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Rappi, which operates in Latin American countries, launched payment services in Mexico to challenge its rival firm MercadoLibre which has also acquired crypto firms recently. Rappi, which offers on-demand deliveries of food and other goods across Latin America, will allow users to turn crypto into credits within the app to make purchases.

Terra’s founder Do Kwon has the envious task of accruing $10 billion worth of Bitcoin (BTC) to back UST’s reserves.Ĭolombian delivery app Rappi has partnered with crypto assets company Bitpay and Bitso to launch a new crypto pilot program in Mexico. The purpose of the fresh fund is still unknown even as the announcement was made on Twitter on Thursday. LFG works to collateralise TFL’s stablecoin Terra to keep it pegged with the US dollar. The new tranche of help comes after LFG got a $1.1 billion grant last week. Terraform Labs (TFL), maker of Terra blockchain, has made a copious grant of 10 million LUNA, worth $820 million, to Luna Foundation Guard (LFG), a non-profit organisation. Terraform Labs gives $880 million to Luna However, Twitter seems to have pushed back on the idea so far. Additionally, Musk taking over Twitter is seen as a boon by a majority of crypto investors as he has been vocal about cracking down on the rampant scams that have been targeting amateur investors. Recently, the Tesla CEO advocated for DOGE as one of the payment options for Blue, causing an 8 per cent gain in the asset. Twitter has a subscription service called Twitter Blue that allows users to undo tweets and has an option to edit the tweet within 20 seconds of tweeting. This application is especially prominent in crypto art, although there are other applications: gaming, sports and collectibles are other segments where NFT sales occur.If you are wondering what this has to do with DOGE, then here’s it.

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These digital blockchain assets can essentially function as a unique code connected to a digital file, allowing to distinguish the original file from any potential copies. NFTs or non-fungible tokens grew nearly ten-fold between 20, as can be seen in the market cap of NFTs worldwide. NFTs: the most well-known application of Ethereum Essentially, Ethereum facilitates DeFi – meaning that if DeFi does well, so does Ethereum.

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Ethereum’s future developments are tied with this industry: Unlike Bitcoin and Ripple, Ethereum is technically not a currency but an open-source software platform for blockchain applications – with Ether being the cryptocurrency that is used inside the Ethereum network. One example includes crypto wallets such as Coinbase Wallet that grew in popularity in recent years, with other examples including smart contractor Uniswap, Maker (responsible for stablecoin DAI), money lender Dharma and market protocol Compound. This industry used technology to remove intermediaries between parties in a financial transaction. Price developments on Ethereum are difficult to predict, but cannot be seen without the world of DeFi – or Decentralized Finance. Second, the arrival of Uniswap V3 in May 2021 – a smart contract protocol - is expected to further optimize Ethereum trading.

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First, the so-called “Berlin update” rolled out on the Ethereum network in April 2021, an update meant to pave the way for reduced ETH gas prices – or reduced transaction fees. Unlike Bitcoin – of which the price growth was fueled by the IPO of the U.S.’ biggest crypto trader Coinbase – the rally on Ethereum came from technological developments that caused much excitement among traders. Much like Bitcoin (BTC), the price of ETH went up in 2021 but for different reasons altogether: Ethereum, for instance, hit the news when a digital art piece was sold as the world’s most expensive NFT for over 38,000 ETH – or 69.3 million U.S. The Ethereum (ETH) price in USD soared to new heights in November 2021, reaching over 4,800 U.S.

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