Category: Crypto

Fed: Cryptocurrencies pose a risk to the financial system

New forms of digital money, such as cryptocurrencies and their form of stablecoins, pose a risk to the U.S. financial system and require new consumer protection rules, the Federal Reserve said. Federal Reserve Chairman Jerome Powell said new technologies are likely to make electronic payments cheaper and faster, but they could also destabilize financial institutions. […]

Oil at more than $100 for the first time since 2014, the ruble is falling, turmoil and cryptocurrencies

Russia’s invasion of Ukraine immediately affected the price of oil on the world market, falling stock markets, and cryptocurrencies. The price of crude oil jumped to more than a hundred dollars per barrel(for the first time since 2014), “futures” on the Dow fell 2.4 percent, Nasdaq 2.7 percent, and the S&P 500 – 2.4%. Asian […]