Stablecoins Becoming the Hottest Investment in Cryptocurrency Market

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The crypto space is constantly evolving and one of the most recent crazes is that of stablecoins. Bitcoin was experiencing dramatic price fluctuations over the past twelve months. In fact, it almost reached highs of $20,000 at the end of 2017, before plummeting to $6,500 less than a year later. The stablecoin, as the name … Continue reading “Stablecoins Becoming the Hottest Investment in Cryptocurrency Market”

Andreessen Horowitz: $15 Million Invested in Stablecoin

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Prominent venture capital firm, Andreessen Horowitz just invested $15 million in Maker DAO (MKR), a stablecoin built on the Ethereum blockchain. MakerDAO The firm stands behind ETH-based stablecoin, Dai (DAI) in addition to it decentralized credit system.  Reportedly, DAI is pegged to U.S. dollars, but collateralized by ETH. DIA users can generate coins by locking … Continue reading “Andreessen Horowitz: $15 Million Invested in Stablecoin”