July 23, 2024
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UN urges the Federal Reserve and other central banks not to increase interest rates

The UN has urged central banks to refrain from raising interest rates and to veer away from the financial course taken by several western regulators, including the Bank of England. The United Nations Conference on Trade and Development (UNCTAD) has warned that tightened financial regulations and skyrocketing interest rates might lead to a recession even

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Federal Reserve raises rate again by 75 Basis Points

On Wednesday, Federal Reserve raised interest rates again by 75 basis points to tame looming inflation without creating a recession. As stated by Fed Chair Jerome Powell, “As the stance of monetary policy tightens further, it likely will become appropriate to slow the pace of increases while we assess how our cumulative policy adjustments are

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Fed says, The US economy is at risk from sharp interest rate increase

The Federal Reserve (Fed) of the United States has cautioned that a rise in interest rates and the use of stablecoins could endanger the US economy. The study offers the Fed’s assessment of the financial system’s vulnerability and recommendations for promoting financial stability. Two of the most notable points are that a fast rise in

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Bitcoin reaches US$40,000 as the Federal Reserve announces the largest rate hike in 22 years

The total cryptocurrency market value increased by over 5.4 percent, touching $40k price target after the US Federal Reserve announced a 50-basis-point rate hike, the largest since 2000. Following a 25 basis point hike in March — the first rate hike since December 2018 — the increase established a target range of 0.75 percent to

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The DTCC has unveiled a prototype to enable the Federal Reserve’s digital currency

The Depository Trust & Clearing Corporation (DTCC), one of the leading financial service providers in the United States, has announced “Project Lithium,” a pilot program to test infrastructure in support of a digital currency based on blockchain technology in the United States. The DTCC stated in a statement on Tuesday that Project Lithium is based

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A CBDC study has been released by the Federal Reserve Bank of Boston and MIT

The Federal Reserve Bank of Boston and the Massachusetts Institute of Technology’s (MIT) Digital Currency Initiative released the preliminary findings of their central bank digital currency (CBDC) research this week. Also, This study is distinct from the Federal Reserve Board’s study on the digital dollar. The Federal Reserve just released its long-awaited CBDC report, as

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The CEO of Grayscale explains how the Federal Reserve’s introduction of a digital currency could benefit bitcoin

The development of a digital dollar by America’s central bank, according to Michael Sonnenshein, CEO of crypto investment firm Grayscale Investments, the world’s largest digital currency asset manager, would generate tailwinds for Bitcoin. In a recent interview with CBNC’s “Squawk Box,” Sonnenshein suggested that the Federal Reserve’s creation of a digital currency would assist Bitcoin

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Following Bitcoin’s $39,000 high, $2.9 billion worth of bitcoin was removed from exchanges

Traders removed about $3 billion worth of Bitcoins off controlled exchanges as the first cryptocurrency’s price soared to $39,000 after the Federal Reserve kept the country’s key rate steady. However, while some traders and investors were relieved to see Bitcoin approaching $40,000, the presence of extra financial dangers on the market. Also, as Jerome Powell’s

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The crypto markets are in the red as the Federal Reserve plans to raise interest rates in March

Following the recent news from the US Federal Reserve, crypto asset markets began their downturn during the morning trading session on January 27. In terms of total market value, crypto markets have lost another 3.3 percent on the day, bringing the total to $1.70 trillion. As the selloff continues, an extra $116 billion has fled

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The nominee for the Federal Reserve looks to Congress for guidance on the US digital currency

The US Federal Reserve is deferring to Congress on whether or not to introduce a central bank digital currency (CBDC). That’s, according to Lael Brainard, who spoke before the Senate Banking Committee on Thursday. Senator Cynthia Lummis, a Republican, asked if the vice chair nominee thought the digital dollar. Which is, China’s upcoming digital yuan,

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