Bitcoin And Other Cryptos Plow Ahead As Fed's Powell Signals No Forthcoming Animosity

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English - October 01, 2021 19:03 - 1.91 MB - ★★★★★ - 83 ratings
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Federal Reserve chairman Jerome Powell’s words today eased wary crypto markets — Despite large companies including PayPal and Tesla working with cryptocurrency this year, the media and some bankers have given off the perception that the US central bank is sharpening its knives against crypto.

The chairman’s comments indicate those fears are unfounded, and provided comfort to large companies who want to make sure that they won’t be accepting a soon to be outlawed payment method.

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