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Radio Caca(RACA)

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$0.000198
(6.42%)
0.3205 SAT
Market Cap (Rank#442)
$73,010,808
1,179 BTC
Vol 24h
$3,837,745
61.9699 BTC
Circulating Supply
367,835,221,779.97
Max Supply
500,000,000,000
19 days agonulltx
The New Wave of AI Platform Coins in the Crypto Market and RACA’s Strategic Bet on 4090 GPU Graphics Cards
AI platform coins are emerging as a dominant force in the cryptocurrency landscape, effectively becoming the new breed of meme coins. Over the past 18 months, these coins have demonstrated remarkable resilience and growth, often outperforming even Bitcoin during market fluctuations. Every minor uptrend in Bitcoin’s price curve sees AI […]
102 days agonulltx
Exciting Updates for Genesis Box: A New Era of Opportunities
RACA cryptocurrency is currently in the attention of most crypto traders in the last few days, as the price is also skyrocketing to new highs. In the last 30 days, RACA has risen from $0.0001518 to a new high of $0.0006847. Of course, this represents a notable 351%. increase. Furthermore, […]
119 days agonulltx
Spell Token (SPELL) Surges Amidst DWF Labs’ Strategic Moves
In recent market developments, Spell Token (SPELL), the native cryptocurrency of Abracadabra Money, has witnessed a notable surge in its value, marking a remarkable 13% increase in the last 24 hours and an impressive 59% surge over the past seven days.  This surge in price follows a series of significant […]
147 days agocoindesk
MIM Stablecoin Suffers Flash Crash Amid $6.5M Exploit
The stablecoin issued by decentralized platform Abracadabra.money {MIM}, suffered a flash crash to $0.76 after reports emerged of a $6.5 million exploit.
147 days agocryptopotato
HugeWin Casino is Redefining Crypto Gambling with a Rich Gaming Ecosystem
[PRESS RELEASE – Curacao, Curacao, January 29th, 2024] HugeWin Casino, a newly established platform as of January 2024, has quickly garnered attention in the cryptocurrency gambling landscape. Its user-centric approach, coupled with an extensive array of gaming options, underscores its emerging status within the industry. Extensive Gaming Portfolio The platform boasts an impressive selection of […]
161 day agocryptopotato
HugeWin Announces New Crypto Casino
[PRESS RELEASE – Curacao, Curacao, January 15th, 2024] In an exciting update, HugeWin, a leading online casino, has announced a new Crypto Casino. This development, combined with diverse activities, provides an enhanced experience for all casino enthusiasts. Additionally, HugeWin is offering lucrative discount bonuses, aiming to provide unprecedented entertainment and rewards for its players. The possibility […]
186 days agocryptopotato
BetFury Unveils Innovative NFT Lootboxes in Its Expanding NFT Ecosystem
[PRESS RELEASE – Willemstad, Curacao, December 21st, 2023] BetFury has launched its latest innovation – NFT Lootboxes, marking a significant milestone in its NFT ecosystem. These Lootboxes feature a variety of rare NFTs and diverse rewards, offering a unique opportunity for participants in the world of crypto art and gaming. Understanding NFT Lootboxes NFT Lootboxes, […]
209 days agocryptopotato
Duelbits Announces Landmark Collaboration with Football Icon Luis Suárez
[PRESS RELEASE – Willemstad, Curaçao, November 29th, 2023] Duelbits, a leading name in the global crypto sportsbook and casino gaming arena, is thrilled to unveil a groundbreaking collaboration with one of football’s most illustrious talents, Luis Suárez. This partnership celebrates Suarez’s remarkable legacy, including his victories in the Champions League, Copa America, and securing the […]
218 days agocryptopotato
BC.GAME Honored with the Best Casino Operator 2023 Award by SiGMA
[PRESS RELEASE – Curaçao, Curaçao, November 20th, 2023] Leading online casino BC.GAME is proud to announce it has been named “Best Casino Operator” at the prestigious SiGMA Europe Awards, held in Malta. The coveted award highlights BC GAME’s distinguished standing among the world’s top online casinos and recognizes its continued dedication to responsible, player-focused operations […]
242 days agocryptopotato
BetFury Drops $1,000,000 for its 4th Anniversary Celebration
[PRESS RELEASE – Willemstad, Curacao, October 26th, 2023] BetFury celebrates its 4th Anniversary and drops $1,000,000. Each user can share the main prize along with other profitable rewards. Users are invited to join BetFury’s big birthday crypto party and participate actively for a chance to win a share of the great prize. Users can use […]
323 days agocryptodaily
Alchemix Reports Return Of Stolen Funds From Curve Exploit
Alchemix, a lending platform, has reported that all the funds stolen by the Curve Finance hacker from Alchemix’s alETH-ETH pool have been returned. Curve Finance had fallen victim to a major heist on the 31st of July, leading to the hacker draining around $61 million from the protocol. Alchemix Announces Return Of All Funds The Curve Finance exploit had resulted in Alchemix losing around $13.6 million from its alETH-ETH pool. Apart from Alchemix, several other pools also saw their funds drained. These included JPEGd’s pETH-ETH pool, which saw outflows of around $11.4 million, and Metronome’s sETH-ETH pool, which saw the exploit drain about $1.6 million. The hacker had targeted several stable pools on Curve Finance using a reentrancy bug that impacted the Vyper programming language used on Curve Finance. Now, Alchemix has announced on X that the hacker has returned the stolen funds after accepting a bug bounty offer from Curve, Metronome, and Alchemix. “We are extremely happy to announce that all funds stolen by the hacker of the Alchemix @CurveFinance pool have now been returned.” An Offer The Hacker Couldn’t Refuse Alchemix, Metronome, and Curve Finance had offered the hacker a 10% bug bounty as a reward, asking them to return the remaining 90% of the stolen funds. The three entities had stated that if the hacker returned the funds, they would not face any further legal or law enforcement actions. “The offer comes with a guarantee of no further legal actions or involvement of law enforcement. We want to resolve this in a civilized manner. You will have no risk of us pursuing this further, no risk of law enforcement issues.” However, the three protocols also told the hacker to view their offer as a final warning, giving them until the 6th of August to accept their