Federal Reserve System | ForkLog

ForkLog 35 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 14 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 15 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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ForkLog 27 05.05.2022

Fed shocks markets. Bitcoin climbs above $40,000

The Fed, after its May 4–5 meeting, raised the target range for the federal funds rate by 50 basis points to 0.75% to 1.00% per year. At the press conference, Fed Chair Jerome Powell ruled out increasing the pace of policy tightening going forward.

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ForkLog 9 18.04.2022

Biden nominates former Ripple adviser for vice chair role at the Federal Reserve

U.S. President Joe Biden has proposed the candidacy of former Ripple adviser Michael Barr for the position of vice chair for supervision of the Federal Reserve.

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ForkLog 6 14.04.2022

Fed weighs feasibility of a digital dollar

The Fed is examining the potential risks and benefits of a national digital currency (CBDC) through research and experimentation. A final decision on issuance has not been made.

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ForkLog 19 28.03.2022

Fed official calls blockchain overhyped

Blockchain is completely overhyped, and some research on CBDCs resembles advertising clips. This was stated by Fed Governor Chris Waller during a virtual seminar on national digital currencies.

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ForkLog 27 17.03.2022

Fed raises rates for first time since 2018; Bitcoin and S&P 500 rise

Following the March 16-17 meeting, the Fed raised the policy rate for the first time since December 2018 by 25 basis points to 0.25-0.50%. By year-end it could reach 1.9% due to inflation running at a 40-year high, according to Fed projections.

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ForkLog 10 21.02.2022

Fed bans senior officials from trading cryptocurrencies

The U.S. Federal Reserve included cryptocurrencies in rules prohibiting certain officials from trading financial assets.

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ForkLog 21 18.02.2022

Senator Lummis urges the Fed to buy Bitcoin

Wyoming Senator Cynthia Lummis, representing the U.S. Senate, called it a "good idea" for the Fed to buy Bitcoin. She said this during a discussion organised by the Orrin G. Hatch Foundation.

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