Federal Reserve
OFAC and FinCEN Lacking Resources for Crypto Regulation
CoinDesk Managing Editor for Global Policy and Regulation Nikhilesh De discusses how OFAC and FinCEN budget concerns impact regulators' ability to have cohesive oversight of the space. Plus, a conversation about Fed Chair Jerome Powell and Bank of England Governor Andrew Bailey addressing the need for international coordination of cryptocurrency policy.
Bitcoin Breaks $43K Despite Powell's Call for New Regulations on Crypto
Marc Lopresti, The Strategic Funds' managing director, discusses the recent upswing in the crypto markets amid Fed Chair Jerome Powell’s statements on a digital dollar and Terra Luna’s purchase of $125 million worth of bitcoin. Plus, a conversation about investor interest in various altcoins like Solana, AVAX, and ether, and traditional finance’s ongoing effort to enter the DeFi space.
BTC Correlation to the S&P 500 Hitting 17-Month High
The debate over bitcoin's value as a digital gold safe haven asset or a risky investment is heating up. As BTC's sensitivity to stock markets increases, concerns that the Federal Reserve's aggressive tightening plans may tip the U.S. economy into recession rise. Christine Lee breaks down the Chart of the Day.
UK, US Regulators Call for ‘High Levels’ of Global Collaboration in Overseeing DeFi
The Fed is sharing its analysis on central bank digital currencies (CBDC) with six other central banks at the BIS, said Chair Jerome Powell.
Bitcoin's Correlation to S&P 500 Hits 17-Month High
The 90-day correlation between the top cryptocurrency and the S&P 500 has risen to its highest level since October 2020.
Fed Chair Powell’s Hawkish Stance on Inflation Could Hurt Crypto
Interest rate hikes could drive down crypto, especially because of its strong correlation with traditional financial markets, analysts say.
3 Reasons Bitcoin Is Staying Resilient to Powell's Hawkish Remarks
The inversion of the yield curve signals the Fed may compromise in the future, so it's a good sign in part, one trader said.
CME Open Interest Suggests Downtrend Is Over
Federal Reserve Chariman Jerome Powell says the Fed will consider more aggressive rate hikes to tame inflation. The statement sent bitcoin trading in the red Monday along with traditional markets.
Wrap du marché : Bitcoin recule après les commentaires du président de la Fed ; Volatilité survendue
Certains traders s'attendent à des fluctuations de prix plus importantes après la vente de volatilité de fin de mois.
Conclusione del mercato: Bitcoin si ritira dopo i commenti del presidente della Fed; Volatilità ipervenduto
Alcuni trader si aspettano maggiori oscillazioni dei prezzi dopo le vendite basate sulla volatilità di fine mese.