Lawyers for FTX’s disgraced former boss, Sam Bankman-Fried (SBF), have reached an agreement with prosecutors allowing him to contact certain FTX employees. Besides certain restrictions, the 30-year-old may contact such parties through a host of new mediums. The New Rules Updated terms surrounding Bankman-Fried’s contact restrictions were sent to Lewis A. Kaplan – a judge for the Southern District of New York – in a letter on Monday. Bankman-Fried’s lawyers said the updated conditions were a response to the government…
MakerDAO
Dai Stablecoin Exaplained
Dai is a decentralized stablecoin pegged to the U.S. dollar's value. It is built on the Ethereum blockchain and is created and managed by a decentralized autonomous organization (DAO) called MakerDAO. The value of DAI is maintained through a system of collateralized debt positions (CDPs) and a dynamic system of collateral auctions. Users can create Dai by depositing cryptocurrency as collateral into a CDP and then borrowing Dai against the value of that collateral. The value of the collateral is…
Block Education 
@BlockEducation
@BlockEducation
4 weeks ago 
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What is MakerDAO (MKR)?
MakerDAO is a decentralized autonomous organization (DAO) built on the Ethereum blockchain that aims to provide a stable coin called DAI, which is pegged to the value of the U.S. dollar. The core component of MakerDAO is a system of smart contracts that governs the creation and redemption of DAI. Users can "lock up" ether (ETH), the native cryptocurrency of the Ethereum network, as collateral in the system, and in return, they can mint an equivalent value of DAI. The…
Block Education
@BlockEducation
@BlockEducation
4 weeks ago 99 views
