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Blockchain DXB: 🔴 30th Jan 🔴 FOMC - Intrest Unchanged 📝Trump Media - Truth.Fi ❗Crypto.com to Delists USDT 🏦Czech National Bank Governor Considers Adding BTC 🔵Gary Gensler returns to MIT
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30th Jan: Blockchain DXB Podcast 🎙️
🚨FOMC - Intrest Unchanged 📝Trump Media - Truth.Fi ❗Crypto.com to Delists USDT 🏦Czech National Bank Governor Considers Adding BTC 🔵Gary Gensler returns to MIT
FOMC - Intrest Unchanged
🚨 Federal Reserve Board issues FOMC statement. Official informaiton here https://shorturl.at/gFa5V We strongly recommend watching the Fed Chair Jerome Powell conference via YouTube here.
- The Fed has decided to keep the federal funds rate at 4.25% to 4.5% and will continue reducing its holdings of Treasury and mortgage-backed securities. It will carefully assess economic data and adjust monetary policy if necessary to support its goals of employment and inflation control. The final question was about Crypto. Powell replied Banks are perfectly able to serve Bitcoin & Crypto
❗ How will the Bitcoin & Crypto market react to this news? Check out the Blockchain DXB episode we share our commentary on this
🔮 Trump Media & Technology Group TG Launches Truth.Fi Brand, Plans to Build Investment Vehicles: Based on America-First Principles
TMTG is launching Truth.Fi, investing up to $250M in SMAs, ETFs, Bitcoin, and crypto with Charles Schwab advising. CEO Devin Nunes says it aligns with their America-First vision. The initiative aims to build a censorship-free financial ecosystem, with a 2025 launch pending approvals. More info via Global Newswire https://shorturl.at/bjzre
🔴 Crypto.com will delist Tether’s USDT and nine other assets in the EU to comply with the Markets in Crypto Assets (MiCA) regulations. Assets include Wrapped Bitcoin (WBTC), PayPal USD, DAI, and staked versions of ETH and SOL. Coinbase delisted USDT in December for similar reasons.
- Jan 31: USDT purchases will be suspended.
- Mar 31: Users must convert non-compliant assets, or they’ll be automatically swapped for MiCA-compliant alternatives. More info via DLNews https://shorturl.at/DtvT7
🏦 Czech National Bank (CNB) Governor Aleš Michl plans to propose allocating 5% ($7B) of reserves to Bitcoin this Thursday. He cites diversification, low bond correlation, and growing institutional interest following BlackRock's ETF launch. While still in the analysis stage, Michl acknowledges Bitcoin's volatility but sees potential value. If approved, CNB could become the first Western central bank to hold BTC. The bank could eventually hold as much as 5% of its 140 billion euro ($146 billion) reserves in bitcoin, he said. Reuters https://shorturl.at/fSamN
👨🏼⚖️ Former SEC Chair Gary Gensler was named Professor of the Practice at the MIT Sloan School of Management. He is rejoining MIT Sloan as a Professor of Practice, focusing on AI, finance, fintech, and