Search
Reserve Bank of India Furthers CBDC Efforts: Report
2.2.2024
The Reserve Bank of India (RBI) is now exploring tech solution for privacy concerns of central bank digital currency (CBDC). According to an insider who is familiar with the government’s CBDC moves, India is making progress in CBDCs with caution. The unnamed source told CoinDesk that the central...
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...
India CBDC Insider Reveals Current Stance of Country's Central Bank
2.2.2024
India’s central bank is taking a very cautious approach in developing its digital rupee, a senior official familiar with India’s central bank digital currency (CBDC) pilot programs told CoinDesk, though it's making some progress
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
Markets 'Too Optimistic' About Fed Rate Cuts: JPMorgan Asset Management
31.1.2024
"The market may be too optimistic as we see limited evidence of disinflation in certain areas that are a focus for the Fed," strategists said, explaining a potential for a decline in risk assets
Famed Analyst Richard Bove Says US Dollar Is Finished as World’s Reserve Currency — Expects China to Overtake US Economy
31.1.2024
Renowned financial analyst with over 54 years of experience, Richard Bove, has warned that the U.S. dollar is finished as the world’s reserve currency, cautioning that China will overtake the U.S. economy. He warned that the offshoring of American manufacturing poses a significant threat...
US Sanctions on Russia Similar to Planting a ‘Bomb Under the Dollar,’ Says Russian Analyst
30.1.2024
The United States’ sanctions against Russia are undermining confidence in the U.S. dollar and may force other countries to ditch the currency, a Russian financial analyst has said. The analyst said contrary to the West expectations, the sanctions against Russia have failed to destroy...
Atlantic Council: Belief That Dollar Does Not Need to Innovate Is a ‘Miscalculation’
29.1.2024
The U.S. Federal Reserve is lagging behind its peers like the Bank of China in terms of the resources and manpower dedicated to developing a central bank digital currency. According to a blog post, the belief that the dollar does not need to innovate is a miscalculation. An expert argued that...
Congressman Rand Paul Reintroduces ‘Audit the Fed’ Bill
29.1.2024
Congressman Rand Paul reintroduced the Federal Reserve Transparency Act, also known as the “Audit the Fed” Bill, as a standalone piece of regulation into the U.S. Senate. The bill seeks to take the lid off what Paul considers to be the “entirely unknown inner workings”...
UBS Predicts Gold Prices Will Rise 10% in 2024 Amidst Fed Policy Pivot
24.1.2024
UBS, a financial services company, predicts that 2024 will be fruitful for gold, forecasting a price increase of 10% over current market prices. According to UBS analysts, this price increase will be powered by a pivot in the current policy of the U.S. Federal Reserve, which is projected to start...
US Stocks, Bitcoin, and Gold Drop as Fed Plays Coy on Rates — Investors in Limbo
18.1.2024
The leading trio of U.S. stock indices — Dow Jones Industrial Average, Nasdaq Composite, and the S&P 500 — experienced a downturn on Wednesday afternoon. This decline coincided with a rise in 10-year Treasury yields, which jumped 0.98% to 4.102%. Concurrently, gold’s value...
Dollar’s Reserve Currency Status Is the United States’ Reward for Controlling the Seas – Billionaire Mike Novogratz
15.1.2024
According to Mike Novogratz, the United States’ control of the seas enables it to maintain the dollar’s reserve currency status. Novogratz suggested that the U.S. and United Kingdom’s joint strikes on Yemen were necessary because they give residents the “benefit of borrowing...
Morgan Stanley’s Chief Economist Predicts Rate Cuts ‘This Year’ as Market Eyes Federal Reserve’s Next Move
8.1.2024
This year, mirroring last year’s speculation, market observers are keenly awaiting decisions from the U.S. Federal Reserve concerning the federal funds rate, with a particular focus on potential rate cuts this year. Ellen Zentner, Morgan Stanley’s lead economist in the U.S., predicts...
Arthur Hayes Foresees 30% Bitcoin Crash Amid 'Vicious Washout.' Here's Why
5.1.2024
Depletion of the Fed's reverse repo program and expiry of a crucial funding facility for troubled banks may trigger a market crash in March and force the Fed to cut interest rates, Maelstrom CIO Arthur Hayes said
U.S. 216K Jobs Adds in December Tops Estimates for 170K
5.1.2024
The closely watched report
India's Digital Rupee Crossed a Million Transactions in 1 Day With Some Help From Banks
4.1.2024
CoinDesk has viewed a letter dated Dec. 29 by the Reserve Bank of India (RBI) Governor Shaktikanta Das to staff that said the usage of the e-rupee (CBDC) "exceeded the milestone of 1 million transactions in a day on Dec. 27, 2023." A separate letter from one of the banks participating in...
Federal Reserve Expects Rate Cuts in 2024 But Path Remains Foggy, Minutes Reveal
3.1.2024
FOMC minutes point to rate cuts by 2024 but a foggy path ahead as the U.S. Federal Reserve stresses a data-dependent approach. Image by Fareed Mindalano, DALL-E 3. The U.S. Federal Reserve expects to begin cutting interest rates in 2024, according to the minutes from the Federal Open Market...
Economist Warns the Demise of US Dollar Hegemony Is ‘Really Upon Us’
29.12.2023
Economist Stephanie Pomboy has warned that the “demise of the U.S. hegemony is really upon us,” emphasizing that the Biden administration and many U.S. policymakers in Washington “are just sleeping right through it.” She pointed out that a growing number of nations...
Indian Government is Actively Collaborating With Crypto Industry: Liminal Custody’s Country Head
19.12.2023
Manhar Garegrat, Country Head Liminal Custory As we conclude 2023, the Indian and global crypto industry went through quite a few milestones in terms of regulatory developments. In an exclusive interview with CryptoNews, Manhar Garegrat, the Country Head for India and Global Partnerships of Liminal...