Heyo! Continuing with our six-part catch up series to get up to date on the May and June news from Parachute and partners, here’s Part II of VI (22 May - 28 May'20):submitted by abhijoysarkar to ParachuteToken [link] [comments]
If you're in crypto, there's often the random pump/moon/wenBinance talk that props up from time to time in groups. Especially, when someone new joins a project and is unfamiliar with the community culture. At Parachute, we have always made it a point to have more meaningful discussions than price. Cap shared some of his thoughts on this as well. For the #culturalweekend prompt this week, Jason got Parachuters to share about “something weird your family does that is a tradition for them but not a traditional tradition”. Peace Love’s Big Trivia in TTR was quite fun as always. The beta testing group for ParJar swaps was set up this week. Also, Chris organised something amazing this week which will possibly remain a secret amongst Parachute admins (and Doc Vic 😊 ). But if word of it ever goes out, you’ll realise why Parachute is the most wholesome project in all of crypto. Chris also gave out some cool $PAR to folks in the Parachute channel to talk about "something that you didn't spend much money on that had a big impact on your quality of life". This week's Two-for-Tuesday featured music from "female artists, including bands with at least one female member". Click here for the playlist. Thanks Sebastian!
Some good cheer from Alexis all the way from Germany
aXpire’s May recap video covers product updates from Bilr, PayBX etc. To track this week’s 20k $AXPR burn, click here. The team also shared success strategies for law firms. 2gether co-founder Salvador Casquero wrote about best security practices in finance. A new update was pushed to Wednesday Coin’s dApp, WednesdayClub. In this week’s XIO discussions, Citizens talked about ideal time allocation strategies for research and execution. Top Citizens on the Leaderboard stand a chance to win some cool merch. Also, watch out for pesky scams. Voyager announced a partnership with Sterling Trading Tech to launch a crypto trading widget. Proactive Investors covered Voyager in its latest piece chronicling their growing user base. As mentioned in a previous update, CEO Stephen Ehrlich’s crypto investment webinar happened this week. Switch crew did a community AMA just before the $GHOST airdrop snapshot. The team expanded with new dev hires. In preparation for the $GHOST airdrop, ProBit completed its $VSF:$ESH swap and Stex announced support for $ESH/$GHOST airdrop. $ESH was listed on HitBTC and Changelly. Folks who guessed these exchanges correctly won some tokens as well. Founder Josh Case sat down with Mr. Backwards for an interview. Among several updates to the Ghost website, a staking calculator was added. Click here to read the latest technical update from Fantom. $FTM was in the running to be added as a collateral for DAI. Congratulations to Uptrennd for becoming the highest ranked blockchain-based social media platform as per Alexa. They started a SmartLink campaign with 2key Network. The first Uptrennd halvening went live this week. The team is reachable on Discord from now as well. District0x’s latest District Weekly and Dev Updates can be read here and here respectively. Hydro team shared their thoughts on how virtual cards for independent contractors (otherwise referred to as 1099 employees) could improve reimbursement practices. Entries for their Decentralization Ambassador program were opened this week.
These look great, XIO team
This is what is planned for the GHOST ecosystem currently
SelfKey compiled a master list of crypto lending platforms. The Loans Marketplace will feature many of these. Full transcript of the May 12th AMA was released. SelfKey advisor Edmund Lowell spoke at the BlockConf DIGITAL conference this week. Mongolian exchange AIS-X joined the Exchange Marketplace. Pynk’s crowdfunding campaign on Seedrs went live this week. Check out their campaign video here. Amazing production! Plus, this cool feature in City A.M. was the perfect way to close off the week. Wibson hosted a meetup (online of course!) for its Spanish speaking community this week. The crew also introduced the app at an Ethereum event in Buenos Aires. Harmony burned all mainnet tokens mined before Open Staking going public. The latest staking stats and validator data can be seen here and here respectively. That’s right, 3B+ $ONE is already staked. Woohoo! With its latest CoinDCX listing, $ONE got its first INR trading pair. Saweet! The major improvement proposals that were discussed with the community this week were making Open Staking more decentralized and creating a more liquid staking market. This led to the first release after Open Staking. The winners of the effective-median-stake contest were announced. Hope you got a chance to take part in the Flash Quiz. Do you know about all the projects that have been built in the Harmony ecosystem? Here’s a rundown. The team hosted an AMA as well. BitMax changed some of its rules for $ONE staking. Check out COTI’s latest network growth stats here. And super congratulations on winning the Gate.io listing vote! $COTI was also added to Binance’s Locked Savings staking program. Broking platform Troy Trade partnered with COTI to improve its scalability. DoYourTip’s $DYT now has 2500+ HODLers. Neat! Mycro was invited to join BitForex’s app platform CAPP Town. GET Protocol’s GUTS Tickets was covered in Cryptogeeks’ latest blogpost on blockchain-based ticketing.
