[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
What are the alternatives to CoinMarketCap
After the announcement of the purchase of Coin Market Cap by the platform for trading and buying Binance crypto, a ...
Without rubric
Elon Musk confirmed that the Russian ransomware program was aimed at Tesla
Elon Musk confirmed that Tesla was recently attacked in order to extort $ 1 million in Bitcoins from the automaker. ...
analytics
The cryptocurrency market is on the move
If the price of Bitcoin is at the center of all current discussions, then the ETH price also continues to ...