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
Cointelegraph
Published May 07, 2022 10:43AM ET
Updated May 07, 2022 05:00PM ET
h4 /h4 h4 Fed hikes interest rates by 50 basis points in effort to combat inflation
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/h4 h4 Court orders BitMEX founders to pay $30M civil penalty/h4 h4 /h4 h4 SEC doubles down on crypto regulation by expanding unit/h4 h4 /h4 h4 Bitcoin drops to $35.5K as 1,000 point Dow correction marks the worst trading day since 2020/h4 h4 /h4 h4 Warning: Smartphone text prediction guesses crypto hodler’s seed phrase/h4 h4 More than $1.6 billion exploited from DeFi so far in 2022
/h4 h4 Argentinas central bank steps in to block new crypto offerings from banks/h4 h3 /h3 h3 Blockchain games take on the mainstream: Here’s how they can win/h3 h3 Little by little, blockchain technology is beginning to appear around the house/h3 h3 The creator economy will explode in the Metaverse, but not under Big Tech’s regime/h3
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On Wednesday, the United States Federal Open Market Committee (FOMC) voted to raise interest rates by 0.5%, marking its biggest upward adjustment in over two decades. It was the second rate increase of 2022, with seven increases expected in total for the year.
In a press conference following the FOMC meeting, Federal Reserve Chair Jerome Powell further cemented the need to continue raising interest rates to combat inflation.
h4 /h4h4 Coinbase (NASDAQ:COIN) took out the first Bitcoin-backed loan from Goldman Sachs (NYSE:GS)/h4 h4 /h4 h4 Binance commits $500M to co-invest in Twitter (NYSE:TWTR) with Elon Musk
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/h4 h4 Argentinas central bank steps in to block new crypto offerings from banks/h4 h3 /h3 h3 Blockchain games take on the mainstream: Here’s how they can win/h3 h3 Little by little, blockchain technology is beginning to appear around the house/h3 h3 The creator economy will explode in the Metaverse, but not under Big Tech’s regime/h3
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Written By: Cointelegraph
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