Federal Reserve
Bitcoin's Price Perfomance Amid Stock Market Volatility
Bitcoin's recent price action is largely ignoring the broader market concerns surrounding the path of the Federal Reserve’s interest rate hikes. That story and other news shaping the cryptocurrency world in this episode of "The Daily Forkast."
Custodia Bank’s Bid for Fed Supervision Rejected Again
The Federal Reserve Board announced it had again rejected crypto bank Custodia's bid for Fed supervision, after previously denying the application last month. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De explains the latest developments.
Bitcoin Price Falls Back Toward Week's Low on Inflation Worry
The January PCE Price Index – the Fed's favored inflation indicator – unexpectedly rose to 5.4%.
Crypto Bank Custodia's Bid for Fed Supervision Rejected Again
The Fed rejected Custodia's first bid last month.
US Regulators Warn Banks About Crypto Liquidity Risks; IMF Board ‘Generally Agreed’ Crypto Shouldn’t Be Legal Tender
The Federal Reserve and other U.S. banking agencies are warning banks that crypto poses significant liquidity dangers. Separately, the International Monetary Fund’s (IMF) Executive Board said in a statement that cryptocurrency should, in general, not be granted legal tender status.
Former FDIC CIO on Crypto Liquidity Risks for US Banks
The Federal Reserve and other U.S. banking agencies are warning banks that crypto poses significant liquidity dangers, further reinforcing their campaign to generally steer lenders away from digital assets. Former FDIC Chief Innovation Officer Sultan Meghji explains why this warning is a "nothing burger" and whether US regulators' approach to crypto regulation will have a chilling effect on financial innovation. Plus, why FDIC could never insure bitcoin the way US dollars are insured.
US Banking Regulators Warn Banks About Crypto Liquidity Risks
The Federal Reserve and other agencies issued another statement about crypto market vulnerabilities as a threat to U.S. banking.
Bitcoin Price Remains Lower After Release of FOMC Minutes
The Federal Reserve raised its benchmark fed funds rate by 25 basis points at its most recent meeting.
What Coinbase's Q4 Earnings Mean For Crypto
Coinbase (COIN) reported Q4 net revenue of $605 million, ahead of analyst estimates of $588 million and up 5% from $590 million in Q3. Pastel Network co-founder Anthony Georgiades discusses the crypto exchange's latest earnings report and its implications for the crypto industry. Plus, the minutes of the Fed's February 1st meeting will be published later today.
Caitlin Long Sees 'Coordinated Effort' Among Regulators for Custodia Rejection
The CEO says crypto is here, get used to it. Custodia Bank has filed another master account application with the Federal Reserve.
