Tag: dai

Jan 25 2023

DAI, USDC and USDT deposits and withdrawals available on the Polygon Network!

Jan 25 2023 Published at Kraken Blog under tags  announcements dai matic products usdc

We’re thrilled to announce that Kraken now supports deposits and withdrawals of Dai (DAI), USD Coin (USDC) and Tether (USDT) on the Polygon Network! Polygon is a Layer 2 scaling solution for Ethereum that aims to improve the speed and reduce the costs and complexities… The post DAI, USDC and USDT deposits and...

Jan 21 2023

5 Top Stable Coins To Add To Your Portfolio This Week

Jan 21 2023 Published at Coingape under tags  dai news stablecoin news stable coins tether

Many investors are being saved by stablecoins from the almost inevitable volatility of the...

Jan 13 2023

French Investment Bank Société Générale Withdraws $7 Million From MakerDAO

French Investment Bank Société Générale has minted a loan worth $7 million from MakerDAO, marking an important milestone that bridges TradFi and DeFi.

Dec 06 2022

The Hideaways (HDWY) Favored Over Dai (DAI) And Cosmos (ATOM)

Dai (DAI) and Cosmos (ATOM) do not offer high-standard security like The Hideaways (HDWY).

Nov 01 2022

MakerDAO Co-founder Dies At 29 In Puerto Rico

Nov 01 2022 Published at Coinscreed under tags  cryptocurrencies dai news stablecoins

MakerDAO co-founder dies at 29 in Puerto Rico. Mushegian was an important figure in the crypto community, contributing to multiple projects, such as MakerDAO, BitShares and Balancer. The local newspaper El Nuevo Día stated that Mushegian drowned after being pulled by water currents to the Condado beach in San Juan. By the time his body […] The post...

Oct 06 2022

MakerDao (DAI) Community Chooses Sygnum For $500 Million Diversification Plan

Summary: MakerDAO will tap digital bank Sygnum for its diversification effort. This comes after the community voted to deploy excess funds and non-yield- bearing assets from Maker's treasury into external investment vehicles. Majority of the Maker community opted for a $500 million allocation with an 80-20 split between U.S. short-term Treasury bonds and investment-grade (IG) corporate bonds. Sygnum will collaborate with BlackRock Switzerland to...

Sep 21 2022

Could the New House Stablecoin Bill Kill FRAX and DAI?

The legislation comes in response to the May collapse of the algorithmically- backed TerraUSD stablecoin. U.S. Proposes Stablecoin Regulation House lawmakers are taking a step toward regulating stablecoins. A new bill...

Aug 30 2022

Given the Sanctions on Tornado Cash, Is Ethereum Censorship Resistant? – Ep. 390

Andrew Hinkes, partner at K&L Gates and adjunct professor at NYU, and Martin Koeppelman, cofounder of Gnosis, talk about the sanctions on Tornado Cash, how they will impact Ethereum on the base layer, and the likelihood of having two chains. Show highlights: the legal meaning of the OFAC sanctions on Tornado Cash and why it is causing complications how legislation is built for...

Aug 15 2022

MakerDAO Set To Convert USDC Funds To ETH, Is This A Good Idea?

Aug 15 2022 Published at Bitcoinist.com under tags  btc dai ethereum ethusdt makerdao

The crypto community has been on alert since the crash of LUNA, ETH, and USDT. Investors depend on stablecoins to hedge against price volatility in the crypto market. These stablecoins are pegged to USD, meaning each coin is worth the same as 1 USD. So, for instance, holding 1USDT or USDC is the same as having 1USD. Stablecoins don't fluctuate in price like...

Aug 11 2022

Rune Christensen Suggests Selling off $3.5 Billion in USDC Reserves

Aug 11 2022 Published at Coinscreed under tags  cryptocurrencies dai eth ethereum news news

Vitalik Buterin, who is bullish on Ethereum, branded the suggestion made by Rune Christensen a "bad idea." Recently, Rune Christensen, a co-founder of MakerDAO, suggested eliminating all USDC from the DAI stablecoin's peg- stability module. He advised that the $3.5 billion of USDC contained inside be utilized to purchase ETH instead. Even though such a transfer […] The post...