offer. They warned that if the hacker refused or ignored their warning, they would be expanding the bounty to the public, offering 10% of the funds to anyone who would help identify the hacker in a way that would lead to conviction in court. The stark warning stated that the hacker would feel the full force of the law should he fail to comply. “If you choose not to partake in the voluntary return and complete the process by the 6th of August at 0800 UTC, we will expand the bounty to the public and offer the full 10% to the person who is able to identify you in a way that leads to your conviction in the courts. We will pursue you from all angles with the full extent of the law.” Hacker Accepts Offer And Returns Funds On the 4th of August, the hacker posted a message on the Ethereum network directed at Curve Finance and Alchemix development teams. In the not-so-pleasant message, the hacker stated that they would return the funds, but because they did not want to ruin the multiple projects impacted, and not because they were caught or because of the threat of legal action. The hacker stated in his on-chain message, “I’m refunding, not because you can find me. It’s because I don’t want to ruin your project.” At around 11:16 am UTC, the hacker returned 1 alETH to the Curve Finance deployer account. Following the success of the initial transaction, the hacker made three separate transfers two hours later, totaling around 4820.55 alETH, sent to the Alchemix development team’s multisig wallet. The funds returned were around $8.9 million worth of crypto assets, making up around 15% of the stolen funds. Alchemix later reported that the hacker returned all of the stolen funds. NFT protocol JPEG’d, in a separate announcement, also confirmed that they had been refunded, with the perpetrators returning around 5495 ETH. As stated in the bounty offer, the NFT protocol will not be taking any legal action against the hackers. The JPEG’d team stated, ​​“Any further investigations or legal matters against the entity will end. We view this occurrence as a white-hat rescue.” DeFi Breathes A Sigh Of Relief The Curve Finance exploit had put considerable pressure on the larger DeFi ecosystem after the value of the protocol’s CRV token plummeted after the hack. Several reports that emerged after the hack stated that Curve founder Michael Egorov had taken several loans, putting up CRV as collateral, putting Egorov’s $168 million lending position at risk of liquidation. This put major DeFi protocols Aave, Abracadabra, and several others at risk as well, thanks to a potential domino effect. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
323 days agocryptodaily
Alchemix Reports Return Of Stolen Funds From Curve Exploit
Alchemix, a lending platform, has reported that all the funds stolen by the Curve Finance hacker from Alchemix’s alETH-ETH pool have been returned. Curve Finance had fallen victim to a major heist on the 31st of July, leading to the hacker draining around $61 million from the protocol. Alchemix Announces Return Of All Funds The Curve Finance exploit had resulted in Alchemix losing around $13.6 million from its alETH-ETH pool. Apart from Alchemix, several other pools also saw their funds drained. These included JPEGd’s pETH-ETH pool, which saw outflows of around $11.4 million, and Metronome’s sETH-ETH pool, which saw the exploit drain about $1.6 million. The hacker had targeted several stable pools on Curve Finance using a reentrancy bug that impacted the Vyper programming language used on Curve Finance. Now, Alchemix has announced on X that the hacker has returned the stolen funds after accepting a bug bounty offer from Curve, Metronome, and Alchemix. “We are extremely happy to announce that all funds stolen by the hacker of the Alchemix @CurveFinance pool have now been returned.” An Offer The Hacker Couldn’t Refuse Alchemix, Metronome, and Curve Finance had offered the hacker a 10% bug bounty as a reward, asking them to return the remaining 90% of the stolen funds. The three entities had stated that if the hacker returned the funds, they would not face any further legal or law enforcement actions. “The offer comes with a guarantee of no further legal actions or involvement of law enforcement. We want to resolve this in a civilized manner. You will have no risk of us pursuing this further, no risk of law enforcement issues.” However, the three protocols also told the hacker to view their offer as a final warning, giving them until the 6th of August to accept their offer. They warned that if the hacker refused or ignored their warning, they would be expanding the bounty to the public, offering 10% of the funds to anyone who would help identify the hacker in a way that would lead to conviction in court. The stark warning stated that the hacker would feel the full force of the law should he fail to comply. “If you choose not to partake in the voluntary return and complete the process by the 6th of August at 0800 UTC, we will expand the bounty to the public and offer the full 10% to the person who is able to identify you in a way that leads to your conviction in the courts. We will pursue you from all angles with the full extent of the law.” Hacker Accepts Offer And Returns Funds On the 4th of August, the hacker posted a message on the Ethereum network directed at Curve Finance and Alchemix development teams. In the not-so-pleasant message, the hacker stated that they would return the funds, but because they did not want to ruin the multiple projects impacted, and not because they were caught or because of the threat of legal action. The hacker stated in his on-chain message, “I’m refunding, not because you can find me. It’s because I don’t want to ruin your project.” At around 11:16 am UTC, the hacker returned 1 alETH to the Curve Finance deployer account. Following the success of the initial transaction, the hacker made three separate transfers two hours later, totaling around 4820.55 alETH, sent to the Alchemix development team’s multisig wallet. The funds returned were around $8.9 million worth of crypto assets, making up around 15% of the stolen funds. Alchemix later reported that the hacker returned all of the stolen funds. NFT protocol JPEG’d, in a separate announcement, also confirmed that they had been refunded, with the perpetrators returning around 5495 ETH. As stated in the bounty offer, the NFT protocol will not be taking any legal action against the hackers. The JPEG’d team stated, ​​“Any further investigations or legal matters against the entity will end. We view this occurrence as a white-hat rescue.” DeFi Breathes A Sigh Of Relief The Curve Finance exploit had put considerable pressure on the larger DeFi ecosystem after the value of the protocol’s CRV token plummeted after the hack. Several reports that emerged after the hack stated that Curve founder Michael Egorov had taken several loans, putting up CRV as collateral, putting Egorov’s $168 million lending position at risk of liquidation. This put major DeFi protocols Aave, Abracadabra, and several others at risk as well, thanks to a potential domino effect. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
