CoinDesk Podcast Network8 Mar 2023

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 Bitcoin Rebounds Above $22K, Equities Struggle After Fed Chair Powell Says Rates Are ‘Likely to Be Higher’ Coinbase Starts ‘Wallet as a Service’ Companies Can Build Into Their Own Apps - 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.” - Are you building the next big thing in Web3? Apply to pitch your project live on stage at the CoinDesk Pitchfest Powered by Google Cloud at Consensus, the industry’s most influential event happening April 26-28 in Austin, Texas. Apply by March 31 for a chance to be among the twelve finalists selected to pitch. Visit consensus.coindesk.com/pitchfest for more information. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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