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Bitcoin in ‘Oversold’ Area, Ethereum Down 54% from ATH as Markets Brace for Fed
24.1.2022
Prices of major cryptoassets, including bitcoin (BTC) and ethereum (ETH) continued to fall on Monday, with technology stocks leading the way down as market participants are getting ready for a US Federal Reserve (Fed) meeting set to begin on Tuesday....
Read More: Bitcoin in ‘Oversold’ Area...
UBS Warns of Crypto Winter Amid Expectation of Fed Rate Hikes and Regulation
24.1.2022
UBS, Switzerland’s largest bank, has warned about a crypto winter where prices crash and may not recover for years. The bank’s analysts explained several major reasons affecting the prices of cryptocurrencies. UBS Expects Crypto Winter That Could Last Years Switzerland’s...
IMF Warns of Dangers of Fed’s Rate Rise, Brazil Says Inflation ‘Won’t Be Temporary in West’
21.1.2022
Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), has warned that the Federal Reserve (Fed)'s next interest rate hike could “throw cold water on nations with high levels of dollar debt” – and their recovery from the COVID-19 pandemic’s economic...
Does a Fed digital dollar leave any room for crypto stablecoins?
21.1.2022
Could stablecoins be undone by a Federal Reserve that takes consumer deposits? Would retail banks be hobbled?
US Fed Wants Answers To 22 Questions About Digital Dollar
21.1.2022
The US Federal Reserve (Fed) has released its digital dollar whitepaper, and is seeking answers to 22 questions related to its central bank digital currency (CBDC) project from a wide range of stakeholders....
Read More: US Fed Wants Answers To 22 Questions About Digital Dollar
Fed issues discussion paper on benefits and risks of a digital dollar
20.1.2022
"The Federal Reserve would only pursue a CBDC in the context of broad public and cross-governmental support," said the recently published paper
Joe Biden Claims Inflationary Pressure ‘Rests With the Federal Reserve,’ Praises the Fed’s ‘Extraordinary Support’
20.1.2022
On Wednesday, U.S. president Joe Biden explained that the country’s central bank was dealing with a large share of the inflationary pressures the American economy is dealing with today. Biden welcomes the possibility of tightening monetary easing and noted that he “respects...
Bulls aim to turn the tide in Friday’s $580M options expiry after BTC tops $43K
20.1.2022
Regulatory uncertainty and tighter monetary policies continue to weigh on BTC price, but data shows bulls are attempting to provoke a reversal
President Biden taps economists for Fed governors’ seats, Sarah Bloom Raskin as vice chair for supervision
14.1.2022
According to the U.S. President, the three nominees have the “experience, judgement, and integrity to lead the Federal Reserve and to help build our economy back better for working families.”
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,”...
Ethereum options data shows pro traders expect strong resistance at $3,600
13.1.2022
Derivatives analysis suggests that ETH will continue to bounce around in the $3,300 to $3,600 range for the short-term
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
Dollar Up, U.S. Inflation Likely to Have Minimal Impact on Fed Policy
13.1.2022
The United States Dollar(USD) showed upward momentum in the market on Thursday. Especially in the Asian market, the greenback currency has climbed back up after plunging into new depths. The federal policies are not expected to change anytime soon, although the consumer prices have gone through...
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
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...
Billionaire Jeff Gundlach Expects Recession This Year, Advises Against Buying Bitcoin
12.1.2022
Doubleline Capital CEO Jeffrey Gundlach, also known as the “Bond King,” has warned about “a recession in the later part of this year.” He also advised against buying bitcoin at the current level. “Maybe you should buy it at $25,000,” he said. Billionaire...
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
Mike Novogratz Says Bitcoin Should Bottom Around $40K, Sees ‘Tremendous’ Demand From Institutional Investors
10.1.2022
Galaxy Digital CEO Mike Novogratz expects the price of bitcoin to bottom at around $38K-$40K. “I know big institutions who are going through their process to put positions on. They’re going to see those as attractive levels to buy,” he said. Mike Novogratz on Future Outlook...
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....