Federal Reserve
Federal Reserve Launches Instant Payments Service 'FedNow'
The U.S. Federal Reserve announced that the central bank has officially gone live with its controversial instant payments service, FedNow. Early adopters include JPMorgan Chase and Wells Fargo, with 16 other institutions supporting the service. "The Hash" panel discusses the recent criticism as the Fed says its new service will operate for 24 hours every single day.
Fed Dramatically Speeds Up U.S. Payments With FedNow, but Downplays Any Tie to CBDCs
Some argue it would weaken crypto’s payments use case or form a bridge to a digital dollar.
Bitcoin Remains Under Pressure Below $30K Following U.S. Retail Sales Numbers
Thursday's rally to a new 13-month high of $31,800 has now more than been fully nullified.
Crypto Catalysts: Investors to Weigh Jobs, Retail Sales, Production Data for Latest Inflation Signals
The jobs market remains strong, a concern for the U.S. central bank which seems intent on raising the Federal Funds rate 25 basis points.
Even as Inflation Risk Fades, Bitcoin Remains Stuck Below $31K
Wednesday's CPI report showed sizable decelerations in both overall and core U.S. inflation, which one might've thought would drive BTC's price higher.
U.S. Added 209K Jobs in June, Missing Expectations for 230K
The unemployment rate fell to 3.6% versus 3.7% in May and against expectations for 3.7%.
Bitcoin Unfazed After FOMC Minutes; Valkyrie Refiles for Spot Bitcoin ETF
“CoinDesk Daily” host Jennifer Sanasie explores the hottest stories in crypto, as bitcoin (BTC) remains little-changed after the Federal Reserve's latest meeting minutes are released. Valkyrie refiled its application for a spot bitcoin ETF with the SEC. And, Gemini co-founder Cameron Winklevoss tweets a "final offer" to DCG CEO Barry Silbert. DCG is the parent company of both Genesis and CoinDesk.
Crypto Catalyst Watch: FOMC Minutes, Jobs Numbers Lead Busy Slate of Economic Releases
In addition, the national ISM manufacturing survey, released during the long July 4 weekend, fell to its weakest level since May 2020.
Bitcoin Prices Are Hot, but Here’s What Could Crush the Rally
BTC has proved incredibly resilient to the perils of the past year, including FTX’s demise. But there are some macroeconomic surprises that could erect obstacles to further gains.
Bitcoin Steady Near $31K After Options Expiry; Dollar Index Rises Before Key U.S. Inflation Data
With the expiry done, the supposed price magnet at $26,500 from the max pain point is gone and prices could resume the upward journey, a common pattern during the bull market days of 2021.
