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The report from the U.S. Federal Deposit Insurance Corporation also showed that one in eight shoppers using buy-now-pay-later (BNPL) services had made a payment late or missed it on at least one purchase. The findings are contained in the latest periodic survey of "underbanked" and "unbanked" households: those with little or no access to traditional banking. The FDIC surveyed 30,000 households in June 2023 as part of a series of surveys begun in the wake of the global financial crisis that began in 2007.

The Coin50 index includes the top 50 cryptocurrencies ranked by market cap and provides a comprehensive view of industry performance.

Households on average saw inflation over the next year at 2.9%, down from 3.0% in September and the lowest estimate for near-term price increases in four years, according to the New York Fed's monthly Survey of Consumer Expectations. Inflation expectations also fell at the three-year and five-year horizons - to 2.5% and 2.8%, respectively. Those are findings likely to be welcomed by the Fed as it works to keep price pressures contained and inflation expectations anchored while it continues its policy shift to interest rate decreases.

This Bitcoin mining ETF hits a new 52-week high. Are more gains in store for this ETF?

Federal Reserve Governor Christopher Waller said Tuesday stablecoins are effectively “synthetic” dollars that can bring benefits to the financial system. Waller said these digital assets linked to the dollar “could have a lot of potential benefits” and “eliminate” inefficiencies in the financial system, as part of comments before The Clearing House Annual Conference 2024, held in New York.

Singapore-based artificial intelligence company Genius Group said it has adopted bitcoin as its primary treasury asset, committing 90% of its current and future reserves to be held in the largest cryptocurrency.

Trump's victory presents a unique opportunity to reshape regulation and ensure no future SEC Chair can hamstring the industry again. Expect pushback.

(Bloomberg) -- Sean McNulty frets about not having enough time to work on his bench press. Raagulan Pathy is starting to think about buying an Aston Martin.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictFrom New York to Singapore, cryptocurrency traders large and small are pulling all-nighters and f

"A regime shift is underway," said one crypto hedge fund manager.

NEW YORK (Reuters) -Federal Reserve Governor Christopher Waller said on Tuesday that he believes the private sector should take the lead when it comes to payment sector innovations. "What is the fundamental market inefficiency that would be solved by government intervention and can only be solved by government intervention?" Waller asked, noting that "if there isn't a satisfactory answer, then I believe government shouldn't intervene in private markets." Waller did not comment on the monetary policy and economic outlook in his prepared remarks, which centered on the role the Fed plays in the payment system.