Category: Federal Reserve

Big bullish pattern on US dollar index chart puts Bitcoin at risk of losing $30K

Big bullish pattern on US dollar index chart puts Bitcoin at risk of losing $30K

Dollar traders have kept a close eye on a potentially bullish “inverse head-and-shoulders” pattern building in the U.S. dollar index (DXY) chart. Meanwhile, the smell of a stronger greenback is weakening Bitcoin’s (BTC) upside case, especially as the flagship cryptocurrency struggles to break out of its current $30,000-35,000 trading range. Three troughs, one price ceiling […]

Continue Reading

Federal Reserve official: Stablecoin growth is ‘exponential,’ deserves ‘attention’

Federal Reserve official: Stablecoin growth is ‘exponential,’ deserves ‘attention’

Boston Federal Reserve President Eric Rosengren notes that Tether could be a “disruptor” to short term credit markets. 7165 Total views 9 Total shares While a presentation yesterday from Boston Federal Reserve President Eric Rosengren has some members of cryptoTwitter spooked at the idea of regulation and oversight, the central bank might simply be pondering […]

Continue Reading

US Fed, OCC and FDIC to set up interagency team for crypto regulations

US Fed, OCC and FDIC to set up interagency team for crypto regulations

American financial regulators are considering establishing an “interagency policy sprint team” to address fragmented cryptocurrency regulations. 3777 Total views 18 Total shares Major financial regulators in the United States are considering establishing an interagency group dedicated solely to cryptocurrency matters. Michael Hsu, the new head of the Office of the Comptroller of the Currency, announced […]

Continue Reading