Rates

As Interest Rates Rise, a Silent Vampire Attack on Crypto

But stablecoin issuers aren’t the only entities behind this silent vampire attack. Just as crypto has come to rely on a few centralized stablecoins, crypto firms have increasingly relied on a small number of banks for fiat services. Silvergate Bank and Signature Bank, which provide the lion’s share of banking services to major industry firms, …

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Bitcoin Rips As Fed Raises Rates By 0.75% – Bitcoin Magazine

The FOMC raised target rates for the federal funds rate by 75 basis points. Federal Reserve Chairman Jerome Powell indicated “unusually large” increases could be appropriate in future meetings. Powell also stated a period of economic slowdown will be necessary to restore price stability. The Federal Open Markets Committee (FOMC) raised its target interest rate …

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