MakerDao

Weekend Market Action Signals DeFi-Driven Bull Market Has Arrived

Source Node: https://beincrypto.com/weekend-market-action-signals-defi-driven-bull-market-has-arrived/
Time Stamp: August 3, 2020 4:01 AM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

This weekend’s epic crypto market momentum has been a remnant of the volatile action witnessed in late 2017. Ethereum has been in the driver’s seat, but instead of the ICO-saturated market of yesteryear, DeFi platforms are now dominating the sector in 2020. Cryptocurrency markets have reached their highest levels this year in terms of total market capitalization. Trouncing February’s highs of $300 billion, the total market cap surged to $360 billion this past Sunday. The figure has yet to top the 2019 peak in mid-June when the total cap exceeded

DeFi Market Cap Surpasses $8 Billion

Source Node:
Time Stamp: August 1, 2020 6:01 AM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

DeFi is all the rage as the booming crypto landscape’s total market cap surpassed $8 billion today, per data from CoinGecko. DeFi Continues to Grow Exponentially The DeFi market cap continues to increase as more money gets poured into the nascent space. According to the latest data from CoinGecko, the total market capitalization of the top 100 DeFi coins is now over $8 billion. That said, the figure should be taken with a pinch of salt as different websites have different metrics to determine the DeFi market cap. For instance,

DefiPulse Reveals $4B of Total Value Locked is DeFi Markets

Source Node: https://www.cryptoknowmics.com/news/defipulse-reveals-4b-of-total-value-locked-is-defi-markets
Time Stamp: August 1, 2020 5:09 AM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

Rate this post DefiPulse, a huge site that gives regular crypto insights and analytics has recently revealed data regarding DeFi. As per the website, currently, there is $4 billion of the total value which is locked in the DeFi markets. This increase in total locked-in value is clearly indicating that the DeFi industry is growing rapidly. DefiPulse claims MakerDAO holds 30% of DeFi market In short, DeFi simply means the integration of digital assets, blockchain, and smart contracts in financial services. It provides financial services like credit and lending without

Chicago DeFi Alliance Launches to Save Decentralized Finance

Source Node: https://cointelegraph.com/news/chicago-defi-alliance-launches-to-save-decentralized-finance
Time Stamp: April 8, 2020 8:58 AM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

Amid the apparent ongoing collapse in decentralized finance (DeFi) lending, a group of major trading and cryptocurrency companies in the United States are launching an alliance to support the sector.Introduced on April 7, the Chicago DeFi Alliance (CDA) aims to provide DeFi-focused startups and entrepreneurs with support and guidance in complying with trading regulations and other applicable requirements.Chicago DeFi Alliance to share its expertise to boost DeFi liquidity and marketsAccording to a blog post by crypto fund Volt Capital, a founding member the CDA initiative, the alliance also includes major

It’s Time For Beer & Bitcoin: Quarantine Edition

Source Node: https://cointelegraph.com/news/its-time-for-beer-bitcoin-quarantine-edition
Time Stamp: April 7, 2020 7:23 PM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

In the latest episode of Beer & Bitcoin, Cointelegraph’s YouTube hosts Jackson and Giovanni were joined by Cointelegraph editor-in-chief Jay Cassano and managing editor Kristina Lucrezia Cornèr. They are in quarantine in New York City and Padova, Italy, respectively.But we’re not inclined to let quarantine hold us down. With some beers on hand, it’s easy to get into an engaged crypto discussion.This time the conversation focused on the economic fallout of Black Thursday, Binance’s acquisition of CoinMarketCap, and the near-emergency shutdown of DeFi giant MakerDAO.Check out the full video and

Rune Christensen: ‘Our Job Is to Support Whatever the Maker Community Decides’

Source Node: https://cointelegraph.com/news/rune-christensen-our-job-is-to-support-whatever-the-maker-community-decides
Time Stamp: April 6, 2020 3:41 PM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

As the dust begins to settle over MakerDAO’s Black Thursday incident, the team is now returning to a normal working pace. We took the opportunity to catch up with Rune Christensen, one of the original founders of the protocol, for a full recap of the situation and what it means for Maker (MKR). Christensen had been oddly quiet as the events were unfolding, never joining any forum discussion or issuing comments to the media — until now.MakerDAO provides users with stable DAI cryptocurrency in exchange for their volatile crypto holdings, and

John McAfee Offers $500 in ETH-based DAI for Post-Apocalyptic Photos

Source Node: https://cointelegraph.com/news/john-mcafee-offers-500-in-eth-based-dai-for-corona-apocalypse-pics
Time Stamp: April 3, 2020 2:36 PM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

Famed altcoin advocate, John McAfee, has put up a $500 reward in the Ethereum based stablecoin, DAI, for the best original photo taken in the midst of the coronavirus lockdown.The sea-bound computer programmer asked for pictures of vacant highways and cities from people who are still able to leave their homes for essential supplies and activities. McAfee tweeted:“Those able to leave your homes during quarantine ... (to buy food or get medical care, etc.) ... Take photos of interesting aspects of your vacant cities, highways, etc. $500 in DAI crypto

John McAfee Offers $500 in ETH-based DAI for Corona Apocalypse Pics

Source Node: https://cointelegraph.com/news/john-mcafee-offers-500-in-eth-based-dai-for-corona-apocalypse-pics
Time Stamp: April 3, 2020 2:35 PM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

Famed altcoin advocate, John McAfee, has put up a $500 reward in the Ethereum based stablecoin, DAI, for the best original photo taken in the midst of the coronavirus lockdown.The sea-bound computer programmer asked for pictures of vacant highways and cities from people who are still able to leave their homes for essential supplies and activities. McAfee tweeted:“Those able to leave your homes during quarantine ... (to buy food or get medical care, etc.) ... Take photos of interesting aspects of your vacant cities, highways, etc. $500 in DAI crypto

How the Pressures of the Coronavirus May Open the Door for Tokenization

Source Node: https://cointelegraph.com/news/how-the-pressures-of-the-coronavirus-may-open-the-door-for-tokenization
Time Stamp: April 2, 2020 2:16 PM - Modified On: August 29, 2021 - Published By:
Source Cluster:
Republished By Plato

The coronavirus pandemic is the only thing on most people’s minds right now around the world.The pending economic fallout is only surpassed by the anxiety induced by surging cases in both the United States and Europe. People remain firmly in quarantine around the world, and consumer demand has fallen off a cliff as people are holed up with only basic necessities.Paired with the awful Purchasing Managers’ Index numbers published by the National Bureau of Statistics and the China Federation of Logistics and Purchasing, as well asearly U.S. indicators, we’re about

A Crypto Venture Fund Bought the Most Tokens at MakerDAO’s Debt Auction

Source Node: https://cointelegraph.com/news/a-crypto-venture-fund-bought-the-most-tokens-at-makerdaos-debt-auction
Time Stamp: April 1, 2020 2:21 PM - Modified On: August 29, 2021 - Published By:
Source Cluster:
Republished By Plato

An auction to recapitalize MakerDAO (MKR) after the mid-March market turmoil successfully concluded on March 28, bringing in over $5 million worth of DAI. Crypto venture fund Paradigm Capital revealed in a March 31 tweet that it won approximately 68% of the auctioned tokens.The company had previously pledged to join a “backstop syndicate” and cover the entire system shortfall if necessary. Acting as a so-called “backstop,” the group would act as the buyer of last resort by purchasing the MKR tokens if their price fell to $100. (The auction’s starting