A new vault launched on yearn.finance is being credited for finally restoring the peg of Dai (DAI), the algorithmic stablecoin of the MakerDAO (MKR) project. As Cointelegraph previously reported, Maker had struggled with maintaining a strict $1 peg for DAI since the start of the yield farming wars in June. Though it’s had ups and downs, the price of DAI consistently hovered around $1.02 in the past 30 days. As of press time, the price…"Maker community thanks yEarn for seemingly restoring DAI peg"
WASHINGTON—President Trump would press forward with efforts to ease regulatory burdens on business if re-elected for a second term, while working to ease bottlenecks that have delayed Superfund cleanup projects, U.S. Environmental Protection Agency administrator Andrew Wheeler said. In an interview with The Wall Street Journal, Mr. Wheeler said a second term for the Trump administration would allow his agency to implement additional measures such as including a cost-benefit analysis of any new regulations. ……"Trump Will Roll Back More Regulations if Re-Elected, EPA Chief Says"
The interest rate that European banks use to lend among themselves dropped to a record low this week in a sign of how credit markets have been distorted by central banks’ aggressive measures this year. The euro short-term rate, known as €STR, slipped to minus 0.555% Wednesday, from minus 0.539% at the beginning of the year. On Monday, the cost of overnight lending operations between the banks dropped to minus 0.557%, the lowest it has…"Excess Money Sees European Banks Spurn Short-Term Borrowing"
BRÜSSEL (dpa-AFX) – Die EU reagiert zurückhaltend auf Forderungen nach schnellen neuen Russland-Sanktionen wegen der Vergiftung des Kreml-Kritikers Alexej Nawalny. Solange man nicht wisse, wer verantwortlich sei, sei es schwierig, über Strafmaßnahmen zu sprechen, sagte der Sprecher des EU-Außenbeauftragten Josep Borell am Donnerstag. Man verlange von Russland, den Fall in transparenter Weise aufzuklären Ob die EU auch reagieren könnte, wenn sich herausstellt, dass die Ermittlungen nicht transparent und unabhängig durchgeführt werden, ließ der Sprecher offen.…"Fall Nawalny: EU will Sanktionsdebatte erst nach Ermittlungen | Nachricht"
The coronavirus has infected more than 26 million people around the world so far, killing at least 863,500 people. Source link"Coronavirus live updates: Singapore reports new clusters; Fulgent shares soar on NYC testing partnership"