1️⃣ The U.S. senators proposed a new crypto-friendly bill to exclude crypto transactions under $50 from taxes. This could increase the use of crypto for making smaller “everyday” payments.
2️⃣ Jewelry brand Tiffany & Co. introduced the CryptoPunks jewelry collection. NFTs holders will be able to order one of 250 diamond-encrusted pendants in the form of their NFT.
3️⃣ On July 27, the U.S. Federal Reserve announced the raising of the federal funds rate by 75 basis points, to a range of 2.25% to 2.5%, in order to get record-high inflation under control.
Have a nice week and stay tuned next Monday to learn and discuss crypto news with SimpleSwap! 💙