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FOMC Interest Rate Decision Signals All Clear For Bitcoin Bull Run
20.3.2024
The Bitcoin (BTC) bull run has clear skies above following the Federal Open Markets Committee (FOMC) interest rate decision on Wednesday.
The post FOMC Interest Rate Decision Signals All Clear For Bitcoin Bull Run appeared first on Cryptonews
Powell: Economy Progresses but Inflation Still ‘Too High’ to Adjust Benchmark Rate
20.3.2024
On Wednesday, March 20, 2024, the Federal Open Market Committee (FOMC) declared that there will be no change to the federal funds rate for the time being. The committee emphasized its intention not to lower the target rate until there is “greater confidence that inflation is moving...
Federal Reserve Keeps Interest Rates, Rate Cut Outlook Steady for This Year
20.3.2024
Policymakers forecasted Wednesday they would lower interest rates to 4.6% by year-end, similarly to their December projection
Bitcoin Rebounds to $65K as Investors Weigh Looming Fed Decision Risk
19.3.2024
Disappointing flows into bitcoin ETFs over the past days partly resulted from investors trimming risks ahead of Wednesday's FOMC meeting, one market observer said
Financial Markets Tense as Inflation Rise Suggests US Central Bank May Keep Rates Steady
13.3.2024
The U.S. Consumer Price Index (CPI), experienced a 3.2% increase over the 12 months ending in February, marginally higher by 0.1% compared to January’s CPI. This development is not being well-received by the financial markets, as the U.S. Federal Reserve might postpone any reductions in...
U.S. Fed Chair Powell Says 'Nowhere Near' Pursuing CBDC, Won't Spy on Americans
7.3.2024
Even if the Federal Reserve were close to recommending a central bank digital currency (CBDC) in the U.S., Chair Jerome Powell told lawmakers that the Fed has zero interest in a system in which it would have a view into user data
Republican Lawmakers Introduce Legislation to Ban a CBDC in the U.S. ... Again
27.2.2024
Another group of Republican lawmakers has introduced legislation to block efforts to introduce a digital dollar
Atlanta Federal Reserve Warns Banks About Crypto Risks
27.2.2024
Per statement released Monday, the Atlanta Fed advised banks and financial service providers to exercise caution while dealing with cryptocurrencies.
The post Atlanta Federal Reserve Warns Banks About Crypto Risks appeared first on Cryptonews
Republican Senators Propose Legislation to Prohibit CBDC: The Hill
27.2.2024
U.S. GOP legislators have proposed a bill to ban Federal Reserve-backed central bank digital currencies, citing concerns over privacy and government access to citizens’ spending data.
The post Republican Senators Propose Legislation to Prohibit CBDC: The Hill appeared first on Cryptonews
Fed Governor Discusses Crypto’s Impact on US Dollar Dominance — Says Banks Should Avoid Bitcoin ETFs as Primary Asset
18.2.2024
A Federal Reserve governor has addressed crypto’s impact on the U.S. dollar’s dominance. Additionally, he expressed reservations about the need for a U.S. central bank digital currency (CBDC) and stated his opposition to banks holding bitcoin exchange-traded funds (ETFs) as their...
USD-Pegged Stablecoins Could Boost Dollar Dominance: Fed Governor
16.2.2024
The US Fed Governor Christopher Waller, who previously voiced cryptos are “risky,” now throws a positive stance on dollar-pegged stablecoins. Speaking at a conference in Nassau, Bahamas on Thursday, Waller said that decentralized finance (DeFi) could actually boost dollar dominance. He stressed...
U.S. Federal Reserve Gov. Waller Says DeFi Could Boost Dollar's Global Strength
15.2.2024
Crypto critics often warn of digital currencies' potential to destabilize the U.S. dollar, but Federal Reserve Gov. Christopher Waller argued that stablecoins' dependence on the dollar could actually strengthen the U.S. fiat currency as decentralized finance (DeFi) catches on
Fed Chair Powell Briefs Lawmakers on US Central Bank Digital Currency Progress
15.2.2024
Federal Reserve Chairman Jerome Powell has provided an update to Congress members regarding the Fed’s central bank digital currency (CBDC) work. “If we’re going to have a CBDC, Congress needs to authorize it,” he stressed. Moreover, the Fed chair reportedly said that a framework...
FOMC Likely to Keep Rates Unchanged in March After Hot Inflation Report
14.2.2024
Wall Street braced for a chilly reality as hotter-than-expected inflation data sent major indexes tumbling on Tuesday. The Labor Department report revealed US consumer prices surged in January, exceeding forecasts and fueled by rising shelter costs. This unexpected heatwave extinguished...
Federal Reserve Ends Enforcement Action Against FTX-Connected Farmington State Bank
7.2.2024
The Federal Reserve terminated its enforcement action against Washington-based Farmington State Bank, previously known as Moonstone Bank and linked to FTX’s Alameda Research. Federal Reserve Terminates Enforcement Action of FTX-Linked Farmington Bank The Federal Reserve Board has officially...
FTX-linked Farmington State Bank Cleared from Federal Reserve Enforcement Action
6.2.2024
The Federal Reserve terminated an enforcement action with Farmington State Bank on February 6, announcing that the FTX-affiliated bank had “completed its wind-down plan and no longer functions as a bank.” “The Board’s enforcement action, which has been in effect since July 2023, ensured the bank’s...
Commodity Analyst Mike McGlone Says Gold Glitters Over Bitcoin as Crypto-to-Metal Ratio Plunges Post-2021
4.2.2024
Bloomberg’s commodity market expert Mike McGlone warns of a potential downturn for bitcoin, highlighting its disappointing performance against gold since its peak in 2021. On Sunday, McGlone pointed out that the bitcoin/gold ratio had plummeted by about 40% from its 2021 zenith of 37 times....
Economist Peter Schiff Discusses Likelihood of a Fed Interest Rate Cut in March
2.2.2024
Economist Peter Schiff says Federal Reserve Chairman Jerome Powell taking the March rate cut off the table “may have actually raised the probability that the Fed will indeed serve up the first rate cut in March.” Moreover, Schiff explained that the Fed’s job is actually to create...
Crypto Lawyer Reveals Fed’s Involvement in ‘Operation Chokepoint’ on Digital Assets
1.2.2024
Image Source: Jimmy Aki, Midjourney On January 31, popular crypto lawyer James Murphy exposed subtle anti-crypto moves by the US Federal Reserve against crypto custody firm Custodia Bank. ‘Master Account’ Approval Takes Forever In a post on X (formerly Twitter), James “MetaLawMan” Murphy revealed...
Fed Leaves Rates Unchanged, Sounds Hawkish Note on March
31.1.2024
Bitcoin investors have mostly been focused on spot ETFs and the upcoming halving, but central bank monetary policy is also likely to play a sizable role in the 2024 price outlook