Founder: MakerDAO should consider removing DAI from USD
MakerDAO founder Rune Christensen wants to transfer DAI’s collateralization away from USDC in light of the current Tornado Cash and frozen USDC addresses scandal. The decentralized autonomous organization’s (DAO) members have been advised by MakerDAO founder Rune Chirstensen to “seriously consider” planning for the depeg of its DAI stablecoin from the US dollar (USD). The […]
ASIC chair concerned by amount of “risk-taking” crypto investors
The increase in crypto investing during the COVID-19 pandemic has Australia’s financial services authority concerned, particularly among young and novice investors. The sheer number of people who bought “unregulated, volatile” crypto assets during the pandemic has alarmed Australia’s financial services regulator chief Joe Longo. The comments were given by Longo, the head of the Australian […]
Institutional staking won’t take off without asset lock-up
While liquid staking is still being developed, Coinbase’s new institutional staking offering won’t be a “near-term phenomenon”. Institutional staking of cryptocurrency assets, such as post-Merge Ethereum, may become a “phenomenon” in the future, but not as long as their assets need to be “locked up.” Chief Financial Officer (CFO) Alesia Haas said during a Q2 […]
DeFi platform Oasis will block wallet addresses deemed vulnerable
Users claim that when using apparently high-risk wallets to communicate with Oasis, their sessions were disconnected. Sanctioned addresses will no longer be able to use the decentralized finance platform Oasis app, according to a Discord post on Thursday. The modification to the terms of service prevents wallets marked as high risk from managing positions or […]
ETH developers move up the Merge release date
Developers have decided on a possible date for the mainnet Merge, which means that Ethereum’s switch to Proof-of-Stake is getting closer. The Ethereum Merge, which will see the blockchain switch to Proof-of-Stake, may occur earlier than anticipated after core developers published a preliminary Merge date of September 15. In a developer call on August 11, […]