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, …
As Interest Rates Rise, a Silent Vampire Attack on Crypto Read More »
“On that point we believe that it has to respond to a cost structure so that it is viable for the installation of electric power supply,” Sosa said, adding that he wants mining companies to pay their tariffs in advance in U.S. dollars, with an annual readjustment in that currency. Source link
The Bank of England has raised interest rates by 50 basis points to 1.75%, its biggest single increase since 1995, amidst concerns that U.K. inflation will be significantly above 10% next year. Source link
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 …
Bitcoin Rips As Fed Raises Rates By 0.75% – Bitcoin Magazine Read More »