Monat: Januar 2021

The Senate Finance Committee supports the appointment of Janet Yellen as Treasury Secretary.

Janet Yellen, the former head of the US Federal Reserve, has come a big step closer to becoming the country’s first female Treasury Secretary

The parliamentary finance committee of the US Senate unanimously approved the nomination of Yellen on Friday. Subsequently, their appointment now has to be confirmed by the entire parliament. Chuck Grassley, a senator from the rival Republican Party, sees the approval of the finance committee as a strong „non-partisan“ signal of cooperation to the government.

His Republican colleagues point out that they support Yellen, even though they disagree with some of their views on substance. Nevertheless, she would be highly qualified for the office, which is why the MPs approve her nomination.

The Finance Committee hopes that the Senate will also vote unanimously in favor of Yellen’s appointment, but this has not yet happened

If Janet Yellen is confirmed as Treasury Secretary, she would play an important role in Joe Biden’s cabinet, setting the course for the economy and finance of the most powerful country in the world. Her appointment would also have a symbolic value, as she would be the first woman in this position.

In her confirmation hearing before the Senate Yellen on Tuesday had „decisive action“ in the Corona crisis demanded :

“Economists don’t always agree, but I think there’s a consensus on this. If we do not intervene further, we risk a longer and worse crisis than we already have, which could have long-term effects on the economy. “

From 2014 to 2018, Yellen was the head of the central bank of the United States, and she was the first woman to hold this position. Under her leadership, the “Federal Reserve” was on the way to normalizing monetary policy for the first time , before its successor Jerome Powell later canceled this strategy.

The crypto industry is closely monitoring the nomination of Yellen, because the former Fed boss has so far sent mixed signals about cryptocurrencies. On the one hand, she has praised Bitcoin ( BTC ) as a digital asset that can drive innovation and optimization of the global financial system, while on the other hand , she fears that cryptocurrencies encourage money laundering and other illegal activities.

The last few days the government Trump had previously added to the crypto industry is still in a panic, because the outgoing Finance Minister Steven Mnuchin has fast nor a law put in place that would intensify the use of crypto-wallets.

However, when he took office, new President Joe Biden put a halt to all government-submitted bills, blocking many of the Trump administration’s late-stage efforts for now. The relevant law for crypto wallets is also affected, which gives the industry a sigh of relief.

Prawie 90% respondentów comiesięcznych ankiet przeprowadzanych przez Deutsche Bank wśród specjalistów rynkowych stwierdziło, że rynki finansowe doświadczają wielu baniek cenowych.

Te bańki obejmują akcje Bitcoin i amerykańskie akcje technologiczne, które znajdują się na szczycie tej listy

Od marcowej wyprzedaży cena Bitcoin wzrosła ponad 10-krotnie, aw styczniu osiągnęła nowy rekord wszechczasów na poziomie 42 000 USD, pośród drukowania pieniędzy przez banki centralne na całym świecie, a stopy procentowe spadły do ​​zera i poniżej zera. poziom.

Respondenci dostrzegają również, że wartość Bitcoina spadła o połowę w ciągu najbliższych 12 miesięcy. Mają te same uczucia co do Tesli Elona Muska , która wzrosła 11,2-krotnie od marcowej wyprzedaży i osiągnęła szczyt 880 USD na początku tego miesiąca.

Jak wynika z badania, 71% z 627 ankietowanych inwestorów nie sądziło, że Rezerwa Federalna Stanów Zjednoczonych ograniczy stymulację przed końcem roku

W podobnym badaniu przeprowadzonym przez Bank of America , długie pozycje bitcoinów zastąpiły długie pozycje w amerykańskich akcjach technologicznych jako najbardziej oblegana transakcja w styczniu, z krótkim dolarem na trzecim miejscu. 18% tych inwestorów również postrzega bańkę na Wall Street jako jedno z zagrożeń dla gospodarki.

Rekordowe 92% inwestorów BofA spodziewa się również wyższej inflacji i rekordowo 83% bardziej stromej krzywej dochodowości, jednocześnie zachowując optymizm w stosunku do globalnego wzrostu.

The British financial watchdog and the president of the ECB are calling for stricter rules.

Regulators are paying more attention to bitcoin and its use in the international financial system after the value of the digital currency surged in a volatile rally that increased fears of a lack of robust oversight by financial supervisors.

Both the UK’s Financial Conduct Authority and the president of the European Central Bank stressed this week the need for stricter regulatory oversight of cryptocurrencies, noting the extreme volatility and criminal activity often associated with the cryptocurrency market.

ECB President Christine Lagarde told the conference on Wednesday that bitcoin was „a very speculative asset that allowed dirty dealings and totally unacceptable money laundering activities“.

Ms Lagarde’s comments follow a grimly worded warning from the UK regulator, which this week reiterated to consumers that anyone involved in bitcoin schemes „should be prepared to lose all their money“.

The price of bitcoin soared more than 300% last year and rose another 40% in early January, reaching a high of more than $40,000. Since then it has fallen 17% without a clear trigger.

Bitcoin’s rise chart december 2020

This degree of volatility discourages many institutional investors, but it is Bitcoin Fortune hard for some hedge funds and other private investors to ignore.

However, Ms Lagarde warned that „criminal investigations have demonstrated very clearly that bitcoin has been used to launder money“ and called for cryptocurrency regulation to be agreed at a global level, perhaps in the G7 or G20 wealth groups.

„If there is a loophole, that loophole will always be exploited by criminals – this shows that global coordination and multilateral action is needed,“ she expressed, adding that the FATF is increasingly focusing on cryptocurrencies.

German police this week shut down an online marketplace that was selling huge amounts of illegal drugs in exchange for cryptocurrency. Europol said the site, called DarkMarket, operated on a hidden part of the internet known as the darknet and was used by 2,400 suppliers to sell more than 140 million euros worth of drugs using cryptocurrencies, including bitcoins and monero. Europol said the site was the world’s largest illegal darknet marketplace, adding that German police arrested a 34-year-old Australian, who is the alleged operator of the site, and seized more than 20 computer servers in the territories of Moldova and Ukraine.

In the UK, the FCA said it was concerned about unauthorised investment schemes offering super profits in the cryptocurrency market and the high level of price volatility in this market, while consumers cannot count on UK regulators to protect them from losses associated with cryptocurrency investments.

A source close to the FCA said the authority was primarily concerned about the way it advertises. „It has nothing to do with the actual movement of bitcoin prices. But we understand that price hikes in crypto-assets such as bitcoin could increase consumer interest in these assets and related investments,“ the source expressed concern.