The move follows several fee hikes aiming to improve the dollar peg of Maker’s Dai stablecoin. Decentralized Autonomous Organization (DAO) MakerDAO (Maker) has upped its demands to increase one of its network fees, this time to 7.5 percent, the company confirmed in a blog post on March 18. Maker, which issues USD-pegged stablecoin Dai (DAI), […]
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Over 80 percent of the total supply of Ethereum’s native token ETH is held by 7,572 addresses, a new report claims. Over 80 percent of the total circulating supply of Ethereum (ETH) is held by 7,572 addresses, claims a report released by digital asset research company Delphi Digital on March 7. More precisely, the data […]
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Decentralized Autonomous Organization MakerDao will raise the DAI stability fee by 2% to 3.5%, according to the results of a recent vote. Users of blockchain organization MakerDao (Maker) have voted to raise the so-called stability fee for Maker’s Dai (DAI) stablecoin to 3.5 percent, according to the results of a recent poll, completed on March […]
Continue ReadingThe plans, which would continue a practice begun in February, aim to shore up the exchange rate of USD-pegged Dai. Decentralized Autonomous Organization (DAO) MakerDao (Maker) will let users vote on whether or not to raise a fee used within its Dai (DAI) stablecoin, the organization confirmed in a blog post on Mar. 4. Dai, […]
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Forthcoming Ethereum hardware hackathon ETHDenver is partnering with UNICEF on a bounty token to incentivize developers to create projects which promote social good. Upcoming Ethereum (ETH) hardware hackathon ETHDenver is partnering with UNICEF on a blockchain bounty token system, according to a press release shared with Cointelegraph Jan. 31. The token aims to incentivize developers […]
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Basis’ CEO has confirmed the stablecoin is shutting down due to regulatory concerns over its “secondary token” implementation. The United States-based stablecoin project Basis has officially confirmed that it will close operations and refund investors in comments to Bloomberg today, Dec. 13. According to Basis’ CEO Nader Al-Naji, the decision to close the project was […]
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U.S. blockchain security and crypto wallet firm BitGo announced the development of ERC-20 token Wrapped Bitcoin, which will be fully backed 1:1 with bitcoins U.S. crypto wallet and blockchain security firm BitGo has announced the development of an Ethereum (ETH)-based coin backed 1:1 with Bitcoin (BTC), according to an official blog post Friday, Oct. 26. […]
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We know that stablecoins are backed by something. It’s time to learn how they are backed. Stablecoins have been making the headlines in recent months, attracting big investors, tempted by the allure of a on ‘non-volatile’ cryptocurrency. At first, we usually pay attention to the backing connection, in other words, to the coin’s stabilizing mechanism. […]
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PwC will provide tech expertise to decentralized lending platform Cred in the launch of their USD-backed stablecoin. “Big four” audit giant PricewaterhouseCoopers (PwC) has partnered with decentralized lending platform Cred to provide tech expertise in the launch of their USD-backed stablecoin, the company announced on Monday, October 8. In the announcement, the professional services firm […]
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Andreessen Horowitz via its investment fund a16z has acquired 6 percent of the total MakerDAO token supply. American venture capital fund Andreessen Horowitz has invested $15 million into blockchain startup MakerDAO (MKR), according to an announcement published September 24. MakerDAO is the firm which stands behind Ethereum-based stablecoin Dai (DAI) and its accompanying decentralized credit […]
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