KNC and ZRX Added as Collateral Options for Maker’s DAI – July 1

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $9,148

Bitcoin price has once again remained stable over the last 24 hours, with price failing to hold below the $9,100 mark on multiple tests of short-term support.

Top-20 altcoins mostly remain unchanged, with Ethereum moving less than 1%, XRP falling 1%, and Stellar once again being the biggest mover with a 3% rise.

Top Stories for July 1, 2020 πŸ”₯

πŸ‘‰ KNC and ZRX Added as Collateral Options for Maker’s DAI

Kyber’s KNC and 0x Protocol’s ZRX tokens have been added as collateral options on Maker’s DAI loan platform, following a successful Executive Vote.

Both tokens require a larger liquidation ratio than other accepted assets, due to their higher volatility compared to those such as WBTC or USDC.

Kyber has also recently made headlines for its upcoming Katalyst protocol update, which is set for July 7th.

πŸ‘‰ Beijing Sets Up Plan and Fund to Become a Blockchain Hub by 2022

Beijing’s municipal government has recently announced a plan to become one of the first cities in China to become completely integrated with blockchain applications, by the year 2022.

The plan also involves a special fund, which will be used to invest into blockchain projects and guide them to public listing.

πŸ‘‰ US Senate Banking Committee Hearing Explores CBDC

The Senate Banking Committee’s hearing on Tuesday featured multiple blockchain-oriented expert witnesses, exploring the case for a US central bank digital currency (CBDC).

The hearing covered the need for the US dollar to remain competitive, as well as financial inclusion and the state of current financial architecture.

Eight out of 25 senators on the committee asked questions, with none explicitly rejecting the ideo of a CBDC.