23/03/2023
23_03_2023
EXCLUSIVE FROM CRYPTOY ₿
- OVERALL REVIEW:
🔸 White House blasts digital assets in new report, sees little value in crypto.
🔸🇷🇺 Russia to use Chinese yuan instead of US dollars to settle trade with Asia, Africa, and Latin America.
🔸🇺🇸 Federal Reserve raises interest rates by 25bps.
🔸🇺🇸 FED Chair Jerome Powell says "process of getting inflation down has a long way to go, it will be bumpy."
🔸🇺🇸 FED Chair Jerome Powell says "the banking system is safe."
🔸🇺🇸 Federal Reserve Chair Jerome Powell says FED officials "don't see rate cuts this year."
- CRYPTO REVIEW:
🔸BTC volatility outpacing ETH's for the first time in over a year.
🔸Coinbase blog: "We asked the SEC for reasonable crypto rules for Americans. We got legal threats instead."
🔸Kraken to suspend ACH deposits and withdrawals following Silvergate shutdown; no other services will be affected by this change.
🔸FTX to collect $404 million in proposed deal with Modulo.
🔸🇺🇸 SEC sues Tron founder Justin Sun, citing fraud and market manipulation.
🔸🇺🇸 SEC sues YouTuber Jake Paul for illegal promotion of cryptocurrencies tied to Tron founder Justin Sun.
🔸BTC is down 5% after FOMC.
