Category: Federal Reserve

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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What Is a CBDC?

December 4, 2020

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CBDC stands for “central bank digital currency,” a new type of currency that governments around the world are experimenting with. What sets a CBDC apart from established currencies is that proponents hope it can use new payment technology, typically a blockchain, to potentially increase payment efficiency and lower costs. This new type of currency is […]

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ENCORE: Luke Gromen on the History and (Declining) Future of the Global Dollar System

November 27, 2020

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Nov 27, 2020 at 5:00 p.m. UTC (igenkin/iStock via Getty Images Plus) ENCORE: Luke Gromen on the History and (Declining) Future of the Global Dollar System As some start to wonder about a post-Bretton Woods economic system, macro analyst Luke Gromen explains how that post-World War II system came to be. For more episodes and free early […]

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US Fed researcher says CBDCs should beat Big Tech payments on privacy protection

November 23, 2020

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The paper also put forward CBDCs as solutions to high transaction fees and the energy use of mining cryptocurrencies like Bitcoin. Cash usage has lost a ton of ground to digital payments as the pandemic has changed the way people transact worldwide. Some experts have recently argued that central bank digital currencies could solve the […]

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