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Nalezeno "Fed Chair": 202

'Ethereum-Based' LIBOR Alternative Gets a Nod From Fed Chairman


Jerome Powell. Source: a video screenshot, Youtube/CNBC Television The US Federal Reserve (Fed) Chairman Jerome Powell has seemingly expressed support for an "Ethereum-based" replacement of LIBOR, the average interest rate at which major global banks borrow from one another, stressing...

XRP Plummets 56% in One Candle, Bitmex Traders Outraged Over Flash Crash


A number of XRP traders are complaining about massive liquidations on Bitmex as the price of XRP spiked and was brought down by 56% in a single candle. After the incident, well known traders with leveraged positions took to Twitter to complain about the upset as some investors were completely...

Trump Pressures Fed for More Rate Cuts as Mega Banks Drain the Balance Sheet


U.S. President Donald Trump is pressuring the central bank to cut interest rates even further as a spike in oil prices has offset the Federal Reserve’s ‘normalization’ tactics like rate-cutting and overnight repos. Additionally, the mega bank JP Morgan Chase (JPM) is being blamed...

Crypto Bullishness Spreads on Capitol Hill


U.S. Congress has shown that it is starting to care about cryptocurrency as a number of lawmakers spoke up in favor of it this week. “The world Satoshi Nakamoto had envisioned is an unstoppable force” and “there’s no capacity to kill bitcoin” are some of the comments...

Markets Update: Crypto Prices Sink Lower Finding New Support Levels


On June 9, digital currency markets have been meandering along in a consolidated manner after the slight downturn this afternoon. At the moment, the entire cryptocurrency market is around $243 billion, but global trade volume has dropped from $80 billion on June 5 to $56 billion this weekend. Also...

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