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 By Cointelegraph


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 hikes interest rates by 50 basis points in effort to combat inflation

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.

Coinbase (NASDAQ:) took out the first Bitcoin-backed loan from Goldman Sachs (NYSE:)

Binance commits $500M to co-invest in Twitter (NYSE:) with Elon Musk

Court orders BitMEX founders to pay $30M civil penalty

SEC doubles down on crypto regulation by expanding unit

drops to $35.5K as 1,000 point Dow correction marks the worst trading day since 2020

Warning: Smartphone text prediction guesses crypto hodler’s seed phrase

More than $1.6 billion exploited from DeFi so far in 2022

Argentinas central bank steps in to block new crypto offerings from banks

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

Little by little, blockchain technology is beginning to appear around the house

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

Continue Reading on Coin Telegraph



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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 hikes interest rates by 50 basis points in effort to combat inflation

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.

Coinbase (NASDAQ:) took out the first Bitcoin-backed loan from Goldman Sachs (NYSE:)

Binance commits $500M to co-invest in Twitter (NYSE:) with Elon Musk

Court orders BitMEX founders to pay $30M civil penalty

SEC doubles down on crypto regulation by expanding unit

drops to $35.5K as 1,000 point Dow correction marks the worst trading day since 2020

Warning: Smartphone text prediction guesses crypto hodler’s seed phrase

More than $1.6 billion exploited from DeFi so far in 2022

Argentinas central bank steps in to block new crypto offerings from banks

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

Little by little, blockchain technology is beginning to appear around the house

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

Continue Reading on Coin Telegraph

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