Cointelegraph.com News

Cointelegraph.com News






Cointelegraph.com News https://cointelegraph.com/feed
Cointelegraph covers fintech, blockchain and Bitcoin bringing you the latest news and analyses on the future of money.
Cointelegraph.com News https://cointelegraph.com/feed
https://cointelegraph.com/assets/img/CT_Logo_YG_tag.png


Price analysis 4/7: BTC, ETH, BNB, XRP, ADA, DOT, UNI, LTC, LINK, THETA https://cointelegraph.com/news/price-analysis-4-7-btc-eth-bnb-xrp-ada-dot-uni-ltc-link-theta
https://cointelegraph.com/news/price-analysis-4-7-btc-eth-bnb-xrp-ada-dot-uni-ltc-link-theta
<p>According to CoinShares, the institutional <a href=”https://cointelegraph.com/news/record-first-quarter-for-institutional-crypto-investment-products-coinshares”>inflow</a> into crypto products hit $4.5 billion in Q1, which is 11% higher than the intake seen in Q4 2020. This shows that institutional interest is on the rise but the quarter-on-quarter growth has slowed down from the 240% recorded in Q4 2020.&nbsp;</p><p>As Bitcoin price moves higher, more funds are needed to sustain the levels. Therefore, if institutional inflows do not pick up in the next few days, Bitcoin (<a href=”https://cointelegraph.com/bitcoin-price-index”>BTC</a>) and other altcoins could witness a major correction.</p><figure><img src=”https://s3.cointelegraph.com/uploads/2021-04/e08245df-78c9-4802-bd5a-b5d9d4d81d6c.png”><figcaption><em>Daily cryptocurrency market performance. Source: </em><a href=”https://coin360.com/” target=”_blank” rel=”noopener nofollow”><em>Coin360</em></a></figcaption></figure><p>The next correction could test the resolve of institutional investors and even though these investors have deep pockets, some may have jumped into crypto only for quick speculative gains. There is always the possibility that investors may dump their positions if Bitcoin starts a correction.</p><p>While this may accelerate the fall, lower levels are likely to attract investors who may have missed the bus earlier. If this assumption plays out, volatility throughout the market may remain high in the next few days.</p><p>Let’s analyze the charts of the top-10 cryptocurrencies to see if it also projects a possible correction.</p><template data-name=”subscription_form” data-type=”markets_outlook”></template><h2>BTC/USDT</h2><p>Bitcoin’s failure to cross the stiff overhead resistance zone at $60,000 to $61,825.84 seems to have attracted profit-booking from short-term momentum traders. This has pulled the price back below the 20-day exponential moving average ($56,863) today.</p><figure><img src=”https://s3.cointelegraph.com/uploads/2021-04/27a31a9a-cfd7-4c96-8fef-a42e82120950.png”><figcaption><em>BTC/USDT daily chart. Source: </em><a href=”https://www.tradingview.com/symbols/BTCUSDT/?utm_source=cointelegraph&amp;utm_medium=sponsored&amp;utm_campaign=news&amp;utm_term=btc” target=”_blank” rel=”noopener nofollow”><em>TradingView</em></a></figcaption></figure><p>If the price sustains below the 20-day EMA, the bears may sense an opening and are likely to challenge the critical support at the 50-day simple moving average ($54,333). If this support cracks and the bears manage to sustain the price below the 50-day SMA, the selling could intensify.</p><p>The next support on the downside is $50,460. If this level also gives way, the BTC/USDT pair could plummet down to $43,006.77. The flattening moving averages and the relative strength index (RSI) dropping below 52 suggest that the bulls may be losing their grip.</p><p>Contrary to this assumption, if the price rebounds off the 50-day SMA, the bulls will make one more attempt to push the pair to a new all-time high. If they succeed, the pair could start its journey to the next target objective at $69,540 and then $79,566.</p><h2>ETH/USDT</h2><p>Ether (<a href=”https://cointelegraph.com/ethereum-price-index”>ETH</a>) broke to a new all-time high on April 2 but could not take off and continue its climb. This showed hesitation among the bulls and even though they managed to push the price to a new all-time high at $2,150 on April 6 the rally has since stalled.