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Jerome Powell will remain chairman of the world’s most powerful central bank — and that’s good news for crypto. On the news yesterday, bitcoin (BTC) rallied $2,400 in just 15 minutes to hit $93,900. As of publication time, total crypto market capitalization is over $60 billion higher than when President Donald Trump declared he had “no intention of firing him.” Markets immediately pumping in afterhours after Trump says he "has no plans to fire Powell" and just wants Powell "more active" on rates. pic.twitter.com/lAzo4Tj7pl — Meet Kevin (@realMeetKevin) April 22, 2025 Read more: Donald Trump’s tariff chaos leads to corruption accusations According to Trump’s senior advisors, the president would have had extreme difficulty firing Powell without sufficient cause anyway. As such, efforts to oust him have ended, with Powell remaining the lead US central banker, and Trump now insisting that he never had any intention of firing...

To make central bank digital currencies successful, global and local financial institutions need to invest in digital currency education, analyze various use cases, and create their digital currency strategy. Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. As cryptocurrencies like Bitcoin (BTC) continue to enter the mainstream and encapsulate people, several countries have announced initiatives to create their own central bank digital currencies (CBDCs). According to the International Monetary Fund (IMF), nearly 100 countries are actively evaluating CBCDs, and some have already started to roll out these initiatives. CBDC Tracker | Source: Atlantic Council Additionally, central banks worldwide are investigating the practicalities of establishing CBDCs of their own. Digital currencies are surging in popularity for a variety of reasons. They are considered more secure and less...