Crypto 11/07/21 23:04 by Bernice Nyambura

Cryptocurrencies Receive First-Ever Red Flag In US Fed’s Monetary Report Following Surge In Prices

The recent astronomical surge in crypto asset prices is a direct result of increased risk-taking by investors, according to the US Federal Reserve. The Fed made the brief crypto-related remark as par...
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Altcoins 04/07/21 10:52 by Asad Gillani

Brian Armstrong Says China’s Digital Currency Is A Threat To U.S.

Brian Armstrong strongly argues that China’s Central Bank Digital Currency will pose a threat to the U.S. Armstrong see the CBDC as a move that will disrupt the United States reserve currency in...
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Bitcoin 17/06/21 17:32 by Brenda Ngari

Elon Musk Expresses Skepticism Over Kraken CEO’s Claim Of Bitcoin Being ‘Greener Than Critics Say’

Tesla/SpaceX CEO Elon Musk has long maintained that owning bitcoin is better than holding cash. But for him, the cryptocurrency’s success shouldn’t come at a great cost to the environment. Musk r...
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Other 11/06/21 06:19 by Taylor Scott

Kraken Reconsidering IPO

Does Coinbase’s mild direct listing performance have emerging crypto platforms thinking twice about going public? The latest comments from major cryptocurrency exchange Kraken might be suggestin...
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Crypto 13/05/21 21:06 by Collins K.O

Why Investing Magnate Stanley Druckenmiller Deems ‘Central Banks Are The Problem And Crypto… The Solution’

Serial billionaire investor, Stanley Druckenmiller has lambasted the US Federal Reserve’s decision to continue influencing its economy negatively by grounding its short-term interest rates despite ...
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Other 13/04/21 18:00 by Samuel Wan

Fed Chair Says Still “Working on” Digital Dollar as China Pulls Ahead

Fed Chair Jerome Powell said the U.S. central bank is currently running technical experiments on how a digital dollar would work. “There are many subtle and difficult policy choices and design c...
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Crypto 02/04/21 14:00 by Samuel Wan

Kraken Boss Expects Crypto Firms to Replace Banks Within The Decade

Jesse Powell, the Kraken CEO, said crypto companies pose a real threat to traditional finance. While some legacy businesses are making moves into the crypto space, Powell said those who stay sidelined...
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Bitcoin 31/03/21 15:34 by Brenda Ngari

One BTC Will Be Worth A Lamborghini By Year-End And A Bugatti In 2022, Kraken CEO Makes Interesting Prediction

Bitcoin has been on an incredible uptrend and bulls have come out in plenty to predict the future price of the world’s largest and oldest cryptocurrency. But surprise, surprise, Jesse Powell, CEO o...
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Bitcoin 23/03/21 16:20 by Brenda Ngari

Fed Chairman Powell Sees Bitcoin As A Substitute For Gold Rather Than The U.S. Dollar

Chairman of the Federal Reserve, Jerome Powell, on Monday reaffirmed his belief that the world’s oldest cryptocurrency is a gold substitute but it is too volatile and is “backed by nothing” for...
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Bitcoin 22/03/21 19:54 by Reynaldo Marquez

Why FED Chairman thinks Bitcoin is a substitute for gold

In the Bank of International Settlements Innovation Summit, the U.S. Federal Reserve Chairman Jerome Powell referred to cryptocurrencies and their position next to the dollar. For Powell, assets such ...
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Other 19/03/21 20:00 by Reynaldo Marquez

CBDCs to coexist with cash payments, according to FED Chairman Powell

The Committee on Payments and Market Infrastructures conference was held in Basel, Switzerland. One of the main guests was the Chairman of the U.S. Federal Reserve, Jerome Powell. Referring to a repor...
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Bitcoin 05/03/21 12:29 by Mr Oak

Kraken CEO Jesse Powell On Why Bitcoin Price Could Reach $1 Million

Bitcoin has sparkled so far this year. The price of the digital coin is currently experiencing a price pull back at the $50K level and that speaks volumes about its performance. Many opinions are fly...
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Bitcoin 04/03/21 12:23 by Yashu Gola

Bitcoin on Back Foot as Focus Turns to Powell Speech; What to Expect?

Bitcoin dropped during Asia-Pacific and European trade Thursday as rising bond yields prompted concerns that central banks may begin tightening monetary policies sooner-than-expected. The benchmark cr...
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Bitcoin 11/02/21 12:16 by Yashu Gola

2 Crucial Bitcoin Takeaways from Powell’s Economic Club Speech

Bitcoin plunged by more than $3,000 after establishing a record high on Tuesday, stoking concerns about an extended price decline on growing profit-taking sentiment. Nevertheless, the flagship cryptoc...
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Bitcoin 27/01/21 12:00 by Yashu Gola

3 Things Bitcoin Traders Should Watch in FOMC’s First Meeting of 2021

Bitcoin extended its pullback from its weekly high of $32,960 on Wednesday as the market’s focus shifted on the Federal Open Market Committee’s first meeting of 2021. The flagship cryptocu...
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Bitcoin 01/12/20 13:43 by Yashu Gola

Bitcoin Points to Fresh Record Highs after Powell Testimony; Here’s Why

Bitcoin dropped on Tuesday, with its bull run foreshadowed briefly by short-term profit seekers. The benchmark cryptocurrency plunged almost 1.5 percent to $19,385 ahead of the New York opening bell, ...
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Bitcoin 20/10/20 15:00 by Yashu Gola

Bitcoin Briefly Breaks $11.9K on Renewed US Stocks Correlation; $12K Next?

