Dubai: Crypto & Coffee at 8: 🚨 15th Dec 🚨 🛑Federal Reserve Board raises interest rates by 50bps 🚨 SEC sues Atlas Trading 🔥 Netherlands tops new survey as the most metaverse-ready country ⚡ NFT 🚀
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15th Dec 🛑Federal Reserve Board raises interest rates by 50 basis points, the highest level in 15 years. The goal is to curb inflation to 2%. Following the announcement, the Dow Jones Industrial Average fell 109 points, or 0.3% after being 287 points higher earlier today; the S&P 500 dipped 0.5%.

💯 We strongly recommend watching the full video via YouTube here https://lnkd.in/dY4Xi3kQ The Labor market & job condition in the USA is definitely looking good, so it’s unlikely that we are heading towards a recession.

❌ The Guardian posted an article even before Jerome Powell started answering questions. & Incorrectly stated Fed eases the pace of interest rate rises after signs inflation may be slowing.

👀 How does this impact Bitcoin & Cryptocurrency? Not much has changed since the announcement. It would be interesting to see developments with the FTX hearing and how it impacts price over the weekend

😱 U.S. Securities and Exchange Commission has sued Atlas Trading for a $100M stock manipulation scheme Eight individuals promoted deceptive demand for stocks via Twitter, Discord and YouTube to sell their shares at a high point. As per the filing, the eight defendants earned approximately $100 million from this stock-manipulation scheme. Filing here https://lnkd.in/dYPu5BWV

🔥Metaverse news: Netherlands tops new survey as the most metaverse-ready country Cointelegraph article states that a new study by Uswitch revealed which countries are ready to embrace the metaverse by more technical standards, such as fixed broadband speeds and prices. The survey is here https://lnkd.in/djBtiy2s. The survey focuses more on the technological aspects + Blockchain startup & Google search as opposed to users’ willingness and adaptability to Metaverse The top 3 Metaverse Readiness scores

1. Netherlands — 7.74/10
2. Switzerland — 7.61/10
3. Lithuania — 7.39/10

Strange not to see Turkey, India or UAE in the top 30 list

👑 Censorship king, former CEO of Twitter Jack Dorsey is pushing for decentralized Twitter alternatives & highlighted that a solution to Twitter’s censorship issues is making a platform resilient from corporate or government control. This is in response to a series of powerful and critical tweets released by Elon Musk. He posted an article here https://lnkd.in/dwnY2B6k he is planning to have #startsmall grants focus on giving cash & equity grants to engineering teams working on social media & private communication protocols, & a lot more.

❓ Would you “trust” the Censorship king?

⚡ NEWSBTC has reported that statistics show that non-fungible token (NFT) sales jumped 27.72% higher than NFT sales recorded last week.$154 Million in NFT Sales was Recorded Over the last week The Bored Ape Yacht Club (BAYC) NFT collection captured the most sales this week Article here https://lnkd.in/djVT7SE3

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