Fed

Bitcoin Magazine claims Fed accused it of trademark violation for T-shirts

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Bitcoin Magazine claims Fed accused it of trademark violation for T-shirts

The United States Federal Reserve has issued a cease-and-desist letter to Bitcoin Magazine, accusing the publication of trademark violations. The dispute revolves around Bitcoin Magazine’s use of the word “FedNow” on merchandise such as t-shirts and hats. FedNow is the trademarked name of the Federal Reserve’s instant payment system. Bitcoin Magazine claims that the use … Read more

Bitcoin price dives 2% on US jobs data as Fed rate hike bets heat up

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Bitcoin price dives 2% on US jobs data as Fed rate hike bets heat up

Bitcoin experienced a sudden drop to $27,000 following the release of US employment data, which showed stronger-than-expected job growth. This was seen as negative for risk assets, including cryptocurrencies. However, Bitcoin quickly rebounded and the focus shifted back to the $27,700 level. The data raised the likelihood of a potential interest rate hike by the … Read more