Bitcoin Hovers Below $27K as Fed Chair Powell Makes Modestly Dovish Comments

“The financial stability tools helped to calm conditions in the banking sector. Developments there, on the other hand, are contributing to tighter credit conditions,” says U.S. central bank chair Jerome Powell in a Friday panel.

• 2023-05-20
• Jerome Powell Ben Bernanke Thomas Laubach Research Conference rate hikes banking sector Bitcoin market capitalization CoinDesk

Balaji Closes Bitcoin Bet With $1.5M in Donations, Including $500K for Bitcoin Core Development

Amid the initial bank failures in the U.S., the tech entrepreneur in mid-March had bet $1 million that bitcoin would hit $1 million within 90 days.

• 2023-05-03
• Balaji Srinivasan Silicon Valley Bank Signature Bank Silvergate Bank Ben Bernanke global financial crisis chief technology officer Federal Reserve Andreessen Horowitz