Fed, ECB and Others Take Coordinated Steps to Boost Dollar Liquidity; Bitcoin Tops $28K
The Fed said it would increase the frequency of the dollar swap lines with the European Central Bank, the Bank of Japan, the Bank of England, the Bank of Canada and the Swiss National Bank from weekly to daily, starting Monday. The dollar swap lines allow foreign central banks to borrow U.S. dollars while protecting the Fed from downside risks. In a swap, a Foreign central bank swaps its own currency for an equivalent amount of U.S. dollars from the Fed at the market exchange rate. After a pre-determined time, the bank returns the dollars it borrowed, with interest, to the Fed.
Related Posts


Bulgarian Woman Charged in $4B Crypto Fraud Case, Extradited to U.S.
Its co-founder Ruja Ignatova, known as "the Cryptoqueen," hasn't been seen since October 2017. She was added to the Federal Bureau of Investigation's Top Ten Most Wanted list in 2022, with the agency offering a $100,000 reward for information leading to her arrest.

Max Boonen’s PV01 Tokenizes $5M Treasury Bill, Plans to Look at Corporate Bonds
PV01 completed its proof-of-concept issuance of a tokenized bond, a U.S. treasury bill, with market makers B2C2, BlockTower Capital and Keyrock investing.Tokenization of real-world assets like bonds have become a booming sector in blockchain industry.The company "hopes" to facilitate a tokenized corporate bond sale of a crypto firm "in the next few months," Boonen said.06:22Philippines

‘Unanimous Verdict, Your Honor’: Sam Bankman-Fried’s Conviction Was Inevitable
Sam Bankman-Fried is guilty.Twelve jurors spent less than five hours deciding the facts. They asked for portions of transcripts from Paradigm's Matt Huang and Third Point's Robert Boroujerdi testimony, as well as highlighters and Post-it Notes, and when they didn't immediately receive the version of the indictment, they requested that too.01:27Curve Finance’s Stablecoin Maintains Peg

Why the EU Has MiCA and the U.S. Has Securities Law Confusion
Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.Daniel Kuhn is a features reporter and assistant opinion editor for CoinDesk's Layer 2. He owns BTC and ETH.Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.The European Parliament went ahead and did…

Don’t Worry, Overstock’s New CEO Is Already ‘Drunk on Bitcoin’s Kool-Aid’
news Digital retail platform Overstock.com’s new CEO is not planning any major changes to the company’s blockchain efforts after the departure of its founder. Patrick Byrne, the now-former CEO of Overstock, made headlines Thursday after announcing his resignation as both the head of his company and a member of its board. He wrote in a…

BitGo Grows Crypto Custody Options With New Swiss and Germany Entities
Feb 10, 2020 at 13:25 UTCMike Belshe, CEO of BitGo, at CoinDesk's Consensus: Invest NYCBitGo is expanding its institutional cryptocurrency storage service to Europe with the launch of two new entities in Switzerland and Germany.The Palo Alto, California-based firm said Monday that the new custody options will allow clients to choose the jurisdiction that best…

Vroom! F1 Racing Game Offers First Crypto Collectable
news F1 Delta Time, a blockchain-based racing game, has just launched a new line of crypto collectables including “Cars, Drivers, and Components.” The collectables are based on the ERC-271 non-fungible token standard, which allows different attributes for each token. However, “fungible Tokens (FTs) based on the ERC-20 token standard will function as a currency in…

Polygon Labs Paid $4M to Host Starbucks’ Failed Foray Into Crypto: Sources
Polygon Labs paid $4 million to host Starbucks Odyssey, the NFT-powered loyalty program that made headlines as a crypto biz-dev coup.The deal was a hallmark of a "big and flashy" business development strategy that Polygon has since abandoned, people familiar with the matter said.Companies usually pay their tech vendors for services rendered. For Starbucks' soon-to-be-defunct