How The State Of Global Markets Could Be Pushing The Federal Reserve To Adopt...
Analyzing the precarious positions of the world’s fiat economies can drive a conclusion that the Federal Reserve will have to adopt bitcoin.This is an opinion editorial by Mike Hobart, a communications manager for Great American Mining. Photo by Daniel Lloyd Blunk-Fernández via Unsplash In the wee hours of the morning on Friday, September 23, 2022, markets saw yields on the U.S. 10-year bond (ticker: US10Y) spike up over 3.751% (highs not seen since 2010) shocking the market into fears of breaching 4% and the potential for a run in yields as economic and geopolitical uncertainty....
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In its highly anticipated report on Blockchain technology, the Federal Reserve described the potential of the distributed ledger technology (DLT) in the settlement of payments, assets and clearing, emphasizing the importance of immutability, transparency and proper security measures. Fed’s interest in Blockchain. The Federal Reserve is interested in the implementation and integration of Blockchain or distributed ledger-based systems for transaction settlement and clearance. The Fed noted that if US PCS systems, that process around 600 mln transactions worth $12.6 trillion annually, adopt....
Following US Federal Reserve chair Jerome Powell’s recent comments that led to higher treasury yields, Bitcoin price and other cryptocurrencies experienced modest gains on Friday. However, a legal action by the state of New York against Digital Currency Group, Genesis Global Capital, and the Gemini crypto exchange, alleging fraud exceeding $1 billion, created some uncertainty. […]
On Friday, May 9th, 2014, the Federal Advisory Council and Board of Governors of the Federal Reserve met for their quarterly meeting in Washington D. C. This meeting was historically held in secrecy until Bloomberg News "won" a Freedom of Information Act request under the Freedom of Information Law requiring the Fed to make the meetings minutes available to the public. The Federal Advisory Council (FAC) is "composed of twelve representatives of the banking industry, consults with and advises the Board on all matters within the Board's jurisdiction..." according to the Federal Reserve in....
The Federal Open Market Committee has surprised markets by speaking in dovish tones about the US and the global economy. While many people expect the Fed... and we examine the implications for the economy and Bitcoin. Meanwhile, the Bitcoin Price, along with Gold, continues advancing. The layout of the article has changed. Bitcoin price analysis is now posted as the final section and updates made during the European and US sessions will be added after it, at the bottom of the article. The chronology of price development should be easier to follow. Links to the various sections are provided....
A representative of the US Federal Reserve spoke out about bitcoin today at a town hall meeting at North Dakota State University, Reuters reports. Addressing the audience, Minneapolis Federal Reserve Bank President Narayana Kocherlakota indicated he is interested in bitcoin's underlying technology, but not its use as a currency. Kocherlakota also responded to the suggestion that bitcoin could ever become a legitimate competitor to the US dollar, stating: "That's where I think the interest of it is, myself, as opposed to a new currency that's going to drive the US dollar out of....