[ad_1] “Stagflation is the worst possible scenario for risk assets, particularly for stocks,” Acheson said, adding that compared to equities, the downside in bitcoin appears limited, considering current low participation from macro investors, the spot-ETF narrative and bitcoin’s gold-like appeal. [ad_2]
Continue Reading[ad_1] “Today I had hoped to announce an agreement with the ranking member on stablecoins legislation,” McHenry said, referring to the committee’s senior Democrat, Maxine Waters (D-Calif.). “This will not be the case… It was the White House’s unwillingness to compromise that has once again brought that negotiation to a halt.” [ad_2]
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[ad_1] The largest bitcoin (BTC) asset management product is Grayscale, which runs a $19 billion BTC trust (GBTC), but its dominant position may be under threat following news that investment giant Blackrock (BLK) has filed for a spot bitcoin exchange-traded-fund (ETF) in the U.S., Bernstein said in a research report Monday. [ad_2]
Continue Reading[ad_1] Whether the U.S. participates or not, the rest of the world is exploring and deploying CBDCs. According to the Atlantic Council, 114 countries, representing more than 95% of global gross domestic product, are exploring CBDCs. Actively engaged in this digital gold rush are 19 of the G-20 countries, including India, Japan, Russia and South […]
Continue Reading[ad_1] The Biden Administration is currently studying the possibility of introducing a central bank digital currency. [ad_2]
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[ad_1] Custodia Bank filed an amended complaint against the Federal Reserve Friday, weeks after the Fed rejected its effort to secure a “master account” and become a member of the Federal Reserve System. [ad_2]
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[ad_1] The custody rule change is currently a proposal, and is favorable for bank-custodians and thus positive for crypto custodians such as Anchorage, who have bank charters, and also custodians who operate under state charters, analysts Gautam Chhugani and Manas Agrawal wrote. [ad_2]
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[ad_1] On Wednesday, Judge Lewis Caplan of the Southern District of New York (SDNY) disclosed the names of the two additional bond co-signers, Stanford University’s Andreas Paepcke, a senior research scientist; and Larry Kramer, once a dean of the university’s law school. They had agreed to pay $200,000 and $500,000, respectively. However, said Murphy, only […]
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