Firefox Quantum, the latest version of open-source internet browser Firefox, has a new privacy toggle that protects against cryptojacking, according to a blog post by Mozilla on May 21. Mozilla previously warned official blog post that websites can deploy scripts that launch a crypto miner on a user’s machine without them being aware — a practice known as cryptojacking. To combat these exploitative practices, Mozilla partnered with online privacy company Disconnect to create a crypto mining blocker for their browser. Users can now toggle an opt-in feature, that purportedly blocks would-be cryptojackers from taking advantage of spare computing power to mine cryptocurrencies. Mozilla initially announced that it would block cryptojacking in new browser releases in August 2018. As per a report by Cointelegraph, Firefox featured cryptojacking protection in its Firefox Nightly 68 and Beta 67 versions this April, just prior to the launch of Quantum. Firefox Quantum also aims to mitigate the practice of so-called “fingerprinting,” which makes a sort of digital fingerprint of a user that is employed to monitor their activities on the internet. Cryptojacking at the consumer level was called “essentially extinct” by cybersecurity company MalwareBytes on April 23. According to the report: “Marked by the popular drive-by mining company CoinHive shutting down operations in early March, consumer cryptomining seems to have gone the way of the dodo. Detections of consumer-focused bitcoin miners have dropped significantly over the last year and even from last quarter, while business-focused miners have increased from the previous quarter, especially in the APAC region.” According to the report, consumer malware detections have gone down by approximately 40%. Businesses, however, are being targeted more heavily by cryptojacking attempts, with Business detections increasing by about 7% during the first quarter of 2019.

MakerDAO token holders have again voted to increase fees charged to those taking out programmatic loans on the blockchain through its U.S. dollar-backed ethereum stablecoin DAI.

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The fourth and largest fee hike to the DAI “Stability Fee,” users who take out loans with MakerDAO to generate new DAI will soon be required to pay a 7.5 percent fee when closing out the loan.

As explained in the MakerDAO white paper, the Stability Fee “is an annual percentage yield that is calculated on top of the existing debt” and funneled into a smart contract called the “Burner.”

No funds can be moved from the Burner contract and all MakerDAO tokens (MKR) held within it are destroyed. The purpose of the fee is strictly to address imbalances in supply and demand of the DAI token that cause its valuation to stray away from the dollar.

Yet, since February, DAI’s valuation has persistently fallen short of $1, and as MakerDAO’s head of trading Joseph Quintilian noted during a governance call last Thursday, over-the-counter trading for the DAI persists between the $0.95 and $0.99 range.

During Thursday’s scientific risk and governance call, risk management lead at the MakerDAO Foundation Cyrus Younessi highlighted that last week there was an initial boost to DAI market price – likely as an outcome of the 2 percent increase to the Stability Fee – but prices again have retracted to below the targeted $1 valuation.

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Source: https://dai.stablecoin.science/

By raising fees, MakerDAO token holders hope to cause a contraction to the DAI supply relative to the continued demand and thereby push the dollar peg up to a steady $1 valuation.

Quintilian explained during today’s call:

”A lot of the [trade] inventories are saturated right now. All of the inventories are complaining we have way too much DAI [in circulation].”

Looking ahead, MakerDAO token holders will vote to ratify the decision and execute the 4 percent Stability Fee hike into the protocol. During last week’s executive vote to implement a 2 percent fee raise, MKR holders were able to ratify the increase in roughly 10 hours with a total of 37 votes.

Having concluded the first round of voting with roughly 40,700 MKR tokens staked in support of the proposal today, the executive vote will be launched tomorrow at 17:00 (UTC).

About this initial round of polling, Richard Brown – head of core community at the MakerDAO Foundation – noted today that “more active voters [participated] than the previous executive vote we had.”

In addition, he highlighted that a total of 73 percent of voters who staked MKR tokens voted in favor of the 4 percent raise. Of the total MKR tokens staked, 75.6 percent were staked in favor of the 4 percent raise.

“There’s this interesting alignment of Maker tokens staked and number of people involved…We’ve seen a good distribution of people signaling regardless of whether they are a whale or not, which implies we have a healthy [voting] system,” said Brown before the governance poll officially closed.

Looking ahead to the executive polling, Younessi said:

“We did see a slight drop off in the DAI supply [as of late] which is a positive sign. One of the few positive signs we’ve seen … It will be interesting to see if that trend continues when the executive polling runs.”

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