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Federal Reserve System raised the stakes, Buterin is a sponsor, the Central Bank of Egypt and the blockchain

12/20/2018
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  • Egypt_cryptocurrency
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The Federal Reserve will tighten credit policy. Buterin helped start-ups of the Ethereum 2.0 project. In Egypt, announced the launch of cryptocurrency.

The Federal Reserve System did not allow Bitcoin to rise above $ 4,000

At the next meeting, the US Federal Reserve decided to raise the interest rate by 0.25 points. However, more important information appeared in the accompanying statement of the agency. It said that during 2019, the rate will be raised twice more.

This can be regarded as a positive signal for the US currency. As a result, almost all related assets lost a significant part of their value. Together with oil, gold and stock indices, the price of bitcoin has also fallen. It has not yet managed to overcome the $ 4,000 mark, after yesterday's events the quotes are adjusted to the level of $ 3,800.

The Federal Reserve System did not allow Bitcoin to rise above $ 4,000

Vitalik Buterin supported startups

Immediately three cryptocurrency startups received additional funding from the founder of the Ethereum platform. At a meeting on Twitter, the topic of too slow development of the blockchain technology was raised. Among the main problems was the lack of funds, which does not allow to attract new specialists to work. In response, Vitalik Buterin allocated ethererium to three companies for 1000 coins each.

They were allocated to teams leading the work on the project Ethereum 2.0. Sigma Prime and ChainSafe are engaged in improving the client, in Prysmatic Labs leads the development in the field of scalability.

Vitalik Buterin supported startups

Egyptian e-pound

Egyptian authorities announced the launch of a national cryptocurrency. The Amwal Al Ghad publication reported that the Central Bank of the country is preparing a technical rationale for the launch of the Egyptian electronic pound.

The source refers to the words of the deputy head of the Central Bank Ayman Hussein. During the conference, he told the audience about the potential of the national cryptocurrency. It will have to optimize spending on money circulation and offer new financial services to the public. At the same time, currently there are no plans to completely legalize the circulation of cryptocurrency.

Read more about cryptocurrncies in Islamic world read in our article Egyptian e-pound

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