TagDai

Texas Bitcoin ATM Maker Coinsource Eyes Stablecoin & Remittances

Coinsource

Texas-based Bitcoin ATM maker Coinsource is adding a stablecoin to the mix. The company is expanding to include the Dai stablecoin in its machines, according to a report in Reuters.  Coinsource is also reportedly gearing up to launch a remittance service, and Dai should shield users from the volatility that's inherent in the cryptocurrency market. Dai is a decentralized stablecoin that's built on...

Coinbase Pro Adds Another Four Ethereum Tokens Including DAI

In a slew of additions and developments, and not unexpectedly, Coinbase has added four more Ethereum tokens. Dai (DAI), Golem (GNT), Maker (MKR), and Zilliqa (ZIL) will be added to the Coinbase Professional platform but with some regional restrictions. GNT and DAI will be available in the US, but not New York, in the UK, the EU, Canada, Singapore, and Australia. MKR and ZIL will be added to...

Crypto Protocol Wanchain Integrates MakerDAO’s Dai Stablecoin

crypto dai makerdao stablecoin

For a particular set of crypto users, the need for centralized exchanges is one of the biggest stumbling blocks on the road to a completely decentralized future. Not everyone is going to prefer to use Bitcoin, and not everyone is going to prefer to use Ethereum. Indeed, not everyone is going to prefer any cryptocurrency. The question, then, is how can the "internet of money" be interconnected...

Nearly 1% of the Total Ethereum Supply is Locked in the MakerDAO Smart Contract

makerdao cryptocurrency stablecoin ethereum

MKR.tools creator Mike McDonald raised a celebratory alarm on Twitter yesterday morning. According to the Ethereum blockchain, about 1 million ether  – or almost 1 percent of the total Ethereum supply – is presently locked in MakerDAO smart contracts. There is now 1,000,000 ETH locked in @MakerDAO smart contracts as of this morning 🎉. A slight rounding error away from 1% of the total ETH supply...

Maker Price (MKR) Explodes Through $750 as Dai Cryptocurrency Awaits Augur Integration

Maker MKR price cryptocurrency rally

Maker (MKR), the central token of the Maker smart contract platform and the Dai stablecoin system, has experienced a phenomenal rally over the past month, bolstered a major partnership and an investment from one of the cryptocurrency industry’s top venture funds. Less than one month ago, on Sept. 12, MKR was trading below $300. Since then, the token has gone on a tear, rising 159 percent to a...

How Can Andreessen Horowitz Profit From its $15m Investment in a Stablecoin?

USDCoin stablecoin cryptocurrency

On September 25, CCN reported that prominent venture capital firm Andreessen Horowitz invested $15 million in a stablecoin network called Maker. Stablecoin is a cryptocurrency whose value remains stable by being hedged to the price of reserve currencies like the US dollar. Hence, Dai, the stablecoin of the Maker ecosystem, will always represent $1, regardless of the value of Bitcoin and Ethereum...

Andreessen Horowitz Invests $15 Million in MakerDAO's Asset-Backed Stablecoin

marc andreessen

Andreessen Horowitz has made a major investment in a cryptocurrency project that algorithmically adjusts the supply of coins to keep their value stable. The American venture capital firm, which has invested in crypto startups like CryptoKitties and OpenBazaar in the past, purchased 6 percent of the total supply of MKR tokens through its $300 million crypto fund, a16z. The fund committed a total...

Interview: Michael Dunworth, CEO of Money Transfer Service Wyre, on MakerDAO Partnership

interview caitlin long

On Tuesday, U.S. international wire transfer startup Wyre announced a strategic partnership with MakerDAO. We've written about Wyre several times in the past: first when they raised a $5.8 million Series A led by Chinese firm Amphora Capital. The firm went on to acquire Bejing-based Remsity as they took on China. At the time -- April 2017 -- we reported that they were processing $50 million a...

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