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Michael Saylor on Bitcoin Integration by Apple

13 Nov 2020 1 minute read 9 comments Abhimanyu Krishnan

Microstrategy CEO Michael Saylor has a tip for Apple, tweeting on Nov. 11 that if the company were to integrate Bitcoin into its Apple Pay app, it would generate $100 billion in shareholder value. Saylor tweeted in response to a post by Dan Weiskopf...

UNI Farming Won't Be Extended, Incentives End in 4 days

13 Nov 2020 1 minute read 5 comments Abhimanyu Krishnan

The Uniswap exchange concluded its first community call on Nov. 12, where the platform’s users discussed several issues, including those related to its UNI farming incentive programs.  The community call focused on several topics, including the firs...

DeFi Protocol Akropolis Loses $2M in Flash Loan Attack

13 Nov 2020 1 minute read 2 comments Abhimanyu Krishnan

DeFi Savings protocol Akropolis revealed on Nov. 12 that it had been subject to a flash loan attack, losing over $2 million as a result. The Akropolis team noticed at 14:36 GMT on Nov. 12 that $2 million in DAI had been siphoned out of a Curve and s...

ECB President: Digital Euro Could Launch in 2 Years

13 Nov 2020 1 minute read 0 comments Abhimanyu Krishnan

European Central Bank President Christine Lagarde, in a virtual panel discussion on central banking held on Nov. 12, said that it was “her hunch” that a digital euro would be released in a few years. Lagarde was one of the speakers in a panel discus...

All US PayPal Users Can Now Buy Crypto

13 Nov 2020 1 minute read 6 comments Abhimanyu Krishnan

PayPal has removed the waiting list for its cryptocurrency purchases and increased the buy limit to $20,000 power week for its US users, according to a press release published on Nov. 12. From Nov. 12, all US holders will be able to buy, sell and ho...

One of China’s Largest Bank is Selling $3B Bond on the Blockchain

12 Nov 2020 1 minute read 1 comment Abhimanyu Krishnan

China’s second largest bank, the China Construction Bank (CCB), has put $3 billion worth of a debt security for sale on the blockchain, according to a report from the South China Morning Post published on Nov. 11. The CCB partnered with Hong Kong-ba...

A $1M Bet on Bitcoin's S2FX Model to Fail

12 Nov 2020 1 minute read 1 comment Abhimanyu Krishnan

On Nov. 12, Arcane Asset Chief Information Officer (CIO) Eric Wall wagered $1 million that PlanB’s Stock-to-Flow (S2F) model would fail within the next 5 years. The bet comes after PlanB said a few days prior that he was confident in the model. Wall...

Ethereum 2.0 Deposits Now at 11% of Required Staking Amount, Deadline in 2 Weeks

12 Nov 2020 1 minute read 2 comments Abhimanyu Krishnan

The deposit contract for Ethereum 2.0 has crossed 58,000 ETH as of Nov. 12, roughly above 11% of the required amount. The contract address shows that stakers have deposited more than 58Kk of ETH, roughly 11% of the 524,588 required The contract firs...

Biden Administration Picks Crypto-Friendly Gary Gensler to Lead Financial Policy Transition

12 Nov 2020 1 minute read 0 comments Abhimanyu Krishnan

President-elect of the United States Joe Biden has appointed crypto-friendly former Commodity Futures Trading Commission (CFTC) Chairman Gary Gensler to lead the administration’s financial policy transition, according to a report from American Banker...

ETH Infrastructure Provider Infura Goes Down, Forces Exchanges to Pause ETH Withdrawals

12 Nov 2020 1 minute read 0 comments Abhimanyu Krishnan

Ethereum (ETH) infrastructure developer Infura’s API suffered a major outage on Nov. 11, forcing several exchanges to suspend ETH withdrawals. The service outage began on Nov. 11 at 8:12 UTC, resulting in delays in the price feeds of ETH and ERC-20...