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MakerDAO, on the Significance of Multi-Collateral Dai and Dai Savings Rate
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MakerDAO, on the Significance of Multi-Collateral Dai and Dai Savings Rate

In part two of our interview with Gustave Arentoft, Business Development, Dai Speaker, MakerDAO: he shared with us the significance of the launch of multi-collateral DAI and Dai Savings Rate (DSR), as well as his favourite Dapps which integrates DSR.

Dai Stablecoin Reaches 100 Million in Debt Ceiling – An All-Time-High
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Dai Stablecoin Reaches 100 Million in Debt Ceiling – An All-Time-High

The Dai (DAI) stablecoin reached the protocol’s built-in debt ceiling of 100 million as there has been 100 million Dai tokens minted. The nearly two-year-old stablecoin project had an original debt ceiling of 50 million, which was raised to 100 million in July 2018.

Pickle Finance DeFi Protocol Loses $19.7 Million In DAI Stablecoin in “Massive” Hack
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Pickle Finance DeFi Protocol Loses $19.7 Million In DAI Stablecoin in “Massive” Hack

Pickle Finance becomes the latest DeFi Protocol to suffer from hacking, losing almost $20 million in DAI stablecoin.

MakerDAO May Onboard USDC as DAI Collateral Support to Combat Mounting Liquidity Risk
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MakerDAO May Onboard USDC as DAI Collateral Support to Combat Mounting Liquidity Risk

The share plunge of the cryptocurrency market has severely hit MakerDAO, the leader in the decentralized finance (DeFi) ecosystem. Last week its market value fell sharply from 889M to $246M which brought together Maker’s developer community who have recently discussed adding support for Circle’s USDC as collateral to hedge against the liquidity risk.

Maker’s Dai Stablecoin Could Reach $2 Billion in Market Cap by the End of 2021—Here’s Why
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Maker’s Dai Stablecoin Could Reach $2 Billion in Market Cap by the End of 2021—Here’s Why

Messari boldly suggests that after Dai’s market cap surged by 15x this year, due to DeFi, the stablecoin’s market cap could double by the end of next year

HackerOne User Finds Critical Bug in MakerDAO Upgrade
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HackerOne User Finds Critical Bug in MakerDAO Upgrade

MakerDAO has fixed a critical bug that could have resulted in a complete loss of funds for all Dai users thanks to HackerOne user lucash-dev.

Ethereum-Based Akropolis DeFi Protocol Hacked, More than $2 Million Stablecoins Stolen
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Ethereum-Based Akropolis DeFi Protocol Hacked, More than $2 Million Stablecoins Stolen

The recent hack suffered by Akropolis, an Ethereum-based DeFi protocol, resulted in a loss of more than 2 million DAI ERC-20 tokens.

Top Tips for New Bitcoin Investors
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Top Tips for New Bitcoin Investors

Investing in Bitcoin can be a complex and daunting process for beginners. That's why you should learn tips for investing in Bitcoin. Although you've heard stories of people making money from Bitcoin investments, you should be careful when starting.

Argo Blockchain Increases Daily Bitcoin Production Despite Network Difficulty Spike
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Argo Blockchain Increases Daily Bitcoin Production Despite Network Difficulty Spike

Argo Blockchain increased its daily Bitcoin production to 5.7 BTC per day in February, up from 5.4 BTC per day in January, despite a 10% increase in network difficulty.

Is Cryptocurrency the Answer? Egypt’s Central Bank Limits Daily Cash Withdrawals Amid Coronavirus Crisis
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Is Cryptocurrency the Answer? Egypt’s Central Bank Limits Daily Cash Withdrawals Amid Coronavirus Crisis

Egypt is facing a severe cash crunch as the country is feeling the economic pressure of the coronavirus outbreak. The central bank of Egypt has instructed local banks to begin restricting daily withdrawals and has instructed citizens not to withdraw so much money.

Celsius Repays Compound Finance $10m Worth of DAI
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Celsius Repays Compound Finance $10m Worth of DAI

Crypto lender Celsius Network has repaid interest-yielding DeFi service Compound Finance with $10 million worth of the DAI algorithmic stablecoin, according to a report from Crypto Briefing.

Treasure Tapper Unveils New Daily Reward Feature to Enhance User Experience
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Treasure Tapper Unveils New Daily Reward Feature to Enhance User Experience

Treasure Tapper introduces a new Daily Reward feature, allowing users to claim coins daily and prepare for upcoming game-enhancing upgrades.

Russian Crypto Startup InDeFi to Launch Ruble Stablecoin following DAI Model
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Russian Crypto Startup InDeFi to Launch Ruble Stablecoin following DAI Model

The new stablecoin project has no connection with the Bank of Russia’s digital ruble. The stablecoin will be pegged to ruble fiat currency.

Maker Hits a New All-Time High Close to the $5,000 Mark
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Maker Hits a New All-Time High Close to the $5,000 Mark

Maker has grown nearly eight-fold since the beginning of this year. It hit a record high of $4,995 today, breaking the $4,500 mark in one clean swoop.

