100-Year-Old Pennsylvania-Based Bank Approved to Leverage Makerdao’s Stableco...
Makerdao, the decentralized autonomous organization (DAO) that issues the stablecoin DAI, approved a governance proposal that provides “collateral integration from a U.S.-based bank.” The Makerdao governance proposal passed by a majority vote of more than 87%, and it gives the U.S. financial institution Huntingdon Valley Bank the means to leverage a stablecoin vault. Huntingdon Valley Bank to Use Makerdao’s Stablecoin Vault System With Off-Chain Loans — RWA-009’s Initial Debt Ceiling Is $100 Million According to a Makerdao governance poll....
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The University of Pennsylvania confirmed today it still holds part of a $5 million donation it received earlier this year in Bitcoin.
The Maker Protocol could extend yet another arm into the traditional finance space if a proposed integration with a Pennsylvania-based bank passes this week. MakerDAO is voting on a proposal that will bring a traditional bank into its ecosystem for the first time, allowing the bank to borrow against its assets using decentralized finance (DeFi).Currently 83% of voters are in favor of the proposal. Voting ends at 12pm ET on July 7.The proposal involves creating a vault with 100 million Dai (DAI) for Huntingdon Valley Bank (HVB) as part of a new collateral type in the Maker Protocol.This....
CoinOutlet's ATMs will soon be inhabiting Pennsylvania. At 6:00 PM EST 11/14/14, Bitcoin ATM service Coin Outlet will officially open a Bitcoin ATM to the public at Four54 Grill in Lancaster, Pennsylvania. This is the first Bitcoin ATM in Pennsylvania. Coin Outlet CEO Eric Grill will be in attendance to showcase the new ATM and help people use it. Leigh Menkes, owner of Four54 Grill, pronounced that everyone should "come down to the best burger joint in town on Friday, and bring your Bitcoin wallet!" You can head out to the event tonight; it will be held at 6 PM EST at Four54 Grill, 454....
The Bank of Spain, the central bank of the country, has recognized the first cryptocurrency platform that will be able to operate and provide officially approved services in the country. The first exchange to receive this approval was Bit2me, which is now approved to act as a virtual asset service provider (VASP). While this is the first platform approved, others will have to complete the lengthy process established in the law to serve Spanish users.
Spain Starts Licensing VASPs
The Bank of Spain approved the first platform to act officially as a recognized virtual asset service....
The University of Pennsylvania received a $5 million donation in bitcoin to support financial innovation at its Wharton business school.