</p><figure><img src=”https://s3.cointelegraph.com/uploads/2021-04/9ea3436c-b562-4cfc-816a-fd442886e47a.png”><figcaption><em>ETH/USDT daily chart. Source: </em><a href=”https://www.tradingview.com/symbols/ETHUSDT/?utm_source=cointelegraph&amp;utm_medium=sponsored&amp;utm_campaign=news&amp;utm_term=btc” target=”_blank” rel=”noopener nofollow”><em>TradingView</em></a></figcaption></figure><p>That may have frustrated the momentum traders who seem to have dumped their positions today, resulting in a drop to the 20-day EMA ($1,904). If the ETH/USDT pair rebounds strongly from the 20-day EMA, it will indicate demand at lower levels. </p><p>The bulls will then make one more attempt to drive the price above $2,150. If they succeed, the pair could start its journey to the next target objective at $2,618.14. </p><p>This positive view will invalidate if the bears sink and sustain the price below the 20-day EMA. Such a move will suggest a possible change in sentiment and that could drag the price down to the trendline.</p><h2>BNB/USDT</h2><p>Binance Coin (<a href=”https://cointelegraph.com/binance-coin-price-index”>BNB</a>) is in a strong uptrend. The bears tried to pull the price back below the breakout level at $348.69 today but the long tail on the candlestick shows the bulls purchased this dip aggressively.</p><figure><img src=”https://s3.cointelegraph.com/uploads/2021-04/9e804cfd-bfaa-4a2a-9941-d269c8b6f150.png”><figcaption><em>BNB/USDT daily chart. Source: </em><a href=”https://www.tradingview.com/symbols/BNBUSDT/?utm_source=cointelegraph&amp;utm_medium=sponsored&amp;utm_campaign=news&amp;utm_term=btc” target=”_blank” rel=”noopener nofollow”><em>TradingView</em></a></figcaption></figure><p>The rising moving averages and the RSI near the overbought zone suggest the bulls are firmly in command. If the buyers can flip $348.69 into support, then the BNB/USDT pair could start the next leg of the uptrend that could take it to $500 and then $530.</p><p>On the other hand, if the price dips below $348.69, it will suggest that higher levels are attracting profit-booking from traders. The bullish momentum may weaken if the bears sink the price below the 20-day EMA ($314). </p><h2>XRP/USDT</h2><p><a href=”https://cointelegraph.com/xrp-price-index”>XRP</a>’s breakout above $0.65 on April 5 completed an inverse head and shoulders pattern, which had a target objective at $1.11. The altcoin met this target on April 6 when it reached an intraday high at $1.11.</p><figure><img src=”https://s3.cointelegraph.com/uploads/2021-04/41cc3860-092a-4787-9043-f25fc809429d.png”><figcaption><em>XRP/USDT daily chart. Source: </em><a href=”https://www.tradingview.com/symbols/XRPUSD/?utm_source=cointelegraph&amp;utm_medium=sponsored&amp;utm_campaign=news&amp;utm_term=btc” target=”_blank” rel=”noopener nofollow”><em>TradingView</em></a></figcaption></figure><p>Traders who follow technical analysis seem to have booked profits near the target objective, resulting in a sharp pullback today. </p><p>The bulls are attempting to stall the correction near the 50% Fibonacci retracement level at $0.84 as seen from the long tail on the candlestick. If the buyers can sustain the rebound, it will suggest accumulation at lower levels and keep the prospects of a break above $1.11 alive.</p><p>On the other hand, if the XRP/USDT pair breaks below $0.84, the correction could deepen to the 61.8% Fibonacci retracement level at $0.77. Such a deep correction may delay the start of the next leg of the uptrend.</p><h2>ADA/USDT </h2><p>Cardano (<a href=”https://cointelegraph.com/tags/cardano”>ADA</a>) attempted an up-move on April 6, but the long wick on the day’s candlestick suggests a lack of demand at higher levels. The bears have latched on to the opportunity today and are attempting to sink the price to $1.03.