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The crypto market cap has moved up to $2,2 trillion after the Fed announced they would double the tapering of bond purchase and interest rates will stay the same for now. Fed’s chairman Jerome Powell held a news conference after the decision was taken where he approached several issues on
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Federal Reserve Chairman Jerome Powell is likely the most influential man in crypto. Too bad he hates the stuff. As leader of the U.S. central bank, Powell perpetrated the largest monetary experiment in history in response to the coronavirus crisis – including expanding the supply of U.S. dollars, nearly doubling
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“Bitcoin is largely being grouped with other risk assets at the moment,” Matthew Dibb, COO and co-founder of Stack Funds, said. “After Friday’s collapse in equities, we have seen some buying in major coins, but it’s too early to say whether it will continue.” Source
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Bitcoin traded lower on Monday after buyers failed to sustain a weekend rally toward $60,000. The cryptocurrency was trading at around $56,000 at press time and is down about 5% over the past 24 hours.Equities and cryptocurrencies initially ticked higher earlier during New York trading hours after U.S. President Joe
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President Joe Biden has tapped Jerome Powell to serve another four-year term as the chair of the Federal Reserve System’s Board of Governors.In a Monday announcement, the White House announced President Biden would be nominating Powell as his pick to lead the Federal Reserve once his current term ended in
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U.S. President Joe Biden has re-nominated Powell as the next Federal Reserve chair, after much speculation that Fed Governor Lael Brainard could replace him to lead the central bank for the next four years.Biden appears to have gone with the candidate who was better known to investors, while providing economic
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Placing bets on which candidate for Federal Reserve chair would be best for cryptocurrencies? The answer might disappoint: Both incumbent Jerome Powell and leading alternate Fed Governor Lael Brainard are seen as having roughly the same impact.The speculation of who will be the next Fed chair intensified after Senate Banking
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Following the passing of the Biden administration’s infrastructure bill, the U.S. president appears to be nearing his decision on whether or not he will reappoint Jerome Powell, the current Federal Reserve Board chairperson. According to a few reports Powell may be chosen, but other reports say the Fed’s Board of
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Several U.S. lawmakers have called on Federal Reserve Chairman Jerome Powell to support cryptocurrency innovation. “The Federal Reserve must work to support domestic innovation … Our government should never be in the business of thwarting innovation.” Members of Congress Urge Fed Chair Powell to Support Crypto Innovation Several U.S. Congress members have
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Federal Reserve Chairman Jerome Powell confirmed during a hearing before the House Financial Services Committee that he has no intention to ban or limit the use of cryptocurrencies. He also commented on the regulation of stablecoins. Powell Says ‘No Intention to Ban’ Crypto The chairman of the Board of Governors of the
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