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Anybody Want Some Free Exchange-Sponsored Tokens?
Coinbase lost probably millions in arbitrage yesterday - nobody's talking about it
🐺🐺🔥🔥BETT TOKEN🔥🔥🐺🐺 EVERYTHING IS TRANSPARENT AND SECURE 🚀🚀🚀 ✅ Çoklu KYC Doğrulaması yapıldı! 👨💼 ✅ 2 Akıllı Sözleşme Denetimi!
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"National Bank of Georgia (NBG) revealed it had selected Ripple as its official technology partner for the Digital Lari (GEL) pilot project" "Ripple emerged victorious in a rigorous selection process that involved nine shortlisted companies. These companies were carefully assessed for their capabilities to support the pilot project, and Ripple’s technical excellence and the expertise of its team ultimately secured its position as the technology partner of choice" ".....stating that Ripple’s CBDC Platform is set to drive transformative progress in public sector blockchain use" Brain dead
tldr; Ripple has been selected by the National Bank of Georgia (NBG) as its technology partner for the Digital Lari (GEL) pilot project. This partnership marks a significant step in exploring blockchain technology and its applications in national digital currencies. Ripple's CBDC Platform, powered by the XRP Ledger, will provide a comprehensive solution for central banks, financial institutions, and governments to mint, manage, transact, and redeem Central Bank Digital Currencies. Ripple is also engaged in pilot programs with governments in Bhutan, Palau, Montenegro, Colombia, and Hong Kong, with discussions underway with over 20 countries worldwide. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
"Ripple emerged victorious in a rigorous selection process that involved nine shortlisted companies. These companies were carefully assessed for their capabilities to support the pilot project, and Ripple’s technical excellence and the expertise of its team ultimately secured its position as the technology partner of choice. In NBG’s announcement, Natia Turnava expressed satisfaction with the selection, stating, “We were pleased to select Ripple as the official technology partner for our Digital Lari (GEL) pilot project following a thorough review of all shortlisted parties.” James Wallis highlighted the innovative nature of the partnership as the NBG pioneers blockchain technology to digitize its economy, stating that Ripple’s CBDC Platform is set to drive transformative progress in public sector blockchain use. This collaboration demonstrates a commitment to innovation, efficiency, and the empowerment of entities through secure and transparent blockchain transactions. Ripple’s CBDC Solution Ripple’s CBDC solution, the Ripple CBDC Platform, is designed to provide a holistic end-to-end solution for central banks, financial institutions, and governments. It enables them to seamlessly mint, manage, transact, and redeem Central Bank Digital Currencies. Notably, this technology is powered by the XRP Ledger (XRPL), an energy-efficient and open-source blockchain. The NBG’s choice of Ripple as the technology partner for its national digital currency pilot project was based on Ripple’s deep understanding of the project’s purposes and use cases, as well as its unwavering commitment to project success, sustainable business continuity, clear project development roadmap, and gradual deployment approach to use cases. Additionally, NBG highlighted Ripple’s extensive experience conducting real-life pilot project deployments, ranging from primary CBDC digital infrastructure to smart contracts and tokenization. In addition to its partnership with NBG, Ripple mentioned it is actively engaged in five pilot programs with governments and central banks in Bhutan, Palau, Montenegro, Colombia, and Hong Kong. Furthermore, discussions are underway with over 20 countries worldwide"
Special five course menu - smoked halibut soufflé five-courses set menu - only 20 seats available starter REINDEER LIKE A TARTARE, BLACK GARLIC, LINGONBERRIES, BEETROOTS entree SMOKED HALIBUT SOUFFLÉ , CRAYFISH AND CITRUS SALAD, BISQUE main course roasted lamb rack, Parmesan polenta, kohlrabi purée, quince gel pre-dessert MINI LEMON TART dessert PISTACHIO AND RASPBERRY DESSERT WITH ELDERFLOWER GEL
tldr; Crypto.com is rolling out support for Liquity (LQTY) and Gelato (GEL). Liquity is an ETH-based lending protocol powered by its stablecoin LUSD. Gelato is a decentralized automation protocol comprised of smart contracts built on Ethereum. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Get more of today's trending news [here](https://coinfeeds.substack.com).*
* Liquity (LQTY) * Gelato (GEL)
tldr; Users of cryptocurrency exchange Coinbase in Georgia, an Eastern European nation, could take full advantage of a price bug that let investors sell their assets for 100 times the going rate. The Lari (GEL), the currency of Georgia, was valued at $290 as opposed to $2.90 on Wednesday. According to Coinbase, roughly 1,000 people took advantage of the flaw. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
The explanation makes little sense and is contrary to the initial report on /r/coinbase: > Yesterday Coinbase suffered major loss in GEL trades - for some reason they were selling 1 USDT for 290 GEL, while other exchanges and banks had exchange rate of 1 USD = 2.86 GEL. > This created nice arbitrage opportunity for Georgian users - they were able to sell their assets with much better rate. This implies they were undervaluing the Lari by a factor of 100, not over-valuing it. If they were over-valuing it then customers selling assets would get less Lari than expected, not more. The lack of basic financial arithmetic ability in the crypto space is dumbfounding.
> Should they have put it in a wallet as USDT? No because the bug was in the conversion between USDT and GEL. > What would a smart person have did? I could tell you but that would only make life worse for the smart people, and I like them better.
> I’m pretty sure the 100x occurred only when you withdrew to your bank account. It's hard to see how that would work. Georgian users would have a fiat balance in GEL (Georgian Lira, not the token). Earlier descriptions say the exploit was discovered when converting USDT to Lira.
In other currencies USD | $3987 per person (US dollars per person) EUR | €3560.17 per person (euros per person) £2975 per person (British pounds per person) CNY | ￥25159.73 per person (Chinese yuan per person) PLN | 16578.81 zł/person (Polish zlotych per person) NOK | 35411.24 kr per person (Norwegian kroner per person) KZT | ╤1.835 million per person (Kazakhstan Tenge per person) UAH | 119809.29₴ per person (Ukraine hryvnias per person) BYN | p.10914.10 per person (Belarus rubles per person) AZN | man.6773.98 per person (Azerbaijani manats per person) GEL | 12359.68 lari per person (Georgian lari per person)
Another way of saying DO-GEL-ON-MARS
GEL chart looks strong after Gelato Ops announcement. Still early but probably last sub 2$ call, project got also featured in Binance monthly stars.