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Fed Officials Ponder Funding Hedge Funds and Private Brokers Directly
15.1.2020
On January 13, the New York Federal Reserve gave $60.7 billion to eligible private financial institutions by leveraging U.S. Treasurys and agency securities. With all the stimulus given to financial institutions since September, it hasn’t relieved the stress of economic uncertainty. Now...
Federal Reserve Considers Creating a Separate Entity for Cash Injections
8.1.2020
While American President Donald Trump wages war with Iran, the U.S. Federal Reserve has continued to inject fresh capital into the hands of private banks by giving them $100 billion in overnight and 14-day repos on Tuesday. The same day, Rabobank strategist Philip Marey predicted the central bank...
Stablecoins Are Crypto’s Version of Fractional Reserve Banking
6.1.2020
Stablecoins provide much sought after stability in the volatile crypto markets. They are sometimes even said to affect the price of bitcoin in drastic fashion. Tether (USDT) in particular continues to be widely scrutinized for this, with recent lawsuits about conflicts of interest and price...
Libra Lacks Clarity on ‘Opaque’ Currency Basket, Says Fed Reserve Governor
19.12.2019
Federal Reserve governor Lael Brainard has warned that the Facebook-led Libra project faces stiff regulatory challenges and that there's a question mark over one of its core concepts
Bailouts From Asia to the EU Signal Recession and Potential Crypto Opportunity
19.12.2019
China’s Hengfeng Bank is set to get a $14.2 billion bailout from both Chinese government and foreign investors. An emergency decree has been approved to bail out southern Italy’s biggest lender, Banca Popular di Bari. Germany continues to struggle with bailout pains, as regional bank...
US Fed Official Says 50% of Bitcoin Transactions Associated With Illegal Activity
18.12.2019
A Federal Reserve official supported a study claiming that 25% of Bitcoin users and 50% of transactions are in some way illegal
US Fed to Print $425B for New Year’s — 3 Times Bitcoin’s Market Cap
14.12.2019
The Fed prepares to do banks a $425 billion Christmas favor as proponents of sound money look on in horror
Volcker Might Have Said Yes to a Digital Dollar – If He Knew What It Was
12.12.2019
What would the late former Federal Reserve Chair Paul Volcker have thought about digital currencies issued by central banks?
Mnuchin ‘Fine’ With Libra Launch, But Crypto Project Must ‘Fully’ Comply With AML Rules
6.12.2019
Steven Mnuchin, secretary of the U.S. Treasury, has no issue with the launch of the Facebook-led Libra project – as long as financial rules are followed to the letter
RBI Governor Discusses Crypto and Central Bank Digital Currency
5.12.2019
The governor of the Reserve Bank of India (RBI), Shaktikanta Das, spoke about cryptocurrency during a press conference on Thursday. He also talked about the prospect of an RBI-issued digital currency, when the time will be right for issuing one, and his view on private digital currencies. Also...
The Fed’s Money Creation System Is Fueling One of the Biggest Heists in History
4.12.2019
Since mid-September, the Federal Reserve has injected three trillion U.S. dollars into the hands of private banks and Wall Street. Despite the fact that massive amounts of money was created out of thin air, the central bank still believes repurchase agreements (repos) are needed to tame...
Despite St. Louis Branch Warnings, New York Fed Pumps $108 Billion Into US Economy
29.11.2019
On Wednesday, November 27, the U.S. Federal Reserve pumped $108 billion into the American economy using overnight repo tactics and 15-day repos. The central bank explained the move will stimulate more liquidity into the faltering U.S. economy, but economists from the St. Louis Federal Reserve...
What the Fed Reserve’s Balance Sheet Expansion Means for Bitcoin
28.11.2019
The U.S. Federal Reserve is again expanding its balance sheet – prominent experts believe that could bode well for bitcoin in the long run
Indian Crypto Industry Optimistic After Binance Enters the Market
27.11.2019
After the delay on proposed blanket ban on crypto and Binance entering the country, are crypto businesses relieved?
US Federal Reserve Exploring Digital Dollar and Its Effect on Monetary System
20.11.2019
The U.S. Federal Reserve System is evaluating the development of a digital dollar and what issues and risks it could potentially pose
Fed Reserve Evaluating Digital Dollar But Benefits Still Unclear, Says Chairman
20.11.2019
Jerome Powell has said his institution is looking into the possibility of developing a digital currency, but the option throws up many policy questions and unclear benefits
Indian Supreme Court Wraps up Crypto Hearing for the Year
19.11.2019
The Supreme Court of India called on for hearing on Monday the writ petitions challenging the banking restriction by the Reserve Bank of India (RBI). After hearing from the RBI’s counsel, the court wrapped up the case for the year. Its decision follows Lok Sabha, the lower house of the Indian...
US to Strictly Enforce Crypto Rules Similar to FATF Guidelines
19.11.2019
The U.S. government will strictly enforce the rules on cryptocurrencies similar to the standards recommended by the Financial Action Task Force (FATF). The Financial Crimes Enforcement Network has reaffirmed that its “Travel” rule applies to cryptocurrencies. Meanwhile, the Federal...
Bitcoin Revolution Meets Protestant Reformation, Crypto Drives Change?
17.11.2019
Both times involved a new economic class with something to fight for. From a merchant class trying to break the economic stranglehold of feudal landlords and the church to the millennials
Stablecoins ‘Pose Risk to Financial Stability’ Warns Federal Reserve
16.11.2019
Stablecoins only “complementary” if they obey regulators, suggests Fed