Tokens Stream

2023-07-27 21:53:00 ECB Tightens Grip With 12th Consecutive Rate Hike; Lagarde Asserts ‘No Cuts’ Amid Lingering Inflation Concerns

The European Central Bank (ECB) has raised the benchmark bank rates by 25 basis points (bps) citing that inflation was down but still remained “too high for too long.” When ECB president Christine Lagarde was pressed about cutting rates by reporters, Lagard insisted the central bank was “not going to cut.”

The European Central Bank’s (ECB) Governing Council announced that it has raised three key ECB interest rates by 25bps on Thursday. The ECB’s move follows the U.S. Federal Reserve hiking the federal funds rate by 25bps the day prior. Similarly to the Fed’s decision, the ECB members of the Governing Council insisted that the bank looks to get annual inflation down to its 2% target. The interest rate hike will be the ECB’s 12th rate hike in a row.

“The rate increase today reflects the Governing Council’s assessment of the inflation outlook, the dynamics of underlying inflation, and the strength of monetary policy transmission,” the ECB detailed. “The developments since the last meeting support the expectation that inflation will drop further over the remainder of the year but will stay above target for an extended period.”

The ECB hinted at pausing the rate hikes in September but when reporters pressed ECB president Christine Lagarde about when the central banks would cut rates, she insisted it wasn’t going to happen. “We are not going to cut,” Lagarde stated. The ECB’s rate hikes have had an impact on mortgage rates in the euro area, which have risen significantly since the beginning of 2022 and the ECB’s rate hikes. For instance, the average mortgage interest rate exceeded 9% in Poland in Q4 2022. Open / Comment

2023-07-27 14:00:09 Get ready for the referral race!

PassimPay is launching contests for the most active users. Invite your friends, acquaintances, neighbors, and followers. Whoever gets the most referrals from 30.06 to 31.07 will receive pleasant bonuses.

Here are the details:

Starting from 30.06 and up to 31.07, invite users using your original referral link.
On 31.07, the contest will end, and we will choose three winners with the most referrals.
The top three winners will receive prizes of $150, $100, and $50.
Referrals taken into account are the ones who have completed at least one transaction.

On July 31st at 00:00 the contest ends and registrations of new users will not be counted.

Good luck to everyone!

Good luck to everyone! To take part - click here

Dont forget to follow us on Twitter and Reddit Open / Comment

2023-07-24 19:51:21 Bitcoin Network’s High Difficulty Levels Poised to Ease Amid Longer Block Intervals

Upon achieving an unprecedented all-time high on July 11, 2023, soaring to a staggering 53.91 trillion, Bitcoin’s difficulty is poised to decline by an estimated range of 3.9% to 4.04% come July 26, 2023. Block generation periods have been lagging behind their typical ten-minute average of late, registering at an elongated 12 minutes per block on July 21, and almost 11 minutes per block on the subsequent day.

The forthcoming recalibration of Bitcoin’s difficulty is slated to happen on or about July 26. Following a notable rise of 6.45% on July 11, it’s projected that there could be a downward adjustment ranging from 3.9% to 4.04%.

Block intervals on July 21 and 22 were longer than the usual ten minutes, lasting from 11 to more than 12 minutes.

Currently, as of July 24, block times have shown signs of improvement, marginally dipping below the ten-minute average and at times, leveling off slightly above it at ten minutes and 24 seconds.

Miners are still wrestling with the protracted issue of clearing the backlog that’s been bottlenecking the blockchain for months. Open / Comment

2023-07-22 20:24:01 Terraform Labs Appoints New CEO While Co-Founder Remains in Jail

Terraform Labs appointed a new chief executive officer following Do Kwon’s resignation on March 31, 2023. In a Wall Street Journal interview, the interim CEO, Chris Amani, discussed his team’s “vision” for rescuing the beleaguered blockchain project.

A group of six unidentified developers submitted a plan for rejuvenating the Terra Classic ecosystem. The new LUNA 2.0 token and Phoenix blockchain activity and value have significantly diminished, with LUNA down 96.63% from its peak on May 28, 2022. The cryptocurrency currently possesses a market valuation of approximately $207 million, and around $6 million in total value is locked across nine decentralized finance platforms.

However, he assured that further information would be divulged in the coming months.

The CEO news broke after Terraform Labs lawyers asked the court for certain information related to FTX, believing this data could aid their defense in a lawsuit initiated by the U.S. Securities and Exchange Commission (SEC).

“Ripple is thus fatal to the SEC’s arguments that UST, LUNA, wLUNA, MIR, and mAssets were sold as investment contracts,” the court filing details. Open / Comment

2023-07-21 21:00:02 A MASSIVE CONTEST FOR #UBX HOLDERS!

3,000,000 UBX up for grabs to the winner. Isn’t that amazing!?

Go to @UBXCrowdFeeding to take part in the contest!

What do you need to do?

Purchase UBX. You can buy UBX on UBIX Exchange, KuCoin and a few more places! You need to send proof of your transaction (transaction hash on CF task)
Follow @UBIX_Network on Twitter and Telegram @UBIX_Network
Make a retweet of this post on Twitter
https://twitter.com/ubix_network/status/1676904295063511041?s=46

Done, you’re amazing! We’ll choose a winner randomly, who will get 3 MILLION UBX!!

Deadline: July 31, 23:59 GMT

Can it be even better? Yes!

