MaritimeHistory
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On May 29, Hutchison Ports Pakistan set a historic milestone with the arrival of one of the largest container vessels.
This landmark event highlights the terminal's state-of-the-art technology and infrastructure, proving its capacity to handle ultra-large container ships efficiently. The vessel, measuring 400 meters in length and with a capacity of 19,368 TEUs, is the largest ever to berth in Pakistan.
This achievement not only showcases Hutchison Ports Pakistan's advanced capabilities but also underscores its strategic significance in the region.
The arrival of such massive ships is expected to boost trade, reduce shipping cost, and significantly enhance Pakistan's position in global maritime commerce. Additionally, the increased port activities are set to generate substantial revenue for the government, contributing to the nation's economic growth.
#BreakingNews #MaritimeHistory #Pakistan #CVMSCANNA #HutchisonPortsPakistan #ShippingNews #GlobalTrade #PortDevelopment #EconomicImpact
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This landmark event highlights the terminal's state-of-the-art technology and infrastructure, proving its capacity to handle ultra-large container ships efficiently. The vessel, measuring 400 meters in length and with a capacity of 19,368 TEUs, is the largest ever to berth in Pakistan.
This achievement not only showcases Hutchison Ports Pakistan's advanced capabilities but also underscores its strategic significance in the region.
The arrival of such massive ships is expected to boost trade, reduce shipping cost, and significantly enhance Pakistan's position in global maritime commerce. Additionally, the increased port activities are set to generate substantial revenue for the government, contributing to the nation's economic growth.
#BreakingNews #MaritimeHistory #Pakistan #CVMSCANNA #HutchisonPortsPakistan #ShippingNews #GlobalTrade #PortDevelopment #EconomicImpact
$BTC
$ETH
$BNB
Justin Sun's USDD Stablecoin Is No Longer Backed By BTC
On Wednesday, the Tron DAO Reserve removed nearly $750 million worth of BTC backing USDD – the algorithmic stablecoin launched by Justin Sun in 2022 as a competitor to Terra’s now defunct UST token.
Many criticised this move, with one user noting that USDD was now 100% backed by TRX except for $20M of USDT. However, Justin Sun attempted to downplay concerns by stating that the withdrawal of BTC was “part of the basics of DeFi 101.”
He argued that any collateral holder could withdraw any amount freely without anyone's approval as long as the remaining collateral exceeded the amount specified by the system (usually between 120%-150% depending on the vault).
He argued that USDD’s long-term collateralization rate exceeded 300% and that its capital utilization was not very efficient.
#JustinSun #SunSwap #CryptoNews🚀🔥 #MarketExperts #MaritimeHistory
On Wednesday, the Tron DAO Reserve removed nearly $750 million worth of BTC backing USDD – the algorithmic stablecoin launched by Justin Sun in 2022 as a competitor to Terra’s now defunct UST token.
Many criticised this move, with one user noting that USDD was now 100% backed by TRX except for $20M of USDT. However, Justin Sun attempted to downplay concerns by stating that the withdrawal of BTC was “part of the basics of DeFi 101.”
He argued that any collateral holder could withdraw any amount freely without anyone's approval as long as the remaining collateral exceeded the amount specified by the system (usually between 120%-150% depending on the vault).
He argued that USDD’s long-term collateralization rate exceeded 300% and that its capital utilization was not very efficient.
#JustinSun #SunSwap #CryptoNews🚀🔥 #MarketExperts #MaritimeHistory
Australian Regulator Claims Win Over Kraken’s Bit Trade In Federal Court !!
The Australian Securities and Investments Commission (ASIC) has reportedly secured a win in its case against Bit Trade, the operator of Kraken’s crypto exchange in Australia. Notably, the Federal Court of Australia ruled that Bit Trade "contravened" a section of the nation's Corporations Act by acting as a credit facility without a license.
Specifically, ASIC had initiated a civil suit against Bit Trade on the grounds that its margin trading product was launched without a target market determination outlining the appropriate customers.
The federal judge accepted ASIC’s arguments and ruled that Kraken failed to comply with design and distribution obligations under section 994B(1) of the Corporations Act when read with section 994B(2).
#MarketExperts #MaritimeHistory #MarketIndicator #CryptoNewss #Write2Earn!
The Australian Securities and Investments Commission (ASIC) has reportedly secured a win in its case against Bit Trade, the operator of Kraken’s crypto exchange in Australia. Notably, the Federal Court of Australia ruled that Bit Trade "contravened" a section of the nation's Corporations Act by acting as a credit facility without a license.
Specifically, ASIC had initiated a civil suit against Bit Trade on the grounds that its margin trading product was launched without a target market determination outlining the appropriate customers.
The federal judge accepted ASIC’s arguments and ruled that Kraken failed to comply with design and distribution obligations under section 994B(1) of the Corporations Act when read with section 994B(2).
#MarketExperts #MaritimeHistory #MarketIndicator #CryptoNewss #Write2Earn!