Day: March 8, 2023

Fed Chair Warns of Higher Interest Rates Than Previously Anticipated, Faster Hikes – Economics Bitcoin News

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Federal Reserve Chairman Jerome Powell has warned that “the ultimate level of interest rates is likely to be higher than previously anticipated.” In addition, if faster tightening is warranted, the Fed “would be prepared to increase the pace of rate hikes,” Powell said. The Fed Anticipates Higher Rates, Faster Hikes Federal Reserve Chairman Jerome Powell presented the Fed’s semiannual Monetary Policy Report to the Senate Committee on Banking, Housing, and Urban Affairs on Tuesday and the House Committee on Financial Services on Wednesday. “My colleagues and I are acutely aware…

Bitcoin bulls’ desire for a trend reversal could be obliterated by this week’s $565M options expiry

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Bitcoin’s price (BTC) fell below a four-day narrow trading range near $22,400 on March 7 following comments by U.S. Federal Reserve Chair Jerome Powell as he sat before a Senate banking committee. During the congressional appearance, the Fed chairman warned that the bank is prepared to tame inflation by pushing for more significant interest rate increases. Fed Chair Powell added that “the ultimate level of interest rates is likely to be higher than previously anticipated,” and that recent economic data was “stronger than expected.” These remarks significantly increased investors’ expectations…

Why Senegal rejects the CFA and is warming to Bitcoin: video

Cryptox goes to Senegal, West Africa. The medium-sized African nation recently hosted a Bitcoin conference (BTC) and more and more merchants and customers are joining the Lightning Network.  Armed with a camera, a lightning wallet and a microphone, Reporter Joe Hall took to the streets of Senegal to peer under the surface of Bitcoin adoption in the capital city, Dakar. As the Cryptox Youtube video highlights, Senegal has a young, digitally native population and in recent years, its become second nature for people to send money via mobile phones rather…

Review – Is Cointraffic the Top Choice for Cryptocurrency Ads

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Cointraffic is a globally recognized advertising network for cryptocurrency and blockchain. Based in Estonia, the company has a wide range of crypto projects and publishers that use its services. Both small and large publishers highly regard Cointraffic’s ad network, which is an effective means of generating revenue for crypto news and blog sites. The optimized ads that are distributed through the network, along with its crypto press release distribution service, provide benefits to both advertisers and publishers. Expectations regarding Cointraffic CPM (cost-per-mile) advertising is used to maximize banner impressions. As…

CFTC continues to explore digital asset policy considerations in MRAC meeting

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The United States Commodity Futures Trading Commission, or CFTC, was a part of discussions on a regulatory framework for digital assets as well as use cases for blockchain technology. In a March 8 meeting of the CFTC’s Market Risk Advisory Committee, commissioners, regulators, and industry representatives were scheduled to discuss “critical policy considerations” as part of the commission’s efforts to develop a regulatory framework for digital assets. In addition, industry leaders including Uniswap Labs CEO Hayden Adams and Chainalysis’ global head of public policy Caroline Malcolm were part of a…

UK’s FCA Can’t Protect Crypto Investors From Losses, says Agency’s CEO

The country’s financial regulator, the FCA currently has powers to ensure crypto companies register and comply with anti-money laundering rules, but it doesn’t have the ability to protect consumers from any losses they might suffer. While the Financial Services and Markets Bill that’s currently under debate in parliament and is expected to become law in April will give the FCA more power to regulate crypto, consumer loss protection won’t be included. Source

Fed signals a sharp rate hike in March due to inflation — Here’s how Bitcoin traders can prepare

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Like it or not, for crypto investors, the U.S. Federal Reserve policy on interest rate hikes and high inflation is the single most relevant measure for gauging demand for risk assets. By increasing the cost of capital, the Fed boosts the profitability of fixed-income instruments, but this is detrimental to the stock market, real estate, commodities and cryptocurrencies. One positive aspect of the Fed’s meetings is that they are scheduled well in advance, so Bitcoin (BTC) traders can prepare for those. Federal Reserve policy decisions historically cause extreme intraday volatility…

Transform Ventures Co-Invests in Alpha Transform Holdings to Accelerate Blockchain Investment

Alpha Transform Holdings (ATH) is a newly formed holding company that has been formed as a result of a partnership between Transform Ventures and the parent company of Alpha Sigma Capital. The primary objective of this new holding company is to quicken the pace of investment and innovation within the blockchain ecosystem. The merger will result in the combination of certain assets held by both firms, leading to the formation of two new funds with a combined asset base of one hundred million dollars. According to Enzo Villani, CEO and…