Bitcoin ended last week with a bearish trend for the first time in five weeks. It reached a high of $24k but dropped to below $23k during Monday’s Asian trading session. According to Coinglass, over $...
Tag: Federal
Regardless of the Federal Reserve’s Caution, Change Is Coming to Money and Banking
When the tragic invasion of Ukraine began last February, Russian people eager to avoid entrapment in a war that vandalized reason turned to dollars. Get it? Not only do dollars liquefy a fair amount o...
Senators Cruz And Manchin Introduce Legislation To Stop Federal Government From Banning Gas Stoves
Topline The debate over gas stoves is coming to the Senate after Sens. Ted Cruz (R-Texas) and Joe Manchin (D-WV) introduced legislation Thursday to bar the Consumer Product Safety Commission (CPSC) fr...
One Year Later: Federal Investigators Eyeing Squiggles NFT Creators For Wire Fraud & Money Laundering
It’s been a year since we first covered the story surrounding Squiggles, an NFT rugpull that was traced down with a full-fledged manifesto. The NFT market has seen so much come and go since this time,...
Federal Reserve Hikes Rates Again; Yet Market Reacts Positively
The United States Federal Reserve increased interest rates, again. The central bank’s major tool to curb the rising inflation that recently started in March last year, continued this year as well with...
Coinbase stock jumps 14% after federal securities suit dismissed
The logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York, U.S., April 14, 2021. Shannon Staple...
The Federal Reserve (Fed) raises interest rates
Punctually last night came the FOMC and with it Powell unveiled the moves of the Federal Reserve (Fed) on interest rates, that resulted in a 25 basis point rise. The market had been expecting a change...
Federal Reserve raises interest rates another 0.25% to highest since October 2007
The Federal Reserve raised short-term interest rates Wednesday by a quarter percentage point, bringing its benchmark rate to a new range of 4.50% and 4.75%, the highest level since October 2007. In it...
What is the Federal Reserve’s 2023 meeting schedule? Here when the Fed will meet again
The Federal Reserve met in December to discuss the effects of a series of interest rate hikes the central bank has carried out over the past few months. At the meeting, the interest rate was raised by...
Federal Reserve raises interest rates by 25 basis points, as expected
The U.S. Federal Reserve raised the target range for the federal funds rate by 25 basis points to 4.5-4.75 percent, bringing the interest rate to a 15-year high. Wednesday’s interest rate decisi...
Federal Reserve Raises Benchmark Interest Rate by 0.25%, Disinflationary Process ‘Early,’ Says Powell – Economics Bitcoin News
The U.S. Federal Reserve raised its benchmark federal funds rate by 0.25% on Wednesday after markets priced in near 100% certainty the Federal Open Market Committee (FOMC) would codify the quarter-poi...
Federal Reserve Raises Rates by 25 Basis Points
Key Takeaways The Federal Reserve raised rates by another 25 basis points. This brings federal interest rates to the 4.50% to 4.75% range. The move indicated a softening of the central bank’s hawkish ...
Wall Street Estimates On US Federal Reserve Rate Hike Decision
The U.S. Federal Reserve will announce another crucial rate hike decision during the FOMC meeting on Wednesday, February 1, primarily based on the aim to reduce inflation to 2%. Considering the coolin...
Federal Reserve expected to slow pace of interest rate hikes to kick off 2023
The Federal Reserve will kick off its first policy meeting of the year Tuesday, with investors expecting Wednesday’s policy statement to show interest rates rise at a slower rate for the second-...
Google’s ex-CEO Eric Schmidt tapped for federal biotech commission that allows members to keep investments
On Dec. 30, leaders of the House and Senate Armed Services committees announced the selection of former Google CEO Eric Schmidt and 11 others to serve on a new federal commission on biotechnology. Tas...
Here’s The Monstrous Misconception That’s Misshaping Federal Reserve Policy
The Federal Reserve is raising interest rates again this week to combat inflation. Its thinking, shared by most economists, is that only by slowing the economy and putting people out of work, can infl...
Can The Federal Reserve Counterattack Stop Crypto Bull Run?
The crypto industry may be facing a major setback as the Federal Reserve (FED) appears to be losing control of the markets. This new status quo could lead to even more hawkish measures impacting the t...
The Federal Reserve Is Expected to Implement Tactics That Could Help BTC
The price of bitcoin has shot up in recent weeks and is now trading for over $17K. There is high anticipation that another bull run could be heading our way given that Jerome Powell – the head of the ...
Crypto Bank Custodia Denied Membership in US Federal Reserve System – Finance Bitcoin News
The U.S. Federal Reserve Board has rejected the attempt of Custodia Bank to become member of the Federal Reserve System. According to the decision announced Friday, the application submitted by the di...
Fed denies Custodia Bank application to join the Federal Reserve System
The United State Federal Reserve Board has rejected Custodia Bank’s application to become a member of the Federal Reserve System. In its announcement, the Fed stated that the application was “inconsis...
U.S Federal Reserve Rejects Custodia Bank’s Membership Application
60 mins ago | 2 mins read Bitcoin News Custodia, formerly known as Avanti Bank has been waiting almost 18 months. The Wyoming-based bank sued the Federal Reserve in June 2022. Custodia Bank’s applicat...
Fed denies Custodia Bank Federal Reserve System access
Custodia Bank has expressed its disappointment with the dismissal of its request to join the Federal Reserve System. The Fed denied the institution’s application citing that the application did not co...
Federal Reserve denies membership to crypto adjacent bank Custodia
The Federal Reserve Board on Jan. 27 denied an application by Custodia Bank Inc. to become a member of the Federal Reserve System. The move comes amidst increasing regulatory scrutiny from the highest...
Custodia Bank’s Application to Join Federal Reserve Rejected
The application that Custodia Bank submitted to join the Federal Reserve System was denied by the Board of Governors of the Federal Reserve System in the United States. The Federal Reserve noted in it...
U.S. Federal Reserve Denies Crypto Bank’s Membership Application
Custodia had sued the Fed last June for delaying the master account process. Custodia Bank – a leading digital asset banking institution based in Cheyenne, Wyoming – has faced a roadblock in its appli...
Hawley Demands Biden Administration Enforce Bill Banning TikTok From Federal Devices
Topline Sen. Josh Hawley (Mo.) has requested the Biden Administration quickly enforce a bill banning TikTok from federal devices, according to a letter sent Friday to the Office of Management and Budg...
German Federal Court Of Justice Confirms The First-Ever Conviction Of A Daesh Member For Genocide
On January 17, 2023, the German Federal Court of Justice confirmed the conviction against Daesh member Taha A.-J. for genocide, crimes against humanity and war crimes committed against Yazidi victims ...
U.S. Federal prosecutors allege that Sam Bankman-Fried has used money from FTX exchange to invest in the VC
The United States government may have uncovered another another component of Sam Bankman-cryptocurrency Fried’s enterprise thanks to their investigation. According to The New York Times, federal...
Southwest Airlines Under Federal Investigation For Possible ‘Deceptive’ Scheduling
Topline The Department of Transportation is investigating whether Southwest Airlines executives may have broken federal law by knowingly offering unrealistic scheduling options during its “holiday deb...
SIMBA Chain and AFICC Form Historic Partnership to Streamline Federal Access to Blockchain Solutions
SOUTH BEND, Ind.–(BUSINESS WIRE)–The Air Force Installation Contracting Center (AFICC) and SIMBA Chain have formed a historic partnership through a Basic Ordering Agreement (BOA) that allows Federal a...