ImportantAcala to Hold Token Burn on April 19th1 min readACAUSDT ACAUSD Acala is scheduled to burn 387,100 ACA tokens on April 19th The next $ACA burn is slotted to happen in 1D 14Hrs with 387,100 $ACA to be burnt Keep track of the Acala treasury along with the monthly burns on Acala Subsquare : https://t.co/iRLZGVidqD pic.twitter.com/HFMv7nLHf3 Acala Network is a decentralized finance (DeFi) platform operating on the Polkadot blockchain. The project was specifically developed to provide DeFi functionality within the Polkadot network. The creators of Acala aimed to offer tools for developers and users to create and utilize financial applications. The main products of Acala include the stable cryptocurrency Acala Dollar (aUSD) and the Acala DEX platform, a decentralized exchange for trading digital assets. The project also provides opportunities for staking and borrowing against collateralized digital assets. Acala Dollar is a stable cryptocurrency peg to the US dollar. aUSD enables users to participate in DeFi without relying on traditional banking services. Acala DEX allows users to trade various digital assets supported by the Polkadot network, including aUSD and other digital assets. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView an unusual traffic jam was once caused by rumors of paranormal phenomena spread on prime time when a local girl claimed to have seen ghostly faces on an old Standing at the back of a community center The girl’s claims brought out the whole neighborhood of Koya-Nakatsubo to witness the phenomenon informing the rest of the country of the strange case of the Obake-ishi (“ghost stone”) The curious and the amused drove all the way to Moriya to see it and summer holiday-goers came flocking to the site but by fall of the same year it was all but forgotten some delinquent defaced the stele by spray-painting on it The city installed an iron fence to protect it and today few remember the “haunting,” let alone pay the site a visit but it’s best to visit it during the day as it’s a residential neighborhood about 20 minutes away from the nearest station (Minami-Moriya) the area is known for its association with Taira no Masakado a 10th-century samurai lord infamous as one of the big three of Japan’s vengeful spirits There is a temple purportedly founded by him This haunted 17th-century pub was moved to a new city when it was already almost 300 years old This notorious dive has been serving up both kinds of spirits since 1879 The owners of this Victorian-era estate say it’s still visited by the spirits of long-gone residents Paranormal investigators claim this abandoned asylum is the most haunted spot in the eastern U.S and haunted dolls on display in a tiny North Carolina town and a burial ground are all that's left of this community lost to the Black Death cars seem to defy the laws of physics by rolling uphill This rocking chair headstone is allegedly haunted by the spirit of a young girl named Pearl and Acala were among the best-performing cryptocurrencies on Monday I posted about $AIC a few months back Key Updates:– OKWallet Integration: A major milestone is on the way with OKWallet support to be announced soon Adventure Gold (AGLD) also climbed for two consecutive days in a high-volume trading environment The token has been one of this year’s top-performing cryptocurrencies This rally has boosted AGLD’s market cap to over $227 million and its 24-hour trading volume to $1.3 billion Acala (ACA) continued its upward trend, reaching a high of $0.12—a 155% increase from its lowest level this year. The rally comes as the Polkadot (DOT) network continues to perform strongly with its total value locked rising to over $111.4 million These tokens experienced double-digit gains as the mood in the crypto industry remained muted and volume fell meaning that it has crashed by 15% from its highest level this year. a popular gauge on sentiment in the industry has moved from the extreme greed zone of 90 to the neutral point of 50 the altcoin season index has moved from the year-to-date high of 87 to 44 and Mantra were among the worst-performers The next potential catalyst for Bitcoin and other altcoins will be the potential January Effect a situation where assets rise in the first days of the year This rebound typically happens as many investors create their portfolios for the year. Also, the Donald Trump inauguration in January and the FTX distribution could push them higher in January. Most importantly, seasonality data shows that the first quarter is usually the best time to invest in cryptocurrencies. SEARCHThe global authority in superyachting The 31.1-metre Cantiere delle Marche (CDM) explorer yacht Acala is newly listed for sale by Giancarlo Mussino of Sinos Built in steel and aluminium by Italian yard CDM to a design by Hydro Tec Acala was delivered in 2015 as the first yacht in the Darwin Class 102 explorer series Accommodation is for 12 guests in five cabins plus crew quarters for seven The guest cabins are all on the lower deck comprising a master suite Both her main saloon and sky lounge have floor-to-ceiling sliding glass doors that can be completely moved to the side to enable easy guest flow from the dive centre in the lazarette that hosts a nitrox compressor to air conditioning in the outdoor living areas The swim platform has been enlarged so Acala can accommodate a five-metre tender The 244GT yacht for sale's top speed is 13 knots and she has a range of 4,500 nautical miles at 10 knots Power comes from a pair of Caterpillar diesel engines Acala is asking €10,500,000 and lying in Malta. Latest news, brokerage headlines and yacht exclusives, every weekday SubscribeSign up to our newslettersSign up to BOAT International email newsletters to get the latest superyacht news Boat International Media Ltd © 2008 - 2025 Content presented under the "BOAT Presents" logo is an advertising feature and Boat International Limited has been paid to include this content I have friends who can handle just about any kind of horror movie except for the ones involving demonic possession and the occult that’s the subgenre I’ve always found the most comforting Some of these movies, like this year’s Immaculate and The First Omen, may exploit religion for easy scares. But they can also confront and affirm matters of faith with a sincerity that Hollywood rarely attempts. That’s why The Exorcist is not just one of the great horror films about the occult activity going on in Longlegs a tense and frightening new movie in which evil is everywhere and God seems entirely absent Part of what makes the film so effective is that it doesn’t really depend on secrets or surprises The writer and director Osgood Perkins summons an atmosphere of dread so intense We meet the nightmarish villain known as Longlegs in the very first scene. He’s a small-town oddball played with a big fright wig and creepy prosthetic makeup by an almost comically terrifying Nicolas Cage The authorities are stumped by Longlegs, a satanic serial killer who never once lays a finger on his victims. His crimes all appear to be clear-cut murder-suicides, in which a husband and father kills his family before taking his own life. But at each crime scene Longlegs leaves behind a letter, written in a code reminiscent of the Zodiac Killer that makes clear there will be more murders to come the FBI taps an upstart agent — that’s Lee Harker played by Maika Monroe — who has psychic abilities but Perkins treats it with a conviction that makes it feel almost fresh Monroe came to fame fleeing supernatural terrors in the movie It Follows and she was quietly mesmerizing a few years ago as a woman being stalked in the Hitchcockian thriller Watcher even when she’s playing the hunter instead of the hunted she seems terrified — even haunted — by what she uncovers Of all the movies that inspired Longlegs, the clearest influence is The Silence of the Lambs, with its serial-killer cat-and-mouse games; Harker is basically the Clarice Starling to Longlegs’ Hannibal Lecter Reinforcing the connection between the two movies That’s not the only way in which Perkins’ movie seems to have emerged from an earlier era You’ve seen bits and pieces of this story countless times before: the crime-scene photos Longlegs reminded me of many other mysteries in which killers take an insidious hands-off approach from Agatha Christie’s 1975 novel Curtain to Kiyoshi Kurosawa’s brilliant 1997 thriller But if elements of the story can feel derivative Using eerily precise compositions and dimly lit interiors he finds a brooding menace in seemingly ordinary places Even when he unleashes a jump scare or a sinister home-video-style flashback Perkins gets sharp performances, too, from actors like Alicia Witt as the one known survivor of Longlegs’ crimes The actor may be no stranger to going wildly over-the-top but I can’t recall him ever having played a figure of such pure with no hope of escape or redemption in sight some of that power does dissipate in the closing stretch an explanation has a way of ruining things — a joke nonprofit news organization that produces award-winning journalism Click 'OK' then 'Allow' to enable notifications Instagram X Threads Snapchat TikTok YouTubeLAD Entertainment Home> Entertainment> Netflix Featured Image Credit: NetflixTopics: Netflix, True Crime, TV and Film She graduated from the University of Sheffield with a degree in History followed by an NCTJ accredited masters in Journalism She began her career as a freelance writer for Digital Spy Here are all the changes made in Netflix's new Woman of the Hour movie as the film debuts on Netflix The dramatisation of the chilling true story is likely to be a hit amongst true crime fans with Kendrick also starring as a fictionalised version of Cheryl Bradshaw - the woman who'd selected Acala to go on a date with after the show - named Sheryl Woman of the Hour has since received mixed reviews online with many questioning Kendrick's decision to change certain aspects of the story The biggest difference between the film and real life is how Cheryl/Sheryl and Rodney's relationship is depicted on-screen all the questions Cheryl asked to the eligible bachelors on The Dating Game had been pre-written by producers whereas Kendrick's Sheryl comes up with the questions herself In real life, Cheryl never met up with Rodney after the game show finished after feeling uncomfortable around him. She would later explain her reasons why in an interview with the Sydney Telegraph in 2012 Whereas Sheryl later agrees to go on a date with Rodney and is left feeling visibly uncomfortable with their encounter Several other creative liberties are taken when depicting the events of The Dating Game claims of studying alongside Roman Polanski and his interactions with other cast members However, the chilling fact that Acala managed to take part on a dating show after serving two prison sentences thanks to no background checks taking place on the show Woman of the Hour also makes changes to how 15-year-old Monique Hoyt who is renamed 'Amy' in the film encounters the killer at the end of the film Nicolette Robinson's character of Laura, who recognises Rodney in the audience of The Dating Game, also appears to be fictionalised, as per Screen Rant Kendrick has since explained her decision for taking certain creative liberties with the story revealing she wanted to focus on the perspective of the women who'd encountered Acala with an emphasis on maybe a young detective who finally takes on this case and a determined prosecutor who keeps the criminal behind bars," she explained "But while those things are facts in this case it felt emotionally dishonest if I had included that in my film." This website is using a security service to protect itself from online attacks The action you just performed triggered the security solution There are several actions that could trigger this block including submitting a certain word or phrase You can email the site owner to let them know you were blocked Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page Securities.io is committed to rigorous editorial standards. We may receive compensation when you click on links to products we review. Please view our affiliate disclosure Trading involves risk which may result in the loss of capital The