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The folks from the digital coin industry, have been following up with the town’s biggest lawsuit. Now find yet another extension in one of the motions in the lawsuit. As the court grants, the SEC’s motion for extension of time to respond to Ripple’s motion. To strike the supplemental expert report. The lawsuit now finds …
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USDC, USDT, BUSD, PAX, TrueUSD, and DAI are all examples of stablecoins that have recently gained popularity. They have an issue with price stability and liquidity (particularly decentralized stablecoins). When MakerDAO reduced its stability charge to 5.5 percent, many customers of Compound (which had an interest rate of 11 percent at the time) decided to stay because they had taken out a loan in DAI and changing DAI to USDC is a costly procedure. At the same time, many DeFi users are eager to lend their stablecoins in exchange for a 5% APR, which is far higher than what traditional banking gives. Users would be hesitant to provide the same money to trading firms that guarantee profits. Curve Finance addresses the issue of lack of liquidity while trading Stablecoins and high costs. Introduction Curve Finance uses liquidity pools and bonding curves to enable high-efficiency stablecoin trading and low-risk rewards for liquidity providers. When trading from one stablecoin to another on Curve, customers are not vulnerable to the price slippage on DEXs. Curve, unlike Uniswap, lends assets on Compound when they aren’t being traded and pays liquidity providers interest on those loans. Curve was created as an alternative to trading stablecoins on general-purpose DEXes like Uniswap, which have algorithms that aren’t designed for such transactions. Curve’s debut resulted in increased liquidity and more competitive prices for stablecoins. As interest rates in money markets changed, DeFi lenders might quickly and efficiently switch from USDT to USDC or USDC to DAI etc. Curve is an Ethereum-based exchange liquidity pool. The Curve is built for incredibly efficient stablecoin trading and low-risk trading fees go to liquidity providers and veCRV holders. Curve currently offers over 40 distinct official liquidity pools, with the tricrypto2 (USDT / wBTC / WETH) and 3pool (DAI / USDC / USDT) being two of the most popular. However, it’s worth noting that pegged asset trading is still a big part of the market. CRV Token CRV is the Curve protocol’s governance token. It is primarily utilized to incentivize liquidity to the platform. The rise in capital benefits Curve users because it gives more trading liquidity and decreases slippage for end-users. Voting, staking, and raising rewards can be gained by using the CRV token. Users can participate in the community and can introduce or vote on proposals. Depositors can obtain 50% of all trading fees generated by the protocol by staking their CRV tokens. Liquidity Providers can use boosting to increase their CRV awards by up to 2.5x. To access all of these features, token owners must lock their CRV in Curve for vote-escrowed CRV (veCRV) in exchange. The longer the CRV is locked in Curve, the more veCRV you received. For example, 1,000 CRV locked for a year produces 250 veCRV, but the exact amount locked for four years produces 1,000 veCRV. As a result, the longer the lock-up period, the greater the user’s voting power and incentives. This ensures that token holders are invested in the protocol’s long-term success. Curve Token Distribution The following groups received CRV tokens as part of the initial token distribution: 61% to pre-CRV liquidity providers with a one-year vesting period; 30% to shareholders (founders and investors) with a 2-4-year vesting period; 3% to team members with a two-year vesting period; and 5% to the community reserve. The remaining 57 % of the overall maximum supply will be given in stages to future liquidity providers as incentives. Despite the original supply of 1.3 billion, the effective circulating quantity of CRV was zero at launch, due to vesting schedules. Based on this timeline, the inflation of released CRV is expected to be large in the next few years. Only 11.2 percent of the supply is in circulation as of March 10, but that number is expected to rise to 3.37 billion in five years. How to Trade on Curve DEX? Similar to most DeFi applications, you have to allow Curve protocol on your wallet to interact with your DAI or USDC balance before you can trade. Select the asset you’d want to convert (for example, USDC) and the amount (for example, 1,000) on the exchange; the exchange rate and quantity you’ll receive (including all slippage and costs) will be displayed. Curve’s value is in its ability to surprise you with its exchange rate. Fees Currently, all pools have a 0.04 percent fee, 50% of which goes entirely to liquidity providers and 50% to veCRV holders. There is no charge for administration. DAO members have power to determine fees and pool specifications. What are Liquidity Pools? Liquidity pools are a type of smart contract that contains a pool of tokens. If you were to make a pool of DAI and USDC, one DAI would equal one USDC. You would have the same number of tokens in the pool, … Continued
The New Zealand dollar’s mini-rally has come to a halt, as NZD/USD has posted slight losses. In the North American session, NZD/USD is trading at 0.6845, down 0.21% on the day. NZ Manufacturing PMI expands New Zealand’s manufacturing sector posted strong numbers this week. Earlier today, Manufacturing PMI accelerated to 53.6 in February, up from […]
Microsoft has never been shy about asking its customers for money — the $9.99 per month price for Microsoft 365 Family is proof of that. But you need to pay more, far more, than that to use Microsoft's new video editing app, Clipchamp, in the way you'd expect.
