Federal Reserve


Policy

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.

CoinDesk placeholder image

Finance

First Mover Americas: Risk Assets Resilient to Faster Fed Rate Hikes, 1994 Cycle Suggests

The latest moves in crypto markets in context for March 25, 2022.

Federal Reserve Bank of Kansas City Denver Branch (Robert Alexander/Getty images)

Videos

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 the space. Plus, a conversation about Fed Chair Jerome Powell and Bank of England Governor Andrew Bailey addressing the need for international coordination of cryptocurrency policy. 

Recent Videos

Videos

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 Terra Luna’s purchase of $125 million worth of bitcoin. Plus, a conversation about investor interest in various altcoins like Solana, AVAX, and ether, and traditional finance’s ongoing effort to enter the DeFi space.

Recent Videos

Videos

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 Federal Reserve's aggressive tightening plans may tip the U.S. economy into recession rise. Christine Lee breaks down the Chart of the Day.

Recent Videos

Policy

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)

Markets

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)

Markets

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)

Markets

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)

Videos

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 traditional markets.

CoinDesk placeholder image