On September 1, according to GlobeNewswire, the #Web3 social platform Blockify announced the appointment of #Marcos Kraemer as the #company's new chief legal and compliance officer
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Hinz points to #Argentina's annual inflation rate as high as 90%. Argentina has become one of the company's biggest markets, along with #Brazil and #Mexico. Despite plunging cryptocurrency prices, Argentines are pouring their savings into #Bitcoin this year
On Aug. 11, an executive at the #cryptocurrency exchange #Binance said the number of clients on the exchange had surged as rising inflation and a strong U.S. dollar weighed on emerging market currencies. The executive did not disclose specific numbers.
Maximiliano Hinz, head of Latin America at #Binance, said: “Now we are seeing increased global inflation and more and more people are looking to cryptocurrencies, such as #Bitcoin, as a way to protect themselves from inflation.”
On August 1, according to Nikkei Asia, #Singapore-based venture capital firm Insignia Ventures Partners announced that it has completed a $516 million fundraising and will focus on the #Web3 industry while focusing on the Southeast #Asian market.
On July 15, according to #CME's "Federal Reserve Watch": the probability of the Fed raising interest rates by 75 basis points by July is 51.2%, and the probability of raising interest rates by 100 basis points is 48.8%.
On May 15, #Cointelegraph reported that a survey released by software development company #Globant showed that 34 percent of respondents expressed interest in conducting #crypto transactions in the #Metaverse. The survey polled 1,000 PC, console or mobile #gamers.
On July 13, the swap market showed that traders now see the possibility of a 100-basis-point rate hike by the #Federal#Reserve in July, following a higher-than-expected inflation reading in June.
The rate on the July contract briefly rose to 2.416% after the consumer price data was released, about 83.6 basis points above the current effective federal funds rate.
In addition, zbyte will launch the public token ZBYT in the fourth quarter of this year to accelerate the adoption of blockchain technology by the developer community and enterprises.
On July 12, #Web3 startup zbyte announced the completion of a $10 million private placement financing. The specific financing information has not been disclosed.
The company plans to use the financing to build a decentralized blockchain platform based on a low-code, no-code (low-code, no-code) interface and launch a Dapp app store.
Earlier news, the Short Bitcoin Strategy #ETF (#BITI), which was listed on June 21, does not directly invest in or short bitcoin, but instead benefits from the fall in the price of bitcoin futures contracts.
On July 6, according to Arcane Research data, #ProShares launched the first short Bitcoin Strategy #ETF (#BITI), the first exchange-traded fund (#ETF) to short Bitcoin.
After only four days of trading last week, it became the second-largest bitcoin-related #ETF in the U.S., with net short exposure further increasing, increasing by more than 300% last week to 3,811 bitcoins.
Consumers are looking to hedge against a potential devaluation of the Argentine peso (#ARS), whose purchasing power has plummeted over the past year amid soaring inflation, the three major cryptocurrency exchanges said.
#Argentines are buying three times as many #stablecoins as usual after the country's economy minister, Martin Guzmán, resigned Saturday amid the economic crisis, the Argentine #crypto firm said.