The U.S. Federal Reserve and the rise of “zombie companies” is prompting investors scramble to hedge against inflation using bitcoin and gold. That’s according to Mark Yusko, founder and…
Tag: Federal
US Stock Market Cap to GDP Eclipses the Dot-Com Bubble High
The booming stock market is driven by perception of the Federal Reserve’s commitment to high prices and growing individual trading, but how sustainable is it? Today’s episode of The…
Signature Bank Gave Dozens More PPP Loans to Crypto Firms Than Previously Reported – CoinDesk
Signature Bank extended dozens more loans under the federal Paycheck Protection Program (PPP) to cryptocurrency businesses than was previously reported. Around $20 million of the $1.9 billion in PPP…
Blockchain Bites: Ethereum’s Lifestyle Brand, Twitch’s Crypto Discounts and MakerDAO’s $1B Milestone – CoinDesk
Twitch is offering discounts to subscribers paying in crypto, a federal court ruled bitcoin is money and R3 Corda’s blockchain is a big thing in Italy’s banking system. You’re…
Blockchain Bites: Goldman’s Hire, Ether’s Options, Bitcoin’s Patronage – CoinDesk
The Federal Reserve is rushing ahead with its payments platform, Russia’s largest bank is going in on blockchain and so is Goldman Sachs. You’re reading Blockchain Bites, the daily roundup…
Bitcoin News Roundup for July 10, 2020 – CoinDesk
With the price of BTC headed down and the Federal Reserve’s largest balance sheet decline in 11 years, CoinDesk’s Markets Daily is back for your bitcoin news roundup! The…
The Federal Reserve’s Declining Balance Sheet Is Bearish for Bitcoin. Or Is It? – CoinDesk
The U.S. Federal Reserve’s balance sheet is contracting, but despite popular opinion that’s not necessarily bad news for bitcoin. The central bank’s balance sheet declined by $88 billion to…
Market Wrap: Stocks’ Carnage Drags Bitcoin Down to $9K – CoinDesk
Markets are taking the U.S. Federal Reserve’s less-than-optimistic economic forecasts quite hard, and that’s leading crypto traders to hit the sell button. Bitcoin (BTC) was trading around $9,258 as…
Why the Fed Keeps Denying Its Role in Increasing Inequality – CoinDesk
The Federal Reserve expects low inflation, says rates will stay close to zero through 2022 and keeps lying about the role of central banks in increasing inequality. Some key…
First Mover: Fed Sees No Inflation Through 2021, but Bitcoiners Are Betting on It Anyway – CoinDesk
There’s no end in sight to loose monetary policy at the Federal Reserve, and that’s just fine with bitcoin bulls. Officials with the U.S. central bank, led by…