Reserves

Federal Reserve’s Bullard Indicates One More Rate Hike Based on Latest FOMC Projections

Source Node: https://platodata.network/platowire/federal-reserves-bullard-indicates-one-more-rate-hike-based-on-latest-fomc-projections/
Time Stamp: March 24, 2023 2:33 PM - Modified On: March 24, 2023 - Published By:
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Republished By Plato

The Federal Reserve's Bullard recently indicated that there may be one more rate hike based on the latest FOMC projections. This news has caused some concern among investors and consumers alike, as it could potentially impact the economy in various ways.Firstly, it is important to understand what the Federal Reserve is and what its role is in the economy. The Federal Reserve, also known as the Fed, is the central bank of the United States. Its main responsibility is to regulate monetary policy, which includes setting interest rates and controlling

Federal Reserve Acknowledges Lack of Oversight in SVB Collapse

Source Node: https://platodata.network/platowire/federal-reserve-acknowledges-lack-of-oversight-in-svb-collapse/
Time Stamp: March 24, 2023 5:28 AM - Modified On: March 24, 2023 - Published By:
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Republished By Plato

The Federal Reserve has recently acknowledged that it lacked proper oversight in the collapse of Silicon Valley Bank (SVB), a California-based bank that specializes in serving technology and venture capital firms. The collapse of SVB in 2020 was a significant event that sent shockwaves through the financial industry, and the Federal Reserve’s admission of its lack of oversight has raised concerns about the effectiveness of regulatory bodies in preventing similar collapses in the future.SVB was founded in 1983 and quickly became a prominent player in the technology banking sector. The

Report: Australian Regulator Requires Banks to Disclose Exposure to Startups and Crypto-Related Businesses

Source Node: https://zephyrnet.com/australian-regulator-tells-banks-to-report-exposure-to-startups-and-crypto-related-business-report/
Time Stamp: March 22, 2023 2:00 AM - Modified On: March 22, 2023 - Published By:
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Published by Plato

The Australian Prudential Regulation Authority (APRA) has recently released a report requiring banks to disclose their exposure to startups and crypto-related businesses. This move is aimed at increasing transparency and reducing the risks associated with investing in these types of businesses.The report, titled "Information Paper: Credit Risk Management Practices and Accounting for Expected Credit Losses," highlights the need for banks to have a clear understanding of the risks associated with lending to startups and crypto-related businesses. It also emphasizes the importance of disclosing this information to investors and regulators.Startups and

Hoskinson attributes banking crisis to money printing and fractional reserve banking, not crypto.

Source Node: https://zephyrnet.com/banking-crisis-hoskinson-blames-money-printing-fractional-reserve-banking-not-crypto/
Time Stamp: March 21, 2023 6:50 AM - Modified On: March 21, 2023 - Published By:
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Published by Plato

Charles Hoskinson, the founder of Cardano and co-founder of Ethereum, has recently spoken out about the banking crisis and its root causes. In a recent interview, Hoskinson attributed the crisis to two primary factors: money printing and fractional reserve banking. He also made it clear that cryptocurrencies are not to blame for the current economic situation.Money printing, or quantitative easing, is the process by which central banks create new money to stimulate the economy. This can be done by purchasing government bonds or other assets, which injects new money into

XAU/USD Price Surges Above $2,000 as Gold Gains Over 3%

Source Node: https://zephyrnet.com/gold-price-forecast-xau-usd-gains-more-than-3-approaches-2000/
Time Stamp: March 19, 2023 4:40 PM - Modified On: March 19, 2023 - Published By:
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Published by Plato

The XAU/USD price has surged above $2,000 for the first time ever, as gold prices gained over 3% in the last 24 hours. This is a major milestone for the precious metal, which has been steadily climbing since the start of the year. The surge in gold prices is being driven by a number of factors. Firstly, there is increasing demand for safe-haven assets due to the ongoing economic uncertainty caused by the coronavirus pandemic. With global stock markets volatile and currencies weakening, investors are turning to gold as a

