SGD to USDT Buy Tether USD in Singapore dollar - cyptoranking.com

2024-05-07

Popular crypto exchanges(2023 Update) 2024-05-07
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The partnership between Bitget Wallet and Sunflower Land aims to provide an immersive and innovative gaming experience for crypto enthusiasts. Source: Sam Cooling x XreschAbracadabra Finance has put forth a proposal aimed to adjust interest rates to mitigate the risk of bad debt resulting from an $18 million loan to Curve Finance founder Michael Egarov. The proposal suggests hiking interest rates on the loan to 200% on two specific pools known as "cauldrons," which consist of CRV tokens belonging to Michael Egarov. The current interest rate on Egarov's $18 million loan is 18%, but the proposed protocol aims to raise it to a whopping 200%, effectively squeezing Egarov out of his position. By doing so, Abracadabra hopes to limit its exposure to CRV tokens to only $5 million.The proposed interest rate hike is not a sudden increase in rates, but rather a gradual decrease that starts at 200% and decreases as the loan is repaid through the automatic sale of CRV tokens. Developers anticipate that this strategy will result in the loan being fully repaid within six months, with all proceeds going to the Abracabadra treasury. "The effect of collateral-based interest is such that all interest will be charged directly on the cauldron’s collateral and will immediately move into the protocol’s treasury to increase the reserve factor of the DAO," the proposal reads."We believe this solution will reduce negative externalities associated with such positions compared to a simple interest rate hike"Big Whale Opposes Abracadabra Finance's Proposal It is worth noting that the proposal initially gained substantial support from the Abracadabra community.As of Wednesday at 13:00 UTC, a majority 99% of votes were cast in favor of the prposal. However, the poll has since changed course after a big whale voted against the plan. Earlier today, whale masterofdisaster.eth cast 10 billion SPELL tokens against the proposal.As of now, a majority 72% of votes are against the proposal, with another 27% supporting the change.Abracadabra community member known as "0xthespaniard" had previously voiced concerns about the risks associated with such a large loan.In a June post, the user acknowledged that the 18% interest rate contributes significantly to the protocol's profitability, but also highlighted the platform's asymmetric downside risk. At the time, they said that a liquidation event could prove fatal for the Abracadabra protocol due to the anticipated price impact on Curve's decentralized exchange.As reported, Curve Finance, a major player in the stablecoin swapping landscape, recently experienced a security incident that led to the loss of more than $100 million worth of crypto assets. The exploit also resulted in a decline in the price of CRV tokens, putting a $168 million holding belonging to founder Michael Egorov at risk of being liquidated. Crypto Billionaire Arthur Hayes' Vision: AI DAOs to Become Invincible, Driving DeFi's Supremacy over TradFi SGD to USDT Buy Tether USD in Singapore dollarDisadvantages of Decentralized Cryptocurrency Exchanges These physical activations of digital technology gamify the mural exploration, combining aesthetic appreciation with digital rewards and enhancing the connection between art, technology, and the viewer. The NFI feature not only deepens engagement with the art but will also symbiotically support local commerce, intertwining community, technology, and art in a seamless and mutually beneficial experience.

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Sui Chung: The discourse is happening within the four walls of the SEC. That's where the discourse is happening, and the comments, they do read them. They will become sort of agenda items within that internal discourse within the SEC. That's kind of how it works. Binance tight-lipped on projects funded by $1B crypto recovery fund ATHEX: Bourse ends week before polls higherSmart contract hacking: Smart contracts are prevalent in certain blockchain networks, such as Ethereum, and can be integral to setting up a decentralized hosting service. However, just like any other software, they can have serious security vulnerabilities that can expose user information or, more commonly, result in financial losses. BlockFi will continue to seek recoveries from the Three Arrows Capital and FTX bankruptcies as part of the plan, which would then increase recoveries for customers.

“Taken together, these changes extend our runway to well over three years,” Cutler wrote in the email. CHZ Funding Rate (Source: Coinglass) Coinbase Introduces Bitcoin and Ether Futures for Institutional Investors on Derivatives ExchangeThe Block: So, in that sense, do you think that there is more progress to be made on the crypto exchange side of things in terms of these information sharing mechanisms? Do they even have this capability right now to function like traditional finance, or does that still need to be built out? — Ali (@ali_charts) October 9, 2023

American supermarket chain Trader Joe’s is pursuing legal action in California to resolve a trademark dispute with a crypto platform that bears a strikingly similar name. If this is the case, there might be a different outcome to the altcoin’s performance this year when compared to 2019. This could suggest that the ETH / BTC valuation might not suffer as much as Cowen anticipates. Philippine Special Economic Zone Grants Licenses to Three Crypto ExchangesThe funding was co-led by Chris Dixon at Andreessen Horowitz (a16z) and Neil Mehta at Greenoaks. Investors Naval Ravikant, Balaji Srinivasan and the founders of streaming platform Twitch also participated, as well as Web3 firms Anchorage Digital, Mercury, Firebase, Zynga and Alchemy. “A strict policy has been implemented that requires at least four out of seven signatories to move funds out of the wallet.”

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