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Fed Governor Says ‘Blockchain Is Totally Overrated,’ Claims Crypto Is ‘Just Electronic Gold’
26.3.2022
The American economist and member of the Federal Reserve Board of Governors, Christopher Waller, believes blockchain technology is “totally overrated,” even though the U.S. central bank “put a lot of resources into understanding digital currencies and the blockchain.”...
The Fed Could Take 10 Years to Get Inflation Under Control, Says Almonty Industries CEO
24.3.2022
The CEO of Almonty Industries has warned that it could take the Federal Reserve 10 years to get inflation under control if they do not act now and stop spending money. “And they need to raise rates. That’s the only tool that works,” he said. Federal Reserve Could Take a Decade...
Fed Chair Powell Says Crypto Needs New Regulation Citing Risks to US Financial System
24.3.2022
The chairman of the Federal Reserve, Jerome Powell, says crypto requires new regulation, citing that it presents risks to the U.S. financial system and could destabilize existing financial institutions. Fed Chair Powell Sees the Need for New Crypto Regulation Federal Reserve Chairman Jerome Powell...
Here’s why Bitcoin bulls will defend $42K ahead of Friday’s $3.3B BTC options expiry
23.3.2022
Holding $42,000 will help determine whether BTC bulls bag a $175 million profit in Friday’s $3.34 billion options expiry
4 Qualities of Digital Dollar, Crypto Mortgages, Polkadot's Fund, Solana ETP + More News
23.3.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: 4 Qualities of Digital Dollar, Crypto Mortgages, Polkadot's Fund, Solana ETP + More News
Cautious Optimism in Crypto Market as Bitcoin Tests USD 43K, but Brace for Choppy Weeks
22.3.2022
While optimism strengthened in the crypto market on Tuesday, after bitcoin (BTC) tested USD 43,000, and bullish sentiment remained in ethereum (ETH), some analysts warn that "choppy short-term movements may still continue." In either case, the recent bullish moves came despite comments from...
Fed Chair Jerome Powell Hints at Aggressive Rate Hikes After Saying ‘Inflation Is Much Too High’
21.3.2022
The 16th chair of the Federal Reserve, Jerome Powell said that America’s “inflation is much too high” on Monday, and he further explained that the U.S. central bank is willing to raise rates more aggressively. Off the heels of the first benchmark interest rate increase since...
Law Decoded: Arab States of the Gulf open up to digital asset services, March 14–21
21.3.2022
Crypto comes to the Persian Gulf, U.S. Congress moves sideways, Australia is looking at regulating DAOs
Federal Reserve Bank President Pushes for Faster Rate Hikes — Says the Fed Risks Losing Credibility on Inflation Target
21.3.2022
The president of the Federal Reserve Bank of St. Louis, James Bullard, has called for more aggressive measures to combat inflation and reduce the size of the Fed’s balance sheet. “The burden of excessive inflation is particularly heavy for people with modest incomes and wealth and...
Idea to Use Digital Ruble as Reserve Currency Circulated in Sanctioned Russia
20.3.2022
A call to make the digital ruble a reserve currency has been issued in the State Duma, the lower house of Russia’s parliament. Meanwhile, concerns have been raised in the West that the new incarnation of the Russian fiat may be employed to evade sanctions that have been isolating...
Fed Can’t Stop Prices From Going Up Anytime Soon, But There’s Good News, Too
18.3.2022
Jeffery S. Bredthauer, Associate Professor Of Finance, Banking and Real Estate, University of Nebraska Omaha.____
The Federal Reserve has begun its most challenging inflation-fighting campaign in four decades. And a lot is at stake for consumers, companies and the U.S. economy....
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Bitcoin Holds Above $40K as Market Adjusts to Higher Rates From Federal Reserve
17.3.2022
At the current level, the crypto has gained about 3% for the week
NFT Weekly Sales Volume Improves Jumping 17% Higher Than the Week Prior
17.3.2022
After cryptocurrency assets jumped in value this week, following the Federal Reserve’s rate hike on Wednesday, non-fungible token (NFT) weekly sales volume data shows an improvement from last week’s sales metrics. At the time of writing, in terms of seven-day sales volume,...
Freezing Russian Reserve Assets Marks End of Monetary Regime; Gold, Bitcoin to Rise – Arthur Hayes
17.3.2022
The world’s current monetary regime effectively ended with the freezing of Russian foreign reserves by Western governments on February 26. In the new era, central banks will no longer save reserves in Western fiat currencies -- instead, turning to gold and bitcoin (BTC) as their preferred...
Bitcoin & Crypto Market Rises After US Rate Hike, Future Role of US Dollar in Focus
17.3.2022
The price of bitcoin (BTC), ethereum (ETH), and most other cryptoassets moved higher today, after the US Federal Reserve (Fed) yesterday raised rates for the first time since 2018, and a discussion about bitcoin’s role in a future monetary regime re-emerged.
As of Thursday at 16:00 UTC,...
Bitcoin, Ethereum Technical Analysis: ETH up to 2-Week High Following Fed Rate Hike
17.3.2022
Ethereum climbed to a two-week high on Thursday, as markets continued to react to yesterday’s Fed decision. As expected, the Federal Reserve increased interest rates by 0.25%, whilst providing forward guidance for future hikes. BTC was once again trading above $40,000. Bitcoin BTC...
Avalanche price can double by summer as AVAX's 20% weekly rally rekindles 'bull flag'
17.3.2022
But a near-perfect correlation between Avalanche and Bitcoin so far this year could spoil the bullish outlook
RBI Crypto: Indian Government Says Central Bank Has No Plan to Issue Cryptocurrency
17.3.2022
The Indian government has told parliament that it does not have a plan to issue cryptocurrency to be regulated by the central bank, the Reserve Bank of India (RBI). The government also clarified that India’s central bank digital currency (CBDC), that the RBI will launch this financial year...
Fed Hikes Benchmark Bank Rate for the First Time Since 2018, FOMC Expects 6 More Increases
16.3.2022
On Wednesday, the Federal Open Market Committee (FOMC) and Fed chair Jerome Powell held a press conference concerning the American economy, the central bank’s plans to address inflation, and the ongoing Russia-Ukraine war. Powell announced that the FOMC decided to increase the benchmark bank...
Fed Raises Interest Rate by 25 Basis Points in First Rate Hike Since 2018
16.3.2022
The US Federal Reserve (Fed) raised interest rates by 25 basis points today, marking the first rate hike in the US since before the COVID-19 pandemic. The increase was in line with what the central bank has long communicated to the market that it would do. (This is a developing story and...