Troll Token? Why DeFi Yield Farmers Are Now All About YFI

A new governance token in decentralized finance (DeFi) is captivating yield farmers’ attention. Its creator didn’t set aside any of the tokens for himself and he insists the new token has no monetary value.

Still, that hasn’t stopped it from trading as high as $2,374 a pop, according to CoinGecko.

YFI is the governance token for Yearn.Finance, a site that performs a variety of functions for DeFi users, moving their assets in and out of different liquidity pools in order to find the best yields. Its name may also be a reference to an unflattering internet acronym.

Related: Market Wrap: Bitcoin Clings to $9,200 While Ethereum Transactions Soar

Read more: What Is Yield Farming? The Rocket Fuel of DeFi, Explained

“Each of these systems have control mechanisms, configurable fees, maintenance controls, and rules that can be modified. Thus far, these have been managed by us,” Yearn’s creator,

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After $9 Billion Credit Hit, Banks Seek Trade Finance Revamp

(Bloomberg) — When Credit Agricole SA and HSBC Holdings Plc issued a payment guarantee for a $76.5 million fuel purchase from a Singapore trader in March, they unwittingly became the latest victims in a series of trade finance scandals that have led to more than $9 billion in potential losses for global lenders.

At the same time that Hin Leong Trading Pte. was pledging the fuel to back the loan, it allegedly agreed to sell the same cargo to another trader, who sought letters of credit from three banks including Credit Agricole.

This line of credit merry-go-round was among many allegedly fraudulent tools used by Hin Leong, one of Singapore’s biggest oil traders before its spectacular collapse in April that left 23 banks on the hook for $3.5 billion, according to a report from court-appointed managers.

For banks financing the opaque world of commodities trading in Singapore, Hin Leong isn’t

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German ministers face grilling over Wirecard collapse

Frankfurt am Main (AFP) – Germany’s finance and economy ministers will be grilled by lawmakers on Wednesday about the massive fraud scandal that brought down payments provider Wirecard, amid criticism that authorities failed to act on early warning signs.

Wirecard filed for insolvency last month after admitting that 1.9 billion euros ($2.2 billion) missing from its accounts did not exist.

Former CEO Markus Braun has been arrested on suspicion of falsifying accounts and market manipulation.

The Wirecard revelations have stunned Germany, drawing comparisons with the Enron accounting scandal in the United States almost two decades ago.

Germany’s parliamentary finance committee has asked Finance Minister Olaf Scholz and Economy Minister Peter Altmaier to attend a closed door special hearing to shed light on the saga from 1400 GMT.

Questions are likely to focus on when exactly government officials and regulators learned of accounting irregularities at Wirecard, and if there were any

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Press Release On Seoneedthis.info

Malang 9 August 2020

Seoneedthis.info is a place to learn Search Engine and does not sell and buy SEO services.

Ifan Azwar Anas is an SEO Artist as well as the owner of Godsseo, Goyizseo, and seoneedthis.info. With the increasing number of internet users in Indonesia, search engines’ role will be even more significant in the business world.

Many SEO services offer services in the field of SEO, but it is apparent that Seoneedthis.info is only a place to learn search engines without trading any services.

The education provided at Seoneedthis.info is about all activities related to search engines, from optimization to strengthening positions on search engines.

The education provided here is global and has nothing to do with white hats, gray hats, or black hat techniques.

Regarding the slogan of seoneedthis.info, “we cheat search engines,” that is a slogan only, it does not mean we are carrying out … Read More

Press Release On Seoneedthis.info

Malang 9 August 2020

Seoneedthis.info is a place to learn Search Engine and does not sell and buy SEO services.

Ifan Azwar Anas is an SEO Artist as well as the owner of Godsseo, Goyizseo, and seoneedthis.info. With the increasing number of internet users in Indonesia, search engines’ role will be even more significant in the business world.

Many SEO services offer services in the field of SEO, but it is apparent that Seoneedthis.info is only a place to learn search engines without trading any services.

The education provided at Seoneedthis.info is about all activities related to search engines, from optimization to strengthening positions on search engines.

The education provided here is global and has nothing to do with white hats, gray hats, or black hat techniques.

Regarding the slogan of seoneedthis.info, “we cheat search engines,” that is a slogan only, it does not mean we are carrying out … Read More

German Finance Minister Knew of Wirecard Issues a Year Before Collapse

(Bloomberg) — German Finance Minister Olaf Scholz was aware of potential market manipulation at Wirecard AG almost a year and a half before the company collapsed, putting pressure on a key figure in Angela Merkel’s government.

Financial watchdog BaFin informed Scholz in February 2019 about the case “because of the suspicion of a violation against the prohibition of market manipulation,” according to a report by the Finance Ministry seen by Bloomberg.

His early knowledge of the allegations swirling around Wirecard increases scrutiny on the highest-ranking Social Democrat in Merkel’s coalition and lays bare the delicate political dynamics just over a year before the next election.

Presented to the heads of the parliamentary finance committee on Thursday evening, the report creates a new opening for critics who accuse German authorities of being too lax by failing to pursue fraud allegations of a company that aspired to be a leading light in

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