326 days agocryptodaily
Curve Extends Olive Branch, Offers 10% Bug Bounty To Hackers
Decentralized Finance platforms Curve Finance, Alchemix, and Metronome have announced a joint initiative to recover the stolen funds in the wake of the recent exploits that hit Curve’s pools. The exploit resulted in a loss of around $70 million worth of crypto assets, meaning the bounty offered is around $7 million. A Resolution In Sight? The DeFi platforms impacted by the Curve heist are doing everything they can to recover the stolen funds. According to on-chain data, Curve, Alchemix, and Metronome have offered the hackers a 10% bounty as a reward, urging the hackers to return the remaining 90% of the stolen funds. Curve Finance updated users about their offer to the hackers via X, stressing that they would face no further legal or law enforcement actions if they chose to return the funds. Curve stated in the joint message sent via Etherscan, “The offer comes with a guarantee of no further legal actions or involvement of law enforcement. We want to resolve this in a civilized manner. You will have no risk of us pursuing this further, no risk of law enforcement issues.” Final Warning The three protocols gave the hackers a deadline of 6th August to accept their offer. They added that should the hackers refuse the offer; the protocols would expand the bounty to the public and offer the 10% to anyone who would be able to identify them in a way that leads to their conviction. The stark warning read, “If you choose not to partake in the voluntary return and complete the process by 6th August at 0800 UTC, we will expand the bounty to the public and offer the full 10% to the person who is able to identify you in a way that leads to your conviction in the courts. We will pursue you from all angles with the full extent of the law.” All three protocols have opened a direct line of communication with the hackers through [email protected] and urged the hackers to respond and take the offer to avoid legal action. The protocols also stressed that any individuals responding for negotiations would need to verify their credentials and ownership of their email address on-chain. Curve and the other protocol’s outreach is similar to the strategy adopted by DeFi protocol Euler Finance, which fell victim to a crippling hack earlier in the year. However, the protocol was able to negotiate with the hackers and retrieve the stolen funds successfully. The Curve Hack The Curve exploit saw around $70 million worth of crypto stolen by hackers. This figure included CRV tokens worth around $4.52 million, which led to a significant drop in the price of the token. At the heart of the exploit was a vulnerability in Vyper called a reentrancy bug. This vulnerability allowed hackers to drain several stablecoin pools on Curve, leading to considerable chaos in the DeFi ecosystem. DeFi markets were further spooked after reports emerged that Curve Finance founder Michael Egorov had allegedly taken several loans using around 47% of CRV’s circulating supply. Several DeFi protocols, such as Aave, Abracadabra, and several others, faced major implications following the drop in CRV’s value. This is because the decline put Egorov’s $168 million lending position at risk of liquidation, potentially unleashing a domino effect on DeFi. However, Curve and Egorov found support from prominent names in the crypto and DeFi space, such as Power DeFi user DCF God, Tron Foundation CEO Justin Sun, and Jeffrey Huang, also known as Machi Big Brother. Sun, DCF God, and Huang purchased large quantities of CRV from Egorov, helping reduce the principal value of Egorov’s loan from $63 million to $54 million. Other players who assisted Egorov were Cream Finance, which sent Egorov $1 million worth of USDT and USDC, and Huang, who sent Egorov $1.5 million worth of USDT. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
326 days agocryptodaily
Curve Extends Olive Branch, Offers 10% Bug Bounty To Hackers
Decentralized Finance platforms Curve Finance, Alchemix, and Metronome have announced a joint initiative to recover the stolen funds in the wake of the recent exploits that hit Curve’s pools. The exploit resulted in a loss of around $70 million worth of crypto assets, meaning the bounty offered is around $7 million. A Resolution In Sight? The DeFi platforms impacted by the Curve heist are doing everything they can to recover the stolen funds. According to on-chain data, Curve, Alchemix, and Metronome have offered the hackers a 10% bounty as a reward, urging the hackers to return the remaining 90% of the stolen funds. Curve Finance updated users about their offer to the hackers via X, stressing that they would face no further legal or law enforcement actions if they chose to return the funds. Curve stated in the joint message sent via Etherscan, “The offer comes with a guarantee of no further legal actions or involvement of law enforcement. We want to resolve this in a civilized manner. You will have no risk of us pursuing this further, no risk of law enforcement issues.” Final Warning The three protocols gave the hackers a deadline of 6th August to accept their offer. They added that should the hackers refuse the offer; the protocols would expand the bounty to the public and offer the 10% to anyone who would be able to identify them in a way that leads to their conviction. The stark warning read, “If you choose not to partake in the voluntary return and complete the process by 6th August at 0800 UTC, we will expand the bounty to the public and offer the full 10% to the person who is able to identify you in a way that leads to your conviction in the courts. We will pursue you from all angles with the full extent of the law.” All