Tag: fed

Sep 01 2022

Research: The Fed will huff and puff and blow your house down as it begins quantitative tightening

Quantitative easing (QE) has become synonymous with the COVID-19 pandemic as the blowout from the lockdowns stalled the growth of the global economy and threatened to turn into a financial crisis. To artificially create economic growth, central banks began buying up government bonds and other securities, while governments began expanding the money supply by printing more money. This was felt the most in...

Aug 29 2022

Fed Announces “FedNow” Fast Payments System For 2023

Aug 29 2022 Published at Bitcoinist.com under tags  btcusdt crypto crypto news fed

The Federal Reserve (Fed) Vice Chair Lael Brainard was part of an event to test their upcoming instant payment system, called FedNow. The new payment solution is set for deployment between May and July 2023, as the government official confirmed. Brainard participated in the FedNow Early Adopter Workshop, one of the initiatives working on...

Aug 27 2022

Bitcoin Price Crumbles After Powell Says Fed Rates May Continue To Increase

Aug 27 2022 Published at Bitcoinist.com under tags  bitcoin bitcoin price btcusd crypto ether

Bitcoin price dropped about 5% to $20,822 after Federal Reserve Chairman Jerome Powell spoke at Jackson Hole, Wyoming, on Friday, stating that the central bank will "use its instruments decisively" and it will take time to combat inflation. Powell talked briefly during the event and discussed the significance of price stability. He stated that it is "the foundation of the economy" and that...

Aug 19 2022

Bitcoin Sheds 8% After Fed Reveals More Interest Rate Hikes on the Way Throughout 2023

Bitcoin lost more than -8% today, plunging to late July price levels and erasing most of the gains accrued in the past three weeks. BTC/USD traded as high as $25,130 earlier this week and hit a daily low of $21,510 earlier today.

Jul 29 2022

Stop Lying to Customers, Fed and FDIC Order Voyager

Jul 29 2022 Published at Crypto Briefing under tags  fdic fed news voyager

The two institutions called Voyagers deposit insurance claims false and misleading. Voyager Ordered to Stop Misleading Customers Voyager Digital allegedly lied to its customers that the government was insuring its...

Jul 27 2022

Crypto Market Takes Another Beating, Dropping Under $1 Trillion As Major Coins Flatline

Bitcoin, Ethereum, and other major cryptocurrencies took a beating on Tuesday evening, amid a week that had been anticipated to be tumultuous for the larger crypto and world financial markets. After a week of sustained rallies across the majority of the virtual currency market, prices are falling and the overall market value has dropped below $1 trillion for the first time since July...

Bitcoin Breaches Past $21,000 After IMF Clarifies Crypto Doesn’t Threaten Financial System

Bitcoin investors heaved a sigh of relief on Wednesday as the popular crypto abruptly reversed course and surpassed the $21,000 threshold as Asian trading hours began, Wednesday. Since the International Monetary Fund reduced its global growth outlook for this year and 2023, BTC fell below the $21,000 barrier overnight, Forkas reported on Wednesday. In its worldwide projection, the IMF cautioned that global economies...

Jul 14 2022

The FED Released A Study Of The Lightning Network. These Are Their Conclusions

Bitcoin is the FED’s new favorite subject. Fresh from the Federal Reserve Bank of St. Louis measuring inflation in BTC terms, comes the Federal Reserve Bank of Cleveland with a study titled “...

Jul 13 2022

The FED Measures Inflation In Bitcoin Terms, Tries To Fool The General Public

The tables have turned. The FED concedes defeat and acknowledges bitcoin. Of course, they twist both numbers and words to try to make it seem like the dollar is the better money, but we all know what’s going on. A quote wrongly attributed to Gandhi describes the situation: “First they ignore you, then they laugh at you, then they fight you, then you...

Jul 12 2022

What Could EUR/USD Parity Mean For Bitcoin?

On Tuesday, the exchange rate for the euro expressed in the US dollar dropped to its 20-year low of roughly $1.001. This marks another in a series of drops that have seen the euro lose nearly 16% in the past 12 months.

