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Scaling Solution Optimistic Ethereum Launches on Mainnet

18 Jan 2021 1 minute read 1 comment Abhimanyu Krishnan

Ethereum scaling solution development company Optimism announced on Jan. 16 that it had launched the Optimistic Ethereum solution on the mainnet, taking the first step in a soft launch that the team said would see multiple development iterations. Th...

Former Canadian PM: Bitcoin Could Possibly Be a Reserve Currency

18 Jan 2021 1 minute read 1 comment Abhimanyu Krishnan

Former Canadian PM Stephen Harper, who led the country between 2006 and 2015, said in an interview with Cambridge House on Jan. 17 that it was possible that Bitcoin and CBDCs could replace the dollar as a reserve currency. Harper was interviewed by...

Grayscale's Products Raise $700M in 1 Day

18 Jan 2021 1 minute read 0 comments Abhimanyu Krishnan

Grayscale Investments CEO Michael Sossenheim revealed on Twitter that the firm reported its largest-ever single-day raise on Jan. 15, drawing in $700 million into its investment products. Sossenheim said that the inflow indicates that momentum is ga...

Grayscale’s Q4 Report Shows a 900% Growth in AUM

15 Jan 2021 1 minute read 11 comments Abhimanyu Krishnan

Digital asset management firm Grayscale Investments, in its Q4 2020 investment report published on Jan. 43, has detailed the investment inflow that helped grow its Assets Under Management (AUM) by over 900%. Q4 2020 saw an inflow of $3.3 billion, at...

Tether’s Offshore Bank Invested in Bitcoin for Clients

15 Jan 2021 1 minute read 4 comments Abhimanyu Krishnan

Deltec, the offshore bank of which Tether is a client, purchased a large amount of Bitcoin for clients, according to one executive who spoke about the investment in a video on Jan. 13. Hugo Rogers, Chief Investment Officer of Deltec, said in a 2020...

Ledger Owners Get Threats After Data Leak

15 Jan 2021 1 minute read 0 comments Abhimanyu Krishnan

Owners of Ledger wallets whose personal information was compromised in the Jun. 2020 leak have begun receiving threats from malicious actors who hold the information.  One Reddit users, Cryptohomie, said that his father had received an email from on...

Paxos Partners with Chainlink to Boost DeFi Adoption

15 Jan 2021 1 minute read 2 comments Abhimanyu Krishnan

Paxos (PAX) has partnered with oracle provider Chainlink (LINK) to boost the adoption of its assets in the DeFi market, as revealed in a press release issued on Jan. 14. The initial integration sees the DeFi market gets price feed data on Paxos (PAX...

Bitcoin is a "Funny Business'' Says ECB President

15 Jan 2021 1 minute read 4 comments Abhimanyu Krishnan

European Central Bank (ECB) President Christine Lagarde, speaking at a Reuters Next conference on Jan. 13, said that global regulation for bitcoin is necessary because it conducts “funny business.” Lagarde said that the asset was been used in “total...

Cloudfare Partners with Ethereum Name Service, Launches Distributed Web Gateway

14 Jan 2021 1 minute read 7 comments Abhimanyu Krishnan

Web security firm Cloudfare has partnered with Ethereum Name Service, according to a blog post published on Jan. 13. The result of the partnerships is a distributed web gateway. ENS will transfer its ENS + IPFS gateway service from to a dis...

Synthetix Details 2021 Development Agenda

14 Jan 2021 1 minute read 0 comments Abhimanyu Krishnan

Synthetix founder Kain Warwick, in a detailed blog post published on Jan. 12, explained the planned development roadmap and priorities for the project in 2021. Warwick opens the 2500 word post by saying that while the roadmap is his only his thought...