Blockchain Bites: MakerDAO's Do or Dai Moment, Bitcoin in Africa, Dollar Trends Up

Publicado en by Coindesk | Publicado en

Sep 24, 2020 at 15:35 UTC.MakerDAO has voted not to compensate victims of the "Black Thursday" flash crash, a former Pantera partner is launching a new crypto-focused hedge fund and bitcoin may be headed to the doldrums as the U.S. dollar rises.

Bitcoin returns?For early bitcoin investors, like those at the maverick hedge fund Pantera Capital, heart pounding returns may seem like a thing of the past.

Its first bitcoin fund, opened in late-2013, has rallied by over 10,000%.

Paul Brodsky, a former partner at Pantera Capital, also appears skeptical that bitcoin will see another breakout rally.

Set to open in 2021 the fund is seeking high-risk, high-return blockchain investment opportunities, CoinDesk's Nelson reports.

Dollar-led doldrumsThe U.S. dollar is showing signs of life and a continued breakout could weigh over bitcoin, which surged amid the greenback's sharp sell-off this summer.

Bitcoin is currently trading at $10,320 - up nearly 2% from Wednesday's low of $10,140.

CoinDesk's Omkar Godbole reports the dollar and bitcoin are inversely correlated, meaning a rise in one might cause a downside in the other.

Parity Technologies is the developer of the Polkadot blockchain with ambitions for developing a Web 3.0, undergirded by a meshing of various blockchains running on a "Tooling kit" called Substrate.

The latest code update includes 70 composable "Modules" for blockchain architects to build and modules to bring off-chain data onto the blockchain.

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