Utah Senator Seeks to Abolish Federal Reserve

June 14, 2024 Bitcoin.com

bitcoin.com

Republican Senator Mike Lee from Utah has introduced legislation to abolish the U.S. central bank and its Board of Governors. Lee contends that the U.S. Federal Reserve has “repeatedly failed” the American public and argues for its dissolution. Federal Reserve Targeted for Abolition by Senator Mike Lee Following the lead of House Representative Thomas Massie […]

US government transfers 4,000 BTC to Coinbase

Ryze Labs Weighs In: Fed’s Stance on Interest Rates and Its Impact on Market Dynamics

June 14, 2024 Bitcoin.com

Bitcoin

Following the release of lower-than-anticipated CPI data on June 12, U.S. equities climbed to record highs, with bitcoin exceeding $70,000. However, Ryze Labs, a venture capital firm investing in blockchain and Web3 projects worldwide, particularly in emerging markets, stated that the Federal Reserve’s hawkish dot plot forecast and subsequent comments by Chair Jerome Powell led […]

US government transfers 4,000 BTC to Coinbase

US Senators Urge Federal Reserve to Cut Interest Rates — Warn Fed Policy Threatens Economy, Risks Recession

June 11, 2024 Bitcoin.com

bitcoin.com

Three U.S. senators have urged Federal Reserve Chair Jerome Powell to cut interest rates, arguing that high rates stifle the economy and raise housing and auto insurance costs, which are key inflation drivers. They warn that prolonged high rates risk a recession and increased unemployment, calling for immediate rate cuts to stabilize the economy. Senators […]

US government transfers 4,000 BTC to Coinbase

Economist Henrik Zeberg Says Altcoins Set To Go ‘Flying’ in Blow-Off Top Style Euphoric Bull Run

June 10, 2024 The Daily Hodl

Altcoins

Economist Henrik Zeberg says that the altcoin market is setting up for a parabolic run to new highs before the global economy witnesses a recession. Zeberg tells his 143,000 followers on the social media platform X that he’s looking at the TOTAL-ETH-BTC chart, which measures the entire market cap of crypto assets besides Bitcoin (BTC) […]

The post Economist Henrik Zeberg Says Altcoins Set To Go ‘Flying’ in Blow-Off Top Style Euphoric Bull Run appeared first on The Daily Hodl.

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Nobel Laureate Paul Krugman Claims ‘Inflation Bump Is Over’ — Peter Schiff Says Krugman’s View ‘Should Be Dismissed’

June 2, 2024 Bitcoin.com

Beige Book

Nobel Prize-winning economist Paul Krugman and gold advocate Peter Schiff are in disagreement over inflation. Krugman believes that “the inflation bump is over.” However, Schiff argues that Krugman didn’t even foresee the inflation bump, emphasizing that the Nobel laureate’s view on inflation should be disregarded. Schiff explained that “all indicators point to a reacceleration of […]

US government transfers 4,000 BTC to Coinbase

Ex-Coinbase Executive Balaji Srinivasan Slams Federal Reserve’s ‘Unpredictable Monetary Policy’ – Here’s Why

May 29, 2024 The Daily Hodl

Bitcoin

Former Coinbase executive Balaji Srinivasan isn’t a fan of the U.S. Federal Reserve. Srinivasan says on the social media platform X that the Fed represents “unpredictable monetary policy,” compared to Bitcoin (BTC), which he says is “predictable monetary policy.” “If you made the graph of Bitcoin’s predicted issuance versus its actual issuance over the last […]

The post Ex-Coinbase Executive Balaji Srinivasan Slams Federal Reserve’s ‘Unpredictable Monetary Policy’ – Here’s Why appeared first on The Daily Hodl.

US government transfers 4,000 BTC to Coinbase

US Treasury Secretary Yellen Warns of Challenges in Controlling Deficits and Interest Expense

May 27, 2024 Bitcoin.com

Biden Administration

U.S. Treasury Secretary Janet Yellen has stressed the importance of managing U.S. borrowing needs amid higher long-term interest rates, emphasizing the need to boost revenue in budget negotiations. “We’ve raised the interest-rate forecast. That does make a difference. It makes it somewhat more challenging to keep deficits and interest expense under control,” Yellen told Bloomberg […]

US government transfers 4,000 BTC to Coinbase

Federal Reserve Poll Reveals Only 7% Used Cryptocurrency in 2023; Contradicts Coinbase Data

May 24, 2024 Bitcoin.com

bitcoin.com

The “Economic Well-Being of U.S. Households in 2023” survey, prepared by the Federal Reserve and executed by Ipsos, has revealed that only 7% of the people polled held or used cryptocurrency in the U.S. The survey, which included 11,400 respondents, contrasts with the over 52 million U.S. citizens who crypto exchange Coinbase claims hold crypto […]

US government transfers 4,000 BTC to Coinbase

Goldman Sachs CEO Forecasts No Fed Rate Cuts This Year

May 23, 2024 Bitcoin.com

Bitcoin

David Solomon, CEO of Goldman Sachs, expressed doubts about the Federal Reserve cutting interest rates this year due to the resilient economy, bolstered by government spending and investments in AI infrastructure. Despite these factors, Solomon highlighted the impact of rising prices on consumer behavior, referencing recent reports from McDonald’s and Autozone indicating reduced spending. He […]

US government transfers 4,000 BTC to Coinbase

18M Americans used or owned crypto in 2023 — Fed survey

May 23, 2024 Coin Telegraph

Adoption

Just 1% of United States adults reported using crypto for payment or to send money in 2023.

The number of United States adults reporting crypto ownership or usage dropped to around 18 million in 2023, according to the latest annual household survey from the Federal Reserve.

In the 12 months to October 2023, 7% of surveyed U.S. adults reported using crypto — down from 10% in 2022 and 12% in 2021, according to the Fed’s Survey of Household Economics and Decisionmaking (SHED) published on May 21.

Just 1% of adults said they use crypto as a payment method or to send money, down half from 2022, while 7% purchased or held crypto as an investment.

Federal Reserve

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