Soon after the fall of prominent crypto exchange FTX, almost every other player in the crypto exchange space started their innocence. Leading crypto exchanges came forward and started showcasing their...
Tag: Reserve
Bitcoin Always Does This After Federal Reserve FOMC Meetings
The Bitcoin (BTC) price action has kept traders and investors on the edge of their seats as macro factors keep pulling prices down. The Federal Reserve continued its aggressive monetary policymaking,...
Why LINK investors might be sitting on a goldmine thanks to proof of reserve
LINK’s velocity and supply in smart contracts dropped significantly in the last five days However, LINK held in smart contracts grew substantially during the last four weeks It is often difficult to f...
Crypto.com Holds $558M Worth Of Shiba Inu As Reserve, Holding More Shib Than Ethereum
– Advertisement – Shiba Inu Accounts For Over Half A Billion of Crypto.com’s Asset Reserves. Crypto.com says Shiba Inu accounts for nearly 20% of its reserve. While the Proof of Reserves a...
Crypto.com CEO Shares Company’s Crypto Reserve Addresses in the Wake of FTX Bankruptcy – Bitcoin News
On Nov. 11, 2022, the CEO of Crypto.com Kris Marszalek shared the company’s proof-of-reserves addresses that hold leading crypto assets like bitcoin and ethereum. Marszalek says a “proof-of-reserves a...
New York Federal Reserve Partners With MAS to Research on wCBDCs
A new collaboration between the Federal Reserve Bank of New York’s New York Innovation Center (NYIC) and the Monetary Authority of Singapore (MAS) has been confirmed to be targeted toward research int...
In Light of the FTX Collapse, Team Behind Chainlink (LINK) Offers a Proof of Reserve Solution
The team behind Chainlink (LINK) says the decentralized oracle network is offering a service that can address the transparency issues in the crypto industry after the recent FTX fiasco. According to C...
Chainlink Proof of Reserve Provides Enhanced Protections for Crypto Ecosystem
Chainlink Proof of Reserve (PoR) provides decentralized solutions. Enhances transparency, user trust and protects from any risks. PoR can offer advanced functions to the wider crypto ecosystem. Cryp...
Revealed: 11 factors that overshadow crypto in terms of risk – US Federal Reserve Bank
The traditional financial market has been a high critic of crypto in terms of risk. A report shared by the BOG of the United States of America (US) Federal reserve system from a survey by the Federal ...
FTX’s stablecoin reserve falls 93% in 2 weeks, amid rumors of insolvency
Sam Bankman-Fried’s cryptocurrency exchange FTX is seemingly undergoing intense withdrawal pressure, amid ongoing speculations that the company could be heading for insolvency. Although FTX hasn...
USDC Issuer Circle Plans To Pour Investment In Circle Reserve Fund Amid Bearish Market
The USDC issuer has started investing funds into its CRF (Circle Reserve Fund) to ensure that holders can redeem their coins when they want. Many crypto firms faced issues this 2022 due to the market ...
Federal Reserve: Rising Rates Raise Two Key Questions
Fed Chair Jerome Powell at news conference following FOMC meeting, Nov. 2. (AP Photo/Patrick … [+] Semansky) Copyright 2022 The Associated Press. All rights reserved. Fed Chair Powell confirmed ...
Circle To Invest in BlackRock Managed Circle Reserve Fund
10 seconds ago | 2 mins read Editors News Together with the asset manager, it established a government money market fund. The official blog article states that it will be exclusive to Circle. Circle, ...
Circle Starts Investing in BlackRock-Developed Reserve Fund
The issuer of the stablecoin USDC – Circle – announced investing in the Circle Reserve Fund to manage a portion of the USDC reserves. The SEC-registered fund was set up by BlackRock, and its portfolio...
Circle starts pouring money into its Reserve Fund, aims to fill it in 2023
Circle, the issuer behind USD Coin (UDSC), announced that it has now begun to invest part of its funds in Circle Reserve Fund, created earlier in a partnership with the world’s largest asset manager, ...
Circle Has Started Building New Reserve Funds With BlackRock
Circle, the Web3.0 unicorn that is in charge of the issuance and maintenance of the USD Coin (USDC) stablecoin, has revealed it has started building a new and robust reserve fund dubbed the Circle Res...
