Banking Crisis Fears Reignited as US Federal Reserve Raises Rates

Written by ulriklykke | Published 2023/05/11
Tech Story Tags: banking | bitcoin | crypto-news | blockchain-technology | technology | technology-trends | finance | governance

TLDRThe US Federal Reserve raised rates by 0.25% last week, increasing its benchmark rate to between 5% and 5.25%. Bitcoin set a new all-time high record in daily transactions, thanks to the growing popularity of ordinals. The Biden administration is proposing a new tax called the Digital Asset Mining Energy (DAME) excise tax.via the TL;DR App

no story

Written by ulriklykke | Author of the Bitcoin Global Macro, a newsletter focusing on digital assets, macro insights & investment ideas.
Published by HackerNoon on 2023/05/11