three protocols have opened a direct line of communication with the hackers through [email protected] and urged the hackers to respond and take the offer to avoid legal action. The protocols also stressed that any individuals responding for negotiations would need to verify their credentials and ownership of their email address on-chain. Curve and the other protocol’s outreach is similar to the strategy adopted by DeFi protocol Euler Finance, which fell victim to a crippling hack earlier in the year. However, the protocol was able to negotiate with the hackers and retrieve the stolen funds successfully. The Curve Hack The Curve exploit saw around $70 million worth of crypto stolen by hackers. This figure included CRV tokens worth around $4.52 million, which led to a significant drop in the price of the token. At the heart of the exploit was a vulnerability in Vyper called a reentrancy bug. This vulnerability allowed hackers to drain several stablecoin pools on Curve, leading to considerable chaos in the DeFi ecosystem. DeFi markets were further spooked after reports emerged that Curve Finance founder Michael Egorov had allegedly taken several loans using around 47% of CRV’s circulating supply. Several DeFi protocols, such as Aave, Abracadabra, and several others, faced major implications following the drop in CRV’s value. This is because the decline put Egorov’s $168 million lending position at risk of liquidation, potentially unleashing a domino effect on DeFi. However, Curve and Egorov found support from prominent names in the crypto and DeFi space, such as Power DeFi user DCF God, Tron Foundation CEO Justin Sun, and Jeffrey Huang, also known as Machi Big Brother. Sun, DCF God, and Huang purchased large quantities of CRV from Egorov, helping reduce the principal value of Egorov’s loan from $63 million to $54 million. Other players who assisted Egorov were Cream Finance, which sent Egorov $1 million worth of USDT and USDC, and Huang, who sent Egorov $1.5 million worth of USDT. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
328 days agocoindesk
DeFi Protocol Abracadabra Wants to Charge 200% Interest on Curve Founder’s $18M Loan
All proceeds from such a strategy will be kept in Abracadabra’s treasury and be used to reduce the DAO risk associated with the liquidity conditions associated with CRV.
328 days agocointelegraph
Abracadabra proposes hiking loan interest rate by 200% to manage Curve risk
The Curve Finance exploit has created a liquidity crisis in the DeFi ecosystem and many lending protocols are rushing to minimize their exposure.
328 days agocryptodaily
Curve Finance’s CRV Receives Support From Justin Sun And DCF God
Curve Finance and CEO Michael Egorov have received support from prominent names in the crypto space, including Justin Sun and DCF God. Curve had suffered a major exploit earlier in the week, leading to the protocol losing nearly $50 million to hackers. Chaos At Curve Finance Curve Finance suffered a major exploit earlier in the week, allowing hackers to siphon off nearly $50 million worth of crypto. This included CRV tokens worth $4.52 million, leading to a significant drop in the token’s price. The exploit resulted from a reentrancy bug in Vyper, the programming language powering parts of the Curve ecosystem. The CRV token saw a decline of nearly 20% following the attack. The markets were further spooked after reports emerged that the founder of Curve Finance, Michael Egorov, had allegedly taken several loans, using nearly 47% of the total circulating supply of CRV. Reentrancy attacks have become relatively common in the DeFi space. In such an exploit, hackers trick smart contracts by making repeated calls to the protocol and stealing user assets. As a result, Upbit has suspended deposits and withdrawals of the CRV token, while other exchanges have warned users to exercise caution when dealing with investments related to CRV. Upbit had tweeted, “Today, certain vulnerabilities have been discovered in some of the stablecoin pools associated with Curve (CRV). As a result, CRV is currently experiencing significant volatility. We advise exercising caution when considering any investments related to CRV. To ensure the safety of digital asset transactions, we have temporarily suspended deposits and withdrawals for CRV.” Curve And Egorov Find Support The plummeting CRV price significantly increased the risk of liquidating the loans Egorov took. However, prominent players from the crypto space have stepped in to assist Curve and Egorov. These include Power DeFi user DCF God, Tron Foundation CEO Justin Sun, and Jeffrey Huang, also known as Machi Big Brother. All have since stepped in and purchased CRV tokens from Egorov. As a result of this help, the principal value of Egorov’s loan dropped from $63 million to $54 million. Tron founder Justin Sun tweeted that he was excited to assist Curve, demonstrating his support for the protocol by acquiring a number of CRV tokens. According to available on-chain data, Sun purchased around 5 million CRV tokens worth around $3 million. The tokens were purchased from a wallet called the Curve.fi Founder, and was completed through an over-the-counter transaction. Sun tweeted, “Excited to assist Curve! As steadfast partners, we remain committed to providing support whenever needed. Our joint efforts will introduce an @stusdt pool on Curve, amplifying user benefits. Together, we aim to empower the community and forge a decentralized finance!” Other players that chipped in to assist Curve were Cream Finance, who sent Egorov $1 million in USDT and USDC stablecoins. Egorov also received $1.5 million worth of USDT from Jeffrey Huang (Machi Big Brother), according to data sourced from PeckShield. Egorov also transferred over 50 million CRV to other entities, including the Web3 investment firm DWF Labs and Power DeFi user DCF God. Going by these numbers, Egorov sold around 50 million CRV tokens at a price of around $0.4 per token, making the transactions worth close to $20 million. Major Implications For DeFi The Curve Finance exploit could have major implications for the larger DeFi ecosystem, with the CRV token’s value suffering a significant decline, putting Egorov’s $168 million lending position at risk of liquidation. If the position were to be liquidated, it could have a domino effect on the larger DeFi ecosystem. Egorov has a $70 million loan on Aave v2, for which he has used CRV as collateral. Additionally, he has also borrowed $17 worth of FRAX, putting $32 million worth of CRV as collateral, along with another $18 million loan from DeFi protocol Abracadabra. Concerns about the concentration of CRV on Aave were flagged by Gauntlet, who recommended freezing the token on Aave. “The amount of CRV concentrated on Aave, relative to the circulating supply of CRV, is already high. Given the limitations of V2 mechanisms, including the possibility of circumventing an LTV of 0, the only way to truly prevent more risk of this position is to prevent borrowing of all assets on V2.” Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
