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Bitcoin Waits for Guidance From U.S. Inflation Data, Bond Market
11.7.2024
Increased prospects of Fed rate cuts could bode well for BTC's recovery
Fed Chair Powell Reaffirms Stance on Custody Assets Amid SEC Crypto Rule Controversy
11.7.2024
On Wednesday, Federal Reserve Chair Jerome Powell testified before the U.S. House Financial Services Committee, where Congressman Josh Gottheimer (D-NJ) questioned him about the SEC’s Staff Accounting Bulletin (SAB) 121. This bulletin mandates that banks include digital assets held in custody...
Fed Chair Powell Reveals No Contact With Biden in 2 Years Amid Economic Challenges
10.7.2024
Amid swirling speculation in Washington D.C. about whether President Joe Biden will seek reelection in 2024 and questions about who really governs the nation, Fed Chair Jerome Powell disclosed that he hasn’t spoken with the U.S. President for over two years. “When any President calls...
Key Bitcoin price metric drops to a 2-week low — Is the BTC bull market over?
9.7.2024
Bitcoin price has dropped to a worrying low, leading some traders to throw in the towel and claim the bull run is over
Citi Analysts Predict 8 Weeks of Fed Rate Cuts Starting in September, Powell Seeks Evidence
9.7.2024
Analysts from Citi, the American multinational investment bank and financial services corporation, predict the U.S. Federal Reserve will begin reducing rates by September, totaling a 200 basis points (bps) cut over the next eight Federal Open Market Committee (FOMC) meetings. Nevertheless, Federal...
Bitcoin Little-Changed Above $57K as Fed Chair Powell Testifies to Congress
9.7.2024
Jerome Powell made clear that central bank policymakers are focused on downside risks to the economy as much as they are inflation
5 bullish arguments that Bitcoin price just bottomed at $53K
7.7.2024
Bullish divergence on the price chart, September rate cut prospects, and increasing M2 supply are some catalysts that could resume the Bitcoin bull market cycle
5 bullish arguments that Bitcoin price just bottomed at $53K
7.7.2024
Bullish divergence on the price chart, September rate cut prospects and increasing M2 supply are some catalysts that could resume the Bitcoin bull market cycle
Fed’s Minutes Report Cites High Inflation and Economic Risks in Decision to Hold Rates
4.7.2024
According to the minutes from the Federal Reserve’s Federal Open Market Committee (FOMC), the choice to maintain the federal funds rate in its current range was driven by concerns about ongoing inflation and economic instability. Economic Instability and Inflation Keep Fed Rates Steady At...
IMF Advises US to Keep Interest Rates Steady Through Late 2024
4.7.2024
The International Monetary Fund (IMF) has advised the U.S. to improve its fiscal position by reducing spending and increasing revenues. The IMF emphasizes addressing rising debt through policy adjustments and recommends maintaining current interest rates until late 2024. “Given those risks...
SEC, Fed Charge Silvergate for Misleading Investors, Failing to Monitor $1 Trillion in Transactions
3.7.2024
The U.S. Securities and Exchange Commission (SEC), the Federal Reserve Board (FRB), and the California Department of Financial Protection and Innovation (DFPI) have taken action against Silvergate Capital Corp., the holding company for Silvergate Bank, and its former executives for misleading...
Crypto-Friendly Silvergate Bank Pays $63M to Settle Charges With SEC, Fed, California Regulator
1.7.2024
The U.S. Securities and Exchange Commission filed a complaint against Silvergate Bank's parent entity and its former executives on Monday
Federal Reserve Stress Test Projects $685 Billion in Losses for Large Banks
28.6.2024
The Federal Reserve Board’s annual stress test results reveal that large banks are expected to face nearly $685 billion in projected losses during a severe recession scenario. These losses are significantly higher than last year due to increased risks in bank balance sheets and higher...
US Fed CIO says it’s ‘hard to justify’ hiring human coders over AI
27.6.2024
The Federal Reserve’s leadership seemingly views generative AI as a “super analyst” capable of turbocharging the agency’s work process
North Carolina’s CBDC ban bill heads to governor’s desk
27.6.2024
North Carolina Governor Roy Cooper will now either sign or veto the law that bars the state’s government from accepting a Federal Reserve CBDC, potentially joining Louisiana
Former Fed President Discusses Potential for 2 Interest Rate Cuts This Year
24.6.2024
Former Boston Fed President Eric Rosengren has outlined the potential for two interest rate cuts this year. He cited recent Federal Open Market Committee (FOMC) discussions and stabilizing inflation trends. “I am expecting we’ll probably get some more favorable inflation numbers over...
Bitcoin price rebound may hit in 10 days as Fed liquidity ‘rips higher’
20.6.2024
Bitcoin price behavior — including its run to all-time highs in March — is displaying an uncanny correlation to Fed liquidity
Why are top Bitcoin traders bullish despite BTC price dip to $64.3K?
18.6.2024
Bitcoin whales and miners remain cautiously optimistic, strengthening the bullish case for $64,300 support
Digital Asset Funds Witness Major Shake-up Amid Fed’s Hawkish Stance: Coinshares
17.6.2024
Digital asset investment products have seen substantial outflows totaling $600 million, marking the most significant withdrawal since March 22, 2024. According to Coinshares and lead researcher James Butterfill, this exodus is attributed to a hawkish Federal Open Market Committee (FOMC) stance...
Fed President Kashkari Finds Bank of America’s December Rate Cut Prediction Reasonable
17.6.2024
Minneapolis Federal Reserve President Neel Kashkari addressed Bank of America’s prediction for a potential Fed interest rate cut this year in an interview with CBS News on Sunday. Bank of America predicts that the Fed will cut rates once this year, likely in December. “I think...