Bitcoin’s intention to breach the high resistance area between $38,000 and $40,000 continues. (Read More)

To mitigate austerity and resolve debt, Puerto Rico should follow in El Salvador’s footsteps and make bitcoin legal tender.

After a rollercoaster January, Wall Street is now expecting the Fed to aggressively raise interest rates over the course of the year as they scramble to control inflation. The US dollar is once again king as most economists are now expecting the Fed to deliver anywhere between 3-7 rate hikes this year. The upcoming week […]

LUNA has been dropping sharply in the past few days, deeper than larger cryptocurrencies. As of press time, Terra’s native token moves on critical support barely above $50 with a 16.4% loss in the last 24 hours. Related Reading | Terra Announces Non-Profit ‘Luna Foundation Guard’ According to Wu Blockchain, the token lost as much as 20% in the last day. Apparently, retail investors have been panic selling their LUNA funds due to concerns about several of its dApps and UST. The latter is one of many stablecoins operating on the Terra ecosystem which is based on a supply and demand mechanism to maintain its peg. As NewsBTC reported back in December, UST has been gaining relevance across the DeFi sectors. The stablecoin allows holders access to the Anchor Protocol, Terra-based lending and borrowing application that consistently offered its users a 19.5% compounding yield on their UST deposits. This rate surpasses that of its competitors, some of which have issues offering a 10% yield with similar products. However, the current downtrend in the crypto market has heavily impacted LUNA and the Terra ecosystem. Some users believe the ecosystem as a whole could be in danger as a result of a reduction in Anchor’s reserves which according to some projections could reach $0 in the coming weeks. Without these funds, the protocol would be unable to pay off its users and due to Terra’s mechanism, it could trigger a fresh leg down across its assets. The pegged in UST has been offered in the past days, as more users seem to believe this theory. Thus, panic spreads amongst sellers looking to mitigate their losses. As of press time, UST has seen an important recovery as it hit a multi-month low of 0.98 versus the U.S. dollar. Terra (LUNA) Inventor Addresses Concerns Around Anchor Do Kwon, co-founder, and CEO of Terraform Labs, the entity behind Terra’s ecosystem, recently addressed the controversy generated around Anchor and UST. In an attempt to counterbalance the FUD, as some LUNA holder has called it, Do Kwon emphasized Anchor’s objectives. The first, he wrote on a Twitter thread, is to make market yields on stablecoins less volatile, while increasing the capital efficiency of the platform. Anchor’s Yield Reserve is a “centerpiece” to address these issues, but this component of the protocol can operate with a surplus or a deficit. Kwon said: Recently as leverage started to wind down from crypto markets, deposits have gone up a lot and borrowing down. The yield reserve has been running at a deficit to maintain the deposit yield. Users seem to believe that the Yield Reserve, Kwon said, should “always operate at a surplus”, and that the YR depletion will “have disastrous consequences”. The co-founder of Terraform Labs said that Anchor’s Yield Reserve was always designed to be used on current market conditions. On the second widespread concern by users, Kwon said that if the protocol runs out of funds in its Yield Reserve, it will “operate as a regular money market” still offering users around 15% to 16% in incentives. Therefore, he concluded that the protocol, and by extension the ecosystem, “will be fine”. Related Reading | NEAR Records 70% Rally On Terra Integration, Will It Close The Year In Profit? In the future, the team at Terraform Labs will make improvements to reduce “LUNA dominance in Anchor collateral under 40%”. In that way, a similar situation could be prevented. In the meantime, Kwon said: I am resolved to find ways of subsidizing the yield reserve. Anchor is still in the growth phase, and maintaining the most attractive yield in DeFi stable will strengthen that growth & build up moats.

Cloud9 continued their dominance in Halo Infinite in Pro Series Week 4. The Halo Championship Series (HCS) is in full…

The post Cloud9 Defeat Sentinels, Claim Fourth Straight HCS Pro Series appeared first on Esports News Network | ESTNN.

Data centers minting cryptocurrencies in Kazakhstan were cut off from the nation’s power grid this week and will remain unplugged for the rest of January. The measure comes as the country faces electricity shortages blamed on crypto mining and blackouts in the cold winter months. Crypto Miners in Kazakhstan Left Without Power Bitcoin mining facilities […]

Toyota City, Japan, Jan 24, 2022 - (JCN Newswire) - The TOYOTA GAZOO Racing World Rally Team has completed a strong debut event for the new GR YARIS Rally1 with Sebastien Ogier claiming second overall and Kalle Rovanpera finishing fourth at Rallye Monte-Carlo.
Ogier had been on course to claim a record-extending ninth win on the famous event before a cruel late twist in the thrilling weekend-long battle for the victory, suffering a flat front-left tyre on the penultimate stage of the rally. The time lost turned his lead of 24.6 seconds into a deficit of 9.5s. Along with new co-driver Benjamin Veillas, Ogier gave his all in the final stage and, having been handed a 10-second penalty for a jump start, finished just 10.5s from the win.

