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Bitcoin, which had slipped as low as $65,000 overnight, rallied throughout much of the U.S. day, at one point topping $69,000. At press time, the crypto was trading at $68,750, up 4.5% over the past 24 hours. The broader CoinDesk 20 Index was ahead 3.25% over the same period, with ether (ETH) a notable laggard, […]
Most of bitcoin’s rally in 2024 roughly came from mid-February to mid-March. It was during this time that the spot ETFs were regularly adding 5,000-13,000 bitcoin each day, even with sizable selling by Grayscale’s GBTC. The action since, however, has seen big sales of bitcoin continuing at GBTC, while purchases into the other ETFs have […]
“Thus, unless Federal Reserve Banks possess discretion to deny or reject a master account application, state chartering laws would be the only layer of insulation for the U.S. financial system,” the judge wrote. “And in that scenario, one can readily foresee a ‘race to the bottom’ among states and politicians to attract business by reducing […]
Bitcoin (BTC) was trading around $64,000 before the meeting from its overnight low of $60,700, then spiked to $64,700 in the immediate aftermath of the decision. The CoinDesk Bitcoin Index (XBX) was up 0.5% over the past 24 hours, while the broad-market CoinDesk 20 Index (CD20) declined over 2% during the same period. Source link
“If that were a government account, that the government would see all your transactions, that’s just something we would not stand for or do or propose here in the United States,” Powell said. He contrasted the U.S. thinking with China, where the government can track user activity in its digital currency. Source link
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Waller, who was appointed to the board in 2020 by then-President Donald Trump, did acknowledge that a future in which people shifted from using dollars to using digital currencies could still be a monetary-policy danger. But he argued Thursday that the repeated rhetoric about the decline of the dollar as the global reserve currency is […]
The price of bitcoin (BTC) was little-changed in the minutes following today’s Fed announcement, continuing at about $43,500. Bitcoin has been volatile of late, but is roughly flat over the past several weeks. That time frame has been dominated by the run-up to the spot ETF approvals and then the initial weeks of trading for […]