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$20M Stolen from DeFi Project Pickle Finance

13 hours ago 1 minute read 1 comment Abhimanyu Krishnan

A hacker has stolen nearly $20 million from DeFi protocol Pickle Finance, according to an official statement on Nov. 22. The hacker had drained 19,759,355 DAI from the pDAI PickleJar (forked versions of Yearn Finance vaults) on Nov. 21  The team con...

CipherTrace Files Another Patent for Monero Tracing Technology

15 hours ago 1 minute read 1 comment Abhimanyu Krishnan

Blockchain intelligence firm CipherTrace has filed its second patent for tracing Monero (XMR) transactions, according to an official announcement published on Nov. 20. Called “Techniques and Probabilistic Methods for Tracing Monero”, Ciphertrace’s n...

KuCoin Resumes Withdrawal Services Nearly 2 Months After Hack

16 hours ago 1 minute read 1 comment Abhimanyu Krishnan

According to a blog post published on Nov. 22, KuCoin has resumed deposit and withdrawal services on the exchange following the $281 million hack it suffered in Sep. 2020.  Deposit and withdrawals on the platform have resumed, but some tokens have a...

Pantera Raises $5M for Bitcoin Fund

16 hours ago 1 minute read 0 comments Abhimanyu Krishnan

Blockchain investment firm and hedge fund Pantera Capital has raised $5 million for a Bitcoin Fund according to a form D filing with the US SEC dated Nov. 20. The filing shows that Pantera had amassed another $5 million, bringing its total funds rai...

Vitalik Digital Art Sells for $141K

17 hours ago 1 minute read 1 comment Abhimanyu Krishnan

Digital artwork of Vitalik Buterin, a piece titled “EthBoy”, has sold for 260 ETH or roughly $141,000 on digital art marketplace Async Art on Nov 22. Artists Trevor Jones and Alotta Money created the artwork using a special form of Non-fungible Toke...

Filecoin Already Has 1 Exabyte of Storage Capacity

20 Nov 2020 1 minute read 15 comments Abhimanyu Krishnan

Decentralized storage network Filecoin has surpassed 1 exabyte of storage capacity on the network, according to Protocol Labs CEO and founder Juan Benet, who spoke to Decrypt. Benet revealed that the network had reached 1 exabyte of storage since th...

Goldman Sachs Predicts that China’s CBDC Will Have 1B Users by 2030

20 Nov 2020 1 minute read 6 comments Abhimanyu Krishnan

Multinational investment bank Goldman Sachs, in a report made public on Nov. 17, said that it expects China’s digital yuan CBDC to reach 1 billion users within 10 years. According to the report, the digital yuan would reach 1 billion users and accou...

US SEC Chairman: Bitcoin is rising because of payment inefficiencies in current systems

20 Nov 2020 1 minute read 1 comment Abhimanyu Krishnan

US Securities and Exchange Commission (SEC) Chairman Jay Clayton, in an interview with CNBC’s Squawk Box on Nov. 19, said that Bitcoin was rising because of inefficiencies in current payment systems. Clayton was asked about his viewed on Bitcoin, in...

Aave Introduces Two New Governance Proposals

20 Nov 2020 1 minute read 1 comment Abhimanyu Krishnan

Decentralized lending protocol Aave introduced two new governance proposals on Nov. 18, aimed at funding governance decisions and preparing for the transition into Aave V2. Aave Improvement Proposals (AIPs) 2 and 3 have been officially submitted for...

Axie Infinity Raises $860K in Token Sale

20 Nov 2020 1 minute read 0 comments Abhimanyu Krishnan

NFT-based crypto game Axie Infinity has raised $860,000 in a sale for its governance token, AXS, on Nov. 19. Participants in the sale include Delphi Digital, Arca and Sparq; the AXS token is currently above $0.50, up 400% from its launch value Axie...