Fourth was an impressive result for Rovanpera and his co-driver Jonne Halttunen, who made huge strides forward in pace and confidence in their new car from Saturday onwards. In all they claimed three stage wins, including on the rally-ending Power Stage. The five bonus points put Rovanpera third in the championship as the leading full-season contender, with Ogier to contest selected events this year after stepping away from full-time competition.

Elfyn Evans was also in the battle for the lead until he went off the road on Saturday's SS11 and lost 20 minutes. On the final day he set his sights on scoring bonus points in the Power Stage and completed a one-two in the stage for the GR YARIS Rally1.

All three of the team's drivers claimed stage wins over the weekend and the car was fastest on nine of the 17 stages. It demonstrated both impressive performance and reliability despite the challenges of the new Rally1 regulations, which included the introduction of hybrid power to rallying's top level for the first time. In Monaco to join the team and witness the GR YARIS Rally1's successful debut was Kazuki Nakajima, the recently-appointed Vice Chairman of TOYOTA GAZOO Racing Europe.

TGR WRC Challenge Program driver Takamoto Katsuta recorded his third consecutive Rallye Monte-Carlo finish in the top category and claimed eighth place overall, setting a pair of top-three stage times on the final day and scoring the first points for the newly-established TGR WRT Next Generation.

Quotes:

Akio Toyoda (Team Founder)
"It was so close for Seb to achieve his ninth victory in Rallye Monte-Carlo, but I was happy to see that the cooperation with his new co-driver, Benjamin, seemed to be working well. His driving feeling with our new partner, the GR YARIS Rally1, also seemed to be fairly good. This new partner is an electrified car following the new regulations to make this sport more sustainable. I assume it required delicate handling despite its strong power, but Seb quickly made friends with despite it being slightly difficult. I respect him for being able to make friends right away. Also, I would like to express my respect to the leadership of the FIA, WRC Promoter, and all others involved in the preparations as they have helped this historic and traditional World Rally Championship move toward the realisation of carbon-neutrality with electrified cars and new fuel.

Our other crews seemed to be struggling a bit with our new partner, but it was great that a TGR driver set the best time in all stages on Day 3. How well our crew and GR YARIS Rally1 cars are going to get along event by event is something new to look forward to this season, although I still feel something is missing when I see the rally cars leaving the service park quietly.

The base car of our rally car was Yaris until last year, and it changed to GR Yaris from this year. GR Yaris is a production sports car that we, Toyota, made by ourselves to win in motorsports. The car has finally started the real competition stage now. I'm so glad, and I would like to thank everyone who has worked together with me to build GR Yaris. I know that the members who built GR YARIS Rally1 from the GR Yaris also went through a lot of troubles and worked very hard. I have to sincerely thank all members in Finland led by Jari-Matti, and all members in Cologne. The season has just begun and I believe we can continue the good work together.

To the fans, I appreciate your continued support for TOYOTA GAZOO Racing World Rally Team this season. Thank you very much.

P.S.
To the fans and spectators who helped Elfyn and Takamoto on the stages. I watched the videos on social media. Thanks to your big help, two cars were able to continue the rally. Thank you so much!

Jari-Matti Latvala (Team Principal)
"For sure there is some disappointment in this moment because we were so close to winning, but this is motorsport sometimes and we have to accept it. The most important thing is that we know we have a car that is capable of winning and a car which is reliable and this gives us the strength to look to the future and the rest of the season. Seb did a really good job and unfortunately he just didn't have luck on his side today. Kalle has improved so much from the beginning of the rally and he did a really great Power Stage today. Elfyn also showed great performance here, just with a small mistake yesterday, but he also did a good drive in the Power Stage which helps us in the championship. I want to say congratulations to M-Sport and Ford, because it is nice to be competing at the front with them again, and also to Sebastien Loeb for an amazing achievement; it was an incredible battle this weekend that I know the fans really enjoyed."

Sebastien Ogier (Driver car 1)
"It has been a huge joy to compete in this special rally again and to be in this incredible fight. This weekend we don't come out as the winner but we can definitely keep our head up. Together with Benjamin and the team we did the job. We have done a great performance over the weekend and there were no issues on the car, which is a fantastic achievement. Fate decided differently today but I'm still smiling and I still enjoyed this fight very much. Honestly I feel there was nothing I could do about what happened on the penultimate stage. It was a cut I avoided on the first pass but on the second pass it was impossible to avoid, it was very dirty and I had to follow the line of the others. But well done to Sebastien and Isabelle for the victory, they have done a remarkable performance and it was a very tough fight. It's been a good weekend for the sport."

Elfyn Evans (Driver car 33)
"It's been an encouraging weekend in some ways but it's massively frustrating to make the error that was so costly yesterday. I had a good feeling in the car but that doesn't count for much because we finish the rally with very few points, which is a disappointment. I had a pretty good run in the Power Stage but maybe towards the end I didn't make the most of the hybrid system in the tricky conditions. Overall the team has done a really good job. We didn't have a lot of testing but I found a much happier place with the car during the event. I think it performed really well without any issues, so a big thank you to the team."

