US

US

Markets

What Is the Definition of ‘Recession?’ And Does Bitcoin Care?

The "two quarters" standard is simple, but the definition by the National Bureau of Economic Research gives policymakers much-needed wiggle room. For bitcoin, the semantics don't matter.

Corporate America dismisses recession fears. (ZargonDesign)

Markets

Janet Yellen Sees No Recession, Calls US Economy ‘Exceptionally Strong’

The Treasury Secretary stressed job growth during a press conference after the release of 2Q GDP data.

U.S. Treasury Secretary Janet Yellen at Thursday's press conference discussing GDP data. (Win McNamee/Getty Images)

Markets

Federal Reserve Hikes US Interest Rate by 0.75 Percentage Point

The latest monetary policy decision from Federal Open Market Committee brings the federal funds rate to a range of 2.25%-2.5%. Bitcoin's price was little changed after the announcement.

Federal Reserve chair Jerome Powell at a press conference on July 27th in Washington D.C. (Source: Federal Reserve)

Policy

US Senators Push Bill to Make Small Crypto Transactions Tax-Free

The top Republican on the Senate Banking Committee joined Democrat Kyrsten Sinema in legislation to exempt transactions of less than $50.

Sen. Pat Toomey (R-Pa.) (Suzanne Cordeiro for CoinDesk)

Markets

Rate Hike at Fed's July Meeting Provides a Credibility Test, With Cuts Already on Horizon

The U.S. central bank is expected to raise interest rates by 75 basis points, which many economists say is too dovish. But traders are thinking about possible rate cuts as soon as next year.

(Paul Brady/Shutterstock)

Finance

Binance CEO Sues Bloomberg’s Hong Kong Partner for Defamation

It's not the first time Zhao and Binance have sued the media.

CoinDesk placeholder image

Policy

US Stablecoin Bill Delayed, but Draft Language May Soon Emerge

As negotiations slow the release of a bipartisan bill until possibly September, lawmakers may put out some initial language soon to spur discussion.

U.S. Capitol building (Michael Bell/Getty Images)

Tech

Bitcoin: la dificultad de minado registra su mayor caída desde julio de 2021

Es el tercer ajuste a la baja consecutivo, el primero de este tipo en un año.

Bitcoin mining rigs at Kryptovault's facility in Hønefoss, Norway. (Image credit: Eliza Gkritsi/CoinDesk)

Tech

Bitcoin Mining Difficulty Drops as Miners Feel the Texas Heat

It's the third consecutive downward adjustment – the first time that's happened since last July.

Bitcoin mining rigs (Image credit: Eliza Gkritsi/CoinDesk)

Finance

My Big Coin Founder Convicted of Defrauding Investors of More Than $6M

Randall Crater was found guilty of peddling a cryptocurrency scam.

(Oleksandr Berezko /EyeEm/Getty Images)