Hodler’s Digest, May 1-7 -Breaking
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US Fed hikes interest rates, Bitcoin plunges below $36K, and Argentina’s central bank says no to financial institutions offering crypto: Hodler’s Digest, May 1-7In an effort to fight inflation, the Fed raises interest rates 50 basis points
The United States Federal Open Market Committee voted on Wednesday to increase the interest rate by 0.5%. It was their largest upward adjustment for over 20 years. The increase was the second in 2022. Seven more rate increases are expected for this year.
Jerome Powell, Federal Reserve Chair, reiterated the necessity to keep raising interest rates in order to fight inflation at a press conference after the FOMC meeting.
Coinbase (NASDAQ 🙂 received the first Bitcoin loan from Goldman Sachs.
Binance pledges 500M to invest in Twitter (NYSE.)
BitMEX founders ordered to pay $30M civil fine by Court
SEC expands unit to increase crypto regulation
Drops to $35.5K after a 1,000-point Dow correction is the worst trading day since 2020
Warning: Smartphone text prediction guesses crypto hodler’s seed phrase
DeFi has been used to exploit more than $1.6 Billion so far in 2022
The Argentine central bank intervenes to stop banks from offering new crypto products
Blockchain games take on the mainstream: Here’s how they can win
Blockchain technology slowly but surely is starting to make its way into every room in the house.
The creator economy will explode in the Metaverse, but not under Big Tech’s regime
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