Kalle Rovanpera (Driver car 69)
"I am really happy to see the progress we made during the rally. I didn't really know what was happening at the beginning but we believed in ourselves, pushed hard and found a good pace in the car. We did everything we could and finally got the setup much better and I could start to learn the car myself. I have to say big thanks to my engineer for pushing with me and doing big changes to the car. So it was a really positive weekend in the end and we could do a good run in the Power Stage also. It's important to get all the points we can so it's nice to be in this position, even if it means we will be cleaning the road in Sweden. That's going to be a bit tricky but we will do our best to be ready for that."

For the latest results please visit www.wrc.com

What's next?
Rally Sweden (February 24-27) is the only full winter event of the season taking place on snow and ice. This year the event moves further north to a new base in Umea meaning all of the stages will be new to the drivers. Metal studs inserted into the tyres bite into the ice to provide grip and allow for some of the highest speeds of the year.


Copyright 2022 JCN Newswire. All rights reserved. www.jcnnewswire.comThe TOYOTA GAZOO Racing World Rally Team has completed a strong debut event for the new GR YARIS Rally1 with Sebastien Ogier claiming second overall and Kalle Rovanpera finishing fourth at Rallye Monte-Carlo.

 After a hectic week one, we head back into the standard two-game weekend format with week two, day two of…

The post LoL: LEC Spring Split 2022 Week Two Day Two Recap appeared first on Esports News Network | ESTNN.

To think through how bitcoin will replace the U.S. dollar, we must first turn to the dollar’s own journey in leaving a gold standard.

Solana has been a cryptocurrency blockbuster this year, and even 2021. However its token (SOL) went into free fall, following technical difficulties in its network. But did that hinder its growth? Well, not really. In fact, it gained more support- just recently JP Morgan, one of the largest banks in the world gave a vote of […]

Paris, France, Jan 20, 2022 - (ACN Newswire) - Recently, CheckDot has announced the launch of its platfrom which will save the crypto industry. CheckDot is a platform where a large number of projects are listed and rated according to criteria such as age, social network verification, code quality, ease of finding information, transaction fees and many other features. Many services are publicly available right now, including the ability to request advice or perform audits on specific projects. Other services are under development, covering the entire blockchain sector.

In the speculative and disorderly world of crypto, one thing is for certain: there are lots of new projects. The crypto-currency industry will continue to grow at a rapid pace. There is no shortage of projects in the crypto-currency industry that make outlandish claims about how their project will go "to the moon".

It can be tricky trying to decide which projects are worth investing in. To make this choice, many crypto-currency enthusiasts turn to social media or the online community for opinions on various projects. Others choose to painstakingly read project white papers. Anyone with a basic understanding of blockchain technology and code can develop their own cryptocurrency. Not everyone who creates a new coin or token is doing it in good faith. Some developers create projects to steal the investor's money.

The overall problem in crypto is that no one is evaluating the validity and legitimacy of these new projects. However, a solution to this problem has emerged with CheckDot. CheckDot is a blockchain technology company that launched the first ever decentralized trust protocol in November 2021.

How CheckDot works

CheckDot performs the very important function of determining the value and legitimacy of cryptographic projects for the community. This includes smart contracts, NFTs, projects, etc. This is done anonymously to protect the privacy of users while providing access to information about certain projects.

CheckDot's mission is to help projects and companies improve trust by allowing people to anonymously validate and verify their value. Built on the Binance Smart Chain Network, CheckDot also acts as an opinion platform and collects information from several individuals on the blockchain. It then calculates and publishes this information on the official CheckDot website (www.checkdot.io). Crypto investors can see the objective evaluation and opinions about a project easily which makes doing your own research (DYOR) much quicker.

The bursting of the ICO bubble around 2018 and the many pump-and-dump projects that came and went eroded public confidence and led to a trust deficit in the market. With CheckDot, this lack of trust can be corrected.

Anyone wanting to participate in the CheckDot verification process will get rewarded and paid in CDT. CheckDot has compiled a list of many different blockchain activities: smart contract audits, KYC audits, NFT trust indexes, rare objects, anonymous forms, e-commerce pre-audit notifications, business audits, e-document audits and service trust analysis. Anyone who engages in any of these activities will receive a reward in the form of CDT tokens, CheckDot's own native token. Users are expected to hold a certain amount of CheckDot tokens and will receive more upon completion of these activities. Investors and individuals looking to participate in the verification process can purchase CDT on centralized and decentralized exchanges. More information about CheckDot can found on the official website www.checkdot.io

Make sure you protect your investment. Always look for the CheckDot score before investing in any crypto project.

Social Links:
Telegram: https://t.me/checkdot
Instagram: https://www.instagram.com/checkdot_protocol
Linkedin: https://www.linkedin.com/company/checkdot
Twitter: https://twitter.com/CheckdotProto

Media contact:
Company: CheckDot
Contact: Jeremy Guyet
E-mail: [email protected]
Website: https://checkdot.io/

SOURCE: CheckDot

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.com

Investors betting that El Salvador will default over the next five years have more than tripled credit swap prices since it adopted Bitcoin.

The post Will El Salvador default on its debt because of Bitcoin? Markets say yes appeared first on Protos.