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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...

Coinbase Pro Lists DeFi Tokens AAVE, BNT and SNX

15 Dec 2020 1 minute read 12 comments Abhimanyu Krishnan

Coinbase Pro has listed DeFi tokens AAVE, BNT and SNX, according to an announcement made on Dec. 15. Coinbase Pro opened deposits for the 3 assets on Dec. 14, with trading to begin at 9 AM PST, Dec. 15 AAVE, BNT and SNX are popular DeFi assets that...

NFT Artwork Sells for $777k, Shattering Record

15 Dec 2020 1 minute read 1 comment Abhimanyu Krishnan

The Nifty Gateway platform announced on Dec. 14 that an NFT artwork collection had sold for $777,777, making it the most expensive NFT ever sold. The artwork is one of 20 different pieces from a collection titled “The Complete MF Collection” It was...

Binance Partners with Chiliz, JUV and PSG Tokens to Be Listed on Launchpool

15 Dec 2020 1 minute read 2 comments Abhimanyu Krishnan

Binance and sports-focused blockchain platform Chiliz have formed a strategic partnership, according to a blog post published on Dec. 14.  Binance will list the Juventus (JUV) and PSG Eindhoven (PSG) team tokens on the Binance Launchpool platform Th...

Nexus Mutual CEO Hacked for $8M

15 Dec 2020 1 minute read 2 comments Abhimanyu Krishnan

On Dec. 14, DeFi insurance platform Nexus Mutual (NXM) revealed that the personal address of founder and CEO Hugh Karp was hacked for $8 million.  Karp’s hardware wallet address was attacked on early Dec. 14 by a member of the Nexus Mutual platform;...

Mike Novogratz: Make Bitcoin 5% of Your Portfolio

9 Dec 2020 1 minute read 31 comments Abhimanyu Krishnan

Galaxy Digital CEO Mike Novogratz, interviewed on CNN on Dec. 8, has upped his recommendation for Bitcoin allocation for the average investor, saying that investors should put 5% of their net worth in the asset. Novogratz advised a 5% allocation, up...

Circle CEO Says Hundreds of Millions Will Use Crypto

9 Dec 2020 1 minute read 4 comments Abhimanyu Krishnan

Circle CEO Jeremy Allaire, speaking at the Singapore Fintech Festival, said that he expects third generation blockchains to encompass “hundreds of millions, if not billions of users.” Allaire made the remarks in a panel discussion on the topic of wh...

Standard Chartered to Launch a Crypto Custody Service for Institutional Investors

9 Dec 2020 1 minute read 2 comments Abhimanyu Krishnan

Standard Chartered has partnered with asset servicing firm Northern Lights to launch an institutional crypto custody service called Zodia Custody, according to a press release published on Dec. 9. The bank’s innovation and ventures arm, SC Ventures,...

BTC Likely to Reach $300K in A Year's Time

8 Dec 2020 1 minute read 21 comments Abhimanyu Krishnan

Market analyst Willy Woo offered a bullish prediction for Bitcoin on Twitter on Dec. 1, saying that $300,000 was a possible price target by the end of 2021. Woo said that his model predicting a $200,000 target was “conservative”, with $300,000 now “...

Maker Governance Community to Vote on Adding AAVE and Uniswap LP tokens as Collateral

8 Dec 2020 1 minute read 0 comments Abhimanyu Krishnan

The Maker Governance Facilitator added proposals to support AAVE and Uniswap LP tokens as collateral for generating DAI, according to a blog post published on Dec. 7. The three assets are under consideration are AAVE, and the Uniswap V2 DAI- ETH and...