Minneapolis Fed President Neel Kashkari calls DOGE a ponzi

Minneapolis Fed President Neel Kashkari calls DOGE a ponzi

The central banker previously referred to cryptocurrencies as a “giant garbage dumpster.” Federal Reserve Bank of Minneaopolis President Neel Kashkari took a jab at Dogecoin (DOGE) last week by referring to the meme coin as a ponzi, upping his rhetoric against cryptocurrencies. Kashkari’s comments were in response to a LinkedIn poll by Paul Grewal, the chief legal officer and corporate secretary at Coinbase, asking his connections about the proper way to pronounce Doge. “The right pronunciation is pon-zi,” Kashkari quipped. Fifty-seven percent of respondents pronounce Doge correctly.....


Related News

Federal Reserve Bank President: Bitcoin Has No Legit Use Case — Crypto Is 95%...

Minneapolis Federal Reserve President Neel Kashkari says crypto is “95% fraud, hype, noise, and confusion.” He added, “I’ve not seen any use case other than funding illicit activities like drugs and prostitution.” Federal Reserve Bank of Minneapolis’ President Says Crypto Is ‘95% Fraud, Hype, Noise and Confusion’ Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, talked about bitcoin and cryptocurrency Tuesday at the Pacific Northwest Economic Regional Annual Summit in Big Sky, Montana. Responding to a question about....

New York Fed president says crypto poses challenging questions for central banks

John Williams responded to a presentation from Mark Carney, the former head of the Bank of Canada and Bank of England, about the potential for issuing central bank digital currencies. New York Federal Reserve Bank President John Williams believes the emergence of cryptocurrencies poses a significant challenge to existing regulations, highlighting the ongoing discussions policymakers are having about blockchain technology and central bank digital currencies, or CBDCs.Before central banks like the Federal Reserve can issue their own CBDC, several major questions pertaining to blockchain....

Bitcoin gains strength as Friday’s $600M BTC options expiry approaches

The Fed’s plan to taper a massive monthly economic stimulus pulled stocks down, but BTC ignored critical comments and looks strong heading into Friday’s options expiry. In the past 7 days, Bitcoin (BTC) failed to break through the $48,000 resistance, but the price remained flat even as Minneapolis Federal Reserve chairman Neel Kashkari bashed the industry. During an appearance at the Pacific NorthWest Economic Region annual summit on August 17, Kashkari said:"So far what I've seen is…95% fraud, hype, noise and confusion."Moreover, according to Yahoo Finance, Kashkari specifically targeted....

Bitcoin clings to $43K as Fed signals up to 7 rate hikes in 2022

Fresh comments from officials shows the need to tame inflation, while bonds see their biggest comedown from all-time highs since 2008. Bitcoin (BTC) continued to fight for $43,000 support at the Wall Street open on March 24 amid fresh jitters tied to United States economic policy.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewKashkari warns of "overdoing it" on hikesData from Cointelegraph Markets Pro and TradingView showed BTC/USD staying just below the $43,000 mark as trading began Thursday.At the time of writing, U.S. markets were still in the process of steadying in their....

Bitcoin hits $44K, but traders want to see a few daily closes here before a m...

BTC pushed through a key price level as investor sentiment soars across the sector, but analysts caution that $44,000 must become support to mark a macro-level trend change. Morale across the cryptocurrency ecosystem is rising on March 24 as several days of positive moves have helped lift Bitcoin (BTC) back above $44,000 and Ether bulls took control at $3,100. The climbing price of BTC comes amid a backdrop of surging inflation and rising interest rates, which could see up to seven hikes over the course of 2022, according to Minneapolis Federal Reserve President Neel Kashkari. BTC/USDT....