MakerDAO has nearly wrapped up its first-ever debt auction—an event designed to cover millions of dollars in bad debt triggered by the ether flash crash on March 12. It seems that those who participated in the debt auction early got a bad deal compared with those who waited to take part later.
Vitalik Buterin wants a bridge to peace between the armies of bitcoin and ether (Photo: John Philips/Getty Images for TechCrunch).Vitalik Buterin: Lack of bitcoin-ether bridge ‘embarrassing’
In a candid tweet, the Ethereum co-founder said it was ‘embarrassing that we still can’t easily move between the two largest crypto ecosystems trustlessly’
Ethereum co-founder Vitalik Buterin has called for a decentralized exchange to be built that enables swaps between bitcoin and ether. At present, those who want to convert their BTC into ETH, or vice versa, have little choice but to rely on centralized crypto exchanges, which often charge fees.
Brooklyn Nets star Spencer Dinwiddie's latest crypto foray is a savings and loan platform (Photo: Eric Drost via Wikimedia Commons)NBA star Spencer Dinwiddie teams up with Cred for crypto lending, savings
With plans to tokenize his salary yet to materialize, the Brooklyn Nets’ guard is offering fans 10% interest and cryptocurrency-backed loans.
As he still battles to tokenize his lucrative NBA contract, Brooklyn Nets star Spencer Dinwiddie has come up with a back-up plan: offering a savings platform for cryptocurrencies. Through the partnership with Cred, a California-based lender, users can “pledge” digital assets such as Bitcoin and Litecoin—as well as stablecoins including Tether. In return, Dinwiddie says he is promising up to 10% interest at maturity
Chain is capturing more blockchain and cryptocurrency investment at the expense of the U.S (Photo: CDC Group).Go East: Crypto funding shifting from US to China, report says
In 2015, just 2% of cryptocurrency and blockchain deals were for Chinese companies. Fast forward four years to 2019, and the figure soared to 22%
In it Blockchain Report 2020, CBInsights said 51% of deals in the industry were for US-based companies four years ago, while only 2% was earmarked for Chinese businesses. According to the latest figures, China’s share of deals is 22% in 2019, while America’s share dwindled to just 31%.