Acala Token (ACA) operates as a DeFi (decentralized finance) protocol that enables Polkadot users to leverage advanced blockchain services The protocol is a smart contract programmable layer-1 blockchain that serves a valuable role in providing developers and users access to the newest crypto features in the market it continues to see development as more users seek out alternatives to Ethereum There are many problems that the Acala Token was built to eliminate the protocol helps to create more decentralization in the market This scenario has led to scalability concerns and other issues that Acala Token users can avoid Part of the problem with scalability issues is that they drive fees and create transaction delays The Acala Token leverages Polkadot's advanced interoperability to enable users to pay networks fees in nearly any token This feature helps both users save on conversion fees and streamlines the development process the network provides developers with lower gas fees Gas fees are the fee paid to network nodes to execute smart contracts these fees have hit record highs as of late The Acala Token leverages micro-gas fees to enable developers to create more in-depth and interactive Dapps Another issue that has caused drama in the past amongst decentralized networks is fork upgrades There are two types of upgrades conducted by decentralized networks The main difference between the two is that in a hard fork the miners must complete the update to continue mining the most current blockchain There have been incidents in the past where miners refused to make the upgrade which resulted in the creation of multiple blockchains These actions split a coin's community which lowers participation The Acala Token network can upgrade without forks to integrate new features Acala brings with it a host of benefits for the average user the entire network was optimized to support the latest and most advanced DeFi features it provides a responsive and scalable experience for users that can upgrade smoothly Another main advantage of the Acala Token project is the fact that the network has complete interoperability within the Polkadot ecosystem Developers and users can leverage DOT-based assets and derivatives in a streamlined manner without delay They can also leverage Polkadot's interoperability bridges to utilize cross-chain assets from Bitcoin The Acal Token was built from day one to provide a high level of Ethereum interoperability Users can leverage the best aspects of the Ethereum network including programming languages and popular tools such as the MetaMask wallet By enabling firms to leverage these assets they can improve development times and include more features Another major draw for the Acala Token users is the ability to secure passive returns The DeFi sector provides users with a host of new earning opportunities Low-risk passive income generation tools such as staking continue to be on the top of traders' lists The Acala Token is a stable token that enables anyone to secure returns based on the size of the stake Staking is the ideal feature for new users because it enables them to secure consistent returns you don’t have to give up your primary asset to secure these profits which allows you to add them to your stake and improve your returns next round The Acala Token (ACA) network combines built-in liquidity generation features and ready-made financial applications to streamline developer actions The network functions as a vital liquidity hub for the entire Polkadot ecosystem it leverages the full security of the Polkadot to ensure validity At the core of the Acala Token protocol is a permissionless exchange This trustless protocol enables you to trade your favorite assets in a peer-to-peer manner efficiently The protocol provides users with low fees and additional options to drive ROIs One of the core aspects of the Acal Token system is the Acala Dollar (aUSD) This Polkadot-native decentralized stablecoin derives value from DOT via an on-chain reserve This approach is ideal because it provides the highest level of transparency to users Anyone can verify the solvency of the project using a basic blockchain explorer This method of creating a stablecoin is preferred because it keeps all actions on-chain That reduces the overhead and security associated with utilizing assets such as gold or fiat currency Both of those assets require expensive storage and frequent auditing The Acala Dollar operates as a trustless alternative Users can take advantage of LDOT liquidity staking when they participate in the Acala network Liquidity staking requires you to provide liquidity to a large pool you receive returns based on your participation This feature is simple to use and enables anyone regardless of their technical understanding to earn returns The ACA token operates as the main utility token for the protocol Users need to hold this token to stake or participate in other network features It's also used to pay gas costs by Dapp developers ACA is a versatile digital asset that may be used to send value internationally or store value locally Acala Token (ACA) is available for purchase on the following exchanges: Kraken – Founded in 2011 Kraken is one of the most trusted names in the industry with over 9,000,000 users and over $207 billion in quarterly trading volume The exchange offers trading access to over 190 countries including Australia While Kraken accepts residents of the United States (Excluding New York & Washington state) Binance – Accepts Australia Use Discount Code: EE59L0QP for 10% cashback on all trading fees The Acala Token network demonstrates how far the Polkadot ecosystem has come The protocol now includes a host of Parachains and other subnetworks All of these protocols were built to interact and provide DOT users with more earning opportunities Considering the vital role the Acala Token plays in the network it’s safe to assume the protocol has a bright future ahead Buy Acala Token | Buy ACA in 4 Steps (May 2025) David Hamilton is a full-time journalist and a long-time bitcoinist. He specializes in writing articles on the blockchain. His articles have been published in multiple bitcoin publications including Bitcoinlightning.com Investing In Polkadot (DOT) – Everything You Need to Know Investing In Render Token (RENDER) – Everything You Need to Know Investing in Hedera Hashgraph (HBAR) – Everything You Need to Know Investing In Helium (HNT) – Everything You Need to Know Investing In Solana (SOL) – Everything You Need to Know Investing In Avalanche (AVAX) – Everything You Need to Know Advertiser Disclosure: Securities.io is committed to rigorous editorial standards to provide our readers with accurate reviews and ratings. We may receive compensation when you click on links to products we reviewed. ESMA: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Investment advice disclaimer: The information contained on this website is provided for educational purposes, and does not constitute investment advice. Trading Risk Disclaimer: There is a very high degree of risk involved in trading securities. Trading in any type of financial product including forex, CFDs, stocks, and cryptocurrencies. This risk is higher with Cryptocurrencies due to markets being decentralized and non-regulated. You should be aware that you may lose a significant portion of your portfolio. Securities.io is not a registered broker, analyst, or investment advisor. It provides backend infrastructure for traditional finance including tools like a universal asset hub Acala's blockchain supports continuous upgrades and is EVM-compatible allowing developers to leverage existing code and skills The platform is powered by the ACA utility token a collaboration by two Polkadot development groups The Foundation aimed to create decentralized financial markets across blockchains connected by Polkadot's Relay Chain the network was designed as a community-owned and operated foundational financial layer based on Polkadot's Substrate framework Acala has focused on financial applications but is also working on interoperability initiatives and opening development capabilities to broaden its ecosystem and reach The Web3 Foundation awarded Acala a development grant to begin building in 2019 The Web3 Foundation awards grants to projects that develop open-source decentralized applications (dApps) that plug into and contribute to the Polkadot ecosystem and decentralized exchange would be the foundation of DeFi activity within the Polkadot ecosystem Acala has generated some extra funding and secured a few private investment rounds The Web3 Foundation awarded two additional grants to Acala after their initial 2019 award Crypto investment firms Polychain Capital and Pantera Capital respectively led Acala's Seed and Series A fundraising rounds These private rounds raised over $8 million from 20 investment groups by August 2020 The Acala Network is scheduled to launch on Polkadot in 2021 Polkadot-based decentralized finance (DeFi) platform Acala’s native stablecoin plummeting 99% after hackers exploited a bug in a newly deployed liquidity pool to mint 1.28 billion tokens Read more: Acala, VCs Commit $250M for Polkadot DeFi Investments UPDATE (Aug. 15, 07:41 UTC): Adds clarifying information throughout. UPDATE (Aug. 15, 13:10 UTC): Adds details about the community proposal in the seventh bullet. UPDATE (Aug. 15, 13:10 UTC): Adds estimate of damage from Twitter user @alice_und_bob. On the news team at CoinDesk, Cheyenne focuses on crypto regulation and crime. Cheyenne is originally from Houston, Texas. She studied political science at Tulane University in Louisiana. In December 2021, she graduated from CUNY's Craig Newmark Graduate School of Journalism, where she focused on business and economics reporting. She has no significant crypto holdings. The hottest debut at the Monaco Yacht Show is usually a very big boat Helter-skelter panes of structural glass glinting across Port Hercule extravagant wonders hidden in ultra-private depths – an underwater room Superyacht superfans trail round to the long snapping Instagram pics while security guards peek sleepily from beneath their sunglasses This year, however, the phrase echoed at press conferences and cocktail parties, as people discussed their favourite yachts, was “Actually, Acala” “Actually” because this Cantiere delle Marche (CdM) is a relatively modest 43 metres and lay sandwiched inconspicuously between two other yachts in the main drag of the show But anyone who’s been on board will tell you she’s something rather special: a true explorer on a discreet scale with a layout that is ruthlessly logical and utterly unconventional and a low-key interior design of superlative natural beauty If the usual Monaco grand dame is a proliferation of great design Acala’s sundeck is a scaled-down version of the deck on the owners’ larger Lürssen. It hosts a range of informal entertaining options and a spa pool (bottom and top right) as well as a formal dining area (top left). Her upper saloon (bottom left) takes the role of the main saloon, with a dining table. Informal outside seating and full-height windows add to the feeling of space The owner had already built a 31-metre Darwin 102 explorer with CdM. “He still had the 78-metre [at the time] and he wanted to have a family boat to go diving just with a close number of friends,” says Buonpensiere. “It was what I call a purpose boat.” Having got a taste for cruising this way, he sold the bigger yacht and commissioned CdM to build the 499GT boat that would become Acala. It makes sense: what’s the point of visiting exotic destinations if your yacht’s so big, you can’t get anywhere near the coast? Hamui may be an unfamiliar name among Europeans, but as Buonpensiere puts it, “the great majority of [Mexican] clients I meet, they’ve [done] at least one office or the house with him”. An industrial designer by training, Hamui studied in New York in the 1980s, before returning home to Mexico to start his business there. In the early days, his carpenter worked out of a tiny shack in Mexico City; now, he has about 200 people working for him, with in-house metal and stone shops, although wood remains the “core material we work with,” Hamui says – and the one that defines Acala’s interior. Running through every