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Federal Reserve Holds Rates Steady Amid Inflation Concerns; Outlook Remains ‘Uncertain’

On Wednesday, May 1, 2024, the U.S. Federal Reserve chose to maintain the benchmark interest rates at their highest in 23 years. The Federal Open Market Committee (FOMC) members noted…

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Zimbabwe’s Central Bank Launches Gold-and Forex-Backed ‘Structured Currency’

The Reserve Bank of Zimbabwe has introduced a foreign exchange and gold-backed “structured currency” to replace the struggling local currency. The structured currency banknotes will be “fully convertible into the…

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Egypt Devalues Currency, Raises Interest Rates to Fulfill Key IMF Aid Requirement

Authorities in Egypt recently allowed the local currency’s exchange rate versus the U.S. dollar to decrease by more than 60%. Additionally, the central bank raised interest rates by 600 basis…

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Mining BTC is harder than ever — 5 things to know in Bitcoin this week

Bitcoin wakes up to near $28,000 ahead of a jump to a new BTC mining difficulty record as billionaire investor Ray Dalio conjures the chilling thought of “World War III.“

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Macro factors to spark next crypto bull market in Q2 2024, Real Vision’s Raoul Pal says

Macro factors will play a dominant role in sparking the next crypto bull market, which should start in Q2 2024, according to Raoul Pal.

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