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2023-02-20 12:00:46 ​NFT collector loses 35 ETH after a “fat finger” bid on Beanz collection

An NFT collector by the name “Franklin” on Twitter has accidentally lost 35 ETH, worth over $59k, after a “fat finger” bid on Beanz collection.

A costly fat finger
Franklin, who claims to be the sixth largest collector of Bored Ape Yacht Club (BAYC), said he accidentally placed a “fat finger” offer of 35 ETH for a Beanz collection. He meant to place a much lower bid considering the floor price of the Beanz NFTs is less than 2 ETH.

As you may already know, I placed a fat-finger collection offer of 35 ETH on Beanz. I meant to type a much lower bid with a quantity of 35, but I instead bid 35 ETH for 1 purchase (floor of like 1.73 ETH at the time). It got accepted before I could cancel.

Beanz NFTs are “small species that sprout from the dirt in the garden” and can make a “great sidekick for Azuki”. Each Bean, the creator explains, is “earnestly driven by the desire to help”. All Beanz NFTs have been minted on Ethereum.

By accepting the bid price offered by Franklin, the seller of the unidentified Beanz NFT got an above-rate profit from the asset. The immutable nature of ETH and crypto transactions means funds cannot be reversed once confirmed. Open / Comment

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2023-02-18 09:41:13 ​Centrifuge Wants To Back Aave’s GHO Stablecoin With Real-world Assets

Centrifuge — an on-chain ecosystem for structured credit — is looking to become the real-world asset facilitator for Aave’s new stablecoin, GHO.

In a governance discussion, Asad Khan, DeFi politician at Centrifuge, noted that its backers had the relevant infrastructure and ecosystem to integrate GHO with the real world.

The protocol is already preparing a draft so that once GHO facilitators are ready for onboarding, they will be ready to post a formal facilitator proposal.

“GHO has a great deal of potential. It represents an opportunity to iterate on the decentralized stablecoin mode, while benefiting from the strength of the existing Aave community and userbase,” Khan told Blockworks.

Centrifuge is currently an real-world asset (RWA) facilitator for MakerDAO’s DAI stablecoin. Open / Comment

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2023-02-16 20:41:02 ​​Bitcoin Cash Price Prediction – Can BCH Reach $10,000?

Bitcoin Cash price is entangled in a futile tug-of-war between the bulls and bears. This fruitless search for a bottom as the bear market wreaks havoc is not unique to the Bitcoin (BTC) fork.

The largest cryptocurrency has been forced to face a new technical outlook after slipping beneath $19,000. If this support is not reclaimed as soon as possible, Bitcoin price could lose more ground toward its June low at $17,708.

On the other hand, Bitcoin Cash dodders at $104 ahead of the weekend on Friday, October 21, 2022. It has been five years since BCH achieved its all-time high of $3,785. The token has now retraced 97.2% from that record high.

The future of Bitcoin Cash is intertwined with that of the general cryptocurrency market. If pressure does not ease off BCH, support at $100 could be obliterated in favor of a n extended leg down to $79.25. Bitcoin Cash may retest its all-time low at $76.93 before reversing the trend significantly north. Open / Comment

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