It’s just a bloodbath across the board in markets this week. Or, to be honest, it has been all year. Even gold, the supposed safe-haven asset to rule them all, has struggled mightily, dropping to a 2-...
Tag: Reserve
Reserve Rights mainnet readies for launch: here’s where to buy RSR, its native token
The Reserve Rights (RSR/USD) cryptocurrency is rallying ahead of its mainnet launch which sources indicate is almost complete. At press time, the RSR had gained 29.91% in the past 24 hours to trade at...
Republican Lawmakers File Amicus Brief in Support of Custodia Bank’s Legal Battle With the Federal Reserve
In Custodia’s complaint, lawyers for the Wyoming-based bank argued that a master account was “vital to Custodia’s ability to operate effectively and efficiently,” and that the Fed’s continued waffling...
Bitcoin drops 6.5% after Fed’s 75 bps rate hike; Tether under pressure to produce documents on USDT reserve
The biggest news in the cryptosphere for Sept. 21 includes Bitcoin tanking 6.5% after Fed announced a 75 bps rate hike, a court ordering Tether to provide documents on its reserves, and Ethereum Devs ...
Bitcoin Falls to $19k as Federal Reserve Announces 75 BPS Rate Hike
Following a two-day Federal Open Markets Committee (FOMC) meeting, the Federal Reserve has risen its benchmark interest rate by another 75 BPS. Bitcoin’s price reacted erratically to the news, droppi...
All Eyes on U.S Federal Reserve Over Interest Rate Hike
57 seconds ago | 2 mins read Bitcoin News Macro concern keeps the Bitcoin price below the $20,000 mark. Wall Street anticipates a rate rise of 75 basis points from the Federal Reserve this month. The ...
Federal Reserve Hikes Benchmark Bank Rate by 75bps to Battle Elevated Inflation – Economics Bitcoin News
The U.S. Federal Reserve raised the federal funds rate on Wednesday afternoon by three-quarters of a percentage point. The central bank’s move follows the consumer price index (CPI) report last week t...
Here’s everything the Federal Reserve is expected to do today
Construction workers outside the Marriner S. Eccles Federal Reserve Building, photographed on Wednesday, July 27, 2022 in Washington, DC. Kent Nishimura | Los Angeles Times | Getty Images There’...
New York court orders Tether to provide documents on USDT reserve
A New York court ordered Tether to provide financial records showing the backing for USDT. According to the order, Tether is to produce all records of transfer of trade of any cryptocurrency or stable...
Voters skeptical of Federal Reserve digital currency, poll finds
More than half of voters in Senate battleground states oppose a digital currency issued by the Federal Reserve, according to a new poll commissioned by a conservative group. The new survey comes as t...
Federal Reserve eyes another historic rate hike on Wednesday
All eyes are on the Federal Reserve as the central bank kicks off a two-day policy meeting Tuesday, as officials are widely expected to raise short-term interest rates by three-quarters of a percentag...
Cogito Protocol To Use Cardano Djed As a Treasury Reserve for Its Stablecoins
– Advertisement – COTI announces yet another partnership for Cardano’s stablecoins. COTI, a DAG-based layer-1 protocol and the official issuer of Cardano stablecoin Djed, has announced yet...
Voters Skeptical Of Federal Reserve Digital Currency
53% of citizens in milestone states say they go against a computerized cash gave by the Central bank Voters were polled in Arizona, Colorado, Florida, Georgia, Nevada, New Hampshire The study addition...
Reserve Bank of India seeks a ‘phased implementation’ of the digital rupee
On Tuesday, September 20, the Governor of the Reserve Bank of India (RBI), Shaktikanta Das, said that the country’s central bank is dedicated to fostering innovation for financial technology businesse...
U.S. Strategic Petroleum Reserve drops to lowest level in over 30 years
The amount of crude oil in the United States Strategic Petroleum Reserve (SPR) has dropped to historical levels at a period the country is battling with skyrocketing gasoline prices. In particular, o...
Federal Reserve Hawkish on Hiking Interest Rate
One more installment of interest rates hike is assumed to be around the corner. The rumors and skepticism emerged after several slight indications. On Wednesday, September 7th, 2022, Vice Chair Lael B...
