Cryptocurrency traders who were expecting a "Christmas rally" did not expect that the Christmas socks were not filled with gifts, but full of cinders.
Hammack said the Federal Reserve is not involved in bitcoin, but is concerned about the development of cryptocurrencies.
US prosecutors said they did not breach a plea deal with former FTX executive Ryan Salame and did not commit to stopping the investigation of his partner Michelle Bond. Salame has previously accused the government of threatening his significant other Bonds in plea negotiations, but prosecutors stressed that they repeatedly made it clear to Salame's lawyers that the plea would not affect the ongoing investigation of Bond. Salame pleaded guilty in September to participating in an illegal political...
On August 1st, "Federal Reserve Messenger" Nick Timiraos quickly commented on the Federal Reserve's FOMC statement, saying that there was no clear signal at this meeting that interest rates would be cut in September, but there were some very meaningful changes in the first half of the statement: the dual mandate was back, and inflation fell from "high" to "high to some extent".