MakerDAO Risk Core Unit makes urgent parameter change request in light of recent market events
The proposed change would prevent certain coins that have fallen in value recently from being used as collateral. Go to Source Powered by WPeMatico
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JP Morgan executes first DeFi trade on a public blockchain: Finance Redefined
MakerDAO co-founder’s death opened a new pandora box of conspiracy theories, based on some of his recent tweets. Go to Source Powered by WPeMatico
Stablecoin Blues: $3 Billion Erased From the Dollar-Pegged Token Economy, HUSD Depegs, USDC Supply Drops 10%
Over three billion in value was erased from the stablecoin economy during the past 30 days. The trend occurred despite the number of tethers in circulation rising by 2.2% last month. On Oct. 1, 2022, tether’s market capitalization was approximately $67.95 billion, and it’s risen to $69.36 billion since then. Circle’s usd coin, on the … Read more
MakerDAO co-founder Nikolai Mushegian dies at 29 in Puerto Rico
Mushegian was an important figure in the crypto community, contributing to multiple projects, including MakerDAO, BitShares and Balancer. Go to Source Powered by WPeMatico
Compound pauses 4 tokens to avoid price manipulation: Finance Redefined
The last week of October turned bearish for the DeFi market despite the string of hacks, as the majority of the DeFi protocols registered bullish weekly gains. Go to Source Powered by WPeMatico
MakerDAO community votes to approve custody of $1.6B USDC with Coinbase
The MakerDAO community will earn a 1.5% reward on its USDC while holding funds with Coinbase Prime. Go to Source Powered by WPeMatico
Barely halfway and October already the biggest month in crypto hacks: Finance Redefined
Blockchain analytics firm Chainalysis has labeled October 2022 as “the biggest month in the biggest year ever for hacking activity.” Go to Source Powered by WPeMatico
Transit Swap ‘hacker’ returns lion’s share of $23M in stolen funds: Finance Redefined
Majority of the DeFi tokens in Top-100 traded in red barring a few, thanks to the weekend rout in the market correction towards the end of the week. Go to Source Powered by WPeMatico
MakerDAO goes ahead with $500M investment in treasuries and bonds
$500 million of the funds currently collateralizing the Dai (DAI) stablecoin will be reallocated to U.S. Treasuries and corporate bonds in an effort to provide the protocol low risk additional yield. Go to Source Powered by WPeMatico
Australian regulators rattle their saber as adoption takes a major leap: Law Decoded, Aug. 22-29
ASIC prepares to put crypto and DeFi firmly in its sights. Australia’s Northern Territory Racing Commission is preparing to adopt cryptocurrencies in gambling Go to Source Powered by WPeMatico
