↑ Maker Faces Rebranding Controversies Despite Continued Innovation
Sky , previously known as MakerDAO , launched its USDS stablecoin on Solana. Simultaneously, several meme coins are under discussion as...
Recent news coverage reveals that EV maker Tesla has moved $770 million in Bitcoin to new wallets, the significance of which is currently unclear. In regulatory developments, both the Department of Justice (DoJ) and the Securities and Exchange Commission (SEC) have charged four alleged crypto market makers, including the meme coin 'market maker' Gotbit, with market manipulation. Similar charges have been laid against crypto market maker Cumberland DRW by the SEC.
On the mystery of Bitcoin's creator, an HBO documentary suggests developer Peter Todd is the elusive Satoshi Nakamoto, but the film does not provide definitive proof, leaving the identity of Nakamoto still under question. In other news, Shiba Inu, the popular meme coin, is seen to be up against Dogecoin and Tesla, as the car manufacturer announces support for SHIB payments. Meanwhile, Maker's decentralized finance lending protocol is set to rebrand to Sky ahead of the launch of its USDS stablecoin.
Grayscale has introduced an investment fund for **Maker Coin (MKR)**, a development which coincides with allegations that Maker's new stablecoin has a controversial 'freeze function'. As Maker rebranded to Sky and faces considerable criticism, its MKR token price risks dropping to $1200. However, whales have been accumulating $6 million MKR despite a 6% price jump, possibly signaling confidence in the token's future performance. Crypto content creator Campus (CCCC) has reportedly launched as an annual gathering for crypto influencers, while Royal Mint, UK’s coin maker, is turning e-waste into gold.
Maker Coin News Analytics from Wed, 13 Mar 2024 07:00:00 GMT to Wed, 16 Oct 2024 08:48:08 GMT - Rating -3 - Innovation 3 - Information 7 - Rumor 2
