Cardano and Dai’s investors have significant investments in these coins. Still, they are not satisfied with the future of the crypto market. Cardano has shown many upward and downward trends sin...
Tag: DAI
Dai (DAI) and Dogecoin (DOGE) Holders Invest in The Hideaways…
Dai and Dogecoin are some of the coins that gained a lot of reputation in the crypto world, but today, many investors are reconsidering their decision because of the bear and bull of the crypto market...
BUSD, DAI make a notable comeback after USDT, but USDC…
One move can make or break positions in the crypto world. Well, what we are implicitly referring to is stablecoins. The battle or rather the race to finish at the top continues to create headlines, ma...
VeChain (VET), Dai (DAI) Show Minor Gains; Snowfallprotocol.io (SNW) set to Go Big
Cryptocurrency presale activities are crowd-funding attempts that help a project developer generate funds to execute their project without being influenced by the price of the token. Presale activitie...
New Study Reveals Best Stablecoin, Why DAI Took The Crown
Decentralized stablecoin DAI, native to Maker protocol, might become a major leader in the sector over the coming years. The digital asset was the most stable of the stablecoin in a period of 9 months...
Defi Token Snowfallprotocol.io (SNW) vs DAI (DAI) and Neutrino USD (USDN) – Why Snowfallprotocol.io Wins.
DAI (DAI), Neutrino USD (USDN), and Snowfallprotocol.io (SNW) are all viable projects within the Defi industry. DAI (DAI) is based on Ethereum and is backed by Ether, while Neutrino (USDN) is pegged t...
MakerDAO’s $500M Investment To Bolster DAI Reserves
MakerDAO has invested $500 million of its reserves in traditional assets to diversify its balance sheet and strengthen the DAI stablecoin backing. Investing In Traditional Assets Decentralized autono...
MakerDAO Votes To Allocate 500M DAI Into US Treasuries, Bonds
Sygnum bank is the lead partner, working with Blackrock The move comes amid longer-term governance decision making process regarding decentralization MakerDAO, the protocol behind the DAI stablecoin, ...
Are U.S. Crypto Regulators Staking Out Territory Via Enforcement Actions?
As regulatory enforcement actions unfold between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), the latter just subtly claimed Ethereum (ETH) and DAI...
Could the New House Stablecoin Bill Kill FRAX and DAI?
Key Takeaways U.S. lawmakers are reportedly drafting a bill to place a two-year ban on certain stablecoins. The House Stablecoin Bill would target “endogenously collateralized stablecoins.” The new bi...
Russian Millionaires Planning To Launch Ruble Stablecoin Following DAI Algorithm
Alexander Lebedev and Sergey Mendeleev came together to launch Ruble-backed stablecoin on Ethereum Blockchain. Alexander Lebedev, the Ex owner of National Standard Bank and Publisher of the United Ki...
Russian Crypto Startup InDeFi to Launch Ruble Stablecoin following DAI Model
InDeFi, a Russian crypto startup founded by the former owner of Russia’s National Standard Bank, Alexander Lebedev, has announced plans to introduce a ruble-pegged stablecoin on the Ethereum blockchai...
MakerDAO Users Can Now Mint DAI For Free
Users of MakerDAO, the organization behind DAI, will now be able to mint the stablecoin for free. This was made possible after an executive vote increased the debt ceiling for its stETH vault to 200 m...
Tornado Cash Still in Use, Witnessed Movement of Stolen 500K DAI
In August, 2022, Office of Foreign Assets Control (OFAC), which comes under the Treasury Department agency, went on to put sanctions on a mixer protocol named Tornado Cash. The decision came in the wa...
Hacker Moves $500K in DAI Through Tornado Cash From DAO Maker Exploit
Peckshield, a prominent blockchain security firm, took to Twitter to bring to light that $500K in stolen funds from the DAO Maker exploit are on the move. PeckShield and CertiK said an Ethereum addres...
500,000 DAI From DAO Maker Exploit Was Sent Through Tornado Cash, Security Analysts Report – Bitcoin News
On September 8, the crypto security and smart contract auditing firm Certik revealed that 500,000 DAI was sent through the Tornado Cash mixing platform after the funds were stolen in August 2021. The ...
MakerDAO Co-founder Proposes “Endgame Plan” to Protect DAI From Attack – crypto.news
Rune Christensen, the co-founder of MakerDAO, has laid out his plan to convert the DAI stablecoin into a free-floating asset if the protocol fails to attain a 75% decentralized collateral level within...
