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“One billion Dai in circulation is a huge milestone and a powerful validation that people around the world want more access, more transparency and more opportunity to maximize their economic potential,” Rune Christensen, MakerDAO’s founder, told CryptoX through a spokesperson.Supply actually increased by $30 million at one point today, the
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While tether (USDT), with a market cap surpassing $16 billion, continues to hold the lion’s share of stablecoins in circulation, two smaller rivals are trouncing it in crypto’s hottest market this year, decentralized finance (DeFi). Measured by the total value locked in six of the most popular DeFi protocols – Compound,
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MakerDAO has voted not to compensate victims of the “Black Thursday” flash crash, a former Pantera partner is launching a new crypto-focused hedge fund and bitcoin may be headed to the doldrums as the U.S. dollar rises.Top shelfDecentralized governanceMakerDAO will not compensate victims of March 12’s “Black Thursday” flash crash that left
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Users of crypto exchange Binance can now stake dai and kava as the exchange’s decentralized finance (DeFi) staking platform goes live. Binance’s DeFi staking program was first announced Wednesday with dai, the stablecoin generated by loans on MakerDAO. The Binance initiative aims to tap into this year’s booming DeFi market by
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CryptoLocally, a next-generation peer-to-peer (P2P) trading platform, has recently announced the support for Ethereum-based tokens. With this announcement,
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U.S. crypto exchange Coinbase is now offering a way for users in six countries holding Dai to earn up to 2% back from rewards.According to a July 29 post on the Coinbase blog, Dai (DAI) holders in the United States, U.K., Netherlands, Spain, France, and Australia are now eligible to
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Bitcoin’s performance the past 24 hours is flat as the world’s oldest cryptocurrency loses ground from Tuesday’s jump to over $9,400. Bitcoin (BTC) trading around $9,378 as of 20:00 UTC (4 p.m. EDT). Gaining 0.05% over the previous 24 hours.Bitcoin’s 24-hour range: $9,276-$9,389BTC above 10-day and 50-day moving average, a bullish
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In the last 24-hours, $38 million of Dai were traded for Ethereum on decentralized exchanges and Coinbase. Moreover, a massive spike in Dai trading volume confirmed this pattern, suggesting that investors are bracing for further drops.A whopping ~$38M of $Dai traded for $ETH in the past 24hrs (v slightly above
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Coinbase's merchant payments arm has added support for the dai stablecoin, bringing together online retail and decentralized finance (DeFi). MakerDAO announced Thursday Coinbase Commerce had integrated dai as a payment method, opening the cryptocurrency up to affiliated online merchants and online commerce platforms like Shopify and WooCommerce. The integration
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Coinbase Commerce, a platform that supports cryptocurrency payments for internet retailers, has added MakerDAO’s DAI stablecoin as a supported payment method this week. This integration will let merchants around the world accept the USD-pegged stablecoin as payment for goods and services without Coinbase Commerce taking any extra fees.Merchants can add
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