Cryptocurrency Analysis and News Portal
The Federal Reserve Banks of Boston and New York published a staff report on Sept. 26 comparing stablecoins, such as Tether (USDT) and USD Coin (USDC), to money market funds. Key findings in the report include the observation that stablecoins and money market funds follow similar patterns during runs and
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The pause in rate hikes had been overwhelmingly expected by market participants, who will now begin focusing on the U.S. central bank's next policy meeting in November. Source
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Federal Reserve governor Philip Jefferson has won confirmation from a majority of members of the United States Senate, placing him in position to become the Fed's next vice chair.In a 88-10 vote in the U.S. Senate on Sept. 6, Jefferson won a majority of support needed for his confirmation as
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On-chain data shows the Bitcoin exchange reserve has shot up during the past day, indicating that more drawdown may be coming for
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Stuck in a tight range roughly between $29,000 and $30,000 for several weeks, bitcoin (BTC) Thursday afternoon dropped to the low $28,000 area thanks to the economic news. That, in turn, triggered a chain of stops and liquidations that sent bitcoin quickly plunging below $25,000. A very modest recovery since
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The Federal Reserve Board of the United States and the Washington State Department of Financial Institutions have announced an enforcement action against Farmington State Bank, a financial institution whose parent company received more than $11 million from Alameda Research.In an Aug. 17 announcement, the Fed said the enforcement action was
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Stablecoins are at the heart of a dollar-based revolution and could be a pivotal factor in keeping the U.S. dollar the dominant global currency, according to an Aug. 9 opinion piece published in The Wall Street Journal. The authors, Brian Brooks and Charles Calomiris, urged Congress to implement a “sound and stable
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Bitcoin prices have been stagnant, trading below the psychological $30,000 level. The coin is technically under pressure, declining from its peaks of around $31,800 recorded in early July 2023. Amid this development, on-chain data reveals that the Bitcoin miner reserve has been increasing, notwithstanding prevailing market conditions, bouncing back from May
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San Francisco's Federal Reserve Bank is seeking a crypto architect for a central bank digital currency (CBDC) project, reveals an Indeed job posting. According to the role description, the employee will work on CBDC research and development.The position is full-time and hybrid, with an annual salary starting at $134,900, requiring candidates
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The Fed says its new service will operate for 24 hours every single day. While continuing to use commercial banks as intermediaries, central bank officials have previously said it will allow payments to be processed in a matter of seconds, something that’s already the norm in many other jurisdictions across
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