Fri, March 29

U.S Federal Reserve Chair Jerome Powell Hints at Interest Rate Hikes

On Wednesday, Bitcoin and Ethereum values touched their highest point in six weeks, marking a general resurgence in the cryptocurrency market. In the previous day, the price of Bitcoin has increased by 8% to over $29,000, while the price of Ethereum has increased by 6% to over $1800. Meanwhile, in

June 21, 2023 1 min read

Crypto Market Briefly Rebounds as U.S Inflation Falls to 4%

U.S. Consumer Price Index (CPI) numbers for May 2023 were issued by the Bureau of Labour Statistics on Tuesday. The authorities said that the CPI for all urban consumers grew 0.1% in May after adjusting for seasonal factors and increased by 4% over the previous 12 months. As a result,

June 13, 2023 1 min read

Will FOMC Meeting Subtle the Inflation Sooner?

During the last Federal Open Market Committee (FOMC) meeting in May, the chairperson of the Federal Reserve System (FED), Jerome Powell conveyed that the Central Bank in the U.S. won’t be proceeding with the hikes but rather will halt for a period. However, the upcoming FOMC meeting on June 13-14

June 9, 2023 2 mins read

IMF Urges Federal Reserve to Hike Interest Rate To Curb Inflation

In order to bring inflation under control, the International Monetary Fund (IMF) advises the Federal Reserve of the United States to maintain hiking interest rates for a longer length of time. The IMF also recommended that the Biden administration use stricter fiscal policies to bring down the national debt. Under

May 27, 2023 2 mins read

U.S Fed Reserve Officials in Favor of Further Interest Rate Hike

Despite the disastrous debt limit issue, US Federal Reserve officials are considering more rate rises, including the presidents of the Federal Reserve Banks of Minneapolis and St. Louis. The debt limit agreement will affect the price of Bitcoin because the US Treasury will issue government bonds to replenish funds depleted

May 22, 2023 1 min read

Jerome Powell Condemns Reasons Affecting Economy; Does It Include Crypto Market?

Jerome Powell, the Federal Reserve Chairman, stated that the central bank is strongly committed to returning inflation to the 2% goal. And the failure could cause greater harm to the economy. The statement raises the question of whether the failure also harms the crypto market.  On May 19, while speaking

May 19, 2023 2 mins read

Bitcoin Custody Service to be Launched on Custodia Bank, Says Caitlin Long

On a Bitcoin 2023 panel, several authority officials including the CEO of Custodia Bank, Caitlin Long, and the Head of Market Research of Bitcoin Magazine, Dylan LeClair, and others appeared. Caitlin Long announced that the Custodia Bank will be launching a Bitcoin custody service when the ‘hyperbitcoinization’ hasn’t begun yet.

May 19, 2023 2 mins read

Texas Takes a Stand Against Central Bank Digital Currency (CBDC)

On May 12, Texas announced that they were introducing a bill to ban the Central Bank Digital Currency (CBDC) in their state by the 88th legislature. According to the draftees, CBDC is a bad idea. A Central Bank Digital Currency is the digital form of a country’s fiat currency. CBDC

May 13, 2023 1 min read

Crypto Market Rallies as U.S CPI Inflation Comes in at 4.9% for April

According to the US Bureau of Labor Statistics, annual inflation in the United States for April came in at 4.9%, which was lower than the consensus estimate of 5%. In addition, after increasing by 5.6% in March, the annual core inflation rate declines to 5.5% in April. As a consequence,

May 10, 2023 1 min read

North Carolina Passes Bill Banning CBDC Payments and Fed Testing

The North Carolina House of Representatives has passed a bill, “HB690,” that prohibits individuals from using central bank digital currencies (CBDCs) to make payments to the state. The legislation also prohibits the Federal Reserve from using North Carolina as a potential testing ground for its own CBDC pilot. The bill

May 5, 2023 3 mins read