Cryptocurrency Analysis and News Portal
This episode is sponsored by NYDIG.Download this episodeOn today’s episode, NLW discusses the market mood shift as September becomes October, and looks at:Jerome Powell’s comments on crypto bans before CongressEl Salvador’s volcano bitcoin miningMayor Suarez’s MiamiCoinA Helium initiative to fix the digital divideSee also: Bitcoin Climbs Above $47K as Stocks
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Federal Reserve Chairman Jerome Powell believes the federal government needs to regulate the cryptocurrency market, but that a blanket ban on Bitcoin (BTC) and other digital assets is not in the cards.Speaking in response to a question from Republican Representative Ted Budd of North Carolina, Powell clarified that a China-style
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Federal Reserve Chair Jerome Powell said he does not intend to ban cryptocurrencies cryptocurrencies, but said stablecoins need greater regulatory oversight in a House Financial Services Committee meeting on Thursday.The two-hour long meeting, meant to serve as a forum for representatives to ask Treasury Secretary Janet Yellen and Powell about
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“There’s extensive private innovation, a lot of which is taking place outside the regulatory perimeter,” Powell said. ”Where the public’s money is concerned, we need to make sure that appropriate regulatory protections are in place. And today there really are not, in some cases.” Original Source
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The Federal Reserve chairman Jerome Powell has directed his staff to start an ethics inquiry into the financial activities of Fed members, as a number of senior central bank officials are being questioned for their investments. Reports indicated last week that the president of the Dallas Federal Reserve branch, Robert
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Unnamed sources familiar with the matter indicate the Biden administration may allow Federal Reserve chairman Jerome Powell to continue as the central bank’s lead. The news follows three U.S. representatives asking Biden to replace Powell with a central bank leader that addresses equality and climate change. Jerome Powell to Stay for
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Bitcoin (BTC) rose above $40,000 on July 29, a day after the Federal Reserve hinted that it was getting nearer to unwinding its asset purchasing program that has boosted the economic recovery of the United States.The benchmark cryptocurrency previously approached $41,000 ahead of the critical Fed update. Nonetheless, it started
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The Fed chairman said that it will continue with its monetary easing policy through 2023 with no major hikes in interest rates. BTC price gained 6% post Powell’s comments. Giving a brief of the US Economic Outlook on Wednesday, March 17, Federal Reserve Chairman Jerome Powell said that
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Bitcoin dropped during Asia-Pacific and European trade Thursday as rising bond yields prompted concerns that central banks may begin tightening monetary policies sooner-than-expected. The benchmark cryptocurrency fell up to 3.59 percent to $48,562, extending its decline after setting up a week-to-date high level at $52,666 in the previous session. Elsewhere in
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U.S. Federal Reserve officials voted Wednesday to keep monetary conditions at historically loose levels while waiting for the economy to heal.Chairman Jerome Powell said he doesn’t want to put a timeline on tapering the U.S. central bank’s $120 billion-a-month in asset purchases.“In terms of tapering it’s just premature,” Powell said.
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