The growing popularity of cryptocurrencies on a global scale continues, indicating the ongoing development and adoption of cryptographic technologies in various countries worldwide.
Review of the past week:
| September 17, 2024 |
Over the last year, Circle has taken concrete steps to make USDC faster, cheaper and easier to get in global markets where demand is highest. USDC is now available in Brazil and Mexico through national, real-time payment systems – marking a major milestone – through integrations with leading banks in these countries. Read more |
| September 18, 2024 | Federal Reserve cuts interest rate by 0.5%
The Fed’s first interest rate cut since March 2020 lowers the benchmark federal funds rate to a range of 4.75% to 5%. Read more
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| September 19, 2024 | The American state of Louisiana has begun to accept cryptocurrency as a legal form of payment for government services.
Louisiana residents will now have the option to pay for state services from their private, secure crypto wallets. These popular types of cryptocurrencies will be accepted: Bitcoin, Bitcoin Lightning, and USD Coin. In fact, the first cryptocurrency payment was made today to the Louisiana Department of Wildlife and Fisheries. Read more |
| September 19, 2024 | BlackRock has published a Whitepaper
Which positions the Bitcoin ETF as a “unique diversifier” capable of hedging against fiscal, monetary and geopolitical risks. Read more |
| September 20, 2024 | MicroStrategy has acquired 7,420 BTC for ~$458.2 million at ~$61,750 per BTC
Has achieved BTC Yield of 5.1% QTD and 17.8% YTD. As of 9/19/2024, hodl 252,220 $BTC acquired for ~$9.9 billion at ~$39,266 per bitcoin. Read more |
As the crypto landscape evolves, so does the need for a reliable platform. At FYBIT, we provide the tools for your success. Don’t wait, trade with FYBIT.
Best regards,
FYBIT team