329 days agocryptodaily
Has The Curve Finance Exploit Put Aave And DeFi At Risk?
Curve Finance suffered a significant exploit over the weekend, with attackers managing to siphon off around $70 million worth of assets from users. Curve founder Michael Egorov has a loan of around $70 million in USDT on Aave v2, using CRV as collateral. Curve Chaos Could Have Major Implications The exploit at Curve Finance resulted in the price of the protocol’s CRV token experiencing a sharp decline. This decline has put a $168 million lending position held by Curve founder Michael Egorov at risk of liquidation. If the position gets liquidated, it could have disastrous implications across the decentralized finance (DeFi) ecosystem. The Curve founder has around $168 million worth of CRV, which he has used to secure loans from several DeFi protocols, according to data from the blockchain analytics site DeBank. This amount equals nearly 34% of CRV’s total market capitalization. The exploit has led to a decline of over 20% in the CRV price, putting Egorov’s position in danger of liquidation. A Major Blow A forced liquidation would be a devastating blow to Curve after its weekend exploit. As a result of the exploit, the total value of assets locked on the DeFi protocol dropped from $3.7 billion to $2.1 billion, with investors pulling their funds as a precaution. Thanks to DeFi’s interconnected nature, the liquidation of Egorov’s position could put significant pressure on CRV’s price and other decentralized lending protocols. The CRV token is extremely popular on Uniswap and Sushiswap and is used as collateral on platforms such as Aave. Aave’s Exposure Michael Egorov has a $70 million loan in USDT on Aave v2, for which he has used CRV as collateral. Based on risk parameters set by Aave, if the CRV token’s price drops below $65%, it would be at risk of liquidation. When liquidations occur, the collateral the borrower deposits is sold in exchange for the borrowed asset. In the case of Aave, the CRV would be sold for Aave, leading to considerable bad debt. The concerns around bad debt were already flagged by Gauntlet, who recommended freezing CRV and setting its loan-to-value to zero on Aave v2. “The amount of CRV concentrated on Aave, relative to the circulating supply of CRV, is already high. Given the limitations of V2 mechanisms, including the possibility of circumventing an LTV of 0, the only way to truly prevent more risk of this position is to prevent borrowing of all assets on V2.” However, this proposal failed to pass. Aave’s GHO stablecoin also lost its peg for a few hours on the 31st of July. The stablecoin subsequently regained its peg, with analysts working to determine why the de-pegging occurred. According to most, the de-pegging was a result of the reentrancy attack on Curve Finance. The GHO stablecoin had dropped to $0.96 on the 31st, losing its $1 peg for a few hours. However, it regained its peg and is currently trading at $0.98. Other Protocols At Risk Aave is not the only protocol that the Curve Finance fiasco could impact. Egorov has also borrowed $17 million worth of the FRAX stablecoin, putting $32 million worth of CRV as collateral. Since the exploit, Egorov has made several transactions to repay part of the amount he borrowed on Fraxlend. According to DeBank data, Egorov also has an $18 million loan on DeFi protocol Abracadabra. Egorov has moved to shore up his capital by selling LDO, the governance token for liquid staking protocol Lido, in exchange for the USDC stablecoin. These transactions have been done in several batches valued at between $10,000 and $50,000, according to data from EtherScan. The developments have raised several questions for decentralized lending protocols, and whether they should implement measures to prevent large positions, such as the ones taken by Egorov, that could potentially introduce systemic risk. Egorov came under fierce criticism in 2020 after he took control of over two-thirds of a Curve voting token, veCRV. He later apologized and called the move an overreaction to what he thought was a takeover attempt by Yearn.Finance. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
336 days agocryptodaily
SEC Claims Ripple Ruling Was Wrong, Sets Out to Appeal
In a recent statement, the SEC claimed that the recent Ripple ruling was incorrect, while disclosing that it has already decided and is currently moving in to post an appeal. There has been some intertwining contexts with latest legal fracas with the US Securities and Exchange Commission (SEC), which involves Terraform Labs and its co-founder, Do Kwon. Notably, the SEC's recent motion against Terraform Labs has revived discussions around the landmark Ripple Labs case, signaling a possible appeal on the horizon. Institutional vs. Retail: Divergent Perspectives In the Ripple Labs case, the court determined that Ripple's XRP token sales to institutional investors breached SEC rules. However, the judge ruled that Ripple's offerings to retail investors on exchanges didn't infringe on these same regulations. This bifurcation of institutional and retail sales was broadly seen as a victory for the crypto industry. In a stark departure from this view, the SEC, in its most recent filing against Terraform Labs and Kwon, voiced its disapproval. The agency stated: "The decision creates an artificial distinction between the expectations of sophisticated institutional and retail investors." In the SEC's view, the ruling reformulates the decades-old Howey Test, a metric used to identify when assets are securities, transforming it into a more subjective standard. Accordingly, the SEC requested that the court reject this part of the Ripple decision and hinted at a possible appeal in the Ripple case. The Ripple Ruling's Impact on Terraform Labs Lawsuit The Ripple ruling has