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Where US Regulators Stand on Crypto Assets
16.10.2019
The U.S. has many regulators responsible for overseeing different aspects of crypto assets, each with its own stance on how they should be regulated. Major regulators in the U.S. with strong opinions on cryptocurrency include the SEC, the CFTC, the Federal Reserve, Fincen, and the IRS. Also read:...
The Fed Plans to Inject $60 Billion per Month Into the Economy
15.10.2019
On October 11, the U.S. Federal Reserve explained that it would inject more easing into the economy by purchasing Treasury bills at an initial $60 billion per month for the next two months. The purchasing rate could decrease or increase, but the central bank expects the easing plan to last until...
Ex-Federal Prosecutor: US Blocking Libra Has National Security Implications
7.10.2019
Ex-federal prosecutor and now Andreessen Horowitz partner Katie Haun argues that the United States blocking Facebook’s Libra will have national security implications
Two US Congressmen Urge the Federal Reserve to Consider Creating a ‘National Digital Currency’
3.10.2019
Members of the United States House of Representatives Financial Services Committee have now started to address the rise of cryptocurrencies. Two of U.S. Congressmen have asked the Federal Reserve of future plans to launch a digital version of the U.S. dollar. In a letter sent on Monday to...
US Lawmakers Ask Federal Reserve About National Digital Currency
3.10.2019
U.S. Representatives French Hill and Bill Foster have asked the Federal Reserve whether it will consider launching a national digital currency
US Congressmen Ask Fed to Consider Developing ‘National Digital Currency’
3.10.2019
"We are concerned that the primacy of the U.S. Dollar could be in long-term jeopardy from wide adoption of digital fiat currencies."
Trump Pressures Fed for More Rate Cuts as Mega Banks Drain the Balance Sheet
2.10.2019
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...
Facebook Will Create ‘Shadow Banking’ System, Major U.S. Banks Warn
1.10.2019
Facebook’s Libra will potentially create a “shadow banking” system, according to the banks at the Federal Advisory Council
Central Banks in Panic Mode – Extreme Tactics Like Helicopter Money Discussed
30.9.2019
Central banks worldwide continue to inject more stimulus into the economy as they predict the onset of a new financial crisis. In the face of a sluggish economy, monetary easing, negative interest rates, and ‘normalizing’ the balance sheet is the name of the game these days. Now central...
U.S. Federal Court Denies Release of Alleged Canadian Bitcoin Conman
29.9.2019
In recent times, quite often we have come across headlines mentioning scammers who have used fraudulent Twitter accounts that impersonate major crypto firms to launder Bitcoins and other crypto assets. On August 22, yet again, two Canadians of Indian origin have been charged in the United States...
BTC and Quantitative Easing: What’s the Correlation to Crypto?
26.9.2019
Unconventional monetary policy is rife within the U.S. right now, and a step toward quantitative easing seems inevitable; BitMEX CEO Aurther Hayes believes this will send Bitcoin sky high, but will it?
‘No Argument’ for Replacing Dollar’s Global Role With Crypto: Ex-Fed Official
26.9.2019
The ex-official pushed back at a suggestion from the chief of the Bank of England that a Libra-like crypto should replace USD in global markets
What Billions in Fed Repo Injections Reveal About the Promise of Bitcoin
23.9.2019
The Fed Reserve has injected $278 billion injection into the securities repurchase market. Mike J. Casey Looks at what it means for crypto
NY Fed Ploughs in $53 Billion to Save Overnight Lending Market Amid Turmoil in Financial Markets
18.9.2019
As everyone knows, easy availability of credit at favorable rates of interest is one of the backbones of the trading ecosystem in Wall Street. Hence, if there is a slight rise or any kind of fluctuation in that rate of short term borrowing, then the entire structure enters a risky zone. Every...
Will Bitcoin’s Price Rally After Federal Reserve Rate Cut?
17.9.2019
Bitcoin is down again, but observers believe the losses could be reversed after a U.S. interest rate cut expected Wednesday
As Global Economy Weakens, Federal Reserve All Set for Stimulus Pump
16.9.2019
It has been clear for quite a while that the global economy has been weakening for the past few months, and there has been a lot of speculation regarding the possible solutions to the impending trouble. The trade war between the United States and China is definitely one of the reasons behind...
John McAfee Responds to Google’s Settlement for FTC YouTube Investigation
3.9.2019
In an important recent development, the internet searching joint Google has finally agreed to pay a fine amounting between $150 million and $200 million to Federal Trade Commission (FTC) to finally settle the ongoing investigation in the case of an alleged infringement of children’s privacy...
Mark Mobius: Buy Gold as Bitcoin Price Rises, Central Banks Cut Rates
20.8.2019
Veteran frontier markets investor Mark Mobius suggested that cryptocurrencies will help boost the price of gold
As US Expands Subprime Mortgage Program, Is a New Crisis Looming?
19.8.2019
The Federal Housing Administration, a division of the U.S. Department of Housing and Urban Development, has recently adopted new guidelines widening the scope of condo purchases eligible for lower down payment loans insured by the government. While that could lead to more members of certain social...
Ron Paul Slams Fednow Payment System and Encourages Crypto Competition
15.8.2019
Ron Paul, the muckraking former congressman from Texas, is stirring things up once again, this time taking aim at the new real-time digital payment system proposed last week by the U.S. Federal Reserve. Presented as an innovative solution by government and media voices, the cryptosphere received...