MakerDAO Bets Big on Auction to Plug $4 Million Debt Hole

Leading Defi firm MakerDao is reeling from the recent sharp drop in ETH price. Consequently, it will pursue an MKR auction in two days to plug a $4 million debt it has incurred during the crash. MakerDAO Community Vote However, the firm has called for a March 13 community vote before going on with the planned auction. According to the announcement the vote will decide on the necessary modifications occasioned by ETH's spectacular fall out.  The $4 million under-collateralized debts…

The Belgian Government to Put up Confiscated Bitcoin on Auction

Over €110,000 worth of confiscated bitcoin and other cryptos are to be auctioned by the Belgian Government. An announcement issued on Friday set this auction's date as the 24th of March 2020 at noon GMT. The duration of the auction shall be 24 hours, being online to enable this. About the Bitcoin Auction For the auction, crypto lots shall range from 0.25 bitcoin to 1 bitcoin. Bitcoin Cash and Bitcoin Gold are the other cryptocurrencies that will also be auctioned.…