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MakerDAO Makes Chainlink, Compound and Loopring Collateral

1 Oct 2020 1 minute read 10 comments Abhimanyu Krishnan

Decentralized stablecoin platform MakerDAO (MKR) on September 30 added support for Chainlink (LINK), Compound (COMP) and Loopring (LRC) to act as collateral to generate DAI. LINK, COMP and LRC can now be used as collateral in Maker Vaults The govern...

Japan's SBI eSports Team Given the Option to Be Paid in XRP

1 Oct 2020 1 minute read 0 comments Abhimanyu Krishnan

Japan’s SBI group will pay its eSports team in XRP, according to an official announcement made on September 30. The SBI e-Sports team signed a sponsorship contract with SBI VC Trade Co Team members will be given the option of being paid in fiat or X...

US Judge Says That Kik's Token Sale Violated Securities Law

1 Oct 2020 1 minute read 0 comments Abhimanyu Krishnan

On September 30, a U.S. district judge for the Southern District of New York ruled that messaging app KIK’s $100 million token sale held in 2017 violated securities law. The judge said that the KIK token met all of the criteria of the Howey test, wh...

Jack Dorsey Disagrees with Coinbase CEO's Apolitical Stance

1 Oct 2020 1 minute read 0 comments Abhimanyu Krishnan

Twitter and Square CEO Jack Dorsey has spoken up against Coinbase CEO Brian Armstrong’s letter to employees regarding the exchange’s apolitical stance on September 28.  In the open letter, Armstrong touched upon several topics, but the overall idea...

Binance Launches a Mix of MakerDAO and Compound on its Chain

30 Sep 2020 1 minute read 6 comments Abhimanyu Krishnan

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 8 comments Abhimanyu Krishnan

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 Abhimanyu Krishnan

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 Abhimanyu Krishnan

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 Abhimanyu Krishnan

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 Abhimanyu Krishnan

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...