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March 19, 2022

Fed raised rates

As expected, the Federal Reserve announced a formal rate hike, the first since 2018, raising rates by 0.25% and in line with expectations on Wall Street. The rate hike was approved by a vote of 8-1 with the one dissenting vote calling for a 0.5% rate hike. US saw 7.9% inflation in February, the highest since January 1982. The inflationary environment has worsened by the war in Ukraine that has led to a spike in commodities prices, and general supply chain issues that have been a side-effect of COVID. In general, the Fed commented on a planned 6 rate hikes over the course of the next few quarters. The Fed expects inflation to cool to 4.3% by the end of the year, but well above the target rate of 2.3%.

There was no immediate impact on the crypto market with Bitcoin and Ethereum holding steady.

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February 06, 2024

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Ember Partnered with Stake | Earn 10,000 Sats

We are thrilled to announce that Ember has partnered with Stake.com! To kick things off, we're airdropping 10,000 Sats in Ember to anyone who signs up on Stake.com, makes a deposit and plays their Crash or Plinko games.

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