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How Shake Shack Is Trying to Capture Younger Consumers by Offering Bitcoin Rewards

In a promotion intended to attract younger customers, burger chain Shake Shack is offering customers 15% back in bitcoin on any purchase made with Cash Card, a debit card available to Cash App users.

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Venezuela’s Maduro Announces 18-Fold Increase to Minimum Wage, Pegged to Official Cryptocurrency

According to a Bloomberg report, Venezuela President Nicolas Maduro announced a 18-fold increase in Venezuela’s monthly minimum wage to roughly 126 bolivars ($28) by pegging it to the value of half a petro, the government’s cryptocurrency being the petro (PTR).

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Videos

Ukraine DAO Founder on Raising Nearly $7M, Support From Vitalik Buterin

Alona Shevchenko, Ukraine DAO founder and an activist, joins “First Mover” to discuss her crypto crowdfunding efforts to support Ukraine in war time, which has raised almost $7 million. Shevchenko explains how her experience with decentralized autonomous organizations led her to create the Ukraine DAO, their collaborative efforts with the Ukrainian NGO Come Back Alive, and the value in the community network of DAOs. Plus, insights on the DAO’s LOVE token and Ethereum founder Vitalik Buterin’s involvement with the project. 

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Unchain Fund Raises Nearly $2M for Russia-Ukraine, Venture Capital Turns Humanitarian Amid Crisis

Kenny Choo, founding partner at True Global Ventures, joins “First Mover” to speak on the Unchain Fund’s actions to provide humanitarian aid in the Russia-Ukraine war, as the initiative has now raised nearly $2 million.

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Could China and The Digital Yuan Help Russia Amid Global Sanctions?

Ananya Kumar, GeoEconomics Center assistant director at the Atlantic Council, discusses the economic relationships between Russia and China and how China’s e-CNY may help facilitate a shift away from the U.S. dollar.

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Korean Exchanges Block Russians; Crypto’s Role in Conflict

South Korea’s licensed crypto exchanges all block Russian accounts. Ukraine cancels planned airdrop with NFTs to be released instead. Russian sanctions hurting as citizens look for safe havens. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”

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MetaMask and Infura Block Services Amid Regulatory Concerns

CoinDesk Managing Editor for Global Policy and Regulation Nikhilesh De joins “First Mover” to share his insights on why MetaMask and Infura restricted access for some users in certain parts of the world like Venezuela. De touches on the increasingly prevalent influence of regulatory bodies on the crypto industry and the true nature of decentralized technology. 

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Wages Aren’t Rising With Inflation, Can Crypto Help?

Michele Schneider, MarketGauge Group managing director, shares her crypto markets update with “First Mover” following Fed Chair Jerome Powell’s testimony on inflation and the release of the jobs report from the U.S. Bureau of Labor Statistics. Schneider addresses the economic tensions that arise as inflation increases while wages stay stagnant, and the uptick in crypto transaction volumes from Russia and Ukraine. 

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Stablecoin Supply Ratio Rises Alongside Crypto Prices

In today’s “Chart of the Day” segment, Christine Lee presents a chart illustrating the stablecoin supply ratio (SSR), which has risen over the past week alongside crypto prices. Questions arise about whether traders will choose to hold their stablecoins or bitcoin, and how these decisions can affect price shifts.

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Optimas CEO on Inflation: Fed Chair Powell Will ‘Turn to Quantitative Easing Within 6–7 Months’

Optimas CEO and founder Octavio Marenzi shares his insights on Fed Chair Jerome Powell’s plans for a quarter-point rate hike later this month, believing this is only a short-term concern and Powell is likely to utilize quantitative easing (QE) within the next six to seven months.

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