Search results: federal reserve

The Fed’s new No. 2 is ahead of the curve in her thinking — which bodes well for crypto’s future around the world, writes a former colleague of Brainard.

As global markets continue to watch the Evergrande debt crisis nervously, Chinese bank branch agrees to U.S. risk management measures.

As the U.S. economy shows signs of recovery from the pandemic-related recession, the Federal Reserve has announced it will begin tapering the US$120 billion a month it spends on bond purchases, hoping to address concerns of rising inflation. This has caused unease in the crypto industry as Bitcoin adoption over the past 18 months has […]

Circle said the USDC reserve deposits held at the failed Silicon Valley Bank will be recovered when banks open on Monday.

The Federal Deposit Insurance Corporation (FDIC), one of the two federal agencies insuring savings in American depository institutions, may be asking banks to refrain from providing services or extending credit to cryptocurrency companies, Republican Senator Pat Toomey alleged. See related article: New US bill to give CFTC oversight of cryptocurrencies may speed up crypto legislation […]

Binance and Paxos Trust Company, which issues the dollar-pegged stablecoin BUSD (Binance USD), released the first unaudited breakdown of the reserves backing the token on Aug. 1. See related article: Binance spent over US$1B on compliance, founder Changpeng Zhao says Fast facts According to the reserve report, BUSD was backed by US$738 million in cash, […]

Fresh claims that emerged over the weekend about the status of Circle’s USDC reserves cast doubts on the ability of the so-called stablecoin to maintain its peg. In a deep dive, Forkast examined the allegations and reached out to the company for its version of events.

The USDD reserves sees US$500 million worth of USDC added to it. Meanwhile, the US Federal Reserve’s rate decision has the crypto market bracing for itself.

USDT, the world’s largest stablecoin, is now backed by much smaller cash reserves than before. XREX analyzes the risks.

Amid the country’s ongoing Senate inquiry into crypto regulation, the Reserve Bank of Australia has posted a job advertisement for a position within its central bank digital currency research team. Fast facts A successful applicant would join a new cross-disciplinary team to research “whether there is a case for a CBDC in Australia, and if […]

Top blockchain and crypto news: NFT wave buoys OpenSea. Are dollars and sense a lifeline for Tether? Tencent gets a target on its back.

Amid a period of increasing regulatory interest in stablecoins, Circle, the digital payment company that issues USDC, the world’s second-largest stablecoin , has announced plans to become a full-reserve national digital currency bank in the U.S. Fast facts In a company blog post, CEO and co-founder Jeremy Allaire said the company was prepared to operate […]

To assuage critics and to abide by a legal settlement, Tether Holdings Limited, the issuer of the world’s largest stablecoin USDT, has released a report by an independent accountant, which found that Tether’s tokens are 100% backed by its reserves. Fast facts In its review of Tether’s latest Consolidated Reserves Report, Cayman Island-based accounting firm […]

The Chamber of Digital Commerce is “gravely concerned” about how the U.S. Government is addressing technological challenges and opportunities posed by blockchain according to founder and president Perianne Boring. The U.S. could be ceding technological leadership as well as the dollar’s reserve currency status to other nations including China if it does not revamp policies toward emerging blockchain innovation.

Bitcoin’s value climbs after April CPI data suggests a slowdown in inflation, potentially influencing Federal Reserve interest rate decisions.

Stablecoins could have a place in the U.S. financial services sector if appropriate regulation is put in place, Federal Reserve Chairman Jerome Powell said on Tuesday at a hearing before Congress.

Bitcoin and Ether fell during Asian trading hours on Friday, following hawkish remarks from U.S. Federal Reserve officials on more upcoming interest rate hikes.

After the strongest January price increase since 2013, Bitcoin gave up some of its gains this week to dip below the US$22,000 support line on Friday. The crypto market was buffeted by bearish comments on interest rates by U.S. Federal Reserve officials this week, along with concerns about a regulatory crackdown. Is this the start of a downtrend, a healthy correction, or the beginning of a so-called “crab” market moving sideways?

Bitcoin slipped back below US$23,000 on Thursday morning in Asia, tracking the fall in U.S. equity markets overnight amid comments from Federal Reserve officials that the fight to curb inflation is far from over.

