State Pennsylvania Financial News

With the opening ceremony of the Beijing 2022 Winter Olympics completed and all competing athletes currently in China, two members of Congress are warning of the potential dangers of using digital yuan at the events.

Senate Republicans on Thursday peppered the nominee to be the Federal Reserve's top banking watchdog with questions over whether she would steer the institution into climate change and other areas outside of its mandate.

The Wharton School, a premier business school at the University of Pennsylvania in the United States, officially accepts cryptocurrency as a payment method for blockchain courses through Coinbase exchange.

President Joe Biden will nominate Sarah Bloom Raskin to be the Federal Reserve's next vice chair for supervision, arguably the nation's most powerful banking regulator, according to people familiar with the matter.

“We made the commitment to be one of the top financial institutions serving commercial cryptocurrency and digital asset institutions and we understand all requirements, pitfalls and the possibilities for crypto customers,” states Sam Sidhu, president and chief executive officer of Customers Bank. “These clients require a financial partner that has the technology and agility to scale with their requirements throughout the entire ecosystem, not just in one or two aspects of their business.”Pennsylvania-based Cuustomers Bank signalled its intention to compete in the digital asset space in October, onboarding cryptocurrency firms as customers and launching a real-time crypto-to-USD payments platfrom utilising the bank’s own internal digital fiat token.Sidhu says: “Our investment in building out the best crypto and digital asset team signals we are a serious participant in this space and committed to this business line for the long term.

Bridgewater Associates named two new co-chief executives to head the world’s largest hedge fund on 3 January, after CEO David McCormick told staff he would be stepping down to consider running for the US Senate in Pennsylvania.

The head of the world’s largest hedge fund is eyeing one of Pennsylvania’s Senate seats. Private-equity executives are weighing congressional runs in New Jersey and Wyoming. Over a recent dinner with Nikki Haley, a Texas investor gamed out a political future that could include a run for senator.

The head of the world’s largest hedge fund is eyeing one of Pennsylvania’s Senate seats. Private-equity executives are weighing congressional runs in New Jersey and Wyoming. Over a recent dinner with Nikki Haley, a Texas investor gamed out a political future that could include a run for senator.

On Friday, Virtue Gaming, a decentralized online poker platform built on the Ethereum (ETH) blockchain, launched the first play-to-earn digital poker casino in the United States.

Pennsylvania Senator Pat Toomey, one of the ranking members of the Senate Banking Committee, has suggested Congress step in with legislation should the Securities and Exchange Commission (SEC) be unable to provide sufficient guidance on cryptocurrencies.

Pennsylvania Senator Pat Toomey, one of the lawmakers who supported amending the language around crypto in the recently passed infrastructure law, said the United States should lead the world in the adoption of a central bank digital currency.

A 22-foot-high floodwall was supposed to protect Aqua Pennsylvania’s water-treatment facility near the Schuylkill River from a 100-year storm. But when the remains of Hurricane Ida barreled through the area near Philadelphia in September, the 18-inch-thick wall proved no match for the record rains.

Crypto adoption scores another win with the Ivy League University of Pennsylvania, but there’s a catch.