</p><figure><img src=”https://s3.cointelegraph.com/uploads/2021-04/d8d52593-0c0f-49c8-aefe-4e07b67100a5.png”><figcaption><em>ADA/USDT daily chart. Source: </em><a href=”https://www.tradingview.com/symbols/ADAUSDT/?utm_source=cointelegraph&amp;utm_medium=sponsored&amp;utm_campaign=news&amp;utm_term=btc” target=”_blank” rel=”noopener nofollow”><em>TradingView</em></a></figcaption></figure><p>The bulls are likely to defend the $1.03 support aggressively. If the price rebounds off this level strongly, the bulls will try to push the price above the moving averages. If they can do that, the ADA/USDT pair could remain range-bound for a few more days.</p><p>The flat 10-day EMA ($1.18) and the RSI near the midpoint suggest a balance between supply and demand.</p><p>This neutral view will invalidate if the $1.03 support cracks. In such a case, the pair could start its journey toward the support at $0.80 and then $0.70.</p><h2>DOT/USDT</h2><p>The failure of the bulls to push the price above the all-time high at $146.80 on April 5 and 6 could have attracted profit-booking from the short-term traders. That may have pulled Polkadot (<a href=”https://cointelegraph.com/tags/polkadot”>DOT</a>) back below the breakout level at $42.28 today.</p><figure><img src=”https://s3.cointelegraph.com/uploads/2021-04/b0b261d9-1b89-4e0d-aef3-deb25a894f3e.png”><figcaption><em>DOT/USDT daily chart. Source: </em><a href=”https://www.tradingview.com/symbols/DOTUSDT/?utm_source=cointelegraph&amp;utm_medium=sponsored&amp;utm_campaign=news&amp;utm_term=btc” target=”_blank” rel=”noopener nofollow”><em>TradingView</em></a></figcaption></figure><p>The bulls are currently attempting to defend the 20-day EMA ($38). If they can achieve a strong rebound off this support, it will suggest accumulation at lower levels. The buyers may then make one more attempt to clear the all-time high. If they succeed, the DOT/USDT pair could rally to $53.50.</p><p>On the contrary, a weak rebound will suggest weakness and a lack of urgency among traders to buy aggressively. That will open the chances for the bears to pull the price below the moving averages. If that happens, the pair could drop to $26.50.</p><h2>UNI/USDT</h2><p>Uniswap (<a href=”https://cointelegraph.com/tags/uniswap”>UNI</a>) attempted to rise above the $32.50 resistance but failed. This shows a lack of buyers at higher levels. The bears are now attempting to sink the pair below the $27.97 to $25.50 support zone.</p><figure><img src=”https://s3.cointelegraph.com/uploads/2021-04/6a1ed0f3-6521-421f-96b7-8660874c9064.png”><figcaption><em>UNI/USDT daily chart. Source: </em><a href=”https://www.tradingview.com/symbols/UNIUSDT/?utm_source=cointelegraph&amp;utm_medium=sponsored&amp;utm_campaign=news&amp;utm_term=btc” target=”_blank” rel=”noopener nofollow”><em>TradingView</em></a></figcaption></figure><p>If they succeed, the UNI/USDT pair could start its journey toward the next support at $22 and then $18.</p><p>However, the flat 20-day EMA ($29.59) and the RSI near the midpoint suggest a balance between supply and demand. If the bulls can defend the support zone, the pair is likely to extend its range-bound action for a few more days.</p><h2>LTC/USDT</h2><p>Litecoin (<a href=”https://cointelegraph.com/ltc-price-index”>LTC</a>) broke above the resistance line of the symmetrical triangle on April 5 and followed it up with another up-move on April 6 that took the price to the stiff resistance at $246.96. </p><figure><img src=”https://s3.cointelegraph.com/uploads/2021-04/d989c8dd-2f76-4e3f-aadf-d01d9bf52d33.png”><figcaption><em>LTC/USDT daily chart. Source: </em><a href=”https://www.tradingview.com/symbols/LTCUSDT/?utm_source=cointelegraph&amp;utm_medium=sponsored&amp;utm_campaign=news&amp;utm_term=btc” target=”_blank” rel=”noopener nofollow”><em>TradingView</em></a></figcaption></figure><p>The failure of the bulls to clear the hurdle at $246.96 may have attracted profit-booking from short-term traders and selling by aggressive bears. That pulled the price down to the breakout level from the triangle today.