Two crypto-friendly US banks have borrowed at least $13.6 billion from Federal Home Loan (FHL) Banks to deal with a tidal wave of customer withdrawals amid the digital asset bear market, according to ...
Tag: Federal
The Federal Reserve and Other Agencies Are Warning Banks About Crypto
U.S. regulators like the Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency have established a joint statement warning banks all over the wor...
Economist Mohamed El-Erian Predicts ‘Sticky’ Inflation Despite Federal Reserve’s Efforts to Bring it Down – Bitcoin News
As investors examine the next move of the Federal Reserve, analysts, economists and market participants are also closely monitoring inflation levels. In Dec. 2022, the annual inflation rate dropped to...
The Federal Home Loan Banks System is lending to cryptocurrency
According to a report that was published by The Wall Street Journal on January 21, the Federal Home Loan Banks System (FHLB) of the United States is reportedly lending billions of dollars to two of th...
Here are the federal tax brackets for 2023 vs. 2022
The income thresholds for the seven federal tax brackets increased by a bigger-than-normal amount for the 2023 tax year to reflect runaway inflation seen last year. “They are just the usual changes du...
Abbott Under Federal Investigation Over Baby Formula—Here’s How The Pharmaceutical Giant Got Here
Topline The Department of Justice opened a criminal investigation on Friday into an Abbott Laboratories plant in Michigan over unsanitary workplace conditions in its production of baby formula—the lat...
U.S Federal Home Loan Banks System (FHLB) lent billions to crypto banks amid surge in withdrawals – Cryptopolitan
To protect against the potential rise in withdrawals, The Wall Street Journal reported on Jan. 21 that two of America’s leading crypto banks are receiving billions of dollars from the Federal Home Loa...
Bitcoin’s Fate Depends on the Federal Reserve’s Next Move – Will It Crash or Hit New All-Time Highs?
Experts speculate on the probable influence of the upcoming monetary policy adjustments by the Federal Reserve on the cryptocurrency market, particularly on the price of Bitcoin, as it nears $23,000 a...
Goldman Sachs Reportedly Being Investigated by Federal Reserve
8 hours ago | 2 mins read Bitcoin News The Fed is concerned that it didn’t have sufficient monitoring and control mechanisms. The inquiry would encompass “Goldman’s compliance functions, as well as au...
Watch the Federal Reserve’s Waller speak live on the economy and interest rates
[The stream is slated to start at 1 p.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Governor Christopher Waller is scheduled to speak Friday at 1 p.m. ...
The organizational system of the Federal Reserve
Over time, the Central Bank of the United States of America (Federal Reserve) has changed its organizational system towards a greater ability to make decisions quickly and effectively To date, the Fe...
Federal Home Loan Banks are bailing out crypto
Listen to this article. The Federal Home Loan Bank (FHLB) system is suddenly finding itself bailing out numerous cryptocurrency-friendly banks, such as Silvergate and Signature. Estimates suggest they...
Federal Reserve Chairman Jerome Powell tests positive for Covid
Federal Reserve Board Chairman Jerome Powell holds a news conference following the announcement that the Federal Reserve raised interest rates by half a percentage point, at the Federal Reserve Buildi...
The U.S. economy is again being held hostage to our ridiculous federal debt ceiling
Rep. Kevin McCarthy (R-Bakersfield) gave away much of his leverage to right-wing Republican House members to become speaker. Can he keep them from crashing the economy? (Associated Press) The individu...
Federal consumer protection watchdog stakes out crypto turf in SEC shadow
The U.S. Consumer Financial Protection Bureau, which is tasked with overseeing a hodgepodge of financial service providers including payment companies, appears to be taking a fresh look at crypto regu...
Only Half Of Wall Street Disagrees With The Federal Reserve
Fed Chair Jerome Powell gives news conference as traders work at NYSE (Photo by Spencer Platt) Getty Images The Federal Reserve’s current interest-rate-raising policy focuses on conquering too-h...
Jeff Booth Warns of Debt Deflation If Federal Reserve Keeps Hiking Interest Rates – Economics Bitcoin News
The author of “The Price of Tomorrow,” Jeff Booth, has warned about debt deflation, calling it a “great depression on steroids,” if the Federal Reserve continues to hike interest rates. He believes th...
Ripple Vs SEC Update: SEC Requests Federal Court to Exclude Ripple Experts’ Testimonies
The Securities and Exchange Commission (SEC) has requested that the court exclude the expert opinions of Professor Alan Schwartz, Peter Adriaens, Allen Ferrell, Borden, Easton, Yadav, Fischel, Marais,...
Lawyer explains new federal virtual asset law in the United Arab Emirates
The United Arab Emirates (UAE) has passed a new law that governs virtual assets, setting up the country’s initial regulatory regime for the cryptocurrency space at the federal level. Before the...
What Republicans Must Do To Rein In The Federal Reserve
With the House of Representatives finally organized, the GOP should set up a group to examine and get a real grasp of the Federal Reserve. Otherwise, if Republicans win the White House and Senate in 2...
Uncertainty Surrounds Federal Reserve’s Future Plans for Rate Hikes – Bitcoin News
The U.S. Federal Reserve has raised the benchmark bank rate seven times during the course of 2022, leading many to question when the central bank will cease or change course. The Fed has stated that i...
TikTok Banned From Federal Devices – Will Fashion Sales Suffer?
(Photo by Chesnot/Getty Images) Getty Images The recent spending bill signed by President Biden includes an unexpected provision, “No TikTok on Government Devices Act,” which gives the government 60 d...
FTX Fraud Victims to Get a Website for Court Proceeding Communication & Federal Rights
US Government is planning to launch a website for FTX U.S victims to notify them regarding their court proceedings and federal rights. Lewis A Kaplan has been appointed as the District Judge for this ...
Federal Prosecutors and SEC Probing Crypto Titan Digital Currency Group: Report
Federal authorities are reportedly investigating the internal finances of crypto giant Digital Currency Group (DCG). According to a new report by Bloomberg, anonymous sources familiar with the matter ...
Federal Prosecutors Subpoena Hedge Funds Over Binance
Federal prosecutors are investigating the largest crypto exchange Binance and have subpoenaed several hedge funds as part of its investigation, according to a Washington Post report. Seattle’s US atto...
Federal Prosecutors in New York Probe Digital Currency Group and Subsidiary Genesis – Bitcoin News
Following accusations from Gemini co-founder Cameron Winklevoss in an open letter to Digital Currency Group CEO Barry Silbert, a report citing “people familiar with the matter” states that federal pro...
Federal judge gives Celsius Network control of $4.2b in client assets
Chief Judge Martin Glenn of the United States Bankruptcy Court for the Southern District of New York, in a Jan. 4 ruling, said the $4.2 billion of assets that had been locked in Celsius Network LLC’s ...
U.S. Businesses Face Higher Federal Tax Bills In 2023 Coupled With State Tax Relief
Federal tax hikes on U.S. businesses take effect at the beginning of 2023, the same time when many … [+] state-level business tax cuts kick in. getty The new year brings higher federal tax burde...
Federal Open Market Committee: rates in 2023
Yesterday saw the release of the Fed’s minutes, which are the documents of the recent meetings of the Federal Open Market Committee, better known by its acronym FOMC. The FOMC is the body of the US c...
US Federal Reserve, Other Agencies Continue to Warn Banks About Crypto
“Given the significant risks highlighted by recent failures of several large crypto-asset companies, the agencies continue to take a careful and cautious approach related to current or proposed crypto...