Bitcoin traded back above US$23,000 on Wednesday morning in Asia after U.S. Federal Reserve Chairman Jerome Powell overnight said the “disinflationary process” has started in the economy.

Bitcoin this week broke through the US$23,000 price ceiling for the first time since Aug. 2022. Can the benchmark cryptocurrency maintain its momentum? Industry commentators share their views with Forkast on what the market is telling investors and the signals from the U.S. Federal Reserve on interest rates.

Bitcoin traded little changed Monday morning in Asia, holding above a four-month high of US$22,000 amid a broader rally over the weekend, helped by comments from a U.S. Federal Reserve official backing a smaller interest rate increase at the central bank’s meeting at the end of this month.

Bitcoin and Ethereum fell Thursday afternoon in Asia, along with all other top 10 non-stablecoin cryptocurrencies on market concerns the U.S. Federal Reserve may increase interest rates further to tackle inflation. 

The U.S. Federal Reserve, FDIC and the OCC have issued a joint statement to warn banks of the risks with crypto assets.

Bitcoin held onto gains in Thursday morning trading in Asia, though had pulled back from an earlier spike above US$18,000 as the U.S. Federal Reserve raised interest rates in line with expectations.

Bitcoin and Ether were both trading up as the U.S. Federal Reserve released meeting minutes suggesting it is looking to slow the rate of interest rate rises.

The Monetary Authority of Singapore (MAS) has partnered The New York Innovation Center of the Federal Reserve Bank of New York, to study if wholesale central bank digital currencies (wCBDCs) can make cross-border payments more efficient.

The Federal Reserve issues new crypto banking guidelines. Meanwhile, Singaporean crypto exchange Coinhako plans an expansion.

Bitcoin, Ethereum and TRX recover as the Federal Reserve raises interest rates. Meanwhile, Three Arrows Capital faces liquidation concerns.

Crypto markets posted some gains in Asia trading after a pummeling this week, but the sentiment shifted back to negative as markets across the board try to second-guess the Federal Reserve’s thinking on interest rates.

After what seems like a dead cat bounce, cryptocurrencies are falling again in Asian trade as markets head into the Federal Reserve’s announcement of its decision on interest rates on June 15.

Bearish concerns over Federal Reserve rate hikes show a continued correlation with traditional markets, but industry watchers see changing dynamics at play.

Of the Big Four central banks, including those of the EU, UK and Japan, only the Federal Reserve has not progressed beyond research mode in central bank digital currencies.

Why the Federal Reserve and other major central banks are likely to speed up development of retail CBDCs.

US House mandates congressional approval for Fed’s digital dollar issuance.

Fed survey shows a decline in US adult crypto usage to 7% in 2023, with only 1% using it for transactions.

April sees a slight rise in US unemployment to 3.9% as Bitcoin’s value rebounds.

Bitcoin dropped to as low as US$56,600 as Fed holds interest rates.

Upcoming Bitcoin halving triggers market uncertainty.

New legislation aims to enhance financial stability by imposing strict rules on stablecoin issuers.

Bitcoin surpasses US$70,000 after 9 days below the mark.

Jerome Powell assures Senate Committee that a U.S. central bank digital currency is not forthcoming, prioritizing privacy and banking system integrity.

Bitcoin sets a new price record for the second time this week.

Bitcoin’s value dips following a hotter-than-expected U.S. CPI report but weekly momentum stays in green.

Bitcoin was trading above US$34,000, as the decreasing job creation in the U.S. fueled hopes of another interest rate pause.

Top blockchain and crypto news: Bitcoin ETF potential pumps life in markets. Ethereum NFTs back on rise. Major industry layoffs continue.

From tech monopolies to the synergy of AI and blockchain, Alex Tapscott, author of “Web3: Charting the Internet’s Next Economic and Cultural Frontier,” dissects the trajectories of the digital landscape.

Bitcoin was subdued by the mounting geopolitical concerns around Israel’s war with Hamas and the ongoing FTX lawsuit.

With the U.S. CPI holding steady and predictions favoring unchanged Fed rates, Bitcoin remains resilient.

