Crypto Update | BTC Price Fell Today After Fed Member Stated 'No Reason' To Halt Rate Hike Cycle and Student Loan Payments Will Resume This Year

With the Fed's historic string of increases to the core interest rate, up 1900% in just one year, as well as its reverberations throughout global markets, many potential catastrophes have been prevented only through bailouts or other interventions. And as part of the debt ceiling agreement, the painful game of student loan repayment may soon be over for those with student loans.

Listen or watch all the new CoinDesk podcast episodes wherever you want.

ABOUT

Today's Stories:

The Great Student Loan Nonpayment Boondoggle Is Over And Household Spending Is About To Collapse

UK Enters Worst Period Of Strikes Since Thatcher As Gov't Calls For Price Controls

Stablecoin Issuer Tether Invests in Sustainable Bitcoin Mining in Uruguay

Texas Bill That Would Limit Miners' Participation in Cost-Saving Grid Programs Stopped in House Committee

Former Coinbase Employee, U.S. SEC Settle Insider Trading Charges

Market Watch Links:

BRN00 | Brent Crude Oil Continuous Contract Overview | MarketWatch

First Mover Americas: Bitcoin Slumps Back to $27K on Fed Worry

Crypto Traders Need to Pay Attention to Chinese Yuan

ProShares’ Bitcoin Futures ETF Underperforms BTC This Year: K33 Research

Nvidia Does All The Heavy Lifting, Can't Prop Up Market Forever

This episode was hosted by Adam B. Levine, edited by Ryan Huntington, and Senior Producer is Michele Musso. All original music by Doc Blust and Colin Mealey.

HOST

Adam B. Levine

Adam B. Levine joined CoinDesk in 2019 as the editor of its new audio and podcasts division. Previously, Adam founded the long-running Let's Talk Bitcoin! talk show with co-hosts Stephanie Murphy and Andreas M. Antonopoulos.

Finding early success with the show, Adam transformed the podcast's homepage into a full newsdesk and publishing platform, founding the LTB Network in January of 2014 to help broaden the conversation with new and different perspectives. In the Spring of that year, he would go on to launch the first and largest tokenized rewards program for creators and their audience. In what many have called an early influential version of "Steemit"; LTBCOIN, which was awarded to both content creators and members of the audience for participation was distributed until the LTBN was acquired by BTC, Inc. in January of 2017.

With the network launched and growing, in late 2014 Adam turned his attention to the practical challenges of administering the tokenized program and founded Tokenly, Inc. There, he led the development of early tokenized vending machines with Swapbot, tokenized identity solution Tokenpass, e-commerce with TokenMarkets.com and media with Token.fm. Adam owns some BTC, ETH and small positions in a number of other tokens.