Jul 26 2022

Total Stablecoin Supply Down By $35 Billion – Arcane Research

Summary: Stablecoin supply dropped by the end of the second quarter of 2022. Arcane Research data showed that the total supply was about $151 billion by Q2 of this year. The figure revealed an 18.8% drop over the last quarter, worth around $35 billion. It's so far the largest supply drop in stablecoin history, per the report. Arcane's data also showed that Circle's...

Jul 11 2022

Celsius Continues Paying Off Its Debts, Sends 20M USDC to DeFi Protocol Aave

Celsius (CEL), a struggling cryptocurrency lending platform, has paid off 20 million USDC debt to decentralized finance (DeFi) protocol Aave (AAVE). Recall that Celsius paused withdrawals last month to protect itself from potential bankruptcy stemming from the broader cryptocurrency downturn and the drastic increase in user withdrawals.

Jul 05 2022

In a First-of-Its-Kind Move, DeFi Protocol Maker Is Bringing a Traditional Bank Into Its Ecosystem

The MakerDAO community is voting on a proposal to add a 100 million DAI debt ceiling participation facility of Huntingdon Valley Bank (HVB) as a vault. So far, the majority have voted in favor of the addition. MakerDAO has also voted to invest $500 million in DAI into U.S. treasuries and corporate bonds. The MakerDAO community is voting on its first proposal that...

Jul 04 2022

Argentina Saw 3x More Stablecoin Buys As Traders Hedge Against Rising Inflation

Argentina's stablecoin buying volume surges as traders fear peso crash amid economic downturn.

Jun 30 2022

The Chopping Block: Here’s What Was So Bad About Three Arrows Capital – Ep. 368

Jun 30 2022 Published at Unchained Podcast under tags  2022 3ac contagion dai defi

Welcome to The Chopping Block! Crypto insiders Haseeb Qureshi, Tom Schmidt, and Tarun Chitra chop it up about the latest news in the digital asset industry. In this episode, Taylor Monahan, matriarch of Metamask, joins the show to discuss the contagion of major crypto firms, the bear market, SBF saving crypto, and much more! Show topics: The importance of UX and security How...

Jun 29 2022

MakerDAO Voting on $500M Investment Plan for US Treasuries and Bonds

The community is voting on MIP65, which will decide where $500 million in funds will be allocated. The options are safe investment strategies like U.S. Treasury bills and bonds. The community will vote to decide whether to invest the $500 million entirely in U.S. treasuries or 80% into treasuries and 20% into corporate bonds. MakerDAO has announced that it will set out a...

Jun 28 2022

Celsius Says Report On CEO Alex Mashinsky Fleeing The US Is False

All claims that Celsius Network's CEO attempted to leave the country have been refuted by the company. This news came after reports that CEO Alex Mashinsky may have been detained by law enforcement as he attempted to flee the country. Celsius Denies CEO Fleeing Allegations According to the company, struggling cryptocurrency lending startup Celsius is doing everything they can to restore operations alongside...

Jun 16 2022

Celsius Liquidity Woes Make MakerDAO Disable a Direct Deposit Module

The MakerDAO community has voted to disable the Aave DAI Direct Deposit Module (D3M). Analysts are pointing to the fact that a lot of DAI lent on Aave was borrowed by Celsius Network, which was collateralized by stETH. Celsius Network’s troubles are piling up and beginning to affect other projects. The MakerDAO community has voted to disable the Aave DAI Direct Deposit Module...

Jun 10 2022

Launching margin trading for eight stablecoin pairs

Jun 10 2022 Published at Kraken Blog under tags  announcements dai | kraken news usdc usdt

We’re thrilled to announce that Kraken now supports new margin pairs for Tether (USDT), USD Coin (USDC) and Dai (DAI)! Trading Margin trading is now available for: Pair base Pair name Available leverage Long position limit Short position limit USDT USDT/GBP 4 200,000 USDT 200,000… The post Launching margin trading for eight stablecoin...

Jun 02 2022

What is DAI? Here’s an alternative Stablecoin to USDT and USDC!

Jun 02 2022 Published at CryptoTicker under tags  altcoin blockchain crypto dai dai stablecoin

While Bitcoin, Ethereum, and many other altcoins take the spotlight of cryptocurrencies, Stablecoins are also worthy assets. Stablecoins are assets whose value pegs to another entity devoid of volatility and very stable. Today, the crypto market possesses more than 30 such assets. Today, one of such highly-rated stablecoin is the DAI token....

Know a good blog/source that is not listed? Contact us or fill the form below to add one: