Bitcoin dipped 3% on Wednesday after a top Federal Reserve official said there's no compelling case to halt liquidity tightening. LedesmaLyllah reports in First Mover Americas
early Wednesday after a top U.S. Federal Reserve official said there is no compelling case to halt the central bank’s rate hike cycle
. The Fed's historic string of monetary tightening has been among the major reasons for continued bear market in cryptocurrencies."I don't really see a compelling reason to pause," Federal Reserve Bank of Cleveland Presidentin an interview published on Wednesday."I would see more of a compelling case for bringing the rates up and then holding for a while until you get less uncertain about where the economy is going," Mester added. Her remarks helped send the U.S.
staff are warning companies to be wary of and to actively counter risks from clearing digital asset transactions.on Tuesday, saying it would put a special focus on the emerging risks in crypto in response to an upswing in its supervised entities clearing such trades. These risks include potential conflicts of interest, protections against cyber threats and how firms are managing physical delivery of digital assets in transactions requiring delivery.
Ishan Wahi and his brother Nikhil Wahi were arrested last year on charges of wire fraud conspiracy and wire fraud in connection with a scheme to commit insider trading. On the same day, the SEC brought insider trading charges against the duo.
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