Low Turnout Hinders MakerDAO Vote to Decrease Stablecoin Stability Fee by 2%

The vote to decrease stability fee for MakerDAO’s Ethereum blockchain-based decentralized stablecoin DAI has stalled. The vote to decrease stability fee for MakerDAO’s Ethereum blockchain-based decentralized stablecoin Dai has failed, according to the voting results published on May 20. The vote about whether to decrease the fee by 2% to 17.5% per year started yesterday, […]

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Stellar’s Blockchain Briefly Goes Offline, Confirming the Project Lacks Decentralization

The Stellar network went offline for over an hour, raising concerns about decentralization. Recently, blockchain-powered network Stellar stopped confirming transactions for more than one hour, effectively going offline. Although no money was reportedly lost as a result, Stellar’s major issue has now been highlighted publicly: The project is not decentralized, at least not to the […]

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Circle Releases Another Attestation Report on Stablecoin USDC’s USD Reserves

Goldman Sachs-backed crypto finance startup Circle has published the latest third-party audit of its USD-pegged stablecoin USD Coin. Goldman Sachs-backed crypto finance startup Circle has published the latest third-party audit of its USD-pegged stablecoin, USD Coin (USDC). The company reported the update in a blog post published on May 17. USD Coin is an Ethereum-based token compliant with the […]

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