US Fed

Bitcoin’s price incurred an upsurge above $9.5k yesterday while the U.S. Fed. Reserve left benchmark lending rates close to zero and talked about the provision of another stimulus. Bitcoin rose by more than 4.98 percent yesterday thereby attaining $9,233, following the warning by the U.S. Federal Reserve regarding a medium-term economic disaster prompted by the current COVID-19 pandemic. The price of Bitcoin has been on the upside by over 30 percent in the past seven days as halving is imminent.…

Some factors should make traders go short on Bitcoin following the 50 percent crash in March. The crash compelled numerous people to abandon the crypto domain as the liquidity of cryptocurrency markets fell recently. Dan Tapiero of DTAP Capital and Gold Bullion International noted the unbelievable nature of the latest price action in the investment-level corporate bond market. Charts revealed that corporate bonds’ index is about to attain its lifetime highs following an extreme 20 percent retracement, coming from bonds…

This year has brought tremendous gains in the crypto market. Several leading cryptocurrencies are performing exceptionally well. Numerous questions still need answers regarding the use, potential, and adverse effects of cryptos. Comments on crypto demerits arose, including Minneapolis Federal Reserve president, Neel Kashkari, commenting on the same. He spoke recently at an event, stating that cryptos are "like a giant garbage dumpster," and they do not have the fundamental features of any stable currency. He added that USD is valuable…

Several Central Banks are showing interest in exploring the likelihood of issuing their Central Bank Digital Currency (CBDC). China’s Central Bank seems close to launching its own known Digital Currency Electronic System. Central banks are seriously looking into digital currencies; however, some of these banks’ officials resist digital assets. Regardless, there is increasing cryptocurrency adoption, which is fueling the possible issue of CBDCs by Central Banks. The US Fed Exploring the Likelihood of Launching a CBDC Recently, James Powell of…

Concerning the insight individuals have concerning cryptocurrency and Bitcoin, most people conclude a lot of beliefs and primarily consider their use in illicit activities, especially by criminals. Based on the analysis by a governing member of the Federal Reserve in the U.S., his thoughts on the matter suggest a ratio of one in four users of BTC utilize the service in conducting illegal activities. During an event on December 18, Lael Brainard indulged in commenting about the risks presented by…