Earlier this week, ministers from the world's top economies, the G7, called for greater speed as financial watchdogs introduce comprehensive crypto regulation. This comes shortly after Terra's demise saw several crypto users suffer considerable losses in the space of a week. G7 Contacts FSB to Hurry Things Up The stablecoin failed to maintain its dollar peg and crashed as low as $0.07, with sister token LUNA not far behind. This created a ripple effect as general market anxiety destabilized even…
Tag: Powell
Crypto Prices Moved Higher Following Powell’s Congress Testimony on Inflation
Just a few days ago, the crypto world was looking with interest at the testimony of Jerome Powell in front of the U.S. Senate. The Chairman of the Federal Reserve appeared in front of the Committee on Banking, Housing, and Urban Affairs on January 11th. The testimony inaugurated the beginning of Powell’s second term leading the Federal Reserve. As the inflation rate appears to pick up in the Western world, many are looking at the Fed to learn about its…
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