Monthly Archives: September 2021

Bhutan: Gemeinsame nachhaltige CBDC-Testphase mit Ripple

Ein Tempel in Bhutan.
Bhutan fördert finanzielle Eingliederung und Nachhaltigkeit mit der CBDC-Lösung von Ripple zugunsten des “Bruttonationalglücks.” Wenn das so weitergeht, läuft Asien in Sachen digitaler Zentralbankwährung Europa den Rang ab.
 
Source: BTC-ECHO

Der Beitrag Bhutan: Gemeinsame nachhaltige CBDC-Testphase mit Ripple erschien zuerst auf BTC-ECHO.

Erlöse aus NFT Versteigerung für humanitäre Hilfe in Afghanistan

Save Afghanistan in schwarz, rot, grün geschrieben auf einem Pappschild wird in mitten einer Menschenmenge hoch gehalten
War es zum Jahreswechsel noch der DeFi-Space, der die Nachrichtenlage des Kryptomarktes beherrschte, sind es seit geraumer Zeit nun Non-fungible Token (NFT), über die täglich neue News erscheinen. Im NFT-Newsticker widmen wir uns der Sparte und berichten immer aktuell über die Entwicklungen.
 
Source: BTC-ECHO

Der Beitrag Erlöse aus NFT Versteigerung für humanitäre Hilfe in Afghanistan erschien zuerst auf BTC-ECHO.

Evergrande-Fiasko vorerst gestoppt wieso jetzt Vorsicht geboten ist

Evergrande
Die Evergrande-Pleite ist vorerst abgewendet. Doch die Gefahr für Bitcoin und Co., die von Crashs am traditionellen Finanzmarkt ausgeht, sollten Krypto-Investor:innen nicht unterschätzen.
 
Source: BTC-ECHO

Der Beitrag Evergrande-Fiasko vorerst gestoppt – wieso jetzt trotzdem Vorsicht geboten ist erschien zuerst auf BTC-ECHO.

Genesis Digital: Investitionsrunde bringt dem Miner 431 Mio. USD

Genesis Mining
Das Bitcoin-Mining-Unternehmen Genesis Digital Assets sammelt 431 Millionen US-Dollar unter der Führung von Paradigm ein. Institutionelle Anleger pumpen trotz Kursschwankungen weiter hohe Beträge in den Kryptomarkt.
 
Source: BTC-ECHO

Der Beitrag Genesis Digital: Investitionsrunde bringt dem Miner 431 Millionen US-Dollar ein erschien zuerst auf BTC-ECHO.

Powell: Guidance around Fed Tapering Could Come at Next Meeting

  • If recovery remains on track, a gradual tapering process that concludes around the middle of next year is likely to be appropriate, Powell says
  • The Fed still evaluating whether to issue a CBDC amid extensive private innovation, which the Fed chair noted is taking place outside the regulatory perimeter

While the Federal Open Market Committee (FOMC) kept interest rates near zero and maintained its asset purchases, Chair Jerome Powell said considerations around tapering “could come as soon as the next meeting.”

The Committee indicated last December that it would continue to increase its holdings of Treasury securities by at least $80 billion per month and of agency mortgage‑backed securities by at least $40 billion per month until substantial further progress has been made toward its maximum employment and price stability goals.

“For inflation, we appear to have achieved more than substantial further progress, so that part of the test is achieved in my view and in the view of many others,” Powell said Wednesday during a press conference following the FOMC meeting. “The question is really on the maximum employment test.”

Job gains averaged 750,000 per month over the past three months but slowed in August in sectors such as leisure and hospitality due to rising Covid cases

Powell admitted that the anticipated filling of job vacancies in September as children went back to school and unemployment benefits expiring has not happened “in force” due to the Delta variant.   

The FOMC generally views that so long as the recovery remains on track, a gradual tapering process that concludes around the middle of next year is likely to be appropriate, Powell added. 

“The timing and pace of the coming reduction in asset purchases will not be intended to carry a direct signal in the timing of interest rate liftoff, for which we have articulated a different and substantially more stringent test,” the Fed chair noted.

The committee continues to expect to maintain a target range for the federal funds rate between 0% and 0.25% until there is maximum employment and inflation has risen to 2% and exceeds 2% for a period of time. Half of FOMC participants forecast these will be fulfilled by the end of next year. 

Ethics review, CBDC progress

Powell also addressed media reports of Fed officials who traded stocks and other investments while setting monetary policy.

Financial disclosure forms show that Federal Reserve Bank of Dallas President Robert Kaplan and Federal Reserve Bank of Boston leader Eric Rosengren actively traded in markets last year, the Wall Street Journal recently reported.

He said the Fed has begun a review of the ethics rules around permissible financial holdings and activity by Fed officials, noting that such officials should in general not be owning the same assets that the Federal Reserve is buying. 

“No one at the FOMC is happy to be in this situation, to be having these questions raised. It’s something we take very, very seriously,” Powell said. “This is an important moment for the Fed, and I’m determined that we will rise to the moment and handle it in ways that will stand up over time.”

The Fed chair was also asked about progress on developing a central bank digital currency (CBDC). Powell noted that the Fed will soon publish a discussion paper on the subject.

“With the creation of myriad private currencies and currency-like products, we’re working proactively to evaluate whether to issue a CBDC and if so, in what form,” he said. “…I think it’s important that we get to a place where we can make an informed about this and do so expeditiously. I don’t think we’re behind. I think it’s more important to do this right than to do it fast.”


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