Category: cryptocurrency

European Stocks Edge Higher, Yields Rise as Markets Adjust Rate Expectations

LONDON—European stock indexes opened slightly higher on Tuesday, while U.S. and European government bond yields rose to new multiyear highs as investors adjusted their expectations for rate hikes following hawkish comments from the U.S. Federal Reserve. Fed Chair Jerome Powell said that the central bank could move “more aggressively” to raise rates to fight inflation,…


Dollar Little Changed With Powell on Deck

NEW YORK—The dollar was little changed versus a basket of major currencies on Monday, as investors looked toward comments from U.S. Federal Reserve Chair Jerome Powell and from a host of other Fed policymakers this week for insight on monetary policy. The greenback had been fluctuating between slight gains and losses, and weakened slightly after…


Dollar Rebounds as Fed Officials Comment on Rates; Dollar at 6-years High Versus Yen

NEW YORK—The U.S. dollar index bounced back on Friday from recent declines following comments from Federal Reserve officials on interest rates that supported the currency, while the dollar was at a fresh six-year high against the yen and the euro eased. St. Louis Federal Reserve President James Bullard called for a dramatic increase in the…


Emergencies Act Left Crytpo Businesses Scrambling, Committee Hears

The financial measures imposed through the Emergencies Act to target the participants in the Freedom Convoy left some businesses scrambling to interpret the broad order, the House Finance Committee heard on March 14. “We have a very highly skilled team of AML [anti-money laundering] professionals and lawyers,” said WealthSimple’s chief legal officer Blair Wiley, yet the…


Emergencies Act Left Crypto Businesses Scrambling, Committee Hears

The financial measures imposed through the Emergencies Act to target the participants in the Freedom Convoy left some businesses scrambling to interpret the broad order, the House Finance Committee heard on March 14. “We have a very highly skilled team of AML [anti-money laundering] professionals and lawyers,” said WealthSimple’s chief legal officer Blair Wiley, yet the…


UK Regulators Shut Down Bitcoin Cashpoints

The United Kingdom ordered on Friday the shutting down of its cryptocurrency cashpoints after financial regulators declared these installations illegal. The Financial Conduct Authority (FCA), a non-government regulatory body that operates in the UK, declared on Friday that these “cryptocurrency ATMs” are illegal as they currently stand, and must be approved by the FCA and…


California Seeks to Use Cryptocurrency as Legal Tender

SACRAMENTO—Californians might be able to use cryptocurrencies to pay for groceries, rent, or driver’s license renewal as early as next year after two bills were introduced recently to make digital currency an acceptable form of payment. Last month, Sen. Sydney K. Kamlager (D-Los Angeles) introduced Senate Bill 1275, which would authorize state agencies to accept…


Euro Rises as Putin Sees ‘Certain Positive Shifts’ in Talks With Ukraine

LONDON—The euro rose on Friday after Russian President Vladimir Putin said there had been some progress in Moscow’s talks with Ukraine. Even if Putin provided no details, the euro rose 0.4 percent to $1.1043 minutes after Putin said in a meeting with his Belarusian counterpart Alexander Lukashenko that talks continued practically on daily basis. “There…


Biden’s Crypto EO Weighs Climate Change, Ponders Digital Dollar

President Joe Biden’s Wednesday executive order on cryptocurrency outlines a range of new policy objectives and measures, including language on the climate-related effects of cryptocurrencies and on the potential for a U.S. central bank digital currency (CBDC). “We must take strong steps to reduce the risks that digital assets could pose to … climate change and…


US Treasury Launches Campaign to Educate Public About Crypto Risks

The U.S. Treasury Department is launching an initiative to raise awareness about the risks of investing in cryptocurrencies as the digital asset moves from the fringes of the financial system to the mainstream, a top official said. The Treasury’s Financial Literacy Education Commission will create educational materials and organize outreach to inform the public about…