The U.S. Federal Reserve announced plans to taper its $120-billion-a-month in bond purchases, taking the first step toward winding down a post-coronavirus money-printing program that has inspired many investors to buy bitcoin as a hedge against inflation. The Fed said Wednesday in a statement that it will reduce the pace of asset purchases by $15 billion a month…

Kroger Co said on Friday a press release touting the acceptance of bitcoin cash at its stores this holiday season is fraudulent, making it the second major retailer in recent weeks to get entangled in a crypto hoax. The release appeared on Kroger’s investor relations page, and was later deleted. The company said the page,…

Senator Pat Toomey, ranking member of the Senate Banking Committee, says he’s prepared to fix the broad definition of a cryptocurrency broker that’s contained within the Biden administration’s infrastructure bill bogged down in Congress. The comments come as the House is pushing for an imminent vote on a $550 billion so-called “hard” infrastructure bill, which would invest in…

Ethereum Ethereum fell by 1.50% on Thursday. Reversing a 0.26% gain from Wednesday, Ethereum ended the day at $4,537.15. A mixed start to the day saw Ethereum rise to an early morning intraday high $4,610.24 before hitting reverse. Falling short of the first major resistance level at $4,700, Ethereum slid to a late afternoon intraday low…