2022-01-27

Daily Digest – January 27th

• The Fed Prepares to Hike Rates in March, Bitcoin Reacts to Policy Decision

• Coinbase Prepares Listing for Solana Ecosystem Tokens Ahead of Proposed Network Upgrade

• Crypto Money Laundering Grew By 30% in 2021, DeFi Involvement Rises

• Reddit Tests NFT for Profile Pictures, YouTube to Introduce NFT Feature

Federal Reserve Would Raise Interest Rates in March and Sell Bonds

US Federal Reserve Chairman Jerome Powell spoke on Wednesday about the likelihood of asset purchases ending in March. It is also likely that the bank will start selling bonds, after raising the interest rate, whose first increase is estimated at a quarter of a percentage point.In a document published by the US central bank, the policy to be followed this year was outlined. The bank announced that it will begin to significantly reduce bond holdings on its balance sheet, although it did not specify when...

Meta Reportedly Shopping Its Share of Battered Stablecoin Diem

It’s been a brutal three years for the Diem Association – the consortium funded by Meta/Facebook and others – that sought to originally launch a cryptocurrency called Libra in 2019. The Association tabled that idea and reconfigured the project to be a dollar-backed stablecoin called Diem. That pivot was necessary after Facebook CEO Mark Zuckerberg was called before Congress and defended the original Libra project. However, Zuckerberg’s testimony didn’t help his situation and regulatory pressure mounted...

Russian President Vladimir Putin Sees Benefits in Crypto Mining. A Ban Less Likely?Raising claims of its potential financial stability risks, Russia's central bank proposed a blanket ban on the use, trading, and mining of all cryptocurrencies within its borders.

Binance Suspends Accounts in Africa, #BinanceStopScamming Becomes a Popular Tweet

There have been over 130 tweets in the last hour asking Binance ‘to stop scamming,’ as the world’s largest crypto trading platform suspends or blocks accounts of African, mostly Nigerian users.Other people posted that “scammers should stop complaining about being scammed,” and that the closed accounts are of those who committed fraud or are related to scams. Some users who retweeted the hashtag and actively accused Binance of stealing were promoting the “Crypto Africa Bet” betting website...

That's you all up to date. But if you're hungry for more crypto news and insights, there's always more on our website.And feel free to reach out to us at [email protected] with any questions or comments.Until next time,Tadas