Fed Vice Chair Barr gives update on CBDC research, plugs stablecoin legislation
Fed Vice Chair Barr has provided an update on the central bank’s research into issuing a digital currency. He has also urged swift advances in stablecoin legislation.
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Beware The Fed Before Bitcoin ETF Approval: Bloomberg
The Bitcoin market could soon face a setback in its quest to achieve an exchange-traded fund (ETF), warns Bloomberg, recommending that investors stay wary of the Federal Reserve’s caution when it comes to cryptocurrency investments.
Bitcoin slips below $26K as Fed’s Powell speaks at Jackson Hole.
Bitcoin tumbled below $26,000 on the eve of the Federal Reserve’s annual symposium in Jackson Hole, Wyoming, erasing all gains from the previous week. Analysts suggest the drop could be linked to caution ahead of news from Federal Reserve Chairman Jerome Powell.
Bitcoin surges as Fed prints more “fiat toilet paper”, says Arthur Hayes.
The recent rise of Bitcoin’s value against the US dollar has been remarkable, and one prominent cryptocurrency trader believes this is due to the Federal Reserve’s printing of “fiat toilet paper”, according to Arthur Hayes.
The Fed’s Stablecoin Note Takes Aim at Bank Runs, Reversible Transactions
The Federal Reserve released a new financial product, the “stablecoin note,” to address the issue of bank runs and to facilitate reversible transactions. The note is the first of its kind from the Fed and is an important step in modern banking.