Blockchain Lender Reports 300% Surge as Fed Slashes Interest Rates

Blockchain Lender Reports 300% Surge as Fed Slashes Interest Rates

A blockchain lending firm has seen the value of total loans funded surge to $1 billion since the U.S. Federal Reserve announced its emergency stimulus interest rate cut last week. A blockchain lending firm has seen the value of total loans funded surge to $1 billion since the United States Federal Reserve announced its emergency stimulus interest rate cut last week.In an announcement on March 10, Figure Technologies — which claims to be the…

Share:
Read more

Fed Chairman: ‘No One Uses It’ — Bitcoin a Speculative Asset Like Gold

Fed Chairman: ‘No One Uses It’ — Bitcoin a Speculative Asset Like Gold

Fed Chairman Powell has said that a globally prevalent cryptocurrency could conceivably remove the need for reserve currencies. The Chairman of the United States Federal Reserve has said that a globally adopted cryptocurrency system could conceivably remove the need for reserve currencies. Testifying before the Senate Banking Committee on July 11, Fed Chairman Jerome Powell gave his analysis of whether a cryptocurrency system with global prevalence could diminish — or even go so far as…

Share:
Read more