2018-6-22 19:20 |
News
This week the Federal Reserve Bank of St. Louis added cryptocurrency to their Federal Reserve Economic Data (FRED) database.
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Federal Reserve Bank of St. Louis Adds Four Cryptos to its FRED Database
“FRED has added four series on the prices of different cryptocurrencies,” the St. Louis Federal Reserve posted without much fanfare this week, including “Bitcoin, Bitcoin Cash, Ethereum, and Litecoin.
All data were obtained from Coinbase, a cryptocurrency exchange company, whose overall digital asset performance is depicted in the above graph (Coinbase Index).”
The St. Louis Fed is one of 12 regional banks within the system, collectively constituting the most powerful central bank on the globe.
Known to be part of the 8th District, which includes midwestern Fed banks, it is also considered an economic research powerhouse.
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