Ethereum News Daily Official TheBitTimes.com

The US Federal Reserve is preparing to join the “revolution in payments” and bring crypto “from the fringes” of finance into the mainstream. That’s according to Governor Christopher Waller, who said at the Fed’s Payments Innovation Conference in Washington on Oct. 21 that the central bank will grant stablecoin issuers and fintech firms access to its payment system through proposed “skinny” master accounts. The move underscores a dramatic shift in the Fed’s approach to digital assets and decentralized finance. Waller said technologies like stablecoins, tokenized assets, and AI are “no longer on the fringes but increasingly woven into the fabric of the payment and financial systems.” “Payments innovation moves fast, and the Federal Reserve needs to keep up,” he said. “We intend to be an active part of that revolution.” Fed Intends To Be Part Of The “Technology-Driven” Revolution In Pa...

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Top US-based crypto exchange Coinbase believes digital assets are just warming up for big rallies in the months ahead. In a new research report, Coinbase Institutional says the recent change in the macroeconomic backdrop suggests that Bitcoin (BTC) and crypto are primed for a Q4 surge. Coinbase says the Fed and the People’s Bank of China (PBOC) are now pursuing looser monetary policies – conditions that have historically been supportive of higher crypto prices. “Looking ahead, we retain a constructive outlook for 4Q24 mostly predicated on our favorable view of the current macro environment, alongside the idiosyncratic factors listed above. For example, just last week, we argued that one of the most significant implications of the Fed decision to cut 50bps (basis points) is that this provides cover for other monetary authorities to take more stimulative measures. This has been followed by China revealing a massive double fiscal and monetary stimulus p...