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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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