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US Congressmen Ask Federal Reserve to Create National Digital Currency
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US Congressmen Ask Federal Reserve to Create National Digital Currency

Two members of the United States House of Representatives Financial Services Committee recently asked the Federal Reserve if it has any plans to create a U.S. dollar digital currency.

Why Bitcoin Has Threatened US Dollar Dominance and Federal Reserve
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Why Bitcoin Has Threatened US Dollar Dominance and Federal Reserve

How Bitcoin has threatened US dollar dominance and Federal Reserve power, and has been reducing the role of the government in issuing money.

Federal Reserve Votes to Keep Inflationary Monetary Conditions as US Economy Heals
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Federal Reserve Votes to Keep Inflationary Monetary Conditions as US Economy Heals

Federal Reserve officials voted at the Federal Open Market Committee (FOMC) meeting to maintain the same monetary conditions that have aided Bitcoin's 2020 price surge.

Federal Reserve Digital Dollar DLT Testing Underway But CBDC Monetary Policy Lags
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Federal Reserve Digital Dollar DLT Testing Underway But CBDC Monetary Policy Lags

Federal Reserve Board Governor Lael Brainaird announced that the United States Federal Reserve is currently experimenting with blockchain and DLT in pursuit of its central bank digital currency (CBDC) or digital dollar.

US Federal Reserve Weighs the Pros and Cons of a Digital Dollar CBDC
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US Federal Reserve Weighs the Pros and Cons of a Digital Dollar CBDC

The US Federal Reserve has continued to research the benefits and impact of implementing a central bank digital currency (CBDC).

Federal Reserve Bank Sees Nationwide Outage Days After Treasury Sec Says Bitcoin is "Extremely Inefficient"
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Federal Reserve Bank Sees Nationwide Outage Days After Treasury Sec Says Bitcoin is "Extremely Inefficient"

The Federal Reserve Bank suffered a massive outage on its system, lending credence to the superiority of Bitcoin as a decentralized network.

Federal Reserve Chairman Powell to Address IMF on Digital Currencies Next Week
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Federal Reserve Chairman Powell to Address IMF on Digital Currencies Next Week

Federal Reserve Chairman Jerome Powell will be speaking to the International Monetary Fund (IMF) next week as part of a panel on cross-border digital payments.

Federal Reserve Has Been Advancing CBDC Research with US Regional Banks’ Contributions
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Federal Reserve Has Been Advancing CBDC Research with US Regional Banks’ Contributions

The Federal Reserve's research and development on a central bank digital currency issuance has been complemented by several regional Federal banks' efforts.

Federal Reserve Holds 0% Interest Rates until 2023, Targets Over 2% Inflation—BTC Price Breaks $11,000
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Federal Reserve Holds 0% Interest Rates until 2023, Targets Over 2% Inflation—BTC Price Breaks $11,000

Bitcoin price spikes as Federal Reserve officials of FOMC said they will hold US interest rates close to zero and will continue to push inflation above 2% by 2023.

Federal Reserve Bank of Boston Partners with MIT to Research How Crypto Can Co-exist with the Dollar
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Federal Reserve Bank of Boston Partners with MIT to Research How Crypto Can Co-exist with the Dollar

The Federal Reserve Bank of Boston has partnered with the Massachusetts Institute of Technology (MIT) to research the feasibility of cryptocurrencies co-existing with fiat currencies

Federal Reserve “Flexible” Inflation Monetary Policy Could Boost Bitcoin Price as Investors Stock Up on BTC Safe Haven
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Federal Reserve “Flexible” Inflation Monetary Policy Could Boost Bitcoin Price as Investors Stock Up on BTC Safe Haven

Federal Reserve Chair Jerome Powell has announced new measures to control inflation, in a speech that could have long-term implications for the Bitcoin price and cryptocurrency.

Federal Reserve Considers a FEDcoin in Wake of Rising Stablecoin and CBDC Development
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Federal Reserve Considers a FEDcoin in Wake of Rising Stablecoin and CBDC Development

Federal Reserve Governor, Lael Brainard said that the Fed is weighing the developments and policy issues in the digital payments sector and experimenting with central bank digital currencies (CBDC) in consideration of potentially issuing it own digital currency.

COVID-19 Relief Spurs Federal Reserve Towards Digital Payments with FEDNow
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COVID-19 Relief Spurs Federal Reserve Towards Digital Payments with FEDNow

The Federal Reserve is accelerating towards digital payments technology as the COVID-19 pandemic has highlighted the need to provide faster methods of relief. The United States central bank has announced the development of its own platform—FedNow.

