Tag: Federal Reserve
Tyler Winklevoss Criticizes Federal Reserve’s Crackdown on Customers Bank
Tyler Winklevoss, co-founder of the crypto exchange Gemini, recently criticized the Federal Reserve's crackdown on Customers Bank, a crypto-friendly bank. He believes that this...
Coinbase Earnings Threatened by Low Volume and Federal Headwinds, Analysts Warn
Coinbase's second-quarter earnings were considered solid by Wall Street analysts, despite a potential slowdown in the third quarter. The exchange reported total revenue of...
Silvergate Bank Successfully Resolves Federal Reserve Enforcement Action
Silvergate Bank has successfully resolved a Federal Reserve enforcement action after undergoing liquidation to protect its depositors. The action, which began in May 2023,...
Proposal for Federal Reserve to Adopt Bitcoin as Reserve Asset at Nashville Conference
Wyoming Senator Cynthia Lummis, known for her support of cryptocurrencies, is planning to propose a bold idea at the upcoming Nashville conference. She wants...
Bitcoin as Reserve Currency to Strengthen the Dollar
Senator Cynthia Lummis from Wyoming recently stated that incorporating Bitcoin into the US financial system could potentially strengthen the US dollar and help it...
Federal Reserve Boosts Balance Sheet Amid Rate Cut Speculation
The Federal Reserve's balance sheet has seen an increase of $2.6 billion, bringing it to $7.2 trillion. This rise comes amidst speculation about a...
Silvergate Settles SEC Lawsuit for $50M; Faces $63M Fine from Fed and California Regulator
Silvergate Capital recently settled a lawsuit with the SEC for $50 million, while facing additional fines of $63 million from the Federal Reserve and...
Cryptocurrency Market Update: First Mover Americas Reacts to Fed’s Hawkish Stance
The cryptocurrency market experienced a downturn following the Federal Reserve's decision to reduce interest-rate cut expectations. Bitcoin and ether both saw a 1% decrease...
Stick With Bitcoin: 10x Research Recommends Amid Fed’s 2024 Rate Cut Prediction
Bitcoin, the leading cryptocurrency, has been under pressure recently due to the Federal Reserve's prediction of interest rate hikes. Despite this, 10x Research continues...
White House Nominates CFTC Commissioners for FDIC, Treasury Roles
The White House is expected to nominate U.S. Commodity Futures Trading Commission Commissioner Christy Goldsmith Romero as the next Federal Deposit Insurance Corporation (FDIC)...