2022-09-03 23:29:32
Another small selection of news from the last day:
MakerDAO's Christensen promotes "Plan of Completion" to save DAI from attackRune Christensen laid out his vision for the DAI stablecoin to become a free-floating asset if the protocol fails to reach the 75% decentralized collateral threshold within three years.
Following the Treasury Department's decision to sanction Tornado Cash earlier this month, MakerDAO co-founder Rune Christensen proposed an "Endgame Plan" to save DAI from being taken over by regulators.
The plan calls for MakerDAO to lease DAI against real assets to accumulate ETH, with the ultimate goal of turning the stablecoin into a free-floating asset. The proposal has received support and encouragement from members of the MakerDAO community.
Vitalik Buterin from Ethereum will publish a collection of his worksSummer and autumn are approaching, a boom time for booksellers around the world. Ethereum (ETH) co-founder Vitalik Buterin is joining the race for a crypto-related bestseller this year with the upcoming release of Proof of Stake, a collection of his work from the past 10 years.
The title will be released in both physical and digital form on September 27, Buterin tweeted. According to the author, his entire share of the proceeds from the book goes to support open source public goods through Gitcoin grants.
How Cryptocurrency Can Help Fight Global Income Inequality - SourceCryptocurrency provides users with easier access to financial instruments and a more affordable way to transfer money.
Many people in developing countries rely on family members abroad to send money back to help with living expenses. Remittances account for between 20% and 38.5% of the gross domestic product of countries such as El Salvador, Haiti and Tonga. USD-pegged stablecoins such as USD Coin (USDC) and Tether (USDT) can ensure that recipients receive more transferred funds without intermediaries receiving a reduction in transfer fees.
Maturity date Mt. Gox delayed again until mid-SeptemberIndeed, the latest public document posted on the platform’s website on August 31 discloses the “Assignment, etc. ”restriction control period” was accepted by the court and begins on September 15 and ends with an indefinite period. Notably, this does not mean that payments will begin September 15, 2022 (Japanese time).
Eurozone inflation hits record 9.1% amid gas and energy crisis - SourceAugust marks the ninth consecutive month of inflation in the euro area at 9.1%. In July, official inflation data was 8.9%. The Eurozone consists of 19 countries including Germany, France and Belgium.
This comes as the European Union (EU) is facing a massive energy and gas crisis, largely as a result of the ongoing conflict in Ukraine.
El Salvador's Bitcoin Beach to Receive Over $200 Million in Infrastructure InvestmentEl Zonte, a beach in El Salvador that has been renamed “Bitcoin Beach” as a result of cryptocurrency adoption, will receive infrastructure upgrades as part of a strategic plan to be implemented by the Salvadoran government.
DeFi Projects will develop decentralized interfaces after Tornado Cash dropsA small but growing number of decentralized finance (DeFi) projects, including dYdX, Liquidity, GMX, Kwenta, and others, are working on decentralized front-ends (DeFe) in connection with Tornado Cash sanctions.
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