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US Lawmaker Launches Bill to Prohibit the Fed From Issuing Digital Currency Directly to Individuals
14.1.2022
A U.S. lawmaker has introduced a bill in Congress to prohibit the Federal Reserve from issuing a central bank digital currency (CBDC) directly to individuals. “It is important to note that the Fed does not, and should not, have the authority to offer retail bank accounts,”...
Fed's Lael Brainard invites Congress to choose whether to compete with China's digital yuan
13.1.2022
“We want to make sure that we do the requisite research on policy and technology so we're in a position to move forward if Congress decides it's important to be able to compete with China in this regard," said Lael Brainard
US Inflation Rate Jumps Highest in 40 Years to 7%, Democrats Concerned Inflation Will Haunt the Party
13.1.2022
One of the hottest topics in the United States in 2022 is the rising inflation, as the U.S. Labor Department’s data published on Wednesday indicated that the consumer price index (CPI) rose to 7% in December. This represents the largest annual jump since 1982. Federal Reserve governor Lael...
US Federal Trade Commission Warns Consumers About Falling for Crypto ATM Scam
12.1.2022
The U.S. Federal Trade Commission (FTC) has warned consumers about scams involving cryptocurrency ATMs. “There’s a new spin on scammers asking people to pay with cryptocurrency,” the FTC described. FTC’s Warning About Scams Involving Cryptocurrency ATMs The U.S. Federal...
US lawmaker proposes bill aimed at limiting Fed's ability to issue CBDC
12.1.2022
Having the Fed require users to open accounts to access the benefits of a digital dollar would put it "on an insidious path akin to China’s digital authoritarianism," according to Tom Emmer
Bitcoin shoots to $44,000 as US inflation hits 7% in December
12.1.2022
United States Consumer Price Index data shows that inflation hit 7% in December 2021, climbing 0.5% month over month. Bitcoin almost reached $44,000 upon the news
US Inflation Jumps Most in 40 Years, Bitcoin, Ethereum Gain
12.1.2022
In December, monthly inflation in the US was a bit higher than expected, reaching 0.5%, while the annual inflation increased to 7% and was the same as expected.
Economists expected that the consumer price index (CPI), a key measure of consumer prices released by the US Labor Department, will show...
US Fed Chair's Top 3 Crypto-Related Comments in Front of Senate Banking Committee
12.1.2022
The US Federal Reserve (Fed) Chair Jerome Powell discussed the central bank's COVID-19 response and financial stability, among other issues, during his re-nomination testimony on Tuesday in front of the Senate Banking Committee. He also made several comments that may potentially have an impact...
US lawmaker hints at upcoming crypto legislation as Jerome Powell says Fed will release report on digital currency soon
11.1.2022
“The report really is ready to go and I would expect we will drop it — I hate to say it again — in coming weeks," said Jerome Powell
Bitcoin dip below $40K follows Fed signal of a possible fourth rate hike in 2022
10.1.2022
BTC’s abrupt drop to $39,650 came after the Federal Reserve floated the prospect of a fourth rate hike in 2022
'Most bullish macro backdrop in 75 years' — 5 things to watch in Bitcoin this week
10.1.2022
Can 2022 still turn out to be a bull year? Not many believe so, but short-term volatility should pass nonetheless, analysts say this week
Bitcoin crash ahead? Expert warns higher inflation could whip BTC price to $30K
9.1.2022
The warning appears against the U.S. Federal Reserve's intention to tighten its asset purchasing program rapidly, followed by three rate hikes in 2022
Pakistanis Lose Millions to Crypto Scam, Pakistan Issues Notice to Binance
8.1.2022
Investors from Pakistan have become victims of a massive fraud using cryptocurrency. The country’s main law enforcement agency has issued a notice to crypto exchange Binance in relation to the scam which resulted in the loss of $100 million dollars for Pakistanis, media reports revealed....
Fed’s Outgoing Vice Chair Richard Clarida’s ‘Rebalancing’ Trades Ignite Fed Trading Ethics Scandal
8.1.2022
Members of the U.S. Federal Reserve are getting criticized this week after the central bank published its minutes report from the policy meeting on December 14-15. Following the update, the outgoing vice chair of the Federal Reserve’s trading activities has reignited ethics conversations....
Will this time be different? Bitcoin eyes drop to $35K as BTC price paints 'death cross'
8.1.2022
While recent bearish crossovers between Bitcoin's 50-day and 200-day exponential moving averages failed to push prices lower, this time could be different
Bitcoin Fluctuates as US Employment Figures Send Mixed Signals to Fed
7.1.2022
The price of bitcoin (BTC) fell slightly along with US stock market futures in the early hours of the US trading session today after US payroll figures missed their forecast by a relatively wide margin. Shortly after, however, the situation improved, with stocks in the green and BTC largely...
Bitcoin, Ethereum Could Benefit If Stocks Drop After Fed Tightening – Strategist
7.1.2022
Contrary to popular belief, the two largest cryptocurrencies bitcoin (BTC) and ethereum (ETH) could benefit from a tightening of monetary policy from the US Federal Reserve (Fed), Mike McGlone has argued in a new note.
According to McGlone, who is the Bloomberg Intelligence’s Senior Commodity...
Bitcoin may pass $30K September lows, trader warns
7.1.2022
Macro factors are combining to make more and more analysts distinctly wary over where Bitcoin and altcoins are headed in 2022
Fed’s Minutes Report ‘Bludgeons’ Global Markets — Stocks, Crypto, Precious Metals Slip in Value
6.1.2022
Minutes from the U.S. Federal Reserve’s policy meeting on December 14-15 show that the central bank is being persistent about unwinding quantitive easing (QE) tactics and that it views ultra-low interest rates as no longer necessary. Global markets immediately dropped after the news...
Bitcoin could outperform stocks in 2022 amid Fed tightening — Bloomberg analyst
6.1.2022
The FOMC minutes on Wednesday revealed that policymakers intend to step up their fight against inflation in 2022