Terra founder Do Kwon in a tweet on Tuesday revealed plans to increase UST’s bitcoin reserves to $10 billion. The Luna Foundation Guard has already raised $2.2 Billion and plans to meet the short-term...
Tag: Reserve
Do Kwon reveals plan to increase UST’s bitcoin reserve to $3 billion
The Luna Foundation Guard (LFG) has raised $2.2 billion for its bitcoin reserve and hopes to hit $3 billion in the short term, with a longer-term goal of $10 billion, Terraform Labs CEO Do Kwon said i...
Terra buys $125 million of Bitcoin for its reserve
Terra, in recent weeks, has emerged as one of the best-performing digital assets, with its price-performance outpacing the majority of its competitors. The network, however, made a startling revelatio...
China Owes Federal Reserve For Saving 5.5% Growth Target
Xi Jinping greets the media at the Great Hall of the People on November 15, 2012 in Beijing, China. Feng Li/Getty Images As Jerome Powell threatens to pick up the pace of tightening, Xi Jinping’s Chin...
The President Of The Federal Reserve Bank Of New York Is Pushing More Quicker Raising Rates, Claiming That Now The Fed Fears Losing All Credibility On Its Own Inflation Expectations
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Reserve Bank of India Advocates for Crypto Ban
The Reserve Bank of India (RBI) has advocated for a blanket ban to be imposed on the digital currency ecosystem as the central bank believes this nascent asset class poses a threat to the rise of the ...
Federal Reserve Bank President Pushes for Faster Rate Hikes — Says the Fed Risks Losing Credibility on Inflation Target – Economics Bitcoin News
The president of the Federal Reserve Bank of St. Louis, James Bullard, has called for more aggressive measures to combat inflation and reduce the size of the Fed’s balance sheet. “The burden of excess...
Idea to Use Digital Ruble as Reserve Currency Circulated in Sanctioned Russia – Finance Bitcoin News
A call to make the digital ruble a reserve currency has been issued in the State Duma, the lower house of Russia’s parliament. Meanwhile, concerns have been raised in the West that the new incarnation...
Exchange Reserve Loses Another 50k BTC Over Past Week
On-chain data shows the Bitcoin exchange reserve has lost another 50k BTC over the past week, a sign that could be bullish for the price of the crypto. Bitcoin Exchange Reserve Continues To Observe Fu...
The Federal Reserve just hiked interest rates — here’s the next shoe to drop
The Federal Reserve entering an interest-rate hiking cycle will have ramifications for the U.S. economy over time, stresses former Fed economist Vincent Reinhart. “Mortgages will be a little mor...
US Federal Reserve Raises Interest Rates since 2018: Implications for Crypto
The United States Federal Reserve announced to raise its interest rates by 25 basis points, the first time in about three years it will be making such a move since December 2018. When the Coronavirus ...
US Federal Reserve increases interest rates causing Bitcoin worries
TL;DR Breakdown: The Federal Reserve increases interest rates for the first time since 2018. Interest rates will increase by 0.25% with a further hike in projection. Increasin rates could drive inv...
Federal Reserve Hikes Interest Rates
Key Takeaways The FOMC of the Fed opted to raise the interest rate by 25 basis points today, or 0.25%. It also revised its GDP projections down for the year, from 4% to 2.8%. Chair Powell said the Fed...
Federal Reserve Alert: How to Trade Nasdaq, S&P After the Rate Hike
The day is finally here. Later this afternoon, the Federal Reserve will announce its first rate hike in quite some time. Investors have been fearful of a rate hike for several months now, part of the ...
Federal Reserve meeting:
The Federal Reserve on Wednesday approved its first interest rate increase in more than three years, an incremental salvo to address spiraling inflation without torpedoing economic growth. After keepi...
Dow Jumps 400 Points As Stocks Continue To Rebound Ahead Of Federal Reserve Decision
Topline The stock market opened higher on Wednesday, adding to gains earlier this week, as investors await the Federal Reserve’s latest monetary policy decision, with the central bank expected to rais...
How Will Bitcoin React to the Federal Reserve FOMC Statement?
Bitcoin has been trading sideways ahead of the Federal Reserve (Fed) FOMC statement. The FOMC projections are also expected to be released following the rate statement. Q4 2021 volumes have gone up or...
Why the Federal Reserve raises interest rates to combat inflation
The Federal Reserve building in Washington, January 26, 2022. Joshua Roberts | Reuters The Federal Reserve is poised to announce its first interest rate hike since 2018 on Wednesday. The central bank ...
Bitcoin Price (BTC) Sticks To $38k Ahead Of Federal Reserve Rate Hike
Bitcoin held at around $38,000 on Tuesday, with most major cryptocurrencies seeing little movement as caution kicked in ahead of a two-day U.S. Federal Reserve meeting. The central bank is widely expe...
Gold 2.0? Try Reserve Asset 3.0
From there, Bretton Woods II was born, where the dollar still dominates, but in a system that mostly uses “inside money.” Inside money is made up of claims that are someone else’s liability, while out...
Professor At Wharton Encourages The Federal Reserve To Bite The Bullet As Well As Protect The US Dollar, Warning Against Bitcoin’s Takeover
The Federal Reserve is so far behind the curve that they have a lot of inflation embedded in, and that the Fed will have to increase many more times than the market expects. In response to Federal Res...
Federal Reserve expected to raise interest rates in week ahead
A trader on the NYSE, March 11, 2022. Source: NYSE Investors may take the Federal Reserve’s first post-pandemic interest rate hike in stride, while uncertainty over the Ukraine crisis continues ...
Bitcoin Outflows Spike As 30k BTC Exits Exchanges, Reserve Plunges Down
Bitcoin outflows have shown a spike amounting to 30k BTC today, leading to a plunge in the all exchanges reserve. Bitcoin Netflow Shows Deep Negative Spike As 30k BTC Exits Exchanges As pointed out by...
Federal Reserve Collaborates with Cyppherium for Instant Payment Service
The Federal Reserve in the US officially launched the first-ever FedNow Service Provider Showcase on Tuesday that aims to offer financial users and institutions a wide variety of financial services to...
Federal Reserve works with China’s blockchain ally for instant payments
The United States Federal Reserve is moving forward with its real-time payment project FedNow Service by starting experimenting with the blockchain infrastructure. On Tuesday, the Fed officially launc...
How the Federal Reserve could cut its near $9 trillion balance sheet as it fights inflation
Slimming down might be the trickiest part after two years of the pandemic. As the Federal Reserve looks to shrink its near $9 trillion balance sheet to help cool U.S. inflation pegged at a 40-year hig...
Bitcoin Exchange Reserve Has Now Reached An Equilibrium After 2 Years Of Downtrend
On-chain data shows the percentage of Bitcoin supply on exchanges seems to have plateaued over the past few months, ending an overall downtrend that lasted about two years. Bitcoin Exchange Reserve St...
Federal Reserve Chairman says the war in Ukraine might create higher inflation
Jerome Powell, Federal Reserve Chairman, said the conflict in Ukraine might create a rise in inflation. The central bank expects this setback would diminish price pressures in the coming months. Howev...
Watch Federal Reserve Chair Powell speak live
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell speaks Thursday before the U.S. Senate Comm...
Weekend reads: There’s a recession warning as the Federal Reserve fights inflation
The Federal Reserve this week increased the federal funds rate for the first time since 2018. Long-term market interest rates had risen significantly as investors anticipated that the central bank wou...