Bitcoin suffers steepest drop in 10 days
Bloodbath! Bitcoin continued its descent, suffering its steepest drop in 10 days as the market braced for short term jitters amid whispers of US Federal Reserve tapering economic stimulus. …
Tag: Federal Reserve
Fed chair says cryptocurrencies are vehicles for speculation
The Federal Reserve chairman believes that cryptocurrencies are really a vehicle for speculation, and no one is using them for payments. He then compared crypto to gold. Jerome Powell …
The Fed to unveil digital dollar prototypes in July
New horizon? We do know that the Federal Reserve is actively working on a central bank digital currency, also known as a CBDC, but there is now intel that …
Bitcoin rises 5% after Fed keeps policy steady
Bitcoin price rose sharply overnight close to $60,000 before slipping back a bit after the Fed stressed that it would be keep monetary policy loose while stimulus checks are …
Federal Reserve appoints Bitcoin advocate as CIO
Talk about a pro move! A pro-Bitcoin head of digital assets has been appointed as the new CIO of the Federal Reserve System. CIO, in this case, being the …