Crypto Biz: Is the US Fed prepping the money printer?

The US Federal Reserve under Jerome Powell has developed a reputation for dragging its feet on implementing important policy changes. However, a top central banker has assured that the Fed is “absolutely” ready to do whatever it takes to avoid a financial crisis, whether triggered by the US-led trade war or other adverse developments. Although … Read more

Bitcoin Core Developer Antoine Poinsot: The Great Consensus Cleanup

While attending the MIT Bitcoin Expo earlier this month I was able to sit down with Bitcoin Core developer Antoine Poinsot. Currently at Chaincode Labs, Antoine was previously at Wizardsardine, a bitcoin security company behind Revault, a pre-signed transaction based vault, and Liana, a miniscript based Bitcoin wallet. Antoine’s first commit was merged to Bitcoin … Read more

Elizabeth Warren: ‘If Chairman Powell Can Be Fired, It Will Crash the Markets’

Democratic Senator Elizabeth Warren of Massachusetts is once again alarmed by the Federal Reserve’s trajectory, and warned on CNBC that U.S. markets would “crash” if President Donald Trump were allowed to remove Chair Jerome Powell. Warren Warns U.S. Could Become ‘Two‑bit Dictatorship’ In an interview with CNBC, Sen. Warren expressed serious concerns over President Trump’s … Read more

Kraken adds forex perpetual futures contracts to its Pro platform

Cryptocurrency exchange Kraken introduced foreign exchange (forex) perpetual futures contracts to its Kraken Pro platform on April 18, giving traders further exposure to global currency markets. The first two perpetual forex futures available on the platform will be the euro-US dollar (EUR-USD) and the British pound-US dollar (GBP-USD) contracts, according to a company announcement. Both … Read more

Implications for the Market and Bitcoin

In a recent briefing on April 18, Christopher Waller, the director of the National Economic Council, addressed the media about the potential decisions impacting monetary policy. He revealed that former President Donald Trump is contemplating the possibility of “dismissing Fed Chair Jerome Powell.” This statement raises significant questions about the future of the Federal Reserve … Read more