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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...

Vitalik Sheds Light On ETH 2.0 Development Focus, Benefits and Much More in AMA

19 Nov 2020 1 minute read 9 comments Abhimanyu Krishnan

Vitalik Buterin was part of an Ethereum Foundation Reddit AMA conducted on Nov. 17, and provided a lot of insight into ETH 2.0, including how quickly users would see the benefits. The special Phase 0 Genesis Edition of the AMA invited a lot of of qu...

Thai Regulators Approve Cryptocurrencies as Business Capital

19 Nov 2020 1 minute read 1 comment Abhimanyu Krishnan

Thailand’s financial regulators have approved new regulation that would allow businesses to classify cryptocurrency holdings as business capital, according to a report from local media outlet the Bangkok Post published on Nov. 18. Thailand’s Securit...

OKEx Founder Reportedly Going to Be Released From Police Custody

19 Nov 2020 1 minute read 0 comments Abhimanyu Krishnan

OKEx Founder Mingxing Xu is reportedly going to be released from police custody, according to remarks from Chinese industry insiders on Nov. 18. Chinese cryptocurrency insiders, including Primitive Crypto's Dovey Wan and Hashkey Hub’s Mo Li, tweeted...

Binance Sues Forbes for Defamation Over "Tai Chi" Report

19 Nov 2020 1 minute read 1 comment Abhimanyu Krishnan

Binance is suing Forbes and two of its writers for defamation, according to court documents filed on Nov. 18, following a report that alleged the exchange had used a “Tai Chi” company to skirt US regulation.  Binance is suing Forbes, and reporters M...

Microstrategy CEO is Going All In On Bitcoin

19 Nov 2020 1 minute read 3 comments Abhimanyu Krishnan

Microstrategy CEO Michael Saylor has doubled down on Bitcoin as an investment, saying that the decision to invest $600 million of the company’s reserves in the asset comes from a lifetime experience and months of analysis. Saylor made the remarks in...

Mexican Magnate Worth $11B Reveals His Portfolio is 10% in Bitcoin

18 Nov 2020 1 minute read 2 comments Abhimanyu Krishnan

Mexican billionaire Ricardo Salinas Pliego tweeted on Nov. 18 that 10% of his liquid assets was in Bitcoin, making him yet another billionaire to reveal he had invested in the asset. Pliego’s tweet was a recommendation on his favorite book, “The Bit...

AirBnB Might Be Considering Crypto, IPO Filing Shows

18 Nov 2020 1 minute read 0 comments Abhimanyu Krishnan

AirBnB is considering cryptocurrencies and tokenization features, according to an IPO filing submitted to the United States Securities Exchange Commission on Nov. 17. The company said that its “future success will depend on our ability to adapt to e...

Ray Dalio Says Asks Community to Correct Him on Bitcoin

18 Nov 2020 1 minute read 3 comments Abhimanyu Krishnan

Bridgewater Associates hedge fund manager Ray Dalio, a prominent Bitcoin critic, said that he “would love to be corrected” about his views on the asset, and asked Twitter on Nov. 13 to offer arguments in favor of it. Dalio said that he might be "mis...