Yesterday Jerome Powell, Chairman of the Federal Reserve, issued a series of important comments related to the crypto market, specifically Dogecoin and the CBDCs.
Jerome Powell on Dogecoin and CBDCs
During a press conference, Yahoo Finance reporter Brian Cheung consulted with Fed Chairman Jerome Powell regarding the recent price increases of the crypto meme, Dogecoin.
“Some of the asset prices are high. You are seeing things in the capital markets that are a bit frothy. That’s a fact, ”Fed Chair Powell says in response to a question from @bcheungz. “The overall financial stability picture is mixed, but on balance it’s manageable.” pic.twitter.com/6ZbiFDIQmW
– Yahoo Finance (@YahooFinance) April 28, 2021
Specifically, Cheung asked whether low interest rates and monetary policy in the United States have contributed in a very particular way to this event. Faced with the question, Powell replied, “Some of the asset prices are high. They are seeing things in the capital markets that are a bit frothy. That is a fact… I will not say that it has nothing to do with monetary policy, but it also has a lot to do with vaccination and the reopening of the economy.
It is worth explaining that when you use the term “frothy,” you are referring to assets that have been separated from their intrinsic value, which refers to the true value of an asset.
But, in addition, in statements to CNBC, Powell assured that basically the CBDC are now a reality. However, he stressed that he prefers to delay before presenting a crypto product just because other countries are making progress on the issue.
Ripple plans to go public
During an earnings call yesterday, Yoshitaka Kitao, CEO of the SBI Group, assured that Ripple, the crypto firm behind XRP, plans to go public.
In this regard, Kitao assured the following: “After the current lawsuit, Ripple will go public. The current CEO wants to do that. Chris wants to do that.
It is worth remembering that the SEC previously filed a lawsuit against Ripple Labs, Brad Garlinghouse and Chris Larsen for the sale of the crypto XRP as it was considered an unregistered security.
Mastercard will contribute to the crypto development of CBDCs
Today the firm announced that it plans to increase its participation in the crypto industry and, in addition, in the development of CBDCs.
They basically reported having established a number of partnerships that seek to help the world’s banks develop digital assets. Therefore, specifically Mastercard is investing in crypto smart contracts.
Mercado Libre integrates the leading cryptocurrency as a payment currency
The trading platform announced yesterday that it had enabled an exclusive section for the purchase / sale of real estate through the leading crypto.
«Mercado Libre launched the first 100% crypto section within the platform, dedicated to the sale of real estate. The offer includes apartments, houses, townhouses, lots and land, among others, both in the City of Buenos Aires, Greater Buenos Aires, Santa Fe and Córdoba ”, explained the press release.
In this sense, Juan Manuel Carretero, Commercial Manager of Vehicles, Properties and Services, assured that the leading crypto offers multiple benefits.
In a few lines …
Now Coinbase will allow you to buy the crypto through PayPal. It claims to be a simple way to enter the crypto market. Justin Sun, founder of Tron and CEO of BitTorrent, tokenizes Pablo Picasso in NFT format, valued at $ 20 million. Bitcoin’s hashrate seems to be recovering slowly, but surely as the miners in China migrate.
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