Report: Ghanaian Currency Slips to Another Low Versus the US Dollar

October 17, 2022 Bitcoin.com

Africa

After it slipped to a rate of about 12:1, the Ghanaian cedi became the latest African currency to touch a new low versus the U.S. dollar, albeit on the unofficial foreign exchange market. Having started 2022 trading around 6.25 per dollar, the cedi has now lost over 90% against the appreciating greenback. Protest Against the […]

‘$600M Would Buy a Lot of Bitcoin’: Microstrategy Boss Steers Bezos Wedding Drama Toward Crypto

Billionaire Stanley Druckenmiller Says One Catalyst Could Trigger ‘Big Role’ for Crypto in the Future

September 30, 2022 The Daily Hodl

Bitcoin

Billionaire investor and hedge fund legend Stanley Druckenmiller is expressing optimism over crypto assets. Druckenmiller says in a CNBC interview that the lack of confidence and trust in central banks could lead to crypto assets playing a “big role” when the rebuilding of economies starts. “I still think… if the Bank of England, what they […]

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‘$600M Would Buy a Lot of Bitcoin’: Microstrategy Boss Steers Bezos Wedding Drama Toward Crypto

Federal Reserve Hikes Benchmark Bank Rate by 75bps to Battle Elevated Inflation

September 21, 2022 Bitcoin.com

75bps

The U.S. Federal Reserve raised the federal funds rate on Wednesday afternoon by three-quarters of a percentage point. The central bank’s move follows the consumer price index (CPI) report last week that showed U.S. inflation jumped last month by 8.3% per annum. Fed Raises Federal Funds Rate by 75bps anticipates ‘Ongoing Increases’ On September 21, […]

‘$600M Would Buy a Lot of Bitcoin’: Microstrategy Boss Steers Bezos Wedding Drama Toward Crypto

White House Releases ‘First-Ever’ Framework for Digital Asset Development — Crypto Industry Leader Says Recommendations Are Unclear

September 17, 2022 Bitcoin.com

biden executive order

The White House has now released what it called its “first-ever” comprehensive framework for the responsible development of digital assets just over six months after U.S. President Joe Biden signed an executive order on the same matter. However, one crypto industry leader has lamented the lack of clarity and understanding of the technology in the […]

‘$600M Would Buy a Lot of Bitcoin’: Microstrategy Boss Steers Bezos Wedding Drama Toward Crypto

Despite the White House Debate, Critics Insist US Officially in a Recession After 2 Consecutive Quarters of Negative GDP Growth

July 28, 2022 Bitcoin.com

75 bps

The U.S. economy has declined for the second-straight quarter as the country’s gross domestic product (GDP) declined by 0.9% in Q2. The Bureau of Economic Analysis’s summary of the U.S. GDP follows the recent debate over the technical definition of a recession. America’s Q2 GDP Data Points to a Recession One of the principal agencies […]

‘$600M Would Buy a Lot of Bitcoin’: Microstrategy Boss Steers Bezos Wedding Drama Toward Crypto

Fed Hikes Benchmark Bank Rate by 75 bps, Elizabeth Warren Says Central Bank Could ‘Trigger a Devastating Recession’

July 27, 2022 Bitcoin.com

75 bps

On Wednesday, the U.S. Federal Reserve raised the federal funds rate by 75 basis points (bps) in order to tame inflation and stabilize the American economy. The recent rate hike is the U.S. central bank’s third rate increase after increasing the benchmark rate by 50 bps last March. Fed Hikes Rate by 75 bps for […]

‘$600M Would Buy a Lot of Bitcoin’: Microstrategy Boss Steers Bezos Wedding Drama Toward Crypto

U.S. Federal Reserve Raises Concerns About the ‘Fragility’ of Stablecoins Amid Crypto Market Crash

June 18, 2022 The Daily Hodl

Altcoins

The U.S. Federal Reserve is issuing another warning about stablecoins amid the current crypto market crash. In a monetary policy report sent to Congress, the Fed’s Board of Governors say recent strains in the crypto market have “highlighted the structural fragilities” of stablecoins and other digital assets. The Fed also argues that stablecoins present a […]

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‘$600M Would Buy a Lot of Bitcoin’: Microstrategy Boss Steers Bezos Wedding Drama Toward Crypto

Bitcoin Miners Reach the Halfway Point to the Next Block Reward Halving

May 6, 2022 Bitcoin.com

1.7% inflation

On May 5, 2022, at block height 735,000, the bitcoin mining pool Poolin mined the 105,000th block reward since the last halving. The mined block also represents the halfway point to the next halving that is estimated to take place on or around April 27, 2024. Block 735,000 follows the network issuing over 19 million […]

‘$600M Would Buy a Lot of Bitcoin’: Microstrategy Boss Steers Bezos Wedding Drama Toward Crypto

IMF Warns Ongoing War in Europe Will Have a ‘Severe Impact on the Global Economy’

March 7, 2022 Bitcoin.com

bitcoin.com

In a report published on Saturday, the International Monetary Fund (IMF) has warned that an ongoing war in Europe and associated sanctions will have a “severe impact on the global economy.” The IMF’s report says there is “extraordinary uncertainty” in the air, and the international financial institution believes “economic consequences are already very serious.” IMF’s […]

‘$600M Would Buy a Lot of Bitcoin’: Microstrategy Boss Steers Bezos Wedding Drama Toward Crypto

Fed Chair Jerome Powell Says Full Report on Digital Currencies To Be Released in Coming Weeks

January 13, 2022 The Daily Hodl

central bank digital currency

U.S. Federal Reserve chair Jerome Powell says that the government’s report on digital currencies, which was supposed to be released last year, will come out in the next few weeks. In July, Powell said that Fed officials would release a discussion paper looking at the feasibility of issuing a central bank digital currency (CBDC) as […]

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U.S. Federal Reserve

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