Once the loan is approved, tokens will be sent to an escrow, which is a third-party smart contract, until the credit is repaid with fiat or tokens, Scaliter said. If a farmer repays the loan with tokens, Santander will automatically convert them to Argentine pesos on the Agrotoken platform, Scaliter said. Source
On Feb. 10, Terra tweeted that it would inject $450 million into its official DeFi platform, Anchor Protocol. The announcement comes almost a year since Terraform Labs Foundation injected approximately $70 million into the project. While Anchor looks similar to most other lending protocols, it’s high APY for stablecoins—always around 20%—makes it stand out. In this article, we’ll look at how Anchor Protocol works and how it achieves such high returns. How Does Anchor Protocol Work Anchor Protocol has three main strengths: Simplicity: Deposit UST into Anchor Protocol and receive…
In the latest Cryptopedia episode, viewers can get a succinct and informative overview of decentralized autonomous organizations, or DAOs. Cointelegraph’s Jackson DuMont believes DAOs have the power to “completely transform how work and social collaboration are organized.” What makes this type of organization both decentralized and autonomous? The answer is smart contracts on the blockchain. Fundamentally, a DAO runs on the lines of computer code written on smart contracts that anyone can interacted with in the same way. DuMont described the three major steps necessary to launch a DAO. The…
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Fixed Discord Link – – Facebook group discord Parallel Miner (mining accessories psu etc) How much I make Mining Bitcoin 2021 ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version
On-chain data suggests Bitcoin miners have been quietly accumulating while the rest of the market has been bleeding. Bitcoin Miner Reserve Continues To Stay At High Values Despite Struggling Price As explained by an analyst in a CryptoQuant post, BTC miners seem to have continued to accumulate while the price has declined in the past few weeks. The “BTC miner reserve” is an indicator that tells us the total amount of Bitcoin present in the wallets of all miners. When the value of this indicator goes up, it means miners…
A recently published Reuters poll suggests the European Central Bank (ECB) may wait until the last quarter of the year (Q4) to raise its first interest rate in over ten years. The poll’s author details that after the conflict in Ukraine, “fewer economists” predict the ECB will raise the benchmark bank rate earlier. Moreover, a number of financial institutions worldwide are betting on the Federal Reserve’s rate hike time frame, and how high rates will jump this year. Amid the Conflict in Ukraine, Economists Bet on European Central Bank Rate…
Bitcoin (BTC) is rangebound with support at $35K-$37K. The loss of upside momentum over the weekend suggests limited upside given strong resistance around $45K. Original
CargoX, a blockchain company specializing in document transfer solutions, announced a long-term extension to its agreement with the Egyptian government to digitize the latter’s trade flows. Last year, through its 80% owned entity Misr Technology Services (MTS), the Egyptian government integrated CargoX’s Blockchain Document Transfer, or BDT, service for its official NAFEZA single-window trade platform. Usage of the system became mandatory in Egyptian ports last October, and handles more than 12,000 transactions per day. BDT is built on the Ethereum (ETH) blockchain. CEO and Chairman of MTS Captain Ossama al-Sharif explained,…
WAVES was once again trading higher, as cryptocurrency markets marginally climbed to start the week. Although the weekend’s red wave has not fully faded, FLOW was also able to move higher on Monday. WAVES WAVES rose for a second consecutive session to start the week, breaking out of its long-term resistance level in the process. Today’s move in WAVES/USD saw prices break through its long-term resistance level of $19.55, rising to a 3-month high in the process. As of writing this, WAVES is up 17.2%, and rose to an intraday…
“My guess is simple – it is difficult to write about fundraising for Ukraine in Weibo, given Chinese censorship and predominant pro-Russian narrative,” said Igor Denisov, senior research fellow at the Moscow State Institute of International Relations’ institute for international studies in an email to CoinDesk. (Sun’s Weibo posts on Ukraine fundraising were not, in fact, censored. But other war-related content has been.) Source