Episode Details

01st Feb Crypto & Coffee at 8
💥 FED- Interest Unchained & Crypto 🔻😱 Ripple co-founder hacked — $112 million 💔India’s Love/Hate for Crypto 🚔UK police seizes £1.4bn of #BTC

💥 FOMC has decided to maintain the target range for the federal funds rate at 5–1/4 to 5–1/2 per cent. In considering any adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks Official info via Federal Reserve Board here https://lnkd.in/dysvCU6q

❗ We strongly recommend that you listen to the full explanation of the decision by Jerome Powell here https://lnkd.in/dWSpMMQY.

🎙️ Since the announcement, the price of #BTC and #Cryptocurrency market has gone down.

- Timothy Enneking, managing director of Digital Capital Management said ‘Satoshi Nakamoto Is Rolling Over In His Grave’ As Traders Watch Fed more info via Forbes here https://lnkd.in/dHia6uH2

- Cointelegraph article here states Bitcoin price stumbles after Fed dashes hopes for rate cuts in March https://lnkd.in/dH6Td8MS

🎙️ Check out Blockchain DXB Crypto& Coffee at 8 we will share our commentary on this. We use ChatGPT to explain how Feds decision will impact the price of Bitcoin and Cryptocurrency

🥶 Ripple co-founder and executive chairman, Chris Larsen, revealed on Wednesday that hackers stole approximately $112 million worth of XRP, the cryptocurrency associated with Ripple, from his crypto wallet. The incident occurred on Tuesday, and Larsen personally confirmed the loss via Twitter (now X) here https://lnkd.in/d7mNVfrn . He stated that we were quickly able to catch the problem and notify exchanges to freeze the affected addresses. Law enforcement is already involved.

🚨 In India, the government has decided to maintain high taxes on cryptocurrency transactions despite hopes for a change. The current tax structure includes a 30% tax on profits and a 1% Tax Deducted at Source (TDS) on all crypto transactions. The Finance Minister, Nirmala Sitharaman, announced the budget without making any adjustments to these controversial taxes. More info via Cointelegraph article here