facet of the yacht’s design, inside and out, was the owners’ crystal-clear vision. “They were very keen and very, very careful, with tremendous experience of how boats live and operate and what they should encompass and what they should not,” he says. “The owner is a real explorer. He sails all the boats, including ours, in places that nobody else will go to,” says Buonpensiere. “He has spent time in Papua New Guinea, places like that.” The engine room is also a model of pragmatism, with ample space to access machinery, a control room (not standard on a yacht this size) and access down to a tunnel – of standing height – that runs the length of the hull, letting crew get easily to stabilisers and piping, as well as store luggage. The upper saloon is where the owners really spend their time, whether it’s gathering around the television (bottom left) or around the dining table (top). Wide passageways add to the impression of size (below right) There’s also a nitrox compressor in the engine room, an important bit of kit for an important space that lies aft: the beach club dive store. Like the nitrox, the skylights overhead hint that this area is anything but an afterthought. There’s every bit of kit imaginable, as well as a neat row of dive cylinders hanging on the wall reminiscent of, as Buonpensiere puts it, “an art installation”. Up on the main deck, the owners’ clear vision of how they would use the yacht is again in evidence. “They decided, okay let’s get everything out and make our ideal boat with everything we want, and how we feel it has to be done,” says Hamui. The “everything” that was going out included a traditional main saloon. Instead, here lies a small, snug room with desks for video editing to starboard and a cosy round of sofas to port. A muted, natural palette based around wood, including ash, oak and eucalyptus, is enhanced by tactile details, such as soft leather inserts and pulls on custom-designed furniture by Simón Hamui’s studio A deck up, you have a sundeck, which the owner specced as a scaled-down version of the sundeck on his Lürssen, with a spa pool, dining, bar and sliding glass windbreaker. Sofas are upholstered in cashmere, rugs are hand-woven alpaca, while most of the furniture is designed by Hamui’s studio and built in Mexico or Italy. “Most cabinets have leather inserts in different nuances: beige, orange, grey, powder blue,” says Hamui. Corners are curved, finishes are matte, colours are muted, lighting indirect. It’s soft, calm and very cool. Of particular interest is the felt substitute material, interspersed with wooden strips, that runs longitudinally on overheads. It gives a cocoon-like feeling, “but also it is highly absorbent, so it makes the inside very quiet,” says Hamui. “I’m always very careful with acoustics on my interiors, because they do play an important role in how you live in the space.” On the main deck, the owner requested that the modest master suite (top left), including a walk-in wardrobe-cum-bathroom (top right), be almost indistinguishable from the three guest cabins (bottom). There are two more guest cabins on the deck below Crew have not been forgotten either. Freeing up main deck space for cabins allows for a massive crew mess and huge cabins, alongside a large galley on the lower deck, with good-sized pantries on both the main and upper decks, and a dumbwaiter that reaches all the way to the sundeck. “All of that was very, very intricate for a small boat,” says Hamui. The equation seems to be working well for the yard. The popularity of the design, which was meant to be a one-off, means it plans to develop a 40-metre version with Bozzo. This will still pack on some great spaces, but with 80GT less volume. It’s a logical step: Acala may have the wisdom of many larger yachts poured into her, but a central plank of that is you have to know what you need, in order to know what you don’t. First published in the January 2023 issue of BOAT International. Get this magazine sent straight to your door, or subscribe and never miss an issue. A dumb waiter reaches up to the sundeck for easy entertaining The main tender is stored forward on the upper deckWide passageways can act as balconies with the addition of a coffee table and chairs The glass bottom of the pool forms skylights for the dive store below Freeing up main deck space for guest cabins allows for a large crew mess and cabins lower down The mid-sized explorer yacht market is booming. Here are three of the most interesting new series launches GOGA37m, Benetti, 2022Designers: Stefano Righini, Pierluigi Ausonio HEEUS44.2m, Bering Yachts, 2022Designers: Bering Yachts, Sabdes Yacht This flagship of Turkish yard Bering Yachts is the first in a line of compact Bering 145 explorers capable of high-latitude cruising thanks to features such as an ice belt. She has a cruising range in excess of 5,000 nautical miles at 12 knots, as well as efficient hybrid propulsion. There’s a 25-square-metre garage for storing tenders and toys, plus a main deck owners’ cabin with huge windows. OCEANIC 14343.45m, Canados, 2022Designers: Arrabito Naval Architects, Michela Reverberi The first superyacht-scale hull in Canados’s Oceanic line, this yacht is designed to balance explorer capability with speed: she offers a 6,000-nautical-mile range at 8.5 knots, with a top speed of 23 knots. The yacht’s twin-stepped hull has been designed to reduce friction and improve stability in rough seas. The Oceanic series ranges right down to an entry-level 23.7m Oceanic 76 model. Acala quickly put the network in maintenance mode and oracle price feeds to keep the stolen funds from leaving the parachain We have identified the issue as a misconfiguration of the iBTC/aUSD liquidity pool (which went live earlier today) that resulted in error mints of a significant amount of aUSD1/ — Acala (@AcalaNetwork) August 14, 2022 On Sunday, Polkadot’s decentralized finance hub, Acala Network suffered a severe exploit that saw its native stablecoin aUSD collapse from its targeted $1 peg to effectively zero “We have identified the issue as a misconfiguration of the iBTC/aUSD liquidity pool (which went live earlier today) that resulted in error mints of a significant amount of aUSD,” Acala said yesterday on Twitter leaving the hacker stranded with around 1.27 billion worthless aUSD tokens on the network The on-chain data also revealed that several other users mimicked the original hacker and exploited the bug for themselves, minting between 80 million to 25,000 aUSD each and stealing thousands of dollars from the liquidity pool. The total sum of the stolen funds is estimated to be less than $10 million not counting the value lost in aUSD’s depeg Acala Network is an Ethereum-compatible Polkadot parachain—a modular and customizable independent chain built atop the Polkadot Relay Chain—that has self-branded as a specialized decentralized finance hub for Web3 Its ecosystem is centered around the MakerDAO-inspired In March, Acala teamed up with Polkadot parachains to launch a $250 million ecosystem fund to support builders driving demand for aUSD which saw the stablecoin collapse to virtually zero has raised serious concerns about the parachain’s path forward in the community. with few updates from the project concerning its next steps the author of this piece owned ETH and several other cryptocurrencies Don’t have an account? Already have an account? ' + scriptOptions._localizedStrings.webview_notification_text + ' " + scriptOptions._localizedStrings.redirect_overlay_title + " " + scriptOptions._localizedStrings.redirect_overlay_text + " Sign-up to the latest news from Australian Women’s Weekly Disclaimer: By joining, you agree to our Privacy Policy & Terms of Use An Australian brand has just taken home a very prestigious – and very regal – award in London. Leanne Savage, who is the founder of ethical luxury brand Acala Stem received the highest Gold accolade for the Duchess of York: The Unsung Hero prize at the Women Changing The World Awards Acala Stem was recognised for its unique ethical practices in luxury market as well as their use of highly-sustainable lotus silk The award is presented by Sarah ‘Fergie’ Ferguson Duchess of York and aims to champion the work of incredible women It’s particularly aimed at women making a positive difference in the world across business The Duchess’ prize seeks to “elevate connect and support women in their journey as changemakers The Duchess of York Special Award wasn’t the only prize Leanne claimed on the night the founder also snapped up Gold for Woman in Sustainability and Gold for Humanitarian Impact for her work Leanne was also recognised for her commitment to humanitarianism and ethical fashion supply chains which are the pillars of her brand Acala Stem The brand has a unique supply chain which allows seamstresses to work from their villages with flexible hours The aim of this is to allow the seamstresses time to spend with their children and avoid the coercive conditions often associated with factory work “After my experience as a teacher in Cambodia I couldn’t believe the conditions that are put on women and the impossible choices they’re faced with regarding employment in developing countries,” said Leanne “There is a dire lack of opportunity for steady employment in rural provinces so it’s our responsibility to create those opportunities “My vision is to motivate and inspire other women of all ages and nations to reach their goals and know their dreams are possible “I want to see an increase in the endangered art of loom weaving and a reduction in mass produced textiles More loom weaving means more employment in rural regions and less in factories with slavery and coercion.” The incredible news comes just months after another Australian won another prestigious royal award from Prince William. Maddison O’Gradey-Lee, who co-founded the Orygen Global Youth Mental Health Advocacy Fellowship, won the Diana Award in April The 26-year-old was flown to London along with a handful of other recipients from around the world where she was presented with her award and met with Prince William and Prince Harry “He was so lovely and kind to us,” Maddison says explaining that they only had mere moments to chat with the Prince of Wales while accepting the award what I was doing and the journey to get there and then we also discussed just how long it is to travel from Australia to London,” Maddison added Subscribe and be in with the chance of winning $25,000 cash or prize pack exclusive content via our monthly subscriber newsletter EVM+ by Acala provides an entry for Ethereum apps to get access to Polkadot’s multichain network. a new development environment that is compatible with popular Ethereum tools. The update improves the protocol’s compatibility with Ethereum tools. Despite being a Substrate-based parachain on Polkadot Acala already boasts interoperability with the Ethereum Virtual Machine Ethereum is currently the leading smart contract platform but other networks like Polkadot and Cosmos are offering promising solutions to allow for cross-chain interoperability across blockchain networks. the team first launched a module called Acala EVM that enabled Solidity contracts to be deployed on Acala and the Polkadot ecosystem the integration was without compatibility with Ethereum tools at the time Ethereum applications are written in Solidity whereas Polkadot projects use the Substrate software development kit (SDK) The Polkadot-based project has now integrated tools like MetaMask and Waffle to give developers the ability to create the same user experience as on Ethereum The integration will allow DeFi applications to access the Polkadot ecosystem using the popular Ethereum wallet if an Ethereum application launches on Acala its users will be able to switch to the “Acala Market” using MetaMask to access Polkadot. Compatible Ethereum applications will offer a way to send funds to the decentralized exchange AcalaSwap and trade Polkadot-based assets. Similarly developers will be able to test and write EVM contracts on Polkadot through tools Truffle and Waffle The EVM+ upgrade will be live in the coming days. In a blog post announcing the update VP of Growth at Acala Dan Reecer wrote: “This allows EVM-compatible dApp platforms to expand their collateral and product