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Leaked Documents Reportedly Show How Binance Tried to Avoid US Regulation

30 Oct 2020 1 minute read 1 comment Abhimanyu Krishnan

Binance has stirred some controversy, after Forbes reported on October 29 that the exchange had conducted an “elaborate scheme” to evade regulation. Forbes reports that senior executives of Binance devised an “elaborate corporate structure..to inten...

Societe Generale Picks ConsenSys for CBDC Guidance

29 Oct 2020 1 minute read 4 comments Abhimanyu Krishnan

French multinational investment bank Societe Generale selected ConsenSys for guidance on its Central Bank Digital Currency (CBDC) initiative, according to a press release issued on October 28. Societe Generale - Forge, the bank’s CBDC pilot program,...

Aave’s Community Takes Control of Governance

29 Oct 2020 1 minute read 0 comments Abhimanyu Krishnan

Decentralized lending platform Aave (AAVE) announced on October 28 that it has handed over the protocol’s admin keys to the community, a major step in the path towards full decentralization. The Aave team handed over the admin keys to community gove...

The Graph Completes $12M Public Sale Ahead of Mainnet Launch

29 Oct 2020 1 minute read 1 comment Abhimanyu Krishnan

The Graph Foundation announced on October 28 that it had raised $12 million via a public sale of its GRT token, ahead of a mainnet launch expected by the end of 2020. The Graph sold 400 million GRT tokens, which is 4% of its total supply, raising $1...

Grayscale Report Show That Over Half of US Investors Are Interested in Bitcoin

29 Oct 2020 1 minute read 0 comments Abhimanyu Krishnan

Digital asset management firm Grayscale Investments released its latest report on October 27, covering investor behaviour related to Bitcoin (BTC) investments.  Titled ‘Bitcoin Investor Study’, the report analyzed the degree of mainstream adoption t...

Microstrategy Wants to Invest More in Bitcoin

28 Oct 2020 1 minute read 4 comments Abhimanyu Krishnan

In an earnings call held on October 27, Microstrategy President Phong Le made clear that the company was looking to pour more funds to its Bitcoin (BTC) investments. Le noted both the financial and reputational benefit associated with the $426 milli...

Mastercard CEO: Bitcoin Won’t Help the Unbanked

28 Oct 2020 1 minute read 2 comments Abhimanyu Krishnan

Mastercard CEO Ajay Banga doesn’t believe that Bitcoin (BTC) will facilitate greater financial inclusion. The CEO made the statement in the Fortune Global Forum conference on October 27. Banga pointed to volatility and the fact that no one entity ma...

Coinbase Pro Disables Trading As Bitcoin Tests $14K

28 Oct 2020 1 minute read 1 comment Abhimanyu Krishnan

On October 27, Coinbase Pro temporarily disabled trading on its platform amid feed issues, according to the exchange’s status page. Trading continues to be disabled as officials monitor the solution. Coinbase first investigated the issue on October...

Crypto-Powered Audius Airdrops $8M Worth of Tokens to Artists and Listeners

27 Oct 2020 1 minute read 4 comments Abhimanyu Krishnan

Blockchain-based music platform Audius celebrated the launch of its AUDIO token on the mainnet by airdropping $8 million worth of the token to artists and listeners on its platform on October 23.  The team airdropped 50 million AUDIO tokens to 10,00...

IRS States that Just Holding Crypto Won’t Need Disclosure in Tax Form

27 Oct 2020 1 minute read 16 comments Abhimanyu Krishnan

The United States Internal Revenue Service (IRS) has clarified that those who have only held crypto assets in 2020 need not answer yes to the question of whether they have received any financial interest via cryptocurrencies. The IRS issued the clari...