[vc_row][vc_column][vc_paragraph text=”Two days ago the vote was taken that added the opportunity to use wBTC, ERC20 token tied to Bitcoins at 1:1 rate for opening positions and generation of DAI on basis of the asset.“][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”Bitcoin is blocked in wBTC” size=”medium”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”As seen from the posting, the decision on the use of wBTC (wrapped BTC) was made after a series of threat assessments. “][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Currently there are 4 crypto assets than enable to generate DAI due to the possibility to have several collaterals, namely Ethereum (ETH), Basic Attention Token (BAT), USDC and the freshly approved wBTC.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”The procedure of wBTC storage launch is already initiated, and one can automatically generate wBTC by different partners.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Besides, traders who are unfamiliar with these tools or don’t want to waste time on wBTC generating, can always use exchanges like Kyber or Uniswap before setting up a storage.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Over 1000 BTC are currently blocked in wBTC amounting to almost $10 million. “][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”This would enable to increase both the volume of this token and the DAI, and will lead to more liquidity.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”This positive news has brought some confidence in Maker project especially after some users have contested the choice of stable coins like USDC.”][/vc_column][/vc_row]
analytics
UK FCA proposes changes to include cryptocurrency companies in AML reporting
[vc_row][vc_column][vc_paragraph text="Regulators in the UK, through their experience, are slowly trying to set rules for the cryptocurrency industry."][/vc_column][/vc_row][vc_row][vc_column][vc_heading title="The UK ...
Blockchain
Blockchain in electric power sector
Let's consider the possibility of using blockchain in the electricity sector. Let's analyze the features of the electricity power market, ...
News
US authorities introduce $5 million reward for the arrest of Petro cryptocurrency project manager
[vc_row][vc_column][vc_paragraph text="Law-enforcement agencies of the USA have added the Venezuelan manager of Petro Hoselit Ramires to the list of the ...