U.S. Federal Reserve

Circle Partners With Cross River Bank, Handful of US ‘Crypto-Friendly’ Banks Remain; Okcoin Suspends USD Deposits

March 13, 2023 Bitcoin.com

ACH

Circle Financial, the issuer of the stablecoin USDC, is partnering with Cross River Bank after its former settlement partner, Signature Bank, was closed by New York regulators, according to a statement from CEO Jeremy Allaire. “The 1:1 redeemability of all USDC in circulation is of paramount importance to Circle,” Allaire emphasized. Crypto Firms Scramble for […]

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Best Wallet Raises $5M in New Crypto Presale, Expert Predicts 10x Potential

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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Best Wallet Raises $5M in New Crypto Presale, Expert Predicts 10x Potential

‘Fiat Is Fragile’ — Silicon Valley Bank’s Collapse Sparks Finger-Pointing and Concerns of Contagion

March 11, 2023 Bitcoin.com

Balance Sheet

Silicon Valley Bank (SVB) has become the center of attention after its collapse prompted the U.S. Federal Deposit Insurance Corporation (FDIC) to shut the bank down on Friday. It was the largest U.S. bank failure since 2008, and various alleged catalysts have been pointed to. Some believe venture capitalists caused a bank run, while others […]

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Best Wallet Raises $5M in New Crypto Presale, Expert Predicts 10x Potential

Expert Warns of Possible Deflationary Depression as Money Supply Contracts: ‘Pay Attention to QT and the Money Supply’

March 9, 2023 Bitcoin.com

bitcoin.com

During the Covid-19 pandemic, central banks such as the U.S. Federal Reserve loosened fiscal and monetary policy. Now, these same financial institutions are seemingly engaging in quantitative tightening (QT) practices. According to Nick Gerli, CEO and founder of Reventure Consulting, “the money supply is officially contracting.” This has only happened four times in the last […]

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Best Wallet Raises $5M in New Crypto Presale, Expert Predicts 10x Potential

Market Strategist Michael Wilkerson Believes US Inflation Could Rise to 12% by Year-End Despite Predictions of Decrease

February 26, 2023 Bitcoin.com

3% range

While several market strategists and analysts expect U.S. inflation to drop considerably in 2023 compared with last year, Michael Wilkerson, founder of Stormwall Advisors, thinks the inflation rate could climb as high as 12% by the end of this year. The country’s inflation rate has cooled down over the past seven months, but Wilkerson insists […]

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Best Wallet Raises $5M in New Crypto Presale, Expert Predicts 10x Potential

Commodity Strategist Mike McGlone Predicts a Recession as Top Catalyst for Gold’s Rise Above $2,000

February 24, 2023 Bitcoin.com

bear markets

This week, Bloomberg Intelligence senior macro strategist Mike McGlone shared his March outlook and noted that the “top catalyst” that could push gold above the $2,000-per-ounce range is a recession. McGlone further explained in an update about bitcoin and the Nasdaq that a key ingredient to force the U.S. Federal Reserve to pivot its stance […]

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Best Wallet Raises $5M in New Crypto Presale, Expert Predicts 10x Potential

U.S. Federal Reserve Governor Compares Crypto Assets to Baseball Cards, Argues They’re Just Speculative

February 11, 2023 The Daily Hodl

Daily Hodl

A high-ranking crypto-skeptic in the U.S. Federal Reserve thinks digital assets are like baseball cards and have no intrinsic value. Christopher J. Waller, one of the seven members of the Fed’s Board of Governors, says in a new speech that the value of crypto assets is driven “purely by belief.” “To me, a crypto-asset is […]

The post U.S. Federal Reserve Governor Compares Crypto Assets to Baseball Cards, Argues They’re Just Speculative appeared first on The Daily Hodl.

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Best Wallet Raises $5M in New Crypto Presale, Expert Predicts 10x Potential

Market Strategist Predicts Gold Will Be the Top Performer in 2023 Over Cryptocurrencies and Equities

February 5, 2023 Bitcoin.com

$9000 per coin

Gareth Soloway, president and chief market strategist at inthemoneystocks.com, predicts that gold will outperform cryptocurrencies and equity performances in 2023. In an interview published Thursday, Soloway emphasized his belief that “gold will be the best performer” this year and stated that the U.S. Federal Reserve will not cut rates until a “massively nasty recession” occurs. […]

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Best Wallet Raises $5M in New Crypto Presale, Expert Predicts 10x Potential

ARK Invest Predicts Market Rebound, Says Crypto Assets To Become Valued for Scarcity in Age of Abundance

January 25, 2023 The Daily Hodl

Ark Invest

The chief executive of investment firm ARK Invest thinks the U.S. Federal Reserve is about to alter its inflation strategy, which she believes will help the market rebound. In a new company video, ARK Invest CEO Cathie Wood says that the US economy is probably in an “inventory recession” right now. Wood says the current […]

The post ARK Invest Predicts Market Rebound, Says Crypto Assets To Become Valued for Scarcity in Age of Abundance appeared first on The Daily Hodl.

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Best Wallet Raises $5M in New Crypto Presale, Expert Predicts 10x Potential

Yuan Taps New Low Versus US Dollar as Investors React to Endorsement of Chinese President’s Third-Term Bid

October 25, 2022 Bitcoin.com

“zero-Covid-19” strategy

The Chinese yuan’s offshore exchange rate against the U.S. dollar fell to a new all-time low of 7.33:1 just over a day after the conclusion of the Chinese Communist Party’s congress which gave President Xi Jinping the mandate to lead the country for the third time. Concerns over Xi’s unprecedented third term, as well as […]

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Best Wallet Raises $5M in New Crypto Presale, Expert Predicts 10x Potential