Fed’s Neel Kashkari calls crypto ‘utterly useless,’ dismisses stablecoins as ‘buzzword salad’
Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, offered a blunt take on digital assets, arguing that cryptocurrencies,…
Category: Financial
Susquehanna-backed Blockfills up for sale after $75 million lending loss
Blockfills, the crypto lender backed by trading giant Susquehanna, has incurred losses of around $75 million during the recent market…
US Stocks Slip Late as Oil Rises, Fed Signals and PCE Data Loom
U.S. equities traded modestly lower late Thursday as rising oil prices, geopolitical tensions, and cautious Federal Reserve signals tempered momentum…
Fed’s Kashkari: Crypto “Utterly Useless,” Stablecoins No Match for Venmo
Fed’s Kashkari: Crypto “Utterly Useless,” Stablecoins No Match for Venmo Federal Reserve Bank of Minneapolis President Neel Kashkari delivered another…
Surprising Statements from the Most Dovish FED Member – “Aggressive Interest Rate Cuts May No Longer Be Appropriate”
Federal Reserve member Stephen Miran has withdrawn his previous expectations regarding the depth of interest rate cuts this year. Miran…
Community banks see net deposit outflows to Coinbase: Study
New analysis from banking data company KlariVis found that 90% of community banks in its sample had customers transacting with…
Development That Could Affect Cryptocurrencies: Donald Trump Makes New Statements About a Possible Attack on Iran – “Maximum Duration of 10-15 Days”
US President Donald Trump announced that he has extended the decision-making period regarding possible actions against Iran to 10-15 days.…
Jeremy Allaire: Stablecoins are redefining global money usage, bridging fiat and crypto networks, and necessitating regulatory collaboration | All-In
Key Takeaways Stablecoins act as a crucial bridge between fiat currencies and crypto networks, facilitating smoother transitions. The emergence of…