Tuesday, December 3, 2024
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U.S. Federal Reserve’s Barr Holds Line on Central Bank Needing Stablecoin Powers

The U.S. Federal Reserve needs to regulate and enforce the law against stablecoin issuers, said Federal Reserve Vice Chairman for Supervision Michael Barr, making the federal-oversight argument that has been the major sticking point as the U.S. House of Representatives debates legislation.Republican lawmakers have leaned into a state-oversight route for

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witness recounts Alameda’s $65b credit line and alleged unlimited FTX withdrawals

Gary Wang told prosecutors that Alameda Research withdrew more value from FTX than the exchange made from fees, owing $20 billion once, while Judge Kaplan reprimanded defense attorneys for repetitive questioning on SBF’s trial day 4. Former FTX CTO Gary Wang named founder Sam Bankman-Fried as a co-conspirator of fraud on

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Bitcoin price holds 200-day trend line as trader predicts low is in

Bitcoin (BTC) is retaining this week’s gains — and some traders are doubling down on their bullish BTC price bets.BTC/USD 1-hour chart with 200-day EMA. Source: TradingViewTrader: Bitcoin price may have bottomedA key moving average is buoying low-timeframe BTC price action, which continues to preserve $27,000, data from Cointelegraph Markets

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Wall Street grapples with losses in August, with crypto leading the line

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Wall Street saw a $5.5 trillion market dip in August, while cryptocurrencies faced significant losses, challenging investor optimism. According to Bloomberg, August dealt Wall Street a bruising blow as the markets faced a challenging landscape—underscored by hawkish

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