Bitcoin has returned to the $20,000 area after experiencing rejection. The cryptocurrency has been displaying some strength during today’s trading session despite a spike in the U.S. dollar which sign...
Tag: Reserve
USDC Enjoys Robust Reserve & Redeemed on 1:1 basis with USD, Says Circle CEO
Jeremy Allaire, the founder and Chief Executive Officer of USDC stablecoin issuer Circle took to Twitter recently to share updates about the firm and how it is in a better position financially despite...
Reserve Bank of India ranks crypto near the bottom of systemic risks despite harsh criticism
In its latest financial stability report published on Thursday, the Reserve Bank of India, or RBI, reiterated its skepticism of digital assets, writing: “We must be mindful of the emerging risk...
Former Federal Reserve Regulator Is Calling for Banning Crypto
Alex Dovbnya Duke professor says that cryptocurrency industry has failed inflation hedge test while criticizing Lummis-Gillibrand crypto bill Lee Reiners, a former employee of the Federal Reserve Bank...
Bitcoin “Reserve Risk” Metric Approaches All-Time Lows
Data shows the Bitcoin “reserve risk” indicator has recently plunged down and is now reaching all-time lows only seen back in 2015 bear and the March 2020 COVID crash. Bitcoin Reserve Risk Suggests HO...
Powell: Congress to Receive Guidance from Federal Reserve on CBDC
U.S. Federal Reserve Chair Jerome Powell said Congress will eventually receive guidance from the Fed on how it could implement a central bank digital currency (CBDC). Speaking before the U.S. House Co...
US Lawmaker: Digital Dollar Would Safeguard Greenback As Global Reserve Currency
A US Rep. Jim Himes has recently expressed his thoughts on Digital Dollar in a white paper. The document argues that the country should make a Central Bank Digital Currency (CBDC) and specifies ...
Powell says the Federal Reserve is tracking crypto market volatility ‘very closely’
Jerome Powell, chairman of the Federal Reserve, told a Senate committee Wednesday that officials at the US central bank are watching the crypto market closely amid a period of heightened volatility. P...
Digital Dollar Would Secure Greenback as Global Reserve Currency, Lawmaker Argues
“A U.S. CBDC would have advantages over privately issued stablecoins and crypto‐assets, most notably the ability to be backed by the full faith and credit of the U.S. government, like traditiona...
Federal Reserve manipulates Crypto Prices: Wall Street Analyst
Caleb Franzen, the senior market analyst at Cubic Analytics, explained how the Federal Reserve regulates asset prices on Anthony “Pomp” Pompliano’s “Best Business Show” on June 20. When questioned abo...
USDD Continues to Trade for Under $1 — Tron DAO Reserve Insists Stablecoin Has Not Depegged – Bitcoin News
Since June 12, 2022, the Tron-based stablecoin USDD has remained below a U.S. dollar in value. On Monday, USDD had a 24-hour trading range of around $0.943 to $0.966 per unit and the day prior on June...
The Federal Reserve Controls Crypto and Asset Prices: Wall Street Analyst
A senior market analyst has spoken out about the influence that the U.S. Federal Reserve has on crypto and general asset prices through its questionable monetary policies. Speaking on Anthony “Pomp” P...
BTC derivatives reserve spikes as the coin’s price crashes
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TRON DAO Reserve Buys 10M USDD In An Effort To Stop Its Stablecoin From Depegging
– Advertisement – TRON DAO Reserve acquired 10m of TRON stable coin USDD to protect the blockchain and crypto industry. Justin Sun and the TRON DAO Reserve have just announced that they ...
FTX CEO blames Fed Reserve for bear market, will step in to prevent ‘contagion’
? Want to work with us? CryptoSlate is hiring for a handful of positions! FTX CEO and founder Sam Bankman-Fried (SBF) said the downturn in the crypto market is driven by the aggressive rate hikes intr...
Bitcoin Derivatives Exchange Reserve Surges Up As BTC Continues To Plunge
On-chain data shows the Bitcoin reserve of derivative exchanges has surged up recently as the price of the crypto has continued to crash down. Bitcoin Derivatives Exchange Reserve Observes Sharp Uptre...
