Polygon (MATIC) sees a strong oversold bounce after $250B crypto market rebound
MATIC price secured a near 40% gain as crypto market sentiment improves in the wake of a notable $250 billion relief rally. Go to Source Powered by WPeMatico
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Boom or bust? Is there a way for Bitcoin price to hit $100K in 2022?
BTC price took an unexpected bearish turn in January, but are there any catalysts that could support a run to $100,000 in 2022? Go to Source Powered by WPeMatico
Fed issues discussion paper on benefits and risks of a digital dollar
“The Federal Reserve would only pursue a CBDC in the context of broad public and cross-governmental support,” said the recently published paper. Go to Source Powered by WPeMatico
Joe Biden Claims Inflationary Pressure ‘Rests With the Federal Reserve,’ Praises the Fed’s ‘Extraordinary Support’
On Wednesday, U.S. president Joe Biden explained that the country’s central bank was dealing with a large share of the inflationary pressures the American economy is dealing with today. Biden welcomes the possibility of tightening monetary easing and noted that he “respects the Fed’s independence.” US President Joe Biden Says a ‘Critical Job in Making … Read more
Law Decoded: First-mover advantage in a CBDC conversation, Jan. 10–17
Strong framing move by U.S. Representative Tom Emmer and a looming threat of another crypto ban in Asia: a digest of last week’s top crypto policy stories is here. Go to Source Powered by WPeMatico
President Biden taps economists for Fed governors’ seats, Sarah Bloom Raskin as vice chair for supervision
According to the U.S. President, the three nominees have the “experience, judgement, and integrity to lead the Federal Reserve and to help build our economy back better for working families.” Go to Source Powered by WPeMatico
US Lawmaker Launches Bill to Prohibit the Fed From Issuing Digital Currency Directly to Individuals
A U.S. lawmaker has introduced a bill in Congress to prohibit the Federal Reserve from issuing a central bank digital currency (CBDC) directly to individuals. “It is important to note that the Fed does not, and should not, have the authority to offer retail bank accounts,” he stressed. Bill Introduced to Prohibit the Fed From … Read more
Fed’s Lael Brainard invites Congress to choose whether to compete with China’s digital yuan
“We want to make sure that we do the requisite research on policy and technology so we’re in a position to move forward if Congress decides it’s important to be able to compete with China in this regard,” said Lael Brainard. Go to Source Powered by WPeMatico
US lawmaker proposes bill aimed at limiting Fed’s ability to issue CBDC
Having the Fed require users to open accounts to access the benefits of a digital dollar would put it “on an insidious path akin to China’s digital authoritarianism,” according to Tom Emmer. Go to Source Powered by WPeMatico
Bitcoin shoots to $44,000 as US inflation hits 7% in December
United States Consumer Price Index data shows that inflation hit 7% in December 2021, climbing 0.5% month over month. Bitcoin almost reached $44,000 upon the news. Go to Source Powered by WPeMatico