Category: Federal Reserve

Bitcoin price bounces at $50K amid 4-month highs for DXY

March 25, 2021

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Bitcoin (BTC) fell to its lowest level since March 8 on Thursday as U.S. dollar strength added to selling pressure near $60,000. BTC/USD 1-day candle chart (Bitstamp). Source: Tradingview BTC price saved from $40,000 zone Data from Cointelegraph Markets Pro and Tradingview showed BTC/USD testing $50,000 for the first time since sealing the level as support […]

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Bitcoin is ‘more a substitute for gold than the dollar’ — Fed Chair Powell

March 22, 2021

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Jerome Powell reiterates his opinion about Bitcoin as a gold substitute, but a sell-off accompanies his other criticisms. 16153 Total views 64 Total shares While Bitcoin (BTC) is too volatile to be money and is “backed by nothing,” it could be a “substitute for gold,” said the chair of the United States Federal Reserve. Speaking […]

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Bitcoin’s new use case? A report card for how the US handles the dollar

March 21, 2021

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Throughout the middle of March, many Americans received stimulus checks from the government, and while the payments — $1,400 for every U.S. citizen earning less than $80,000 annually — will be a blessing for millions in desperate economic straits as a result of the COVID-19 crisis, it has raised again the specter of inflation. And […]

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Bitcoin prints biggest hourly candle in history after BTC rebounds strongly to $54K

February 22, 2021

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Bitcoin (BTC) fell below $50,000 on Feb. 22 as a correction gathered pace at Wall Street’s opening to deliver 20% daily losses prior to a strong response from the bulls.  BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview Bitcoin loses $6,000 in minutes Data from Cointelegraph Markets and TradingView shows BTC/USD falling heavily during Monday trading, hitting […]

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Why the US Needs Bitcoin

February 17, 2021

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Elon Musk and other VIPs have endorsed it. Here’s why the Federal Reserve should seriously consider BTC for its balance sheet. The Federal Reserve building in Washington, D.C.(Stefani Reynolds/Bloomberg) Feb 17, 2021 at 2:30 p.m. UTC The United States will adopt bitcoin as a reserve asset. Why? Because it is unequivocally in U.S. strategic interests […]

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US Federal Reserve Looking to Hire a Manager to Research Stablecoins and CBDCs

January 29, 2021

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The job listing follows comments made by Fed Chair Jerome Powell in recent weeks where he said the central bank needed “better regulatory answers” for global stablecoins. Federal Reserve building, Washington, D.C. (Steve Heap/Shutterstock) Jan 29, 2021 at 10:10 p.m. UTC US Federal Reserve Looking to Hire a Manager to Research Stablecoins and CBDCs The […]

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Bitcoin Drops Below $30K, Dollar Bounces Ahead of Fed Reserve Rate Announcement

January 27, 2021

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Bitcoin would likely extend losses further if Fed Chairman Jerome Powell drops hints of a gradual unwinding of stimulus programs later today. Jan 27, 2021 at 12:48 p.m. UTCUpdated Jan 27, 2021 at 2:55 p.m. UTC Bitcoin Drops Below $30K, Dollar Bounces Ahead of Fed Reserve Rate Announcement Bitcoin and global equities are trading lower, […]

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Senate committee votes unanimously in favor of Yellen as Treasury Secretary

January 22, 2021

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The Senate Committee on Finance backed Yellen’s nomination in a show of bipartisan support. 13720 Total views 24 Total shares Janet Yellen, the former Chair of the Federal Reserve, is one step closer to earning the nomination of Treasury Secretary.  The Senate Committee on Finance voted unanimously to approve Yellen’s nomination Friday morning, setting the […]

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US Fed: CBDC a ‘very high priority’ to combat bad private sector money

January 15, 2021

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The United States Federal Reserve needs its own digital currency to protect against a possible overnight proliferation of stablecoin technology, says Fed chairman Jerome Powell. 7893 Total views 49 Total shares Cryptocurrency stablecoins could become systemically important overnight, says United States Federal Reserve Chairman Jerome Powell, and that’s why the Fed is determined to get […]

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Fed’s Powell Wins Forbes’ Crypto Person of the Year Honors; Do They Give Awards for Snark?

December 27, 2020

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Dec 27, 2020 at 12:48 a.m. UTCUpdated Dec 27, 2020 at 1:29 a.m. UTC Fed’s Powell Wins Forbes’ Crypto Person of the Year Honors; Do They Give Awards for Snark? U.S. Federal Reserve Chairman Jerome Powell is the winner of Forbes’ inaugural “Person of the Year in Crypto” award, an honor for which the central […]

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