Flare price surging as Deutsche Bank failure push markets down: here’s why

2023-3-26 12:14

Flare price has surged by more than 12% today as the global market cap dropped by about 2.20% after Germany’s largest multinational lender Deutsche Bank shares tumbled on Friday as financial industry fears continue to spread following the string of global bank failures, especially in the US, this month.

Today’s crypto market plunge is highly attributed to yesterday’s Deutsche Bank shares dive and the hard European bank stocks plunge on Friday following the collapse of Credit Suisse and several other banks in the United States. Deutsche bank shares fell after the cost of insuring the bank’s debt against the risk of default shot to a four years high.

But why is the price of Flare (FLR) rising as the rest of the major cryptocurrencies plunge? Bitcoin and Ethereum, for example, have dropped by about 2% and 3% respectively over the past 24 hours.

Here’s why Flare price is rising today

The price of the FLR token has been on the rise since Flare launched the FlareDrop on March 14 less than a month after Flare blockchain demonstrates buying NFTs on its chain using tokens on a different blockchain.

Flare plans on holding a series of 36 monthly FlareDrops totalling 24.2 billion FLR to active Flare community members who have wrapped their Flare tokens. The drops started on March 17 with tokens being claimable at 12:00 UTC every 30 days after March 17, 2023. Any unclaimed FLR drop tokens 67 days after each distribution will be burned.

Yesterday (March 25) Flare announced through a post on Twitter that the first FlareDrop that started on March 17 has already been completed and that the next drop will be started on April 16 as scheduled. The rate at which the FLR token drop has been embraced by the community represents an increased appetite among the community for the FLR token, something that is most likely pushing the price of Flare up.

The FlareDrops are scheduled to continue until January 2026 with the last drop scheduled for January 30, 2026.

The post Flare price surging as Deutsche Bank failure push markets down: here’s why appeared first on Invezz.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Time New Bank (TNB) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.01 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0020147 (-100%)

bank global flare price deutsche financial month

Источник: invezz.com

bank global → Результатов: 126


While Regulators Focus on Bitcoin, Russia’s Largest Private Bank Laundered $9 Billion

A group of investigative journalists uncovered a $9 billion money laundering scam rooted from Russia’s largest private bank and unsurprisingly, it doesn’t involve Bitcoin. The scheme, which enabled perpetrators to funnel billions from shell companies to the global banking system, was exposed by the Organized Crime and Corruption Reporting Project (OCCRP) with assistance from the Guardian.

2019-3-6 16:12


Illusion of Independence, IMF & World Bank Used as “Conventional Weapons” by US Military

“Some of the best weapons do not shoot,” states the leaked military manual titled “Army Special Operations Forces Unconventional Warfare” that was recently highlighted by WikiLeaks where the US Army states that major global financial institutions such as IMF and World Bank are used as unconventional financial weapons in times of not only conflict but […]

2019-2-10 23:43


Токены Gram Павла Дурова оценены почти в $30 млрд

Капитализация будущей криптовалюты Павла Дурова к концу текущего года может составить $29,5 млрд. Как следует из отчета Hash Crypto Investment Bank, целевая цена токена Gram на блокчейн-платформе Telegram Open Network (TON) значится $5,9 за один токен к концу года.

2019-2-7 08:24


Chilean Anti-Monopoly Court Grants Protection To Local Crypto Exchanges And Their Bank Accounts

Breaking: Chilean Anti-Monopoly Court Rules In Favor Of Local Crypto Exchanges In what can only be considered to be a landmark decision for the global crypto community as a whole, the Chilean anti-monopoly court has recently released an order that “grants protection” to local cryptocurrency exchanges by forcing banks to keep their accounts open— thus […]

2019-1-4 19:21


Bitcoin Proponent Ron Paul: ‘Tax free Bitcoin and crypto will prevent next Fed-created recession’

Going by the recent development in the US banking sector, that has seen the US Fed Reserve, the central bank of US raise interest rate the fourth time in 2018, which many believe could lead to a recession in the US and a global recession by 2019, former IMF economist, who also was a former […] The post Bitcoin Proponent Ron Paul: ‘Tax free Bitcoin and crypto will prevent next Fed-created recession’ appeared first on ZyCrypto.

2018-12-21 14:15


Интервью с Максом Кайзером: покупайте биткоины, «оставьте альткойны идиотам вроде Джейми Даймона»

Известный телеведущий и кинорежиссер, а ныне ведущий программы Keiser Report на канале RT Макс Кайзер (Max Keiser) поделился с изданием Bitcoinist мыслями о последних событиях во Франции, о том, как Россия может использовать биткоин и почему биткоин остается королем криптовалют.

2018-12-13 15:22


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

DZ Bank launches blockchain-based crypto custody platform

DZ Bank AG, one of Germany’s largest financial institutions, has entered the crypto custody space by unveiling its digital assets custody platform, underpinned by blockchain technology. The move comes as part of a broader trend in the German banking sector towards offering cryptocurrency services despite regulatory challenges.

Goldman Sachs singles out Bitcoin as the top-performing asset

Goldman Sachs Group Inc (NYSE: GS) has ranked Bitcoin as the best-performing asset of the year. At press time, BTC/USD was trading above $28,000, making it more valuable than gold (XAU/USD), S&P 500, and Nasdaq 100 index among many other traditional financial assets.