Despite a tumultuous 2020, stablecoins not only managed to stay ahead, but showed considerable growth and industry penetration. From a COVID-induced black swan event to an explosion in DeFi to Bitcoin’s stark price surge, 2020 has been a defining year. Stablecoins, in particular, saw major developments, both in terms of adoption and regulations. Major Stablecoin...Read More
Thanksgiving was an eventful day in terms of the overall market movement, as Bitcoin dropped to $16k levels, witnessing its largest single-day drop since March 12, 2020. Over $1.3 billion was liquidated from exchanges, however, amidst this selloff, DeFi saw its own share of liquidation as DAI prices on Coinbase Pro escalated rapidly, leading to...Read More
Major crypto exchange, Binance, announced that they will be adding DAI and removing EOS from their Peer to Peer (P2P) trading platform. In the announcement, Binance stated that all EOS advertisements should be removed by 4:00 AM on November 27 and all EOS tokens should be transferred from the P2P wallet to the spot wallet....Read More
Klaytn, a blockchain project backed by South Korean Internet giant, Kakao, has announced that Maker Foundation, the organization bootstrapping the Ethereum-based MakerDAO project, has joined the Governance Council of the Klaytn public blockchain. We are excited to announce that #MakerDAO which generates stablecoin, #Dai is joining the #Klaytn Governance Council. Please check out the blog...Read More
When it comes to the DeFi ecosystem at large, there seems to be a lot of eagerness with regard to the growth of Bitcoin’s DeFi space and on those lines, another startup has taken up the expansion of BTC-backed DeFi products. RSK Infrastructure Framework (RIF), a Bitcoin-powered smart contract platform will make MakerDAO’s ERC-20 DAI...Read More
Even though Tether [USDT] had been the popular choice among cryptocurrencies with a large fraction of supply share, other stablecoins have all been witnessing growing prominence. Among these was Dai, created via the Maker Dao stablecoin system and USDC. Although the use of Dai was mainly limited to the Defi ecosystem it has been witnessing...Read More
They say you need to be brave to invest in cryptocurrencies. In a market where price changes over 10 percent and pump and dumps are a common occurrence, a bit of safety shouldn’t go amiss. Yet, there’s a lack of it. Crypto investors are not just dipping their toes into the cryptocurrency markets, they’re taking...Read More
At Coinbase, we want to offer more ways for customers to earn rewards with their crypto. Last year, for example, we began offering stablecoin rewards to US customers for every USD Coin (USDC) held on Coinbase. We also launched Dai on Coinbase Earn, where customers can earn crypto by watching videos and taking quizzes about...Read More
The primary pull of decentralized crypto assets is financial freedom from the flawed banking system. Bitcoin is one step but without greater adoption it is still just a speculative vehicle. DeFi and decentralized protocols based on banking are another and they’re gaining traction fast.Crypto Exchanges too CentralizedMany envisaged 2019 being the year of the DEX....Read More
The future of finance is evolving and Ethereum based DeFi is at the forefront of it. This year has seen explosive growth in decentralized finance despite bearish crypto asset performance. 2020 is set to be even bigger with bold predictions of where DeFi will go next.2020 Could Be Huge for DeFiDecentralized finance has literally exploded...Read More
Coinbase continues to explore its options in the cryptocurrency space. That also includes adding support for digital assets in any way possible. As far as the Coinbase Card is concerned, it has now received DAI stablecoin functionality. A Different Asset for the Coinbase Card It is the first time any stablecoin is supported on this...Read More
2019 has been largely regarded as a year of the bulls after collective bullish sentiment drove major cryptocurrencies to a price hike. Besides the bull run, stablecoins were also a major topic of discussion as the community’s attention were grabbed by the Bitfinex-Tether fiasco and the launch of Facebook’s Libra. Other than the aforementioned virtual...Read More
On August 26, a pharmacy chain in Venezuela called Farmarket revealed it now accepts cryptocurrencies through the payment provider Xpay, a subsidiary of Panda Group. Arley Lozano, Panda Group’s founder, explained how Farmarket’s pharmacy franchise has 22 stores located across the country and machines will allow people to purchase goods and medicine with cryptocurrencies like...Read More
The Takeaway: Monolith turned a $16.9 million ICO into $25 million-worth of assets by riding the bull market of 2017 then taking out DAI loans. This DAI strategy is increasingly common among ethereum-centric startups. MakerDAO and Monolith are now collaborating to connect DeFi loans to a European Visa debit card. Ether fans can spend crypto...Read More
