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Bitcoin Bulls Mull the Meaning of New Fed Messaging on Inflation and Interest Rates
21.8.2023
Instruments tied to interest rates compete with Bitcoin for investor dollars
Farmington Bank Faces Fed Wrath: Alameda-Backed Financial Institution Ordered to Shutdown
21.8.2023
In a statement released August 17, 2023, Farmington State Bank, with an investment from Sam Bankman-Fried’s Alameda Research, consented to a cease and desist order from the U.S. Federal Reserve. Alameda invested $11.5 million into the bank’s coffers in January 2022. Government seizure...
Consensus Pause: Majority of Economists Predict No Rate Hikes for 2023, With Cuts Delayed Until March 2024
20.8.2023
A newly published Reuters poll reveals that most economists concur: the U.S. Federal Reserve has likely capped its rate hikes. Yet, rate cuts aren’t anticipated until March 2024. This survey drops just as markets approach the annual Jackson Hole Economic Symposium scheduled for next week. All eyes...
Legendary Investor Jeremy Grantham Predicts Inevitable US Recession, Challenges Fed’s Forecast
20.8.2023
A significant portion of investors and financial organizations surmise that the U.S. could avert a recession, but Jeremy Grantham, the co-founder of investment firm Grantham Mayo Van Otterloo (GMO), deems it inescapable. Grantham contends that the Federal Reserve’s optimistic prognosis...
FTX-Linked Farmington State Bank Slapped with Fed Enforcement Action
17.8.2023
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Bitcoin, Ethereum Technical Analysis: BTC, ETH Hit 1-Week Lows Ahead of FOMC Minutes
16.8.2023
Bitcoin neared a breakout below $29,000 on Wednesday, ahead of the release of anticipated Federal Open Market Committee (FOMC) minutes. The minutes will show the United States Fed’s reasoning behind its last rate hike, whilst also giving guidance on its future decisions. Ethereum dropped...
First Mover Americas: Europe's First Spot Bitcoin ETF Opens in Holland
15.8.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for August 15, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Goldman Sachs Expects Fed to Start Cutting Interest Rates in Q2 Next Year
15.8.2023
Goldman Sachs has predicted that the Federal Reserve will start cutting interest rates in the second quarter of next year. The global investment bank’s economists also expect the Fed officials to forego hiking rates at their upcoming meeting. “We are penciling in 25 basis points of cuts...
FedNow showcases DLT-powered payments system as service provider
14.8.2023
The Federal Reserve wrote that they do not support or endorse any showcase providers that are featured on its website
First Mover Americas: Hedera’s Token Gains on Fed Move
14.8.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for August 2, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
BTC price breakout by end of August? 5 things to know in Bitcoin this week
14.8.2023
Bitcoin stays frustratingly quiet after the weekly close, but BTC price forecasts are giving ever-shorter breakout deadlines
Peter Schiff Warns Investors of 2 ‘Huge Surprises’ — Foresees Inflation Too High for Fed Rate Cuts to Stimulate Economy
13.8.2023
Economist Peter Schiff says investors are in for “two huge surprises.” Noting that the Federal Reserve has already lost its fight against inflation, he explained that by the time the U.S. economy officially enters a recession, inflation will be too high for the Fed to “stimulate” with...
Here’s what happened in crypto today
11.8.2023
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation
5 things crypto must get right for mainstream adoption to happen
11.8.2023
Mainstream crypto adoption will require an enormous effort, and it’s still likely to be several years away
Fed Launches New Crypto Oversight Program, Issues Dollar Stablecoin Guidelines
10.8.2023
The Federal Reserve has established a new supervisory program to increase oversight of crypto activities by the banks it regulates. The U.S. central bank also released additional guidelines for banks to follow before engaging in the issuance, possession, or transactions involving U.S. dollar...
US Fed steps up oversight of banks' involvement with crypto firms
9.8.2023
The limitations set out in the Federal Reserve’s new Program provides additional measures to its original policy statement laid out in January
Fed Starts New Program to Oversee Crypto Activity in U.S. Banks
8.8.2023
The U.S. Federal Reserve is starting a new program for overseeing banks’ crypto activity, and it further clarified its requirement that the lenders under its authority get approval before engaging in digital assets activities
Federal Reserve Governor Hints at More Interest Rate Hikes
8.8.2023
Federal Reserve Governor Michelle Bowman says additional interest rate increases will likely be needed to get inflation on a path down to the Fed’s target. “I will also be watching for signs of slowing in consumer spending and signs that labor market conditions are loosening,” the...
Fed's Rate Hike Cycle Has Peaked, Investment Banks Say
7.8.2023
The end of the tightening cycle does not necessarily imply a quick pivot toward zero interest rate policy, meaning animal spirits may not return to the crypto market anytime soon
Bitcoin Holds Above $29,000 Following Mixed US Jobs Report – Where Next for the BTC Price?
4.8.2023
The bitcoin (BTC) price is holding within recent ranges to the north of the $29,000 level in wake of the latest mixed US jobs report for July.
The report revealed that the US economy added 187,000 jobs in July, below the expected gain of 200,000.
Moreover, June’s job gain of 209,000 was revised...