become a crucial reference in the ongoing lawsuit against Terraform Labs and Kwon. Their legal representatives cited the Ripple decision in their dismissal motion, arguing that it "confirms the legal insufficiency of the SEC’s argument." They were referring to the SEC's assertion that certain tokens, including the ill-fated TerraUSD stablecoin, were securities due to their method of sale. However, the SEC has doubled down on its accusations that Terraform Labs and Kwon offered and sold unregistered securities as part of a fraudulent scheme, causing a loss of at least $40 billion in market value. The SEC also underscored that the institutional investor aspect of the Ripple ruling supports its case against Terraform Labs. The SEC notes that institutional buyers in such a case (such as trading firms that purchased crypto assets from Terraform Labs with no restrictions on resale) purchased ostensibly on the reason that the assets were an investment on top of Terraform Lab's initiatives. The legal entanglements involving the SEC, Ripple Labs, and now Terraform Labs, highlightts the evolving dynamics between the emerging crypto industry and established securities regulations. The nuanced interpretation of these regulations in relation to cryptocurrencies like XRP and TerraUSD has far-reaching implications for the industry. How these cases play out in the courts will set precedents that could shape the crypto landscape for years to come. SEC's Prospective Appeal The SEC's recent motion reveals its plan to challenge the federal court ruling in favor of Ripple Labs. U.S. District Judge Analisa Torres upheld that nearly half of Ripple's XRP sales did not contravene investor-protection laws. This verdict sparked hope among other defendants embroiled in disputes with the SEC regarding their cryptocurrency sales, which, according to the SEC, often constitute illegally sold securities. This court ruling has become a beacon of hope for defendants like Do Kwon, co-founder of Terraform Labs. Kwon, currently serving time in prison, faces an SEC lawsuit alleging fraudulent activities and various legal infringements. The lawsuit was filed in February in Manhattan federal court. In light of the recent Ripple Labs ruling, Kwon's defense is employing it as a basis to refute the SEC's accusations. Precedent in Flux With the SEC signalling its intent to appeal the Ripple Labs ruling, a cloud of uncertainty hangs over the crypto industry. The final decision on the Ripple case could profoundly influence ongoing and future lawsuits, including Terraform Labs.Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
337 days agocryptopotato
TFS Token Launches a New Liquidity Staking Feature
[PRESS RELEASE – Willemstad, Curacao, July 24th, 2023] Last year, the Fairspin platform launched two associated loyalty programs: Play To Earn and Hold To Earn. Within the first one, it is possible to receive TFS tokens as a rakeback; using the second one, it is possible to increase them thanks to the holding without any […]
337 days agocryptodaily
TFS Token Launches a New Liquidity Staking Feature
Willemstad, Curacao, July 24th, 2023, ChainwireLast year, the Fairspin platform launched two associated loyalty programs: Play To Earn and Hold To Earn. Within the first one, it is possible to receive TFS tokens as a rakeback; using the second one, it is possible to increase them thanks to the holding without any risks.Both programs have already shown outstanding results. Since its launch, $726,234 and $1,759 091,86 were paid to players in frames of the Play To Earn and Hold To Earn respectively.TFS Token team is pleased to announce another beneficial way to get additional income for TFS holders - the liquidity staking program.What is liquidity staking?Tokens and money, staked in such a program, will be used to increase liquidity on the PancakeSwap in the TFS-USDT pool. This will help improve the liquidity of the TFS token, thus strengthening its position on the market.The Liquidity Staking option is available on the Staking Programs page on the Fairspin website.Unlike the already existing staking programs, liquidity staking is permanent, which means if a user chooses this option, staking will continue until the option is not stopped by the user.At the same time, the reward from the liquidity staking can be withdrawn at any time upon the user's request. There is no obligatory minimum staking time to withdraw the reward as well as there are no limits on the number of withdrawing requests.How the reward is calculatedThe amount of reward depends on the GGR of Fairspin casino and the number of tokens in the staking pool and the user's multiplier.The user's multiplier depends on the length of your stake in days.Calculation formula:from 0 to 1 day multiplier *0.3from 7 to 30 days multiplier *0.630 to ∞ days multiplier *1The reward, in the end, will be equal to % of the GGR of the Fairspin casino multiplied by the user's share in the pool and multiplied by the time multiplier. If a user stakes tokens for 1 month and more, he will have the maximum benefit - a share of 0.5% of GGR.The request to stop liquidity staking can be made at any time. A user can request to withdraw the full sum or a part of it.The tokens will be sent to a user’s account immediately.In case a user makes a request to withdraw a part of tokens from the Liquidity Staking, the reward multiplier for the rest of the tokens in Liquidity Staking will go back to the initial level.About TFS TokenThe TFS token is the driving force behind Fairspin, one of the leading global blockchain casinos, that ushers in a new era of trust and transparency in online gambling.Built upon ERC-20/BEP-20 technology, the TFS token ensures immutable betting data, empowering players with complete access to their gaming history and rewards. With a limited supply and a focus on user rewards, the token introduces groundbreaking Play to Earn and Hold to Earn features, rewarding players for their engagement.As the gaming industry continues to evolve, the TFS token stands at the forefront, revolutionizing the way players interact with online casinos and shaping the future of fair gaming.ContactTFS Token PR [email protected]
355 days agocoindesk
Centralization Comes to DeFi as Group Behind MIM, SPELL Tokens Mull Legal Shakeup
A project leader called for adding lawyers, jurisdictions and trustees for Abracadabra DAO, the entity overseeing Magic Internet Money (MIM) and SPELL tokens.