BONUS All those who have made a purchase of 5,000,000 UBX (or more ) will bag themselves a bonus of 1,000,000 UBX each!

Don’t miss a chance! Join CrowdFeeding to take part and complete our task
http://account.crowdfeeding.io/tasks/e5aeb71f-d89e-4233-ab17-1e9746f56c5b

TG Group | Website Open / Comment

2023-07-21 16:00:08 Are you in search of projects with real life use cases?

You definitely should check Silent Notary!

Imagine that you have access to a notary service that's always with you. A legal companion in your pocket with a testimony that everyone trusts. The days of a person in power needed to notarize legal evidence are now gone. Silent Notary has replaced this outdated process with an algorithm on your own smartphone

This is Silent Notary. See their website and socials to know more!

Website | Telegram Open / Comment

2023-07-18 18:06:19 Venezuelan Crypto Ecosystem Still in Shambles 4 Months After Sunacrip Intervention

The Venezuelan cryptocurrency ecosystem remains on shaky ground four months after the intervention of national crypto watchdog Sunacrip, and the arrest of its head, Joselit Ramirez, due to alleged participation in a $20 billion corruption scandal involving the undeclared sale of crude oil for crypto. There have been no official updates from Sunacrip’s restructuring board, but Bitcoin mining activities are still halted per local sources’ reports.

The government of Nicolas Maduro issued an executive order to intervene in the superintendence on March 17 after the arrest of its head Joselit Ramirez, who was accused of intermediating payments for $3 billion in undeclared crude sales to third parties.

The intervention of Sunacrip was followed by other measures that were not officially corroborated but were reported by local Bitcoin miners and media sources, like the operation’s pause in local exchanges.

This brought heavy losses for Bitcoin miners based in the country, with some mulling moving to more crypto-friendly nations, such as Paraguay or El Salvador. Open / Comment

2023-07-15 19:09:02 Liquid Staking Derivatives in Ethereum Swell by 1.5 Million ETH in 2 Months

Over the course of the previous 63 days, there’s been a notable 16.98% surge in the quantity of ethereum (ETH) held in liquid staking derivatives protocols, with a substantial addition of roughly 1,507,285 ETH across 23 different platforms. Data reveals that Lido Finance dominates the market, commanding a 74% share of the liquid staked ether sector.

In a span of barely more than two months, the liquid staking derivatives sector witnessed a substantial swelling of nearly $3 billion in its value.

In the last week, the total value locked (TVL) in the liquid staking protocol Lido Finance has seen a marginal increase of 1.80%, and over the previous month, the TVL experienced a more significant jump of 7.29%.

Data from May 12 suggests that Coinbase’s holdings were approximately 1.14 million ether, a figure that has seen little change to date.

On May 12, Binance’s Staked Ether protocol held 20,371 ether, a figure that has since surged to 91,834 ETH today. This signifies that during the past 63 days, a substantial 71,463 ether has been contributed to Binance’s Staked Ether protocol. Open / Comment

2023-07-12 21:39:01 Biggest Movers: BCH 6% Higher, as US Inflation Falls by More Than Expected

Bitcoin cash rose by nearly 6% on Wednesday, following the release of the latest consumer price index (CPI) in the United States. Inflation fell by 1.0% from May, coming in at 3.0% last month. Polkadot also rose, extending its winning run for a third straight day.

Bitcoin cash (BCH) rose by as much as 6% earlier in today’s session. BCH/USD surged to a peak of $289.49 earlier in the day, which comes following Tuesday’s bottom at $271.44.

This rise in price has pushed the cryptocurrency towards a ceiling at $300.00, and closer to a recent 15-month high at $329.71.

From the chart, the move occurred after a marginal breakout of a ceiling at 68.00 on the relative strength index (RSI).

Polkadot (DOT) rose for a third consecutive day during Wednesday’s session, as price neared a one-week high.

After falling to a low at $5.13 on Tuesday, DOT/USD jumped to an intraday high of $5.30 earlier today.

This is the strongest level the token has hit since last Thursday, when it peaked at $5.37, marginally below a ceiling at $5.40.

Since today’s peak, earlier gains have somewhat slipped, as a result of the RSI colliding with a ceiling at 55.00.

Currently, price strength is at a reading of 54.55, with DOT now trading $0.05 lower than its previous high.

In the event this ceiling is broken, the next target for polkadot bulls will likely be $5.50. Open / Comment

2023-07-09 20:23:03 Tom Brady Lost $30 Million in FTX Stock After Exchange’s Collapse, Report

Former National Football League (NFL) quarterback Tom Brady has reportedly lost tens of millions of U.S. dollars in stock of the failed crypto exchange FTX. Brady is one of several celebrities sued by FTX customers for their endorsements of the collapsed crypto trading platform.

Longtime NFL quarterback Tom Brady received $30 million from FTX, mostly in the form of company stock, the New York Times revealed in a report this past Friday. Besides Brady, who served as an ambassador for FTX, his ex-wife, supermodel Gisele Bündchen, got $18 million, also in stock, the report added.

The former couple and other celebrities were named in a lawsuit filed by FTX customers unhappy with their endorsements for the failed exchange.

The newspaper also wrote that pop icon and Grammy Award winner Taylor Swift was in talks with FTX and after months of discussions signed a deal with the exchange that could have paid her up to $100 million. Citing sources familiar with the agreement, the publication revealed that Bankman-Fried eventually pulled out of the deal. Open / Comment