Federal Reserve Chair Powell Affirms There Is Ongoing Research for a Digital Dollar
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Federal Reserve Chair Powell Affirms There Is Ongoing Research for a Digital Dollar

The Federal Reserve Bank is involved in a large-scale research and development regarding digital dollar, says Chairman Jerome Powell.

Fed Chair Powell Says Central Bank Will Engage with US Lawmakers On Digital Dollar
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Fed Chair Powell Says Central Bank Will Engage with US Lawmakers On Digital Dollar

Federal Reserve Chair Jerome Powell says it will be up to United States lawmakers whether or not to bring a digital dollar to the market.

Reuters: Federal Reserve Announces Job Cuts
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Reuters: Federal Reserve Announces Job Cuts

The Federal Reserve plans to eliminate 300 positions by the end of this year, marking its first notable personnel reduction since 2010. The majority of the cuts will target support roles, including technology positions. Despite the resilience of the U.S. economy, the decision is not unprecedented.

US Fed denies Custodia Bank membership over crypto concerns
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US Fed denies Custodia Bank membership over crypto concerns

The US Federal Reserve has denied Custodia Bank's membership application due to concerns over its involvement in the crypto industry. The Fed cited heightened illicit finance and safety and soundness risks, as well as a lack of a sufficient risk-management framework for its proposed cryptoasset-related activities. The bank is also prohibited from running crypto-related services if accepted as a member.

Two Major Events Will Influence the Bitcoin Price in the Next 24 Hours
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Two Major Events Will Influence the Bitcoin Price in the Next 24 Hours

Bitcoin and cryptocurrency traders face a moment of pause as they await two major events that will either send the BTC price soaring or cause a major bearish correction.

ARK Invest CEO: Crypto Assets Will See Huge Turn
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ARK Invest CEO: Crypto Assets Will See Huge Turn

ARK Invest CEO Cathie Wood predicts 2% inflation. Due to diminishing money supply, Wood expects inflation to go below this level and potentially into negative territory. The business recently sold its Grayscale Bitcoin Trust (GBTC) shares and bought 320,000 Coinbase shares for $17.6 million.

Bank of Japan Testing Digital Yen CBDC
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Bank of Japan Testing Digital Yen CBDC

The Bank of Japan (BoJ) has just announced that it will begin experimenting with a Digital Yen, its own Central Bank Digital Currency (CBDC) to test its technical application and feasibility.

Fed Chairman Powell Says Central Bank Digital Currency Would Need to Coexist with Traditional Cash
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Fed Chairman Powell Says Central Bank Digital Currency Would Need to Coexist with Traditional Cash

While speaking at a virtual payments conference hosted by the Basel Committee on banking supervision, Federal Reserve Chairman Jerome Powell said that central bank digital currencies would need to be complementary to physical cash.

Federal Reserve Keeps Interest Rates Steady, Bitcoin Responds with Significant Fluctuations
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Federal Reserve Keeps Interest Rates Steady, Bitcoin Responds with Significant Fluctuations

Federal Reserve officials has agreed to keep interest rates unchanged following 10 consecutive hikes. However, the Federal Reserve hinted that they may consider a rate hike next month if the economy and inflation don't show further signs of cooling down.

US Representative Tom Emmer Introduces Legislation to Limit Fed
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US Representative Tom Emmer Introduces Legislation to Limit Fed

Representative Tom Emmer presented the "CBDC Anti-Surveillance State Act" to encourage financial privacy and CBDC transparency.

The Fed Rejects Custodia Bank's Membership Application
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The Fed Rejects Custodia Bank's Membership Application

The Fed rejected cryptocurrency-focused Custodia Bank membership again, citing "sound banking operations."

Bitcoin Climbs to $40K Despite Fed’s Interest Rate Hike, Is Sell The Rumor Buy The News Playing Out?
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Bitcoin Climbs to $40K Despite Fed’s Interest Rate Hike, Is Sell The Rumor Buy The News Playing Out?

Despite the Federal Reserve (the Fed) increasing interest rates by half a point (0.5%), Bitcoin soared by 6% to reach $40,002.

US Federal Reserve Raises Interest Rates since 2018: Implications for Crypto
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US Federal Reserve Raises Interest Rates since 2018: Implications for Crypto

The United States Federal Reserve has raised its interest rates by 25 basis points, the first time in about three years it will be making such a move since Dec. 2018. The implications for crypto is considered.

Federal Reserve's Bowman Discusses Digital Currency Innovations Amid CBDC Debate
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Federal Reserve's Bowman Discusses Digital Currency Innovations Amid CBDC Debate

Federal Reserve Governor Michelle Bowman, in a discussion at Harvard Law School, explored the evolving digital payment landscape, touching on CBDC, stablecoins, and the necessity for a robust regulatory framework. While recognizing the potential of digital assets, she emphasized a cautious approach, underscoring the importance of continued research and international collaboration to navigate the digital transformation responsibly.