offerings to their existing user base while onboarding hundreds of thousands of new Polkadot-native users.” DeFi staples can expand cross-chain liquidity and use assets such as DOT as collateral beyond the Ethereum ecosystem Substrate-based dApps may be able to acquire thousands of new Ethereum users Though technically different from Ethereum the Polkadot ecosystem allows for modules that can easily connect with other networks users can also link their Ethereum addresses with their Polkadot addresses overcoming the need to manage multiple accounts. Italian shipyard Cantiere delle Marche (CdM) has offered an exclusive first look on board its latest custom explorer yacht Acala Acala was commissioned by an experienced yachtsman and a repeat client of the shipyard who had previously owned a Darwin 102 by the same name as well as a 78 metre Lürssen the owner sold his Lürssen and construction started on Acala which made her debut three years later at the 2022 Monaco Yacht Show “The work on technical specifications has been extremely detailed and it lasted almost 12 months to achieve a double result: to build a 43-metre yacht with the most detailed and comprehensive specs we have ever drawn up and to proceed with no need of major modifications as construction progressed,” said Vasco Buonpensiere “We joke around saying that we have built the smallest 80-metre yacht ever built,” he added Acala's interior palette is calm and muted with a variety of different woods, including aged ash and wire-brushed oak, with Eucalyptus in the master suite and grey Sucupira wood in guest cabins. Sofas are upholstered in cashmere, rugs are hand-woven alpaca and most of the furniture is custom-built. Interior highlights include an "intimate" main saloon and panoramic sky lounge on the upper deck. On Acala, the upper saloon assumes the role of the main saloon with seating forward, a large dining table and full-height doors that open fully to create a single indoor-outdoor entertaining space. Full-height doors can also be found to port and starboard. On deck is a large cockpit and swimming pool; up above is a partially shaded sundeck with a second pool and dining area served by a dumbwaiter. Freeing up main deck space for cabins allows for a large crew mess and crew cabins, with the galley positioned on the lower deck and two pantries on both the main and upper decks. Instead of opting for a beach club with a water-level lounge, the beach club on Acala is a practical dive store with cylinders, wetsuits and a nitrox compressor found in the engine room. The glass-bottomed pool on the main deck doubles as a skylight here. The main tender is stored forward on the upper deck while the lazarette provides a large storage area. Acala is powered by twin Caterpillar C32 Acert engines with an expedition-worthy range of 8,000 nautical miles at a speed of 9.5 knots. Read the full story behind the build of Acala in the January 2023 issue of BOAT International. Acala Network is an Ethereum-compatible Polkadot parachain aspiring to become an all-in-one DeFi hub for Web3 Its ecosystem is centered around the Acala Dollar (aUSD) stablecoin and hosts an array of financial applications including a built-in decentralized exchange and a liquid staking service for native tokens of Proof-of-Stake based chains Ethereum-compatible DeFi-optimized platform natively interoperable with the entire Polkadot ecosystem To understand Acala’s value proposition it’s worth highlighting that the project inherits most of its advantages over other Layer 1 protocols by virtue of being built on Polkadot using Substrate The Polkadot network can be described as a scalable multi-chain ecosystem with a so-called bedrock “Relay Chain” at its center Where most other Layer 1 blockchains are designed with varying degrees of generality concerning potential applications the Polkadot Relay Chain has no inherent application functionality at all it is an uncomplicated chain that serves as the foundational security layer for a network of interconnected In other words, the Polkadot Relay Chain can be thought of as a Layer 0 framework that hosts and connects an expanding, parallelized network of either generalized or application-specific Layer 1 blockchains called parachains These are modular and easily customizable independent blockchains that can have unique architectures This is where Acala’s moat lies—it’s a scalable high-throughput parachain that supports forkless upgradability and custom optimizations While there are hundreds of DeFi applications on dozens of different Layer 1 chains they’re all theoretically limited in their capabilities because they are hosted on generalized chains decentralized application developers must adapt to the constraints of their particular environments If they’re building DeFi apps on Ethereum there are certain things that their protocols will and won’t be able to do because of how Ethereum is designed Instead of the applications adapting to the constraints of fixed Acala can adapt to the needs of the applications by continually evolve to become more application-specific Acala’s Chief Growth Officer Dan Reecer sat down with Crypto Briefing to discuss the project and he explained how the network is geared toward DeFi “Because Acala is built with Substrate we’ve been able to build a chain that is optimized for decentralized finance One of many things that this allows us to do is that users can pay fees on Acala in any token supported by the native Another unique thing is the on-chain transaction scheduling This allows us to build native rails for automatic and recurring payments supporting subscription services liquidation mechanisms not reliant on external keepers The “Substrate” Reecer refers to is a framework developed by the company behind Polkadot Developers can use it to build their blockchains and then use pre-built plug-and-play modules called “pallets” to add custom functionalities on top Substrate pallets allow certain applications such as decentralized exchanges or price oracles to be built directly into the blockchain rather than on top of it making them significantly more flexible and efficient The Acala ecosystem is built around a decentralized, Maker-inspired crypto-collateralized stablecoin called Acala Dollar (aUSD) It’s built using the Honzon stablecoin protocol that leverages several custom modules or Substrate pallets to manage multiple aspects of the protocol including the supply and demand balancing and the risk management mechanisms users need to deposit collateral and open a Collateralized Debt Position (CDP) using accepted reserve assets which can be cross-chain by nature and include Polkadot The market value of the crypto collateral must always exceed the value of the aUSD loan and it cannot be removed until the loan is repaid to the protocol in full The mechanics of the Acala stablecoin protocol are almost entirely based on Maker’s DAI and aUSD itself is somewhat unique because it is a cross-chain interoperable asset meaning it can be used across the entire Polkadot parachain ecosystem without relying on cross-chain bridges or needing to be wrapped Commenting on the important role aUSD plays in the Polkadot ecosystem “There’s a huge opportunity for Acala to be the first in providing a fully decentralized crypto-backed stablecoin native to the Polkadot ecosystem We opted for this model because algorithmic stablecoins are still largely an experiment while collateralized ones are a proven model.” Another in-house DeFi application that has been built into the Acala parachain is the decentralized exchange AcalaSwap automated market maker-based decentralized exchange instead of being built as a smart contract protocol on top of the blockchain it is built into the blockchain as a Substrate pallet and the ability to pay transaction fees on Acala with any token supported on the exchange The last feature is especially important because it considerably lowers the barrier to entry to decentralized finance Instead of being required to own Acala’s native token ACA (a risk-on volatile asset) to pay for transaction fees aUSD and pay for transaction fees with a stablecoin the aUSD can automatically be swapped for ACA via AcalaSwap and then paid to the so-called collators responsible for validating transactions on Polkadot parachains. because Acala is natively interoperable with the entire Polkadot ecosystem users can use the AcalaSwap exchange to swap native assets from other blockchains without bridging or wrapping them Reecer said that the exchange would likely play a central role within the ecosystem “There’s going to be a ton of liquidity on Acala because of the decentralized exchange and the liquid DOT staking protocol So when someone’s building a decentralized application on the EVM+ they can tap into the liquidity of AcalaSwap and have composability with any other decentralized application within the EVM environment there It’s completely open in that regard.” Acala has also built another protocol called Homa that focuses on offering liquid DOT staking and cross-chain liquid staking protocol integrated into the Acala blockchain as a Substrate pallet It’s designed to solve the widespread illiquidity of staked assets It lets users stake native tokens of Proof-of-Stake-based chains in exchange for liquid tokens representing the principle staked asset plus the continuously accruing staking yield users could stake DOT in exchange for transferable yield-bearing L-DOT tokens then use the L-DOT tokens as collateral for aUSD loans or elsewhere in DeFi on Polkadot. As Acala is a stablecoin-focused ecosystem creating demand for aUSD both inside and outside the Polkadot universe is key to its success the project has launched a grants program that focuses on DeFi development that benefits the Acala ecosystem The idea is to spawn a thriving ecosystem with all the necessary DeFi primitives “Current wants to be able to offer a high-yield savings account where dollars flow out of bank accounts into DeFi on Acala and then that yield is liquidated and sent back to Current and distributed to customers in a Web2 application,” he explained Acala’s most compelling value proposition might be its ability to upgrade without any forks. This is a complete game-changer Generalized blockchains that try to do everything on a single chain are fundamentally constrained by their design choices and force application developers to churn inelegant workarounds instead of building specialized solutions “Imagine Aave or Uniswap being able to tell the core developers what they need from the Ethereum blockchain—and then actually get it,” Reecer said we have a full wishlist from our app developers and the capability to upgrade the chain to accommodate them.” The rate of acceleration and potential for improvement that this feature provides is unparalleled the author of this feature owned ETH and several other cryptocurrencies Welcome to ##CURRENT_LICENSE##. Some products and services listed on this website are not available to ##CURRENT_COUNTRY## clients. Please redirect to ##BY_COUNTRY_LICENSE## if you are a ##CURRENT_COUNTRY## resident The products and services listed on this website are not available to ##CURRENT_COUNTRY## residents Home News and Analysis All News Acala token price prediction: Is it all over for ACA Edited by Charlie Mellor Acala Token launched earlier this year with the intention of becoming an economic hub on the Polkadot (DOT) blockchain But its utility cryptocurrency ACA has faced recent difficulty after an exploit saw 2.9 billion AUSD, the platform’s stablecoin, erroneously minted After dropping to its all-time low on 7 September the cryptocurrency has made some gains and was up 28% over the past week Acala is a decentralised finance (DeFi) ecosystem that was built on the Polkadot blockchain The platform brings together a variety of different products for users as it hopes to become the go-to “economic hub” on Polkadot Investors can trade tokens on Acala Swap, become liquidity providers, and gain “high-interest” annual percentage yield (APY) rewards on their cryptocurrencies The ecosystem revolves around its Acala Dollar (AUSD) stablecoin which has recently depegged from $1 and was trading at $0.74 as of 14 September Investors can access decentralised loans with AUSD The New Zealand-based