Reserve Financial News

12.04 / 13:33

cryptocurrency Tesla Terraform Bitcoin Reserve Cryptoverse: 10 billion reasons bitcoin could become a reserve currency

bitcoin to back its own «stablecoin» is firing up the market. It's part of a wider movement to crown bitcoin as the reserve currency of a new age. Seoul-based Terraform Labs has so far built up nearly 40,000 bitcoin worth $1.7 billion in a series of purchases via a non-profit affiliate, Luna Foundation Guard, according to publicly available blockchain data. The spree follows Terraform co-founder Do Kwon's announcement on Twitter last month that the project would buy the $10 billion worth of bitcoin reserves to underpin TerraUSD, breaking ranks with other large stablecoins — a ballooning class of cryptocurrencies that aim to minimise wild price swings and are typically backed by U.S. dollar reserves.

12.04 / 12:07

UPS cryptocurrency Bitcoin Reserve Can Bitcoin Become A Reserve Currency? Top Reasons

Seoul-based Terraform Labs has so far built up nearly 40,000 bitcoin worth $1.7 billion.

05.04 / 12:33

markets Stablecoin Bitcoin Bitcoin Price Future Reserve Biggest future BTC whale explains why Bitcoin was chosen for 'decentralized Forex reserve'

Bitcoin (BTC) is the collateral asset of choice for the world's biggest decentralized stablecoin, and one of its top executives says there was no other.

03.04 / 22:59

UPS Gap Remark Reserve week Economy Week Ahead: Federal Reserve in Focus

Minutes from the Federal Reserve’s March meeting and remarks from Fed officials highlight a relatively light week for economic data.

01.04 / 05:07

Adoption Gold Yuan Bitcoin Reserve VanEck says Bitcoin could hit $4.8M if it became the global reserve asset

American investment firm VanEck believes that Bitcoin has double the upside of gold and could be worth as much as $4.8 million per coin if it becomes the global reserve asset.

17.03 / 23:05

economics BitMEX Bitcoin Reserve end Freezing Russian Reserve Assets Marks End of Monetary Regime; Gold, Bitcoin to Rise – Arthur Hayes

The world’s current monetary regime effectively ended with the freezing of Russian foreign reserves by Western governments on February 26. In the new era, central banks will no longer save reserves in Western fiat currencies -- instead, turning to gold and bitcoin (BTC) as their preferred reserve assets, according to former BitMEX CEO Arthur Hayes.

17.03 / 13:23

UPS Provident Digital Bitcoin Reserve US Federal Reserve Raises Interest Rates since 2018: Implications for Crypto

The United States Federal Reserve announced to raise its interest rates by 25 basis points, the first time in about three years it will be making such a move since December 2018.

16.03 / 21:07

COST UPS Target Reserve Federal Reserve approves first interest rate hike in more than three years, sees six more ahead

The Federal Reserve on Wednesday approved its first interest rate increase in more than three years, an incremental salvo to address spiraling inflation without torpedoing economic growth.

10.03 / 16:19

Reserve The Federal Reserve is shrinking its $9 trillion bond program. Here's what that means for your portfolio

Members of the Federal Reserve are debating how quickly to reduce the central bank's portfolio of bonds, without starting a recession. Heading into the second quarter of 2022, the balance of Federal Reserve's assets is almost $9 trillion. The majority of these assets are securitized holdings of government debt and mortgages. Most were purchased to calm investors during the subprime mortgage crisis in 2008 and 2020's pandemic. «What's happened is the balance sheet has become more of a tool of policy.» Roger Ferguson, former vice chairman of the Federal Reserve Board of Governors, told CNBC. «The Federal Reserve is using its balance sheet to drive better outcomes in history.»

09.03 / 13:55

business Blockchain Ripple Reserve Federal Reserve works with China’s blockchain ally for instant payments

The United States Federal Reserve is moving forward with its real-time payment project FedNow Service by starting experimenting with the blockchain infrastructure.

03.03 / 17:53

Remark Reserve committee Watch Federal Reserve Chair Powell speak live on policy before Senate committee

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02.03 / 17:53

Remark Reserve committee Watch Federal Reserve Chair Powell speak live on policy before House committee

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23.02 / 21:49

UPS Williams Reserve The market has adjusted its views of how the Federal Reserve will raise interest rates

The Federal Reserve is expected to start raising interest rates next month and not slow down until well into 2023, though the slope of the increases might be a bit gentler.

23.02 / 00:03

business Stablecoin Ecosystem Terra Usd Bitcoin Reserve Luna Foundation Guard raises $1B to form UST reserve denominated in Bitcoin

The nonprofit organization focused on the open-source stablecoin network behind Terra USD, Luna Foundation Guard, has closed on a $1 billion raise through the sale of LUNA tokens.

18.02 / 19:51

business Technology Stablecoin Interest rates Terra Usd Reserve Terra injects 450M UST into Anchor reserve days before protocol depletion

In a tweet published early Friday, Do Kwon, founder of Terraform Labs, the entity developing the Terra Luna (LUNA) and Terra USD (UST) stablecoin ecosystem, announced the injection of 450 million UST ($450 million) into the Anchor protocol's reserves. The proposal passed a vote by the Luna Foundation Guard on Feb.10. Anchor serves as the flagship savings protocol of the Terra ecosystem, offering users of up to 20% interest per annum on their UST deposits, paid for by borrowers.

11.02 / 01:57

Reserve Federal Reserve to Test Ability of Largest Banks to Weather Recession

WASHINGTON—The Federal Reserve said it would test the ability of the largest U.S. banks to weather a hypothetical recession in which markets deteriorate markedly and unemployment jumps above 10%.

10.02 / 20:55

economics us government Federal Reserve Reserve US Federal Reserve bank at the helm of CBDC research effort appoints new president

The Federal Reserve Bank of Boston, or Boston Fed, has selected economist Susan M. Collins, University of Michigan provost, to serve as its new president and chief executive officer.

10.02 / 14:53

markets Stablecoin Bitcoin Bitcoin Price Reserve bitcoin rises Exchange stablecoin reserve hits $27B as Bitcoin rises toward $50K 'fair value'

Cryptocurrency exchanges now have more stablecoins on their books than ever before in a fresh sign investors are waiting to buy Bitcoin (BTC) and altcoins.

04.02 / 22:35

Blockchain Digital Winter Olympics Reserve Federal Reserve Bank of Boston and MIT report on Project Hamilton’s first phase

As China’s digital yuan sees its debut on the first day of the 2022 Beijing Winter Olympics, another country has shown signs of stepping into the CBDC development arena. This was none other than the USA.

04.02 / 13:08

Ethereum Platform Kraken Bitcoin Reserve audit Customers Kraken Passes Reserve Audit Proof, Allowing Customers to Verify Crypto Balances

Kraken exchange has passed a crypto audit by Armanino LLP, allowing customers to verify cryptocurrency balances.

03.02 / 11:49

markets Federal Reserve Interest rates Bitcoin analysts Reserve The US Federal Reserve is making some analysts bullish on Bitcoin again

Signs of a steady Bitcoin (BTC) price recovery emerged earlier this week as investors shifted away from the U.S. dollar on weaker-than-expected economic data.

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