Category: Federal Reserve

Biden admin weighing bank-like regulation for stablecoin issuers

October 1, 2021

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The United States government appears keen to tame the rapidly growing stablecoin market, according to reports. 4016 Total views 28 Total shares The Biden administration is reportedly considering a new legal framework for stablecoin issuers that would put them in the same category as banks, raising questions about the future of crypto regulation in the […]

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3 factors that can send Ethereum price to 100% gains in Q4

October 1, 2021

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Ethereum’s native token, Ether (ETH), has the potential to double its market valuation in the coming months, thanks to a confluence of supportive technical and fundamental indicators. Ether’s price soared by more than 9% on Oct. 1 to hit nearly $3,300 for the first time in 10 days. Its gains surfaced primarily in the wake […]

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Bitcoin price eyes $50K as the US Dollar retreats after hitting its one-year high

October 1, 2021

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Bitcoin (BTC) looks to reclaim $45,000 on Oct. 1 as the U.S dollar retreated lower after hitting its one-year high. Bitcoin’s tight inverse correlation with the greenback over the past month suggests that a weakening dollar could push BTC price even higher in the coming sessions.  Bitcoin-dollar correlation on hourly chart. Source: TradingView.com Dollar drops […]

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Digital dollar advocate will retire as Dallas Fed president

September 27, 2021

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At a November 2020 virtual conference, Rob Kaplan said “it is critical that the Fed focuses on developing a digital currency in the coming months and years.” 2033 Total views 42 Total shares Rob Kaplan, the president and chief executive officer of the Federal Reserve Bank of Dallas will step down from his position after […]

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Bitcoin jumps toward $49K amid fears 5%-plus inflation is here to stay

September 18, 2021

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Bitcoin (BTC) inched higher on Sept. 18 as the focus shifted to the Federal Open Market Committee’s (FOMC) policy meeting in the wake of lower inflation numbers last Tuesday. The BTC/USD exchange rate approached $49,000 on the Coinbase exchange, hitting $48,825 before turning lower on interim profit-taking sentiment. Nonetheless, the move uphill raised expectations that […]

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CBDCs could lead to ‘deeply negative interest rates’: Wall Street Journal

September 10, 2021

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Issuing CBDCs may give a central bank more power over interest rate adjustments according to a new report. 2418 Total views 12 Total shares According to the Wall Street Journal, central bank digital currencies (CBDCs) could actually negatively impact interest rates by giving policymakers an additional tool.  In the Sept. 8 article ‘Digital Currencies Pave […]

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Which stablecoins were actually ‘stable’ during this week’s sudden Bitcoin price crash?

September 9, 2021

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A sharp sell-off across the cryptocurrency market Tuesday—that saw top tokens like Bitcoin (BTC), Ether (ETH), Cardano (ADA), and Solana (SOL) fall by double-digital percentages—created a venue for stablecoins to prove their worth. The fixed-price cryptocurrencies offered interim protection to traders from the notorious crypto price volatility. They did so by almost maintaining their one […]

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Gold, bond portfolios are ‘naked’ without Bitcoin, Bloomberg strategist asserts

September 4, 2021

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What is protecting an investment portfolio from potential stock market volatility? As per Bloomberg Intelligence’s Mike McGlone, a merged exposure of Bitcoin (BTC), gold, and government bonds. The senior commodity strategist, who sees BTC heading to $100,000, pitted derivatives in a new report representing the three safe-haven assets against the performance of the S&P 500 index, finding […]

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Bitcoin price overcomes $50K, stocks slide after disappointing US jobs report

September 3, 2021

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The S&P 500 slid to the intraday highs of Sept. 2 while Bitcoin (BTC) climbed to its highest levels in more than three months. The moves came as a key report on Sept. 3 showed that the United States economy added fewer jobs than anticipated, lowering the Federal Reserve’s likelihood to start unwinding its stimulus […]

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Bitcoin weekly outlook: Why a $50K-retest is likely ahead of Friday’s US jobs data

August 29, 2021

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The heavy selling in the U.S. dollar market at the end of last week assisted Bitcoin (BTC) to climb above $49,000. However, BTC struggled to extend its climb above $50,000, a psychological resistance level, as investors remained cautious about the Federal Reserve’s taper timing.  Bitcoin corrects after logging its week-to-date high of $49,667. Source: TradingView.com […]

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