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Source: AdobeStock / ChiccoDodiFC Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news . __________ Wallet news NEAR Foundation , the Swiss non-profit supporting the governance and development of the NEAR protocol, today announced a tenfold increase in the number of NEAR Wallet users since the start of this year, rising from 2 million to over 20 million. The increase has been attributed to a combination of factors, including growing support among developers and creators for NEAR’s blockchain, as well as its partnership with companies such as the fitness app SWEAT Economy . Tax news The United States Internal Revenue Service (IRS) criminal investigation division preparing “hundreds” of crypto-involved cases, many of which will soon be available to the public, according to Bloomberg, citing the division chief Jim Lee. The cases reportedly inv...

Join Our Telegram channel to stay up to date on breaking news coverage Even after the Federal Reserve’s interest rate announcement, the European session Bitcoin price forecast is optimistic. On Wednesday, the Federal Reserve announced yet another rate rise; this time by a full 0.75 percentage points more than the previous two, in an effort to reduce inflation. While a hike in interest rates will help curb inflation by preventing people from acquiring additional debt, it will also force many Americans, who are having a hard time keeping up with the growing cost of living, to pay more each month just to stay up with their debt service payments.   No Signs of a Reduction in Inflation   In order to combat inflation, the Federal Reserve has raised interest rates by 0.75 percentage points. When Fed Chair Jerome Powell said it was too soon to talk about putting a temporary stop to the hikes, the market responded badly. Although it has decreased from its 9.1% high in...