MakerDAO Co-Founder Lays Timeline for Free Floating DAI
A free floating DAI would see MakerDAO’s stablecoin de-peg from the US dollar entirely The plan is part of the protocol’s ambitions to protect itself from regulatory threats Weeks after threatening to...
MakerDAO CEO Proposes “Endgame Plan,” Suggests Free-Floating DAI
MakerDAO co-founder Rune Christensen outlined his vision for the DAI stablecoin, outlining the importance of a free-floating DAI and limited RWA (Real World Asset) exposure. Christensen suggested tur...
MakerDAO’s Christensen Pushes “Endgame Plan” to Save DAI From Attack
Key Takeaways Following the Treasury Department’s move to sanction Tornado Cash earlier this month, MakerDAO co-founder Rune Christensen has proposed an “Endgame Plan” to save DAI fr...
MakerDAO Co-Founder Wants A Free-Floating Dai To Improve Security
The recent sanctioning of Tornado Cash has forced some platforms to take critical decisions to offer more security. Co-Founder of MakerDAO, Rune Christensen, explained to the community about the de-pe...
MakerDAO Opens $100M DAI Loan to Huntingdon Valley Bank
MakerDAO formally approved Huntingdon Valley Bank’s facility in July The move is seen as an effort to diversify MakerDAO’s counterparty risks away from centralized crypto entities MakerDAO has officia...
MakerDAO Collaborates With U.S.-Based Bank, Lends Out 100M DAI
MakerDAO, a smart contract protocol built on the Ethereum network, announced on Tuesday that it is lending out 100 million DAI to the United States-based commercial bank, Huntingdon Valley Bank. The ...
DAI stablecoin holders need to be cautious now- Here’s why
The U.S. Treasury Department imposed sanctions on virtual currency mixer Tornado Cash. Subsequently, Circle, the issuer of the USD Coin (USDC), froze over 75,000 USDC linked to the sanctioned Tornado ...
MakerDAO Founder Calls on DAI to Drop Dollar Peg Amid Tornado Cash Fallout
In the aftermath of the Treasury Department’s stunning decision Monday to ban Ethereum coin mixing tool Tornado Cash, many crypto industry leadwalletsers are reconsidering their exposure to centralize...
MakerDAO founder says it’s ‘almost inevitable’ DAI will abandon USD peg
Rune Christensen, co-founder of MakerDAO, has stated that the DAI stablecoin could exit its USD peg by eliminating all of its USD Coin (USDC) exposure. The DAI stablecoin is currently backed 32% by US...
MakerDAO should ‘seriously consider’ depegging DAI from USD — Founder
MakerDAO founder Rune Christensen has urged members of the decentralized autonomous organization (DAO) to “seriously consider” preparing for the depeg of its Dai (DAI) stablecoin from the United State...
MakerDAO Intends to Depeg DAI from USDC
Announcing through Discord, MakerDAO’s founder Rune Christensen revealed that the DeFi protocol might consider depegging its native token DAI from stablecoin USD Coin (USDC). Christensen pointed out: ...
DAI could lose its peg to the dollar
MakerDAO has decided to eliminate DAI’s exposure to USDC and this could cause it to lose its peg with the dollar. DAI: MakerDAO’s algorithmic stablecoin seriously risks losing its peg with the dollar...
MakerDAO Founder Plans to Sell $3.5Bn USDC Backing For Ethereum, Risks DAI Depeg
MakerDAO co-founder Rune Christensen plans to sell up to $3.5 billion in USDC for Ethereum — a move that could result in its DAI stablecoin losing its dollar peg. DAI is 32% backed by Circle’s USDC st...
MakerDAO Co-Founder Rune Christensen To Sell $3.5bn Usdc Backed For Ethereum Increasing Depegging Risk On Dai
Ethereum co-founder Vatalik Buterin criticized Rune Christensen’s plan of converting MakerDAO’s $3.5 billion into ETH. Rune Christensen, the co-founder of MakerDAO, is planning to sell $3....
Ethereum Founder Kicks MakerDAO Proposal to Use Ethereum As Major DAI Collateral
– Advertisement – Ethereum founder Vitalik Buterin says using ETH as the main collateral for DAI is a terrible idea. With MakerDAO’s founder, Rune Christensen proposing that its stableco...