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Day: March 30, 2022
Money Market Platform Burrow Raises $5M to Launch on NEAR
“We believe decentralized money markets act as a cornerstone for DeFi given their composability and utility,” Anjan Vinod, Vice President at ParaFi Capital, said in a note to CoinDesk. “By building natively on NEAR, we believe Burrow can integrate with other NEAR-native DeFi primitives including DEXs, liquid staking solutions, and stablecoins.” Source
BTC, ETH Consolidate Below Key Resistance Levels โ Market Updates Bitcoin News
Following strong gains during Wednesdayโs session, bitcoin and ethereum both saw prices consolidate below key resistance levels. BTC remained marginally above $47,300, with ETH trading close to $3,400. The global crypto market cap was 0.48% lower as of writing. Bitcoin Bitcoin saw its price consolidate during Wednesdayโs session, following strong gains on Tuesday, which saw BTC rise to multi-month highs. However on Wednesday, BTC/USD fell to an intraday low of $46,746.21, as prices failed to sustain a breakout of the $48,080 ceiling. Todayโs drop came as prices rose to a…
Bitcoin Trades at Discount in Japanese Yen Markets
Thus, the absence of premium in the BTC/JPY market is not surprising โ more so as the yen is a G-7 currency and a far stronger unit than Ukraine’s hryvnia, considering it is backed by forex reserves of $1.38 trillion, the second largest in the world. Further, according to Kobayashi, crypto forms a small portion of an average Japanese investor’s portfolio. Source
Dubai Cafรฉ Accepts Cryptocurrency as Payment, Owner Hints at Paying Employee Salaries in Crypto โ Emerging Markets Bitcoin News
Bake N More, a Dubai-based cafe, has become the latest company from the region to add cryptocurrency as a payment option. According to the companyโs owner, Mohammad Al Hammadi, Bake N More hinted at possible plans to pay employee salaries in cryptocurrency as well. A Hub for Crypto Users in UAE A Dubai-based cafe, Bake N More, has become the latest company to add cryptocurrency as another payment option available to customers. Despite taking this step, Bake N More will nonetheless continue to accept cash and credit card payments, the…
So Youโve Stolen $600M. Now What?
After the largest hack in DeFi history, the attacker has limited options. Source
MENA Climate Week notes blockchain’s potential for climate action
Panelists at the recent MENA Climate Week 2022 examined how blockchain technology can contribute to green initiatives. Hosted by Dubaiโs Ministry of Climate Change and Environment, Dubai Electricity and Water Authority, and the World Green Economy Organization along with various institutions under the United Nations Environment Programme and in partnership with renewable energy groups, the event explored how to promote climate action using digital innovations. In one session, a hybrid panel made up of experts in blockchain and climate action discussed how blockchain use cases can contribute to a greener…
Aaveโs Token Rockets 97% Since Upgrade Strengthening DeFi Capabilities
The V3 upgrade introduced several features to make Aave more lucrative for lenders and borrowers, which has created demand for its tokens. Source
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DeFi Kingdoms Integrates Ramp to Take in-Game Payments to the Next Level โ Press release Bitcoin News
press release PRESS RELEASE. London, UK: 30 March 2022 โ Play-to-earn game, DeFi Kingdoms, has partnered with crypto payments infrastructure platform, Ramp to bring an even greater in-game payment experience to players. For one week only* players can enjoy zero fees when purchasing AVAX through Ramp. DeFi Kingdoms has been wildly popular, generating more than $1.6 billion in transactions in January 2022 alone. Todayโs Ramp announcement comes as DeFi Kingdoms implements its cross-chain expansion to Avalanche. Originally built on the Harmony blockchain platform, DeFi Kingdoms plays out in a nostalgic…