#DAI News

Huobi Wallet with MakerDAO Compound crypto tokens faling

Huobi Wallet Integrates MakerDAO and Compound, Expands DeFi Initiative

August 20, 2019 by Ashwath Balakrishnan at Altcoins

Huobi Group is continuing its foray into decentralized finance (DeFi) with support for MakerDAO and Compound Protocol, as per a press release, August 19, 2019. MakerDAO at one point had over half a billion dollars worth of value locked in the system, making it one of the most successful use...

A powerful crypto standing in Argentina skyscrapers

Could Cryptocurrency Solve Argentina’s Economic Woes?

August 14, 2019 by Ashwath Balakrishnan at Bitcoin

The Argentine Peso depreciated almost 25 percent against the USD overnight, showcasing the incremental damage being done to an already ailing economy. Economists across the globe have differing views as to how Argentina can tackle this crisis. According to analyst Alex Kruger, Argentine residents flock to the USD in an...

Pundi X Payment Platform Adds Support for Decentralized Stablecoin DAI

August 8, 2019 by Edoardo Vecchio at Altcoins

According to an official announcement made on August 7 by blockchain project Pundi X, MakerDAO's stablecoin DAI has been integrated into the Pundi X payment Network and can be used to make transactions through its products and services. A Stablecoin to Facilitate Payments Cryptocurrency payments startup Pundi X announced on...

MakerDAO Maker Vote Green Tick Red Cross

MakerDAO Announces Multi Collateral DAI Issuances

June 29, 2019 by Ashwath Balakrishnan at Altcoins, News

In a positive move for DeFi and the MakerDAO community, users will soon be able to collateralize six ERC-20 tokens, apart from ETH. As per a blog post by the team, there will be a vote in the last week of July to decide the prioritize the order in which...

Dai Axie and other Axies looking a Dai coin happily

Dai Stablecoin Now an In-Game Currency for Axie Infinity

June 12, 2019 by Eddie Mitchell at Altcoins

Maker, the firm behind the Dai stablecoin, has partnered with the crypto-collectible online battle game, Axie Infinity. The move brings Dai to a vastly expanding videogame in which players “breed, raise, battle, and collect” digital pets called "Axies." This according to an official blog post from Maker, June 10, 2019....

DAI Stablecoin Waving Behind the Coinbase Hut

Coinbase Earn Unveils Support for Ethereum-Based DAI Stablecoin

June 11, 2019 by Aisshwarya Tiwari at Altcoins

On June 10, 2019, Coinbase announced that its users can now earn the Ethereum-based DAI stablecoin by watching video lessons and answering questions about the token’s features. Coinbase Earn Gets its First Stablecoin Coinbase’s “learn and earn” platform - Coinbase Earn – now allows users to earn DAI cryptocurrency for...

Scope of DAI Use Cases are Exponentially Widening

June 9, 2019 by Ashwath Balakrishnan at News, Stablecoins

A recent report from MakerDAO digs into the growing adoption of the DAI stablecoin. Issuance of DAI may be done through Maker debt contracts, but usage is being leveraged across the Ethereum dApp ecosystem, June 8, 2019. DAI Use Case Bolsters Ethereum DeFi As a landmark year for cryptocurrency development...

Crypto Exchange OKEx Launches USDK Stablecoin

June 3, 2019 by Aisshwarya Tiwari at News, Stablecoins

In a blog post published June 3, 2019, Malta-based cryptocurrency exchange OKEx announced that it's subsidiary firm OKLink will launch a U.S. dollar-pegged stablecoin called USDK. Incoming: OKEx Stablecoin The stablecoin fever seems to be catching up with cryptocurrency exchanges across the world. Following the footsteps of exchanges like Gemini...

Troubles at MakerDAO Are Symptomatic of Shifting Narratives in Crypto

May 30, 2019 by Liam J Kelly at Altcoins

A lot has been going on at Maker over the past few months, and not all of it bullish. In the first, the protocol has experienced a series of stability fee hikes on its collateral lending product that has the community up in arms. After that, the team’s leadership has...

Coinbase Exchange Lists DAI Stablecoin

May 24, 2019 by Aisshwarya Tiwari at News, Stablecoins

Major cryptocurrency exchange Coinbase announced on May 23, 2019, that it had listed Maker’s stablecoin Dai (DAI) on its trading platform. With this, users of Coinbase.com and its Android and iOS apps will now be able to buy, sell, and store DAI. Welcome DAI According to the announcement, Coinbase users...

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