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Binance Launches a Mix of MakerDAO and Compound on its Chain

7 hours ago 1 minute read 0 comments Abhi K

On September 28, Binance announced a new money market system called Venus that features a design that is a combination of both MakerDAO (MKR) and Compound (COMP). Binance first announced Venus in August 2019, saying that it aims to break “financial...

DeFi Community in Tears After Rushing Into Unaudited $EMN Contract

29 Sep 2020 1 minute read 3 comments Abhi K

DeFi enthusiasts on the lookout for the next hidden gem have been left burnt after investors of Eminence Finance (EMN token) have lost funds as a result of the protocol’s unaudited contracts. The EMN protocol was subject to a flash loan exploit whic...

Europe's Bitpanda Raises $52M in Series A Funding Round

29 Sep 2020 1 minute read 0 comments Abhi K

Cryptocurrency brokerage firm Bitpanda has raised $52 million in a Series A funding round, according to an announcement made on September 29. Venture capitalist Peter Thiel’s Valar Ventures led the investment round; additional investors include Aust...

Hacker Reshuffles Stolen Funds From KuCoin, Starts Selling

29 Sep 2020 1 minute read 1 comment Abhi K

The hacker(s) who stole $150 million Singaporean exchange KuCoin has begun selling his tokens via the decentralized exchanges, according to the latest information on September 28. The criminals behind the KuCoin hack are transferring funds via decen...

There is Only 11.9% of Bitcoin Left to Mine

29 Sep 2020 1 minute read 2 comments Abhi K

The Bitcoin (BTC) network has only roughly 11.9% BTC left to mine, or about 2.5 million Bitcoin, according to market analyst ChartsBTC, who tweeted about the milestone on September 27. 18.5 million BTC out of the total 21 million supply is currently...

Grayscale Now Owns Nearly 450,000 Bitcoins

29 Sep 2020 1 minute read 1 comment Abhi K

Digital asset management firm Grayscale Investments now owns 449,00 Bitcoins, after having purchased another large amount in the past week of September. Grayscale purchased 17,000 BTC in the last 7 days, bringing their total holdings to 449,000 BTC...

Bitcoin Has Been Above $10K Mark for More Than 64 Days

29 Sep 2020 1 minute read 1 comment Abhi K

On September 27, Bitcoin (BTC) set a new record that will keep bulls optimistic, having stayed above the $10,000 mark for more than 64 days, the longest it has done so since inception, according to data platform Messari.  Bitcoin was last below $10,...

DeFi TVL Now Beyond $11B, Ethereum Crosses $350

28 Sep 2020 1 minute read 0 comments Abhi K

The total value locked in the DeFi market is continuing its rapid growth, crossing $11 billion on September 28, according to data platform DeFiPulse. The DeFi market currently has $11.16 billion locked in, having recorded $10+ billion in the past we...

Willy Woo Says Crypto Will Lose Correlation to Stocks

28 Sep 2020 1 minute read 0 comments Abhi K

Cryptocurrency market analyst Willy Woo tweeted on September 25 that the cryptocurrency market will decouple from stock markets, as a result of internal BTC adoption. Woo predicts “startup style growth” as opposed to “changes in perceptions as a hed...

Chinese State Media Talks About Ethereum and DeFi

28 Sep 2020 1 minute read 1 comment Abhi K

Chinese state media broadcaster the China Central Television discussed Ethereum (ETH) and the DeFi space in a news segment on September 25, exposing the asset and DeFi applications to millions of viewers. The China Central Television news anchors sp...