New bill proposes US Treasury to have full authority over fiat stablecoins
The bill also calls for the Federal Reserve to be vested with the clear authority to issue a digital dollar. Go to Source Powered by WPeMatico
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Easy-Money Policy Continues: Fed Plans to Keep Purchasing Assets, Interest Rates to Stay Near Zero
Members of the U.S. Federal Reserve discussed the possibility of economic measures and actions at the Federal Open Market Committee’s (FOMC) meeting on Wednesday. The Fed said that right now the central bank is not considering cutting back large asset purchases just yet, and the central bank also plans to keep interest rates at near-zero. … Read more
Bitcoin struggles at $40K after ‘most confusing’ Jerome Powell press conference
The Federal Reserve Chairman had to explain what he meant by the term “transitory” inflation as he admitted that consumer prices have gone higher than he and other central bank officials had anticipated. Go to Source Powered by WPeMatico
Ethereum pares gains, Bitcoin pushed under $40K as Fed set to reveal tapering plans
The two cryptocurrencies appear directionless after correcting in sync lower from their monthly highs. Go to Source Powered by WPeMatico
Fed Faces Double Inflation as Supply Chain Falters, Economists Question Spending, Biden ‘Not Worried’
Reports show a vast majority of the American populace has been worried about rising inflation and as the weeks roll by, the financial situation continues to look grim. US Senator: ‘There’s No Justification for the Fed to Maintain Its Purchases’ A few analysts believe the upcoming two-day meeting held by the U.S. central bank’s Federal … Read more
81 Countries Are Now Exploring Central Bank Digital Currencies — 5 CBDCs Fully Launched
Eighty-one countries are now exploring central bank digital currencies (CBDCs), according to a new tracker. This number is 46 more countries than the number in May last year. In addition, five countries have fully launched their own digital currencies. 81 Central Banks Explore Launching Own Digital Currencies The Atlantic Council’s Geoeconomics Center unveiled a new … Read more
Bitcoin price weekly outlook: BTC bulls await breakout above 50-day EMA
BTC price inched toward 2020’s support with traders expecting more gains if a breakout occurs. Go to Source Powered by WPeMatico
Bitcoin bull outlines 7 steps to more fiscal stimulus and higher BTC prices
Bitcoin’s drop below $30,000 has sparked worries that it is heading to $20,000 next. But is such a massive drop feasible against the current macro fundamentals? Go to Source Powered by WPeMatico
As the Stock Market Dives Report Shows ‘US Households Now Have Record High Exposure to Stocks’
While inflation has kicked up in the U.S., following the massive stimulus issued by the Federal Reserve, investor and financial writer Lyn Alden Schwartzer published a report that shows “U.S. households now have record high exposure to stocks.” The news comes at a time when many analysts and economists believe equities markets are in a … Read more
Fed and Yale researchers lay out 2 regulatory frameworks for stablecoins
Yale Professor Gary B. Gorton and Jeffery Zhang of the Board of Governors of the Federal Reserve System have co-authored a 49-page paper called, “Taming Wildcat Stablecoins.” Go to Source Powered by WPeMatico