Category: Federal Reserve

Crypto Biz: The real reason crypto hodlers should care about the Federal Reserve, April 28–May 4, 2022

May 6, 2022

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Wall Street’s slow embrace of crypto means we all have to start watching the Federal Reserve again. Cointelegraph parsed through the latest Federal Open Market Committee (FOMC) policy statement on Wednesday to try and uncover some nuggets of useful information. You can think of it as an exercise in financial esoterics to uncover the hidden […]

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‘Someone is blowing up’ — Bitcoin sees 2022 volume record amid hopes capitulation is over

May 6, 2022

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Bitcoin (BTC) dipping below $36,000 “smells like capitulation,” one trader says as suspicion mounts over U.S. stock markets. In a tweet on May 6, Cointelegraph contributor Michaël van de Poppe suggested that the BTC price was at least giving “serious signals.” Analyst: Stocks saw “forced liquidation” After plunging to 10-week lows in line with equities on […]

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Bitcoin funds saw largest single week of outflows since June 2021

May 4, 2022

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“It is difficult to ascertain the precise reason for this other than the hawkish rhetoric from the US Federal Reserve and the recent price decline,” CoinShares wrote. 2432 Total views 42 Total shares Institutional investors shed $133 million worth of Bitcoin (BTC) investment products last week, marking the largest week of outflows since June last […]

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Weiss Ratings issues warning over crypto mortgage risks

May 3, 2022

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Weiss analysts are wary over the usage of volatile crypto assets as collateral for long-term property loans. 915 Total views 44 Total shares Florida-based ratings and research firm Weiss Ratings has fired out a warning over the risks of crypto mortgages amid the current economic climate in the United States. The company paid particular focus […]

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US Senate confirms Lael Brainard as Fed vice chair

April 26, 2022

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In a 52–43 vote on the Senate floor on Tuesday, U.S. lawmakers confirmed Lael Brainard as vice chair of the Federal Reserve System for four years. 1551 Total views 6 Total shares After weeks of delays due,  in part, to partisan obstructionism, the United States Senate has confirmed the nomination of Lael Brainard, a member […]

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President Biden announces former Ripple adviser as pick for Fed vice chair for supervision

April 15, 2022

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The vice chair for supervision seat at the Federal Reserve has been vacant since governor Randal Quarles’ term ended in October 2021. 24005 Total views 91 Total shares Following the withdrawal of former Federal Reserve Board governor Sarah Bloom Raskin, United States President Joe Biden has announced his intention to nominate former Obama administration official […]

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Ted Cruz introduces companion to Emmer’s bill to exclude Fed retail CBDC digital currency issue

March 30, 2022

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Cruz lends his support to a bill that would keep the U.S. off “an insidious path akin to China’s.” 2237 Total views 21 Total shares Texas Sen. Ted Cruz introduced companion legislation into the U.S. Senate on Wednesday for Minnesota Rep. Tom Emmer’s bill prohibiting the Federal Reserve from issuing central bank digital currency, or […]

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Biden’s Fed picks are likely headed to Senate vote after partisan delay

March 29, 2022

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“A small but loud minority have wrongly claimed that Lisa Cook doesn’t meet the standards for this position — standards that only seem to apply for certain nominees,” said Sherrod Brown. 1257 Total views 27 Total shares The United States Senate will vote on President Joe Biden’s nominations to the Federal Reserve after delays instigated […]

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Here’s why Bitcoin bulls will defend $42K ahead of Friday’s $3.3B BTC options expiry

March 23, 2022

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Over the past two months, Bitcoin (BTC) has respected an ascending triangle formation, bouncing multiple times from its support and resistance lines. While this might sound like a positive, the price is still down 11% year-to-date. As a comparison, the Bloomberg Commodity Index (BCOM) gained 29% in the same period. Bitcoin/USD 1-day chart at FTX. […]

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Biden’s pick for Fed vice chair for supervision withdraws amid Republican objections

March 15, 2022

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“We are witnessing a drive to make financial risk a tawdry political issue,” said Sarah Bloom Raskin. 1758 Total views 24 Total shares Former Federal Reserve Board governor Sarah Bloom Raskin has withdrawn her name for consideration as the central bank’s vice chair for supervision in an attempt to allow other nominations to move forward. […]

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