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Harvest Finance Hacked, $FARM Goes Down by 40%

26 Oct 2020 1 minute read 0 comments Abhimanyu Krishnan

Newly launched Harvest Finance’s token FARM has dropped by 40.2% in value following a hack that siphoned $24 million on October 26.  The FARM token has dropped by roughly 40% following news of a $24 million hack; it is priced at $140.14 at the time...

Kanye West Thinks Highly of Bitcoin

26 Oct 2020 1 minute read 3 comments Abhimanyu Krishnan

American rapper Kanye West, in an interview on the Joe Rogan Experience held on October 24, discussed Bitcoin, and emphasized that Bitcoiners “understand how to liberate humanity.” Kanye spoke about Bitcoiners with reference to the turmoil in Americ...

Fixed Lending Rate Protocol Yield Protocol Launches Beta Version

23 Oct 2020 1 minute read 26 comments Abhimanyu Krishnan

Yield protocol, a new DeFi protocol that offers fixed lending rates, has launched on the Ethereum (ETH) mainnet, according to an announcement made on October 19. Yield Protocol’s beta launch on Ethereum brings fixed-term, fixer-rates to DeFi Users c...

Billionaire Paul Tudor Jones: Bitcoin Looking Better than Ever

23 Oct 2020 1 minute read 5 comments Abhimanyu Krishnan

Billionaire Paul Tudor Jones said in an interview on CNBC on October 22 that he was very bullish about Bitcoin and that it was still in the “first inning.” Jones, who revealed his Bitcoin investment in May 2020, offered a very bullish prediction for...

Akon’s Akoin Will be Listed on Bittrex

23 Oct 2020 1 minute read 3 comments Abhimanyu Krishnan

Musician and entertainer Akon’s cryptocurrency Akoin will see its first exchange listing on Bittrex, the company announced via a press release shared with CryptoSlate on October 22. Bittrex will list Akoin on November 11 Akoin is based on the Stella...

Filecoin Miners Get Their Rewards

23 Oct 2020 1 minute read 1 comment Abhimanyu Krishnan

The Filecoin network underwent an upgrade on October 22, which granted miners an immediate reward, alleviating some of their concerns about the network’s mining incentivization model FIP-004 of the Lotus 1.10 upgrade was activated at block height 17...

PayPal Might Be Buying Crypto Firms

23 Oct 2020 1 minute read 0 comments Abhimanyu Krishnan

Bloomberg reported on October 23 that Paypal is considering buying custodian BitGo, among other industry entities. Bloomberg’s sources told the outlet that Paypal was considering buying multiple companies, with BitGo being the most prominent company...

CasperLabs Raises $14M in Private Sale

22 Oct 2020 1 minute read 7 comments Abhimanyu Krishnan

Smart contract platform CasperLabs announced on October 21 that it had raised $14 million in a private sale.  The $14 million private sale was led by crypto fund Digital Strategies, with other investors including HashKey Capital, RockTree Capital, S...

PayPal to Support Cryptocurrency Payments from 2021

22 Oct 2020 1 minute read 2 comments Abhimanyu Krishnan

Online payments platform PayPal announced on October 21 that it would begin allowing users to buy, sell, and hold cryptocurrency in the next few weeks.  PayPal has partnered with Paxos for this service, a development first rumored to have happened in...

Protocol Labs and ConsenSys Partner to Integrate Filecoin into Ethereum

22 Oct 2020 1 minute read 0 comments Abhimanyu Krishnan

Filecoin (FIL) developer Protocols Labs and Ethereum development company ConsenSys have announced a partnership that will see Filecoin integrated into the Ethereum (ETH) network, according to a press release published on October 21. Protocol Labs an...