Search Results for: Federal Reserve Board

Former Fed Chair Alan Greenspan: Crypto Is Too Dependent on ‘Greater Fool Theory’ to Be a Desirable Investment

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Former Federal Reserve Chairman Alan Greenspan says crypto is “too dependent on the ‘greater fool theory’ to be a desirable investment.” Sin embargo, he noted that the collapse of crypto exchange FTX was “purely fraud,” rather than the result of a feature…

Professor Steve Hanke Says US Economy Was Flat Over the Last Year, but Stresses ‘It’s Going to Hit South’

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Amid the chaotic economy, plagued with central bank tinkering, supply chain issues, and red-hot inflation, the professor of applied economics at Johns Hopkins University, Steve Hanke believes a “pretty big recession” will take place in 2023. Speaking in an interview on…

Fed’s Inflation Nowcasting Data Shows Future CPI Increases, US Gross National Debt Hits $31 billones

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A recently published forecast stemming from the Federal Reserve Bank of Cleveland’s Inflation Nowcasting data indicates upcoming U.S. índice de precios al consumidor (IPC) metrics will likely be elevated. The newly predicted CPI levels were recorded the same day America’s gross national debt…

La FDIC emite órdenes de cese y desistimiento relacionadas con criptomonedas para 5 Empresas que incluyen FTX US Exchange

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The Federal Deposit Insurance Corporation (FDIC) has sent a cease and desist letter to five companies, including crypto exchange FTX US. CEO Sam Bankman-Fried explained that FTX does not have FDIC insurance, declarando: “We never meant otherwise, and apologize if anyone…

El multimillonario Mark Cuban fue demandado por supuestamente promover un 'esquema Ponzi' criptográfico masivo

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Shark Tank star and the owner of the NBA team Dallas Mavericks, marca cubana, is facing a class action lawsuit for promoting Voyager Digital’s crypto products. The plaintiffs claim that Voyager was “a massive Ponzi scheme” and Cuban “duped millions of…

Fed Board, FDIC Order Voyager Digital to Retract Federal Deposit Insurance Claims

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Following Voyager Digital’s application for bankruptcy protection during the first week of July, Corporación Federal de Seguros de Depósito (FDIC) and the Federal Reserve Board today issued a joint letter to the company demanding a cease and desist against Voyager’s FDIC claims. los…

La Cámara de Comercio de Rusia sugiere el uso de criptomonedas en acuerdos con África

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El empleo de criptomonedas en pagos transfronterizos es una de las propuestas presentadas por la Cámara de Comercio de Rusia que aboga por una mayor cooperación con los países africanos.. En medio de sanciones sin precedentes que limitan a Rusia’s capacidad para comerciar internacionalmente, the head of the board has urged…

IMF Warns Ongoing War in Europe Will Have a ‘Severe Impact on the Global Economy’

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In a report published on Saturday, el Fondo Monetario Internacional (FMI) has warned that an ongoing war in Europe and associated sanctions will have a “severe impact on the global economy.” The IMF’s report says there is “extraordinary uncertainty” in the…

El jefe bancario del Senado de los EE. UU. Critica los anuncios criptográficos del Super Bowl, Las afirmaciones de que las "grandes empresas criptográficas están desesperadas"

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The United States senator from Ohio and Senate Banking Committee chief Sherrod Brown is not a fan of cryptocurrencies. This week during Tuesday’s stablecoin hearing, Brown criticized all the cryptocurrency companies who advertised during the Super Bowl this past weekend and…

Fed’s Minutes Report ‘Bludgeons’ Global Markets — Stocks, Cripto, Precious Metals Slip in Value

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Minutes from the U.S. Reserva Federal’s policy meeting on December 14-15 show that the central bank is being persistent about unwinding quantitive easing (QE) tactics and that it views ultra-low interest rates as no longer necessary. Global markets immediately dropped after…