• MakerDAO debt auction
    Cryptocurrencies,  Ethereum,  Technology

    MakerDAO debt auction achieves its goal, late bidders reap reward

    Bad debt worth millions of dollars has been covered through the debt auction, but compensating people wiped out by 0 dai bids is still being debated

    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.

  • Buterin wants bitcoin-ether DEX
    People,  Technology

    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.

  • Huobi DM putting brakes on margin calls
    Cryptocurrencies,  Technology

    Huobi DM putting brakes on margin calls

    The new feature should slow or stop borrowers’ assets being automatically liquidated after sudden price crashes, which can cause “extensive user losses”

    Derivatives trading platform Huobi DM has announced a new feature designed to “minimize user exposure during times of severe market volatility” in digital assets. Its solution is to unveil a new mechanism that performs liquidation gradually.