Crypto Long & Short: Bitcoin’s Potential as a Collateral Class
Signs point to a new avenue of growth for crypto-backed lending. Today I’m going to weave together three seemingly unrelated stories from the past week…
Tag: Federal Reserve
Fed’s Powell Says Market, as Exemplified by Dogecoin, Is ‘a Bit Frothy’
“You are seeing things in the capital markets that are a bit frothy, that’s a fact,” said Powell. “I won’t say it has nothing to…
Bitcoin Drops 3% Ahead of Fed Meeting, Despite Bullish Chart Pattern
Bitcoin is falling, as caution ahead of the FOMC rate decision overshadows bullish chart pattern. Bitcoin is nursing losses ahead of a crucial Federal Reserve policy…
Fed Chairman Powell: We Will Engage the Public on the Digital Dollar This Year
“This is going to be an important year,” Powell said of the digital dollar project. Nearly every time an elected official has asked U.S. Federal…
Gold’s Post-Pandemic Upside Is Huge. But it Pales Alongside Bitcoin
As pandemic panic crushes the life out of the global economy, central banks are pouring trillions of dollars into the global money supply. And America’s Federal…
Bitcoin Price Experiences Sharp Drop After Fed Chair Jerome Powell Threw Cold Water on Crypto in Zurich
Federal Reserve Chairman Jerome Powell said that the central bank is not considering the launch of its own cryptocurrency during a question-and-answer session in Zurich,…
US Federal Reserve Chairman: Bitcoin Is a Store Of Value, Like Gold
The 16th and current Chair of the US Federal Reserve has acknowledged that bitcoin is a store of value, just like gold. According to him,…