Brazil and Mexico national payment systems, Federal Reserve cuts interest rate by 0.5%, State of Louisiana has begun to accept cryptocurrency payment, BlackRock has published a Whitepaper, MicroStrategy has acquired BTC

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

USDC now available in Brazil and Mexico through national payment systems, with local currency

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
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

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Hello, my name is Vincent Parks. I help novice traders and private investors. I write articles on trading / TA / trading psychology etc. For the past 3 years, I have been an account manager in a company that specializes in binary options. I have more than 5 years of professional experience in FX/crypto trading. My goal in life is to share my knowledge and experience with more people.