Commenting on cryptocurrency policy, a Federal Reserve governor highlighted a single study claiming thata only half of Bitcoin payments are above board.
Federal Reserve News
The Federal Reserve. or The Federal Reserve System, is the central bank of the United States that was founded in 1913 by the U.S. Congress in order to establish central financial control. The Federal Reserve is responsible for a lot of functions, so some may become confused about its role and ask the question “what does the Federal Reserve do?” The main objectives of the Federal Reserve System were established along with its founding in 1913. They are: maximizing employment, stabilizing prices and moderating long-term interest rates. Those are achieved by open-market operations, placing the discount rate, and establishing reserve requirements for financial institutions. Decisions and prognoses of the Federal Reserve are crucial for world’s economy because most economic operations are dependent on the U.S. dollar, which falls under the Federal Reserve’s control.
- News
- News
A statement confirms the Fed will ease the strain on banks over the new year period by creating more than three times Bitcoin’s market cap in new money.
- Analysis
“The Bitcoin Reformation” points to four fundamental parallels between the Protestant Reformation and the present day — do they have merit?
- News
A new report highlights the need for stablecoins to submit to regulatory requirements in order to “complement” the global economy.
- Analysis
by Will Heasman
Bitcoin mining has become a multibillion-dollar industry — but with 85% of Bitcoin extracted, is it still profitable?
- News
by Joeri Cant
The United States Federal Reserve is hiring a manager for its Retail Payments section to contribute to the research of digital currencies and stablecoins.
- Follow up
China’s Xi Jinping is pushing his government to adopt blockchain-enabled technologies as the country gears up to release its own CBDC.
- News
The Federal Reserve’s Lael Brainard says Libra could pose risks to consumers due to ambiguity over their rights.
- News
by Helen Partz
When asked by the U.S. Fed about Libra, some of the nation’s biggest banks say Facebook’s token will reduce their payment volumes.
- Analysis
by Will Heasman
Is the Fed’s use of QE a growth catalyst for Bitcoin? Max Keiser tells Cointelegraph: “Bitcoin was introduced to battle zombie banks and QE.”
- News
Cryptocurrencies like Bitcoin will help drive gold price higher, according to veteran frontier markets investor Mark Mobius.
- Hodler’s Digest
by Thomas Simms
Naughty North Korea has stolen billions in crypto, India could be missing out on billions in crypto, and Litecoin’s halving disappoints.
- News
The U.S. Federal Reserve is planning to release a real-time payment and settlement service in order to boost the payments infrastructure in the country.
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