Federal Reserve
Crypto Bounces Back Despite Fed Rate Hike
Host Joel Flynn tracks the recent price across the cryptocurrencies market and explains why crypto is bouncing bank despite Federal Reserve's quarter-point rate hike.
CBDC Outlook as Sen. Ted Cruz Proposes Ban
Sen. Ted Cruz introduced a bill on Tuesday aimed at blocking the Federal Reserve from creating a consumer-based central bank digital currency, or CBDC. The effort by the Texas senator adds to a similar state-level measure proposed earlier this week by Florida Gov. Ron DeSantis. CoinDesk Executive Director of Global Content Emily Parker breaks down the differences between the two proposals and what the opposition to a CBDC is largely about.
Bitcoin Slips Below $28K After Fed’s Quarter-Point Rate Hike
Bitcoin traded at $27,600, slipping below the $28,000 level as investors reacted to the Federal Reserve's interest rate hike of 0.25%. Sheraz Ahmed, Managing Partner at STORM Partners, shares his thought on BTC's recent price action and Fed Chair Powell's comments on the U.S. banking system being "sound and resilient."
Rapid Bank Runs Reveal Deposits Are Now Magic Internet Money, Too
Federal Reserve Chair Jerome Powell says the speed of the Silicon Valley Bank run was “very different from what we’ve seen in the past.” However, Treasury Secretary Janet Yellen said she is not considering a "blanket" deposit guarantee.
Bitcoin Outlook as Fed Chair Powell Addresses Banking Sector Concerns
Bitcoin is slipping below $28,000 as crypto traders react to the Federal Reserve enacting a quarter-point interest rate hike. Trade The Chain director of research Nick Mancini joins R3 chief economist Alisa DiCaprio on "All About Bitcoin" to discuss their reactions to the latest press conference Fed Chair Jerome Powell held amid lingering banking and inflation concerns.
Bitcoin Teeters Around $28K as Fed Raises Rates by 0.25%; Sen. Ted Cruz Proposes Ban on a CBDC
Bitcoin (BTC) is teetering around $28,000, following the Federal Reserve raising rates by a quarter percentage point. Separately, Sen. Ted Cruz (R-Texas) introduced a bill aimed at blocking the Federal Reserve from creating a consumer-based central bank digital currency, or CBDC.
Fed Chair Powell: U.S. Banking System Is 'Sound and Resilient'
Federal Reserve Chairman Jerome Powell addresses the recent jitters surrounding the banking sector and the actions taken by the central bank with the aim to protect U.S. investors. This comes as the Fed raised its benchmark fed funds rate by a quarter percentage point.
Federal Reserve Hikes Rates by 25 Basis Points
Recent bank failures had market participants questioning if the U.S. central bank would follow through with its previous intention to further tighten monetary policy.
Bitcoin Emerges as Safe Haven as Traditional Finance Faces Turmoil
Conflicting data creates the question of how the Fed will react to both rising inflation and failing banks - and whether bitcoin will be a lifeboat.
