federal reserve

Ben Bernanke Says He Doesn't See Value in Bitcoin

The former Fed chairman says the crypto is too complicated to use as money.

The former Fed chairman says the crypto is too complicated to use as money.


Crypto News Roundup for May 11, 2022

With bitcoin trading lower while Terra's two main tokens plummet, plus a deeper dive into market volatility, CoinDesk’s Markets Daily is back with the latest news roundup.

With bitcoin trading lower while Terra's two main tokens plummet, plus a deeper dive into market volatility, CoinDesk’s Markets Daily is back with the latest news roundup.


Past-Peak Inflation Might Be Misleading as Price Pressures Continue to Mount

As inflation peaks, bitcoin traders should be wary of reading too much into data.

As inflation peaks, bitcoin traders should be wary of reading too much into data.


New Fed Report Repeats Warning About Stablecoin Run Risks as UST Loses Peg

The Federal Reserve's biannual report came out on the same day Terra's dollar-pegged UST stablecoin fell below $0.85.

The Federal Reserve's biannual report came out on the same day Terra's dollar-pegged UST stablecoin fell below $0.85.


The Fed Raised Rates and Markets Freaked Out

After Jerome Powell’s press conference, all markets reacted aggressively and then swiftly retraced their moves as market sentiment shifted overnight.

After Jerome Powell’s press conference, all markets reacted aggressively and then swiftly retraced their moves as market sentiment shifted overnight.


First Mover Asia: Thailand Has Already Proven Why Taking Crypto for Luxury Items Isn't Working

Gucci will begin accepting crypto payments at five stores as part of a wider commitment, but the success of its initiatives is uncertain; bitcoin plummets in Thursday trading.

Gucci will begin accepting crypto payments at five stores as part of a wider commitment, but the success of its initiatives is uncertain; bitcoin plummets in Thursday trading.


Bitcoin Plunges Most in 2 Months Amid Stock Market Sell-off

Bitcoin dropped more than 7% on Thursday. The decline was in line with a broad fall in the prices of stocks and bonds.

Bitcoin dropped more than 7% on Thursday. The decline was in line with a broad fall in the prices of stocks and bonds.


Cardano, Avalanche Lead Fed-Driven Crypto Rally, Traders Still Wary of Long-Term Recovery

Crypto markets added nearly 5% to their overall capitalization in the past 24 hours after broader markets jumped following Fed's interest rate hike.

Crypto markets added nearly 5% to their overall capitalization in the past 24 hours after broader markets jumped following Fed's interest rate hike.


First Mover Asia: Events in China, India Have Also Weighed on Crypto Prices

Investors may have been focusing on U.S. interest rate hikes and the economic fallout of Russia’s Ukraine invasion, but bitcoin has been subject to other headwinds; cryptos soar post-rate hike.

Investors may have been focusing on U.S. interest rate hikes and the economic fallout of Russia’s Ukraine invasion, but bitcoin has been subject to other headwinds; cryptos soar post-rate hike.


Market Wrap: Bitcoin and Stocks Rise After Fed Raises Rates; Growth Concerns Ease

BTC rose by 5% over the past 24 hours as bearish sentiment waned.

BTC rose by 5% over the past 24 hours as bearish sentiment waned.