Bitcoin Industry

2023-03-26 20:30:00 ​ US explores additional bank support, favoring First Republic.

Despite banking laws stating remedies should not be aimed at benefiting a specific bank, this change could be structured “in a way to ensure” that First Republic benefits, according to unnamed sources.

United States authorities are reportedly deliberating on “expanding” an emergency credit line for banks, which may provide First Republic Bank a time buffer to address balance sheet concerns, according to people familiar with the situation.

In a March 26 Bloomberg report citing unnamed sources, it was claimed U.S. officials are pondering what support, “if any,” can be provided to First Republic; however, an “expansion of the Federal Reserve’s offering” is one of the options being explored.

First Republic was reportedly deemed “stable enough to operate” by regulators without the need for an “immediate intervention,” as efforts are made by the bank in the meantime to “shore up its balance sheet.”

The sources reportedly said that while the Fed’s liquidity offerings would be expanded in accordance with banking laws, which stipulate that it must be “broadly based” and not aimed at benefiting a specific bank, they also warned that the alteration could be “made in a way” that ensures First Republic Bank benefits.

It was reported that despite First Republic facing structural challenges with its balance sheet, “the bank’s deposits are stabilizing,” and it is not at risk of experiencing “the kind of sudden, severe run” that led regulators to close down Silicon Valley Bank. Sources added :

“It has cash to meet client needs while it explores solutions, the people said. That includes $30 billion deposited by the nation’s largest banks this month.”

This comes after the Fed announced a plan on March 19 to strengthen liquidity conditions through “swap lines,” which involve an agreement between two central banks to exchange currencies.

“To improve the swap lines’ effectiveness in providing U.S. dollar funding, the central banks currently offering U.S. dollar operations have agreed to increase the frequency of seven-day maturity operations from weekly to daily,” the Fed said in a statement Open / Comment

2023-03-25 14:00:03 $YUNA is currently catching the eyes of many people in the crypto space! The cryptocurrency seems to take on the legacy of $DOGE and $SHIB!

Everyone who remembers the early days of Shiba Inu, will also remember how that started. This coin is going down a similar road so far, with so much progress already.

The coin has a Shibarium Bridge and Ordinals NFTs in development, which will eventually bring all dog breed communities together.

$YUNA is already listed in three exchanges after just two weeks, and rumours are they will be listed in Huobi Global as well, as per unconfirmed sources.

You can buy $YUNA for a cheap price on Uniswap compared to the already listed exchanges, which offers a good opportunity.

TG Community: @Yuna_ETH Open / Comment

2023-03-23 19:58:35 Liquid Mining will launch global sales on April 1st, 2023.

The presale and beta testing phases of Liquid Mining are coming to a successful end!

The multimining technology showed annual 400% ROI to users. Impressive, isn’t it?

Taking into account that public sale start and beta testing end will happen in a same span of time, users will receive their rewards for participating in the referral system during April.

Liquid Mining has already made waves in the cryptocurrency community, with a large and passionate user base spanning more than 10 languages:

Liquid Mining ENG
Liquid Mining JP
Liquid Mining RU
Liquid Mining DEU
Liquid Mining SPN
Liquid Mining HUN
Liquid Mining CHN
Liquid Mining FRA
Liquid Mining THA
Liquid Mining VNM

However, we must also mention that the GPU capacity is selling out fast, and there is a limited amount available.

The CEO of Liquid Mining is also providing users with essential educational videos on basics of cryptocurrency mining. This means that even the newbie in crypto can easily access the platform and start getting profits!

So, if you're interested in joining the Liquid Mining community and start earning from cryptocurrency mining, now is the time to act.

Twitter | Discord | Website | Chat | IOS app | Android app Open / Comment

2023-03-23 19:00:05 ​New White House Report Slams Digital Asset Industry

The digital asset industry has been slammed in a new report published by the White House, with many now fearing that even stricter regulations will be introduced in the US.

The report, titled the Economic Report of the President, had an entire 36-page chapter dedicated to the crypto industry.
Among other things, it went to great lengths to debunk the “perceived appeal of crypto assets.”

It said that crypto functions as “mostly speculative investment vehicles” and described digital assets as volatile because “many of them do not have a fundamental value.”

Further describing the shortcomings of crypto, the White House report said the asset class has been “mostly about creating artificial scarcity in order to support crypto assets’ prices.”

“This raises the question of the role of regulation in protecting consumers, investors, and the rest of the financial system from panics, crashes, and fraud related to crypto assets,” it added. Open / Comment

2023-03-23 14:00:05 Looking for a new way to make passive income from crypto?

A modernized counterpart to staking - cryptocurrency deposits - is gaining momentum now.

HEXN is one such cutting-edge company. Users of the platform can invest assets at a rate of up to 22% ( ) per annum!

