The deputy governor of the Reserve Bank of India, T. Rabi Sankar, has stated that cryptocurrencies are similar to Ponzi schemes. He has advocated for a ban on cryptocurrencies, saying it is a better o...
Tag: Reserve
Charles Hoskinson does not see Bitcoin (BTC) as a world reserve currency
Cardano’s founder, Charles Hoskinson, does not see a time when Bitcoin (BTC/USD) will be adopted as the world’s reserve currency. Hoskinson, who is also a co-founder of the Ethereum network, has not b...
Charles Hoskinson Doubts Bitcoin Will Be World’s Reserve Currency
Alex Dovbnya It’s “not impossible” for Cardano to take on the mantle of the world’s reserve currency, says Input Output CEO Charles Hoskinson During a recent interview, Input Output ...
Growing Distrust Of Federal Reserve Heightens Concerns Of Incompetence
The seal of the Board of Governors of the Federal Reserve System in Washington, DC. (Photo by Brooks … [+] Kraft/ Getty Images) Getty Images Negativity about the Federal Reserve reached new, ser...
Will Ripple’s Connection With The Federal Reserve Turn Tables Around Its Lawsuit?
The global crypto market sees constructive developments around its longstanding top tier protocol’s lawsuit. The Ripple SEC clash has been coming across a series of motions and retaliations from the p...
“Trying to Keep an Open Mind”-Federal Reserve Governor Bowman On CBDCs
Federal Reserve Governor Michelle Bowman opined that central bank is exploring the benefits of CBDCs while speaking at Independent community bankers of America meeting. The widespread adoption and use...
Two Senior Federal Reserve Staffers Made Trades Amid Central Bank’s 2020 Stimulus
Topline Two senior Federal Reserve staffers reported a series of financial trades as the central bank was putting in place historic levels of stimulus to prop up the economy at the onset of the Covid-...
US Federal Reserve bank at the helm of CBDC research effort appoints new president
The Federal Reserve Bank of Boston, or Boston Fed, has selected economist Susan M. Collins, University of Michigan provost, to serve as its new president and chief executive officer. The seat has beco...
Federal Reserve and MIT Begin Developing a New Digital Dollar
The United States Federal Reserve and researchers at the Massachusetts Institute of Technology (MIT) are collaborating on a central bank digital currency (CBDC) initiative called Project Hamilton. Pro...
Federal Reserve Bank of Boston and MIT Release Central Bank Digital Currency Research and Open-Source Code – Regulation Bitcoin News
The Federal Reserve Bank of Boston and the Massachusetts Institute of Technology (MIT) have jointly published the initial findings of their central bank digital currency (CBDC) research. They also pub...
WildEarth Minting Game Reserve Animal NFTs for Conservation
Wildlife streaming service WildEarth is minting non-fungible tokens (NFTs) of game reserve animals to raise money for conservation. The NFTs will feature 25 of the most prominent animals on the Djuma ...
Federal Reserve Bank of Boston and MIT report on Project Hamilton’s first phase
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...
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 ...
MicroStrategy buys the dip, adding 660 more BTC to its reserve
In its first major purchase of the year, MicroStrategy added 660 additional BTC to its reserves, which currently holds over 125,000 BTC. MicroStrategy’s doubles down on Bitcoin following conference an...
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, ...
Data Shows Strong Correlation Between Bitfinex Reserve & Bitcoin Price During Crash To $35k
On-chain data suggests there may have been a strong correlation between the Bitfinex Reserve and the Bitcoin price during the crash to $35k. Bitfinex Reserves Rose Sharply As BTC Price Plunged Down To...
Bank of America Says US CBDC Would Preserve Dollar’s Status as World’s Reserve Currency
Stablecoins are likely to see an increase in usage in the absence of CBDCs, the bank noted, adding that the two largest by market value, tether and USD coin, had a combined market value of around $121...