. Invesco's global market strategist, Brian Levitt InvescoBrian Levitt is the global market strategist Invesco. What likely starts to happen as the Fed pauses with inflation coming down, the market starts to price in a new cycle. Read the 5 biggest takeaways from my conversation with Invesco's Brian Levitt.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEther drops, and court docs show SBF borrowed from Alameda to buy Robinhood stock: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Ari Redbord, the head of legal and government affairs at TRM Labs, breaks down where regulators made the most progress this year and what to expect in 2023.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSBF's lawyers will argue 'vigorously' for house arrest to be granted: Blockchain intelligence firmAri Redbord of TRM Labs discusses former FTX CEO Sam Bankman-Fried's extradition to the United States.
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