Bitcoin held onto its weekly gains as traders waited for US Congress to agree on the second coronavirus package on Tuesday. The benchmark cryptocurrency added $67, or 0.5 percent, to trade near $11,82...
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Other 19/10/20 19:51 by Nick James

Fed Still Mulling Over The Possibility Of A Digital Currency – Chairman Jerome Powell

The US Federal Reserve is still interested in creating a Central Bank Digital Currency (CBDC) but is yet to make a final decision on when and how the project will be undertaken. That’s according to...
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Bitcoin 19/10/20 15:00 by Yashu Gola

3 Reasons Why Bitcoin Rebounded, Dollar Slumped Ahead of Powell’s Speech

It is Monday. Bitcoin is holding above crucial technical support at $11,400. Meanwhile, its safe-haven rival, the US dollar, is experiencing a sharp decline. The inverse correlation between the two st...
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Bitcoin 17/10/20 09:51 by Nick Chong

Uber, Twitter Angel Investor Explains Why Bitcoin Is So Important

Bitcoin has undergone strong volatility this year as the pandemic has rocked markets. While this volatility has turned many off to this space, some say that the ongoing macroeconomic and geopolitical ...
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Bitcoin 06/10/20 14:58 by Yashu Gola

Bitcoin Turns Lower Ahead of Powell’s Economic Outlook; What to Expect

Bitcoin slipped into negative territory ahead of the Federal Reserve Chairman Jerome Powell’s scheduled speech about the US economy. The benchmark cryptocurrency waved between profits and losses...
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Bitcoin 05/09/20 06:40 by Nick Chong

This Simple Chart Shows Why Bitcoin Remains Bullish on a Macro Scale

Bitcoin has sustained a strong drop over the past few days as legacy markets have undergone a strong correction after a record rally. The leading cryptocurrency traded around $9,800 on Friday morning ...
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Altcoins 29/08/20 16:25 by Brenda Ngari

Fed’s Inflation Policy Shift Will Greatly Benefit Crypto, Says Ripple CEO Brad Garlinghouse

Two days ago, Federal Reserve Chairman Jerome Powell announced a landmark policy shift to its inflation goal. This implies that the central bank is comfortable allowing inflation to go past its 2% ta...
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Bitcoin 28/08/20 18:18 by Vincent Mislos

Bitcoin Rebounds to $11.5K Following Fed’s Historic Changes to Monetary Policy Strategy

The market — crypto or otherwise — closely watched and waited as the Federal Reserve chairman Jerome Powell finally delivered his speech about inflation and the measures the department wo...
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Bitcoin 28/08/20 04:00 by Cole Petersen

Bitcoin Investors “Fade the Fed” as BTC Pumps and Dumps Following Powell Speech

Bitcoin saw some immense turbulence earlier today that came about due to news regarding the Federal Reserve’s intention to anchor interest rates near zero while they allow inflation to run high in t...
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Bitcoin 27/08/20 16:58 by Tony Spilotro

Bitcoin’s Powell Pump Could Be Crypto Market Shakeout Claims Pseudonymous Trader

This morning, just as the Fed’s Jerome Powell began his speech, Bitcoin started pumping in a fast-moving short squeeze, driven by inflation narrative. However, the move just as quickly reversed,...
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Bitcoin 27/08/20 15:23 by Yashu Gola

Bitcoin Plunges Ahead of Powell’s Speech; Analyst Expects Further Dips

Bitcoin plunged lower as traders waited for Federal Reserve Chairman Jerome Powell to deliver his keynote address at the annual Jackson Hole meeting starting later today. The benchmark cryptocurrency ...
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Bitcoin 26/08/20 13:00 by Yashu Gola

Two Possible Outcomes for Bitcoin After Powell’s Jackson Hole Speech

Bitcoin logged a modest recovery on Wednesday as traders grappled with the outcome of Jerome Powell’s keynote address at the virtual Jackson Hole Symposium tomorrow. The Federal Reserve chairma...
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Bitcoin 11/06/20 08:22 by John Kiguru

Bitcoin Briefly Tops $10K After FED Announcement — Why Does This Keep Happening?

The crypto market has taken positively to the FED’s announcement. Just hours after the chairman Jerome Powell, indicated that the interest rate would remain low, Bitcoin began climbing. In the ...
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Bitcoin 29/05/20 14:10 by Brenda Ngari

Bitcoin Will Peak Over $100,000 In Just Two Years, Kraken’s Jesse Powell Predicts

Jesse Powell, a highly regarded market guru and the CEO of Kraken cryptocurrency exchange said the price of bitcoin could surpass $100,000 as early as 2022. This would be an appreciation of over 1000...
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