Category: Jerome Powell

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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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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Major Meeting of Central Banks Produces Same Old ‘Evaluating’ CBDCs Refrain

October 19, 2020

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Oct 19, 2020 at 14:53 UTCUpdated Oct 19, 2020 at 15:17 UTC Federal Reserve Chairman Jerome Powell (Wikimedia Commons) Major Meeting of Central Banks Produces Same Old ‘Evaluating’ CBDCs Refrain Central bankers continued to evaluate the merits, or lack thereof, of a digital currency (CBDC), explaining that digital innovation has its benefits but policy considerations […]

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