The Fed tightening is a major risk, particularly for currencies of EMs running current account deficits. The deficit occurs when a country sends more money abroad than it receives, leaving the domestic currency vulnerable to increased borrowing costs elsewhere. Thus, countries running current account deficits, such as Brazil, India and Pakistan, may see strong demand for bitcoin. CryptoX Portal
LUNAโs 50% increase in the last week has made it one of cryptoโs most popular coins. With $34 billion worth, Terra (LUNA) currently occupies a seventh place on Coinmarketcap, and even more, headlines are making themselves known with this rise to fame. Not only did the token shoot up past Solana ($32B), but also Cardano ($31B), who sit eighth & ninth respectively now that their rankings have changed due to LUNAโs hipe. LUNA is the token that fuels the DeFi ecosystem. However, the real product is stablecoins, like UST, which…
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Anchor Protocol (ANC), a DeFi platform built on Terra blockchain protocol, rebounded nearly 300% in over a month after bottoming out near $1.26. ANC price went as high as $4.97 on the Bitfinex cryptocurrency exchange on March 3, 2022, breaking above the previous record peak near $4.50 established on Dec. 3 last year. In doing so, the Anchor Protocol also erased all the losses it had incurred during what some called “crypto winter” that started in Q4/2021 โ against the prospects of the Federal Reserve’s aggressive rate hikes. ANC/USD daily…
One analyst said that the rally is due to a combination of ANC offering high annual percentage yield and talks of new tokenomics. Source
Blockchain gaming firm Animoca Brands has revealed the company is breaking ties with Russian users following the Ukraine invasion that started seven days ago. Animoca Brands co-founder Yat Siu noted in an interview that the company received legal advice about the situation and the Animoca executive compared the newly sanctioned Russia to North Korea. Animoca Brands Restricts Russian Users From Leveraging Firmโs Blockchain Gaming Products According to the Hong Kong-based blockchain gaming giant Animoca Brands, the company is imposing restrictions on Russian users. Animoca Brandsโ overarching ban follows a number…
Image Ukraine has canceled a crypto airdrop as announced by Ukraine’s Deputy Prime Minister Mykhailo Fedorov. He released the announcement on his verified Twitter account saying, “After careful consideration, we decided to cancel airdrop. Every day there are more and more people willing to help Ukraine to fight back the aggression.”ย Ukraine confirmed the airdrop on Wednesday, as part of its crypto donation campaign. The Airdrops are thought to be rewards for donors who have been supporting Ukraine amidst the ongoing invasion from Russia. Instead of the Airdrop, the deputy…
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press release PRESS RELEASE. SINGAPORE, March. 3, 2022 / DN News Desk / โ Jordan Belfort, also known as the Wolf of Wall Street, has joined the pioneering blockchain gaming platform OneTo11 as an investor. He joins several other big names such as Maximus Capital, Jason Stone, and Carl Runefelt. OneTo11 raised a total of $2.5 Million in this round of funding that closed on Feb. 17, 2022. Belfort, a famous Wall Street trader, found worldwide fame when he was portrayed by Leonardo DiCaprio in the film โThe Wolf of…