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This step is designed to maintain the profitable profitability of the stablecoin savings protocol at about 20% per year.
In a tweet posted early Friday, Do Kwon, founder of Terraform Labs, an organization developing the Terra Luna (LUNA) and Terra USD (UST) stablecoin ecosystem, announced an infusion of 450 million UST ($450 million) into the Anchor protocol reserves.
Altcoin XRP became the only digital asset in the top-10 ranking, ending yesterday with an increase of three percent. Investors bought cryptocurrencies based on the results of the next round of Ripple and US SEC litigation.
According to the developers of the project, the first version of a decentralized autonomous organization for members of the Shiba Inu community called DoggyDAO was launched on Friday on the decentralized cryptocurrency exchange ShibaSwap.
Two Ripple legal briefs are now available to the public. The defense attorney, former federal prosecutor James K. Phelan, says the legal memos prove that Ripple is not a security.
Bitcoin collapsed on Thursday to the maximum in almost a month amid the sell-off of risky assets. BTC lost 7.7%, ending the day at about $40,700. Ethereum fell by 7.7%, other leading altcoins from the top ten also declined: from 5.4% (Finance Coin) to 8.5% (Terra).
The total capitalization of the crypto market, according to CoinGecko, sank by 7.3% in a day, to $ 1.94 trillion. Bitcoin was sold more actively than altcoins, which led to a decrease in the bitcoin dominance index by 0.3%, to 39.8%. The cryptocurrency fear and greed index collapsed by 22 points to 30, returning to a state of fear.
The FBI Is Launching a "Virtual Asset Exploitation Unit" with a Specialized Team of Cryptography Experts
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Trading cryptocurrencies on the stock exchange is associated with risks, since digital assets are extremely volatile. On the other hand, this is their advantage: you can make good money on the course jumps. And since the entry threshold to the crypto exchange is quite low, you can start trading with a small start-up capital.
"Chancellor on brink of second bailout for banks”" this message was written in the first block of bitcoin. It translates as: "The Chancellor is on the verge of a second bank bailout”" This is the headline of an article in The Times about the consequences of the 2008 economic crisis.
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