THE HASH: Bitcoin Hovers Around $22K as Fed's Powell Softens Tone; Coinbase Launches 'Wallet As a Service'
The most valuable crypto stories for Wednesday, March 8, 2023.
Bitcoin (BTC) is hovering around $22,000 as Federal Reserve chair Jerome Powell stressed that the central bank has yet to make a decision on the size of the rate hike when the Federal Open Market Committee (FOMC) meets later in March. Powell is testifying before the House Financial Services Committee for his semi-annual monetary policy report. Separately, Coinbase is launching a "wallet as a service" business that will enable companies to customize their blockchain wallets for their own customers. "The Hash" panel weighs in on today's top stories.
See also:
Federal Reserve’s Powell: We Don’t Want to Strangle Crypto Innovation, but Sector Is a Mess
Fed Chair Powell's Comments Shift Rate Projections; Bitcoin Holds Warily
Coinbase Starts ‘Wallet as a Service’ Companies Can Build Into Their Own Apps
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This episode has been edited by Ryan Huntington. The senior producer is Michele Musso and the executive producer is Jared Schwartz. Our theme song is “Neon Beach.”
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