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. […]
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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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DYdX’s billion-dollar milestone comes amid a challenging period for DeFi, with MakerDAO recently completing its debt auction and dForce suffering a 99.95% loss to hackers. Decentralized finance — of DeFi — lending protocol dYdX has produced more than $1 billion in loans since launching one year ago. The milestone was driven by consecutive monthly all-time […]
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The capitalization of the tokens underpinning DeFi projects has reclaimed $1 billion, while the value of total funds locked up is $703 million. The value of the tokens underpinning decentralized finance, or DeFi, protocols has again surpassed $1 billion. The milestone comes amid a spike in the proliferation of DeFi projects, with data aggregator DeFiMarketCap […]
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London-based crypto payment processor Wirex says it now has over 3 million active users, highlighting the popularity of its crypto-supporting Visa card among customers. London-based crypto payment processor Wirex has revealed that it now has over 3 million active users, highlighting the popularity of its crypto-supporting visa card among customers. Wirex is a company licensed […]
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The eternal battle between the ideology of decentralization and the pragmatism of the real world underpins most of the discussion on the future of MakerDAO. As part of its Black Thursday mitigation efforts, MakerDAO introduced USDC as a form of collateral. While this was an emergency measure, it touched the very sensitive topic of centralized […]
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MakerDAO founder Rune Christensen talks Black Thursday and the foundation’s mysterious radio silence on the matter. As the dust begins to settle over MakerDAO’s Black Thursday incident, the team is now returning to a normal working pace. We took the opportunity to catch up with Rune Christensen, one of the original founders of the protocol, […]
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The Crypto Rating Council brings more regulatory clarity to crypto by analyzing whether certain coins constitute securities. The question of whether certain cryptocurrencies constitute securities is becoming increasingly relevant within the blockchain industry. As such, some core players in the space are upping their efforts to bring more understanding to the issue. The Crypto Rating […]
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Crypto venture fund Paradigm Capital reveals it purchased the majority of MKR tokens from MakerDAO’s debt auction. An auction to recapitalize MakerDAO (MKR) after the mid-March market turmoil successfully concluded on March 28, bringing in over $5 million worth of DAI. Crypto venture fund Paradigm Capital revealed in a March 31 tweet that it won […]
Continue ReadingTron’s founder Justin Sun unveiled a new collateralized lending platform meant to bring DeFi to TRX, though it appears to be an exact clone of MakerDAO. On March 28, Tron (TRX) founder Justin Sun tweeted to announce the release of Djed, a system for collateralized loans he described as “something new.” The platform was immediately […]
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