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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, the auction might not be enough and the … Read more
Blockchain.com now allows retail users to borrow Paxos Standard stablecoin against Bitcoin Go to Source Powered by WPeMatico
BlockFi’s users can now send wire transfers to purchase digital currencies like Bitcoin, Ether and USD Coin Go to Source Powered by WPeMatico
Major cryptocurrency firm BitGo launches its first institutional-focused crypto lending service Go to Source Powered by WPeMatico
In the cryptocurrency economy, the supply of credit through the banking system could disappear, warned Bank of England Deputy Governor Sir Jon Cunliffe. That would be a change with “profound economic consequences,” he added, emphasizing the risks from Facebook’s Libra project and global stablecoins. Also read: SEC Karate-Chops Steven Seagal Over Promoting Cryptocurrency Touted as … Read more
Hours after experiencing a major DDoS attack, Bitfinex announces repayment of another $100 million of the loan facility to Tether Go to Source Powered by WPeMatico
Crypto lending platform Celsius continues to grow its user base, and has doubled its total paid interest since late last year Go to Source Powered by WPeMatico
The Chinese government has taken multiple steps so far to contain the economic fallout from the coronavirus epidemic, including interest rate cuts and financial injections worth billions of yuan. It did it again this week, extending the monetary easing provided by the central bank. With the budget under pressure, however, there are indications that Beijing … Read more
Stakeholders identify some of the pain points for the DeFi industry as the market looks to grow beyond its $1 billion valuation Go to Source Powered by WPeMatico
BlockFi has raised $30 million from an array of investors, including Morgan Creek Digital, Winklevoss Capital and Arrington XRP Capital Go to Source Powered by WPeMatico