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Tag: FEDERALRESERVE

US Regulators Slap JPMorgan with $348M Fine for Lapses in Trade Reporting: Report

Blockchain
JPMorgan Chase & Co has found itself in the regulatory spotlight once again, facing a hefty fine of $348.2 million for inadequate monitoring of its trading...

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Here’s How the Fed’s Latest Rate Hike Will Impact Crypto

Blockchain
Federal Reserve raised interest rates for the 10th time since last year.  Fed Chairman Jerome Powell suggested that rates would go even higher if...

Crypto Market Rebounces as U.S Job Openings Fell by 9.6 Million

Blockchain
11 mins ago | 2 mins read Bitcoin News Job openings have dropped...

FDIC pins Signature Bank’s failure on poor governance and illiquidity

Blockchain
The United States Federal Deposit Insurance Corp’s (FDIC) post-mortem assessment of Signature Bank of New York (SBNY) revealed poor management and inadequate risk management...

Texas House of Representatives Passes Bill Requiring Proof of Reserves for Crypto Exchanges

Blockchain
On April 21, the Texas House of Representatives approved a bill requiring cryptocurrency exchanges to maintain sufficient reserves to fulfill their clients’ payment...

Noncash Payments Continue to Grow in the U.S.

Fintech
Noncash payments in the U.S. continue to grow, with the total value increasing at a rate of 9.5% per year 2018 to 2021,...

Bitcoin falls below US$29,000, Ether slumps, U.S. equities stall on inflation concerns

Blockchain
Bitcoin slid below the US$29,000 mark for the first time in 10 days on Thursday morning in Asia. Ether also fell to lose hold...

Fed board member says CBDC dangers outweigh advantages

Blockchain
Governor Michelle Bowman mentioned it’s “difficult to imagine a world” the place the advantages of a central financial institution digital forex (CBDC) can justify...

Economist and Political Scientist Refute Claims of US Dollar’s Demise Despite Trend of De-Dollarization News

Blockchain
This year, there has been a flurry of news reports and opinion editorials discussing an alleged de-dollarization trend amid a wave of disclosures...

Ether Surges Past $2,000 After Successful Upgrade

Blockchain
Markets Rally After Data Shows US Economy Cooling Ether is trading above $2,000 for the first time since August 2022, a day after its heavily...

Weekly Market Wrap: Bitcoin tests upper US$30,000, Ether rises past US$2,000 after Shanghai upgrade

Blockchain
Bitcoin, the world’s largest cryptocurrency by market capitalization, rose 9.87% from April 7 to April 14 to trade at US$30,688 at 9:15 p.m. on...

Robert F. Kennedy Jr. Joins Ron DeSantis in Railing Against CBDCs

Blockchain
As potential candidates fine-tune their platforms in anticipation of 2024 presidential campaigns, Robert F. Kennedy Jr jumped on board the CBDC hate train last...

DeSantis and Kennedy Jr Slam Fed’s Plans for Digital Dollar

Blockchain
DeSantis and Kennedy Jr. criticize Fed’s digital dollar plans. The fed only plans to issue a digital dollar with Congress’ approval. Kennedy Jr. conflates...
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