MakerDAO Will Not Compensate Vault Owners For March Liquidations – September 23

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $10,516

Bitcoin price has bounced back to the $10,500 mark yet again from local lows, as price fails to fall past $10,400 support.

Top-20 altcoins are looking healthier today, as Ethereum and XRP remain almost unchanged, while Bitcoin SV gains 6% and Neo surges 9%.

Top Stories for September 23, 2020 πŸ”₯

πŸ‘‰ MakerDAO Will Not Compensate Vault Owners For March Liquidations

MakerDAO users have voted against compensating vault owners for losses from liquidations triggered by the market crash in March this year.

The market crash caused many vaults – which back the Dai stablecoin – to rapidly become under-collateralized and liquidated at outlandishly low prices.

Only 38 Maker (MKR) token holders participated in the vote, with 65% voting against compensation to the affected vault holders.

πŸ‘‰ Robinhood Trading App Raises $660M in Series G Funding

Popular trading app Robinhood has raised a significant $660 million in Series G funding, from notable investors including crypto investment company Andreessen Horowitz.

The app company, which allows the trading of some cryptocurrencies, plans to use the money to implement cash management and recurring investment features, as well as improve customer experience.

πŸ‘‰ Leaked Telegram Messages Bust ETH Influencers Planning to “Dump” on Investors

Screenshots of a private telegram group consisting of Ethereum-based influencers have revealed plans to “dump” new cryptocurrency tokens on unsuspecting investors.

The project, known as “FEW”, airdropped tokens to those in the group and appear to make plans to “pump” the near-worthless token for the sole intention of profiting via selling the coin to others.