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Dubai Crypto & Coffee at 8 ☕ 🚨 Dubai: 27th July 🚨 💥Federal Reserve Board raises interest to a 22-year high! ❌Binance withdraws from Germany + introduces FDUSD ❌Chinese & Indian support for CBDC
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27th July: Crypto & Coffee at 8 🎙️
💥Federal Reserve Board raises interest to a 22-year high! ❌Binance withdraws from Germany + introduces FDUSD ❌Chinese & Indian support for CBDC 💎 Reddit, Inc. launches more Polygon NFTs
❗ FED chair Jerome Powell announced a 25 bps interest rate hike. This marks the 11th rate increase in the Federal Reserve’s latest rate-hiking cycle. It also brings the benchmark borrowing rate to a range of 5.25% and 5.5%. It’s the highest level for the upper bound of the range since 2001. We strongly recommend watching the full video here via YouTube https://lnkd.in/d3y-qr_C
🔴 The Big question: How does it impact the price of Bitcoin? The prices usually fluctuate 3 to 4 hours after the announcement as Fakenews mainstream media tend to put their own narrative
- CNBC states Bitcoin & Ethereum hold steady after Fed announcement https://lnkd.in/dva6H2FP
- Barron’s few hours before the announcement said Bitcoin Is Steady Ahead of Fed Decision on Rates. Dogecoin Rises. https://lnkd.in/duhf3rUx
- CoinDesk states Bitcoin Steady at $29.3K After Fed Rate Hike and Powell Press Conference https://lnkd.in/d8rdnJh4
🎙️ Check out Blockchain DXB’s crypto & coffee at 8 podcasts where we explore this news in detail
❌ 2023- Terrible year for Binance
❗ Binance informed its users via blog post that it added a brand-new stablecoin called FDUSD. Blog here https://lnkd.in/dra8BGNv However they later published a subsequent blog post indicating the postponement of FDUSD trading pairs due to liquidity providers grappling with “technical issues update here https://lnkd.in/dq35qFnu
❗ Germany withdrawal
- Binance has withdrawn its application for a license from German financial regulator BaFin, the company told CoinDesk. The move follows a retrenchment from markets including Austria, Belgium and the Netherlands, and as its U.S. arm is sued by regulators for operating an unregistered exchange. Article here https://lnkd.in/d3kaK5zr
❤️ China + India Love for CBDC ❌ for Crypto
❗ The CFA Institute asked members around the world how they felt about CBDCs. Chinese, and Indian investment professionals show strong support for CBDC. Survey findings here https://lnkd.in/dn9gPZJy