US jobs number signals strength; Federal Reserve President hints at “higher endpoint”
The US jobs report for October proved to be a bit of a mixed bag but showed that demand remains robust, labour market conditions are tight and participation rates remain relatively unchanged. Despite ...
Circle Begins Putting Money into Its Reserve Fund, Plans to Have It Fully Stocked by 2023
According to Circle, the assets will be kept at the Bank of New York Mellon, where the fund will be governed under the Investment Company Act of 1940, which calls for an independent board and daily po...
Zombies run for shelter as Federal Reserve hawks look to a higher dot plot
As expected, Jerome Powell and the Federal Reserve raised interest rates by 75 bps for the fourth consecutive time this year, to the 3.75% – 4% corridor. This was in line with market expectation...
Deribit hacked for $28m; Company reserve covers loss
Deribit recently became a victim of the hacking attack as its hot wallet was compromised for funds worth $28 million in value. The Incident reportedly happened in the late evening of November 01, 2022...
Bitcoin Tanks After Federal Reserve Announces 75-Basis Point Rate Hike
The U.S. Federal Reserve announced a 75 basis point hike in interest rates on Nov. 2, 2022, causing crypto and stock markets to tank. After the hawkish speech by the Federal Reserve chairman Jerome H...
Federal Reserve Announces 75 BPS Rate Hike, Bitcoin Rockets to $20,600
The Federal Reserve on Wednesday hiked its benchmark interest rate by another 75 basis points after its regularly scheduled Federal Open Markets Committee meeting. As usual, Bitcoin experienced vola...
What Next For The Strategic Petroleum Reserve?
In an aerial view, the Strategic Petroleum Reserve storage at the Bryan Mound site is seen on … [+] October 19, 2022 in Freeport, Texas. (Photo by Brandon Bell/Getty Images) Getty Images The Adm...
Reserve Bank of India (RBI) Launches CBDC Pilot Phase
14 mins ago | 2 mins read Altcoin News The CBDC pilot programme at India’s central bank began earlier today. The RBI has released the digital rupee, commonly known as the e-rupee. Although cryptocurre...
India’s Reserve Bank To Launch Digital Rupee Pilot
The Reserve Bank of India (RBI) has announced it is set to launch a digital rupee pilot as early as the 1st of November. The bank had announced its digital rupee project back in February 2022. Accordi...
The Fed’s Repo And Reserve Payouts Have Populists In A Bind
WASHINGTON, DC – SEPTEMBER 28: Chairman Sherrod Brown (D-OH) questions Treasury Secretary Janet … [+] Yellen and Federal Reserve Chairman Powell during a Senate Banking, Housing and Urban ...
Reserve Bank of India to reportedly launch digital rupee pilot in November
The Reserve Bank of India (RBI) is on track to debut a central bank digital currency (CBDC) after announcing its digital rupee project in February. The central bank of India will launch the digital ru...
US Lawmakers Probe SEC, Treasury, Federal Reserve Over Revolving Door With Crypto Industry – Regulation Bitcoin News
U.S. lawmakers have raised concerns about the revolving door between financial regulators and the crypto industry. “Over 200 government officials have moved between public service and crypto firms,” t...
Federal Reserve Chairman Jerome Powell Faces Political Pressure Over Interest Rate Hikes – Economics Bitcoin News
U.S. Senator Sherrod Brown has asked Fed Chair Jerome Powell not to forget the Federal Reserve’s “dual mandate” when making decisions about hiking interest rates at the next Federal Open Market Commit...
‘From Bambi to Godzilla.’ Strategist David Rosenberg skewers the Federal Reserve as he sees a 30% hit to home prices and the S&P 500 returning to an early 2020 low
The last time David Rosenberg shared his outlook for the U.S. stock market and the economy with MarketWatch, in late May, it was depressing enough. Rosenberg is the widely followed president and chief...
20 dividend stocks that may be safest if the Federal Reserve causes a recession
Investors cheered when a report last week showed the economy expanded in the third quarter after back-to-back contractions. But it’s too early to get excited, because the Federal Reserve hasn’t given ...