MakerDAO goes ahead with $500M investment in treasuries and bonds

MakerDAO goes ahead with $500M investment in treasuries and bonds

$500 million of the funds currently collateralizing the Dai (DAI) stablecoin will be reallocated to U.S. Treasuries and corporate bonds in an effort to provide the protocol low risk additional yield. $500 million of the funds currently collateralizing the Dai (DAI) stablecoin will be reallocated to U.S. Treasuries and corporate bonds in an effort to provide the protocol low risk additional yield. Cointelegraph.com NewsRead More

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Binance-Backed BNB Smart Chain Paused Over Potential Multi-Million Dollar Exploit, Token Slides 4%

On Thursday, 6:19 p.m. (ET), the official Twitter account for the Bnb Smart Chain explained that the team was temporarily pausing the blockchain, after citing that it noticed irregular activity. Sources say that more than $600 million in Bnb tokens were reportedly stolen from the chain’s cross-chain bridge. The Bnb Smart Chain team detailed on Reddit that funds “taken off BSC are between $100M – $110M.” Bnb Smart Chain Temporarily Pauses Amid Hack Rumors The crypto token BNB is down 4% lower against the U.S. dollar during the last 24…

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European Lawmakers Urge for Crypto Taxation, Use of Blockchain to Fight Evasion

Members of the European Parliament have called for “effective taxation” of crypto assets and “better use of blockchain” to counteract tax evasion. A resolution aiming to achieve both objectives has been approved by a large majority which also wants small crypto traders to enjoy a simpler tax regime. European Parliament Adopts Framework for Uniform Taxation of Cryptocurrencies in EU European lawmakers have supported a non-binding resolution setting out a framework seeking to achieve the implementation of blockchain technology in taxation and uniformly tax digital assets across the 27-strong block. The…

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8 Years Ago Today: Bitcoin Traders Slayed the Infamous Bear Whale Who Dumped 30,000 BTC in a Single Trade

Eight years ago today on October 6, 2014, while the price of bitcoin was coasting along at $330 per unit, an anonymous Bitstamp trader placed an order to sell 30,000 bitcoins. Moreover, the trader, now infamously known as the “Bear Whale,” sold the coins at $300 per unit, which put extreme pressure on the nascent bitcoin market that saw roughly $29 million a day in global trade volume. A Look at the October 2014 Bitcoin ‘Bear Whale Incident’ While bitcoin (BTC) is trading for just below the $20K region, approximately…

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