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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 1-7

Fed increases interest rates by 50 basis point to reduce inflation

The United States Federal Open Market Committee voted on Wednesday to raise interest rates 0.5%. It was the largest increase in rate since 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 $30 million civil penalty by Court

SEC increases unit size to double down on regulation of cryptography

The worst day of trading since 2020: Drops to $35.5K due to a Dow correction of 1,000 points

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

To block banks’ new offerings of crypto, Argentina’s central bank takes action

Blockchain games take on the mainstream: Here’s how they can win

The blockchain technology has begun to show up in every part of the house slowly.

The creator economy will explode in the Metaverse, but not under Big Tech’s regime

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