The Strategic Petroleum Reserve Is At Its Lowest Level Since 1984
HOUSTON, TEXAS – APRIL 01: A person pumps gas at a Shell gas station on April 01, 2022 in Houston, … [+] Texas. The Biden administration announced Thursday that the U.S. will release up to...
Could China’s Yuan replace the U.S. dollar as the world’s dominant currency? Here’s how the Asian nation’s trade supremacy is quickly boosting its reserve status
Could China’s Yuan replace the U.S. dollar as the world’s dominant currency? Here’s how the Asian nation’s trade supremacy is quickly boosting its reserve status China’s economy has been immense...
Reserve Bank of India preparing to trial a CBDC with public sector banks and fintechs
The Reserve Bank of India (RBI) is in talks with fintech companies and state-controlled banks about a trial run of a central bank digital currency (CBDC), local publication Moneycontrol reported on Se...
Bitcoin Derivatives Reserve Surges Up, More Volatility Soon?
On-chain data shows the Bitcoin derivatives exchange reserve has surged up recently, a sign that the crypto may face more volatility in the near future. Bitcoin Derivatives Exchange Reserve Observes U...
From Striking Down The Reserve Clause To Better Salaries, Here’s What Could Happen If Minor Leaguers Unionize
Should players in Minor League Baseball unionize, it would see a fundamental shift on a host of … [+] issues. (Photo by Jill Weisleder/MLB Photos via Getty Images) MLB Photos via Getty Images Th...
U.S Federal Reserve Discussion Document Took a Hard and Cold Look Over DeFi And Presented Mixed Opinions
At present, over 1400 DApps are functioning in the market. The collective gross value of DeFi products lies from $78billion to $224 billion at the beginning of H2 of 2022. Currently, there are approxi...
Fed Reserve Eyes Payment Facilitation System ‘FedNow’ Launch
10 seconds ago | 2 mins read Bitcoin News Brainard urged U.S. banks and software developers to prepare for the debut. The Vice-chair said the service’s use of cloud computing made it possible. FedNow,...
New US Federal Reserve Instant Payment System ‘FedNow’ Will Not Use XRP
– Advertisement – US Federal Reserve’s upcoming FedNow is not using XRP as a bridge currency. Despite recent tweets making the rounds, the Fed will not use XRP within FedNow, its latest ...
Abra CEO Says It’s Game On for Bitcoin and Crypto After Federal Reserve Gives Signal for ‘Great Pause’ – Here’s His Timeline
Despite the downward price action this week, the CEO of crypto wealth management platform Abra thinks macroeconomic forces could soon drive bullish price action for crypto. Bill Barhydt says in a new ...
Bitcoin ownership, miner reserve have a tale you have never heard of
It looks like a season of change for Bitcoin after news came out about changing ownership patterns. Crypto reporter Colin Wu reported on major BTC liquidations in the past few days. According to his u...
Federal Reserve Sets July 2023 Date for FedNow Instant Settlement Service Launch
The Federal Reserve has announced that its instant settlement service FedNow will launch by July 2023. Over 120 organizations have already signed up to participate in the pilot program, which will beg...
Federal Reserve Fighting Inflation Is Bad For Bitcoin Says Bitfury CEO
The Federal Reserve’s (Fed) war on inflation is suppressing the price of Bitcoin, says Bitfury CEO Brian Brooks. According to the Bitfury boss, traders do not perceive BTC as a great hedge against inf...
Senator Warren ‘Very Worried’ About Federal Reserve Raising Interest Rates, Tipping US Economy Into Recession – Economics Bitcoin News
U.S. Senator Elizabeth Warren says she is “very worried” that the Federal Reserve will tip the economy into recession. “There is nothing in raising the interest rates, nothing in Jerome Powell’s tool ...
Could China’s Yuan replace the U.S. dollar as the world’s dominant currency? Here’s how the Asian nation’s trade supremacy is rapidly boosting its reserve status
Could China’s Yuan replace the U.S. dollar as the world’s dominant currency? Here’s how the Asian nation’s trade supremacy is rapidly boosting its reserve status China’s economy has been immense...
The Federal Reserve Can’t Back Down on Inflation in the Face of Recession
Text size The prospect of recession is raising alarm among households, firms, and investors alike. Spencer Platt/Getty Images About the author: Carl Tannenbaum is the executive vice president and chie...