Federal Reserve Admits Blindsided Oversight of SVB Collapse
The recent collapse of Silicon Valley Bank (SVB) has prompted an internal investigation by the Federal Reserve to look into the failure of the bank and the Fed’s regulation of…
Ted Cruz Introduces Bill to Block Fed CBDC
In a bid to prevent the Federal Reserve from launching a "direct-to-consumer" CBDC, Republican Senator Ted Cruz has introduced a bill aimed at blocking the move. Cruz is concerned that…
Federal Regulators Testify on Bank Failures
Representatives from the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve will provide testimony about the failure of two major banks, Silicon Valley Bank and Signature Bank, at an…
US Federal Reserve to Create Cryptocurrency Team Amid Concerns Over Unregulated Stablecoins
The US Federal Reserve is taking steps to address the fast-evolving cryptocurrency industry. The central bank has announced that it is creating a specialized team of experts to monitor developments…
The Fed Rejects Custodia Bank’s Membership Application
Custodia Bank, a bank that deals in cryptocurrencies, asked the United States Federal Reserve to reconsider its membership application to the Federal Reserve System. However, the United States Federal Reserve…
US Representative Tom Emmer Introduces Legislation to Limit Fed
Tom Emmer, a representative for Minnesota in the United States House of Representatives, has proposed a piece of legislation that, if passed, would prevent the Federal Reserve from launching a…
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Billionaire investor Ray Dalio has described fiat currency as being in serious jeopardy
Ray Dalio, a billionaire investor, has said that fiat money is under "jeopardy" as an effective store of wealth, but he does not think that Bitcoin (BTC) and stablecoins will…
Custodia Bank’s Application to Join Federal Reserve Rejected
The application that Custodia Bank submitted to join the Federal Reserve System was denied by the Board of Governors of the Federal Reserve System in the United States. The Federal…
ARK Invest CEO: Crypto Assets Will See Huge Turn
The chief executive officer of the cryptocurrency and technology investment business ARK Invest predicts that this year will see a significant shift in the value of crypto assets due to…