On the official website, you can open deposits with BTC, ETH, USDT, SOL, TRX, and 42 other coins.

HEXN puts security and reliability above all, providing proof of Reserves with complete balance information.

By the way, the platform recently launched the Advance Payments program, which allows you to get your first interest payment immediately after making a deposit - sign up! Open / Comment

2023-03-22 14:00:05 ​ Jump into financial markets with MyBro and a 100 USDT deposit bonus!

MyBro is your platform for margin trading. What does it mean?
It means trading with a boost — leverage provided by your broker, which allows you to invest more extensively than you can on your own. For example, successful trades with x100 leverage can give you 100 times more profit

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Sign up in 1 minute and get from 10 to 100 USDT for a deposit Open / Comment

2023-03-20 21:30:00 ​Arbitrum airdrop hype helps zkSync addresses jump over 5X in a week.

Airdrops were created as a marketing tool before the ICO era, rewarding traders for promoting the project and holding its token for a certain period.

Arbitrum, a layer-2 scaling solution for Ethereum, announced the airdrop of its ARB governance token on March 16, with eligible receivers expected to get the token by March 23. The hype around its airdrop has now helped another layer-2 solution, zkSync, to see significant week-over-week growth.

ZkSync is another layer-2 scaling solution for Ethereum, supporting nonfungible tokens (NFT), and atomic swaps and transfers of Ether and ERC-20 tokens within the Ethereum network.

According to data from crypto on-chain analytic firm Nansen, more than 39,000 addresses have bridged over $871 million to zkSync in the last seven days. The number of addresses bridging to zkSync has swelled by 5x in the last week.

After the Arbitrum airdrop, zkSync and StarkNet are regarded as the upcoming airdrops with the most potential value. On March 17, nearly 5,000 people deposited more than 536 ETH using the zkSync bridge, and almost 3,000 users deposited over 234 ETH using the StarkNet bridge.

Although zkSync neither has a native token nor announced any airdrop, the enthusiasm around the Arbitrum airdrop has led many proponents to believe they would be rewarded in the near future.

The hype around the airdrops comes amid multiple fake and scam airdrops being attempted by scammers using Arbitrum branding.

A crypto airdrop is a promotional tool for crypto projects to generate hype around the project. The crypto projects behind these airdrops often directly deposit digital tokens into the wallets of active blockchain community members as a gift. Many of these airdrops have specific preset eligibility criteria that reward users for spreading awareness around the project.

Airdrops have been popular since the early stages of the crypto ecosystem, with the first airdrop coming in 2014. Projects have relaxed marketing strategies in recent times owing to regulatory scrutiny. Open / Comment

2023-03-19 23:00:00 Complaining about "Crypto Winter"?

Nowhere to get X's back? You're missing BIG numbers if you're not in Multimining!

You don't have experience in mining? No farm with employees to support?

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You will mine coins in pre-mine stage before IDO and ICOs when mining rewards are huge in terms of volume of coins per block. Once projects are listed on crypto exchange - you sell and make profit.

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— Ergo - 631%
— FLUX - 402%
— FIRO - 457%
— TONCOIN - 531%
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— Nexa - 318%
— Zano - 264%
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With more than 6 years of close work with crypto startups — they know how to choose profitable ones.

The average profit for users is now at 400%+/year!

Telegram | Twitter | Discord | Website Open / Comment

2023-03-17 22:00:05 ​China’s Fujian Province Has Processed $22bn Worth of Digital Yuan

Residents and firms based in China’s Fujian Province have reportedly processed almost $22 billion worth of digital yuan transactions to date – as the nation’s central bank digital currency (CBDC) continues to gather pace.

The province was added to the CBDC pilot zone last year. And it broke ground in October when it conducted the nation’s first digital yuan-powered land transfer deal.
Per Fujin News, official figures from the province show that citizens’ digital yuan commercial spending has hit the $14.5 million mark.

It also explained that it – and its partners – had handed out almost $9 million worth of digital yuan tokens in promotional events.
A combined total of 2,572 merchants and vendors in the province now accept digital yuan payments.

This number includes toll booths on the Fuxia (Fujian-Xiamen) Expressway – a major network of highways that passes through the province. Open / Comment

2023-03-17 15:00:17 The SWIM - Spread Wisdom.
World’s 1st Wisdom Utility Platform That Offers Rewards!

The main goal of the project is to create a future generation of wiser, environmentally conscious entrepreneurs. To realize this goal they created they created gaming app "WISE ME," the revolutionary NFT Play-To-Earn game for toddlers and parents that combines Gaming-Earning-Learning.

Very soon the project will start with IEO and listing on the P2B exchange.
Join it!
Website: https://www.swimspreadwisdom.io/
Telegram: https://t.me/swim_spreadwisdom
Twitter: https://twitter.com/swimspreadwis Open / Comment