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Stocks And BTC Crash After Yellen’s Statements On Rising US Interest Rates

The stocks and BTC, and other cryptocurrencies crashed after the US Treasury Secretary Janet Yellen said that we can expect to rise in the US Interest rates so let’s find out more in our latest crypto news. Janet Yellen talked about a rise in the US Interest rates and she initiated a quick panic episode on the crypto markets. The panic episode caused the markets to close the day with red candles and we saw even stocks and BTC, and the rest crash on the market. In a videoconference with The Atlantic, Janet Yellen signaled that Biden’s administration could raise…

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Fed to Keep Rates Near Zero, Treasury Purchases to Continue, Powell Expects ‘Transitory’ Inflation

In a policy meeting on Wednesday, the U.S. Federal Reserve told the public that monetary easing will continue and the benchmark interest rate will be kept near zero. Just like previous statements from Federal Open Market Committee (FOMC) members, the committee within the central bank is not concerned about inflation and says that it should only have “transitory effects” on the American economy. Inflation to Have ‘Transitory Effects,’ While ‘Recovery Is Uneven and Far From Complete’ The most recent FOMC meeting held on Wednesday was no different than the past number of committee gatherings which explained that the central bank…

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As Fed Commits To Holding Interest Rates At 0%, More Investors Will Turn To Bitcoin

The Federal Reserve has committed to keeping the fund rate at zero or near zero, maintaining the bull case for bitcoin. During today's Federal Open Market Committee (FOMC) press conference, Chair of the Federal Reserve Jerome Powell maintained that the Fed will keep its fund rate unchanged at 0.00% to 0.25%. Powell also confirmed that the Fed will maintain the current pace of balance sheet expansion with the continuation of buying $80 billion of U.S. Treasury bonds and $40 billion of mortgage-backed securities per month. The Fed’s commitment to dovish monetary policy was expected, and the ramifications of continued easy…

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Fidelity Says Bitcoin Adoption Will Keep Accelerating — ‘We’ve Reached a Tipping Point’

Fidelity’s head of digital assets says that bitcoin adoption will continue “at an accelerated pace,” noting that “we’ve reached a tipping point.” He explained that investors are increasingly drawn to bitcoin “Particularly, in an environment where we’ve seen unprecedented monetary and fiscal stimulus from central banks and governments in response to the pandemic.” The Tipping Point of Bitcoin Adoption Tom Jessop, president of Fidelity Digital Assets at Fidelity Investments, talked about bitcoin adoption Wednesday during an interview at Marketwatch and Barron’s “Investing in Crypto” event. Jessop is also head of Corporate Business Development for Fidelity Investments. The Fidelity executive says…

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‘Price of Tomorrow’ author says Bitcoin is a ‘lifeboat’ amid financial turmoil

Escalating debt and inflation could result in years of stormy weather for global economies Renowned entrepreneur and author, Jeff Booth, has endorsed Bitcoin as a ‘“must have” investment in times when central banks are exacerbating the escalating debt problem. The comments came in a tweet thread discussing the notion that central banks believe they can somehow escape a massive debt problem by exponentially adding more debt. 6) In my humble opinion - Bitcoin is a "must" Not just for your wealth but as a lifeboat. Please do your own research. Follow @PrestonPysh @johnkvallis @RaoulGMI @APompliano @Breedlove22 @princey1976 @PeterMcCormack @MartyBent @LynAldenContact—…

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Fed expects near 0% interest rates for years, potentially boosting BTC’s value proposition

Bitcoin keeps looking better and better each time the U.S. devalues its own currency. The U.S. Federal Reserve's game plan going forward includes short-term interest levels between 0% and 0.25%, as decided by Fed brass in a Sept. 15 and 16 gathering.  The independent body plans to maintain low interest rates in order to increase inflation, based on a Sept. 16 report from CNBC. Such news shines a light on Bitcoin as a store of value. The blockchain-based currency is largely immune to such actions, as it is protected against inflation by its permanent cap of 21 million coins.  A…

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Celsius Network Now Offers up to 15.89% APY on 12 Stablecoins

Celsius Network, the industry-leading cryptocurrency rewards-earning platform, announces today it has increased reward rates on all stablecoins enabling customers to earn between 11.55% – 15.89% APY. Customers can earn up to 35% more on their digital dollars when choosing to earn in the app’s native CEL token or earn rewards in-kind at the listed rate. The Celsius platform currently supports twelve stablecoins pegged to various stable currencies around the world allowing anyone to take advantage of double-digit yield on their dollars. Celsius is able to offer the industry’s highest rates on stablecoins because of increased demand for such digital assets.…

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Aave Protocol Outpaces Maker With $1.4B Locked, Defi Project Granted UK Electronic Money License

The decentralized finance (defi) open-source protocol built on Ethereum, Aave, has surpassed the Maker Dao project in terms of total-value-locked (TVL) this week. The lending and borrowing platform Aave has $1.43 billion locked on Tuesday climbing 7.7% in the last 24-hours. On August 25, the defi project Aave (the Finnish word for ‘ghost’) has seen it’s TVL supersede the Maker Dao project. Essentially Aave is an open-source, noncustodial protocol that has allowed individuals to stake credit lines by leveraging a myriad of digital assets. After the first month of launch, Aave’s protocol TVL had over $5 million in liquidity locked…

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How will Bitcoin effect global GDP, employment levels, interest rates and financial stability?

I'm currently in the process of writing an open essay called Money in the Twenty-First Century and am now researching how Bitcoin's fixed supply of coins could effect GDP, employment levels, interest rates and financial stability globally. Does anyone here have any views on the matter or know of any studies which maybe able to help me answer my question?

Continue Reading How will Bitcoin effect global GDP, employment levels, interest rates and financial stability?

How will Bitcoin affect global GDP, employment levels, interest rates and financial stability?

I'm currently in the process of writing an open essay called Money in the Twenty-First Century and am now researching how Bitcoin's fixed supply of coins could affect GDP, employment levels, interest rates and financial stability globally. Does anyone here have any views on the matter or know of any studies which maybe able to help me answer my question?

Continue Reading How will Bitcoin affect global GDP, employment levels, interest rates and financial stability?

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