Day: June 13, 2022

Lacoste makes its way into the web3 ecosystem with UNDW3

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Luxury brand Lacoste has joined the web3 ecosystem with the launch of UNDW3 – pronounced underwater. The company announced this forward-looking move through a press release. The UNDW3 universe will let the Lacoste community participate in furthering the brand’s fashion-sport vision. According to the press release, UNDW3 allows Lacoste community members to own the brand in a creative way. In preparation for UNDW3’s launch, Lacoste rolled out its Discord server on June 6. The Discord channel will help keep each community member informed about developments in Lacoste’s web3 universe. Eager…

The Rise of Blockchain in Formula 1 – Press release Bitcoin News

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press release PRESS RELEASE. Formula One is one of the greatest sports in the world and brings about the best automobile teams which compete for the title yearly. From the racing tracks in Spa to the roads of Monte Carlo in Monaco, Formula One has developed into a billion-dollar industry with teams and drivers boasting a cult following globally. The relationship between Formula One and the blockchain industry has grown in recent years. In part due to the growing adoption of crypto and blockchain technology. Crypto.com made a significant splash…

Crypto crash wreaking havoc on DeFi protocols, CEXs

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On Monday, a heavy cryptocurrency sell-off in the markets caused significant ripples for projects and entities alike. On popular decentralized finance, or DeFi, lending protocol Aave, utilization rates have fallen across nearly all stablecoin borrowings. Most notably, borrowings for Binance USD (BUSD) now stand at a mere 30% compared to a high of 80% back in May.  Utilization rate is the ratio of borrowed funds to deposited funds. Since borrowers are required to post digital asset collateral before taking out a loan on Aave, users are likely withdrawing en mass…

Bitcoin Weekly RSI Sets Record For Most Oversold In History

Bitcoin price is in free fall and the cryptocurrency community is in panic. The high-risk, speculative asset class is living up to its notorious volatility and the selling appears unstoppable. At some point, all assets become oversold and recovery begins. After the most recent selloff, BTCUSD weekly RSI has reached the most oversold level in the entire history of price action, including two bear market bottoms. Bitcoin Selloff Sets Record For Most Oversold Weekly RSI Ever Bitcoin price today tapped below $22,000 per coin and is rapidly approaching prices closer…

11/03/22| Crypto news today | Shiba inu coin news today | Cryptocurrency | Bitcoin news today | BTC

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 11/03/2022| Cryptocurrency news today | Crypto news today | Bitcoin news today | Hindi | Cryptocurrency for beginners In this video, we have covered news from across the Globe. Watch this video and keep yourself updated. Latest Crypto updates latest Crypto News. Cryptocurrency news today Crypto news today Bitcoin news today in Hindi. ===================== New’s Covered in the Video -Ethereum gas fees drop to lowest levels since August 2021. -Shiba Inu Global Adoption Continues As Turkey Minister of Economy Discuss Shib. -Shibaverse…

Binance Suspends Bitcoin Withdrawals Due to Transaction Backlog Caused by the Crypto Market Selloff

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Summary: Binance has temporarily paused Bitcoin withdrawals on the exchange due to stuck transactions causing a backlog. The team is currently working on a solution, and further explains that the backlog is being caused by a batch of Bitcoin transactions with low transaction fees. Bitcoin withdrawals on other networks (BEP20 and ERC20) through wrapped tokens are open and working as normal. The crypto exchange of Binance has announced that it has temporarily suspended Bitcoin withdrawals on the exchange due to a backlog of stuck transactions. According to the Binance team,…

Why Justin Sun Reported A 500% APR To Short TRX On Binance

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TRON (TRX) founder Justin Sun has come out in defense of the network stablecoin, USDD. The digital asset began deppeging from the U.S. dollar value and hinted at another catastrophic event in the crypto market, like the one experienced by Terra (LUNA) and its native stablecoin UST. Related Reading | TA: Bitcoin Dives 10%, Why BTC Could Even Break $25K At the time of writing, the value of TRON’s stablecoin has been climbing back to its 1:1 parity to the U.S. dollar. Earlier, the digital asset started trending to the downside…