Federal Reserve highlights ‘structural fragilities’ in stablecoin market in new report
The US Federal Reserve is pointing to the recent collapse of TerraUSD and other algorithmic stablecoins as examples of financial stability risks. In its June 17 monetary policy report, the Fed noted ...
U.S. Federal Reserve Raises Concerns About the ‘Fragility’ of Stablecoins Amid Crypto Market Crash
The U.S. Federal Reserve is issuing another warning about stablecoins amid the current crypto market crash. In a monetary policy report sent to Congress, the Fed’s Board of Governors say recent strain...
Stablecoins highlight ‘structural fragilities’ of crypto — Federal Reserve
The Federal Reserve’s board of governors pointed to stablecoins as a potential risk to financial stability amid a volatile crypto market. In its Monetary Policy Report released on Friday, the board of...
USDD Still De-pegged Despite Tron DAO Reserve Injecting Billions Into It – Is This The End?
– Advertisement – Tron’s USDD Stablecoin is still below the desired 1:1 ratio with the USD despite Justin Sun trying to stabilize it. A few days ago, Tron’s stablecoin, USDD, experienced...
TRON DAO Reserve withdraws TRX from Binance as USDD depegs further
The TRON DAO Reserve has announced plans to withdraw 2.5 billion TRX from the Binance cryptocurrency exchange. The withdrawal has been done to maintain TRX’s value and make it hard for sellers to shor...
TRON DAO Reserve to Withdraw Another 3 Billion TRX to Protect USDD Peg
TRON DAO Reserve is prepared to withdraw another 3 billion TRX tokens from a centralized exchange and a decentralized finance (DeFi) lending protocol as part of efforts to prevent a similar occurrence...
Bitcoin Exchange Reserve Spikes Up, Selloff Not Over Yet?
On-chain data shows Bitcoin exchange reserves have sharply increased in value, a sign that the selloff may not be over yet. Bitcoin Exchange Reserve Observes Rapid Rise As pointed out by an analyst in...
Tron DAO Reserve pulls 2.5 billion TRX from Binance as USDD slips further from peg
The Tron DAO Reserve plans to withdraw 2.5 billion tron (TRX) tokens, worth about $125 million, from the Binance exchange as it attempts to prop up the price of its USDD stablecoin against the US doll...
Federal Reserve Interest Rates Hike by 0.75% Dampen Bitcoin Recovery Further
4 hours ago | 2 mins read Bitcoin News For the economy to go forward, Powell said that inflation has to level off. Michael Saylor has justified the company’s choice to invest in Bitcoin. With an incre...
TRON DAO Reserve Withdraws 2.5 Billion TRX From Binance to Safeguard USDD Peg
The last thing Justin Sun – founder of TRON – would like to see is the UST-Terra fiasco being repeated again on his stablecoin project USDD. The confident founder, who had vowed the lost peg of the st...
The Federal Reserve Cannot ‘Tighten’ Credit, and It Never Could
Back before Facebook was a public company, founder Mark Zuckerberg had a bit of a reputation with venture capitalists. He would show up to meetings in shorts, flip flops, and with messy hair. His not-...
In Conversation With the Federal Reserve Chief Innovation Officer
The reality is, this industry doesn’t even know that the Fed wants to hear from them, let alone how to talk to the Fed. The simplest way I would implore your audience [to do] is, number one, our...
Stocks Pare Back Gains After Federal Reserve Hikes Rates By 75 Basis Points
Topline The stock market opened higher on Wednesday but pared back gains after the Federal Reserve raised interest rates by 75 basis points—the largest increase in 28 years, as investors continue to w...
Federal Reserve interest rate decision, June 2022
The Federal Reserve is expected to raise interest rates on Wednesday by 0.75%, the largest bump at a single meeting since 1994. In the face of higher-than-expected inflation and deteriorating consumer...
ETH, BTC Remain Lower Ahead of Federal Reserve Rate Decision – Market Updates Bitcoin News
ETH was close to falling below $1,000 on Wednesday, as markets began to prepare for the latest Fed policy meeting. Many expect that the FOMC will opt to hike interest rates today, as inflation continu...
Opinion: Jerome Powell is the worst Federal Reserve policy maker in my lifetime
In the history of the Federal Reserve, the most revered chairmen are William McChesney Martin, Paul Volcker and Alan Greenspan. All gained their reputation by decisive monetary policy action at times ...