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Coronavirus Fuels P2P Connectivity: Crypto-Driven Meshnet Gives Rural Towns Internet
2.4.2020
While the coronavirus wreaks havoc on the economy across the U.S., a number of the 1,737 residents from Clatskanie, Oregon can’t obtain an internet service provider (ISP). The situation has motivated the town to adopt a decentralized meshnet ISP called Althea and the network’s users...
Stablecoin Market Caps Swell Over $7 Billion – Volumes Surpass Most Trading Pairs
31.3.2020
While most digital assets have been suffering, stablecoins have been surging since the market downturn in mid-March and tether (USDT) is capturing more than 70% of BTC trades today. Besides tether, a wide range of other dollar-pegged cryptocurrencies have also benefited this month, as the market...
$2 Million of MakerDAO Debt to Be Wiped as Auction Reaches Final Stages
20.3.2020
$2 million of debt is due to be wiped, as the first MakerDAO debt auction reaches its final stages
Devs Debate Using USDC for Collateral After DAI Stablecoin Faces Liquidity Issues
18.3.2020
Since March 12, the Makerdao community has been struggling with the stablecoin DAI which has been over $4 million undercollaterized since the crypto market carnage started. On March 18, the developers plan to auction newly minted maker (MKR) tokens in order to remove the outstanding debt. However...
MakerDAO Adds USDC as DeFi Collateral Following ‘Black Thursday’ Chaos
17.3.2020
MakerDAO has added a third asset to its decentralized finance (DeFi) platform, USD Coin (USDC), in response to the system’s flagship stablecoin, dai, continuing to float above its dollar peg. Passed Tuesday at 2:58 UTC, the Coinbase- and Circle-backed USDC is now available for use as collateral...
Traders Flock to Tether, USDC, PAX – Stablecoins See Great Demand After Crypto Market Havoc
16.3.2020
Stablecoins have seen massive volume and growth this month especially after the market carnage on March 12. Per usual, tether has been the king of stablecoins following the market downturn, but the 4.6 billion USDT wasn’t enough for all the liquidity needed to shield the storm. Other tokens...
ETH Price Strains Defi Collateral Loans as ‘Black Swan’ Event Strikes Makerdao
13.3.2020
The price of ethereum dropping double digits on March 12 sent shockwaves through the decentralized finance (defi) community. Makerdao’s single collateral DAI has been struggling and the low price of ETH has left millions worth of DAI undercollateralized. The defi project’s...
MakerDAO Community to Vote on Upgrades, Conduct Debt Auction
13.3.2020
For the first time, MKR tokens will be minted and auctioned for DAI to repay outstanding debts that failed as a result of the recent crypto market meltdown
DeFi Giant MakerDAO Avoiding Shutdown in the Face of Tanking ETH — For Now
12.3.2020
DeFi giant MakerDAO struggles to keep up with tanking Ether price, but developers are avoiding shutdown for now
DeFi Leader MakerDAO Weighs Emergency Shutdown Following ETH Price Drop
12.3.2020
A large drop in the price of ether (ETH) is testing the feasibility of Ethereum's entire system of lending and borrowing
Understanding Defi Flash Loans: Complex Attacks, Inflation and Composable Systems
23.2.2020
Two recent flash loans on the defi platform Bzx have started a fierce debate about the subject of using uncollateralized loans in a quick trade. Essentially these flash loans are providing people with the ability to borrow crypto without relinquishing any collateral. The scheme was used to exploit...
Coinbase Commerce Integrates Dai Cryptocurrency for Merchant Payments
14.2.2020
This is the first new cryptocurrency added by Coinbase Commerce since it added USDC in May 2019
Defi Market Surpasses $1 Billion – But There’s a Catch
7.2.2020
The total value locked (TVL) in decentralized finance applications has surpassed $1 billion, prompting celebrations from the Ethereum community. Not everyone has been swift to toast the milestone, however, with suggestions that the true value locked into defi protocols is materially lower....
PoolTogether DeFi App Announces $1M Investment After No-Loss Lottery Payout Tops $1K
3.2.2020
PoolTogether is announcing a $1.05 million investment round as it adds a USDC pool to its DeFi-powered "no-loss lottery."
Ethereum’s Value Transfer Is Now Dominated by Stablecoins
31.1.2020
The Ethereum (ETH) blockchain has become home to a number of stablecoins. On January 29, Messari researcher Ryan Watkins explained that the stablecoin value transfer issued on the ETH chain recently flipped the number of native ether transactions. Essentially, Ethereum’s value transfer is...
Most of MakerDAO’s Asset Value Is in Only a Few Addresses
29.1.2020
Though the industry is growing rapidly, a very small portion of addresses hold the majority of assets being locked and borrowed in the DeFi space
New Stablecoins Commence a Fresh Assault on Tether
17.1.2020
Can any stablecoin topple tether? In 2019, the answer to that question was an emphatic ‘No.’ Despite a string of stablecoins being released onto the market, tether (USDT) increased its grip on the cryptoconomy’s fiat supply, racking up $127B of on-chain volume on Ethereum alone....
MakerDAO Pitches DeFi to the Masses at CES 2020
9.1.2020
There's a "digital money" section on the show floor of this year's CES. MakerDAO's DAI is the only crypto with a booth
Stablecoins Are Crypto’s Version of Fractional Reserve Banking
6.1.2020
Stablecoins provide much sought after stability in the volatile crypto markets. They are sometimes even said to affect the price of bitcoin in drastic fashion. Tether (USDT) in particular continues to be widely scrutinized for this, with recent lawsuits about conflicts of interest and price...
Why Nick Szabo Probably Isn’t Satoshi
2.1.2020
Search online for ‘possible creators of Bitcoin’ and Bit Gold creator Nick Szabo will always appear near the top of the list. His long history in the cypherpunk space, his writings on money, digital cash, and smart contracts, and some facts about his past have often been used to create...