As China’s digital yuan sees its debut on the first day of the 2022 Beijing Winter Olympics, another country has shown signs of stepping into the CBDC development arena. This was none other than the U...
Tag: Federal
Federal Reserve Bank of Boston, MIT Publish CBDC Research
Key Takeaways The Boston Fed, M.I.T.-run Project Hamilton has published its Phase One results. Project Hamilton is an effort to conduct research and build technology for a central bank digital currenc...
The US Federal Reserve is making some analysts bullish on Bitcoin again
Signs of a steady Bitcoin (BTC) price recovery emerged earlier this week as investors shifted away from the U.S. dollar on weaker-than-expected economic data. In detail, Bitcoin’s drop last week...
Federal Reserve Bank of NY Lays Out Possible Stablecoin Scenarios
Because the stablecoins would effectively act like a pass-through central bank digital currency, their pegs – fixing the price to $1, for example – would come with guaranteed stability. In times of fi...
Federal Reserve Board Nominees Bring Blank Slate on Crypto Views
“Fed Chair (Jerome) Powell and Governor (Lael) Brainard have been very involved in digital assets to date and have articulated that stablecoins and CBDCs can coexist. If leadership at the Fed had shif...
Cryptocurrencies Surge Despite the Federal Reserve Thinking of Three Hikes in 2022
HodlX Guest Post Submit Your Post Last month as the Federal Reserve indicated that it might hike interest rates three times in 2022, the prices of major cryptocurrencies spiked. The prices of Bitco...
Bitcoin Slated to Suffer in 2022 Thanks to Federal Reserve Rate Hikes
Bitcoin has been incurring heavy dips as of late. Just a few months ago, the world’s number one digital currency by market cap was trading for a whopping $68,000 per unit, but now, the asset has lost ...
Trump Reportedly Played Direct Role In Exploring Possible Seizure Of Voting Machines By Federal Agencies
Topline Weeks after election day, former president Donald Trump reportedly ordered his lawyer Rudy Giuliani to ask the Department of Homeland Security (DHS) if it could legally seize voting machines i...
Federal Prison System On Lockdown Following Deadly Gang Fight
Topline The U.S. federal prison system imposed a nationwide lockdown Monday following a purported gang-related altercation that left two inmates dead and another two injured—the latest incident in the...
History Says Federal Reserve-Induced Stock Rout Won’t Last
TOPSHOT – Peter Tuchman, floor trader, reacts as he works on the floor during the opening bell on … [+] the New York Stock Exchange on March 9, 2020 in New York. – Trading on Wall St...
What to expect from markets in the next six weeks, before the Federal Reserve revamps its easy-money stance
Federal Reserve Chairman Jerome Powell fired a warning shot across Wall Street last week, telling investors the time has come for financial markets to stand on their own feet, while he works to tame i...
BTC Dips as Federal Reserve Prepares for Interest Rate Surge
Bitcoin recently dipped in market value as the Federal Reserve confirmed what everyone has been speculating for over a month. The central bank recently announced that it would increase the US interest...
Crypto Markets See Red as Federal Reserve Plans March Interest Rate Hike
Crypto asset markets have resumed their downtrend during the Jan 27 morning trading session following the latest announcement from the U.S. Federal Reserve. Crypto markets have shed a further 3.3% on ...
The Federal Reserve May Unveil a National Cryptocurrency
Many analysts are working to discover why it is that bitcoin has suddenly taken such a nasty price stumble. The world’s number one digital currency by market cap has fallen below the $40,000 mark afte...
Federal Reserve statement January 2022: Here’s what changed
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting on Dec. 15. Text removed from the December sta...
Federal Reserve points to interest rate hike coming in March
Facing both turbulent financial markets and raging inflation, the Federal Reserve on Wednesday indicated it could soon raise interest rates for the first time in more than three years. In a move that ...
Stocks Jump After Federal Reserve Confirms March Interest Rate Hike To Fight Surging Inflation
Topline The stock market ticked higher on Wednesday after the Federal Reserve reassured investors that it would “soon” begin raising interest rates in March as it looks to combat a decades-high surge ...
Federal Reserve decision
The Federal Reserve is expected to provide an update on its approach to high inflation today at 2 p.m. ET. The central bank, which has held short-term interest rates at near zero since March 2020, is ...
The Federal Reserve explores the benefits and drawbacks of launching a prospective US CBDC
The Federal Reserve, the United States’ central bank, has produced a discussion paper that explores the benefits and drawbacks of launching a prospective US CBDC. Powell stated last year that the prim...
The Federal Reserve is likely to signal a March rate hike
U.S. Federal Reserve Board Chairman Jerome Powell speaks during his re-nominations hearing of the Senate Banking, Housing and Urban Affairs Committee on Capitol Hill, in Washington, U.S., January 11, ...
Bitcoin Miners In Kosovo Sell Mining Equipment Causing Panic After Federal Ban
Europe’s country Kosovo bans cryptocurrency and Bitcoin mining due to spiking energy prices and blackouts. Amid the crack-down against Bitcoin mining, miners within the country have started selling of...
The Pros and Cons of a CBDC, According to the Federal Reserve
The central bank of the United States – the Federal Reserve – released a discussion paper that examines the advantages and disadvantages of rolling out a potential US CBDC. This is the first conversat...
Uniswap Labs Hires Former Federal Reserve Economist
Key Takeaways The founder of Uniswap, Uniswap Labs, has hired Gordon Liao, a former Fed economist. Liao expressed his commitment to helping the DeFi world achieve its potential and detailed why he lef...
Federal Reserve Drops Report Outlining Pros and Cons of Central Bank Digital Currencies
The Federal Reserve has released its anticipated report on the feasibility of issuing a central bank digital currency (CBDC) in the United States. The Fed says the report serves as the first step to d...
US Federal Reserve Publishes CBDC Report, Wants Further Dialogue
The U.S. Federal Reserve has published a lengthy paper on a dollar-based central bank digital currency and asked for input. It did not recommend any specific policy, though it did state that a CBDC co...
Joe Biden Claims Inflationary Pressure ‘Rests With the Federal Reserve,’ Praises the Fed’s ‘Extraordinary Support’ – Economics Bitcoin News
On Wednesday, U.S. president Joe Biden explained that the country’s central bank was dealing with a large share of the inflationary pressures the American economy is dealing with today. Biden welcomes...
Federal Reserve publishes long-awaited central bank digital currency report
The US Fed’s long-awaited report on central bank digital currencies dropped Thursday afternoon. Framed as a discussion paper, the Fed notes in its introduction release that it “examines th...
Federal Covid Relief Must Help People
Just before Thanksgiving, we learned that Alabama sought to spend $400M of COVID relief on new prisons—five times as much as it plans to spend on hospitals. And now as we kick off a new year, it’...
Federal Reserve may trigger “deep corrections’ in stock market in 2022 with its actions, strategist warns
Investors should buckle up as it could get hairy this year with the Federal Reserve poised to begin lifting interest rates from rock bottom levels. “I definitely think we will experience more v...