DaiDai DAI news

Price, 24h
1.01 USD / 0.00029448
-0.70% / 0.01%
Volume, 24h
11,347 USD
-81.16%
Marketcap
55,718,736 / 0.05%
Emission
Chart price/vol/NIS 7d
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KuCoin Crypto Exchange Proudly Announcing the Listing DAI Stablecoin and Maker (MKR)

KuCoin blockchain asset today is proudly announcing the listing of another Stablecoin, DAI, and the ERC-20 token, Maker (MKR). Deposits on both are now available utilizing KuCoin website and to their iOS and Android applications. DAI’s supported pairs are BTC/DAI, ETH/DAI, USDT/DAI, and MKR/DAI. And for MKR with possible pairs like MKR/BTC, MKR/ETH, and MKR/DAI. About DAI and MKR One of the biggest hindrances to crypto’s mainstream recognition as currency is the volatile pricing. The Maker DAI is a stablecoin anticipated to address this volatility. CEO Rune Christensen founded MakerDAO. He uses a different way to stabilize DAI utilizing its proprietary MKR token. It’s an exciting approach that closely accompanies fractional-reserve banking, in which a bank is only needed to hold a portion of its deposit liabilities. Except the guaranteed backing DAI isn’t the US dollar or any other fiat currency, it’s Ethereum, and the whole system is created on blockchain technology and a smart contract ecosystem.   MKR And DAI MKR is an ERC-20 token based on the Ethereum blockchain and cannot be mined. It’s alternately created/destroyed in response to DAI price fluctuations to keep it hovering around USD 1. MKR is applied to pay transaction fees on the Maker system, and it collateralizes the system. DAI is seldom worth exactly $1 – it typically hangs between $0.98 and $1.02. Instead of mining, it’s distributed by purchasing a collateralized debt position (CDP), Maker’s smart contracts that work as a loan. Once the loan is paid off along with MKR fees, the DAI is destroyed as the smart contract is achieved. To purchase the DAI stablecoin, users require to convert ETH to wrapped Ethereum (W-ETH). It is how decentralized exchanges like 0x enable exchanges between ETH and tokens on the Ethereum blockchain. Both tokens can be saved in any wallet that supports ERC-20. The Maker system looks complicated, but in theory, it works, and the smart contract tech has more extensive world applications. The DAI stablecoin could defend people and institutions related to fiat currency fluctuations and hyperinflation. The post KuCoin Crypto Exchange Proudly Announcing the Listing DAI Stablecoin and Maker (MKR) appeared first on Live Bitcoin News.
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Prosecutors Call for Ten Year Jail Term for Karpeles Over Mt. Gox Embezzlement

Mark Karpeles, the CEO of Mt Gox, is currently being accused of embezzlement by Japanese authorities. The prosecutors of the court case are seeking a 10-year sentence for the ex-CEO, which commanded the now-defunct Mt Gox exchange. This comes in the midst of the extension announced for civil rehabilitation claims. Japanese prosecutors say as much by alleging that Mark Karpeles's actions "played a great role in totally destroying the confidence of Bitcoin users. The actions in question are that he allegedly embezzled a total of 341 million yen (US$3 million) of customer funds from the Mt Gox account, moving it to his personal account between September and December 2013, while padding the numbers on his company's trading system to cover up the loss. Karpeles has sworn his innocence and says the money, moved in the last four months of 2013, was meant to serve as only a temporary loan. He also argued, earlier in the trial, that the funds in question did not belong to clients but were his now-defunct company’s revenue. In response to the former CEO’s statement, the prosecutors at the court said: There was no documentation of loans, and there was no intention of paying back the money. The prosecutors went further to demand a harsh sentence for Karpelès. According to the Japanese prosecutors, the Mt. Gox Chief betrayed his clients’ confidence and misused most of their funds. The ex-CEO is currently confined to Japan as a condition of his bail and has been answering in freedom. He has often protested his innocence and publicly appealed to the industry. It remains unknown when the trail will conclude, the publication added.
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Tezos [XTZ] Story – XTZ and Waves Highest Gainers

As many crypto enthusiasts have started to notice, there is a slight attempt by the bulls to get Bitcoin – BTC against the US Dollar up back on its feet. Read: Bitcoin (BTC) Price Analysis: Are Bulls Back on Their Feet? Bitcoin bull Mike Novogratz insists that bitcoin won’t fall to the $80 level despite signs that the bear market could persist. In an interview with Bloomberg, he reiterated that bitcoin will become digital gold and that revolutions don’t happen overnight. If the supportive trend line starts to gain momentum and hold-off any waves of bears that tend to tank the value downward, a ripple-effect could present itself impacting all following altcoins as the pioneer cryptocoin always does. Among the top 20, the highest gainer in the last 24-hours without a doubt is Tezos [XTS]. Per time of writing, the pair XTS/USD is changing hands at $0.4197 – marking an increase of 13.23%. Source: coinmarketcap Tezos for starters – During one of the most successful and largest ICOs ever held – Tezos Foundation raised over $232 mil bringing a new cryptocurrency in the market. During a contact made by Reuters to the president of the foundation it was confirmed that its MainNet was set to launch on the 14th of Sep, 2018. #Breaking @millervalue #ValueInvesting #Crypto #Bitcoin #Cryptocurrency project #Tezos to launch main #network next week:… https://t.co/nqOY185XCh — John M. Spallanzani (@JohnSpall247) September 14, 2018 What is Tezos (XTZ)? Tezos is a decentralized computing platform for Turing-complete smart contracts. Tezos has three key features. (1) “Liquid Proof-of-Stake” consensus – there is a relatively low barrier to consensus participation and delegation is not required. (2) Smart contract verification – Tezos invented the Michelson programming language that allows formal proofs of contract properties for better contract security. (3) On-chain governance – all aspects of governance are contained in the platform: voting on proposed protocol upgrades, paying developers and implementing the upgrades. – Via Kraken’s blog post – Kraken Listing XTZ Blog Post Right on its tail is Waves which is welcoming a daily price hoist of 10.01% against the US Dollar reaching the mark of $1.85. Its beginning of December price surge as it seems is still continuing. The reason for this trend was the recent announcement of the release of a significant update to the mobile wallet. We are excited to announce a long-awaited update of the #Waves Mobile app! Deposit, store and withdraw your #crypto securely, trade your assets on DEX, lease your $WAVES — everything is now available right on your smartphone! Read more about it here: https://t.co/5Qp7YKTa8r pic.twitter.com/y5hsCXj2GV — Waves Platform (@wavesplatform) December 3, 2018 The post Tezos [XTZ] Story – XTZ and Waves Highest Gainers appeared first on Ethereum World News.
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