</p><p>If the LTC/USDT pair rebounds off this level aggressively, it will suggest that the bulls are accumulating on dips. The buyers will then make one more attempt to climb the wall at $246.96. If they manage to do that, the pair could start its journey to $307.42.</p><p>On the contrary, if the bears sink the price below the moving averages, the pair could drop to the support line of the triangle. </p><h2>LINK/USDT</h2><p>Chainlink (<a href=”https://cointelegraph.com/tags/chainlink”>LINK</a>) broke above the $32 resistance on April 5 and followed it with another up-move on April 6 but the bulls could not challenge the all-time high at $36.93. This suggests the bears have not given up and are active at higher levels.</p><figure><img src=”https://s3.cointelegraph.com/uploads/2021-04/5cad402e-e150-4e11-8cd4-a845d735c65d.png”><figcaption><em>LINK/USDT daily chart. Source: </em><a href=”https://www.tradingview.com/symbols/LINKUSDT/?utm_source=cointelegraph&amp;utm_medium=sponsored&amp;utm_campaign=news&amp;utm_term=btc” target=”_blank” rel=”noopener nofollow”><em>TradingView</em></a></figcaption></figure><p>The LINK/USDT pair has dipped back below the $32 level today. The bulls are attempting to defend the 20-day EMA ($29.85). If they manage to do that and push the price back above $32 within the next couple of days, it will suggest accumulation at lower levels.</p><p>The bulls may then again try to propel the price above $36.93. Conversely, if the bears sink the price below the moving averages, it will suggest that the recent breakout above $32 was a bull trap. The pair could then drop to $24.</p><h2>THETA/USDT</h2><p>After trading in a tight range for the past few days, THETA surged today and attempted to break out of the $14 to $14.96 overhead resistance. However, the bears thwarted this attempt as seen from the long wick in today’s candlestick.</p><figure><img src=”https://s3.cointelegraph.com/uploads/2021-04/788789fe-47bd-4a5d-9c3d-65da1b43651a.png”><figcaption><em>THETA/USDT daily chart. Source: </em><a href=”https://www.tradingview.com/symbols/THETAUSDT/?utm_source=cointelegraph&amp;utm_medium=sponsored&amp;utm_campaign=news&amp;utm_term=btc” target=”_blank” rel=”noopener nofollow”><em>TradingView</em></a></figcaption></figure><p>If they succeed, the THETA/USDT pair could start the next leg of the uptrend that has a target objective at $17.65 and then $22.50. The 20-day EMA ($11.13) has started to turn up once again and the RSI has risen above 68, suggesting the momentum favors the bulls.</p><p>However, the bears are unlikely to give up easily. They will try to stall the uptrend in the overhead resistance zone. If they manage to do that, the pair could extend its stay inside the range for a few more days.</p><p><em>The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.</em></p><p><em>Market data is provided by </em><a href=”https://hitbtc.com/” target=”_blank” rel=”noopener nofollow”><em>HitBTC</em></a><em> exchange.</em></p><template data-name=”subscription_form” data-type=”defi_newsletter”></template><p><strong><a href=”https://blockads.fivefilters.org”></a></strong> <a href=”https://blockads.fivefilters.org/acceptable.html”>(Why?)</a></p> Wed, 07 Apr 2021 19:00:53 +0000 Rakesh Upadhyay
en
text/html
https://cointelegraph.com/news/price-analysis-4-7-btc-eth-bnb-xrp-ada-dot-uni-ltc-link-theta
Markets
Bitcoin
Ethereum
Binance Coin
Ripple
Cardano
Polkadot
Uniswap
Litecoin
Chainlink
THETA
Price analysis




UAE minister of economy: Crypto & tokenization “key” to doubling GDP https://cointelegraph.com/news/uae-minister-of-economy-crypto-tokenization-key-to-doubling-gdp
https://cointelegraph.com/news/uae-minister-of-economy-crypto-tokenization-key-to-doubling-gdp
