The US Fed, or the US Federal Reserve, has decided to keep the interest rate as it is. The crypto market was earlier speculating what the decision could be, even though the majority of the sphere was confident about no rate cut. The decision comes after the US President Donald
The US Fed Chair Jerome Powell has received support from global central bankers. This comes amid the rising tension between him and US President Donald Trump. Support in such a large number has triggered anticipation of no rate cut in the January meeting. Thereby affecting the crypto market to some
Five days prior to Treasury’s deadline, the US House of Representatives overwhelmingly voted on Wednesday to boost the federal debt ceiling. With the majority of Democrats and Republicans voting in favor, the U.S. House of Representatives passed a bill to suspend the $31.4 trillion debt limit. Also, the bill would
In a recent release of the Federal Open Market Committee (FOMC) minutes, some startling revelations have emerged, shedding light on the discussions and concerns among officials during the May meeting. These minutes provide crucial insights into the current state of the economy and the future path of monetary policy. Let’s
FedNow is an initiative of the Federal Reserve Bank for a new, enriched payment service. The announcement is about launching this payment service in the upcoming July 2023. It is one of several services of the Federal Reserve, including FedWire, a credit transfer service, and FedACH, an automated clearing house.
The New York and Federal financial regulators have rejected the largest crypto exchange Binance’s $1.2 billion assets acquisition of bankruptcy cryptocurrency lender Voyager Digital. According to a 22nd February document, regulators believed it might be discriminatory and illegal. Binance U.S resubmitted its bid on Voyager after FTX filed for Chapter
Today the U.S based cryptocurrency exchange Coinbase (COIN) shares soared by more than 24%, despite the Federal Reserve’s most recent hike in interest rates and statements from Fed Chair Jerome Powell about the Fed’s efforts in battling the high rate of inflation. Further, on Wednesday, a U.S. judge dismissed the
Following Federal Prosecutors asked U.S. district judge Lewis Kaplan to modify the terms of the Sam Bankman-Fried bond agreement. SBF’s lawyer pleaded U.S. judge not to restrict the cryptocurrency exchange FTX executive’s ability to contact former colleagues as a condition of his release on bail. According to a 27th January
U.S Federal prosecutors seized around $700 million in cash and assets. That was either owned by the defunct cryptocurrency exchange FTX or associated with its founder and former CEO Sam Bankman-Fried, ‘SBF.’ According to a court document filed on Friday, federal investigators in the Southern District of New York have
The US inflation crossed the planned 2% and reached a decade high of 8.9% Crypto and digital assets need regulation similar to banking and capital market ones. On June 22, Federal Chairperson Jerome H Powell presented the Semiannual Monetary Policy Report to Congress. The policy report had statements regarding the