US Fed Chair Jerome Powell Grilled Over FedCoin Digital Currency Progress
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US Fed Chair Jerome Powell Grilled Over FedCoin Digital Currency Progress

Federal Reserve chairman Jerome Powell spoke before the US House Financial Services Committee. He was questioned regarding the central bank’s digital currency efforts, China, and Libra. He said that they are working hard on the digital currency.

Federal Regulators Testify on Bank Failures
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Federal Regulators Testify on Bank Failures

Representatives from the Federal Deposit Insurance Corporation (FDIC) and Federal Reserve will testify before the United States House Financial Services Commission in a hearing investigating the collapse of Silicon Valley Bank and Signature Bank. Lawmakers are seeking to understand why and how these banks failed. The hearing is expected to take place on March 29, and both the FDIC chair and the Fed Vice Chair for Supervision will appear before Congress.

Fed Reserve Chair Says Central Bank Needs to Issue Digital Currency Right not First
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Fed Reserve Chair Says Central Bank Needs to Issue Digital Currency Right not First

Jerome Powell, the Federal Reserve chairman, discussed digital currencies and cross-border payments on an IMF panel, revealing the United States' approach to CBDC.

Market Watch: Stock vs Crypto Performance, Tesla, Apple, Bitcoin and Ethereum Compared
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Market Watch: Stock vs Crypto Performance, Tesla, Apple, Bitcoin and Ethereum Compared

What it the correlation between crypto and the stock market? We analyze Nasdaq, Dow, Apple, Tesla, Microsoft, Bitcoin, Ethereum. Unlimited QE is the most important factor.

US Draft Bill Proposes Framework for Stablecoins
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US Draft Bill Proposes Framework for Stablecoins

A new draft bill has been published in the United States proposing a regulatory framework for stablecoins. The bill would put the Federal Reserve in charge of non-bank stablecoin issuers, such as Tether and Circle. Insured depository institutions seeking to issue stablecoins would fall under federal banking agency supervision. The bill also includes a ban on issuing stablecoins not backed by tangible assets and proposes a study on "endogenously collateralized stablecoins."

Three Major Central Banks Play a Pivotal Role in Bitcoin Adoption
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Three Major Central Banks Play a Pivotal Role in Bitcoin Adoption

Market analyst Holger Zschaepitz believes that the big three central banks, namely the Federal Reserve (Fed), the Bank of Japan (BoJ), and the European Central Bank (ECB), have been instrumental in Bitcoin adoption.

Fed Chair Powell: Cryptocurrencies not Useful Stores of Value and CBDC Issuance Will not be Immediate
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Fed Chair Powell: Cryptocurrencies not Useful Stores of Value and CBDC Issuance Will not be Immediate

Federal Reserve Chairman Jerome Powell’s stance on Bitcoin and cryptocurrencies remains unchanged – he views them primarily as “a speculative asset.”

Fed Slashes Interest Rate to Near Zero and Launches 700Bn QE, Bitcoin Hovers Near $5k
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Fed Slashes Interest Rate to Near Zero and Launches 700Bn QE, Bitcoin Hovers Near $5k

In an attempt to stimulate U.S. economy amid coronavirus pandemic, the Federal Reserve (“the Fed”) decided to slash the main interest rate to near zero together with the purchase of $700 billion Treasury securities.

Fed Governor Christopher Waller Says US CBDC Not Necessary for Dollar’s Supremacy
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Fed Governor Christopher Waller Says US CBDC Not Necessary for Dollar’s Supremacy

Waller said the Fed has not made decisions concerning CBDCs. He stated that his remarks are aimed at giving a free and open dialogue on the utility of such digital currencies.

Bitcoin Braces for Deeper Bear Market as Fed Eyeing Another Big Rate Hike
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Bitcoin Braces for Deeper Bear Market as Fed Eyeing Another Big Rate Hike

The Fed has already announced five rate hikes this year, but the institution has not yet been able to contain the surging inflation.

Breaking: Key US House Committee Leaders Challenges Federal Reserve on Stablecoin
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Breaking: Key US House Committee Leaders Challenges Federal Reserve on Stablecoin

The House Financial Services Committee is concerned about the Federal Reserve Board's recent regulatory actions on payment stablecoins, arguing they could hinder Congress's digital asset framework, impose additional regulatory burdens, and potentially cause financial repercussions.

