Latest News

The recent sanctioning of Tornado Cash has forced some platforms to take critical decisions to offer more security.

In light of recent discussions about separating its native token from USD Coin (USDC) during the approval of Tornado Cash, MakerDAO co-founder Rune Christensen reached out to the community and explained why free-floating DAI might be the only option for the decentralized autonomous organization (DAO).

While revealing the protocol's inability to comply with regulators, Christensen suggested that "we must choose the path of decentralization."

The current Total Value Locked (TVL) across all DeFi platforms stood at $59.18 billion at the time of writing. DeFi platforms have been severely affected by general downturn that has plagued the cryptocurrency market since the beginning of August.

The landscape of decentralized finance (DeFi) could soon change. A new project called Uniglo.io introduces novel concepts that could help safeguard investments for token holders.

MakerDAO, the “longest-standing” DeFi lending protocol and creator of DAI, the “original,” decentralized stablecoin, announced that Huntingdon Valley Bank (HVB) has been “approved to utilize a $100M participation facility, funded by a Maker Vault.

The partnership gets 87% approval from Maker's DAO

MakerDAO, a smart contract protocol built on the Ethereum network, announced on Tuesday that it is lending out 100 million DAI to the United States-based commercial bank, Huntingdon Valley Bank.  Today is a defining moment to envision the potential of connecting decentralized finance and real-world finance.

The market is still in a funk after a long, grueling summer. Losses were widespread among digital assets, with even the most popular coins such as Bitcoin and Ethereum taking heavy hits.

DOYLESTOWN, Pa., Aug. 19, 2022 (GLOBE NEWSWIRE) -- HV Bancorp, Inc.

The cryptocurrencies are in a downward move after facing rejection at their respective overhead resistance levels.

MakerDAO founder Rune Christensen weighs in on how DeFi projects can "interact with the real world economy" and do things like invest in real estate and renewable energy. Christensen also shares his thoughts on the future of stablecoin regulation.

MakerDAO founder Rune Christensen discusses his take on the U.S. Treasury department's sanction of crypto mixer Tornado Cash, explaining why it's "useless and pointless" and goes against the ethos of the crypto industry. #cryptocurrency #digitalfinance #finance #bitcoin #crypto Subscribe to CoinDesk on YouTube: https://www.youtube.com/user/CoinDesk?sub_confirmation=1 Site: https://www.coindesk.com Twitter: https://www.twitter.com/coindesk LinkedIn: https://www.linkedin.com/company/3104779/admin Instagram: https://www.instagram.com/coindesk Facebook: https://www.facebook.com/CoinDesk Newsletters: https://www.coindesk.com/newsletters CoinDesk Podcast Network: https://open.spotify.com/show/2jyIhkvAQhed8AWDZiPpSP Markets Daily Crypto Roundup: https://open.spotify.com/show/7sDXM8BlxsUqzL2IqmLqwE CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community.

Uniswap's UNI and MakerDAO's MKR are the two leading altcoins that have seen a significant spike in whale transactions above $100,000 on their respective networks since the beginning of this month, data from Santiment revealed.

Recently, Circle suspended USDC tokens belonging to 38 wallet addresses which were blacklisted by the US Treasury Department. These wallets were of Tornado Cash addresses. Following this, MakerDAO has raised concern about the risks related to USDC.

MakerDAO (decentralized autonomous organization) founder Rune Christensen has called for the community members to consider depegging Maker (MKR)'s stablecoin DAI from USD, and perhaps (slowly) getting into ethereum (ETH) – which Vitalik Buterin argued would be a “terrible idea.”

The co-founder of the Decentralized Autonomous Organization has expressed that he plans to sell $3.5 billion worth of USDC for ETH.  DAI Could Depeg MakerDAO co-founder Rune Christensen's decision to sell such a vast amount of USDC for ETH could result in another stablecoin catastrophe.

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).

Rune Christensen, the co-founder of MakerDAO, said that the DAI stablecoin could drop its peg to the US dollar, removing all the risks of working with USDC. According to daistats, the DAI stablecoin is now 60% backed by USDC (estimated to be worth $3.5 billion).

The founder of MakerDAO, Rune Christensen, said on the project's official Discord channel that they are seriously considering moving away from using Circle's stablecoin USD Coin (USDC) following the immediate closure of USDC addresses sanctioned by US authorities for interacting with Tornado Cash.

MakerDAO co-founder Rune Christensen plans to sell up to $3.5B in USDC for Ethereum — a move that could result in its DAI stablecoin losing its dollar peg. The post MakerDAO Founder Plans to Sell $3.5Bn USDC Backing For Ethereum, Risks DAI Depeg appeared first on BeInCrypto.

In a big development, Rune Chirstensen, founder of MakerDAO has urged all the members to “seriously consider” preparing the depeg of the DAI stablecoin from the U.S. Dollar. The comments came on the MakerDAO discord channel on Thursday, August 11, after the U.S. Treasury sanctioned crypto mixer Tornado Cash earlier this week.

In light of the recent Tornado Cash and frozen USDC addresses debacle, MakerDAO founder Rune Christensen is hoping to move DAI's collateralization away from USDC.

Rune Christensen sees a new era ahead for DeFi, and it isn't pretty, he told CoinDesk TV's “First Mover” program