<div><img src=”https://images.cointelegraph.com/images/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDQvNWEwYTkzMDEtYjQzMS00MDI0LTk5NzEtZGM3NDk2MzkxYmQ2LmpwZw==.jpg” class=”ff-og-image-inserted”></div><p>At a panel for the World Economic Forum’s Global Technology Governance Summit today, United Arab Emirates minister of economy Abdulla Bin Touq Al Marri said that cryptocurrency and asset tokenization will be key to the country’s plans to double its economy — currently estimated to be the 34th-largest in the world — in 10 years.&nbsp;</p><p>Al Marri was joined on the panel, titled the “Arrival of the token economy, from art to real estate,” by artist Harry Yeff and WEF executive <a href=”https://cointelegraph.com/top-people-in-crypto-and-blockchain/sheila-warren”>Sheila Warren</a>. While much of the conversation centered on the current nonfungible toke craze, Al Marri’s comments centered largely on forthcoming tokenization use cases and their regulation. </p><p>According to Al Marri, the country has ambitions to grow its gross domestic product by 7% yearly, which would put it on track to double the size of its economy by 2030. Tokenization will be a key cog in this effort, as “Tokenization compliments information-based economies.” </p><p>Perhaps most exciting from an adoption standpoint, the minister said that <a href=”https://cointelegraph.com/news/sands-of-change-uae-enables-private-sector-to-adopt-blockchain-tech”>the country has several ambitious projects underway</a>, including a study being conducted with the WEF on funding small and medium-sized enterprises with a government-run token platform, possibly as part of a “regional token exchange” tha is “in our agenda,” Al Marri said. </p><p>When asked about how the government — which by nature is deeply embedded in a pre-token economy — will interact with these new models and the need to regulate them, Al Marri said the goal is to protect investors as well as the larger financial system without stifling innovation. </p><p>“We’re a government — we’re good at regulation,” he joked.</p><p>He highlighted two pain points in particular: lack of “harmonized regulation” and lack of sufficient regulation. He noted that <a href=”https://cointelegraph.com/news/the-united-arab-emirates-chase-crypto-and-blockchain-adoption”>jurisdiction and regional regulations need to work together</a> in order to prevent cloistered bubbles of innovation and to ensure that new asset models, such as fractionalized ownership, benefit all. </p><p>“How can we bring fractionalization to a level where everyone can benefit?” he asked. </p><p>He also noted that fractionalized ownership can lead to real-world-meets-blockchain bugaboos: If an apartment has fractionalized ownership, who pays the upkeep fees? If there’s a fractionalized painting, what happens when the painting gets stolen? </p><p>Ultimately, the country is eager to lead the world in facing these questions head-on.</p><blockquote>“We understand the challenges as such, but we are experimenting, and allowing the UAE to be a site of experimentation.”&nbsp;</blockquote><template data-name=”subscription_form” data-type=”defi_newsletter”></template><p><strong><a href=”https://blockads.fivefilters.org”></a></strong> <a href=”https://blockads.fivefilters.org/acceptable.html”>(Why?)</a></p> Wed, 07 Apr 2021 17:53:21 +0000 Andrew Thurman
en
text/html
https://cointelegraph.com/news/uae-minister-of-economy-crypto-tokenization-key-to-doubling-gdp
UAE
asset tokenization
NFTs
WEF




Fei Protocol struggles with a bug as holders are mostly unable to sell the token https://cointelegraph.com/news/fei-protocol-struggles-with-a-bug-as-holders-are-mostly-unable-to-sell-the-token
https://cointelegraph.com/news/fei-protocol-struggles-with-a-bug-as-holders-are-mostly-unable-to-sell-the-token
