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News
Warsh’s Jackson Hole speech puts rate hike on the table
1+ hour, 21+ min ago (1307+ words) Federal Reserve Chair Kevin Warsh has put another interest-rate increase on the table after saying inflation remains well above the Fed’s 2% target, sending Bitcoin below $80,000 as traders raised their rate-hike bets. The Federal Reserve’s published remarks show that Warsh made…...
Truflation calls for Fed rate cut after PCE forecast
1+ day, 2+ hour ago (1246+ words) Truflation has called for the Federal Reserve to cut interest rates after its July forecast came within 0.01 percentage point of the official monthly headline PCE reading and matched the other three published figures. The U.S. Bureau of Economic Analysis reported on…...
Warsh Jackson Hole keynote puts financial innovation first
2+ day, 7+ hour ago (811+ words) The symposium theme is “Financial Innovation: Implications for Payments and Policy.” Warsh divested a dozen blockchain positions before taking office. He appointed Marc Andreessen to co lead the Fed’s AI task force. Friday’s speech could move crypto markets on policy…...
Crypto investors should favor systematic strategies over Fed predictions, Moon Pursuit Capital says
3+ day, 3+ hour ago (1367+ words) Moon Pursuit Capital has urged professional crypto investors to use systematic strategies instead of relying on Federal Reserve forecasts after Bitcoin gained 22.1% in seven days and approached $80,000. Moon Pursuit Capital Principal Courtney Olujobi told crypto.news that Jackson Hole remains…...
Shinhan taps Solana for Korean won tokenized fund
1+ week, 12+ hour ago (709+ words) South Korea’s Shinhan Asset Management signed a four-party memorandum on Aug. 21 to test a Korean won tokenized fund using the Solana blockchain. The agreement brings together Shinhan Asset Management, the Solana Foundation, tokenization platform Etherfuse and decentralized exchange Orca. The…...
Fed rate pause was the right call, Goldman’s Kaplan says
2+ week, 20+ hour ago (1317+ words) Goldman Sachs Vice Chairman Robert Kaplan has backed the Federal Reserve’s 9–3 decision to keep interest rates at 3.50%–3.75% in July, arguing that policymakers needed more time to assess inflation before acting. Bloomberg Television reported on Aug. 13 that Kaplan, a former president…...
Fed July rate hold was ‘absolutely’ right, Kaplan says
2+ week, 21+ hour ago (1165+ words) Goldman Sachs Vice Chairman Rob Kaplan has backed the Federal Reserve’s 9–3 decision to hold interest rates at 3.50%–3.75% in July while urging policymakers to keep their options open before September. Bloomberg reported that Kaplan, a former president of the Federal Reserve…...
Tether gets unqualified KPMG opinion in first full audit
2+ week, 1+ day ago (1012+ words) Tether has completed its first independent financial statement audit, with KPMG U.S. issuing an unqualified opinion after reviewing its 2025 accounts and a reported $6.814 billion reserve surplus. Tether said Thursday that KPMG U.S. conducted the audit of Tether International, S.A. de C.V. under applicable professional…...
Bitcoin price falls below $64K as US CPI fails to spark breakout
2+ week, 1+ day ago (1168+ words) Bitcoin price fell nearly 3% from an intraday high of $65,234 to $63,304 as an expected U.S. inflation report failed to push the asset beyond its established trading range. According to data from crypto.news, Bitcoin (BTC) price traded near $63,600 at the time of…...
GITEX NIGERIA reinforces Nigeria's digital transformation ambitions amid Africa's projected US$1 trillion AI economic potential
2+ week, 1+ day ago (195+ words) Opening in Abuja on 31 August, the GITEX NIGERIA Government Leadership and AI Summit will bring together ministers, governors, and regulators to address the critical questions surrounding West Africa’s digital public infrastructure. For more information, news and updates on GITEX NIGERIA,…...