How Does MakerDAO Stay Compliant on over 400 Global Partnerships?
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How Does MakerDAO Stay Compliant on over 400 Global Partnerships?

MakerDao has over 400 global partnerships active throughout the world. So how does Maker manage to remain compliant with users in over 120 separate and specifically financially regulated jurisdictions?

Shiba Inu Shibarium Introduces Wrapped BONE and Hosted Blockscout Explorer
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Shiba Inu Shibarium Introduces Wrapped BONE and Hosted Blockscout Explorer

Shibarium has 1 million wallets and near 1 million transactions. It launched a hosted Blockscout explorer and expanded its token bridge to include various tokens. The Wrapped BONE contract has been verified, and Shibarium plans to renounce the Bone contract.

SBI Holdings to Launch Investment Fund for Emerging Companies like Web3, AI, and Metaverse Startups
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SBI Holdings to Launch Investment Fund for Emerging Companies like Web3, AI, and Metaverse Startups

SBI Holdings plans to invest 100 billion yen in startups focusing on Web3, AI, and metaverse, with financial institutions supporting Japan's goal to nurture its startup ecosystem and enhance its Asian startup hub position.

MakerDAO Keeps USDC as Primary Collateral for Dai
dai

MakerDAO Keeps USDC as Primary Collateral for Dai

MakerDAO has voted to keep USDC as the primary collateral for Dai, rejecting a proposal to diversify into GUSD and USDP. The decision was made based on reduced risks from a cascading bank run in the US and USDC's return to a $1 peg.

Bitcoin Ad in Hong Kong Apple Daily Publication Promotes Bitcoin As Beyond Government Control
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Bitcoin Ad in Hong Kong Apple Daily Publication Promotes Bitcoin As Beyond Government Control

In the Hong Kong Apple Daily today, a full-page ad was dedicated to Bitcoin, calling on Hong Kongers to move their wealth beyond the control of “any” government.

Libra Appoints New Chief Compliance Officer, Third C-Suite Executive Appointed with a Strong Compliance Track Record
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Libra Appoints New Chief Compliance Officer, Third C-Suite Executive Appointed with a Strong Compliance Track Record

The Libra Association appointed Sterling Daines as its new Chief Compliance Officer, who is currently the Managing Director and Global Head of Financial Crime Compliance at Credit Suisse. He is expected to leave his position at Credit Suisse and join the Libra Association later this year. Prior to Credit Suisse, he was the Managing Director and Deputy Head of Financial Crime Compliance at Goldman Sachs and has worked as a consultant to the US Department of Justice and the Financial Crimes Enforcement Network (FinCEN).

Ethereum Transactions Hit A Record-High of 1.4 Million
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Ethereum Transactions Hit A Record-High of 1.4 Million

The Ethereum network has reached a notable milestone in its daily transactions after hitting an all-time high of 1,406,016 as availed by Etherscan data on September 17. It broke the previous record of 1.35 million attained on January 4, 2018.

Soundraw: An AI-Powered Music Creator
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Soundraw: An AI-Powered Music Creator

Soundraw is an AI music generator that simplifies creating custom music for projects. It offers a range of genres, moods, and themes. It's used by content creators, game developers, and Artists.

Hyundai Emerges as First Automaker to Roll Out Community-Based NFTs
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Hyundai Emerges as First Automaker to Roll Out Community-Based NFTs

South Korean auto giant Hyundai Motor has entered the non-fungible token (NFT) market after partnering with the ‘Meta Kongz’ NFT brand to enhance its customer community and brand awareness.

Depegging of USDC and DAI Saves Borrowers $100 Million
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Depegging of USDC and DAI Saves Borrowers $100 Million

The depegging of USD Coin (USDC) and Dai (DAI) from the US dollar resulted in more than $2 billion in loan repayments on decentralized lending protocols Aave and Compound, with borrowers saving a total of over $100 million. USDC and DAI started heading back toward their peg, and repayment activity tapered off in the following days.

Argentinians Seek Shelter in Stablecoins after Economy Minister Resignation
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Argentinians Seek Shelter in Stablecoins after Economy Minister Resignation

Argentinians have taken refuge in stablecoins after the nation’s economy minister Martin Guzman resigned over the weekend attributed to the financial crisis crushing the South American country.

MakerDAO Adds Layer-2 Network StarkNet to Address DAI Transaction Costs
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MakerDAO Adds Layer-2 Network StarkNet to Address DAI Transaction Costs

The newly integrated StarkNet, a zero-knowledge proof layer 2 protocol, aims to improve efficiency of DAI stablecoin.

Bunzz Raises $4.5M Seed Round to Expand its Smart Contract Hub for DApp Development
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Bunzz Raises $4.5M Seed Round to Expand its Smart Contract Hub for DApp Development

Bunzz a web3 development platform for decentralized applications, has completed a $4.5M seed round. Investors included gjmp, DG Daiwa Ventures, Coincheck, and Ceres. Funding will be used to help build out Bunzz’s Smart Contract Hub, which is already used by more than 8,000 dApp developers.

