‘’I am kind of polarizing. People either like me or they hate me. There’s not a lot of people in between’’- says the protagonist of the crypto platform Cardano. Charles Hoskinson, the creator of Cardano is a famous entrepreneur who carries some infamous stains due to his history with Ethereum. …Read More »
Maker is an asset-backed decentralized “stablecoin” based on the Ethereum blockchain. Stablecoins are a revolutionary approach to digital money as they remove large price volatilities in the coins.
Maker’s autonomous smart contract system is designed specifically to react to market fluctuations, keeping the price of 1 Dai equivalent to US$1. Each Dai is backed by Ether tokens as collateral, and is secured with an Ethereum smart contract. In the event that the price of Ether drops below the predetermined threshold, the smart contract would automatically liquidate, keeping the collateral at a safe level and therefore preventing the Dai token from collapse.
By holding a MKR token, you become a member of Maker’s DAO and are entitled to certain rights as defined in Maker’s technical documents.
For a non-technical overview of Maker, see their whitepaper. For a technical analysis and more information on the functionality of the smart contracts, look into their purple paper. To read more about Maker see: “What is Maker”.
Ripple’s Q3 2019 XRP Markets Report reveals a noticeable downfall in its XRP. With the sale of $66.2 million of XRP in Q3 2019, Ripple falls straightly down by 74% in comparison to its sale in Q2 which stood at $251.5 million. According to an official report displayed by Ripple …Read More »
The second-largest bank in the U.S, Bank of America has made a public announcement that they are using the technological solutions created by the Ripple cryptocurrency which famous for its blockchain payment service. The bank is also thinking about adopting Ripple’s distributed ledger technology or DLT. On the other hand, …Read More »
As we all know that there are ups and downs in the market and here is the recent example of this in the market. VET has gained around 6% on the last day and its value has become 0.0034 USD. There are 3 major price swings in this period and …Read More »
The UN district court, New York postpones the case hearing against Telegram Open Network (TON) which was filed by the Securities and Exchange Commission (SEC). The case will now be heard on February 2020. In accordance with the TRO filed, Telegram should have been in front of the court …Read More »
Ripple is very popular among financial institutions and banks for its multinational blockchain remittance service. Previously, Ripple has collaborated with a lot of famous banks and institutions around the globe. Also, recently the CEO of Ripple, Brad Garlinghouse has stated that the blockchain remittance company Ripple has signed over 30 …Read More »
Cardano has now stepped into the supply chain and starting to authenticity check of product in retail. It is one of the main jobs of the currency blockchain technology and it was until yet limited to firms like IBM and VeChain. But, now Cardano has stepped into this business by …Read More »
Current Price of Bitcoin: Currently, the currency trading at the value of $7,938.43 and its value is decreasing by 2.03%. The market capitalization of the currency is $142,883,413,333 and the 24-hour volume of the currency is $15,138,668,727. The circulating supply is 17,998,962 BTC and the ROI of Bitcoin is 5,767.28%. …Read More »
Heath Tarbert, head of the United States Commodity Futures Trading Commission (CFTC) talked about the future of cryptocurrency and the government regulations on cryptocurrency as well in the recently held Yahoo Finance’s All Markets Summit in New York City on October 10. The native derivative cryptocurrency of the Ethereum ecosphere, …Read More »
The Crypto Exchange BitFinex recently introduced its Affiliate program in an effort to attract new Customers to its Network. BitFinex Shared this update for the community through their official twitter account on 17th October. The latest Affiliate Program introduced by Bitfinex is offering unlimited commission earnings for affiliates. As mentioned …Read More »