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MakerDAO Consider Depegging DAI to the Dollar

The co-founder of MakerDAO published a post reflecting on the future of cryptocurrencies in light of sanctions and politics. The key message of the post is that the DAI stablecoin has no choice but to abandon the dollar peg. And also to strengthen decentralization.

Christensen is confident that the impact of government policies and sanctions on the MakerDAO protocol needs to be urgently reduced. His proposal includes changing the structure of the RWA (Risk-weighted asset) and reducing the percentage of dollar collateral. This means that the rate of the stablecoin will become “floating”. But so far, the MakerDAO co-founder is not proposing or voicing any concrete action.

NFTs can now be added to Facebook and Instagram at the same time

Meta by Mark Zuckerberg continues to improve settings for working with NFT digital collections. Now art tokens can be simultaneously downloaded on two platforms, Instagram and Facebook. That is, it will most likely be much more convenient to work with NFT.

You just need to connect your crypto wallet to any program once and share it on both platforms at once. At the moment, the company uses three crypto-wallets for work - Rainbow, MetaMask and Trust Wallet. Social networks do not yet charge a fee for posting or sharing art tokens.

Crypto.com accidentally transferred $10 million to an Australian client instead of $100

The error that occurred was noticed only 7 months after the audit, when the audit was carried out. During this period, the woman managed to buy a mansion for $ 1.35 million, and her daughter - an apartment worth $ 430 thousand.

Cryptocom has filed a lawsuit demanding the return of the funds. After several months of hearings, the court ordered the Australian to sell the mansion and return $1.35 million to the crypto exchange. The fate of the rest of the money will be decided at the next hearings.

US requires crypto exchanges to provide information on combating fraud

The US Congress initiated an investigation into the facts of fraud in the crypto sphere in the amount of $ 1 billion. In this connection, a request was sent to all major cryptocurrency exchanges to provide detailed information. They were also charged with suspicion of "inaction", as well as delay in identifying such crimes. Crypto exchanges must provide all data by September 12th.

Coinbase, Binance US, Kraken, FTX, and Kucoin received requests for reporting, anti-fraud practices, and all related documentation . In case of non-compliance with the requirement, the US authorities will impose sanctions against the company that ignored the requirement.

Raja Krishnamurthy, head of the economic and consumer policy division of the House Committee on Oversight and Reform, said:

“This year alone, the level of losses in the field of cryptocurrencies from the actions of criminals exceeded $1 billion.”

Argentine province of Mendoza introduces payment of taxes with cryptocurrencies

Now 2 million residents of the province will be able to pay tax deductions using DAI and USDT stablecoins. To make a payment, you need to go to the government website, select the type of payment and generate a QR code. The user then only needs to scan the QR through their crypto wallet and confirm the transaction. Stablecoins are converted into pesos at the current rate.

Ethereum Merge Update

In mid-September, Ethereum Merge will be updated, as a result of which there will be a transition to Proof-of-Stake (PoS) consensus. On the eve of a significant event for everyone, the activity of both large and small ETH addresses has increased significantly on the network.

According to the most conservative estimates, about 70,000 new addresses are registered on the network per day, on average, according to the EtherScan service. Such high activity has been observed throughout the last month and has intensified in recent days.

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CoinShark is not responsible for any content, accuracy, quality, advertising, products or other content posted on the site. The article is for informational purposes, based on information from open sources and is not a proposal for action. The financial market is dangerous and full of risks, investments in cryptocurrencies can lead to losses. Users should do their own research and analysis before taking any action.

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