Tag: DAI

Given the uncertainty in the macroeconomic environment, Bitcoin price bulls have no reason to bet against a six-week descending wedge pattern. A bearish market structure has been pressuring cryptocurrencies’ prices for the past six weeks, driving the total market capitalization to its lowest level in two months at $1.13 trillion. According to two derivative metrics,…

Rune Christensen, a MakerDAO co-founder, has reached out to the community in light of recent conversations about decoupling its native token from USD Coin (USDC) amid the sanctioning of Tornado Cash to explain why free-floating DAI may be the only option for the decentralized autonomous organization (DAO). In his blog post titled “The Path of…

There’s Bitcoin, Ethereum, Ripple, and Litecoin, whose prices are dependent on the volatile cryptocurrency market. And then there’s Tether (USDT), whose price will never float too far away from $1. While this stablecoin is the most popular in the world, it isn’t the only option, writes Jie Yee Ong on MakeUseOf. So, read on to…