The Federal Reserve has raised interest rates by 0.5%. but will continue to increase the federal funds rate to reach its 2% inflation target. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

December 15, 2022 December 15th 📈 30 Second Cryptocurrency Price Summary Current Bitcoin Price: $17,387 Bitcoin price has tumbled back down to the lower $17,000s, following what appeared to be a strong upward move yesterday. Top-20 altcoins are also mostly down, as Ethereum falls 5%, BNB drops 3% and Litecoin also suffers a 5% decline. Top Stories for December 15, 2022 🔥 👉 Federal Reserve Raises Rates 0.5%, More Hikes Still On The Table The Federal Reserve has raised interest rates by 0.5%. but says it will continue to increase the federal funds rate to reach its 2% inflation target. The Fed's latest statement shows that it expects the 2023 unemployment rate to average 4.6%, equating to hundreds of thousands of more jobless workers compared with the current rate of 3.7%. This announcement comes as the Labor Department reported that annual inflation clocked in at 7.1% in November, the lowest reading in over a year. 👉 UN Launches Blockchain Solution To Distribute Aid To Ukrainians The United Nations High Commissioner for Refugees (UNHCR) is launching a blockchain-based program to distribute cash to Ukrainians affected by the ongoing Russian invasion. The program will be piloted in Kyiv, Lviv, and Vinnytsia. Participants will need to download Vibrant, a Stellar-based mobile digital wallet, to receive the well-known USDC stablecoin, a dollar-pegged stablecoin. They will then be able to convert the USDC to U.S. dollars, euros, or local currency and withdraw their funds at MoneyGram locations around the world. 👉 Coinbase Launches Asset-Recovery Tool Mistakenly Sent Tokens Coinbase has launched a recovery tool for approximately 4,000 unsupported ERC-20 tokens. If a user has mistakenly sent unsupported tokens to their Coinbase address, the company will help recover those tokens for a fee. Coinbase charges a 5% fee for recovering assets worth over $100, and a separate network fee applies to all recoveries. The feature is not available for Coinbase's Japan and Prime (or institutional) customers. Update your email preferences or unsubscribe here © Bitcoin Daily 603 Munger Avenue Suite 100 #1006 Dallas, Texas 75202, United States Publish on beehiiv