Bitcoin 

Repo Market Meltdown Shows Bitcoin’s ‘Systemic’ Stability: Caitlin Long

Wyoming Blockchain Coalition president Caitlin Long has responded to the recent unrest in the money markets by analyzing the systemic fragility of the traditional financial sector as compared with Bitcoin (BTC). In a Medium blog post published on Sept. 25, Long made the argument that “at a systemic level, the traditional financial system is as fragile as Bitcoin is antifragile.” Damage “control” Writing in the wake of last week’s weakness in the repo markets — which prompted the Federal Reserve to temporarily inject $75 billion in cash to keep rates…

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Cryptocurrency 

ECB Questions Stablecoin Stability Amidst Regulatory Uncertainties

Stablecoins are not immune to uncertainties. Those are the sentiments shared by the European Central Bank (ECB). According to the regulator, stablecoin stability could be hampered by the uncertainties stemming from the lack of regulations. Uncertainties The fact that regulatory pressures do affect fiat currencies is one of the tailwinds that could take a toll on the stability of stablecoins. For instance, these coins pegged on fiat currencies, such as Tether (USDT), are always subject to volatility in line with regulatory policies instituted by the FED to protect the dollar. The…

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Ethereum 

Cryptos Are Not a Threat to Financial Stability

Central Bank of Germany representative Burkhard Balz said that cryptocurrencies do not pose a threat to financial stability during a talk at the European Parliament reported a post published on the institution’s website on July 9. Burkhard Balz, Member of the Executive Board of the Deutsche Bundesbank, stated that “crypto-tokens currently do not pose a risk to monetary or financial stability.” Furthermore, he also noted that “gaps may occur where they fall outside the scope of regulators’ authority or where there is an absence of international standards.” This idea is…

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Blockchain 

Proposal to Lower DAI Stability Fee by 2% Executed

The decision to lower the so-called stability fee for MakerDAO’s Ethereum blockchain-based decentralized stablecoin DAI by 2% has been executed on May 28. The original vote for Maker (MKR) token holders was announced on the organization’s blog on May 17, with a proposal to decrease the stability fee by 2% to 17.5% per year. According to the announcement, the need to decrease the fee was discussed during the MakerDAO governance call that took place on May 16. However, the proposal originally failed, as it did not get the number of votes required to reach…

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Blockchain 

Low Turnout Hinders MakerDAO Vote to Decrease Stablecoin Stability Fee by 2%

The vote to decrease stability fee for MakerDAO’s Ethereum blockchain-based decentralized stablecoin Dai has failed, according to the voting results published on May 20. The vote about whether to decrease the fee by 2% to 17.5% per year started yesterday, May 19. MakerDAO is looking to change the yearly stability fee in an attempt to improve the token’s peg to the U.S. dollar after its exchange price has been hovering above $1. The stability fee is a charge levied by Maker participants when DAI is used for loans. Voters failed…

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Ethereum 

MakerDAO Token Holders Vote on Whether to Lower DAI Stability Fee by 2%

A vote about whether to decrease the so-called stability fee for MakerDAO’s ethereum blockchain-based decentralized stablecoin DAI has started. The vote was announced on the organization’s blog on May 17. If approved, the latest proposal would decrease the stability fee by 2% to 17.5% per year. According to the announcement, the need to decrease the fee was discussed during the MakerDAO governance call that took place on May 16. MakerDAO is looking to change the yearly stability fee in an attempt to improve the token’s peg to the U.S. dollar…

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Ethereum 

MakerDAO Token Holders Vote About Whether to Raise DAI Stability Fee by 3%

Another vote about whether to raise the so-called stability fee for Maker’s ethereum (ETH)-based DAI decentralized stablecoin by 3% has started on the governance portal of the Decentralized Autonomous Organization (DAO) on April 19. MakerDAO, which issues the USD-pegged aforementioned algorithmic decentralized stablecoin, is seeking to improve the token’s peg by increasing the yearly stability fee. The stability fee is a charge levied by Maker participants when Dai is used for loans. In March, the DAO already raised the stability fee twice, first to 3.5%, and then to 7.5% per year.…

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Ethereum 

MakerDAO Vote to Raise DAI Stablecoin Stability Fee by 4% to 7.5% per Year

Users of Decentralized Autonomous Organization (DAO) MakerDAO (MKR) have voted to raise the so-called stability fee for Maker’s DAI (DAI) stablecoin by 4 percent, according to the results of a recent poll completed on March 21. The firm announced on Thursday that users had voted yes to the proposal to increase the stability fee by 4 percent, from 3.5 percent to 7.5 percent. The reasons provided by the post are that the DAI’s exchange persists under one dollar, high inventory levels among market makers and prop desks, and insufficient impact…

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Bitcoin 

Growth of Crypto Industry Could Threaten Banks, Financial Stability: Basel Committee

International banking authority the Basel Committee on Banking Supervision (BCBS) has issued a warning statement on crypto assets on March 13. The BCBS is a committee of banking supervisory authorities hosted and supported by the Switzerland-based Bank for International Settlements (BIS) —  an organization made up of 60 of the world’s central banks In today’s statement, the committee warned that the robust growth of the crypto industry could potentially “raise financial stability concerns and increase risks faced by banks.” The committee noted the risks were present despite the crypto market’s…

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Ethereum 

Bitcoin Enters Sixth Day of Stability as Analysts Predict Mixed Mood in Asian Markets

Monday, March 11: Bitcoin (BTC) led a broadly stable start to trading in cryptocurrency markets today, with the largest cryptocurrency barely moving over the weekend. Market visualization from Coin360 Data from Coin360 and CoinMarketCap confirmed the continuing stability for Bitcoin and many major altcoins on Monday, with BTC/USD down around 0.15 percent to trade around $3,900. The area just below the $4,000 price point has proven attractive for Bitcoin for the past five days, ever since it entered from trading closer to $3,700. As Cointelegraph reported, cracking $4,000 has proven…

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