440 days agocryptodaily
Get Ready for a Valuable Gaming Experience with CryptoLeoCasino
Get ready, Brazil, because CryptoLeo is bringing its popular online casino with a sleek and modern design to your market! With eight languages available, this fully licensed and regulated casino by the Government of Curacao offers various games from top software providers. CryptoLeo offers excitement that knows no bounds! From the moment you set foot on CryptoLeo's virtual realm, you'll be mesmerized by its modernized graphics style and a treasure trove of captivating gaming options, all neatly organized into their respective categories. With a wide array of games from renowned software providers like Yggdrasil Gaming, Rubyplay, Betsoft, Nolimit City, Elk Studios, and more, CryptoLeo promises a gaming experience that is truly a cut above the rest. But that's not all! CryptoLeo goes the extra mile to ensure that your gaming journey is smooth sailing all the way, with fast and hassle-free withdrawals that add to the thrill of your gaming adventures. With its growing popularity as the go-to online casino for players who crave excitement and variety, CryptoLeo is a force to be reckoned with in the world of online gaming. Keep reading to discover the incredible offers and unbeatable thrills that await you at CryptoLeo. Why Is CryptoLeo So Unique Style CryptoLeo.com boasts a cutting-edge website design that radiates modernity and sophistication. The sleek interface immediately captivates visitors with its dark background and vibrant colors, igniting a sense of excitement and anticipation. The well-organized 'Lobby' acts as a central hub, with dedicated sections for different game types, ensuring seamless navigation for players. The website prominently showcases the list of supported cryptocurrencies, making it evident that CryptoLeo.com is a crypto-friendly platform. Tabs for favorite and top games enable quick access to preferred games, enhancing the overall user experience. Furthermore, sections such as 'Last Games,' 'Top Games,' 'Crash,' 'New Games,' and 'Live Games' provide ample opportunities for players to explore and discover new gaming options. Whether you're a seasoned player or a beginner, CryptoLeo.com offers a streamlined and intuitive user experience, empowering you to start winning without any hassle. With its captivating design and user-friendly interface, CryptoLeo.com stands out as a premier destination for crypto gaming enthusiasts, catering to players of all experience levels. What You Get CryptoLeo brings together the excitement of gaming with the thrill of cryptocurrency rewards! As a premier cryptocurrency casino, CryptoLeo stands out with its unique 'Instant Rakeback' offer. This unparalleled promotion gives you a percentage of your bets back, setting CryptoLeo apart from other online casinos. With an impressive cap of 25% on the 'Rakeback' percentage, you are in for a treat like no other. But that's just the beginning! CryptoLeo takes player engagement to new heights with its innovative user-level system. Starting from Bronze 1 for new players and reaching all the way up to Platinum at level 151, you can climb the ranks and earn higher 'Rakeback' percentages as they progress. For example, levels 1 to 10 offer an instant 'Rakeback' reward of 7%, while levels 51 to 60 (Silver 1) offer 10%, and levels 121 to 130 (Gold 4) offer an astonishing 13%. This incentivizes players to keep wagering and unlocking higher levels for even greater rewards. With over 3000 high-quality games to choose from, you'll never run out of options at CryptoLeo. The front page showcases the hottest games of the moment, including popular titles like Sweet Bonanza, Gates of Olympus, and Beast Mode, all featuring advanced graphics and immersive acoustics for a truly captivating gaming experience. If progressive slots are your passion, CryptoLeo has you covered with its wide array of jackpot games, including the renowned Mega Moolah by Microgaming, which holds the record for the largest progressive win in history. And suppose you crave the authentic casino ambiance; the live games section features a diverse selection of games from leading providers like Pragmatic Play and Evolution Gaming, bringing the thrill of the casino right to your fingertips. But the excitement doesn't stop there! CryptoLeo offers a gamification system for registered players with daily missions, permanent missions, mission achievement points, tournaments, and an internal store. The monthly 'Leo Pride Tournament' is a highlight, boasting a massive prize pool of 5000 USDT, allowing you to compete and win big. Device Interface In today's fast-paced technological era, staying ahead of the curve is essential for any gaming company aspiring to success. CryptoLeo casino recognizes this as a new player in the industry. It strongly emphasizes efficiency and accessibility across all devices to provide a seamless and satisfying user experience. Unlike other casinos that restrict their offerings to certain platforms, CryptoLeo is accessible on desktop, Android, and iOS devices without the need to download an app. The platform is designed to operate smoothly and seamlessly on any device, allowing you to access all features and play games wherever you are, hassle-free. How Safe Is CryptoLeo? CryptoLeo places the highest premium on your safety in the competitive global market of crypto casinos. It