McDonald's Launches a Metaverse Company to Celebrate Lunar New Year

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🌍 Artificial Intelligence and Cryptocurrency: The Rise of AI-Driven Projects in 2023

Since interest peaked and Microsoft invested billions in Chatgpt, the demand for AI-focused cryptocurrency projects has skyrocketed. For example, the Fetch crypto project. over the past 30 days, AI has shown its native FET token up 212%, while another AI project, Singularitynet, has shown its AGIX token up 293% against the US dollar.

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💵 Tether management denied the fact of borrowing money from Celsius

Paolo Ardoino, talking to reporters, cited a report by expert Shoba Pillay on the bankruptcy of Celsius to prove this assertion.

The report says that Tether was among Celsius's borrowers, along with companies like Three Arrows Capital, who borrowed about $75 million.

According to the report, Celsius loans for Tether were twice the possible limit.

As a result, the amount of borrowed money from Tether grew to $2 billion, and the influence became so great that the lender began to have problems at the end of September 2021. The Celsius risk committee felt that Tether could create even more problems.

According to Ardoino, the expert could have confused something by simply typing it in the report. Or misrepresent the situation.

Everything can rest on the wording, according to which Celsius did not provide loans to Tether, but placed collateral in excess of the amounts borrowed from Tether:

“Celsius borrowed $1.8 billion in USDT stablecoin from Tether, pledging $2.6 billion of its assets under management as collateral.”

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https://twitter.com/cb_doge/status/1788910681888047285?t=YW_FnFk9po_KmNyhcIl-_g&s=19

#Xlm #SOROBAN #Xpay #elon