Federal Reserve Governor Michelle W. Bowman Stresses Banking Supervision including Digital Assets
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Federal Reserve Governor Michelle W. Bowman Stresses Banking Supervision including Digital Assets

Governor Michelle W. Bowman, a member of the Board of Governors of the Federal Reserve System, emphasized the need for a responsive and responsible regulatory framework in the banking sector.

Federal Reserve FOMC Meeting Inflation Targets Might See Bitcoin Price Retest $10,400 Resistance
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Federal Reserve FOMC Meeting Inflation Targets Might See Bitcoin Price Retest $10,400 Resistance

Bitcoin traders await the Federal Reserve’s upcoming policy meeting on Wednesday to hear how the United States central bank will enact its inflation policy.

Crypto Bank Custodia Files Lawsuit against Federal Reserve for Delaying Master Account Application
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Crypto Bank Custodia Files Lawsuit against Federal Reserve for Delaying Master Account Application

Wyoming state-based digital asset bank Custodia has filed a lawsuit against the authority for unlawfully delaying a decision on its applications for a master account.

Can US Lawmakers Really Just Mint Two $1 Trillion Coins to Back a Digital Dollar COVID Stimulus with "No Additional Debt"?
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Can US Lawmakers Really Just Mint Two $1 Trillion Coins to Back a Digital Dollar COVID Stimulus with "No Additional Debt"?

As the economy continues to deteriorate in the ongoing COVID-19 pandemic climate, US Lawmakers are once again pitching the creation of a sovereign digital dollar to quickly distribute the proposed stimulus packages. The bill further proposed the new minting of two trillion dollar coins.

2 Reasons Why Bitcoin Price Should Reclaim $34,000 This Week
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2 Reasons Why Bitcoin Price Should Reclaim $34,000 This Week

Bitcoin plunged by over 16 percent to an intraday low of $27,678 on Monday before recovering above the $30,000 level. Here are two reasons to expect a further BTC price rally.

US Fed Aims To Publish Discussion Paper on CBDC This Summer
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US Fed Aims To Publish Discussion Paper on CBDC This Summer

The US Federal Reserve will issue a discussion paper about CBDC this summer.

Bitcoin Holds Steady at $20,000 Level as The Fed Hikes Rates as Expected
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Bitcoin Holds Steady at $20,000 Level as The Fed Hikes Rates as Expected

The Federal Reserve enacted the 4th consecutive 75 basis point rate hike on Wednesday. Bitcoin reacted.

Digital Dollars—A Two Tier CBDC Design to Maintain US Currency Dominance
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Digital Dollars—A Two Tier CBDC Design to Maintain US Currency Dominance

The Digital Dollar Project (DDP) is the focus of the Digital Dollar Foundation and advocates the need for a CBDC. In their recently released whitepaper, the DDP stipulates that it aims for the US dollar to maintain its global dominance but further warns that the work needs to begin immediately. The DPP also calls for public-private collaboration, including the use of a two-tier system for the spread and distribution of retail digital dollars.

Gemini Co-Founder Winklevoss Thinks BTC Is Set For Its Next Bull Run, With the Fed's Money Printing
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Gemini Co-Founder Winklevoss Thinks BTC Is Set For Its Next Bull Run, With the Fed's Money Printing

Co-founder and CEO of Gemini crypto exchange Tyler Winklevoss thinks that the US Federal Reserve’s economic stimulus strategy would positively impact Bitcoin and its pricing on the crypto market.

Are Institutional Investments Fueling Correlation Between Crypto and Stock Markets?
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Are Institutional Investments Fueling Correlation Between Crypto and Stock Markets?

With macroeconomic factors like interest rate hikes affecting both stocks and crypto, this begs the question: are institutional investments propelling the correlation between the two markets?

Federal Reserve's 2024 Interest Rate Pause: A Boost for Cryptocurrencies and Stocks
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Federal Reserve's 2024 Interest Rate Pause: A Boost for Cryptocurrencies and Stocks

The US Federal Reserve's decision to pause interest rates in 2024 signals a positive shift for cryptocurrencies and stocks, with significant gains in the market and a rally in the S&P 500.

New York Federal Reserve Partners With MAS to Research on wCBDCs
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New York Federal Reserve Partners With MAS to Research on wCBDCs

The New York Fed and Singapore's MAS are collaborating on CBDC development

Is The US Ready for CBDC? Most Americans Opposed to Digital Dollar Adoption, Survey Reveals
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Is The US Ready for CBDC? Most Americans Opposed to Digital Dollar Adoption, Survey Reveals

Most American citizens appear to be against a digital dollar adoption within the US, preferring paper money to CBDC, according to a study.

