MakerDAO co-founder proposes fork of Solana codebase for native chain
MakerDAO co-founder Rune Christensen has submitted a proposal to build the decentralized finance project’s upcoming native chain off of a fork of Solana’s codebase, and not the Ethereum Virtual Machine despite its long-running ties with Ethereum. MakerDAO’s native chain o ...
Coinbase Suspends Trading of USDT, DAI, and RAI in Canada
The exchange cited the regulatory climate as the reason. USDT and algorithmic stablecoins fall under a ban in Canada from 2021-2022. Cryptocurrency exchange Coinbase said it will suspend trading of USDT, DAI and RAI in Canada. This was reported by Cointelegraph, ...
Controversy as MakerDAO’s Spark Protocol blocks users with VPNs
MakerDAO, one of the early pioneers of decentralized finance, has sparked criticism over its decision to block virtual private network (VPN) users from accessing its recently launched lending platform, Spark Protocol.At the time of writing, VPN users that attempt to access the Spark Protoc ...
Aave Protocol launches stablecoin GHO on Ethereum mainnet, $2M minted
Decentralized finance (DeFi) protocol Aave has launched its algorithmic United States-dollar pegged stablecoin GHO on the Ethereum mainnet, with $2.19 million worth of GHO minted so far.Aave announced the launch of the new stablecoin in a July 16 blog post, describing the new stablecoin GH ...
Fantom Foundation Temporarily Withdraws from SushiSwap Liquidity Pools Over Multichain Security Concerns
Director of Fantom Foundation announced that the fund has temporarily withdrawn from liquidity pools on SushiSwap due to security concerns with the Multichain Bridge. Andre Cronje stated that "if something negative does happen, it will affect USDC, DAI and wBTC issued in ...
MakerDAO Launches DeFi Credit Platform Spark with Unique Interest Rate Model
The main leveraged asset here will be the DAI And the interest rate is chosen by vote The platform goes live today MakerDAO introduced a DeFi-like credit platform called Spark. It is based on the Aave V3 protocol, and promises unique credit solutions ...
How Problems with Banks and Stablecoins Boosted Bitcoin
In March, the cryptocurrency industry faced a significant test as three banks, SVB, Silvergate, and Signature, collapsed, causing a chain of events that once again highlighted the importance of securing stablecoins and gave momentum to the growth of Bitcoin. The collapse of SVB was initially pred ...
Cryptocurrency Donations for Ukraine’s War Efforts Surpass $70 Million
Chainalysis, an analytical company, has revealed that donations worth $70 million in cryptocurrencies have been made to help the Ukrainian army and victims since the beginning of Russia's hostilities in Ukraine. The majority of the donations, worth $22.8 million, were made in Bitcoin, while USDT ...