NFT lending protocol Bend DAO proposes emergency changes amid credit crisis

On Monday, developers of decentralized nonfungible tokens (NFTs) borrowing and lending protocol Bend DAO proposed new emergency measures in an attempt to stabilize the ecosystem. The same day, it was revealed that the project had just as little as 15 wrapped Ether (wETH) worth $23,715 to pay back lenders. Approximately 15,000 ETH was lent using the mechanism. To save the …

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Premium Income

What is Premium Income? Premium income can refer to the proceeds an investor derives from writing (selling) options contracts or the income an insurer derives from payments from policyholders. In both cases, premium income comes from the sale of risk protection to a buyer. Investors can sell options for premium income through several strategies that reduce their overall exposure to …

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Indonesian Rupiah (IDR) Definition

What is the Indonesian Rupiah (IDR)? The Indonesian rupiah (IDR) is the official currency of Indonesia, a Southeast Asian country made up of thousands of small islands. Indonesia was a Dutch colony until 1942 when it was invaded by Japan during World War II. After the war, Indonesia gained independence in 1945. The rupiah was introduced a year later, in …

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Tencent receives patent for blockchain-based missing persons poster

According to local news outlet 36kr.com, Chinese technology conglomerate Tencent recently received a novel patent for a blockchain-based missing person’s poster. The patent took nearly three years to be awarded from the date of its first submission in December 2019. The patent consists of a data generation request upon user submission that a person has gone missing. The proposal is …

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Negative Arbitrage

What is negative arbitrage? Negative arbitrage is the lost opportunity when bond issuers take on the proceeds of debt offerings and then hold that money in escrow for a period of time (usually in cash or short-term cash investments) until that the money can be used to finance a project or to repay investors. Negative arbitrage can occur during a …

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How Carlos Slim Built His Fortune

Imaginez si l’épicerie, le fournisseur de téléphonie mobile et la plus grande entreprise nationale de construction appartenaient tous à la même entreprise. Vous pouvez acheter à peu près n’importe quoi et ne jamais avoir à enrichir des concurrents. C’est essentiellement la situation au Mexique, où réside l’une des personnes les plus riches du monde, Carlos Slim Helú. Comment il a …

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Data shows Bitcoin and altcoins at risk of a 20% drop to new yearly lows

After the rising wedge formation was broken on Aug. 17, the total crypto market capitalization quickly dropped to $1 trillion and the bulls’ dream of recouping the $1.2 trillion support, last seen on June 10, became even more distant. Total crypto market cap, USD billion. Source: TradingView The worsening conditions are not exclusive to crypto markets. The price of WTI …

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40 Best Womens Watch Brands 2022

There are a number of factors to consider when choosing the best women’s watch brand. First, it is important to consider the style of the watch. Some brands specialize in sporty or casual watches, while others offer more elegant options. Second, it is important to think about the materials used in the construction of the watch. S ome brands use …

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Tom Barkley

Live Tom Barkley is a seasoned writer and editor specializing in the global economy, financial markets and the environment. For 15 years at Dow Jones and The Wall Street Journal, Tom covered a range of financial markets and policy issues. He helped lead coverage of the 2008 global financial crisis as the Washington bureau’s senior international trade and finance reporter. …

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