co-founders Bette Chan and Ruitao Su were both previously involved on the Luminar Polkadot product a trading platform for synthetic assets and margins ACA is the native token that is used throughout the Acala ecosystem which the team describes as “Bring Your Own Gas” This lets users pay for their transaction fees in the cryptocurrency of their choosing ACA is also utilised by developers to deploy new “substrate pallets” essentially allowing users to build on the ecosystem developers must stake the token to access this Another utility for ACA is in the governance of the platform. Its website said: ACA went live on 25 January 2022 with an opening price of $3.10 and was immediately thrust into the bearish crypto market The cryptocurrency closed the month six days later at $1.47 ACA saw a slight resurgence in February as the platform launched its AUSD stablecoin In a Medium post Acala said: “The goal of AUSD is to be the most useful form of decentralised stable currency in the Polkadot ecosystem and means of exchange among all users and developers.” ACA climbed to a peak of $1.95 on 10 February But it then plummeted to a low of $0.82 two weeks later on 24 February The cryptocurrency’s next surge came in April. Acala had integrated the Talisman wallet and the Wormhole interoperability protocol that month ACA was fluctuating around the $1.90 mark in early April it was unable to maintain this value and soon continued its downward trajectory This was exacerbated by the unpegging of the AUSD stablecoin Hackers exploited a vulnerability in a new liquidity pool and minted 1.2 billion AUSD tokens on 14 August The stablecoin dropped to its all-time low of $0.009 the following day obtain most of the lost tokens and burn the “erroneously minted AUSD” But the stablecoin has yet to return to its $1 peg A community governance referendum has been proposed and passed 1,292,860,248 total erroneously minted aUSD will be returned to the honzon protocol and will be burned.Details in thread below: ACA similarly suffered following the AUSD depegging and acala token stooped to its all-time low of $0.17 on 7 September It has recovered slightly since then and as of 14 September 2022 it was trading at $0.23 At the time of writing, Coin Codex’s ACA price prediction outlined a bearish sentiment Its fear and greed index displayed fear with 14 technical indicators signalling “sell” and nine bullish signals Its short-term acala token price prediction for 2022 suggested it could have dropped by 13% to $0.20 on 13 October Meanwhile, DigitalCoinPrice anticipated steady gains for ACA and it expected it could have averaged $0.32 this year Its acala token price prediction for 2025 suggested it could have achieved and average price of $0.99 that it predicted the cryptocurrency could have risen to $3.32 in 2030 Similarly, PricePrediction said it could have reached $0.38 this year and it suggested larger long-term gains were possible Its acala token price prediction for 2030 said it could have gone on to a maximum price of $8.19 The ACA crypto price prediction from TechNewsLeader also had high expectations It suggested it could have reached a maximum price of $0.66 in a year and $1.96 in five years’ time The site’s ACA coin price prediction for 2030 said it could have reached $8.56 it’s important to keep in mind that cryptocurrency markets remain extremely volatile making it difficult to accurately predict what a coin or token’s price will be in a few hours and even harder to give long-term estimates analysts and algorithm-based forecasters can and do get their predictions wrong If you are considering investing in cryptocurrency tokens we recommend that you always do your own research and expert opinion before making any investment decision Keep in mind that past performance is no guarantee of future returns And never trade with money that you cannot afford to lose Acala is a DeFi ecosystem hoping to become an economic hub on the Polkadot blockchain it suffered an exploit in August 2022 that saw its stablecoin unpeg and its utility ACA token plummet it is important to do your own research on a coin or token to determine if it is a good fit for your investment portfolio Whether the ACA token is a suitable investment for you depends on your risk tolerance and how much you intend to invest And never invest money that you cannot afford to lose Coin Codex suggested it would have fallen by 13% this month whereas TechNewsLeader said it could have eventually climbed above $8 Whether acala is a suitable investment for you depends on your risk tolerance and how much you intend to invest Acala has lost 92% of its value since it launched on 25 January 2022 Whether you should invest in ACA is a question that you will have to answer for yourself you will need to conduct your own research and never invest more money than you can afford to lose because prices can go down as well as up Join the 720,000+ traders worldwide that chose to trade with Capital.com CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage 85.24% of retail investor accounts lose money when trading CFDs with this provider You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money Capital Com Online Investments Ltd is a limited liability company with company number 209236B Capital Com Online Investments Ltd is a Company registered in the Commonwealth of The Bahamas and authorised by the Securities Commission of The Bahamas with license number SIA-F245 The Company’s registered office is at #3 Bayside Executive Park The owner is a "very experienced British client" who has previously owned multiple production yachts "Deep Blue 141 maintains intact her sistership's soul (Acala), while adding some specific requests from the client, proving [the series] to be a perfectly customizable platform,” added Bozzo. While full details are yet to be disclosed, her standout features include a range of 7,500 nautical miles which are "a testament to her capabilities for global exploration". The layout will take inspiration from Acala but still reflect the owner's own preferences and lifestyle. “We didn’t become the world leaders in the construction of explorer yachts by chance or by a stroke of luck," said Vasco Buonpensiere, co-founder and CEO of CDM. "We stand tall, our successes a testament to the exceptional heights we have reached, and with the ingrained quality – in both design and construction – of each new explorer yacht we build, we carve a legacy in the yachting industry." Powered by twin Caterpillar C32 engines, she will reach a top speed of 15.3 knots. 2022 Another depeg: Acala trace report reveals 3B aUSD erroneously minted As the dust settles on another decentralized finance exploit Acala continues to trace erroneously minted tokens after a misconfiguration in a newly launched liquidity pool High-profile security incidents continue to be a theme in 2022 with the Acala network joining a long list of stricken platforms to fall prey to exploits The Acala USD (aUSD) token, which acts as a native stablecoin for the Polkadot and Kusama blockchains, saw its value plummet 99% after a misconfiguration of the iBTC/aUSD liquidity pool was exploited after its launch on Sunday Initial estimates from Acala noted that 1.2 billion aUSD was minted without the necessary collateral seeing the token’s value depeg from its 1:1 peg with the U.S Acala put its network in maintenance mode to freeze funds and eventually managed to recoup a significant portion of the uncollateralized tokens The Acala community proposed and voted on a referendum to identify and destroy the erroneously minted tokens to return its dollar peg to parity at $1 1,288,561,129 aUSD minted on 16 different accounts was returned to the network’s Honzon protocol to be burned Another 4,299,119 erroneously minted aUSD remaining in the iBTC/aUSD reward pool was also destroyed While the cryptocurrency community considers whether the Acala Network took the right decision to essentially freeze its network the stablecoin was able to be repegged in a short turnaround with the community playing its role in the chosen path to undo the exploit 1/ We’re aware of the issue concerning the aUSD depeg Interlay is following Acala's investigation into this issue and also looking to see if and in what manner iBTC and user's funds are affected Interlay, a service that allows users to wrap Bitcoin (BTC) to iBTC and then use it across decentralized finance platforms as the iBTC/aUSD pool was chiefly affected by the exploit Cointelegraph reached out to Interlay to ascertain the details of the incident and lessons to be taken forward the theory is that the misconfiguration in the iBTC/aUSD pool allowed an attacker to mint an erroneous amount of aUSD This then led to fears that the attacker would buy iBTC with the illicit aUSD tokens and convert that to BTC — which would have nullified Acala’s ability to recoup the tokens and restore its peg Interlay co-founder Alexei Zamyatin told Cointelegraph that the attack did not compromise the protocol despite having direct exposure to the affected liquidity pools: The company’s incident trace report is being constantly updated to provide more information regarding the 16 addresses that received erroneously minted rewards 2nd batch trace results + summary below. A total 3.022B aUSD error mints were claimed by 16 addresses. Acala referendum #21 burned ~1.292B. 1.682B aUSD error mints in iBTC/aUSD LP tokens, obtained after the incident happened, remain on 16 Acala addresses. https://t.co/8MTBinhrVP According to the update, more than 3 billion aUSD was minted and claimed by the 17 flagged liquidity provider addresses. Following the Acala community referendum, some 1.29 billion was burned while another 1.6 billion aUSD minted in error remains on these 16 addresses on the Acala parachain. last updated 3yr agoCoinMarketCap takes a deep dive into one of the Polkadot parachains Acala — an smart contract platform optimized for DeFi applications and compatible with Ethereum Blockchain development is never straightforward From maintaining synchrony between nodes to actually developing apps that people use on a blockchain programmers have a tough time ahead of them Blockchain is the future of financial services worldwide and new projects are jumping on the bandwagon One of the most significant barriers to entry into developing for blockchain is funding With billions of dollars entering the space it’s no wonder more people want a piece of the pie but starting a decentralized network from scratch is still as tedious as ever Decentralized finance may be bringing value to the blockchain community but creating DeFi products is still not as simple as they need to be Ethereum has maintained its position as the second most valuable blockchain by market capitalization for a few years now and it was only in the last year that a competing network has put the veteran smart-contract blockchain on its toes Polkadot’s rise to the top-five cryptocurrency platforms was unprecedented but reasonable It was created by British software developer Gavin Wood a co-founder of Ethereum who invented the Solidity programming language and the Ethereum Virtual Machine Wood saw the need for an alternative to Ethereum that could scale solve the gas fee problem and enable the flow of assets across blockchains Imagine if every person that wanted to cross the Atlantic Ocean needed to build a plane This was the state of blockchain development before Polkadot It isn’t the only project making progress in this domain but it’s undoubtedly the most accessible and could even change the way we think about blockchains as a whole Polkadot is a blockchain network that allows not just tokens but also arbitrary information to be transferred across it which only allows DApps to create tokens within the bounds set by the parent chain Polkadot allows developers to create their own parallel blockchains or “parachains.” While they might seem like sidechains to the uninformed Instead of creating a new set of validators and nodes for each new parachain Polkadot’s relay chain maintains the entire network’s security This lets developers focus directly on development without needing to worry about incentivizing users and validators to secure each new parachain Polkadot users can currently stake DOT tokens for all kinds of rewards