MAKER

Major correction for DeFi as Bitcoin rejected again above $40K: What’s next?

The decentralized finance or DeFi market saw a steep correction over the last 12 hours as Bitcoin (BTC) was unable to break the $41,000 level. Meanwhile, analysts say that the profits from major DeFi tokens are flowing back into Bitcoin, even though the DeFi market is still lagging behind despite BTC’s recovery over the past …

Major correction for DeFi as Bitcoin rejected again above $40K: What’s next? Read More »

Multiple Tokens See Rally Amid Looming ‘Alt Season’

As prices for bitcoin and ether retreat from their recent highs, the strong performance of other cryptocurrencies indicate traders and investors may now be turning to alternative coins (altcoins) for potential high returns. Data compiled by CoinDesk Research shows that as of Jan. 11, prices for both bitcoin and ether were about 87% and 78%, …

Multiple Tokens See Rally Amid Looming ‘Alt Season’ Read More »

Maker’s MKR Token Surges to 2-Year High on DeFi Growth

Prices for MKR, an Ethereum-based governance token, surged to their highest levels in more than two years on Wednesday. MKR was trading at $1,068.53 as of press time, up 44% in the past 24 hours. However, it was trading at $1,251.14 earlier in the day, close to its Jan. 21, 2018, record of $1,798.70. Analysts …

Maker’s MKR Token Surges to 2-Year High on DeFi Growth Read More »

Terra Protocol (LUNA) rallies 66% after DeFi and stablecoin launch

Throughout 2020 a handful of new stablecoins launched and many analysts have suggested that stablecoin growth is the backbone of the crypto sector and partially responsible for the current Bitcoin rally. For many traders, stablecoins provide a safe place to shelter during volatile periods in Bitcoin and altcoins but there are other ways to interact …

Terra Protocol (LUNA) rallies 66% after DeFi and stablecoin launch Read More »

Exploits and Flash Loans Are Just the Beginning, Defi Economy Is Less Private Than People Think

<div class=”featured_image_container”> </div> <div class=”td-a-rec td-a-rec-id-content_top “><a data-bid=”1″ href=”https://news.bitcoin.com/linkout/422919″ rel=”nofollow noopener noreferrer” target=”_blank”><img loading=”lazy” src=”https://scoreit.online/wp-content/uploads/2020/11/1456×360-7.jpg” alt width=”728″ height=”180″></a></div><span><strong>Decentralized finance otherwise known as defi has climbed significantly in value this year, as the total value locked (TVL) in defi today is over $14 billion. Meanwhile, numerous defi platforms are getting attacked with flash loans and there …

Exploits and Flash Loans Are Just the Beginning, Defi Economy Is Less Private Than People Think Read More »

Uncollaterized Power: A Makerdao Governance Vote Was Swayed by a Defi Flash Loan

<div class=”featured_image_container”> </div> <div class=”td-a-rec td-a-rec-id-content_top “><a data-bid=”1″ href=”https://news.bitcoin.com/linkout/387399″ rel=”nofollow noopener noreferrer” target=”_blank”><img loading=”lazy” src=”https://scoreit.online/wp-content/uploads/2020/11/wb_728x180-3.jpg” alt width=”728″ height=”180″></a></div><strong>The Makerdao and the stablecoin DAI has been a popular project in the decentralized finance (defi) space and it’s also had its share of problems. This week the project called Bprotocol leveraged a defi flash loan in order …

Uncollaterized Power: A Makerdao Governance Vote Was Swayed by a Defi Flash Loan Read More »

DeFi tokens are oversold but revenue and TVL show traders expect a bounce

Over the last month the crypto market has seen a significant amount of volatility as a 6-month altcoin bull market abruptly came to an end with the most recent Bitcoin (BTC) price rejection at $12,000. At the same time, the DeFi sector saw an amazing run as the total value locked in DeFi platforms surged …

DeFi tokens are oversold but revenue and TVL show traders expect a bounce Read More »

Makerdao Vote to Not Compensate Black Thursday Victims Receives Harsh Criticism

Large Makerdao holders decided not to compensate the victims that were liquidated during the unexpected flash crash that took place on March 12, otherwise known as ‘Black Thursday.’ An aggregate total of 38 votes was cast and more than 65% of the governance portal participants voted for zero compensation. The day after March 12, otherwise …

Makerdao Vote to Not Compensate Black Thursday Victims Receives Harsh Criticism Read More »

Over 15% of ETH Supply Locked in Smart Contracts, BTC Dominance Declining

The rapid growth of decentralized finance (defi) protocols is contributing to the increasing proportion of ETH supply that is now locked in smart contracts. More than 15% of the total ETH supply is now locked, compared to 11.5% from a year ago. This growth led to the inevitable decline of BTC dominance. According to a …

Over 15% of ETH Supply Locked in Smart Contracts, BTC Dominance Declining Read More »

Ross Ulbricht Uses Snail Mail to Send Correction for Blog Post on MakerDAO

Ross Ulbricht, the founder of SilkRoad, has issued a short follow-up to his essay on MakerDAO (MKR) and how it could be redesigned and improved. The follow-up amounts to a small correction to an assumption he made earlier about the Maker system. In his essay, he was puzzled that the DAI Savings Rate, a reward …

Ross Ulbricht Uses Snail Mail to Send Correction for Blog Post on MakerDAO Read More »