What is Filecoin? Filecoin is a decentralized storage system | mdsarwar en Binance Square

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What is Filecoin?
Filecoin is a decentralized storage system built to secure the important information of users. Particularly, Filecoin employs incentives to ensure the reliability of file storage over time.
$FIL 

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☄️The Federal Reserve's balance sheet shrank by $27 billion in one week. 🔵 Goolsbee, Fed Chair: — We are seeing the desired reduction in inflation — If US unemployment exceeds 4.1% (currently 4.3%), the Fed will respond by lowering the interest rate 🔵Citi: — We expect the Fed to cut rates by 1.25% this year (0.5% in September, 0.5% in November, 0.25% in December). 🔵 Bank of America: — We forecast a 0.25% rate cut by the Fed in September and 0.25% in December 🔵Goldman Sachs: — The Fed is likely to cut rates by 0.25% in September, 0.25% in November and 0.25% in December Market Expectations (Fed rate): — September 18: 50 bps cut to 4.75-5.00%. — November 7: 50 bps cut to 4.25-4.50%. — December 18: 25 bps cut to 4.00-4.25%. — January 29, 2025: 25 bps cut to 3.75-4.00%. baitu22 ...

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🔥In an interview with CNBC, Fed Chairman Austan Goolsbee decided to put everyone at ease: 🔵The Fed is taking a conservative stance. 🔵Data does not indicate the economy is overheating. 🔵Jobs data was worse than expected, but does not indicate a recession. 🔵The Fed needs to make decisions going forward. 🔵 Other data such as business defaults have some alarming indicators. 🔵Economic growth continues at a steady level. 🔵Everything is always up for discussion, including rate hikes and cuts. 👍 - well done, you got it right /

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🟢Senator Cynthia Lummis has officially introduced a bill in the U.S. Senate proposing Bitcoin as a reserve asset for the Federal Reserve. Key Points: 🔵The U.S. government should purchase 5% of Bitcoin's total issuance. 🔵A "Bitcoin Purchase Program" is introduced, allowing up to 200,000 BTC acquisitions per year for five years. 🔵A reserve fund must be established with strict cybersecurity parameters. 🔵U.S. states can voluntarily become custodians of Bitcoin reserves. $BTC $XRP $ETH

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🔼 Solana surpasses Ethereum in weekly fee revenue for the first time For the first time, the Solana network has surpassed the Ethereum blockchain in weekly collected fees, according to Blockworks Research analysts 📊 Over seven days, Solana collected $25 million in base fees and priority fees, while Ethereum collected $21 million $SOL #solonapumping

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💥A summary of Trump's speech at the 2024 Bitcoin Conference: ▪️ On day one, I will fire Gary Gensler and appoint a new SEC chairman. ▪️ If elected, I will create a strategic national bitcoin reserve for the U.S. government. ▪️ The U.S. government will retain 100% of the bitcoins it owns. ▪️ Bitcoin is going to the moon. ▪️ Never sell your bitcoin ▪️ Bitcoin will probably one day surpass the market capitalization of gold. ▪️ I reaffirm my pledge to commute Ross Ulbricht's sentence. ▪️ As long as I am President of the United States, there will never be a CBDC. ▪️ If elected president, bitcoin and cryptocurrencies will skyrocket like never before. ▪️ Bitcoin does not threaten the dollar, the dollar is threatened by the current US government. ▪️ The United States will become the crypto capital of the planet and the bitcoin superpower of the world. ▪️ Bitcoin symbolizes freedom, sovereignty and independence from government coercion and control. ▪️ I promise the bitcoin community that the day I take the oath of office, Joe Biden and Kamala Harris' crusade against cryptocurrencies will end. $BTC

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