Celsius Heart-Breaking Message to CEO and Rate Hike [ Crypto Espresso 06.16.22 ]
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• Federal Reserve Announces Biggest Interest Rate Hike Since 1994 — How Bitcoin Reacted
Fed Chairman Jerome Powell is now navigating a tricky tightrope as he attempts to curb inflation without triggering a recession.
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• 'Much Ado about Nothing': Saylor Rejects Margin Call Fears and Says MicroStrategy 'Comfortable'
Damping down fears surrounding the $205 million loan that the firm has with SIlvergate Bank, which is backed by Bitcoin, he said MicroStrategy is "10x overcollateralized right now."
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• Celsius CEO Breaks Silence as Customers 'Pray to God' They'll Get Their Money Back
With the crypto lender's customers now unable to make withdrawals for a fourth day, some are beginning to lose hope that they'll ever see their savings again.
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• Tether Rejects 'False Rumors' as Fears over Stablecoin's Backing Intensify
There have long been concerns about whether Tether has enough U.S. dollars in reserve to cover all of the USDT in circulation.
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