Fed


Opinion

Who Failed Silicon Valley Bank Depositors?

Should we point fingers at Silicon Valley Bank, the Federal Reserve, the banking system, crypto or the depositors themselves?

Where's George Bailey when you really need him? (RKO Radio Picture/Getty Images)

Videos

Crypto’s Worst Week of 2023

Crypto markets slammed by Fed, Silvergate, lawsuits. That story and other news shaping the cryptocurrency world in this episode of "The Daily Forkast."

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Markets

Bitcoin Rebounds Above $22K, Equities Struggle After Fed Chair Powell Says Rates Are ‘Likely to Be Higher’

Over 70% of traders now see the possibility of a 50 basis point rate hike at the March FOMC meeting. Bitcoin has dropped 1.6% in the past 24 hours but remained rangebound.

(Getty Images)

Policy

Federal Reserve’s Powell: We Don’t Want to Strangle Crypto Innovation, but Sector Is a Mess

The central bank's chairman said the Fed is sticking to its warnings that banks should be “quite cautious” about getting involved in digital assets.

Fed Chair Jay Powell Signaled Easier Monetary Policy on Wednesday (Win McNamee/Getty Images)

Markets

Crypto Observers Look to Treasury Yields for Cues as Bitcoin Remains Comatose

BTC may struggle to maintain current valuations if the U.S. government bond yields extend the February rally, one trading firm said, although the yields have started to pull back.

(Asa E-K/Unsplash)

Policy

U.S. Lawmakers Argue SEC Accounting Policy Undermines Safe Crypto Custody

Rep. Patrick McHenry, chairman of the House Financial Services Committee, and Sen. Cynthia Lummis teamed up on a letter questioning regulators about crypto accounting policy.

U.S. Sen. Cynthia Lummis (left) and Rep. Patrick McHenry (Shutterstock/CoinDesk)

Videos

Fed’s Preferred Inflation Gauge Runs Hot; Outlook for Bitcoin Futures on CME

The January PCE Price Index – the Fed's favored inflation indicator – unexpectedly rose to 5.4%. Separately, three-month bitcoin futures listed on the CME, which is widely considered a proxy for institutional activity, are trading at an annualized premium of around 8.7% to the underlying reference index. The equivalent premium on offshore exchanges, mainly Binance, has jumped to 6.3%, the highest since January 2022.

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Videos

Bitcoin Slips Below $24K Amid New Inflation Data; Coinbase’s New Layer 2 Blockchain Has Rocky Rollout

Bitcoin (BTC) failed to recapture the $24,000 support level following the release of the personal consumption expenditure (PCE) index, also referred to as the Fed's favorite inflation gauge. Plus, crypto exchange Coinbase’s new layer 2 blockchain Base had a rough start on Thursday, drawing a stream of complaints from users on social media.

Recent Videos

Markets

Bitcoin Hovers Near $24K as Investors Mull Economic Uncertainties

Bitcoin was trading sideways over the past 24 hours, while ether has risen 2.1%.

Crypto markets have struggled to gain traction. (David Foti/Unsplash)