Since Terra began blowing up, DAI, the five-year-old overcollateralized stablecoin overseen by the MakerDAO community, has held its peg and carried out liquidations of collateral in an orderly fashion overnight, which has been “a great test of the system,” said Luca Prosperi, a leader on lending oversight at MakerDAO.
DOJ Says Binance Founder Changpeng Zhao Should Spend Three Years in Prison
"In part because Zhao failed to implement an effective AML program at Binance, illicit actors used Binance’s exchange in various...