And with that, it’s a wrap for this week in Parachute and partners! See you again with another update. Cheerio!
ANKARA - The Turkish lira plunged as much as 5 percent against the dollar on Thursday as investors continued to fret about moves by Turkish authorities to withhold lira liquidity from the London market.
The central bank has made a series of moves to underpin the lira this week and bankers said it took a fresh step on Thursday, raising its total lira swap sale limit to 30 percent from 20 percent for swap transactions that have not matured.
It had raised the limit to 20 percent on Monday from 10 percent in a move aimed at increasing the bank's forex reserves, which fell sharply in the first two weeks of March.
The London overnight swap rate plunged to 180 percent on Thursday, Refinitiv Eikon data showed.
The cost of Turkey's debt rose, with the yield on the benchmark 10-year bond climbing to 19.12 percent from 18.21 percent on Wednesday.
The main Istanbul share index, which weakened more than 12 percent in the week to Wednesday's close, rose 0.75 percent on Thursday morning.
ISTANBUL - Turkey doubled tariffs on some U.S. imports including alcohol, cars and tobacco on Wednesday in retaliation for U.S. moves, but the lira rallied further after central bank's liquidity moves had the effect of supporting the currency.
Ankara acted amid increased tension between the two NATO allies over Turkey's detention of a Christian American pastor and other diplomatic issues, which have helped send the lira tumbling to record lows against the dollar.
The lira was also helped by a step from the banking watchdog BDDK, cutting the limit for Turkish banks' forex swap, spot and forward transactions with foreign banks to 25 percent of a bank's equity.
Last Friday, U.S. President Donald Trump said he had authorized higher tariffs on aluminum and steel imports from Turkey.
The United States was the fourth largest source of imports to Turkey last year, accounting for $12 billion of imports, according to IMF statistics.
NATO allies U.S. and Turkey have been at loggerheads over a wide range of topics including diverging interests in Syria, Ankara's ambition to buy Russian defense systems and Andrew Brunson, a pastor on trial in Turkey for terrorism charges.
The Forex Swap can represent (and most of the time does represent) a cost for the trader. As such, you must know what it is and manage it. Sometimes we find this charge known simply as Swap, while others might refer to it as night premium, "overnight" commission, or even… This is why Tuesday is one of the best days to trade Forex. On Wednesday, there is a slight dip in volatility. Trading activity decreases to somewhere in between what it is on Monday and Tuesday. This happens because of a phenomenon known as swaps. To put it simply, a swap is overnight interest paid by traders who hold their position between daily sessions. For instance, holding a position at ... In general terms, a forex swap is an overnight (or rollover) interest charged or credited on the underlying instrument when you decide to keep a position open overnight. Swaps matter because you might chose to take a long position in a high-yielding currency compared to the currency used to make the purchase in order to prolong the trade and increase the profit on your overnight position. Or ... What is Forex Swap? Swap is an interest fee that you either pay or receive on your account at the end of each trading day, ... When you hold a position open overnight from Wednesday to Thursday, swap triples. This is because the value date is moved forward 3 days, to Monday (skipping over the weekend). Remember, the banks close on weekends. Swap triples because you are paid or charged interest ... Charging triple swap on Wednesday roll-over period accounts for the settlement of trades over the weekend, as ... Trading Forex & CFDs carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, Forex & CFDs may not be suitable for all investors because you may lose all your invested capital. You should not risk more than you are prepared to lose ... All brokers do that. The reason they give out is because it takes 2 days for forex transactions to settle. So if you held a position open after 5:00 PM EST on Wednesday, it won't settle until after Friday and then to cover the weekend, they tag on two extra days of swap. The Forex market is where various Forex Swap Wednesday currencies are traded at an agreed-upon price on the exchange. Forex trading is literally making trades of one currency for another at a specific price. Forex trading is one of the most popular forms of trading available today and accounts for roughly USD $4 trillion in economic activity on a daily basis. Pairs of currencies are Forex Swap ... Therefore, sometimes traders try to make a profit on the Forex market at the end of the trading session on Wednesday when a triple Swap is charged. What is Swap in Forex Trading. In order to realize what events take place on the Forex market right before Swap is charged, let’s define what is Swap. Swap is an arrangement of two opposite side contracts, one of which closes previously opened ... Why is swap tripled on Wednesday and not Friday ? Post # 1; Quote; First Post: Oct 26, 2006 5:54pm Oct 26, 2006 5:54pm jhathawa Joined Jun 2006 Status: Member 94 Posts. Wouldn't it make more sense to triple the swap on Friday when its obvious that if you hold the position to Friday close you have to carry it over the weekend. Just seems to me like a way for them to gouge us since most ... Forex Swap. Forex swaps work in a very similar way. When you buy a forex pair, you own the first currency and you are short of the second currency. That means you earn interest on the first and receive interest on the second currency. Because most countries have very low interest rates, in most cases, the net interest rate will still be negative. However, when you buy currencies with higher ...
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