MakerDAO governance token holders voted to accept wBTC as the fourth collateral asset in the Maker DeFi Protocol. MakerDao governance, a decentralized community of MKR token holders that govern the Maker Protocol, has voted to pull Bitcoin onto the Ethereum blockchain by accepting Wrapped Bitcoin as a new collateral asset in the Maker Protocol, according […]
Continue ReadingThe DeFi sector will continue to grow in the future despite the difficulties that the industry has faced since the beginning of 2020, but be careful by choosing whom to trust. Decentralized finance, or DeFi for short, became a buzzword in 2019 following the valuations of MakerDao and Compound after both companies raised sizable rounds […]
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MakerDAO has published a report providing a detailed look at the events surrounding its ‘Black Thursday’ disaster — and how to prevent it from happening again. MakerDao (MKR) has published a new report that attempts to put the events of ‘Black Thursday’ into context — and recommends safeguards to ensure it can never happen again. […]
Continue ReadingThe Incognito privacy project is an interoperable chain that will let you privately use DeFi platforms without ever touching Ethereum itself. Incognito is a new privacy and interoperability project that seeks to anonymize the tokens of every other blockchain. As part of that goal, it is launching private versions of leading Ethereum (ETH) decentralized finance […]
Continue ReadingTron is extending its ecosystem partnership with Samsung Blockchain as a new section featuring some blockchain games will be offered on its mobile devices. The Tron (TRX) project announced on April 27 that apps built on its blockchain will be featured in the Samsung Galaxy Store. Owners of Samsung smartphones in specific countries will see […]
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Recent turbulence has brought traditional tools such as circuit breakers to the forefront of crypto community discussions. Since the inception of Bitcoin, volatility has been a part of the cryptocurrency narrative even before exchanges and the current mainstream mentions. Now that traditional markets are showing volatility further exacerbated than anti-fragile cryptocurrency during the coronavirus pandemic, […]
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Central banks affect decentralized finance, and decentralized finance affects central banks. Which could benefit from this ideological war? Philip Coggan, a British business journalist and news correspondent who writes for The Economist, once mentioned, “Modern money is debt and debt is money.” Few would disagree with this claim. Yes, the vast majority of money circulating […]
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Bitfinex is planning to list its first cross-chain DeFi token pBTC to further push DeFi adoption and liquidity. Major crypto exchange, Bitfinex, continues to drive decentralized finance, or DeFI, adoption by announcing support for a new cross-chain DeFi solution. Bitfinex exchange plans to list pTokens (pBTC) — a new token that aims to unlock cross-chain […]
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MakerDAO founder, Rune Christensen, explained how Maker Foundation will prevent future protocol failures and predicted the merger of DeFi and centralized finance. MakerDAO founder, Rune Christensen, explained the measures taken by the Maker Foundation to prevent future failures in Maker’s protocol and predicted the future merger of DeFi and centralized finance. How to prevent future […]
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Blockchain technology is becoming more and more common in the traditional finance market with stablecoins and CBDCs — could these bring stability for the crypto industry? Stablecoins have become widely popular in the digital currency industry because they don’t have the volatility associated with other cryptos like Bitcoin (BTC) for instance. Despite their popularity, the […]
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