#interest

Elon Musk has shared his relatively indifferent stance towards cryptocurrencies, considering money primarily as a database for resource distribution. He opined that fiat currencies are quite capable of serving this purpose effectively, provided that governments don't abuse the system and fuel inflation.

The Financial Services Commission (FSC) of South Korea has announced that by July 2024, investors in digital assets must receive interest on funds held on exchanges.

The initial offering of tokenized bonds ALT2611 on Bitfinex Securities, a platform focusing on RWAs, failed to attract the expected interest.

The research company Security.org carried out its annual survey involving over 1,500 Americans.

The search volume for Solana on Google has seen a significant uptick, almost tripling in the last two months. This increase comes after a period of relative stability in searches until mid-October.

Goldman Sachs, a leading investment firm in the United States, has revised its forecast for the U.S. interest rate in 2024, as reported by Reuters.

U.K. House of Commons Treasury Committee lawmakers, in its recent report, have urged the government to reconsider the regulations for a potential Central Bank Digital Currency (CBDC). Proposed changes include setting a lower limit on individual holdings (up to £3,000) and the option to earn interest on these holdings.

The likelihood is high, at 99%, that the interest rate will stay the same. This is because the Federal Reserve is still gauging the effect of the current rate on the economy. Following the decision, there will be a press conference by Jerome Powell 30 minutes later. Given the potential for market shifts from his remarks, traders are advised to hold off on transactions.