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The Makerdao and the stablecoin DAI has been a popular project in the decentralized finance (defi) space and it’s also had its share of problems. This week the project called Bprotocol leveraged a defi flash loan in order to sway a Makerdao governance vote. The development team behind the Maker project aims to make it … Read more
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On September 3, 2020, the well known Yearn Finance defi project “paused” the popular ethereum liquidity vault (yETH) service, after locking in a significant $139 million. Yearn’s vault feature launched on Wednesday, and saw $100 million deposited on the first day. The vault hype has also caused the Maker DAO project to make a governance … Read more
The decentralized finance (defi) open-source protocol built on Ethereum, Aave, has surpassed the Maker Dao project in terms of total-value-locked (TVL) this week. The lending and borrowing platform Aave has $1.43 billion locked on Tuesday climbing 7.7% in the last 24-hours. On August 25, the defi project Aave (the Finnish word for ‘ghost’) has seen … Read more
On Monday, software developer Tobias Ruck introduced a new transaction version for the BCH chain called Nimbus in a demonstration video. The introduction is a longer version of the presentation Ruck had shown at the Bitcoin Cash City conference. According to the developer, the transaction version could unleash sophisticated smart contract potential on the BCH … Read more
On August 26, a pharmacy chain in Venezuela called Farmarket revealed it now accepts cryptocurrencies through the payment provider Xpay, a subsidiary of Panda Group. Arley Lozano, Panda Group’s founder, explained how Farmarket’s pharmacy franchise has 22 stores located across the country and machines will allow people to purchase goods and medicine with cryptocurrencies like … Read more
For more than two weeks the dai stablecoin has sat below its $1 peg, and has been trading for roughly $0.97 over the last seven days. This has given concern to the Maker Dao community which has decided to raise the dai stability fee to 11.5% per year. Also read: Exchangewar Lets You Compare Crypto … Read more
Since tether (USDT) bolstered the idea of a working stablecoin over the last few years, there’s been a variety of different types of stable cryptocurrencies that are usually pegged to the U.S. dollar. However, there’s one particular stablecoin that’s been a hot topic of discussion lately called dai, a coin that’s backed by ethereum locked … Read more
At press time, around 85% of the world’s top-30 altcoins lay in the red zone, with premier assets such as Bitcoin Cash (BCH), Stellar (XLM), Bitcoin SV showcasing losses of around 10%, 5% and 6% respectively (over the course of the past 24 hours). However, in the midst of all this chaos, crypto coins such … Read more
Bitcoin core is poised to make its Ethereum debut. An initiative involving several decentralized exchanges (DEXs) as well as crypto-custodians Bitgo will see BTC become WBTC, with the W standing for “wrapped.” When WBTC launches in January 2019, it will enable ethereum-based bitcoin to be traded on DEXs, boosting liquidity and opening the Ethereum ecosystem … Read more
