Bitcoin holds support at $16.5K as the Fed signals a slowdown in rate hikes
(Kitco News) - Global financial markets trended higher on Wednesday, with Bitcoin trading near support near $16,500, after the Fed signaled that it will slow the pace of rate hikes.
Fed advisor recommends adopting stablecoins as a shortcut to a CBDC
(Kitco News) - New York Fed advisor Antoine Martin recently suggested that the central bank adopt stablecoins as a shortcut to the creation of a digital dollar.
Institutional investors have been quietly buying the crypto winter dip
(Kitco News) - A recent survey of institutional investors shows that they have remained active throughout the crypto winter and look to position themselves ahead of the next bull market.
US lawmakers seek to exclude cryptos from retirement accounts
(Kitco News) - State and Federal lawmakers in the U.S. want to prohibit crypto investments in retirement accounts due to their volatile and chaotic nature.
Japan to experiment with the issuance of a digital yen in 2023
(Kitco News) - The Bank of Japan announces its intentions to explore and stress test a digital yen with megabanks and regional banks in the spring of 2023.
DCG founder reassures shareholders amid concerns surrounding Genesis Trading
(Kitco News) - Digital Currency Group founder Barry Silbert issued a letter to shareholders on Tuesday reassuring them that the firm is on solid footing and will survive.
Bitcoin regains $16K, but experienced traders warn against buying the bounce
(Kitco News) - Bitcoin price regained support at $16,000 in trading on Tuesday, prompting many analysts to warn of a bull trap as multiple headwinds remain.
India to launch the retail phase of its digital rupee project in December
(Kitco News) - The Reserve Bank of India has announced that the retail phase of its central bank digital currency pilot program will launch in December.
Bill Ackman and Robert Kiyosaki remain positive about the future of crypto
(Kitco News) - As crypto prices fall to their lowest levels in two years, both Bill Ackman and Robert Kiyosaki agree that the future for crypto remains bright.
Bitcoin miners capitulate, leading to further weakness in the price of BTC
(Kitco News) - Bitcoin miners have had to sell their holdings at the fastest pace in two years as the network difficulty remains near record levels while BTC price hits multi-year lows.
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