Michael Saylor talks about Bitcoin's market downturn on MSNBC
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BREAKING: Federal Reserve raises rates by 0.75%, largest hike since 1994
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Robinhood’s Stock Is Now Worth Less Than Its Cash on Hand
[https://finance.yahoo.com/news/robinhood-stock-now-worth-less-191407302.html](https://finance.yahoo.com/news/robinhood-stock-now-worth-less-191407302.html) > After posting more than $3 billion of losses since its initial public offering in late July, Robinhood’s shares have plunged more than 80%, cutting its market capitalization to as low as $5.99 billion. The firm had $6.19 billion of cash and cash equivalents at the end of the first quarter. Two words that describe this nicely: Poetic Justice. This company is SO worthless that it has a NEGATIVE value when you take out all its cash.
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Today marks the biggest interest rate hike since the early 1990s by the Federal Reserve. They are anticipating no interest rate cuts until 2024. Unreal 🤯
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Ever wondered how specifically ZK-SNARKs are used to preserve privacy, including some of the non-obvious tricks like how to prevent double-spending, and what the limits of ZK-SNARKs are? This post tries to explain some of these ideas: https://t.co/2W9OkZ8I92
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BREAKING: FOMC / FED raises interest rates by 75bps in June 2022 as inflation has been running more swiftly.
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New Moons Are Ready! (Round 27)
This distribution of Moons has been finalized, and Moons are being delivered to users with a registered Vault. Users who do not have a Vault yet will get their Moons when they create one through the Reddit app. This distribution is based on karma earned from 2022-05-12 to 2022-06-08. [Here](https://reddit-meta-production.s3.amazonaws.com/distribution/publish/CryptoCurrency/round_27_finalized.csv) is the finalized list, with contribution scores signed by Reddit. Moons are r/CryptoCurrency's form of [Community Points](https://reddit.com/community-points), a way for users to be rewarded for their contributions to the subreddit, and they can be used on premium features in the community.
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Fed hikes its benchmark interest rate by .75% of a point, the biggest increase since 1994
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Powell's body language during today's meeting
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Bitcoin came within a few hundred dollar’s of the 2017 cycle’s high last night 😳 potential bottom?
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Remote work will die at the hands of higher interest rates
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JUST IN – Fed's statement no longer says they expect inflation to return to its 2% target
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Powell is talking so much bullshit everytime that you could easily put a monkey there instead of him.
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