Fed Chair Powell Says Bitcoin Has 'Staying Power' as an Asset Class
“We do see payments stablecoins as a form of money," Powell said, adding that "the ultimate source of credibility in money is the central bank."
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on DecryptRelated market context
Circle Asks SEC to Clarify Cash Treatment for Qualifying Payment Stablecoins
TL;DR: Circle’s comment letter asks the SEC to align its crypto-asset proposal with payment-stablecoin rules. The company’s reques...
Strategy Adds 811 BTC With MSTR Sales as STRC Buybacks Top $400 Million in Two Weeks
Strategy bought 811 bitcoin for $65.5 million in the week ended Nov. 1, returning to the market one week after it added none, the...
Ethereum Whale Buys $63 Million in ETH: Smart Money Calling a Bottom?
Ethereum is attracting a fresh wave of buying as one big whale scooped up nearly $63 million worth of ETH during the latest market...
Hong Kong Advances EnsembleTX to 24/7 Settlement and Plans Stablecoin Trials
TL;DR Settlement hours matter when both cash and assets can move. Continuous service also needs funding and operational support. S...
FATF targets crypto hubs in review of money laundering controls
FATF's focus on crypto hubs may enhance global regulatory compliance, reducing financial crime risks and fostering safer digital a...
Binance Puts Net Outflow at 2.1% of Its $171 Billion in Assets as Withdrawals Restart
Binance said it processed $4.649 billion in withdrawals against $1.01 billion in deposits from 06:00 UTC to 15:30 UTC on Nov. 1, p...