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With the beta launch of crypto and fiat-enabled business accounts, crypto payments platform Wirex has taken a major step toward mainstream business acceptance. Using a cryptocurrency business account will eliminate the need to convert to fiat unnecessarily during inter-company fund transfers, validate crypto businesses in the wider marketplace, and offer some of the benefits traditional … Read more
If you haven’t heard of Maker, it is a token that is part of a stablecoin system composed of both MKR and DAI. Unlike Tether and other stablecoins, Maker does not rely on banks to provide stability, but instead relies on Collateral Debt Positions (CDPs). At the time of writing, a single MKR is worth … Read more
Renowned venture capital firm Andreessen Horowitz has invested $15 million in MakerDAO’s stablecoin, the company recently revealed in a press statement. The VC firm, which is considered one of the most elite in the world, has become increasingly involved in the crypto industry in the past year having set up a $300 million blockchain fund … Read more
Welcome to a new week crammed with new ways of thinking about Bitcoin and its fellow cryptocurrencies. To kick things off, today’s edition of The Daily details three big-hitting topics: Is it time to find a more accurate metric than market cap for measuring cryptocurrencies? Why are venture capital funds so enamored with stablecoins right … Read more
There’s blood in the streets, the water and everywhere else you may care to look today as the cryptocurrency market plunges below $200 billion with a vengeance. We’ve got the reaction from across the web in today’s Bitcoin in Brief, as well as the latest developments from the realm of stablecoins, which have been an … Read more
MakerDAO, creator of the Dai stablecoin, announced its partnership with Tradeshift on July 6. Tradeshift, which provides supply chain payments and markets for more than 1.5 million companies in over 190 countries, will add payments through a decentralized marketplace using the Dai stablecoin to fund real-time small business loans. This partnership could help businesses gain … Read more
MakerDAO is a stability platform comprised of a stablecoin, a governance coin, and a decentralized governance model. Stablecoins are a potential solution to the volatility of cryptocurrencies, allowing for wider adoption. In this interview, Rune Christensen, Founder of MakerDAO, explains how this project attempts stabilization, exploring topics including security audits, liquidity, market manipulation, and the … Read more
Every day, the cryptocurrency space sees new and exciting developments and progress. One particular area that has seen heightened exposure of late is the stablecoin. Stablecoins play an interesting role in decoupling blockchain utility from market volatility, and it’s likely that the niche will serve a vital role in the public adoption of cryptocurrency. Stablecoins, as the name suggests, … Read more
As cryptocurrency works its way toward mass adoption, one of its biggest obstacles is volatility. Markets change overnight, and we’re so desensitized to it that we don’t even blink at dips that would bring national economies to their knees. Stablecoins – cryptocurrencies that are tied to existing currencies or commodities like the US dollar or gold – are fungible, easily … Read more
Stablecoins aren’t exciting. They don’t pump, moon, or 10x. And yet they have the potential to make traders more money than any other cryptocurrency. These stabilized tokens – usually pegged to the US dollar – scarcely move in price, and yet they’re pivotal in anchoring the crypto markets. Here’s everything you should know about the … Read more