While staked validators receive incentives for approving transactions “nominators” can select up to 16 validator candidates to trust their stake with and receive rewards in the process a parachain team must gain a “slot” in the network Polkadot has a limit of approximately 100 parachain slots Each parachain can define its own parameters for attributes like block times Parachains are customized blockchains that are optimized for specific use cases such as DeFi The amount paid to lease a parachain varies based on the auction and requires teams to lock the amount away in DOT tokens These tokens cannot be staked and are returned to the team on the lease’s expiry teams can crowdfund the DOT needed to start the chain significantly lowering the initial capital required to create practically useful blockchain applications The DOT gained in a crowdloan is similarly locked in the Polkadot Relay Chain and never touched by the parachain team The funds are returned to contributors at the end of the lease term (estimated at a maximum two years for Polkadot) Acala defines itself as a high-performance decentralized finance platform built as a Polkadot parachain Founded by members of two Polkadot ecosystem teams Acala brings a slew of decentralized financial services to Polkadot staking liquidity (Liquid DOT (LDOT)) and even an algorithmic stablecoin Acala is both a parachain platform on which other teams can build as well as an application layer providing a suite of applications offering the aforementioned financial products Acala is slowly but surely solving the gas fee inflation and network congestion problems faced by decentralized applications built on Ethereum since the platform used to design Polkadot is capable of parsing any language that compiles to WebAssembly it’s much easier for developers to try their hand at creating an app Ethereum may be the most popular DeFi platform right now but not all developers are willing to learn Solidity and Acala’s open approach to development could be crucial in the long run its engineering team has also deployed a custom-built Acala EVM a novel contribution to the Polkadot ecosystem that gives a seamless developers on Acala get the benefit of the EVM environment without sacrificing the power of Substrate The Acala EVM also brings protocol composability between EVM and Substrate runtime environments giving Acala developers outstanding tooling support Smart contracts deployed within the Acala EVM can directly access both native and cross-chain assets like DOT but even ERC-20 tokens can be made available at the runtime level These can be listed on the DEX or used as gas fee tokens through governance approval Composability is vital to a sustainable development environment because it allows developers to use existing resources as building blocks to create higher-order DApps Acala runs on a fundamentally different model than Ethereum which is more inclusive and beneficial to developers and end-users alike Their goal isn’t to redeploy Ethereum on Polkadot but create an environment conducive to cross-chain innovation and interactions between distributed applications on top of interoperable blockchains Polkadot allows parachains to crowdsource the DOT required to lease a parachain Any network participant can create a crowdloan campaign to compete for a parachain slot and the campaign duration can span across multiple auctions This means teams do not have to restart campaigns after not securing a chain the first time around anyone can participate by sending a transaction to the campaign’s index The DOT used for this transaction must be transferable — i.e. vesting or other governance-related reasons This is because the network eventually transfers the funds to a uniquely generated module-controlled account to reward participants that forgo staking rewards to fund the chain parachain owners upload the chain’s data before asking for funding so participants can verify it This can only be done once during the campaign and is the state that will be deployed as the parachain’s runtime This doesn’t mean the parachain cannot implement changes through runtime upgrades but those will be determined by its local governance protocols The success of a crowdloan campaign is determined by whether or not the team wins the subsequent parachain slot auction Teams will participate in an unpermissioned candle auction using the crowdloan support from their community Parachains that are successful in their parachain slot auction will then be integrated into the Polkadot ecosystem with the DOT locked into the parachain’s account as long as it’s online the DOT is made withdrawable to participants; however it’s important to note that tokens not withdrawn within the stipulated period will go to the Polkadot treasury Acala is more directly focused on optimizing the DeFi situation While Acala’s current focus lies on its own DeFi applications and compatibility with Ethereum once the floodgates to a more open development ecosystem have been opened there may be no turning back for DeFi developers Interoperability is the next frontier for blockchains allowing them to communicate with each other seamlessly make transactions across chains and operate smoothly across multiple decentralized networks It also ensures a more user-friendly experience which is imperative to improving adoption and enabling multi-token transactions across different blockchains Completely decentralized blockchain networks function without any intermediaries or third-party involvement While current models have allowed for rapid development in the blockchain space the lack of interoperability has severely diminished many efforts to create better decentralized applications Blockchain without interoperability will only create disconnected systems that cannot share resources — a key aspect of a sustainable development ecosystem Interoperability lets users from various networks interact without spending resources on translating the information sent or received and less downtime When it comes to developing innovative solutions it’s common for developers to ignore standards in favor of greater creative freedom this can lead to interoperability and communication bottlenecks and one of the biggest challenges for the blockchain industry is setting the different parameters and models for interoperable networks to adopt Polkadot encourages customization among its parachains making each project part of its broader ecosystem new projects need no longer look to incentivize participants to join yet another blockchain network and can instead tap into the resources that have already been set in place by Polkadot Acala and Polkadot are recontextualizing what it means to crowdsource funds to start a blockchain project While thousands of blockchain projects have started up in the last few years the resources used to create each one often could have been better used The internet may have revolutionized communication and information transfer but if every person that wanted to start a website had to build their own internet From the blatant scams faced during the ICO bubble in 2017 to the slightly more reliable IEOs and IDOs that followed crowdfunding a blockchain project is almost a tradition in this space Acala has positioned itself as the DeFi hub on Polkadot testing new and more effective ways of setting up configurable blockchain applications without requiring a lot of capital on hand Unlike other DeFi platforms which have integrated with the current Substrate EVM Acala has built and released a homegrown solution called the Acala EVM — a composable EVM stack on Substrate Instead of simulating nodes using Frontier to replicate Ethereum block production Acala uses a JavaScript SDK to interact with apps by simulating Web3 Providers that wrap around a Polkadot Extension The Acala EVM also tracks around some legacy issues with Ethereum while retaining the benefits of Substrate Acala allows for a customizable economy that is fully upgradeable and provides local cross-chain functionality along with on-chain governance systems These are features that aren’t currently possible on Ethereum making some contracts deployed on Ethereum require code adjustments to ensure compatibility with Acala’s economic models blockchain technology has shown the potential that lies in a decentralized future but unless the space can learn to optimize its use of resources to best support innovation progress will be too slow to keep up with modern needs Decentralized networks aren’t simple and require knowledge in several fields Since blockchains require an alignment of incentives for stakeholders their complexity scales with functionality and security making them optimal for specific use-cases instead of platforms that can do everything This means that having a single standard for all applications is unconducive to a thriving ecosystem of decentralized financial services As Acala and other interoperable projects continue to push the limits of what’s possible with blockchain the industry could be moving into an era of shared resources sustainable innovation and empowered people 4 people liked this article Anupam VarshneyI'm the founder of Octaloop.com It will feature two core products: a liquid staking protocol that will let KSM stakers mint a derivative of their staked KSM and a lending protocol that will enable the creation of a crypto-collateralized stablecoin allows token holders to govern the network and its core applications the Acala Foundation announced it would launch Karura a sister chain to the project's primary network Acala on Kusama once parachain support went live Karura would serve as an experimental version of Acala while being a liquid staking and stablecoin protocol for the Kusama ecosystem The project began its crowdloan in May 2021 and won Kusama's second parachain slot (first auctioned slot It raised more than 500,000 KSM to secure its lease Karura's genesis block arrived on Jun It has since activated its on-chain governance system handing network control from the Acala Foundation to KAR token holders Acala (ACA) is multifaceted in its use-cases within the Acala Network: Acala was founded by Ruitao Su and Bette Chen, who brought together their collective expertise in blockchain, finance, and engineering to develop a DeFi-centric platform in the Polkadot ecosystem.About Acala is launching a new oracle service for the Polkadot ecosystem. The Open Oracle Gateway will provide data for Acala, Karura, Kusama, and various other platforms running on Polkadot. The Gateway is the result of a collaboration between Acala, Laminar, and Band Protocol. The network will aggregate various oracles in one place allowing applications to choose between providers based on their needs users of the Gateway can pull data by trusting all of the providers in the network. which previously ran its own network with various nodes sourcing off-chain data In addition to the increased quantity of operators oracle transactions will now be filed by a process called “Quality of Service,” with oracle transactions treated as high-priority regardless of network congestion level and it will be possible to refund valid feeds. Though oracle providers will initially be checked it’s expected that the Gateway will become more decentralized over time Acala has teased the possibility of adding an “Oracle Council” to handle decision making. Acala is one of several DeFi projects built for the Polkadot ecosystem With the developments in oracle systems and other recent improvements in cross-chain interoperability, it’s clear that Polkadot isn’t ready to let Ethereum claim DeFi for itself just yet. Cantiere delle Marche has announced the launch of their 43m explorer yacht Acala Acala takes full advantage of CdM’s experience and its approach to explorer yacht building Acala has been commissioned by an experienced yachtsman who owned yachts built by shipyards such as Feadship “I am delighted and proud with this milestone launch,” Vasco Buonpensiere CdM’s co-founder and Sales & Marketing Director “The trust this owner confirmed in CdM gives us the highest reason for pride It is a statement of appreciation for both our yachts and ourselves as a team always committed to the owner’s satisfaction The mutual trust established between this client and CdM team has