<p>Wednesday’s <a href=”https://cointelegraph.com/news/bitcoin-price-slides-5-as-second-day-of-losses-costs-ethereum-2k-landmark” data-amp=”https://cointelegraph-com.cdn.ampproject.org/c/s/cointelegraph.com/news/bitcoin-price-slides-5-as-second-day-of-losses-costs-ethereum-2k-landmark/amp”>crypto market correction</a> put a heavy burden on the FEI project, the latest attempt at creating an algorithmic stablecoin that would remain stable in the face of market turbulence. Due to the particular mechanics of the protocol, the FEI token became impossible to sell as its main liquidity pool quotes a negative price for the token.</p><p>The Fei protocol is a <a href=”https://cointelegraph.com/news/fei-protocol-genesis-locks-up-1-billion-in-eth-but-lps-could-face-losses” data-amp=”https://cointelegraph-com.cdn.ampproject.org/c/s/cointelegraph.com/news/fei-protocol-genesis-locks-up-1-billion-in-eth-but-lps-could-face-losses/amp”>recently-launched project that has immediately attracted billions in liquidity</a> and total value locked by selling its FEI token, an algorithmic stablecoin using the concept of Protocol-Controlled Value to maintain a peg with the U.S. dollar.</p><p>Crucial to the protocol’s functioning is the ETH-FEI Uniswap pool, which is largely controlled by the protocol. The pool has been expressly designed to track the price of the ETH-USDC pool as closely as possible. The protocol sends most of the Ether it receives from FEI buyers to the ETH-FEI incentivized pool, ideally supplying plenty of liquidity to facilitate trading. </p><p>To maintain the peg, the protocol limits how much selling can occur through the incentivized pool. This happens by burning a significant fraction of FEI tokens used in the sale, which has the result of massively decreasing its effective price. The burn penalty is equal to the square of FEI price’s percentage distance from the $1 peg — at a price of $0.9, the penalty is approximately 100%. Further deviations paradoxically result in a negative price, which should mean that FEI sellers would need to pay buyers in ETH for the “privilege” of holding FEI. In practice, the exchange transaction simply fails under these price conditions and nobody is allowed to sell FEI on this pool.</p><p>The situation was highlighted by Banteg, core developer at Yearn.finance, who compiled a chart of Fei’s effective price on its incentivized pool:</p><figure><img src=”https://s3.cointelegraph.com/uploads/2021-04/e4059b15-45a4-47d3-8cd1-0e400302b515.jpeg”><figcaption><em>Source: Banteg’s </em><a href=”https://twitter.com/bantg/status/1379765257984434181?s=20″ target=”_blank” rel=”noopener nofollow”><em>Twitter</em></a><em> feed.</em></figcaption></figure><h2>Another failed experiment, or a temporary hiccup?</h2><p>The extremely aggressive burn penalty means that the main liquidity pool for the project, which holds over $1 billion in protocol-controlled Ether, is unusable for selling FEI. The token currently has two main parallel <a href=”https://www.coingecko.com/en/coins/fei-protocol#markets” target=”_blank” rel=”noopener nofollow”>markets</a>: a FEI-DAI Uniswap pool and the MXC centralized exchange. On the Dai pool, FEI is still trading at $0.76 but it only has $11 million in total liquidity, while MXC supports $500,000 in liquidity at a range above $0.7. Given that there are 2.4 billion FEI tokens circulating, only a tiny fraction of the supply can currently be sold.</p><p>The Fei protocol has a number of powerful backers and advisors, including investors like a16z, Coinbase Ventures, Nascent, Framework Ventures and Buckley Ventures. Robert Leshner, founder of Compound and Robot Ventures, is a prominent backer as well. He publicly pledged to buy any amount of FEI at $0.7, and so far, it <a href=”https://twitter.com/rleshner/status/1379823523531784192?s=20″ target=”_blank” rel=”noopener nofollow”>appears</a> nobody took him up on the offer.