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Jerome Powell’s pivot heralds a boring summer for Bitcoin
1.5.2024
The Federal Reserve isn't sticking with the schedule of interest rate cuts it predicted earlier in the year. That makes navigating the market more challenging
Federal Reserve Holds Rates Steady Amid Inflation Concerns; Outlook Remains ‘Uncertain’
1.5.2024
On Wednesday, May 1, 2024, the U.S. Federal Reserve chose to maintain the benchmark interest rates at their highest in 23 years. The Federal Open Market Committee (FOMC) members noted that although inflation has subsided, it still “remains elevated.” No Change in Federal Funds Rate;...
Federal Reserve Holds Policy Steady, Says Progress on Inflation Has Stalled
1.5.2024
Hopes for a series of interest rate cuts in 2024 have been quickly vanishing over the past few weeks as both the economy and inflation exhibit unexpected strength
Bitcoin Tumbles Below $60K, Risking Deeper Pullback as Crypto Markets Endure Worst Month Since FTX Crash
30.4.2024
Recent U.S. economic data could prompt more hawkish forward guidance from the Federal Reserve
Republic First Bank Fails, Triggers Minor Crypto Market Downturn Amid Banking Sector Concerns
27.4.2024
The United States witnessed its first banking failure of 2024 with the closure of Philadelphia-based Republic First Bank, creating ripples within the cryptocurrency community as Bitcoin, Ether, and various altcoins experienced slight price drops following the announcement. This event has spurred...
Custodia Bank takes case to higher court after March setback
26.4.2024
Custodia Bank is challenging a lower court’s ruling in its battle for a Federal Reserve master account
Crypto Billionaire Arthur Hayes Predicts Bitcoin Bull Run to Return After $1.4 Trillion US Liquidity Spike
26.4.2024
Arthur Hayes believes a shift in U.S. economic policy under Treasury Secretary Janet Yellen could inject massive liquidity into the system. Hayes argues this could reignite Bitcoin's upward momentum alongside a broader stock market rally.
The post Crypto Billionaire Arthur Hayes Predicts Bitcoin...
Custodia Bank Appeals Court Loss in Fed Membership Lawsuit
26.4.2024
Custodia, a Wyoming-based aspiring crypto bank, filed a notice of appeal against a court ruling that affirmed the Federal Reserve's rejection of its bid for a master account and membership
Polymarket Traders See 32% Chance of No Fed Rate Cuts This Year
19.4.2024
The hawkish shift in the market sentiment could dampen the demand for risk assets, including cryptocurrencies and technology stocks
The Solution for Stablecoin Regulation
17.4.2024
Uncertainty Over Fed Rate Cuts Intensifies With Sticky Inflation Metrics
13.4.2024
As each day unfolds, analysts, economists, Wall Street institutions, and Fed watchers have increasingly postponed their forecasts for when the U.S. Federal Reserve will reduce the benchmark interest rate. Current data suggest that a rate cut in June is unlikely, with odds standing at 50-50 for...
Australian Court Hands Over $41 Million of Crypto Held by Blockchain Mining Group at Regulator's Request
12.4.2024
An Australian federal court agreed to a petition by markets regulator ASIC to hand over some US$41 million in digital assets invested by over 450 Australians with the mining companies to specialists from advisory and restructuring company McGrathNicol
Federal Reserve’s Neel Kashkari on Bitcoin: Still No Legitimate Use Case in an Advanced Democracy
6.4.2024
The president and CEO of the Federal Reserve Bank of Minneapolis, Neel Kashkari, has expressed concern about consumer risk due to “fraud, hype, and confusion” surrounding bitcoin. Moreover, he said the cryptocurrency has been around for more than a decade but “there’s still...
Bitcoin Adds 4.5% as Stocks Reverse Lower on Hawkish Fed Commentary
4.4.2024
The world's largest crypto regained the $69,000 level at one point in the session before slipping a bit
Choppy Bitcoin Price Action Continues Ahead of Friday's Jobs Report
3.4.2024
Flows into the new spot ETFs have been subdued for a couple of weeks, possibly prompting a renewed interest in macro drivers for price direction
Markets Tumble as Fed Rate Cut Expectations Diminish
3.4.2024
Attention is riveted on the Federal Reserve’s assembly set for May 1, with widespread anticipation that the U.S. central banking authority might lower the federal funds rate at this juncture of the year. Currently, market forecasts suggest a rate reduction is very unlikely, and Cleveland...
Bitcoin Drops Over 5% as Upbeat U.S. Factory Data Powers Dollar Index to Nearly 5-Month High
2.4.2024
The U.S. factory activity unexpectedly expanded in March, data released Monday showed, sending the dollar index higher
Court Dismisses Custodia Bank’s Challenge Against Federal Reserve
31.3.2024
In a significant ruling, a federal judge has dismissed Custodia Bank Inc.’s claim for entitlement to a Federal Reserve master account, marking a setback for the Wyoming-based depository institution. Custodia Bank argued that the Federal Reserve Bank of Kansas City (FRBKC) was legally obliged...
Peter Schiff Warns of Severe Economic Repercussions, Highlights Inflation and Money Supply Concerns
30.3.2024
In a recent analysis, economist Peter Schiff draws stark comparisons between the current U.S. economic optimism and the prelude to the 2008 financial crisis. Schiff, leveraging his expertise, warns of impending financial turmoil, emphasizing the critical role of money supply in understanding...
Judge Rules Against Digital Asset Bank Custodia’s Bid for Federal Reserve Master Account
30.3.2024
Digital asset bank Custodia Bank has been denied a U.S. Federal Reserve master account by the United States District Court for the District of Wyoming.
The post Judge Rules Against Digital Asset Bank Custodia’s Bid for Federal Reserve Master Account appeared first on Cryptonews