The Federal Reserve Looks for New Manager
The Federal Reserve of the United States is looking for a new manager for its Retail Payments section in Washington, D.C. In addition to that, on November 3, the U.S. central bank posted a new job opening on its website. They have announced that they are hiring a manager who can contribute to the research of digital currencies, stablecoins, and distributed ledger technologies.
Aside from the principal duties and responsibilities, the position also needs the manager to promote and contribute to the improvement and implementation of new policies, regulations, and research. Moreover, these are all related to retail payment systems.
Whoever they chose to hire will be part of the Retail Payments section. Thus, that person will oversee the Federal Reserve Bank’s check and automated clearinghouse services. Also, the new manager must facilitate research in retail payment innovation and addresses policy and regulatory issues concerning retail payment systems.
The listed maximum salary grade is federal grade 29. This indicates that the Federal Reserve is willing to pay as much as $250,700 per year.
Bitcoin in Low Volatility Weekend
Elsewhere, Bitcoin (BTC) price finished the week at $9,207, declining 3.66%. Even with an unexpected low volatility weekend, the bulls boosted Bitcoin’s price to stay over $9,000 for ten days. Also, the time of writing the price further consolidates.
As of Monday, it brought a move higher to retest $9,300, making a 1% gain. Then, EOS and Ether (ETH) have had impressive gains during the day. Moreover, EOS is trading above $3.50, while Ethereum at $185. All in all, the total crypto market cap is $249 billion. And Bitcoin is dominating with 67.2%.
Furthermore, Bitcoin closed the week under the well-established prior support at $9,550. Previously, it had found support at a weekly support level at $7,600 and the 100-week moving average (WMA).
Now, the move to retest and shortly break resistance has seen consolidation with the MACD line flattening over zero. Thus, this shows the fall in bearish momentum.