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Tag Archives: Fed

Fed Chairman: “Cryptos Don’t Have Intrinsic Value,” Denies The ‘Crypto Threat’

On Wednesday morning, the U.S. Congress held a hearing regarding cryptocurrencies, hearing mixed opinions from regulators and representatives of the U.S. government. Federal Reserve Chairman: Cryptos Aren’t A Store of Value Or A Payment Tool Jerome Powell, the chairman of the U.S. Federal Reserve (Fed), presented his thoughts about the current state of the crypto market while speaking to the House ...

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Bitcoin Not a Real Currency, Risky for ‘Unsophisticated Investors’: Fed Chair Powell

The head of the U.S. Federal Reserve warned Congress that bitcoin and other cryptocurrencies are dangerous to “unsophisticated investors” and should not be considered real currencies. Fed Chair Powell Criticizes Cryptocurrencies Jerome Powell, who became Fed chair in February, succeeding fellow cryptocurrency critic Janet Yellen, said on Capitol Hill that “relatively unsophisticated investors see the asset go up in price, ...

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Fed Chairman on Crypto | Crypto Presents Investor Risk

Yesterday, bulls charged the crypto market, which caused Bitcoin to add $9B to its market capitalization in less than thirty minutes. But the Fed chairman on crypto is swinging the opposite way. Today, we’ve seen a few bears emerge from the forest. Specifically, the head of the Federal Reserve spoke on cryptocurrencies today, providing comments that indicate he is bearish ...

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Former FDIC Chair Urges Fed to Consider Issuing Central Bank Digital Currency

Get exclusive fiat and cryptocurrency analysis on Hacked.com for just $39 per month. Click here now! Sheila Bair, a former chair of the Federal Deposit and Insurance Corporation in the U.S., thinks the U.S. Federal Reserve Bank should seriously consider issuing a digital currency to reduce the risk of a financial crisis and improve monetary policy. Writing in Yahoo Finance, ...

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Chelan County Utilities Are Fed up with Bitcoin Mining Operators – The Merkle

The electricity consumption of Bitcoin mining operations has always been a thorn in the side of many people. Various studies on this topic have been published over the years. In Chelan County, Washington, a major development is taking place. Rural electric utilities are taking an aggressive stance against various Bitcoin mining firms over their “disruption” of the local power grid. Chelan County ...

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Fed Could Use Crypto to Force Negative Interest Rates on Public: Morgan Stanley

Join our community of 10 000 traders on Hacked.com for just $39 per month. Central banks will one day use government-backed cryptocurrencies to rapidly address the risks of future financial crises, researchers at Morgan Stanley predicted in a new report. The report, which examines how central banks could use state-sponsored cryptocurrencies to more effectively govern their monetary supplies, theorizes that ...

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