Cryptocurrency Analysis and News Portal
"As the market is expecting a pause after this hike, we'll be looking for the sentence on 'additional policy firming may be appropriate' to be removed from the statement, replaced by more open-ended language leaving the door open for either more rate hikes or a pause, i.e., data-dependency," Dick Lo,
Read More
United States Federal Reserve chairman Jerome Powell has conceded that his regulator was blindsided by the sudden collapse of Silicon Valley Bank (SVB), despite it being under their watch.In a press conference held just after the Federal Open Market Committee meeting on March 22, Powell said he immediately knew there
Read More
Still, a number of analysts were optimistic about bitcoin's price in the near future, given the bank sector's calamities. "Bitcoin, straddling between being the leading risk-on asset and a financial lifeboat in the event of an all-out banking crisis, has benefitted from the recent turmoil and now the prospect that
Read More
U.S. Senator Elizabeth Warren has called for a “thorough, independent investigation of the causes” that led to the failure of Silicon Valley Bank (SVB) and Signature Bank. She alleges that Federal Reserve Chairman Jerome Powell “bears direct responsibility” for regulatory and supervisory issues involving the two banks. Senator Elizabeth Warren Calls
Read More
Federal Reserve Chairman Jerome Powell has provided an update on the Fed’s central bank digital currency (CBDC) work in a hearing before the House Financial Services Committee. While stating that the Fed is “making progress on technological issues,” Powell stressed that “policy issues are equally important.” Fed Chair Powell on CBDC
Read More
The Fed chair said no decision has yet been made on the size of the coming March rate hike. Source
Read More
Most other major cryptos were largely in the red, aligning with equities markets, which also wrestled with Powell’s remarks. The S&P 500, Wall Street's benchmark equity index, closed down 1.5% and the Dow Jones Industrial Average (DJIA) and tech-heavy Nasdaq Composite dropped by 1.7% and 1.2%, respectively. The prospect of
Read More
The Federal Reserve chairman is in the Senate testifying on the economic situation on Tuesday morning. Original Source
Read More
Perhaps a fair question is, does the VC world want another Alameda? Although the firm closed 38 deals it wasn’t the biggest investor. That goes to Coinbase Ventures, as Pitchbook puts their deal count at 121. Despite this, Coinbase Ventures just doesn’t have the same profile as Alameda had. Its
Read More
While the "disinflationary process" has started, it will take a good deal of time before the U.S. Federal Reserve is ready to declare victory in its fight against rising price levels, said Jay Powell, discussing the economy with Carlyle Group co-founder David Rubenstein. Original Source
Read More