Federal Reserve


Policy

IMF, World Bank, G20 Countries to Create Central Bank Digital Currency Rules

Many of the world's largest economies will institute national digital currency banking standards with the International Monetary Fund and World Bank.

pig, digital, bank

Policy

Federal Reserve, 6 Other Central Banks Set Out Core Digital Currency Principles

The seven central banks, along with BIS, have released a report setting out agreed core objectives that must be met by national digital currencies.

Blueprints

Markets

Bitwise Bitcoin Fund Doubles to $9M as Investor Fears Grow Over Runaway Inflation

Record fiscal stimulus has pushed wealthy investors to invest in Bitwise's bitcoin fund as a means to hedge against inflation.

Matt Hougan

Markets

First Mover: Federal Reserve, Congress Play Game of Chicken Over Stimulus as Market Lurches

Markets from stocks to bitcoin have groaned amid dimming prospects for more U.S. stimulus, and neither Congress nor the Fed are taking the lead.

As traders look for fresh stimulus to keep markets buoyant, neither Congress nor the Fed appears ready to blink.

Markets

First Mover: Federal Reserve Does What It Wants to Do as Bitcoin Hits $11K

This week's Fed meeting ushered in a new regime for U.S. monetary policy, offering a reminder of just how frequently top officials change the rules.

Federal Reserve Chair Jerome Powell dons reading glasses prior to Wednesday's press conference. (Federal Reserve, modified by CoinDesk)

Markets

Bitcoin Falls Back Below $11K as Markets Doubt Fed's Ability to Boost Inflation

Prevailing doubts over whether the Fed has what it takes to hit its 2% inflation target hit traditional markets and may have contributed to a bitcoin price drop on Thursday.

Federal Reserve Chair Jerome Powell

Markets

Federal Reserve Now Targets Inflation Above 2%, Bitcoin Breaks $11K

Federal Reserve officials said Wednesday they would hold U.S. interest rates at close to zero and work to push inflation above 2% "for some time."

Federal Reserve Chair Jerome Powell speaking at virtual press conference on Wednesday. (Federal Reserve, modified by CoinDesk)

Markets

First Mover: Binance's CZ Doesn't Even Dispute That DeFi Might Be Inevitable

Big crypto exchanges like Binance, Huobi and OKEx are rushing out DeFi platforms to cash in on the fast-growing industry and stanch user defections.

Binance CEO Changpeng "CZ" Zhao says the centralized exchange's BNB tokens might benefit from the decentralization trend.

Markets

All Eyes on Fed Reserve Rate Announcement, as Bitcoin Fights for $11K

With the Fed's decision on rates due later Wednesday, bitcoin traders will be watching the U.S. dollar action.

Bitcoin prices since late Monday (CoinDesk BPI)

Markets

First Mover: Bitcoin Investors the Sane Ones as Federal Reserve Cheers Inflation, Price Nears $11K

Cryptocurrencies' 2020 gains are the truth gauge as markets react to the Federal Reserve's inflation goal, where Zimbabwe is the model of success.

Crypto investors inverting the gold-price scale is starting to seem like the sane thing to do. (Pixabay, modified by CoinDesk)