Jerome Powell


Markets

First Mover Asia: Thailand Has Already Proven Why Taking Crypto for Luxury Items Isn't Working

Gucci will begin accepting crypto payments at five stores as part of a wider commitment, but the success of its initiatives is uncertain; bitcoin plummets in Thursday trading.

Luxury brand Gucci has entered the crypto world. (Robert Alexander/Getty Images)

Markets

Bitcoin Plunges Most in 2 Months Amid Stock Market Sell-off

Bitcoin dropped more than 7% on Thursday. The decline was in line with a broad fall in the prices of stocks and bonds.

The price of bitcoin (BTC) dropped 7% on Thursday to a two-month low. (Source: TradingView/CoinDesk)

Markets

First Mover Asia: Events in China, India Have Also Weighed on Crypto Prices

Investors may have been focusing on U.S. interest rate hikes and the economic fallout of Russia’s Ukraine invasion, but bitcoin has been subject to other headwinds; cryptos soar post-rate hike.

India Parliament building (Unsplash)

Markets

Fed Hikes Rate at Fastest Pace in 22 Years, Will Start Shrinking Balance Sheet

The central bank is taking a hawkish stance as inflation is running at its highest level in four decades.

Federal Reserve chair Jerome Powell at a press conference following the Fed's decision on May 4, 2022. (Source: Wall Street Journal)

Videos

What Next Week’s Fed Meeting Means for Bitcoin

CoinDesk Managing Editor for Markets Brad Keoun shares his bitcoin price outlook. Could the digital asset break its current trading range between the mid-30s and high-40s? Plus, a discussion on the upcoming Federal Reserve meeting as Jerome Powell stated plans to raise interest rates by 50 basis points. 

Recent Videos

Videos

BTC Reacts to Possible Half-Point Rate Rise in May

CoinDesk Managing Editor for Markets Brad Keoun discusses bitcoin’s reaction to recent statements by Fed Chair Jerome Powell about a possible interest rate hike by 50 basis points. Plus, crypto’s environmental impact as Earth Day raises ESG concerns, Justin Sun’s USDD stablecoin project and the best times of day to trade crypto. 

Recent Videos

Markets

First Mover Asia: A Year After Coinbase's IPO, Most Listed Crypto Firms Are Under Water Compared With Bitcoin's Performance; BTC Retreats From $42K

Fed Chair Jerome Powell suggested a series of interest-rate increases that might be higher than the usual 0.25 percentage point.

(Charlie Jung/Getty Images)

Markets

Fed's Powell Says 50 Basis Point Hike ‘On the Table’

The Federal Reserve chair spoke on a panel about the global economy presented by the International Monetary Fund.

Federal Reserve Chair Jerome Powell on a panel hosted by the International Monetary Fund on April 21, 2022. (IMF)

Opinion

Will Rising Interest Rates Sink the Crypto Ecosystem?

Competition for capital is clobbering speculative investments like tech stocks. Digital assets have held up comparatively well – so far.

Crypto investors may be in for rough sailing as interest rates rise. Charles Turner's "A Shipwreck," 1805, from the collection of the Art Institute of Chicago.

Videos

OFAC and FinCEN Lacking Resources for Crypto Regulation

CoinDesk Managing Editor for Global Policy and Regulation Nikhilesh De discusses how OFAC and FinCEN budget concerns impact regulators' ability to have cohesive oversight of the space. Plus, a conversation about Fed Chair Jerome Powell and Bank of England Governor Andrew Bailey addressing the need for international coordination of cryptocurrency policy. 

Recent Videos