Cardano CEO Getting a OneCoin Vibe from Federal Reserve's 'Infinite Cash' Statement
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Cardano CEO Getting a OneCoin Vibe from Federal Reserve's 'Infinite Cash' Statement

In an interview given to CBS's 60 Minutes on March 22, 2020, Neel Kashkari, the President of Federal Reserve Bank of Minneapolis made a controversial remark on being asked how the state would deal if the situation like 2008 financial crisis would come again due the Coronavirus outbreak.

Paul Tudor Jones Sends Inflation Warning to Feds, Touting Bitcoin as Way to "Hedge"
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Paul Tudor Jones Sends Inflation Warning to Feds, Touting Bitcoin as Way to "Hedge"

Paul Tudor Jones revealed that he would invest in commodities, Gold and Bitcoin to serve as a hedge against inflation. Also, he will increase the allocation of Bitcoin from 2% to 5% as part of his portfolio.

Legends of Wall Street Are Warning Us That Inflation is Coming Hard—Is it time to Buy Bitcoin?
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Legends of Wall Street Are Warning Us That Inflation is Coming Hard—Is it time to Buy Bitcoin?

Will you turn to Bitcoin or Gold to hold your wealth as the US Dollar loses purchasing power? Here's what legends of Wall Street are doing.

Bitcoin Price on Verge of $20,000 amid Fed’s Interest Rates Announcement
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Bitcoin Price on Verge of $20,000 amid Fed’s Interest Rates Announcement

Crypto prices drop are more likely as the Fed is set to announce interest rate hikes on Friday this week.

Fed Chair Powell Asserts Money Supply is for Central Banks not Private Sector
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Fed Chair Powell Asserts Money Supply is for Central Banks not Private Sector

Federal Reserve Chairman Jerome Powell asserted that the private sector has no place in money issuance and by extension the development of a Central Bank Digital Currency (CBDC).

US Federal Reserve to Create Cryptocurrency Team Amid Concerns Over Unregulated Stablecoins
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US Federal Reserve to Create Cryptocurrency Team Amid Concerns Over Unregulated Stablecoins

The US Federal Reserve is planning to establish a specialized team of experts to keep up with developments in the cryptocurrency industry, specifically focusing on stablecoins. The move comes amid concerns that unregulated stablecoins could put households, businesses, and the broader economy at risk. While acknowledging the transformative potential of cryptocurrencies, the Federal Reserve believes that appropriate guardrails need to be in place to ensure that the benefits of innovation can be realized.

Custodia Bank's Application to Join Federal Reserve Rejected
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Custodia Bank's Application to Join Federal Reserve Rejected

Custodia, a digital asset bank, was denied membership in the Federal Reserve System.

Senate Banking Committee Democrats caution SoFi about deadlines
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Senate Banking Committee Democrats caution SoFi about deadlines

After purchasing Gold Pacific Bancorp, SoFi was awarded the status of bank holding company. Customers of SoFi's national bank may invest a portion of their direct deposits in digital assets without incurring fees. In investor protection documents, SoFi characterized one of the currencies it provides as "a crypto pump-and-dump" The writers seek an answer to these matters by December 8.

Senate Hearing Views Digital Dollar CBDC as Critical to Maintaining Global Reserve Currency Status
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Senate Hearing Views Digital Dollar CBDC as Critical to Maintaining Global Reserve Currency Status

The United States government’s plan for its digital dollar or central bank digital currency (CBDC) may have just reached a new level of urgency, as the US hopes to maintain its most effective tool of power—global dependence on the Federal Reserve and the US dollar.

Vitalik Buterin Sceptical About DeFi Yield Farming, Compares It to US Federal Reserve Money Printing
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Vitalik Buterin Sceptical About DeFi Yield Farming, Compares It to US Federal Reserve Money Printing

Vitalik Buterin has criticized the yield farming craze observed from the DeFi sector, comparing it to the US Federal Reserve’s mass printing strategy.

Unveiling the Top 5 Surprising Views on Blockchain by AFF leaders
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Unveiling the Top 5 Surprising Views on Blockchain by AFF leaders

Blockchain, cryptocurrencies, fintech and virtual assets will be at the centre of many of the discussions and we have selected a few of the speakers that we are most intrigued by and some that our readers may not realize are important or outspoken in the blockchain and crypto space. We have purposely excluded the usual suspects—if you don’t know what PWC’s Henri Arslanian thinks about crypto by now, we really can’t help you.

Understanding the Profound Impact of Stablecoins on Traditional Finance
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Understanding the Profound Impact of Stablecoins on Traditional Finance

Stablecoin is a compromise on absolute money issuance power and the adoption of disruptive blockchain technology. Stablecoin will have a profound impact on the infrastructure of future financial systems.

