Federal Reserve

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Kraken Hits Key Milestone in Quest to Gain Fed Account, Equal Treatment With Traditional Banks
Kraken Bank, the Wyoming subsidiary of the Kraken crypto exchange, received a routing number from the American Bankers Association.
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OFAC and FinCEN Lacking Resources for Crypto Regulation
OFAC and FinCEN Lacking Resources for Crypto Regulation
CoinDesk Managing Editor for Global Policy and Regulation Nikhilesh De discusses how OFAC and FinCEN budget concerns impact regulators’ ability to have cohesive oversight of t...
OFAC and FinCEN Lacking Resources for Crypto Regulation

Bitcoin Breaks $43K Despite Powell's Call for New Regulations on Crypto
Bitcoin Breaks $43K Despite Powell’s Call for New Regulations on Crypto
Marc Lopresti, The Strategic Funds’ managing director, discusses the recent upswing in the crypto markets amid Fed Chair Jerome Powell’s statements on a digital dollar and Ter...
Bitcoin Breaks $43K Despite Powell's Call for New Regulations on Crypto

BTC Correlation to the S&P 500 Hitting 17-Month High
BTC Correlation to the S&P 500 Hitting 17-Month High
The debate over bitcoin’s value as a digital gold safe haven asset or a risky investment is heating up. As BTC’s sensitivity to stock markets increases, concerns that the Fede...
BTC Correlation to the S&P 500 Hitting 17-Month High

Fed Chair Jerome Powell (Samuel Corum/Getty Images)
UK, US Regulators Call for ‘High Levels’ of Global Collaboration in Overseeing DeFi
The Fed is sharing its analysis on central bank digital currencies (CBDC) with six other central banks at the BIS, said Chair Jerome Powell.
Fed Chair Jerome Powell (Samuel Corum/Getty Images)

Bitcoin's fortune appears closely tied to stocks. (Pixabay, modified by CoinDesk)
Bitcoin's Correlation to S&P 500 Hits 17-Month High
The 90-day correlation between the top cryptocurrency and the S&P 500 has risen to its highest level since October 2020.
Bitcoin's fortune appears closely tied to stocks. (Pixabay, modified by CoinDesk)

Jerome Powell, chairman of the U.S. Federal Reserve, speaks during the National Association of Business Economics (NABE) economic policy conference in Washington, D.C, U.S., on Monday, March 21, 2022. The theme of this year's annual meeting is "Policy Options for Sustainable and Inclusive Growth." (Valerie Plesch/Bloomberg via Getty Images)
Fed Chair Powell’s Hawkish Stance on Inflation Could Hurt Crypto
Interest rate hikes could drive down crypto, especially because of its strong correlation with traditional financial markets, analysts say.
Jerome Powell, chairman of the U.S. Federal Reserve, speaks during the National Association of Business Economics (NABE) economic policy conference in Washington, D.C, U.S., on Monday, March 21, 2022. The theme of this year's annual meeting is "Policy Options for Sustainable and Inclusive Growth." (Valerie Plesch/Bloomberg via Getty Images)

Bitcoin tops $43K even as Powell opens the doors for a 50 basis point rate hike. (CoinDesk, Highcharts.com)
3 Reasons Bitcoin Is Staying Resilient to Powell's Hawkish Remarks
The inversion of the yield curve signals the Fed may compromise in the future, so it's a good sign in part, one trader said.
Bitcoin tops $43K even as Powell opens the doors for a 50 basis point rate hike. (CoinDesk, Highcharts.com)

CME Open Interest Suggests Downtrend Is Over
CME Open Interest Suggests Downtrend Is Over
Federal Reserve Chariman Jerome Powell says the Fed will consider more aggressive rate hikes to tame inflation. The statement sent bitcoin trading in the red Monday along with...
CME Open Interest Suggests Downtrend Is Over