Clipchamp is being added to the stable of Windows apps as part of a new update this week. Though ostensibly for members of Microsoft's Windows Insider program, Clipchamp is an app that you can download from the Windows Store, and it seems reasonable that Microsoft will quietly foist Clipchamp onto new PCs, too.
The question is: Are you willing to pay for it?
Clipchamp is offered in a variety of pricing tiers, and, to be fair, there is a free version. Microsoft doesn't limit the number of video files that you can edit and export, nor does it limit the in-app features. All tiers of Clipchamp include a number of useful additions: a screen and camera recorder for meetings, synthesized text to speech, and access to stock footage, audio, and images. Microsoft also believes that a key selling feature of Clipchamp will be its professional-style timeline, allowing you to edit together video clips.
But Clipchamp clamps down hard once you want to export anything for uploading to a video service, sharing on social media, or submitting the finished video for a class assignment. The free tier is limited to a potato-like 480p video quality, and it's this video quality that Microsoft uses as the stick to force you to pay.
The next “Creator” tier, for example, limits output to 720p resolution, and charges you $9 per month for the privilege. Sure, there's unlimited cloud storage to go along with it, a precious resource that vanishes quickly when uploading video. Audio stock files, as well, are also unlimited.
However, it's only the Business tier, at $19/mo, where Clipchamp allows you to export video at 1080p resolution. For that, you get everything that the Creator tier offers, plus a “brand kit” where you can apply your own superimposed logos. The Business Platinum tier (at $39/mo, ouch!) is where you can unlock Clipchamp's full potential: unlimited cloud storage, audio, video, and image stock — but still, 1080p resolution.
Microsoft hasn't said whether it will adjust Clipchamp's pricing, offer discounts to those who already subscribe to other services like Microsoft 365, or otherwise ease the financial burden. (When PCWorld asked these questions of Microsoft, we were told via email: “Nothing to share at this time.”)
We can hope that Microsoft will: “Clipchamp is a natural fit to extend the cloud-powered productivity experiences in Microsoft 365 for individuals, families, schools, and businesses,” Chris Pratley, Microsoft's corporate vice president of the Office Media Group wrote in announcing the new acquisition.
Microsoft believes that one of the selling points of Clipchamp — available to all users — will be its intuitive timeline interface.Microsoft
It's easy to say that Clipchamp's pricing pales in comparison to Adobe: a subscription to Adobe Premiere Pro, for example, is $20.99 per month, while After Effects' motion graphics app is also $20.99/mo and access to Adobe's stock footage, Adobe Stock, is an extra $29.99/mo. But these are professional applications for professional budgets.
Still, there certainly has to be room for some adjustment. Sharing a 480p video is grounds for mockery on social media, rather than marveling at what the video actually shows. People won't be creating many homemade videos of a child's birthday party, graduations, and weddings at that bitrate. And there's something intrinsically unsettling about Microsoft adding what's essentially another upsell onto Windows PCs. We tolerate antimalware subscription promotions, trials of Hulu and Netflix, and cloud storage offerings like Dropbox, but a fundamentally basic app like video editing?
Yes, Microsoft still offers a free video editor in Windows (Video Editor), but now there's two? Ugh. Figure it out, Microsoft. Between Microsoft 365 and Adobe and cloud gaming and Netflix and the entirety of streaming services, another damn subscription se
ems entirely too much to bear.
SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among companies set to see increased demand among elevated energy prices. We look at why they are compelling and why each could be a fit for a blank-check merger....READ MORE
Cryptocurrency is being used both to fund Ukraine’s defense and prevent Russia’s ability to skirt sanctions in what may become a pivotal moment for the industry.