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Forwarded from Power Crypto News
#Frax ¤ #Finance
Frax
Stablecoin & Frax Share

🇬🇧 Here is in a few words the difference between the 2 values:
👉 Frax #FRAX is a decentralized, fractional-reserve #Stablecoin launched on the Ethereum network and pegged to the dollar. 1 #FRAX will always equal 1 #USD.
👉 Frax Share #FXS is the non-stable governance #Token of #FRAX. it evolves like a crypto and can be traded on exchanges.

🇫🇷 Voici en quelques mots la différence entre les 2 valeurs:
👉 Frax #FRAX est un #Stablecoin algorithmique à réserve fractionnaire décentralisé, lancé sur le réseau Ethereum et indexé sur le dollar. 1 #FRAX sera toujours égal à 1 #USD.
👉 Frax Share #FXS est le #Token de gouvernance non-stable de #FRAX. il évolue comme une crypto et peut se trader dans les exchanges. 😋

@PowerCryptoNews
⚠️ #FRAX, a Perfect "Case Study"
(
#FRAX, un parfait cas d'école !)

👉 So far, the #FRAXshare Trading Strategy has been applied perfectly. Detection of the "Cup with Handle" pattern, Buy Entry on the Breakout with Re-Test of the Handle, and followed by an Uptrend Rally to reach the Minimum Target Price, for both pairs $USD & $BTC.

https://www.tradingview.com/chart/FXSUSD/racs4Xit-FRAX-a-Perfect-Case-Study/

👉 #FXSUSD Take-Profit Target:
▫️Buying Entry on 11/10: $5.60
🔹TP4: $11.80 +110.71% /14-day 🚀

👉
#FXSBTC Take-Profit Targets:
▫️Buying Entry on 11/10: 0.000105 BTC
🔹TP3: 0.000183 +74.29% /14-day 🚀
🛑 Terra's Luna Collapsing‼️

$LUNA dives -77% in the last 24-jour and continues to fall, after the network's #Stablecoin $UST lost its dollar peg again.

The reasons remain unclear but an organized attack seems to be the cause of this collapse, adding to the pressure on $BTC and the whole Alts market.

At this stage, your biggest mistake would be catching that falling knife... Stay tuned!

#LUNAUSD #USTUSD
UK Proposes Regulations that would recognize Stablecoins as form of payment.

⚡️HM Treasury said yesterday that it intends to revise its existing regulatory framework to include #Stablecoin, which is used as a payment method.

⚡️Finance Minister Rishi Sunak said, “My ambition is to make the UK a global hub for cryptocurrency technology, and the measures we have put together today will allow businesses to invest, innovate and scale up in this country.

https://thedefiant.io/uk-stablecoin-regulation/