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Month: March 2022
Mars Protocol To Launch On Terra, But Why MARS Has Seen A Dump
Decentralized credit protocol Mars is set to launch today, March 7th, on the Terra ecosystem. One of the most hype projects in the crypto space, Mars will bring the financial services of a legacy financial institution without its tradeoffs. Related Reading | Terra (LUNA), Quant (QNT) Pull Up As Avalanche (AVAX) Nosedives In addition, users that interacted with the Mars Protocol are eligible to receive an airdrop of their governance token, MARS. At the time of writing, the token that will provide this protocol’s community with decision power over future…
FCA reiterates power to ‘suspend or cancel’ crypto firms’ registrations following Bifinity concerns
The United Kingdom’s Financial Conduct Authority, or FCA, has issued a warning to Binance Markets in response to Binance’s payment company Bifinity and investment firm Eqonex entering a strategic partnership. In a Monday statement, the FCA reiterated that Binance Markets Limited was not allowed to conduct certain regulated crypto-related activities in the United Kingdom without prior consent due to previous concerns about the company being incapable of “being effectively supervised,” claiming some of its products posed “a significant risk” to investors. The financial watchdog hinted Bifinity’s recent announcement that it…
Wall Street Chads Set the Standard for NFTs With Innovative Ecosystem
The NFT ecosystem is one of the most competitive in the blockchain industry, yet innovative projects always find a way to stand out from the crowd. One of such is Wall Street Chads which has grabbed the attention of collectors, crypto traders and NFT enthusiasts since its launch in July 2021. Wall Street Chads is an NFT project that has created the first-ever decentralized community-run investment platform. NFT lovers and crypto enthusiasts can experience a seamless, frictionless and social community investing experience powered by Chads NFTs. 3,333 Chads NFTs sold…
Virginia passes new crypto law whilst macro headwinds mount up – Blockchain News, Opinion, TV and Jobs
By Marcus Sotiriou, Analyst at the UK based digital asset broker GlobalBlock Bitcoin made a lower low on the daily time frame last week as it failed to hold above the key $44,600 level, with many analysts calling for lower prices as macro headwinds mount up. Downside risks involve war in Ukraine, persistent inflation in consumer goods and supply chain issues, new inflation from soaring oil prices, and the reaction from the Federal Reserve to combat this inflation. Many predict a global recession is on the horizon if the Federal Reserve decides to…
C4W Is a Trusty-efficient Way To Earn Passive Income in Crypto
It’s easy to get caught up in the hype and buy your favorite coin, only for prices later to go down dramatically. Instead of simply investing money into coins, though – which can be risky depending on what kind you choose- there are actually some other strategies that might work out better than just holding them long-term. Crypto4Winners (C4W) is a Sweden company that offers trading solutions piloted by experienced traders (algorithmic trading, bots, and A.I.) to help clients record profits when investing in cryptocurrencies. With Crypto4Winners, you can manage…
Women of Crypto sells entire NFT collection on the first day – Blockchain News, Opinion, TV and Jobs
Women of Crypto (WOC) founder, Amy Matsushima, has announced that all 8888 female avatar non-fungible tokens (NFTs) have sold out on the first day of sale. Women of Crypto is a first of its kind, 3D avatar NFT collection of 8888 women with 111 unique physical traits, characteristics, accessories, and backgrounds. All were sold on the day of release, February 3rd, 2022. “On the day of the launch, we were getting 50,000 clicks a minute,” Matsushima said. “It actually crashed the website. Even so, they all sold, and we received…
Crypto-Fund Inflows Tripled Last Week to Highest in Almost Three Months
Bitcoin funds saw inflows of $95 million last week, the most since early December. Ether funds saw minor inflows of $25 million, the most in 13 weeks, and potentially a sign of a changing mood after the negative sentiment that prevailed over the past few months, according to CoinShares. Source
Nagax, the Crypto Trading Platform of German Fintech Naga, Set to Launch
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Examining the crypto market’s reaction to the Russia–Ukraine crisis
February saw a noticeable shift between inflation and U.S. Federal Reserve news, followed by news of a conflict in Eastern Europe that completely overshadowed the earlier concerns of economic health. What’s transpiring in Ukraine is causing an immediate marketwide price drop. Bitcoin (BTC) had a notable decline of 11% over a 16-hour time period, while the majority of altcoins plummeted 20% or more. The initial expectation was for the war to have a negative impact on cryptocurrency prices, which it did for a short period of time. However, as fear…