Arthur Hayes: The Federal Reserve is Doomed to Fail
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Arthur Hayes: The Federal Reserve is Doomed to Fail

Arthur Hayes' article "Kite or Board" critiques the U.S. Federal Reserve, highlighting its challenges like autonomy, inflation tax, policy changes, and banking sector transition. He suggests Bitcoin as a decentralized, finite supply, and global acceptance alternative to traditional financial systems.

US authorities consider expanding credit line for banks
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US authorities consider expanding credit line for banks

US authorities are considering expanding an emergency credit line for banks to provide First Republic Bank with a time buffer to address balance sheet concerns, according to Bloomberg sources. The bank is deemed stable enough to operate without immediate intervention.

JPMorgan Develops AI Tool for Federal Reserve Analysis
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JPMorgan Develops AI Tool for Federal Reserve Analysis

JPMorgan has created an AI tool using a ChatGPT-based language model to analyze Federal Reserve statements and speeches to detect trading signals. The tool assigns a Hawk-Dove Score to Fed policy signals and can predict changes in central bank tightening. The bank has reportedly found the preliminary applications of the tool to be encouraging.

Central Bank Digital Currency (CBDC) Race:  2020 Year in Review
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Central Bank Digital Currency (CBDC) Race: 2020 Year in Review

As 2020 comes to a close, we take a look back at the most important developments regarding the pursuit of Central Bank Digital Currencies (CBDC).

Facebook’s Libra Creating Shadow Monetary Ecosystem Warns FAC
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Facebook’s Libra Creating Shadow Monetary Ecosystem Warns FAC

Facebook’s creation of cryptocurrency Libra will spawn a ‘shadow banking’ system outside of sanctioned financial markets according to US banks.

Bitcoin will Reach $70,000 Soon if the Federal Reserve Cuts Rates
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Bitcoin will Reach $70,000 Soon if the Federal Reserve Cuts Rates

BitMEX's ex-CEO Arthur Hayes suggested that a Federal Reserve rate cut could propel Bitcoin to the $70,000 mark, rejuvenating the US banking sector. Historical trends show a symbiotic relationship between the Federal Reserve's monetary decisions and Bitcoin's trajectory. Bitcoin's ascent outpaced the Fed's balance sheet expansion by 129% during the pandemic. However, post-March 2022, the Federal Reserve implemented three additional hikes, causing a reevaluation among market participants and analysts. The 'Real Yield', derived by offsetting the Government Bond Yield with Nominal GDP Growth, remains pivotal in this discourse. The US Treasury's augmented bond issuance at steeper rates may inadvertently amplify nominal GDP growth.

American Bankers See No Compelling Case for Digital Dollar
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American Bankers See No Compelling Case for Digital Dollar

The ABA said that it has not seen a compelling case for the pursuit of the Digital Dollars as any attempt to float the new form of money will undermine the role of banks and private financial institutions in the country.

Billionaire investor Ray Dalio has described fiat currency as being in serious jeopardy
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Billionaire investor Ray Dalio has described fiat currency as being in serious jeopardy

Bitcoin is too unpredictable to be "effective money," according to legendary investor Ray Dalio.

Federal Reserve Lifts Enforcement Action on FTX-Linked Farmington Bank
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Federal Reserve Lifts Enforcement Action on FTX-Linked Farmington Bank

The Federal Reserve has terminated its enforcement action against Farmington State Bank, linked to the collapsed crypto exchange FTX, marking the bank's shift away from operations and reinforcing depositor protection efforts.

Bitcoin Price Falls Below $20,000 Following US Jobs Report
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Bitcoin Price Falls Below $20,000 Following US Jobs Report

Bitcoin dropped 2% following the release of the job figures reported by the Bureau of Labor Statistics.

Market Update: US Inflation Data Push Bitcoin Below the $19,000 Support Zone
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Market Update: US Inflation Data Push Bitcoin Below the $19,000 Support Zone

A steep volatility trailed the September inflation data that was released by the BLS today. Bitcoin last seen trading below $19,000

US Democrats Propose Distributing Covid-19 Stimulus Payments Through Digital Dollars to Unbanked Citizens
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US Democrats Propose Distributing Covid-19 Stimulus Payments Through Digital Dollars to Unbanked Citizens

As markets across the globe continue to feel the crunch of economic disruption caused by the coronavirus pandemic, debate has raged over a massive stimulus package being proposed in the US which could see the IRS send up to $2000 a month to all US citizens until the recession takes a turn for the better.

