Bitcoin dip below $40K follows Fed signal of a possible fourth rate hike in 2022
BTC’s abrupt drop to $39,650 came after the Federal Reserve floated the prospect of a fourth rate hike in 2022. Go to Source Powered by WPeMatico
Interest rate
Auto Added by WPeMatico
Analysts expect Bitcoin trend change after Fed lays out its 2022 roadmap
Traders look for a market-wide recovery now that the Fed confirmed at least 3 rate hikes and a wind down of its bond purchasing policy in 2022. Go to Source Powered by WPeMatico
Thai SEC proposes new rules for digital asset custodians
The Thai SEC is seeking public input for newly proposed crypto custody regulations until late September. Go to Source Powered by WPeMatico
Personal Savings Feature Added to West African Platform Facilitating Crypto-to-Fiat Conversion
Duniapay, a digital banking platform created by three students from Burkina Faso, has added a personal savings feature to its banking application that already provides residents from some 14 West African countries with a flexible digital platform to access financial services. Using a Stablecoin to Save The new feature, which is viewed as another demonstration … Read more
Angola Hikes Benchmark Interest Rate as Central Bank Attempts to Tame Rising Inflation
The Angolan central bank’s monetary policy committee (MPC) recently hiked the country’s benchmark interest rate from 15.5% to a record of 20%. The largely unexpected hike, which is one of the National Bank of Angola (NBA)’s attempts to curb inflation, marks the first time the benchmark rate has been increased since November 2017. Rising Inflation … Read more
Fed expects near 0% interest rates for years, potentially boosting BTC’s value proposition
Bitcoin keeps looking better and better each time the U.S. devalues its own currency. Go to Source Powered by WPeMatico
