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The extra payout has drastically bitten into Maker’s profits, Kunal Goel, analyst at Messari noted in a report. “Higher rates on higher deposits ballooned the protocol’s interest expense [and] has dried up profit expectations,” he wrote. The too-high rate also opened up opportunities for arbitrage, Goel added. Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Strategic collaborations and partnerships play a pivotal role in shaping crypto. Bitso, a crypto exchange in Latin America, recently integrated Stellar’s Anchor Network technology. The move aims to broaden the payments corridor between Latin America and
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Bitcoin’s stall despite the recent wave of positive news is a cause for concern, one observer said. Original Source
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If that's not enough, the market now sees a 70% probability of the Fed raising rates by 50 basis points later this month, a reacceleration of tightening after a brief step down 25 bps in February. The yield on the two-year Treasury note, which is sensitive to interest rate expectations,
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The new move by Japan to allow the distribution of stablecoins means that there would be stricter regulations on Anti-Money Laundering controls.The Financial Services Agency (FSA) in Japan has reportedly announced a draft system and guidelines for the circulation of stablecoins that are pegged on legal currencies like the USD,
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A major state authority in Russia has objected to the State Duma’s proposal to cancel the ban on Telegram’s encrypted messenger in the country.Russia’s Ministry of Digital Development, Communications and Mass Media, also known as MinComSvyaz, doesn’t support a recent initiative to lift the two-year-long Telegram ban, local news agency
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