been pivotal to the good result of the whole process that led to the completion of such a complex project.” “The work on technical specifications has been extremely detailed and it lasted almost 12 months to achieve a double result: to build a 43-metre yacht with the most detailed and comprehensive specs we have ever drawn up and to proceed with no need for major modifications as construction progressed,” Vasco Buonpensiere maintains “In the light of this approach and procedures within the team we joke around saying that we have built the smallest 80-metre yacht ever built!” Buonpensiere says. Acala introduces a new collaboration with Horacio Bozzo Design “The aim of our design work is the pleasure of seeing the owner’s desires taking shape and recognizing himself in it,” says Horacio Bozzo yacht designer and naval architect based in Viareggio “Designing an explorer for an experienced owner who grew up around boats and understands yachting perfectly “We started from a white piece of paper and brainstormed a lot with him to fulfil the whole family needs.” Her profile with a raked bow and compact superstructure captures an explorer vessel combining it with the elegance of a luxury yacht Large windows on the main deck whose mullions seem not to join the superstructure are Acala’s profile signature features. Guest areas are spread over three decks plus a sun deck Acala features an organised interior layout that sleeps twelve guests in six suites A large lobby sits in between the main salon and guest night quarters Three large VIP suites and the owner’s suite to the starboard side are flooded by natural light from large windows Two twin cabins are located on the lower deck. The salon on the main deck and a panoramic sky lounge on the upper deck with dining area have been designed and decorated for indoor relaxation and entertainment The cockpit features dining and lounging areas A large and partially shaded sun deck integrated into the profile provides the social hub for Acala’s guests with an al fresco dining sunbathing area alongside a second swimming pool Acala interior design is by Mexican architect Simon Hamui She has a full displacement naval architecture by Sergio Cutolo/Hydro Tec offering large volume (440GT) Engineering has been developed by the yard technical department in collaboration with Hydro Tec Like all explorer yachts built by Cantiere delle Marche she features a steel hull and aluminium superstructure. Acala will have a range of above 5,000 nm at 10 knots and a top speed of 14 knots An expansive lazarette provides a large storage area needed for many cruising necessities The main tender is stored on the upper deck forward Crew quarters and service areas are functional and well-appointed Five cabins are on the lower deck alongside a crew mess opposite a professional galley and the captain has his own cabin on the upper deck next to the wheelhouse. “CdM’s strategy to dedicate one slot per year to fully custom projects proved to be successful and extremely important for the technical growth of the shipyard Building these one-off vessels is a great opportunity for our team to learn something new and to work out of its comfort zone: this is the only key to move forward and improve and that’s why we opted for this strategy,” Ennio Cecchini “Being chosen by experienced owners such as this gentleman who decided to have his second yacht built by us after having owned yachts built by the most reputed Northern European brands is the best possible prove that our commitment technical skills and quality are second to none.” The above graph highlights Cantiere delle Marche's deliveries since 2015 and their average LOA(m) In the seven years between 2015-2021 CdM have on average made two deliveries every year with the projected order book looking to increase this average. Fleet data is one of the foundational pillars of The Superyacht Agency's intelligence, analysis and consultancy offerings. To find out more about The Superyacht Agency's various offerings, click here. Cantiere delle Marche (CDM) Horacio Bozzo Design delivered directly from The Superyacht Group's editors and market analysts Stay at the forefront of the superyacht industry with SuperyachtNewsweek We provide a snapshot of superyacht delivery figures for the next five years using three forecasting models Feadship announces the launch of their new 71m superyacht Juice in Amsterdam The Superyacht Agency takes a closer look at 2021's brokerage performance Cantiere delle Marche announces the launch of their new explorer yacht Uptight The importance of intelligence in forecasting and analysis Please select exactly what you would like to receive from us by ticking the boxes below: Home News and Analysis All News Crypto market wrap: Acala stablecoin collapses Altcoin prices dipped Monday after the Acala stablecoin (ACA) collapsed due to a hack and investors decided to show no mercy for the Celsius Network’s beleaguered token ACA is the native cryptocurrency of the Acala Network, a decentralized finance (DeFi) hub that operates on the Polkado (DOT) blockchain hackers capitalized on a bug in a liquidity pool to mint about 1.3bn ACA ACA – also known as aUSD – nosedived as it lost its peg to the US dollar The Acala Network froze ACA transfers and swaps The network indicated on Twitter that it recovered some of the extra minted coins and proposed to burn them The Acala hack came about two week after hackers drained about $190m from the Nomad Bridge was breached While Acala was attempting to sort out its difficulties the Celsius Network coin (CEL) sank 23% shortly before conventional markets closed in North America (All figures based on CoinMarketCap data.) CEL has experienced extreme volatility since the Celsius Network collapsed, and fellow crypto lender Voyager Digital and hedge fund operator Three Arrows Capital All three companies filed for bankruptcy protection after being hammered by the collapses of the original luna coin and related terraUSD stablecoin But Monday’s crypto price declines were relatively modest as most drop were less than 6%. Chiliz (CHZ) and stepn (GMT) bucked the downward trend by rising 13% and 10% respectively Bitcoin (BTC) returned to the $24,000 range after briefly surpassing $25,000 on the weekend Ether (ETH) the primary coin of the Ethereum blockchain was back trading around $1,900 after getting above $2,000 and reaching a three-month high Ether has gained recently amid hype about Ethereum’s upcoming hard fork ether will be produced through the proof-of-staking (PoS) mechanism rather than the current proof-of-work (PoW) which is more expensive and energy-intensive “The growing confidence in the completion of [Ethereum’s] shift from PoW to PoS is clearly supporting ETH prices,” Bitfinex analysts told Capital.com on Monday The analysts said ETH’s bullish momentum is continuing as investors remain optimistic about the Merge “Bitcoin and the wider digital token economy remains in the green as a mood of summer optimism seemingly engulfs the space,” said the analysts The analysts said a whale crypto wallet on Ethereum has become active again after being dormant for three years behind the wallet transferred 145,000 ETH to multiple wallets in batches of 5,000 ETH and 10,000 ETH after the coin surpassed $2,000 “This move could enable the whale to stake its ETH in order to grow and become a validator on the PoS community and generate passive revenue,” said the Bitfinex analysts we also believe that the move signals support for the Merge.” The crypto sector’s market cap exceeded $1.5trn (£1.24trn) on Monday while trading volume rose above $78bn The gains could be attributed to lower US inflation as well as the investor optimism Current joins forces with one of Polkadot’s key parachains. The fintech company plans to integrate the Polkadot parachain to create what it’s calling “HyFi,” meaning hybrid finance technology Current operates a centralized service that aims to help its customers bank smarter while Acala is part of Polkadot’s fledgling DeFi ecosystem. Current is planning on running its own infrastructure and will join the active validator set on Polkadot The integration is built into Current’s own banking platform which was built to make parts of the traditional finance system more accessible. Trevor Marshall, Current Chief Technology Officer, said of the integration: “We created Current because we could see how money was being re-networked through new technologies Our initiative with Acala allows us to flex this muscle we have been developing for the past six years.” Acala allows users to access apps for trading and other activities associated with the decentralized finance space It’s completely open and permissionless and offers a blockchain secured by Polkadot one of the leading networks of a new iteration of the Internet known as Web3. added that the partnership would lead to further innovation in the future “Current is leading the way at the intersection of modern banking and decentralized finance The integration between Acala and Current is a groundbreaking innovation and we are excited to bring cutting-edge financial solutions to Current’s members This is only the tip of the iceberg of the products we can build to blend traditional fintech and crypto-native products.” Polkadot has enjoyed significant growth this year as the crypto space starts to attract more interest It has a market cap of roughly $38.9 billion today Andrew Acala was honored by the Ceres Rotary Club on Friday as the club's honored "Student of the Month." Andrew is an excellent student academically earning a 4.0 for the first quarter of his eighth grade year He has averaged a perfect 3.83 during his time at Mae Hensley Those grades come in demanding course work including honors science not only does Andrew excel in the classroom a self-motivated learner and a hard worker Andrew's teachers add that he always gives his best efforts MILWAUKEE — A Milwaukee nurse is sharing her story after being attacked by a patient It comes at a time when nurses are already in short supply This nurse came forward in hopes of stopping this abuse from happening to anyone else A new survey from The American College of Emergency Physicians found that more than 8 in 10 emergency physicians believe the rate of violence in emergency rooms has increased Milwaukee registered nurse Joni Acala agrees She says it took more than a month to share with her close friends the attack she endured on Sept "They had the hardest time getting her to let go of my hair and you could see her hitting me," said Acala adding that it took five men to get an irate patient who did not want to leave the emergency room off her "It was like a street brawl that you would see in a movie." She says she was grabbed from behind while walking down the hallway past the patient's room "The patient ended up grabbing me from behind by my hair I was punched in the back of the head several times I would have to get it surgically repaired." She says it all happened in a matter of 45 seconds Acala says it ended with her getting kicked in the jaw "So now I have chronic pain in my left ear every time I chew something that's crunchy." She also has quarter and nickel-sized chunks of her hair missing after the attack "I just wear it up now with a headband because of all the spots You can see it and it makes me self-conscious." Even worse has been the emotional toll it has taken on her She says she sought therapy for the first time after the incident The mother of two does not want us to identify which hospital she works for She is taking time to recover and hopes anyone who learns about what happened to her will stop and listen "There should be more security," said Acala Lawmakers in our state have taken notice and passed a law this year making it a felony to threaten a healthcare worker Acala says right now she does not plan on making any decisions about her own future as a nurse It is a position she has loved for the past nine years She says the patient who attacked her was ordered to go through a treatment program but was never charged Report a typo or error // Submit a news tip Report a typo They were made temporarily unavailable until further notice cross-chain decentralized finance (DeFi) hub based on the Polkadot network comes in the form of iBTC and