Federal Reserve System | ForkLog

ForkLog 11 27.07.2022

Fed raises key rate; Bitcoin rises above $22,000

On Wednesday, July 27, the U.S. Federal Reserve raised the target range for the federal funds rate by 75 basis points to 2.25–2.50%. The cryptocurrency market responded with a rally.

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ForkLog 11 14.07.2022

US Senate backs nomination of former Ripple adviser as Fed vice chair

The U.S. Senate approved President Joe Biden's proposed nomination of former Ripple adviser Michael Barr as vice chair of the Fed, with a focus on regulating the banking sector.

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ForkLog 7 10.07.2022

Fed calls for tighter regulation of the cryptocurrency industry

The cryptocurrency industry needs tougher regulation, as the collapse in the digital asset market testified to serious vulnerabilities within the sector. This was stated by Fed Vice Chair Lael Brainard at a Bank of England conference.

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ForkLog 9 04.07.2022

Jim Cramer: The Fed Secures an Outstanding Victory Over Cryptocurrencies

Former hedge fund manager of Cramer & Co. and host of CNBC's Mad Money, Jim Cramer, noted progress of the U.S. Federal Reserve in its fight against digital assets.

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ForkLog 8 24.06.2022

Fed Chair outlines work on CBDC implementation plan

The head of the U.S. Federal Reserve, Jerome Powell, told a Senate hearing that a CBDC implementation strategy is being prepared.

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ForkLog 50 23.06.2022

Fed chair Jerome Powell: we are closely watching developments in the cryptocurrency market.

US Federal Reserve officials are closely watching cryptocurrencies amid heightened market volatility, Fed chair Jerome Powell said.

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ForkLog 14 16.06.2022

Fed raises key rate; Bitcoin and Ethereum rally

The Federal Reserve raised the target range for the federal funds rate by 75 basis points at its June 14-15 meeting, to 1.5-1.75%. The move marked the regulator's first such increase since 1994.

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ForkLog 33 14.06.2022

Volatile stablecoins and the risk of a broad recession: experts offer forecasts for the crypto market

ForkLog spoke with experts about the reasons for the decline in cryptocurrency prices and near-term prospects for the market.

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ForkLog 8 08.06.2022

Kaitlin Long’s cryptocurrency bank sues the Fed

The Custodia cryptocurrency bank (formerly Avanti) has filed a lawsuit against the Fed over delays in ruling on its application for access to the regulator's payments system through a master account. The complaint was filed in the U.S. District Court for the District of Wyoming. Kaitlin Long accused the regulator of delaying the processing of a "critically important for business" Custodia filing. According to the lawsuit, 19 months had elapsed since the filing.

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ForkLog 8 24.05.2022

Fed acknowledges popularity of cryptocurrencies as an investment instrument

Most Americans view digital assets as an investment instrument rather than a means of payment. This is stated in the Fed's annual report on the well-being of US households.

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ForkLog 9 20.05.2022

Fed vice-chair candidate urges regulation of stablecoins

The nominee for the position of vice chair of the Fed, Michael Barr, at a Senate hearing, highlighted the importance of creating a regulatory framework for stablecoins. If confirmed to the post, he would focus on banking regulation tasks.

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ForkLog 7 10.05.2022

Fed warns of risks linked to stablecoins

Stablecoins pose one of the risk areas for the financial system due to potential problems converting them into fiat. This is stated in the Federal Reserve's new Financial Stability Report.

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