Jul 08 2022

Crypto Investment Protection: Fed Throws Its Weight Behind Basic Protection

Jul 08 2022 Published at Coingape under tags  crypto regulation fed news

Federal Reserve Vice Chairwoman Lael Brainard said the time is ripe for bringing cryptocurrencies under the regulatory ambit. Policy makers should provide investor protections and other regulatory aspects to the space, she said on Friday. Like risks will need to be subjected to like regulatory outcomes, she explained. Regulation Before Industry Grows Too Large Brainard...

Jul 06 2022

The Fed’s Conference Panelists Conclude That Digital Assets are Not a Threat to Dollar’s Domination

In June, the Federal Reserve (Fed) hosted its first-ever conference focused solely on the global role of the US dollar. On Monday, a write-up on the conference was published, which provides interesting insights into the positions held by top researchers, policymakers, and market experts on the “evolving roles of the U.S. dollar.”

Sensational Push For Cryptocurrencies As US Fed Panel Gives Its Nod

Jul 06 2022 Published at Coingape under tags  fed federal reserve news

In a surprising development, a panel of speakers hosted by the U.S. Federal Reserve had on Tuesday gave a big boost for the cause of cryptocurrencies. They recommended that crypto assets be allowed to flourish in the U.S. economy as it would further strengthen the dollar's status. The Fed cryptocurrencies discussion gave rise to some The post Sensational Push For Cryptocurrencies As US...

Jun 15 2022

Fed Raises Rates By 75 Basis Points

Jun 15 2022 Published at Crypto Briefing under tags  fed news rates

The U.S. central bank announced today it will be raising interest rates by another 0.75% in an effort to combat raging inflation. The Largest Hike Since 1994 The United States...

Jun 07 2022

Egg On Face: St. Louis Fed Uses Bitcoin As Unit Of Account

Jun 07 2022 Published at Bitcoinist.com under tags  bitcoin btc btcusd crypto fed

The St. Louis Federal Reserve has posted a new blog where it compares the price of eggs in USD versus Bitcoin. Although the blog is designed to crack a joke about the cryptocurrency, the Fed ultimately has ended up with egg on its face. Here’s why. FRED Blog Cracks Joke On Bitcoin Using Egg Price Inflation...

May 24 2022

Fed Report: 12% Of American Adults Invested In Crypto In 2021

The Fed Reserve has released its annual study on Americans' financial life, and it shows that they are more likely to utilize cryptocurrency as an investing tool than as a means of payment. Fed Report Shows Booming Crypto Economy The report, Economic Well-Being of US Households in 2021, is based on the Federal...

May 23 2022

Bitcoin Back Below $30,000 After A Record 8 Weeks In The Red

Bitcoin decoupled from equity markets to the downside on Monday after ending last week as the eighth consecutive weekly loss.Bitcoin has failed to hold the $30,000 level on Monday after scoring its eighth consecutive week in the red for the first time ever.During these eight weeks, which began in late March and ended on Sunday, bitcoin has lost over 35% of...

May 12 2022

Senate Confirms Jerome Powell to Second Term as Fed Chair

May 12 2022 Published at Crypto Briefing under tags  central bank fed news people powell

The Senate has confirmed Jerome Powell to serve another four-year term as the leader of the Federal Reserve. As chairman of the Federal Open Market Committee, the Fed's monetary policymaking...

May 11 2022

Bitcoin Plunges To Lowest Level Since January 2021

May 11 2022 Published at Bitcoin Magazine under tags  bitcoin price crash equities feature fed

Bitcoin’s price revisited early 2021 levels on Wednesday as the currency struggled to maintain the $30,000 zone.Bitcoin extended losses to reach levels last seen in January 2021 on Wednesday amid a broader market sell-off.The peer-to-peer digital currency struggled to hold the $30,000 level throughout the day as U.S. inflation levels were reported above market expectations and a macroeconomic risk-off...

May 05 2022

Bitcoin (BTC) Price Spikes Following Feds agreement to increase interest rates

Bitcoin (BTC) has surged, courtesy of the Feds decision to increase interest rates. The cryptocurrency soared closer to $40,000, and is still sustaining gains at press time. Asides from the big bull’s rise, the entire cryptocurrency market has reacted to the news, as the overall market records a 5% spike. Feds interest rate hike On...

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