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Celsius Network Now Sits on $2.2B AUM

10 Nov 2020 1 minute read 8 comments Abhimanyu Krishnan

Crypto lending platform Celsius Network has crossed $2.2 billion in assets under management (AUM), according to a press release published on Nov. 9.  Celsius network has reached the milestone of $2.2 billion in AUM, only 6 months after reaching $1 b...

Pantera Capital and Alameda Research Make Investments in Balancer

10 Nov 2020 1 minute read 0 comments Abhimanyu Krishnan

Pantera Capital and Alameda Research have invested in Automated Market Maker (AMM) Balancer Labs through direct token purchases, the team announced in a blog post published on Nov. 10. Pantera Capital and Alameda Research have bought BAL tokens from...

PlanB Says 2021 Will be ‘Spectacular’, Bitcoin Will Reach $100k

10 Nov 2020 1 minute read 4 comments Abhimanyu Krishnan

Market analyst PlanB tweeted on Nov. 8 that Bitcoin (BTC) is set for a spectacular 2021 with a strong bull run that would result in 6 figure valuations. PlanB made the tweet in response to queries he received regarding whether he still believed in t...

Billionaire Stanley Druckenmiller Yet Another Major Investor to Change Tack on Bitcoin

10 Nov 2020 1 minute read 0 comments Abhimanyu Krishnan

Billionaire hedge fund investor Stanley Druckenmiller said in an interview on CNBC on Nov. 9 that he made his first Bitcoin purchase, adding to the number of famous investors who have changed their views on the asset. The founder and manager of the...

China Will Probably Test CBDC in Beijing Soon

10 Nov 2020 1 minute read 0 comments Abhimanyu Krishnan

China is readying a pilot for its CBDC in the capital of Beijing, according to a report from local media outlet Sina on Nov. 9. The Beijing Local Financial Supervision and Administration and the Tongzhou District government held a conference where t...

SEC Commissioner Hester Peirce Says Crypto Regulation Could Be Faster

10 Nov 2020 1 minute read 0 comments Abhimanyu Krishnan

United States SEC Commissioner Hester Peirce, speaking at a conference on Nov. 9, said that the US government was slow to regulate the cryptocurrency market and that regulation in the space could be faster. Peirce was speaking at CoinDesk’s Bitcoin...

Ripple Opens Office in Dubai

9 Nov 2020 1 minute read 1 comment Abhimanyu Krishnan

Local media outlet Emirate News Agency reported on Nov. 7 that Ripple had opened a new office in Dubai, establishing the new location as the regional headquarters.  Located in the Dubai International Financial Centre (DIFC), the office will be the c...

Grayscale's Ethereum Trust Has Now Over $1B AUM

9 Nov 2020 1 minute read 2 comments Abhimanyu Krishnan

Digital asset management firm Grayscale revealed on Nov. 6 that its Ethereum Trust had crossed over $1 billion in assets under management (AUM).  Grayscale’s Ethereum Trust has $1.1 billion in AUM, the second-biggest product behind its Bitcoin Trust...

YouTuber Casey Neistat Was Buying ETH at $40

9 Nov 2020 1 minute read 0 comments Abhimanyu Krishnan

YouTuber Casey Neistat tweeted on Nov. 6 that he had bought Ethereum (ETH) back when it was $40 in 2017 and was still holding onto the purchase. Neistat had purchased ETH for $40 in 2017, which would put the purchase date at march 2017 He made the t...

Crypto Lender Cred Files for Bankruptcy Following Alleged Fraudulent Activity

9 Nov 2020 1 minute read 0 comments Abhimanyu Krishnan

Crypto lender Cred filed for chapter 11 bankruptcy in the United States on Nov. 7, a month after the company said it was investigating fraudulent activity involving corporate funds. Cred filed for bankruptcy in the state of Delaware, with assets of...