Vice President Kamala Harris, at a fundraiser on Wall Street, made her first remarks about the cryptocurrency industry as part of her presidential campaign. In her speech, Harris highlighted the importance of fostering innovative technologies, including artificial intelligence and digital assets, while ensuring the protection of consumers and investors.
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The Fed is set to cut rates today for the first time in 4 years. the Fed is expected to reduce its benchmark rate, which currently stands at its highest point in 23 years, after the central bank introduced a flurry of rate hikes to tame the pandemic's high inflation. While economists are unanimous in expecting a rate cut on September 18, they're split between predicting a 0.25 percentage point cut versus a 0.5 percentage point reduction. #siamstr #nostr #Siamstr
Cryptocurrency markets surged on Thursday in response to the Federal Reserve cutting interest rates by 50 basis points. Bitcoin (BTC) and Ethereum (ETH) soared 7%, with BTC trading at $63,500 and ETH at $2,470. #siamstr #nostr #Siamstr
Today the U.S. House Financial Services Committee held a hearing entitled: Dazed and Confused: Breaking Down the SEC’s Politicized Approach to Digital Assets. Joined by Robinhood and Bitwise lawyers to discuss the SEC's predatory stance against crypto. #nostr #siamstr #Siamstr
It's been a long and bumpy road to the Federal Reserve's first interest rate cut in more than four years — a moment that could prove decisive to the finances of millions of Americans. On Wednesday, the Fed is expected to reduce its benchmark rate, which currently stands at its highest point in 23 years, after the central bank introduced a flurry of rate hikes to tame the pandemic's high inflation.#siamstr #nostr #Siamstr
On Monday, September 16, three prominent Democratic senators, Elizabeth Warren, Sheldon Whitehouse, and John Hickenlooper, pushed for a 75-basis-point (bps) Fed rate cut to safeguard the U.S. economy from a potential downturn. In a letter sent to Federal Reserve Chair Jerome Powell today, the lawmakers also emphasized that a more aggressive approach is necessary to prevent the economy from slipping into a recession. Such a move could boost the cryptocurrency and stock markets. #siamstr #Siamstr #nostr
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What will you do tomorrow? The answer is pow every day. #Siamstr #TBC2024 #Nostr
On September 11, 2024, the world’s first-ever Congressional hearing dedicated solely to DeFi, entitled “Decoding DeFi: Breaking Down the Future of Decentralized Finance”, was called by Congressman French Hill, R-AR. #siamstr #Siamstr
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MicroStrategy announced it has acquired an additional 18.3K BTC for approximately $1.11B at an average price of $60,408 per bitcoin. #siamstr #Siamstr
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The U.S. presidential debate spurs risk-off sentiment in the crypto market, according to Bitfinex analysts. Meanwhile, The UK parliament has introduced a new bill that clarifies digital assets ownership by recognizing Bitcoin and other crypto assets as personal property. #siamstr #Siamstr
United States-based spot Bitcoin exchange-traded funds (ETFs) saw net inflows of $28.6 million on Sept. 9 — breaking eight consecutive trading days of outflows. #siamstr #Siamstr
Bitcoin is a “Trump trade,” according to analysts at research and brokerage firm Bernstein. If the Republican candidate Donald Trump wins, analysts expect bitcoin to reclaim new highs and reach close to the $80,000 to $90,000 range by the end of Q4. #siamstr #Siamstr
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The brief rally in the cryptocurrency markets following Friday's U.S. jobs report quickly reversed in volatile action.
Bitcoin (BTC) jumped to $57,000 earlier today following the key report, only to the erase its gains and tumble below $55,000. The largest crypto was down nearly 4% over the past 24 hours. #siamstr #Siamstr
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