utilizes advanced SSL encryption methods and CloudFare to prevent unauthorized personal information leaks. Additionally, they offer anonymous registration, ensuring a higher level of safety without the need for specific information. To demonstrate its commitment to fairness, CryptoLeo employs rigorous testing methods to verify the randomness of game outcomes. They have a dedicated section for RNG testing and fairness, ensuring that every game on the site caters to players' interests. As a fully regulated and licensed casino by the Government of Curacao, you can trust that CryptoLeo operates in accordance with industry standards. While CryptoLeo aims to attract a global audience and has recently expanded into the Brazilian market, it's important to note that players from countries such as the USA, UK, Spain, the Netherlands, Russia, and others are not able to play on the site, as stated in the terms and conditions section. Compliance with applicable laws and regulations is a priority for CryptoLeo, and the casino ensures that its operations align with legal requirements. CryptoLeo Payment Methods CryptoLeo makes managing your funds as easy as a click of a button, ensuring that your gaming experience is hassle-free from start to finish. Their user-friendly and intuitive interface makes navigating the site and managing your account a breeze. As one of the fastest-growing cryptocurrency casinos, CryptoLeo supports a variety of digital currencies, including Bitcoin, Litecoin, Ethereum, and more. With 12 of the top digital currencies available for deposit and withdrawal, you can choose the best option. CryptoLeo also understands that convenience is key, so they offer the option to purchase cryptocurrencies directly from their site. This means you can easily fund your account without having to go through the hassle of purchasing digital currencies from third-party exchanges. Deposit And Withdrawal Methods CryptoLeo's deposit and withdrawal processes are so simple you'll be playing with real money in no time. Their user-friendly website makes it easy to access your "wallet" and follow the steps for a successful deposit or withdrawal. And with no maximum deposit limit, you can deposit as much as you want to play your favorite games. CryptoLeo offers instant deposits for instant play, so you won't have to wait long to start winning big. Just keep in mind that there is a minimum deposit requirement, which varies depending on the currency you choose to use. For example, if you're using BTC, the minimum deposit is 0.0001, while ETH requires a minimum deposit of 0.01, and TRX requires at least 10. Customer Support The world of online gaming is all about quick and reliable financial transactions. That's why CryptoLeo Casino goes the extra mile to provide top-notch customer support to ensure a seamless gaming experience. With their 24/7 support team available through online and email services, you can rest assured that any concerns or issues will be promptly addressed. And if you're in a hurry, the live chat icon is prominently displayed on the CryptoLeo.com website, providing you with immediate assistance. All contact information is conveniently located at the bottom of the page, making reaching out to their team easy. But that's not all – CryptoLeo takes customer support seriously and provides a comprehensive list of frequently asked questions (FAQs) at the bottom of their site. The FAQs cover a broad range of general issues that may arise, ensuring that you have all the information you need at your fingertips. And if you need more specific help, the 24/7 support chat feature is always available to provide prompt and reliable support. Conclusion CryptoLeo's rapid rise in the gaming industry is evident through its impressive 7.11 casino rank on askgamblers.com. The casino's emphasis on player safety, exceptional customer support, and modern, sleek design makes it popular among gamers. With the breakthrough in Brazil and many other updates in the pipeline, CryptoLeo is set to establish itself as a gaming powerhouse. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
446 days agocointelegraph
Arbitrum poses new governance proposals after community furor
The Arbitrum Foundation has made a couple of new governance proposals following the fracas that occurred over its original.

About Radio Caca?

The live price of Radio Caca (RACA) today is 0.000198 USD, and with the current circulating supply of Radio Caca at 367,835,221,779.97 RACA, its market capitalization stands at 73,010,808 USD. In the last 24 hours RACA price has moved 0.000003 USD or 0.02% while 4,274,178 USD worth of RACA has been traded on various exchanges. The current valuation of RACA puts it at #442 in cryptocurrency rankings based on market capitalization.

Learn more about the Radio Caca blockchain network and how it works or follow the price of its native cryptocurrency RACA and the broader market with our unique COIN360 cryptocurrency heatmap.

Radio Caca Price0.000198 USD
Market Rank#442
Market Cap73,010,808 USD
24h Volume3,837,745 USD
Circulating Supply367,835,221,779.97 RACA
Max Supply500,000,000,000 RACA
Yesterday's Market Cap71,955,032 USD
Yesterday's Open / Close0.000192 USD / 0.000196 USD
Yesterday's High / Low0.000209 USD / 0.000185 USD
Yesterday's Change
0.02% ( 0.000003 USD )
Yesterday's Volume4,274,177.50 USD
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