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Despite the general bearish trend in the cryptocurrency market at the moment, the Maker token continues to thrive. Maker is currently trading at $811.28 today.
Cryptocurrencies have considerably higher beta than the traditional stock market, meaning that they are more volatile and subject to faster price movement. This volatility is key to making multiples out of your investments and propelling yourself to new levels of wealth.
DeFi lending platform MakerDAO has proposed an 'Endgame Plan' to make the protocol more resilient, but it could severely impact its stablecoin and liquidity pools. The post MakerDAO ‘Endgame Plan' Could Impact Curve's $860M 3pool, Here's How appeared first on BeInCrypto.
Bitcoin price is slowly moving higher above $19,500. BTC is currently (04:10 UTC) facing resistance near 19,650. A clear move above the $19,650 and $20,000 resistance levels might open the doors for a steady increase.
MakerDAO has launched a new proposal to make progress in terms of fees and debt ceilings. Worth pointing out, however, that these new developments may not have generated interest from retail investors as the price of MKR has been depreciating for a few days now.
There have been panic in the digital space amidst rumours of Nexo being insolvent due to the abrupt withdrawal of Wrapped Bitcoin (WBTC) from MakerDAO with an address labelled as Nexo Ox8fd
The Nexo-addressed Crypto pocketbook makes a large withdrawal of wrapped Bitcoin (wBTC) of up to $153 million USD from MakerDAO. This development comes amidst a predicted drop in NEXO rates.
Blockchain analytics firm Santiment says that crypto lender Nexo has pulled a huge portion of Wrapped Bitcoin (WBTC) off of decentralized finance (DeFi) platform MakerDAO following the firm's legal troubles with multiple state regulators.
The crypto community chose to link the funds' withdrawal with Nexo's insolvency rumors due to the wallet's name — Nexo: 0x8fd.
MakerDAO [MKR] received a proposal revolving around a partnership from leading cryptocurrency exchange Gemini on 29 September. In a tweet by the decentralized stablecoin creator, Gemini offered to have GUSD run on the protocol's ecosystem.
The cryptocurrency market, which had been trading on a bullish note for most of the day, has yet again landed in the red zone. Bitcoin and Ethereum have dropped by 0.25% and 0.52%, respectively, in the last 24hrs. By default, this has caused most of the other large-cap cryptocurrencies to dip as well.
Be[in]Crypto takes a look at the five cryptocurrencies that increased the most last week, more specifically, from Sept. 23 to Sept.
XRP climbed above its 200-day moving average while MKR hit a three-week high. A higher-than-expected figure for core PCE, the Fed's preferred measure of inflation, may inject volatility into markets.
Bitcoin price remained stable the $19,000 level. BTC is currently (11:00 UTC) consolidating and facing resistance near $19,600. A clear move above the $19,600 and $19,650 resistance levels might start a strong upward move.
Circle and Binance are moving their pieces to win the stablecoin race. Gemini doesn't want to be left behind.
The proposal will see Gemini commit to a fixed rate payment on the GUSD stablecoin balance in the MakerDAO ecosystem for three months. The post Gemini wants to boost GUSD stablecoin volume in MakerDAO appeared first on The Block.
When it comes to Decentralized Finance protocols, a handful stands out from the pack.
With the global crypto market capitalization still below the $1 trillion mark, the once glimmering decentralized finance (DeFi) total value locked (TVL) has also witnessed a considerable pullback. The post DeFi TVL at Record Low but UNI, MKR, and AAVE Extend Rally appeared first on BeInCrypto.
Closing the trading month at an index price of $679.41, MKR recorded a 42% decline in its price in August. On a daily chart, this free fall in price within the 30-day period caused the token to make a falling wedge.
MKR trades below 50 and 200 EMA on the daily timeframe. Price breaks out of a falling wedge with eyes set on key resistance of $800.
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The first phase of GNO becoming a DAI collateral has passed as the MakerDAO governance voted yes to the proposal. The post MakerDAO governance votes yes to adding GnosisDAO token as collateral for DAI appeared first on The Block.
Blockchain analytics firm PeckShieldAlert informed the community on Twitter today (19 September) that a certain vault on MakerDAO was actively under the threat of liquidation as Ether's price dipped below $1300, at the press. As per data from Oasis.app, ETH-B Vault 28300, which currently has $4.3 million (3354.