Bitcoin fell 1.3% in the hour following the U.S. jobs report, fueling market concerns that borrowing costs will remain high over a longer period of time.

Bitcoin traded above US$26,300 Thursday morning in Asia after briefly breaching US$26,800. Ether also rose above US$1,600 before falling back.

Toncoin led losses among top 10 cryptos. Bitcoin dropped while Ether rose marginally.

Bitcoin dipped on Wednesday morning in Asia to trade range-bound below US$26,300. Ether edged higher but failed to reclaim the US$1,600 mark.

Binance’s BNB token gained the most after Binance Japan and Mitsubishi UFJ Trust and Banking Corporation jointly announced they are collaborating on the issuance of fiat-pegged stablecoins.

Bitcoin traded flat below US$26,300 Tuesday morning in Asia. Ether edged up but remained below the US$1,600 mark.

Bitcoin fell below US$26,500 while Ether dipped below US$1,600 in the past 24 hours.

Bitcoin fell Monday morning in Asia to trade below US$26,300. Ether also dipped and remained below the US$1,600 mark. All top 10 non-stablecoin tokens dropped.

Bitcoin remained below the US$27,000 mark, despite significant institutional players, like Japan’s largest bank, Nomura, launching a Bitcoin adoption fund earlier this week.

Bitcoin dropped on Friday morning in Asia to trade below the US$27,000 support level. Ether also retreated and lost control of the US$1,600 mark.

Toncoin was the biggest loser in the top 10 cryptocurrencies by market capitalization, falling alongside most other cryptos except Dogecoin. With Bitcoin below US$27,000, FTX’s crypto liquidations could keep prices subdued for the rest of the month, market analysts told Forkast. See related article: Weekly Market Wrap: Deutsche Bank’s crypto move propels Bitcoin to US$26,750 […]

Bitcoin briefly fell below US$26,900 on early Thursday morning in Asia but is now trading above US$27,000. Ether also dropped but held above US$1,600.

Toncoin led gainers in the top 10 cryptocurrencies by market capitalization, rising over 31% since its Telegram partnership last week. Despite Bitcoin’s short-term corrections, it could return above the US$30,000 support level by October, according to market experts. See related article: Weekly Market Wrap: Deutsche Bank’s crypto move propels Bitcoin to US$26,750 TON leads winners, […]

Bitcoin rose on Wednesday morning in Asia to trade above US$27,200. Ether remained flat at around US$1,640. All other top 10 non-stablecoin tokens logged gains.

Solana led gainers in the top 10 cryptocurrencies by market capitalization, recovering from a two-month low. Bitcoin and Ether rose during afternoon trading in Asia along with most cryptos. Market experts said that the continued entrance of large institutions could provide the crypto industry more legitimacy and price stability. See related article: Weekly Market Wrap: […]

Bitcoin rose on Tuesday morning in Asia to around US$26,700, after briefly breaching the US$27,000 mark. Ether also logged gains but remained below US$1,650.

BNB led gainers in the top 10 cryptocurrencies by market capitalization, despite Binance’s growing challenges. Bitcoin and Ether rose during afternoon trading in Asia, as market analysts are saying it could start picking up more bullish momentum above the US$26,000 mark. See related article: Weekly Market Wrap: Deutsche Bank’s crypto move propels Bitcoin to US$26,750 […]

The U.S. House Financial Services Committee announced last Friday that it will discuss a new bill to prevent the issuance of a CBDC.

Bitcoin dipped on Monday morning in Asia to trade at around US$26,500. Ether also moved lower but held the US$1,600 support level.

Bitcoin hit a weekly high of US$26,750 after Deutsche Bank announced plans to offer crypto custody services for institutional investors, days after Standard Chartered launched its own institutional crypto wing.

Top blockchain and crypto news: Binance.US undergoes staffing shakeup. Ethereum NFTs at risk. India to take a stand on crypto.

All top 10 cryptos gained in Thursday afternoon trade in Asia, except Toncoin.

Bitcoin rose on Thursday morning in Asia to trade above US$26,000. Ether also rose to reclaim US$1,600. All other top 10 non-stablecoin tokens moved up.