</p><p>In a conversation with Cointelegraph, Leshner explained that the protocol is in a limbo state due to a bug:</p><blockquote>“Fei uses incentives to maintain a peg, by applying a penalty when users sell below $1, and paying a rebate when users buy Fei below $1. The purchasing rebate mechanism was disabled yesterday due to a discovered vulnerability; for the time being, Fei isn’t functioning.” </blockquote><p>Indeed, the protocol’s white <a href=”https://assets.fei.money/docs/whitepaper.pdf” target=”_blank” rel=”noopener nofollow”>paper</a> details a “carrot and stick” approach to keeping the peg, with additional FEI being offered to traders who bought below the $1 mark. Earlier on Wednesday, the team <a href=”https://twitter.com/feiprotocol/status/1379632480504881154?s=20″ target=”_blank” rel=”noopener nofollow”>reported</a> that it had disabled the “carrot” part of the mechanism due to a vulnerability.</p><h2>Taking cues from traditional finance</h2><p>Despite the apparent complexity, Fei’s mechanism is based on a similar principle to most fiat currencies, where central banks often use their own reserves of gold and foreign currencies to back their currency’s value during periods of strong selling pressure. Direct restrictions on selling are also not new, with countries like Lebanon, Venezuela and Turkey offering recent examples of enacting stringent <a href=”https://www.economist.com/finance-and-economics/2020/05/14/turkeys-defence-of-the-lira-has-been-unwise-and-ineffective” target=”_blank” rel=”noopener nofollow”>capital controls</a> in a bid to stabilize their currency’s value. </p><p>Ultimately, the success of the reserve-based mechanism depends on the market’s overall trust in the currency. The Turkish government <a href=”https://cointelegraph.com/news/bitcoin-price-hits-new-all-time-high-against-turkish-lira” data-amp=”https://cointelegraph-com.cdn.ampproject.org/c/s/cointelegraph.com/news/bitcoin-price-hits-new-all-time-high-against-turkish-lira/amp”>has all but exhausted its reserves</a> after many years of attempting to stop the lira’s decline. </p><p>All things considered, holders seem to be remaining patient. Given Fei’s heavy restrictions on liquidity, the fact that it is trading relatively close to $1 and nobody is yet taking up Leshner on his offer, are good signs for the project. Whether the experiment will ultimately succeed after the bug is fixed is still an open question.</p><template data-name=”subscription_form” data-type=”defi_newsletter”></template><p><strong><a href=”https://blockads.fivefilters.org”></a></strong> <a href=”https://blockads.fivefilters.org/acceptable.html”>(Why?)</a></p> Wed, 07 Apr 2021 17:25:29 +0000 Andrey Shevchenko
en
text/html
https://cointelegraph.com/news/fei-protocol-struggles-with-a-bug-as-holders-are-mostly-unable-to-sell-the-token
Fei
DeFi
Robert Leshner




Published at

ALTCOIN NEWS BITCOIN NEWS BLOCKCHAIN NEWS CRYPTOCURRENCY NEWS ETHEREUM NEWS EXCHANGES NEWS LITECOIN NEWS MARKET NEWS REGULATION NEWS
Gamestop
Important Facts of Gamestop Entering into Cryptomarket
UniFarm
UniFarm Raises $2 Million After Launching Innovative Farming Pool Featuring 17 Top DeFi Projects
XRP, FTX Token, Waves Price Analysis
#HODL #SHILL YOUR SH*T COIN! #SPOTTED! #VIRALS BITCOIN SCAM WATCH FUN QUIZZES
bitcoin-scams
Top 5 Bitcoin Scams you should be aware of!
Instagram Influencer Accused of Scamming Followers Out of $2.5M In Bitcoin Scams
five assorted color cars parked inside room
WHAT WILL YOU BUY WITH YOUR BULL MARKET GAINS?
FAQ'S INTRODUCTION TO BITCOIN INTRODUCTION TO BLOCKCHAIN INTRODUCTION TO CRYPTOCURRENCY EXCHANGES
Cryptocurrency
4 Amazing Perspectives of Cryptocurrency Characteristics, Everyone Should know
How bitcoin Transactions Work
Bitcoin For Beginners: 5 Plus Important Reasons Why You Should Understand The Future Impact of Bitcoin On Society
blockchain
5 Important points about Blockchain, Cryptocurrency, and Bitcoin(Safe or Not)
EXCHANGES WALLETS
coinbase
4 Best Crypto Coins on Coinbase
flat lay gadgets beside bearded man
ULTIMATE LIST : BEST BITCOIN AND CRYPTOCURRENCY WALLETS 2021
person shopping online
2021 BEST BITCOIN AND CRYPTOCURRENCY HARDWARE WALLETS TO STORE YOUR COINS SAFE

Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.