South Korean Companies Adopt NFT Strategy to Attract the Younger Generation
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South Korean Companies Adopt NFT Strategy to Attract the Younger Generation

Non-fungible tokens (NFTs) have been endeared in the South Korean market as companies treat NFTs as one of the favourable marketing tools.

Chinese Media Criticizes OKEx for Illegal Advertisements as Bitcoin Surges Above $30K
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Chinese Media Criticizes OKEx for Illegal Advertisements as Bitcoin Surges Above $30K

On June 27th, the Chinese media outlet Beijing Business Daily published an article titled "Bitcoin's Soaring Market Triggers Illegal Speculation Activities, OKX Resorts to 'Indirect' Marketing."

Imperial College London Partners with FluidAI to Address Digital Asset Market Inefficiencies
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Imperial College London Partners with FluidAI to Address Digital Asset Market Inefficiencies

Imperial College London, a top-ranking UK university, has announced a strategic partnership with the fintech startup FluidAI on August 21. The collaboration aims to address and rectify inefficiencies in the digital asset market using advanced artificial intelligence (AI) technologies.

Friend.Tech Boosts Security with CoolWallet on Base Chain
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Friend.Tech Boosts Security with CoolWallet on Base Chain

Friend.tech, a decentralized social network on Base's Ethereum layer-2 chain, has seen rapid growth but also faces security risks from phishing attacks. To address this, CoolWallet has launched a Web3 Guardian competition to promote its Web3 SmartScan feature, which screens transactions for malicious behavior.

MakerDAO Intends to Depeg DAI from USDC
dai

MakerDAO Intends to Depeg DAI from USDC

Announcing through Discord, MakerDAO’s founder Rune Christensen revealed that the DeFi protocol might consider de-pegging its native token DAI from stablecoin USD Coin (USDC).

MakerDAO Implements Emergency Measures Amid Market Volatility
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MakerDAO Implements Emergency Measures Amid Market Volatility

MakerDAO approves an Executive Vote for crucial changes in response to market conditions, aimed at stabilizing the DAI peg and enhancing the protocol's resilience.

Will the Impact of Yearn Finance's yETH Vault on the DeFi Space Last Long?
dai

Will the Impact of Yearn Finance's yETH Vault on the DeFi Space Last Long?

Yearn.finance, a decentralized finance (DeFi) protocol, has recently launched yETH vault, enabling the process of seeking the best returns for yield farmers

Tenstorrent Secures $100 Million Led by Hyundai and Samsung
dai

Tenstorrent Secures $100 Million Led by Hyundai and Samsung

AI chip developer Tenstorrent has closed a $100M round led by Hyundai and Samsung. The funds will accelerate product development and AI chiplet design.

Stablecoin Issuer MakerDAO Invests $500m into U.S Treasuries & Corporate Bonds
dai

Stablecoin Issuer MakerDAO Invests $500m into U.S Treasuries & Corporate Bonds

The move is an attempt by MakerDAO to diversify its holdings by allocating $500 million for investment in U.S. short treasuries and corporate bonds.

Bitcoin Will One Day Close a $40,000 Daily Candle, says BTC Advocate Jimmy Song
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Bitcoin Will One Day Close a $40,000 Daily Candle, says BTC Advocate Jimmy Song

Jimmy Song believes that Bitcoin's daily candle will one day close at more than $40,000 based on its present closure of at least $1900 in the past 24 hours.

Can MakerDAO Survive the Coronavirus Pandemic?
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Can MakerDAO Survive the Coronavirus Pandemic?

The coronavirus pandemic and growing macroeconomic uncertainties have seriously dampened the cryptocurrency market, which Bitcoin once dipped below USD 4000. The “Red Sea” has expanded across the market of decentralized finance (DeFi), where the total value locked (USD) for DeFi market dropped from USD 649m to USD 246m.

DeFi's Yearn.Finance Protocol Suffers $2.8 Million Flash Loan Attack
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DeFi's Yearn.Finance Protocol Suffers $2.8 Million Flash Loan Attack

Yearn.Finance decentralized finance protocol suffered a $2.8 million loss after a flash loan attack, a scheme frequently seen in the fast-rising DeFi sector.

The Dapp of 2019? How MakerDAO Took Charge of the DeFi Field
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The Dapp of 2019? How MakerDAO Took Charge of the DeFi Field

The MakerDao project is the contemporary success story for decentralized finance (DeFi). DappRadar has tagged Maker as the most influential Dapp of the year and the driving force behind the entire DeFi ecosystem.

DeFi Reaches $12 Billion in Total Value Locked as Ethereum Transacts 2X More Than Bitcoin Daily
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DeFi Reaches $12 Billion in Total Value Locked as Ethereum Transacts 2X More Than Bitcoin Daily

The growth of the DeFi industry has led to an explosive increase in popularity in Ethereum-compatible stablecoins.

Origin DeFi Protocol Loses $7 Million to Hacker in Security Breach
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Origin DeFi Protocol Loses $7 Million to Hacker in Security Breach

Origin Protocol is the latest DeFi platform to lose $7 million due to hacking. The company has said that it is working to restore the stolen funds.

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