Tag Archives: federal reserve

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Bitcoin incurred a bit of a fall at the end of January after it was revealed that the Federal Reserve was going to potentially enforce another small rate hike. Everyone was on edge after the ongoing debacle that was 2022, and it was believed that the digital currency arena was going to be hit hard by the Fed’s actions, thus causing more turmoil. The Federal Reserve May Hike Rates Again At the time, bitcoin fell from about $23,000 – which it had struck just weeks before –...

America’s 3 federal bank regulators had a clarifying message for banking organizations on Thursday: servicing the crypto industry is neither illegal nor discouraged.  That said, the institutions – including the Federal Reserve, Federal Deposit Insurance Corporation (FDIC), and Office of the Comptroller of the Currency (OCC) – named various risks to keep in mind when interacting with the crypto sector, and which risk management practices to follow as a result.  Crypto is...

Bitcoin has been incurring some price spikes over the past few weeks that have caused crypto to jump back onto the financial map like it never did in 2022. However, the space has been delivered a blow now that the Federal Reserve has denied the application of crypto bank Custodia to be a member of the official Fed system. The Fed and Custodia Are Again Duking It Out The agency warned that the organization suffers from “safety and soundness risks” and thus is not in good...

The President of the United States – Joe Biden – will reportedly appoint Lael Brainard (Vice Chair of the Federal Reserve) as his top economic adviser.  The latter is a critic of cryptocurrencies, arguing they could undermine America’s financial stability. On the other hand, she is a proponent of a digital dollar that would be highly centralized and monitored by the authorities. Anti-Crypto Position According to a Bloomberg coverage, President Biden will soon name Lael...

Robert Kiyosaki – the author of the bestseller “Rich Dad, Poor Dad” – thinks bitcoin will surge to $500,000 by 2025 due to an incoming market crash and a consecutive distrust in the US dollar.  He has previously warned people to avoid traditional fiat currencies during uncertain times and focus on BTC or gold.  Kiyosaki’s Latest Advice The American businessman, investor, motivational speaker, and author predicted that markets are up for serious correction, which will trigger...

Bitcoin, Ethereum, and several other forms of crypto have been enjoying something of a rally over the past few weeks. These assets, along with many others, have enjoyed easing market conditions that have allowed them to jump to four-month highs and allegedly begin to put 2022 – arguably the worst year for crypto on record – behind them, but with news of “extraordinary measures” being taken by Janet Yellen and others in the U.S. financial district to prevent chaos from...

Federal Reserve Chairman Jerome Powell spoke more on the future direction of monetary policy following an unexpectedly strong U.S. jobs report on Friday. Here’s what he had to say: During an interview, Powell reiterated his comments from last week that the economy’s disinflation is still within its very early stages – particularly in the housing sector.  Friday’s jobs report, which showed over 500,000 jobs created in December, reiterated that point. “It kind of shows you why...

Roger Ferguson – former vice chairman of the Federal Reserve – has offered his analysis of the central bank’s latest interest rate hike and the press conference that followed on Wednesday..  Ferguson believes that the Fed and the market do not agree on what the central bank will do next. The latter, he claims, is betting that the former will be forced to reverse its rate hikes sooner than it expects.  Is the Pivot Coming? Speaking to CNBC on Thursday, the former vice chair...