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Tag: federal reserve

Markets Rally after FOMC Meeting – ETH Holding above $4,000

Crypto markets jumped immediately following news from the Federal Reserve that it would be reducing its bond purchases by $30 billion a month, up from $15 billion. The Fed also confirmed that interest rates would remain between 0 and 0.25% in an effort to promote maximum employment and to keep inflation at the rate of […]

The post Markets Rally after FOMC Meeting – ETH Holding above $4,000 appeared first on Coin Bureau.

Regulators Should Embrace Stablecoin Technology

Randal K. Quarles, Governor at the U.S. Federal Reserve, says that regulators should promote, not stifle innovation in the digital asset space. In a speech delivered at the American Enterprise Institute in Washington, D.C., Quarles frankly stated that the Fed and other bodies need to “welcome responsible innovation,” and create a regulatory environment that “not […]

The post Regulators Should Embrace Stablecoin Technology appeared first on Coin Bureau.

5 Chapters in the Life of Facebook’s Cryptocurrency

It’s hard to read about David Marcus’ departure from Meta’s cryptocurrency project Diem (formerly Libra) and digital wallet Novi, and not wonder...

Federal Reserve Could Kill Crypto Rallies In 2022

Galaxy Digital’s Mike Novogratz thinks that Federal Reserve Chair Jerome Powell could be a threat to crypto’s bull run moving into next year. Speaking to CNBC, the billionaire investors said that “the macro story has changed a little bit,” adding that Powell being reappointed by President Biden could allow him “to act more like a […]

The post Federal Reserve Could Kill Crypto Rallies In 2022 appeared first on Coin Bureau.

Bitcoin price ready for $100k

Analysts point out that Bitcoin is on the way to reaching the US$ 100,000 mark and with that the entire cryptocurrency market should seize the moment and register a new high. Since the start of the Covid-19 pandemic, low interest rates and an increase in the adoption of cryptocurrencies have continued to support demand for […]

The post Bitcoin price ready for $100k appeared first on Update on Bitcoin.

Crypto oversight road map is set by U.S. banking regulators

U.S. banking agencies have issued a to-do list of their plans to tackle oversight of the cryptocurrency industry next year. In an agenda released...

Ceci N’est Pas une Cryptocurrency

2021 may go down as the year for meme trading: from the Wall Street Bets saga in January to runs on cryptocurrencies like DogeCoin and SHIB, it's safe to say that this holiday season, there are sure to be some interesting conversations happening around the dinner table. Rounding off the end of this year and hoping to capitalize on the ongoing conversations about American inflation, jobs, and monetary policy is a new project recently launched on Binance Smart Chain (BSC) and trading exclusively on PancakeSwap that calls itself The FED Money Printer.



The idea for the coin itself was spun out of a simple joke: the idea that the Federal Reserve Banking system prints money, but what if people were able to print money themselves? The mechanics are that of a simple reflection token: whenever an investor buys or sells, they pay a 15% tax, wherein 4% goes to liquidity to maintain stability and growth, 4% goes to a Treasury fund, and the remaining 7% is dispersed among stakeholders in the form of BUSD-a BSC currency pegged to the value of the USD. Simply put, the more people hold during periods of volatility, the more money they get back.


Art... that makes money

“The whole thing is almost like an art project,” explained the developer, Sobel. “We just wanted to capitalize on the larger conversations happening around America's economic recovery efforts and see if we could inject ourselves in the middle of it through light-hearted political satire about monetary policy. We're blown away by how overwhelmingly positive the response has been from people.”


However, not everybody seems to share their enthusiasm. “Yeah, our launch did rub some people the wrong way, some more conspiracy-minded people seemed to have had our humor go over their heads-- our Telegram channel even got raided by a group from 4chan at one point.”


Despite these setbacks, Sobel saw an opportunity to incorporate the crisis into the brand: “I took a page from [John Maynerd] Keynes, and decided to win over some of our opposition by offering a stimulus package of free shares to anybody who wanted them. It didn't take long to bring many of them onboard.”


A Brighter Future

“At the end of the day it's just fun,” stated Sobel plainly. “I want everybody to be able to go into the holidays being able to say they paid for their presents with the ‘money printer.' It's just plain wholesome.”


What follows from there, the developer was a bit more oblique: “well I have seen in the news that the Federal Reserve likes talking about minting a trillion dollar coin some day. We don't do NFT's right now, but that could be something worth looking into.”


To connect with the team behind the FED Money Printer project, check out their website or join their Telegram channel.

Payments Products Posts

We receive a lot of announcements concerning FinTech products, which we generally do not post, even though many of them are interesting. This week, we are listing some of the best news items in the payments sector. Let us know what you think of this format and if you would like to see more. Chinese Digital RMB Tax Payments Begin in Beijing The Beijing Daily reports that the digital payment system under development by the People’s Bank of China began handling tax payments. It’s the latest use case for the system. John Browning, founding partner of Hong Kong commodity and

The post Payments Products Posts first appeared on FinTech Rising.

Crypto Investor News for 11/3/21

Crypto Equities: One of the Most Overlooked Sectors (The Pomp Letter): We call them "blockstocks," but the idea is the same.

The post Crypto Investor News for 11/3/21 appeared first on Bitcoin Market Journal.

3 Reasons the U.S. Will Come in Last in the Race to a CBDC

The concept of Central Bank Digital Currencies (CBDCs) is already familiar to most in the banking and fintech industry. However, the idea...

Stablecoin risk spurs U.S. agencies to seek power to crack down

Federal agencies took their first step toward regulating stablecoins, raising concerns that the tokens could threaten the U.S. economy while making a big...

Bringing The Power Of Cryptocurrency And Tokenization To Loans With Aaron Tilton, CEO Of SmartFi – The New Trust Economy

While blockchains and cryptocurrency already have a multitude of use cases, here is another one that you may not have thought of: business loans....

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