Easy-Money Policy Continues: Fed Plans to Keep Purchasing Assets, Interest Ra...
Members of the U.S. Federal Reserve discussed the possibility of economic measures and actions at the Federal Open Market Committee’s (FOMC) meeting on Wednesday. The Fed said that right now the central bank is not considering cutting back large asset purchases just yet, and the central bank also plans to keep interest rates at near-zero. Speaking about the dollar’s dwindling purchasing power, Federal Reserve chairman Jerome Powell said that “inflation could turn out to be higher and more persistent than we originally expected.” The Federal Reserve Will Continue....
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Bitcoin’s consistent issuance schedule makes it a consistent asset in times of inconsistent monetary policy. It will outlast any of the Federal Reserve’s plans.
Bitcoin price action receives a welcome boost to $49,000 shortly after the Fed confirms rate hikes and a reduction of its bond purchasing policy in 2022. Bitcoin (BTC) climbed by over $2,000 on Dec. 15 as markets quickly reacted to news that the United States Federal Reserve would raise interest rates and curtail its bond-buying program starting in 2022.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView"Kind of what we were thinking"Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $49,310 on Bitstamp, its highest since Dec. 12, when the price briefly....
The government of Vietnam has signalled it is time to consolidate cryptocurrency regulations as its current provisions “fall short.” Current E-Money Provisions ‘Fall Short’ in Vietnam. In a report this month, the government as associated ministries commented proper management and research were required to manage the identity of Bitcoin and other currencies within Vietnam. “Vietnam law has provisions on electronic money but these full short; there is still no uniform policy, and this has led to confusion between electronic money and virtual currency. Research is thus needed to clarify....
Welcome back to another Bitcoin News in Review, where we feature some of the biggest stories of the week here on CryptoCoins News. This week, we looked at two high schoolers working on a $150 Bitcoin ATM, saw the most expensive Bitcoin painting ever sold, discussed the Etherium project's Ether presale, and more. We've also got a video this week put together by our own Calvin Tran. So check that out and keep scrolling for more on this Bitcoin News in Review. The $150 Bitcoin ATM. Lakota Lustig and Sagar Kumar may look like ordinary high school students, but they believe they can disrupt the....
Quantitative Easing (QE) has so far not produced the runaway inflation some predicted. But before you start feeling comfortable about fiat currency again, central planners have another trick in store, i.e. “helicopter money,” a term that’s back in vogue thanks to a country that has tried almost everything to stimulate its economy: Japan. A more extreme....