Crypto News
No Rate Cuts Yet: Fed Maintains Rates at Historic Highs
The U.S. Federal Reserve has opted to maintain the federal funds rate target range at 5.25-5.5%, according to the latest report from the Federal Open Market Committee (FOMC). The committee noted that while inflation has eased over the past year, it remains somewhat elevated, with the overarching goal being to bring inflation down to theSource link
The Protocol: Bitcoin Gets Political as U.S. Government Ponders Airdrops
In this week's issue of CoinDesk's newsletter on blockchain tech, we examine U.S. Senator Cynthia Lummis's call for a national "Bitcoin Strategic Reserve." We've also got photos from the Bitcoin Nashville conference, where it seemed like nearly everyone was talking about staple-gunning layer-2 networks onto the original blockchain.Source link
Fed Holds Policy Steady, Expresses More Caution Than Expected on September Rate Cut
Fed Holds Policy Steady, Expresses More Caution Than Expected on September Rate CutSource link
Bitcoin Barely Budges as Federal Reserve Keeps Interest Rates Steady
Investors were expecting the Fed to hold interest rates steady. Now, all eyes are on what the central bank’s chief will say.Source link
Bahamas Passes Crypto Law Designed to Prevent FTX, Terra Disasters
Following the collapse of FTX and Terraform Labs, The Bahamas has introduced crypto regulation to prevent a repeat.Source link