is compatible with DeFi protocols the full trace begins at the origin of the 16 addresses that indicated they received aUSD mistake mints The trace then records every address transacted with the 16 addresses it has found along with the addresses these 16 addresses have transacted with after that and so on through each consecutive transaction until it reaches parachain addresses and other exits like CEX addresses AUSD error mints and aUSD mistake mint-swapped tokens have been moved to other parachains like Moonbeam or CEX by 83 of the 281 affected addresses Only 8.764M of the 42.482M aUSD error mints on the Acala network are located at individual addresses; the remainder is stored in the DEX module address (1d) The Acala team quickly froze the U.S and it also temporarily halted various features The team noted that it would continue to investigate the cause of the issue and take action to prevent it from happening in the future Although the team might have been trying to protect the network from further damage decentralization supporters were outraged by the actions They noted that the team’s actions could have potentially affected the users Members of the community noted that the team’s actions were hypocritical since it claimed it was trying to prevent censorship if Acala were to control the network’s decisions it would have to go to the governance level to be considered a decentralized finance system proposed to roll back the chain to prevent the mints from happening again said doing so would set a harmful precedent the aUSD Honzon protocol is the source of the vulnerability that led to the issue According to Alexei Zamyatin, exploiters did not hack the CEO and co-founder of Interlay, the company’s iBTC and network. They remain operational and fully functional. In an interview, he said that the incident had not affected the company’s operations The Acala Ecosystem Grant has accepted NUTS Finance’s proposal of “Tree.” It is a synthetic asset protocol that increases asset usability in the growing Polkadot ecosystem, as per an update on September 7 The Acala Ecosystem Grant by Acala–an interoperable DeFi hub on the growing Polkadot ecosystem–aims to build the Karura and Acala ecosystem It shall extend grants to DeFi projects who want to launch on its platform to achieve this goal On the other hand, NUTS Finance is a DAO focusing on building open source financial solutions leveraging the automation of smart contracts NUTS Finance first made their application early this year as they sought to have a clearer picture of the technical requirements needed to deploy their solution on the Parachain Tree purposely optimizes liquidity fragmentation and relies on the Stable Asset system allowing for efficient low-risk trading using pegged assets The Stable Asset System is a pallet by NUTS Finance acknowledging the diversity of the widening ecosystem of Polkadot and the number of assets bridged as more assets are linked to the interoperable blockchain the system becomes more fragmented since the market has to build separate markets for each of these assets The Stable Asset System allows synthetics of assets with stable swaps for a highly efficient exchange liquidity pool and a stable asset—a synthetic asset-backed by a basket of currencies with the same value NUTS Finance’s Tree is deploying the Stable Asset System to Acala’s Mandala test network It is also considering launching on Karura the Stable Swap module will be incorporated into the Acala DEX This module will serve as an alternative liquidity pool It shall tap on the idle assets (liquidity) lying in the Stable Asset basket for efficient swapping of stablecoins including tokenized assets bearing the same value The Stable Asset System is one of three main products by NUTS Finance Others are aCoconut which is a suite enabling easy movement of liquidity between DEXes and the NUTS Platform is a framework to deploy DeFi dApps on Ethereum #PeckShieldAlert Stablecoin $ausd at $0.81 pic.twitter.com/I2OG4phXRg — PeckShieldAlert (@PeckShieldAlert) August 22, 2022 It is worth noting that aUSD first lost its peg on August 13 The team confirmed that the incident resulted from an erroneous configuration in its newly launched iBTC/aUSD liquidity pool that allowed bad actors to mint over 3 billion aUSD in excess — Acala (@AcalaNetwork) August 14, 2022 pausing the Acala parachain and launching a community vote to burn about 1.29 billion aUSD of the excess aUSD in supply that developers had traced to 16 wallets The community swiftly passed the proposal with a 95% vote in favor the move allowed the token to rise over 10,000% in 24 hours edging closer to its peg at above $0.9 The recently passed community governance referendum has now been executed 1,292,860,248 total erroneously minted aUSD have been returned to the honzon protocol and burned — Acala (@AcalaNetwork) August 16, 2022 the community passed a referendum to burn an additional 1.68 billion aUSD minted during the exploit traced to one of the 16 accounts leaving the remaining excess supply in millions This referendum has now been passed and executed on-chain. https://t.co/mkXf4XKWr2 — Acala (@AcalaNetwork) August 21, 2022 While some have praised the Acala team for its swift response others have raised concerns about centralization Some users have noted that despite their belief in the fairness of the actions taken it is worrisome that the development team of a decentralized network can pause the network operations and access user funds through a vote While the Acala team has yet to address these centralization concerns, today, the team has released a blog post updating the community on its progress The team notes that its focus in the coming weeks is to provide trace results for the remaining error mints work to resolve imbalances in affected liquidity pools affected by the excess mints and create a plan for recovery and resumption of operations primarily algorithmic stablecoins that maintain their peg through math and arbitrage incentives have come under increased scrutiny following the Terra debacle in May The de-pegging of Terra USD (UST) led to over $40 billion of investor funds being wiped off the market and is fingered as the catalyst for the subsequent collapse of several crypto lending firms It is worth noting that the Acala Network was the first chain to win a Polkadot Parachain auction the algorithmic stablecoin for DeFi activity an aUSD de-pegging is not expected to affect DOT significantly DisClamier: This content is informational and should not be considered financial advice The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion Readers are encouraged to do thorough research before making any investment decisions The Crypto Basic is not responsible for any financial losses Copyright ©The Crypto Basic Italian yacht builder Cantiere delle Marche (CdM) has delivered its latest explorer yacht, the 31 metre Darwin Class 102 Acala CdM reports the yacht is making her Atlantic crossing bound for a Central American client but will make her public debut during the Fort Lauderdale International Boat Show this November Acala’s experienced owner’s previous yachts were delivered by Northern European yards The hands-on owner closely collaborated with Cantiere delle Marche on Acala so his personality and usage of the yacht is tied into its design from the dive centre in the lazarette that hosts a nitrox compressor to air conditioning in the outdoor living areas The swim platform has been enlarged so Acala can accommodate two sizeable tenders – a six metre custom yacht tender by McMullen and Wing and another nearly five metre tender we say that this is the smallest ever built 60 metres and we say this because of the many solutions that are not normally found on yachts of this size,” said Ennio Cecchini “Just look at the garage: its components and the organisation of space and stowage are enough to understand.” Acala’s owner chose a five cabin layout with the owner’s stateroom set forward Crew accommodations host up to seven crew members The interior is artfully designed by famed South American designer Simon Hamui who had worked with the yacht’s owner previously on some of his houses and offices Hamui has carried forward the ceiling heights and wide open spaces found in the owner’s homes into his new yacht CdM recently debuted its new flagship, Storm, at Cannes and announced it will be building an even larger yacht with the new Nauta Air 108. That’s what the Antigonish County Adult Learning Association is all about The mandate is “to promote and provide quality learning opportunities for adults and families throughout Antigonish town and county by building skills and meeting lifelong learning needs,” she said Subscribe now to access this story and more: Subscribe or sign in to your account to continue your reading experience Create an account or sign in to continue your reading experience It’s a vital asset to residents and the community as a whole “ACALA is crucial because we are a place where people come as a first contact when they want to make a change and it often leads to community involvement There’s always a new reason to upgrade or learn more technology,” MacDonald said ACALA presents many opportunities to learn It’s well known the organization offers high school upgrading and preparing people to get their general educational development (GED) but there are countless other programs as well The Adult Learning Program offers beginner literacy up to Grade 12 Learning soft skills and technology are other options The Essential Skills Program for community empowerment and life helps people with community engagement and learning that is not directly academic-based preparing to enter or re-enter the workforce family programs to teach parents how to bring education into the home Practical learning is a big component as well someone may want to learn a life skill such as doing laundry An ACALA representative could take the individual to a laundromat for hands-on learning “It’s not all about sitting in a classroom There’s very little for us that’s book based It’s about when you are out in the community and when you are surfing the internet Even playing video games (can mean) learning strategy and there are skills to be improved There’s so much easier access now that I don’t think people realize they are learning when they are online,” said MacDonald She added there are between 25 and 40 learners at ACALA at any given time and registration for programs is ongoing a blended version and through brown envelop in which participants pick up hard copies of the program do them at home and bring them back to work with an instructor The biggest thing is to come open to hear from an instructor put a little bit of time into it,” said MacDonald “It never hurts to have a conversation … where do you want to go We take (your) goals and turn that into how can we help you get there.” Reviews and recommendations are unbiased and products are independently selected Postmedia may earn an affiliate commission from purchases made through links on this page The British Virgin Islands is an explorer's dream with more than 60 isles and cays to discover Expert-backed tips and a step-by-step breakdown to ward off these pests We tried it: Filtrete Smart Tower and the Dyson Purifier Hot+Cool Formaldehyde HP09 transmission or republication strictly prohibited This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy Hear from the industry’s best and brightest about the latest news in crypto and blockchain from Australia and around the world with Jonathon Miller Whether you haven’t yet bought your first bitcoin or want to better understand the latest defi token or development in blockchain this show will go behind the scenes with founders experts and industry professionals to explore the technology that powers the future of finance In this episode Jonathon speaks with Dan Reecer from Acala Acala is the decentralized finance network and liquidity hub of Polkadot It’s a smart contract platform that’s scalable and Ethereum-compatible Dan explains the origins of Polkodot and talks us through Acala’s inception and approach to their participation in the forthcoming Polkadot parachain auction Sign up for more Kraken intelligence here. 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