#Federal Reserve News

Federal Reserve Governor: U.S. Fed Examining Potential of U.S. Digital Currency

February 6, 2020 by Aisshwarya Tiwari at Regulation

According to a Bloomberg report published on February 5, 2020, U.S. Federal Reserve Governor, Lael Brainard noted that the country’s central bank is studying the feasibility of a central bank digital currency (CBDC). U.S. Federal Bank Governor Rekindles CBDC Hopes Although cryptocurrencies haven’t exactly managed to find the fancy of...

The Top U.S. Cities with the Most Bitcoin and Cryptocurrency Investments Per Person

U.S. Congress Introduces a New Crypto Bill to Foster Regulatory Clarity

December 20, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin

The United States Congress is introducing the Crypto-Currency Act of 2020, to put in place a sweeping regulatory framework for cryptoassets and to clearly outline the responsibilities of each federal financial regulator in the country, while also mandating these agencies to guide the public on how to participate in the...

Rwanda Studies CBDCs To Minimize Transaction Cost and Maximize Output

Federal Reserve Has Assessed the Possibility of a Central Bank Digital Currency

November 21, 2019 by Ashwath Balakrishnan at Bitcoin

Jerome Powell, chairman of the Federal Reserve, responded to an inquiry by two congressmen who urged the Fed to consider the prospect of a central bank digital currency (CBDC). As per Ledger Insight, chairman Powell's response confirmed the Fed has assessed the possibility and continue to research the implications from...

Magnifying Glass Cracking the Libra Coin

FTC Commissioner Urges Federal Reserve to Launch Public Payments System and Block Libra

November 9, 2019 by Ashwath Balakrishnan at Bitcoin

Rohit Chopra, Commissioner of the Federal Trade Commission (FTC), has written an open letter to Federal Reserve chairman Jerome Powell to launch their real-time payments system, FedNow, at the earliest to curb megabank monopolies and private sector abuse, November 7, 2019. Public Sector Curbing Libra It goes without saying that...

Federal Reserve clock ticking lightining payments

The U.S. Federal Reserve to Launch Real-Time Payments System

August 6, 2019 by Ogwu Osaemezu Emmanuel at Finance

In a bid to make it possible for financial institutions under its purview to facilitate real-time, round-the-clock payments, the United States Federal Reserve, the nation’s central bank, has announced plans to launch its new payment and settlement service called FedNow, according to a press release on August 5, 2019. Modernized...

Central Bank Digital Currencies May Come Sooner than Expected

July 1, 2019 by Edoardo Vecchio at Finance, Regulation

After the official announcement of Libra, Agustín Carstens, the general manager of the Bank for International Settlements (BIS), revealed that central banks may adopt digital currencies sooner than we expect. The fear is that big tech groups such as Facebook could establish a dominant position in global finance and pose...

Bitcoin as a Haven Asset: Investors De-Risking Portfolios Following Dovish Monetary Policies

May 16, 2019 by Osato Avan-Nomayo at Bitcoin, Finance, Investment, News

James Turk of Goldmoney says investors are de-risking their portfolios by pivoting away from bonds and stocks into assets like bitcoin and gold. The banking, investments, and commodities expert speaking to King World News said dovish central banks policies, a weak European banking system, and the U.S. – China trade...

Bitcoin Rally Car Racing to the Moon Green Arrows

Bitcoin Won’t Stop Rallying, Says Hedge Fund Manager Travis Kling

May 14, 2019 by Osato Avan-Nomayo at Adoption, Bitcoin, Moonshot, News

Travis Kling, Chief Investment Officer (CIO) at Ikigai Asset Management believes bitcoin (BTC) is in for a significantly long rally. In a recent discussion on the TD Ameritrade Network, May 13 2019, the hedge fund manager says recent policy decisions by major central banks around the world will cause capital...

Government-Backed Cryptocurrency To Come Soon, Says Ex-Federal Reserve VP

April 30, 2018 by contributor at Altcoins, Bitcoin, Commentary, Finance, News

After 2018’s bearish Q1 for the cryptocurrency market, Q2 is marked with positive news, increased adoption, institutional investing, and a generally bullish sentiment. Taking this trend further is a former Federal Reserve executive, who is certain about cryptocurrencies being adopted by central banks in the near future, providing customers and...

Why Do People Trust Satoshi Nakamoto More Than the Federal Reserve?

April 16, 2018 by Jamie Holmes at Bitcoin, Commentary, News

On April 9, the chief of the NYSE declared that crypto trading is an area that they cannot ignore, and stated that people trust the mysterious creator of Bitcoin, Satoshi Nakamoto, more than they trust the Federal Reserve (or ‘the Fed’), the central bank of the world’s largest economy. In...

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