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Bitcoin (BTC) was higher for a second day, pushing toward the upper end of the range between roughly $30,000 and $36,000 where it has traded for the past couple weeks.Ether (ETH), the second-biggest cryptocurrency, rose toward a new record, potentially fueled by fresh interest in the blockchain’s decentralized trading systems
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The job listing follows comments made by Fed Chair Jerome Powell in recent weeks where he said the central bank needed “better regulatory answers” for global stablecoins. Source
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Bitcoin (BTC) has bounced back above the $32,000 level today, but Guggenheim chief investment officer Scott Minerd believes that the current institutional demand is not sufficient to keep the price above $30,000 for long. Despite this view, Minerd continues to believe that the current downturn does not alter the long-term
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It’s the debate the Federal Reserve isn’t ready to have yet: How to keep inflation from spiraling out of control once the economy opens back up. Considering the devastating toll from the coronavirus and the trillions of dollars of stimulus pumped into the financial system over the past year, top economists
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Stephen Harper, an economist and the former prime minister of Canada, said bitcoin could potentially see use as a reserve currency, but isn’t going to supplant the U.S. dollar’s international role.In an interview with Cambridge House’s Jay Martin on Sunday, Harper acknowledged that the dollar had been on a downtrend,
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Wall Street chief financial officers (CFO) are more wary of putting company funds into bitcoin after last week’s 30% price plunge, Bloomberg reports.But given the return of bitcoin’s infamous price volatility – which saw the largest cryptocurrency’s price drop thousands below its peak of $41,900 set on Jan. – the
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A sharp drop in OKEx’s trading volume and stablecoin reserves – tether (USDT) in particular – may reveal an ongoing exodus of its users after the popular crypto derivatives exchange unexpectedly halted all crypto withdrawal activities for about five weeks.Data from analytics service CryptoQuant shows that the amount of tether
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The statement is in keeping with economists' expectations for the U.S. central bank to take no new monetary policy actions. Source
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According to a Nov. 2 announcement from The Reserve Bank of Australia, or RBA, the financial institution will be partnering with the Commonwealth Bank, National Australia Bank, the financial services company Perpetual, and software company ConsenSys on a project to explore the potential use of a wholesale central bank digital
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At the time of writing this article, around 3.6% of Bitcoin (BTC) is locked up in long-term holdings by institutional investors. According to the data, 13 entities have amassed close to 600,000 BTC — about 2.85% of all Bitcoins and worth approximately $6.9 billion.The list includes MicroStrategy at the top,
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