U.S. Central Bank

Fed Governor Bowman Insists High Inflation Could Necessitate Future Rate Hikes

April 7, 2024 Bitcoin.com

2% Inflation

Inflation in the U.S. has remained persistent, experiencing increases in the first two months of 2024, prompting members of the U.S. Federal Reserve to exercise caution against premature rate reductions. Federal Reserve Governor Michelle Bowman has voiced considerations for elevating interest rates, diverging from market anticipations of rate reductions within the year. Bowman’s concerns primarily […]

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Coinbase faces new lawsuit over alleged investor deception

Biden Aides Explore Minting $1 Trillion Platinum Coin as Solution to Impending Debt Default

May 4, 2023 Bitcoin.com

bitcoin.com

As the United States stares down the barrel of a potential debt default come June, a curious and intriguing solution has emerged: crafting a single $1 trillion platinum coin. This unusual tactic exploits a legal loophole that allows the Treasury Department to mint platinum coins of any value. By delivering such a coin to the […]

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Coinbase faces new lawsuit over alleged investor deception

Republican Congressman Tom Emmer Queries FDIC on Alleged Efforts to Purge Crypto Activity from US

March 17, 2023 Bitcoin.com

anti-crypto message

On Wednesday, Tom Emmer, the U.S. Republican congressman from Minnesota, revealed he sent a letter to Martin Gruenberg, the chairman of the Federal Deposit Insurance Corporation (FDIC), regarding reports that the FDIC is “weaponizing recent instability” in the U.S. banking industry to “purge legal crypto activity” from the United States. Specifically, Emmer asked Gruenberg if […]

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Coinbase faces new lawsuit over alleged investor deception

US Inflation Data Eases Concerns; Crypto Economy Jumps 11% Higher While Market Analysts Anticipate Fed’s Next Decision

March 14, 2023 Bitcoin.com

all-items index

The U.S. Labor Department released the consumer price index (CPI) report on Tuesday. Although inflation increased in February year-over-year, the rise was expected, and the annual inflation rate for all items was 6%. The cooling inflation has eased some concerns, but fears of financial contagion have spread. Market strategists are further anticipating the U.S. central […]

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Coinbase faces new lawsuit over alleged investor deception

NY Regulators Seize Control of Signature Bank, Depositors Assured by Federal Bailout

March 13, 2023 Bitcoin.com

Adrienne Harris

On Sunday, the New York Department of Financial Services, or DFS, announced that it had taken possession of Signature Bank. The DFS appointed the Federal Deposit Insurance Corporation, or FDIC, as the receiver of the bank. In a joint statement, the U.S. Federal Reserve, Treasury Department, and FDIC explained that all Signature depositors would be […]

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Coinbase faces new lawsuit over alleged investor deception

Fed’s Bostic Cautious About Rate Hikes as President Biden Blames Higher Prices on Covid-19 and Putin

April 20, 2022 Bitcoin.com

1.75%

As inflation continues to wreak havoc on the lives of ordinary American citizens, all eyes are focused on the U.S. Federal Reserve’s plans to fix the situation. Meanwhile, as the St. Louis Fed president James Bullard wants to aggressively hike the benchmark bank interest rate, Atlanta Fed president Raphael Bostic thinks the central bank needs […]

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Coinbase faces new lawsuit over alleged investor deception