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Crypto Calendar News

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bitcoin_crypto_coin_calendar

March 7, 2023, 7:56
8882

📣 Babel Finance Plans To Launch Stablecoins To Offset A $766 Million Debt

Babel Finance, a cryptocurrency loan firm, is trying to develop a decentralized stablecoin to help consumers overcome massive debt owing to them as a result of events in 2022. The business’s co-founder has filed a petition for protection with a Singapore court, requesting the court to urge creditors not to sue Babel over the next six months to give the company more time to restructure.

Babel Finance’s reorganization plan includes a plan to pay off debts using the proceeds of a decentralized stablecoin project dubbed “Hope”, according to sources from Bloomberg. Hope will employ BTC and ETH as collateral and anchor the price to USD, similar to the notorious DAI (collateralized with USDC, ETH) or UST method (collateralized with LUNA). The distinction between Hope and Terra’s stablecoin is that the collateral is not established by the same business that generated LUNA-UST. The co-founder has filed a petition for protection with the Singapore court, requesting that the creditor refrain from taking legal action.

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bitcoin_crypto_coin_calendar

bitcoin_crypto_coin_calendar

March 2, 2023, 4:01
8883

💰 Bitcoin Core Developer Stopping NFT Auction For 0.41 BTC Using His Code

Luke Dashjr, a developer of the Bitcoin core, has criticized the people behind an NFT auction for utilizing his name and code without his permission or knowledge. The buyer of the Luke Dashjr NFT has the option of receiving a full refund from Scare City marketplace or having the money donated to OpenSats.

The Bitcoin core engineer said that he wasn’t the first to have his name or his work utilized in this manner. Dashjr further disclosed that when the auction’s winner ultimately got in touch with him, he had to let them know he had nothing to do with the transaction. He went on to say that the NFT founders had provided him with an offer of 90% of the profits, which he described as an obvious effort to bribe him into quiet or win his approval. The developer, however, declined the proposal and demanded that the authors return the entire purchase price to the NFT customer.

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https://t.me/Bitcoin_Crypto_Coin_Calendar