Washington Financial News

U.S. Republican Sen. Cynthia Lummis of Wyoming held a fireside chat with the founder and CEO of Chamber of Digital Commerce Perianne Boring during the Bitcoin 2023 event in Miami on May 19.

Federal Reserve Chair Jerome Powell said Friday that stresses in the banking sector could mean that interest rates won't have to be as high to control inflation.

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WASHINGTON—A Federal Reserve official cautioned policy makers against undertaking a broad revamp of the regulatory framework facing small and regional banks, saying complex new rules could hasten the consolidation of the banking industry and potentially push more activities outside of the regulated banking system.

The rise of fake credentials and teachers being undervalued and underpaid are some of the recurring problems that the education sector continues to face. Cointelegraph went on a mission to see if nonfungible tokens (NFT) can provide a solution to these headaches found in the education sector. 

cryptocurrency markets were trading mixed on Wednesday on weak global cues amid debt ceiling negotiations in the US. XRP, Dogecoin, and Litecoin were trading with gains, while Bitcoin, Ethereum, and BNB were trading with cuts. Bitcoin (BTC) fell 1.39% to $26,851, whereas Ethereum (ETH) was just above the $1,800 level. BTC volume in the last 24 hours stood at approximately $12.14 billion, falling 2.93% in the last 24 hours. «Bitcoin traded flat in the past 24 hours as investors might be closely monitoring the attention on the debt ceiling negotiations in Washington. BTC has been seen changing hands between US$26,800 and US$27,400 levels,» Edul Patel, Co-founder and CEO at Mudrex, said. The total volume in DeFi is currently 2.11 billion, 7.45% of the total crypto market 24-hour volume. The volume of all stablecoins stood at $25.79 billion, which is 91.17% of the total crypto market 24-hour volume.

Stablecoin issuers including Tether, Circle, and others have spent well over a million dollars lobbying lawmakers on Capitol Hill since the start of 2022, according to recent data.

US lawmakers introduced a bill on Thursday that aims to clarify how digital assets are labeled, in part through a new term coined an “investment contract asset.”

The global debt pile grew by $8.3 trillion in the first quarter to a near-record high of $305 trillion as the global economy faced a «crisis of adaptation» to rapid monetary policy tightening by central banks, according to a closely-watched report from the Institute of International Finance.

Not enough is being done to stop North Korea hacking crypto, Japanese government leaders have hinted at the latest G7 central bank governors and finance ministers’ summit.

The social media platform Facebook started its journey into the metaverse two years ago on October 28, 2021. 

Cryptocurrency companies are playing a game of poker with the Securities and Exchange Commission, making bold threats to leave the U.S. as the regulator steps up pressure on the industry to toe the line.

Two United States Senators from opposite sides of the political aisle have reintroduced legislation from 2022 aimed at mitigating perceived risks posed by El Salvador’s adoption of Bitcoin as a legal currency.

In the wake of the Covid-19 pandemic, Atom Bank chief executive Mark Mullen decided his workforce needed re-energising.

As North Korean military activities continue to capture the attention of decision-makers and analysts across the world, around 50% of the country’s secretive missile program could be financed by cyberattacks and cryptocurrency theft, according to Anne Neuberger, the U.S. deputy national security adviser for cyber and emerging technology.

The UK’s financial regulator, along with local police, descended upon illegally operated cryptocurrency automatic teller machines (ATMs) as part of a continued crackdown.

WASHINGTON—Federal Reserve officials signaled they might be done raising interest rates for now after approving another increase at their meeting that concluded Wednesday.

WASHINGTON—The Biden administration and Capitol Hill leaders are scrambling to avoid a first-ever government default that could arrive as soon as June 1, taking potential alternative strategies more seriously after months of deadlock over raising the country’s borrowing limit.  

WASHINGTON—Treasury Secretary Janet Yellen said the U.S. government could become unable to pay all of its bills on time as soon as June 1 if Congress doesn’t first raise the debt limit.

WASHINGTON—President Biden is close to nominating Federal Reserve governor Philip Jefferson to serve as the central bank’s second-in-command and Adriana Kugler, an economist and top World Bank official, to fill a vacancy on the Fed’s board, according to people familiar with the matter.

WASHINGTON—The Biden administration and Capitol Hill leaders are scrambling to avoid a first-ever government default that could arrive as soon as June 1, taking potential alternative strategies more seriously after months of deadlock over raising the country’s borrowing limit.