FED Maintains 75-point Interest Hikes, Cryptos Move Up

FED Maintains 75-point Interest Hikes, Cryptos Move Up

As was expected, the FED opted for a 75-basis-point interest hike to gain control over inflation. The Federal Reserve (FED) announced it will increase interest rates by 75 basis points. The interest announcement was made during the Federal Open Market Committee Meeting (FOMC Meeting) at 2 pm on July 27. The move marks the biggest rate hike that the agency has made since 2019, showing how serious inflation is at the moment. If the wake of the move, cryptos, gold, and stocks moved up. It looks like higher rates mean…

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Elon Musk Fires Back At Twitter with a Counter Lawsuit

Elon Musk Fires Back At Twitter with a Counter Lawsuit

Summary: Elon Musk has filed a countersuit against Twitter over the now uncertain $44 billion deal. The lawsuit was filed late Friday, July 29th, a few hours after a Judge set October 17th as the beginning of Twitter’s case against him. Tesla’s CEO and SpaceX founder, Elon Musk, has counter-sued Twitter amidst the ongoing court battle that the social media company lodged to compel him to complete his $44 billion takeover bid. According to Reuters, Elon Musk’s counter lawsuit was filed late Friday, July 29th, hours after a Judge set…

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Miami City Partners With Time Magazine, MasterCard, and Salesforce to Launch 5000 Ethereum NFTs

Miami City Partners With Time Magazine, MasterCard, and Salesforce to Launch 5000 Ethereum NFTs

Miami City Mayor has announced a new NFT venture in collaboration with Time magazine, MasterCard, and Salesforce The city will be launching 5000 ethereum NFTs designed and created by 56 local artists The venture is set to bolster local businesses and help them earn more revenue.  Miami City mayor Francis X Suarez recently unveiled plans to launch 5000 Ethereum NFTs in collaboration with Time Magazine, Mastercard, and Salesforce.  Mayor Of Miami Is Set To Launch 5000 Ethereum NFTs Per the official statement released, the Mayor of Miami has unveiled a…

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Crypto Downturn Floods Market With Rolex and Patek Watches, Trading Platform Says

Crypto Downturn Floods Market With Rolex and Patek Watches, Trading Platform Says

The latest troubles in the crypto space have allegedly led to an increased supply of second-hand luxury watches, according to a leading trading platform. As a result, prices of sought-after models by major brands like Rolex and Patek have dropped, the company revealed. Higher Supply After Crypto Crash Hurts Resale Prices of Top Watches From Swiss Brands Like Rolex The recent decline in the valuations of crypto assets has directly impacted pricing of luxury watches from Rolex, Patek Philippe and the like, a German online platform that lists hundreds of…

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