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Coinbase Gets Ready For Its IPO

18 Dec 2020 1 minute read 13 comments Abhimanyu Krishnan

In a blog post published on Dec. 18, San Francisco-based exchange Coinbase revealed that it had filed documents with the United States Securities and Exchange Commission (SEC) to go public. Coinbase submitted a draft registration statement on Form S...

Nexus Mutual Hacker Wants 10x in Ransom

17 Dec 2020 1 minute read 8 comments Abhimanyu Krishnan

The hacker who targeted Nexus Mutual CEO Hugh Karp and stole $8.3 million has asked for a ransom of 4.5k ETH, or around $3 million, according to a message embedded in the Ethereum transaction. The embedded message reads “Hello Hugh. I will not sell...

FTX Ahead of Its Competition With Tokenized Weed Stocks

17 Dec 2020 1 minute read 5 comments Abhimanyu Krishnan

Derivatives exchange FTX has added a series of weed stocks to its tokenized stock offerings, CEO Sam Bankman-Fried revealed on Dec. 16. The five weed stocks that have been added are Tilray, Canopy Growth, Aurora, Cronos and Aphria; the stocks will b...

Aave Surpasses $2B in Total Liquidity

17 Dec 2020 1 minute read 1 comment Abhimanyu Krishnan

Decentralized lending protocol Aave (AAVE) has crossed $2 billion in total liquidity, the team announced on Dec. 17. Aave’s current liquidity is roughly $2.02 billion, rising approximately 8% in the last 24 hours The AAVE token has been of the handf...

Guggenheim CIO Says Bitcoin's Fundamental Value is $400k

17 Dec 2020 1 minute read 2 comments Abhimanyu Krishnan

Guggenheim CIO Scott Minerd, in an interview on Bloomberg TV on Dec. 17, said that fundamental analysis put Bitcoin’s value at $400,000. Minerd put the valuation at $400,000 after taking into account Bitcoin’s scarcity and the relative valuation of...

Bitcoin Reaches New ATH as Rally Blows Past $23k

17 Dec 2020 1 minute read 0 comments Abhimanyu Krishnan

On Dec. 16, Bitcoin finally breached the $20,000 barrier and its previous ATH, after weeks of rallying and flirting with new price levels. The price currently sits at over $23,000 at the time of publishing. Bitcoin surged past $20,000 on Dec. 16 ami...

Loopring Exchange V1 to Shut Down with Full Transition to V2 Set for 2021

16 Dec 2020 1 minute read 2 comments Abhimanyu Krishnan

The Loopring (LRC) team announced on Dec. 15 that it would shut down the Loopring Exchange V1 and its relayer service in 2021. The exchange has already released Loopring Exchange V2 along with its Loopring 3.6 protocol upgrade. Deposits, transfers a...

Silk Road Founder Ross Ulbricht Being Considered for Pardon

16 Dec 2020 1 minute read 9 comments Abhimanyu Krishnan

According to a report from The Daily Beast published on Dec. 15, President Trump is considering issuing a pardon to Silk Road founder Ross Ulbricht. Sources familiar with the matter told the outlet that the White House counsel’s office was reviewing...

Uniswap Introduces Sybil, a Governance Tool for Delegation

16 Dec 2020 1 minute read 0 comments Abhimanyu Krishnan

The Uniswap team on Dec. 15 revealed a new tool for governance that helps users discover delegates.  Sybil links on-chain addresses to digital identities to maintain a list of delegates, “allowing delegators to discover and engage with their communi...

Bancor Rises by 35% After Coinbase Listing

16 Dec 2020 1 minute read 0 comments Abhimanyu Krishnan

The Bancor Network (BNT) token surged by over 35% in 24 hours after being listed on Coinbase Pro on Dec. 15.   The token eyes $2 price target in site after rising over 35% to $1.79 at the time of publishing Before Coinbase, BNT was most active on Bi...