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Circle Asks US Fed Not to Step on Its Toes by Launching a Digital Dollar
25.5.2022
Circle Internet Financial weighs in to give a crypto industry view that the U.S. Federal Reserve should pass on launching its own digital dollar, arguing that it could strangle private-sector efforts such as Circle’s to manage their own dollar-based tokens
Billionaire Investor Bill Ackman Says Unless the Fed Aggressively Hikes Rates, Stock Market Could Crash, ‘Catalyzing an Economic Collapse’
25.5.2022
Billionaire hedge fund manager and founder of Pershing Square Capital Management, Bill Ackman, believes “inflation is out of control.” The investor thinks that if the Federal Reserve “doesn’t do its job” by applying “aggressive monetary tightening,”...
Bitcoin creeps toward $30K, but data shows bears in favor for Friday’s $1.8B BTC options expiry
25.5.2022
Traders are calling for a “relief rally” to $35,000, but derivatives data shows bears stand to profit from this week’s $1.81 billion BTC options expiry
First Mover Americas: Bitcoin Struggles to Hold $30K Ahead of Fed Minutes
25.5.2022
The latest moves in crypto markets in context for May 24, 2022
Low inflation or bust: Analysts say the Fed has no choice but to continue raising rates
24.5.2022
The Federal Reserve’s steady interest rate hikes have put stocks and crypto into bear market territory, but analysts worry about what happens if inflation still remains out of the “target range.”
Billionaire Ray Dalio Speaks in Davos — Says ‘Blockchain Is Great, but Let’s Call It Digital Gold’
24.5.2022
This week the world has been talking about the World Economic Forum (WEF) meeting in Davos, Switzerland, which started on May 22 and ends on May 26. At the event, Bridgewater Associates founder Ray Dalio spoke about today’s economy, the Federal Reserve, cash, and cryptocurrencies. Dalio...
Wall Street Says a Fed Digital Dollar Spells Destruction for Banks
24.5.2022
Wall Street bankers are arguing that the Federal Reserve launching its own digital dollar could crack the foundations of banking as we know it, according to letters that industry lobbyists sent to the U.S. central bank
Fed report finds most Americans who own crypto tend to be high income hodlers
23.5.2022
Only 12% of American adults used crypto in 2021, and the demographic gap between those who invested in it and those who used it in transactions was enormous
Fed Survey: 12% of US Adults Held Crypto in 2021
23.5.2022
It marks crypto’s first appearance in the central bank’s “Economic Well-Being of U.S. Households” survey
Altcoin prices briefly rebounded, but derivatives metrics predict worsening conditions
20.5.2022
Declining demand for Tether and negative futures premiums for altcoins reflect a growing disinterest from crypto investors
Biden's pick for Fed vice chair for supervision calls for congressional action on stablecoins
19.5.2022
Fed nominee Michael Barr said that the government agency potentially releasing a central bank digital currency was an issue that required “a lot more thought and study."
Fed Vice Chair Pick and Ex-Ripple Adviser Tells Senators Crypto Needs Regulation
19.5.2022
Former U.S. Treasury official and Ripple adviser Michael Barr fielded questions about crypto at his Senate nomination hearing
Bitcoin shakes of Fed volatility as analysts remain split on return under $24K
18.5.2022
Bitcoin could reach its highest since the Luna meltdown next, one trader argues, while others feel that the bottom is not yet in
Former Fed Chair Bernanke: Bitcoin Is Mainly Used in Underground Economy for Illicit Activities
17.5.2022
Former Federal Reserve chairman Ben Bernanke says the main use of bitcoin is “mostly for underground economy activities and often things that are illegal or illicit.” He added, “I don’t think bitcoin is going to take over as an alternative form of money.”...
Why the Fed Will Go Back to Easy Money
13.5.2022
Amid a recession and political paralysis, the Federal Reserve will have no choice but to revert to quantitative easing. What will that mean for cryptocurrencies like bitcoin?
US Senate confirms Jerome Powell for another four years as Fed chair
12.5.2022
In a 80–19 vote in the Senate, U.S. lawmakers confirmed Jerome Powell as the next chair of the Federal Reserve System, where he will also serve as a board member until 2028
3 reasons why bears aim to pin Bitcoin below $30K for this week’s BTC options expiry
12.5.2022
BTC price is in a freefall and data suggests bears plan to keep the price below $30,000 until the May 13 options expiry
US Lawmakers Push for Urgent Stablecoin Regulation — Fed Warns of Stablecoin Runs, Janet Yellen Cites UST Fiasco
11.5.2022
As U.S. lawmakers push for the urgent regulation of stablecoins, the Financial Stability Oversight Council (FSOC) and the Federal Reserve Board warn about the risks of stablecoin runs that threaten the country’s financial stability. Treasury Secretary Janet Yellen brought up the terrausd...
The Fed cites worries about stablecoin in its latest Financial Stability Report
10.5.2022
The report points out stablecoin’s possible low stress resistance and overuse in leveraged cyptocurrency trading, reiterates its position on CBDC
New Fed Report Repeats Warning About Stablecoin Run Risks as UST Loses Peg
9.5.2022
The U.S. government again named stablecoins as a potential threat to the stability of the financial system, with both the Federal Reserve and a senior Treasury official saying Monday that the tokens are vulnerable to runs