Federal Reserve Conference Casts Doubt over Digital Dollar Project
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Federal Reserve Conference Casts Doubt over Digital Dollar Project

The Federal Reserve Conference report provides how the US central bank envisions a CBDC taking shape. However, the review pointed out that a comprehensive policy is still lacking for delivering CBDC.

Is Soaring US Inflation Rate Hurting Bitcoin's Revival Chances?
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Is Soaring US Inflation Rate Hurting Bitcoin's Revival Chances?

Key inflation data in the U.S. for June was just released by the Bureau of Labor Statistics on Wednesday, what kind of consequences to the development of cryptocurrency?

Ted Cruz Introduces Bill to Block Fed CBDC
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Ted Cruz Introduces Bill to Block Fed CBDC

Republican Senator Ted Cruz has introduced a bill to prevent the Federal Reserve from launching a central bank digital currency (CBDC) that could be used for financial surveillance. This is his second attempt at blocking the Fed's CBDC initiative.

Anthony ‘Pomp’ Pompliano Gives Investment Advice as Bitcoin to Break $12K
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Anthony ‘Pomp’ Pompliano Gives Investment Advice as Bitcoin to Break $12K

Bitcoin is nearing the $12K mark, but experts are saying that the level may not be beneficial if market bulls fail to turn it into support.

What could a Democrat Sweep in US Elections mean for Bitcoin?
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What could a Democrat Sweep in US Elections mean for Bitcoin?

What would it mean for Bitcoin (BTC), if the Democrats manage to pull off a clean sweep in the coming US elections?

U.S. Senate Bill Seeks to Limit Federal Reserve's Role in CBDC Issuance
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U.S. Senate Bill Seeks to Limit Federal Reserve's Role in CBDC Issuance

A new Senate bill, dubbed the CBDC Anti-Surveillance State Act, proposes strict limitations on the Federal Reserve's involvement with CBDCs.

US Inflation Data Lashing Crypto Market
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US Inflation Data Lashing Crypto Market

The market is concerned about the rising inflation, as the United States Bureau of Labor Statistics (BLS) released its Consumer Price Index (CPI) for August, coming in at 8.3% year-on-year (YoY).

Central Banks Could Monopolize Commercial Banking Sector via CBDC, Says Federal Reserve
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Central Banks Could Monopolize Commercial Banking Sector via CBDC, Says Federal Reserve

A new working paper from the Federal Reserve Bank of Philadelphia indicates that the development of a central bank digital currency (CBDC) may create a fundamental shift in the way banks operate.

Bitcoin Falls Below $44K, Attributed to the Fed Plans to Raise Interest Rate in March
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Bitcoin Falls Below $44K, Attributed to the Fed Plans to Raise Interest Rate in March

Attributed to the preliminary raise of the interest rate in March, revealed by the U.S. Fed, Bitcoin's price fell below $44,000 and the lowest trading price was as low as $42,413.

Bitcoin and Tesla Prices Plunge as FED Hints QE Scale Back to Avoid Asset Bubbles
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Bitcoin and Tesla Prices Plunge as FED Hints QE Scale Back to Avoid Asset Bubbles

Analyst narratives on why Tesla and Bitcoin crashed yesterday are varied, but a look at the FOMC minutes hint at scaling back QE to avoid asset bubbles may be an indication.

Billionaire Investor Ray Dalio Bearish on Cash Says Central Banks Drive Economy
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Billionaire Investor Ray Dalio Bearish on Cash Says Central Banks Drive Economy

Billionaire investor Ray Dalio, the Founder and CIO of Bridgewater Associates asserted that since the 2008 Financial Crisis, the behavior of central banks like the Federal Reserve demonstrates that capital markets are no longer free.

Justin Sun's TRON to Receive $2 Million from US Government Aid Coronavirus Relief
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Justin Sun's TRON to Receive $2 Million from US Government Aid Coronavirus Relief

Justin Sun’s Tron platform has obtained US government aid of more than $2 million in coronavirus relief. The ongoing coronavirus crisis has wreaked havoc in the US financial markets. Particularly small-sized businesses are suffering from the economic shutdown meant to slow down the spread of coronavirus. With hundreds of thousands of employees in danger of losing their jobs, the US government created the Paycheck Protection Program (PPP) to help small businesses stay afloat. The money does not need to be repaid.

Digital Dollar Project to Begin Pilot Testing to Gather Data for CBDC
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Digital Dollar Project to Begin Pilot Testing to Gather Data for CBDC

The Digital Dollar Foundation is planning to run a pilot test for the US CBDC project.

