One in 10 U.S. adults said they bought or held cryptocurrency as an investment in 2025, according to a Federal Reserve study of the economic well-being of U.S. households. That’s up 25% over the 8% that bought or held crypto in 2024. It’s still down from the 12% that bought or held crypto in 2021, before the FTX-induced crypto winter. Just 2% of adults said they used cryptocurrency to buy something or make a payment. That held relatively steady over the past five years. Using cryptocurrency for remittances by sending money to friends or family has held steady at 1% of the adult population. Of those who used cryptocurrency to…
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Cryptocurrency Market Sees Drops Across the Board
Federal Reserve’s December meeting and Kazakhstan protests cause major dips in the market for the first week of 2022
Leading cryptocurrencies fall over 10% Over the last seven days Ethereum (ETH) has fallen 13.3%, Binance Coin (BNB) 12.4%, and Bitcoin (BTC) by 10%. Both BTC and ETH hit three months lows, and still have yet to recover. Few coins have seen gains in the last week, Chainlink (LINK) and Cosmos (ATOM) being exceptions. The market cap of the whole crypto market has been in decline since the middle of November. The market saw a major dip in early December, and then continued the slow decline. Now in early January the market has once again seen a significant drop. Even with the market dipping in December, it still seemed bullish.…
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The government can't build a digital dollar without help, according to Federal Reserve Chairman Jerome Powell (Photo: Wikipedia)Building digital dollar requires private sector’s help: Fed Chairman
Jerome Powell told an international financial conference that ‘the private sector has the experience and expertise’ needed to help build digital currencies
The chairman of the Federal Reserve said today that the U.S. government will have to work with private firms to improve the way money is moved around the world. Speaking via video at a Bank for International Settlement (BIS) conference in Basel, Switzerland on March 18, Jerome Powell acknowledged that the current system of cross-border payments needs to be improved and digitalized. He said: “The COVID crisis as brought into even sharper focus the need to address the limitations of our current arrangements for cross-border payments.” It has, he said, “shined a light on the less efficient areas of our current payment system and accelerated the desire for improvement and digitalization.” A key…
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Janet Yellen clarifies crypto stance: Only wants to curtail ‘malign activities’
‘I think it important we consider the benefits of cryptocurrencies and other digital assets,’ the pick for U.S. Treasury Secretary says
The former U.S. Federal Reserve chair said that she wanted to “curtail” the use of digital assets—amid concerns that it could be used for money laundering and the financing of terrorism. But in a written submission to the Senate Finance Committee, Yellen’s approach to Bitcoin and other digital assets seemed to be a little softer.
