💣Federal Reserve Board raises interest rates by 0.75% 💣+ 💥 El Salvador: A failed experiment?💥 & ⚡ Lightning Network NOT Blockchain ⚡
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28th July ⛔ Federal Reserve Board: “Inflation is a little bit hotter than anticipated & the economic activity is weaker than expected”

💥 The Federal Reserve Board raises interest rates by 0.75% (75 basis points), Official video via YouTube here. An unusually large increase is possible in the next coming months. Written document in PDF here https://bit.ly/3vjSgya

❗ Federal Reserve Board Chair Jerome Powell states 8 times ‘US is currently not in a Recession’ And a great explanation in the video on payroll & labour market conditions❗

🚨 When will the inflation be below 2%? Reuters published an article while the speech was still on that shared info on recent data showing consumer prices rising at more than a 9% annual rate Article here https://reut.rs/3zCSvar

👀 A few hours before the meeting Meta’s Oculus QuestVR 2 informed via Twitter about an increase in price by Explanation can be found via Meta’sInstagram story too$100 Tweet https://bit.ly/3OEaoty

❓ When was the last time we saw a price increase by $100 for the same product?

📊 Since the announcement, the cryptocurrency market has crossed the $1Trillion Ethereum & Ethereum the biggest gainer. Check slide no 2 below Stable coins account for 94.01% of the total crypto market 24-hour volume

Bakkt study finds nearly 50% of gig workers are open to getting paid a portion in cryptocurrencies freelance, writers, designers, developers & property renters had the highest openness rate (62%), followed by rideshare drivers (56%), and grocery shoppers (55%). More info via Business Wire here https://bwnews.pr/3PI74yT

⚡ Lightning Network NOT Blockchain ⚡ Finance Magnates articles share perspectives from the Bitcoin community & why Bitcoin maximalists believe there is no need for other cryptos, and bitcoin alone is positioned to supersede fiat. A good read. Lightning Network NOT Blockchain is a narrative slowly building in the Bitcoin & Crypto community. An interesting short read here https://bit.ly/3vkBmjh but the same Bitcoin maximalist were praising Do Kwon when he was on a buying spree of Bitcoin.

💣 El Salvador: A failed experiment? Decrypt has written an informative article that El Salvador plans to buy back bonds after President Nayib Bukele’s bad Bitcoin bets &he wants to buy back $1.6 billion in sovereign debt as the country’s finances look increasingly strained after a series of mistimed bets on Bitcoin. He mentioned via Twitter here https://bit.ly/3PEiT9i that he is sending 2 bills to Congress to authorize funding for the buybacks. . Article here https://bit.ly/3OBzzgl

UAE check slides) 💥 Komainu — Next Generation Custodian receives provisional Virtual Assets license in Dubai 💥 Blockchain DXB event on Central Bank Digital Currency: The Basics, Threats to Freedom, How it will fit in the Metaverse & more Event on the ( 26th August 2022)

For slides click here: https://bit.ly/3PQFhfs

Check out our podcast Crypto & Coffee at 8 to get a detailed analysis Podcast available here

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Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795

Cardano address:addr1qxwu4h9uw4ptc6jp4zzhvckcjua7nda9u5fkvmdfrge00n3dpznq9000nxdcvklpdtw320zku7eeju483l2pg6gtw3eqp8e4q6

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