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Maker (MKR) Holders Granted More Opportunities by Coinbase Custody: Details

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    Maker (MKR) holders can now participate in on-chain governance by using Coinbase Custody

Cover image via news.u.today

The holders of Maker (MKR) who use Coinbase Custody have been given an opportunity to participate in on-chain governance without withdrawing their holdings. Hence, it eliminates the risk related to moving an asset from cold storage.    

The San Francisco-based cryptocurrency exchange, which successfully ventured into custody last year, has announced that MKR owners will be able to cast a vote directly from their accounts. 

"Coinbase Custody is fast becoming critical infrastructure for the cryptoeconomy. Governance is another step in our journey to give our clients the platform they need to fully engage with the emerging crypto asset class." 

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Prior to that, Coinbase Custody announced staking support for Tezos (XTZ) on Mar. 29. The Brian Armstrong-led company announced that it would also add MakerDAO. 

As reported by U.Today, Coinbase now controls about five percent of the total Bitcoin supply after acquiring Xapo and receiving a whopping $3 bln worth of crypto from Grayscale. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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Bitcoin Price Likely to Decline to $7,800: Crypto Analyst

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    Bitcoin is to find support at $7,800 or recover to $8,300, an analyst writes, but either way ‘continuation of the ranging on either of the levels is going to occur’

Cover image via www.123rf.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Over the last few days, Bitcoin has been trading below the $8,500 area. At the moment, it has recovered to $8,258 after the recent slip below the $8,100 level.

Analysts have been bullish on BTC in the long run, however, the nearest BTC price movements are expected to be bearish.

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The crypto analyst @CryptoMichNL believes that there are two paths ahead of Bitcoin at the moment. If it fails to recover to $8,300, he says on his Twitter page, then the market should be ready for the flagship coin to drop and find support at the $7,800 or $7,300 levels.

Whichever way it goes, ‘continuation of the ranging on either of the levels is going to occur’.

The analyst tweeted this forecast twice with an hour pause.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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