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TerraUSD collapse will ‘probably be the end’ of most algorithmic stablecoins Posted by: superadmin - 06-02-2022, 08:59 PM - Forum: Business, Economy and Investment - No Replies TerraUSD collapse will ‘probably be the end’ of most algorithmic stablecoins, crypto exec says TerraUSD or UST, is an algorithmic stablecoin which was supposed to be pegged to the U.S. dollar. But it lost its dollar peg, collapsed and sent shockwaves through the crypto market. Reeve Collins, co-founder of BLOCKv and co-founder of another stablecoin tether, said the terraUSD debacle will “probably be the end” of so-called algorithmic stablecoins. The crypto industry also warned that regulation is likely to come for stablecoins as global governments look at the risks in the space. Algorithmic stablecoins like terraUSD, which collapsed and sent shockwaves through the cryptocurrency market, are unlikely to survive, the co-founder of digital currency tether told CNBC. Stablecoins are a type of cryptocurrency that is usually pegged to a real-world asset. TerraUSD or UST, is an algorithmic stablecoin which was supposed to be pegged to the U.S. dollar. Whereas stablecoins like tether and USD Coin are backed by real-world assets such as fiat currencies and government bonds in order to maintain their dollar peg, UST was governed by an algorithm. UST lost its dollar peg and that also led to a sell-off for its sister token luna, which crashed to $0. The debacle has led to warnings that algorithmic stablecoins might not have a future. - More -   A Birthday Gift To DFTW: Solo Dancers On a Gloomy Stage Posted by: superadmin - 06-02-2022, 07:32 PM - Forum: Politics - No Replies   Nicol David sets sights on changing kids’ future via NGO Posted by: superadmin - 06-02-2022, 07:04 PM - Forum: Inspiring Stories - No Replies PETALING JAYA: Malaysia’s squash legend Nicol David has launched the Nicol David Organisation (NDO), which seeks to empower children from less privileged backgrounds through sports and education. Founded by David and former Colombian squash player Marina de Reyes, NDO will provide subsidised after-school squash training and English tutoring for children between eight and 12 years old from low and middle-income families. The NGO’s lead programme, dubbed “Little Legends”, was designed by David in collaboration with the US embassy and will bring the children through five years of training and classes at the Bukit Jalil Golf & Country Resort. The launch today was attended by the Yang di-Pertuan Agong, Sultan Abdullah Sultan Ahmad Shah, and Raja Permaisuri Agong, Tunku Azizah Aminah Maimunah Iskandariah, as well as youth and sports minister Ahmad Faizal Azumu. - More -   US govt 'biggest producer of terrorism within or outside America,' Posted by: superadmin - 06-02-2022, 11:56 AM - Forum: Politics - No Replies US govt 'biggest producer of terrorism within or outside America,' victims around the world should sue: experts After frequent gun shooting cases nationwide in the US that caused heavy casualties, including children, the White House and Capitol Hill are trying to show that they are trying to find a solution under pressure from society, as US President Joe Biden said  Congress "must act to pass gun control legislation."  Biden vowed that he will continue to push relevant reforms, but he also said "I can't dictate this stuff" as it's ultimately up to the House and the Senate. However, ironically, Biden and Congress with endless partisan struggles can reach an agreement and easily pass weapon supplies worth billions to Ukraine to earn money from the wars in regions far from the US, said analysts, noting that although  Democrats and Republicans have differences on domestic issues like gun control, they  all serve the military industrial complex, and benefit in different ways. - More -   You Won't Believe what Antony Blinken said about China Posted by: superadmin - 05-31-2022, 08:29 PM - Forum: Politics - No Replies   Petronas records profit after tax of RM23.4bil in Q1 Posted by: superadmin - 05-31-2022, 07:56 PM - Forum: Business. Economy and Investment - No Replies KUALA LUMPUR: Petronas’ profit after tax increased to RM23.44 billion for the first quarter ended March 31, 2022 (Q1 FY2022) versus RM9.22 billion a year ago in tandem with higher revenue, following an upward trend in prices partially offset by higher product costs and taxation. Revenue stood at RM78.75 billion against RM52.55 billion a year ago, predominantly due to the price impact on major products in line with higher benchmark prices, the group said in a statement today. “Earnings before interest, tax, depreciation and amortisation stood at RM39.55 billion, mainly attributable to higher revenue partially offset by an increase in product costs. “Cash flows from operating activities stood at RM27.88 billion in line with higher cash from operations (Q1 FY2021: RM14.29 billion). - More -   Penang honours football legend M Kuppan with his own road Posted by: superadmin - 05-31-2022, 07:53 PM - Forum: Football - No Replies GEORGE TOWN: The Penang state government will be renaming a road in Butterworth after Malaysian football legend M Kuppan in July. Bagan Dalam assemblyman Satees Muniandy filed an application to rename the road in January. The state infrastructure committee approved it this week. The road, now known as Jalan Jiran, will be named Jalan M Kuppan to commemorate his services to the state. “This is the first time a road in Penang will be named after a football legend,” said Satees in a statement. - More -   The US Will Not Entertain Taiwan Without Money on the Table! Posted by: superadmin - 05-31-2022, 02:48 PM - Forum: Politics - No Replies   Zii Jia to participate in S’pore Badminton Open 2022 Posted by: superadmin - 05-31-2022, 09:44 AM - Forum: Badminton - No Replies SINGAPORE – Malaysia’s world no. 5 Lee Zii Jia and Indonesia’s star shuttlers Anthony Sinisuka Ginting and Jonatan Christie are part of a world-class men’s singles field set to compete in the US$370,000 (RM1.6 million) Singapore Badminton Open. The Singapore Badminton Open 2022, the largest and most prestigious badminton event in Singapore, is making its return on July 12-17 after a pandemic-enforced two-year hiatus. According to the Singapore Badminton Association (SBA), more than half of the top-ranked male players in the world have registered for the tournament, including Denmark’s world no. 1 Viktor Axelsen and world no. 3 Anders Antonsen and Singapore’s 10th-ranked Loh Kean Yew. “Lee, in particular, will be an exciting talent to watch. The 24-year-old is in fine form, having won two titles and making two semi-finals from four events this year,” said SBA in a statement issued here yesterday. - More -   Blinken Is In No Position To Accuse China Of Anything! Posted by: superadmin - 05-30-2022, 08:57 PM - Forum: Politics - No Replies Pages (1325): « Previous 1 … 817 818 819 820 821 … 1325 Next » Jump to page: