Tags : reserve

Regulation

Reserve Bank of India slams banks after they stop services

The Reserve Bank of India, the country’s central bank, released a new directive today after local banks ceased crypto services for users citing a directive from 2018, an official filing shows. “It has come to our attention through media reports that certain banks/ regulated entities have cautioned their customers against dealing in virtual currencies by […]Read More

Market

Federal Reserve Soup Now Includes Bitcoin, DeFi, Silver, GameStop

Bitcoin (BTC) was higher for a second day, pushing toward the upper end of the range between roughly $30,000 and $36,000 where it has traded for the past couple weeks. Ether (ETH), the second-biggest cryptocurrency, rose toward a new record, potentially fueled by fresh interest in the blockchain’s decentralized trading systems amid widespread dismay over […]Read More

Market

Federal Reserve Holds Rates, Asset Purchases Steady as Economic Activity

The Federal Reserve said Wednesday it would keep U.S. interest rates close to zero and continue its $120 billion-a-month bond-buying program.  “The pace of the recovery in economic activity and employment has moderated in recent months,” the committee said in a statement released after the meeting of the Federal Open Market Committee (FOMC). “The path […]Read More

Market

Bitcoin Drops Below $30K, Dollar Bounces Ahead of Fed Reserve

Bitcoin and global equities are trading lower, while the anti-risk U.S. dollar is climbing ahead of a U.S. Federal Reserve meeting later today that may inject volatility into financial markets. The number-one cryptocurrency by market value is trading near $29,500 [updated] at press time, representing a near 10% drop on the day, according to CoinDesk […]Read More

Bitcoin

Former Canadian PM says Bitcoin can be one of the

Stephen Harper sees Bitcoin alongside gold and the US dollar as a viable global reserve asset. Bitcoin to the moon Bitcoin proponents must be so excited after a blockbuster year. The asset saw widespread adoption by investment funds, traditional finance participants, family offices, and tech funds, and set new all-time highs in December, a figure […]Read More