Galaxy Digital CEO Says Powell’s 2nd-Term at US Fed Reserve Could Hurt Crypto Market
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Galaxy Digital CEO Says Powell’s 2nd-Term at US Fed Reserve Could Hurt Crypto Market

Mike Novogratz talked about critical impacts on the crypto market following Jerome Powell’s reappointment as Federal Reserve chairman.

Federal Reserve Admits Blindsided Oversight of SVB Collapse
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Federal Reserve Admits Blindsided Oversight of SVB Collapse

The Federal Reserve Chairman has admitted to being blindsided by the sudden collapse of Silicon Valley Bank (SVB) despite being under their supervision. The collapse of SVB has prompted an internal investigation led by the Vice Chairman to look into the failure of the bank and the Fed’s regulation of it. The bank’s collapse has been linked to the Federal Reserve’s successive interest rate hikes and erosion of its long-term bonds. This has led to depositors requesting withdrawals en masse, causing a bank run, and the Federal Deposit Insurance Commission taking possession of SVB.

Future of Silicon Valley Bank May Put Trillions of Dollars at Risk
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Future of Silicon Valley Bank May Put Trillions of Dollars at Risk

The decisions made by the Federal Reserve and the Federal Deposit Insurance Corporation regarding the future of Silicon Valley Bank (SVB) may have significant consequences for regional banks across the United States. Former Bridgewater executive Bob Elliot has warned that a potential failure of the tech bank could trigger a bank run on thousands of small banks, putting trillions of dollars at risk.

Twitter CEO Jack Dorsey Explains Why Bitcoin is "The Best Internet Currency"
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Twitter CEO Jack Dorsey Explains Why Bitcoin is "The Best Internet Currency"

Bitcoin (BTC) and DeFi tokens have been all the rage lately, with crypto investors anticipating BTC’s next bull run and the DeFi industry booming in growth.

CBDC Surveillance Concerns Spark Legislative Action
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CBDC Surveillance Concerns Spark Legislative Action

Congressman Tom Emmer's CBDC Anti-Surveillance State Act aims to address surveillance risks in government-issued digital currencies, emphasizing privacy and autonomy in the evolving digital financial landscape.

Former Fed Chair Janet Yellen Comments on AI and Technology Advancement at the AFF 2020
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Former Fed Chair Janet Yellen Comments on AI and Technology Advancement at the AFF 2020

At this year’s Asian Financial Forum, held in Hong Kong, former Federal Reserve Chair Janet Yellen was invited to speak at a Luncheon with moderator Norman Chan, the Senior Advisor at the Hong Kong Academy of Finance.

Arthur Hayes Discusses Crypto Market Turbulence, US Tax Season, Federal Reserve uncertainty and Bitcoin halving
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Arthur Hayes Discusses Crypto Market Turbulence, US Tax Season, Federal Reserve uncertainty and Bitcoin halving

Arthur Hayes, in the latest edition of Crypto Trader Digest, provides insights into the recent market volatility and its impact on the crypto industry. He discusses the factors contributing to the market fluctuations, including US tax season, the Bitcoin halving event, and the tapering of quantitative tightening by the Federal Reserve. Hayes also highlights the US Treasury's quarterly refunding announcement and the response of the monetary authorities to the failure of Republic First Bank.

Trump Pushes Federal Reserve For Negative Interest Rates, Bitcoin's Anti-Inflation Mechanism Shines
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Trump Pushes Federal Reserve For Negative Interest Rates, Bitcoin's Anti-Inflation Mechanism Shines

The potential for negative interest rates on the US dollar highlights the strength of cryptocurrencies like Bitcoin, which have anti-inflationary mechanisms built-in.

Federal Reserve Gives Consent Order to Silvergate Capital Corporation for Voluntary Self-Liquidation
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Federal Reserve Gives Consent Order to Silvergate Capital Corporation for Voluntary Self-Liquidation

The Federal Reserve Board announced a consent order against Silvergate Capital Corporation and its subsidiary Silvergate Bank on Thursday, providing the necessary regulatory supervision for the financial institution's voluntary self-liquidation.

Fed’s Interest Rate Hikes Attributed to Primary Catalyst of Crypto Bear Market
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Fed’s Interest Rate Hikes Attributed to Primary Catalyst of Crypto Bear Market

The decision by the federal reserve (Fed) to continuously hike interest rates to tame runaway inflation has been detrimental to the crypto market as bears continue to bite.

The Resilience of the US Dollar in Global Finance: Insights from Fed Governor Waller
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The Resilience of the US Dollar in Global Finance: Insights from Fed Governor Waller

Federal Reserve Governor Christopher J. Waller defended the US dollar's global economic dominance, emphasizing its role as a physical currency, financial asset, and preferred unit of account.

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