Federal Reserve
Fed Chair Jerome Powell Emphasizes Caution in CBDC Remarks
Saying “It's more important to get it right than to be first,” Federal Reserve Chairman Jerome Powell suggested the U.S. isn’t rushing to win a global race to develop a Central Bank Digital Currency. Speaking at the annual International Monetary Fund meeting, he did, however, reiterate that research is moving forward and spoke of experiments underway.
Major Meeting of Central Banks Produces Same Old 'Evaluating' CBDCs Refrain
CBDCs continue to draw attention from central bankers, but panelists at an IMF event – including the Federal Reserve – do not expect to see their nations launch one soon.
IMF, World Bank, G20 Countries to Create Central Bank Digital Currency Rules
Many of the world's largest economies will institute national digital currency banking standards with the International Monetary Fund and World Bank.
Federal Reserve, 6 Other Central Banks Set Out Core Digital Currency Principles
The seven central banks, along with BIS, have released a report setting out agreed core objectives that must be met by national digital currencies.
Bitwise Bitcoin Fund Doubles to $9M as Investor Fears Grow Over Runaway Inflation
Record fiscal stimulus has pushed wealthy investors to invest in Bitwise's bitcoin fund as a means to hedge against inflation.
First Mover: Federal Reserve, Congress Play Game of Chicken Over Stimulus as Market Lurches
Markets from stocks to bitcoin have groaned amid dimming prospects for more U.S. stimulus, and neither Congress nor the Fed are taking the lead.
First Mover: Federal Reserve Does What It Wants to Do as Bitcoin Hits $11K
This week's Fed meeting ushered in a new regime for U.S. monetary policy, offering a reminder of just how frequently top officials change the rules.
Bitcoin Falls Back Below $11K as Markets Doubt Fed's Ability to Boost Inflation
Prevailing doubts over whether the Fed has what it takes to hit its 2% inflation target hit traditional markets and may have contributed to a bitcoin price drop on Thursday.
Federal Reserve Now Targets Inflation Above 2%, Bitcoin Breaks $11K
Federal Reserve officials said Wednesday they would hold U.S. interest rates at close to zero and work to push inflation above 2% "for some time."
First Mover: Binance's CZ Doesn't Even Dispute That DeFi Might Be Inevitable
Big crypto exchanges like Binance, Huobi and OKEx are rushing out DeFi platforms to cash in on the fast-growing industry and stanch user defections.