Russian Lawmakers Pass First Reading of Draft Laws for Regulation and Issuance of Central Bank Digital Currency

Source Node: https://zephyrnet.com/russian-lawmakers-approve-first-reading-of-draft-laws-establishing-cbdc-regulation-issuance/
Time Stamp: March 18, 2023 1:00 PM - Modified On: March 18, 2023 - Published By:
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On February 11, 2021, Russian lawmakers passed the first reading of draft laws that would regulate and issue a central bank digital currency (CBDC). This is a significant step towards the adoption of a digital ruble, which could become the first major CBDC to be issued by a major economy. The draft laws were proposed by the Bank of Russia, the country’s central bank, and were approved by the State Duma, the lower house of the Russian parliament. The draft laws are aimed at creating a legal framework for the

Russian Parliament Passes Bill to Introduce Digital Ruble

Source Node: https://zephyrnet.com/russian-parliament-votes-on-bill-opening-door-for-digital-ruble/
Time Stamp: March 18, 2023 3:30 AM - Modified On: March 18, 2023 - Published By:
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In a move that could revolutionize the way Russia handles its currency, the Russian Parliament has recently passed a bill to introduce a digital version of the ruble. The digital ruble is set to become the first official digital currency of a major nation, and it could have far-reaching implications for the country's economy. The digital ruble will be issued and managed by the Central Bank of Russia, and it will be backed by the same reserves as the physical ruble. It will be available to both individuals and businesses,

Tether Remains the Only Stablecoin Trading Above its Peg as USDC Contagion Affects Top 10 Cryptocurrencies

Source Node: https://zephyrnet.com/nine-out-of-top-10-stablecoins-trading-below-peg-as-usdc-contagion-spreads-tether-sole-survivor/
Time Stamp: March 11, 2023 5:36 PM - Modified On: March 11, 2023 - Published By:
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Published by Plato

In the world of cryptocurrency, one of the most important concepts is that of a stablecoin. Stablecoins are digital assets that are designed to maintain a stable value relative to a specific asset, such as the US dollar. Tether (USDT) is the most popular stablecoin, and it has remained the only stablecoin trading above its peg as USDC contagion affects the top 10 cryptocurrencies. The USDC is a stablecoin that is pegged to the US dollar and is backed by the US dollar reserves held by its issuer, Circle. It

Circle Reports $3.3 Billion of USDC Reserves Locked at Silicon Valley Bank

Source Node: https://zephyrnet.com/circle-says-3-3b-of-usdc-reserves-stuck-at-silicon-valley-bank/
Time Stamp: March 11, 2023 6:46 AM - Modified On: March 11, 2023 - Published By:
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Published by Plato

The world of cryptocurrency has been abuzz with news of Circle's recent announcement that it has locked $3.3 billion of USDC reserves at Silicon Valley Bank. This move marks a major milestone for the company, which is a leader in the digital asset space.Circle is a financial technology company that provides services for individuals and businesses related to cryptocurrency. The company has been around since 2013 and is one of the largest digital asset companies in the world. It is also the issuer of the USDC stablecoin, which is a

Silicon Valley Bank’s Collapse Impacts Tech Industry, Prompts Search for Solutions

Source Node: https://zephyrnet.com/silicon-valley-bank-collapse-leaves-tech-industry-scrambling-for-answers/
Time Stamp: March 10, 2023 10:14 PM - Modified On: March 10, 2023 - Published By:
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The recent collapse of Silicon Valley Bank (SVB) has sent shockwaves through the tech industry, leaving many to wonder what went wrong and how to prevent similar collapses in the future. SVB was a major player in the tech industry, providing venture capital and financial services to many of the biggest names in the sector. Its sudden failure has left many companies scrambling to find alternative sources of funding and support. The cause of SVB’s collapse is still being investigated, but it appears to be linked to a combination of