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Federal Reserve Keeps Rates: Impact on Bitcoin and Stocks

Federal Reserve Maintains Interest Rates: Implications for Bitcoin and the Broader Market In a move that echoes the cautious optimism of the current economic climate, the Federal Reserve has opted to maintain interest rates, as anticipated. This decision, while grounded in the ongoing battle against inflation, has implications that ripple through both traditional equity markets and the burgeoning world of cryptocurrencies, particularly Bitcoin. The Fed's Stance The Federal Reserve's latest announcement included a commitment to three quarter-percentage-point cuts by the end of the year. Here are the key takeaways: Interest Rates Unchanged : The Fed decided to keep rates steady for now, indicating a careful approach to monetary policy. For more insights on interest rates and the Federal Reserve Bank, check out The Basics on Interest Rates and the Federal Reserve Bank . Future Rate Cuts Planned : Officials have laid out a strategy for potential reductions later in the ye...

Beware of Cryptocurrency Scams: Canadian Citizens in Calgary Warned of Rising Fraud Cases

Canadian police have issued a targeted warning to citizens in Calgary, Alberta, regarding the rise in cryptocurrency scams. This comes after victims in the area have lost over $22.5 million so far this year. The number of reported crypto scams has increased significantly compared to the previous year, with 340 cases reported since the start of 2023, compared to 321 cases in 2022. However, law enforcement officials believe that these figures are vastly underreported. While the majority of cryptocurrency transactions are legitimate, scammers have taken advantage of the deregulated marketplace to carry out fraudulent activities. The Calgary Police have emphasized the importance of caution when dealing with cryptocurrency and have highlighted the most common types of scams, including investment scams where victims are promised more money in exchange for upfront payments. The police also warned against individuals online who promise large returns in the crypto markets, as well as those who mention crypto investments on social media and dating apps. It is crucial for individuals to be aware of these scams and exercise caution when engaging in cryptocurrency transactions.

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