Crypto Chronicle with NewsCrypto

Greetings, crypto enthusiasts! We're back with another edition of the NewsCrypto newsletter.

Just like a well-tailored suit gives you confidence, our newsletter will give you the confidence to make smart decisions in the world of cryptocurrency. So let's suit up and dive into the latest crypto news.

Here's what we got on the menu today:

        1. Mastercard innovating the crypto space

          2. Coinbase goes international

            3. Funny meme

        Mastercard takes crypto to the next level

        Mastercard is making moves in the crypto world with its latest offering, the Mastercard Crypto Credential. It's like the Swiss Army Knife of blockchain technology, offering a set of common standards and infrastructure to establish trusted interactions among consumers and businesses. And it's not just for buying pizzas with Bitcoin anymore.

        In a joint effort with Polygon, Solana, Ava, and other blockchain companies, the system is focused on ensuring trust in the industry. So no more worrying about shady transactions or untrustworthy parties. It's like having a virtual bouncer at the door of a nightclub.

        The bouncer:

        Raj Dhamodharan, the Head of Crypto and Blockchain at Mastercard, explained that the system will have multiple use cases, depending on the market and compliance requirements. But don't worry, it's not just for serious business types. The system will also be integrated into Mastercard's music and art initiatives, like the Mastercard Music Pass NFT and the Mastercard Artist Accelerator. Who said blockchain couldn't be cool?

        With the Mastercard Crypto Credential, consumers and businesses can rest easy knowing that they are meeting defined standards for their interactions across Web3 environments. And with partnerships like Polygon and Solana, the sky's the limit for the technology. Who knows, maybe we'll even see a Mastercard-sponsored blockchain-based amusement park. The possibilities are endless!

        STOP AND READ - Friendly reminder!

        You still have time to participate in the NewsCrypto $1.000.000 airdrop!


        Click on the button below, read the rules, participate in the airdrop and fill out the form. It’s that simple.

        Coinbase goes global: Unveils international exchange for crypto traders

        Coinbase has announced the launch of its international crypto exchange. As a company that aims to bring cryptocurrency to the masses, it was only a matter of time before Coinbase expanded its horizons.

        The move comes at a time when many countries are exploring the potential of digital assets. With Coinbase's reputation for security and reliability, the new international exchange will no doubt appeal to users all around the world.

        The exchange will offer a range of features including perpetual futures, BTC and ETH contracts, and 5x leverage. This means that traders will have the opportunity to make some serious gains, but they'll also need to be prepared for the risks involved. As the saying goes, "with great power comes great responsibility."

        Coinbase has always been committed to protecting its customers and providing a safe trading environment. The international exchange will be no different, with a high standard of customer protection and a robust risk management framework. After all, if you can't trust your crypto exchange, who can you trust?

        US GDP data and another rise in interest rates

            · US GDP data

        The Q1 GDP grew by 1.1%, falling short of the expected 2% growth. It's slower than a sloth on a lazy Sunday afternoon, and that's saying something considering the 2.6% growth in Q4.

        The housing and business investment sectors had a tougher time than a cat on a hot tin roof in the first quarter. Blame it on their sensitivity to interest rates, which the Federal Reserve has been raising like a baker kneading dough.

        Consumer spending, federal and state/local government spending, exports, and nonresidential fixed investment have increased. But, private inventory investment and residential fixed investment had a bit of a hissy fit and offset these gains like a fussy toddler.

        Sadly, the US economic growth has slowed down more than your computer on a Monday morning. The timing couldn't be worse as nations worldwide are distancing themselves from dependence on the US dollar like a skunk trying to avoid a shower.

            · Raising Interest rates again

        The US banking crisis is making headlines, and all eyes were on the May FOMC meeting to see what the Federal Reserve would do next. The question on everyone's mind was whether the fight against inflation would continue based on the latest economic data.

        Now, it turns out that the Fed has raised interest rates by 25 basis points, aiming for a new target range of 5 to 5.25%. This is the highest level since 2007, and it comes at a time when the US government has just seized First Republic Bank, making it the third bank to meet this fate.

        Despite calls to halt interest rate hikes due to the banking crisis, the Fed is prioritizing the fight against inflation. However, the decision to push rates past 5% could have a negative impact on the housing and job markets, both of which are already showing signs of strain.

        While the Fed is aiming for a 2% inflation target, achieving this goal is becoming more complicated due to a variety of macroeconomic factors. Therefore, it's likely that the Fed will strongly consider pausing interest rate hikes at its next meeting, before making any further moves.

        Funny meme: