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Accounts Belonging to Peter Schiff's Bank Under Investigation for Tax Evasion

19 Oct 2020 1 minute read 6 comments Abhimanyu Krishnan

According to a report from Australian media outlet The Age published on October 18, authorities are investigating bank accounts belonging to Peter Schiff-founded Euro Pacific Bank. Several governments have issued subpoenas allegedly related to tax e...

TVL of Newly Released BarnBridge Protocol Crosses $100M Mark

19 Oct 2020 1 minute read 0 comments Abhimanyu Krishnan

Newly released tokenized risk protocol BarnBridge has garnered over $100 million in total locked in value, just days after its launch on October 14. The BarnBridge protocol has seen over $100 million in USDC, DAI, and sUSD in just 5 days  Yield farm...

Filecoin Miners Turning Machines Off Shortly After Mainnet Launch

19 Oct 2020 1 minute read 1 comment Abhimanyu Krishnan

Miners on decentralized storage protocol Filecoin are switching their systems off as a result of high staking requirements, as reported by Chinese media outlet 8btc on October 17. Five of the network’s biggest miners have unplugged their rigs off th...

Binance Burns $68M in BNB

19 Oct 2020 1 minute read 0 comments Abhimanyu Krishnan

Binance announced on October 17 that it has burned $68 million worth of BNB tokens as part of its 13th quarterly burn. Binance burned a total 2,253,888 BNB, making it the largest burn in terms of fiat value and the fourth highest in terms of BNB val...

Batman Artwork NFT Sells for $200K

19 Oct 2020 1 minute read 1 comment Abhimanyu Krishnan

Non-fungible Tokens (NFT) that represent Batman artwork have sold for over $200,000 on NFT marketplace MakersPlace, according to an official tweet posted on October 17. The five piece collection of Batman artwork sold for a total of 540.86 ETH, wort...

OKEx Suspends Withdrawals Following Investigation by Authorities

16 Oct 2020 1 minute read 16 comments Abhimanyu Krishnan

OKEx has suspended withdrawals indefinitely on its platform, following reports of investigation by authorities on October 16. Local media outlets report that a company official has been arrested by the police and that he or she is cooperating with t...

Coinbase Will Sponsor 2 Bitcoin Developers

16 Oct 2020 1 minute read 6 comments Abhimanyu Krishnan

Coinbase announced on October 15 that it would provide 2 grants towards Bitcoin developments as a part of its first Crypto Community Fund grants. Coinbase will sponsor at least 2 Bitcoin developers who contribute directly to the Bitcoin Core codebas...

Coinbase Pro Will List Wrapped Bitcoin

16 Oct 2020 1 minute read 1 comment Abhimanyu Krishnan

Coinbase announced on October 15 that it would list tokenized Bitcoin asset Wrapped Bitcoin (WBTC) on its professional exchange from October 19. Coinbase Pro will open deposits for WBTC on October 19; once liquidity has been established, traders can...

Report Says that Bitcoin Could Hit $15K

16 Oct 2020 1 minute read 1 comment Abhimanyu Krishnan

A report published by Stack Funds on October 15 makes a bullish prediction of $15,000 for Bitcoin (BTC) by the end of 2020. Stack Funds tracks the Market Value to Realized Value and says that that the 10, 50, and 100 Moving Averages of BTC indicate...

YFI Founder Explains Development Ethos in Blog Post, Says He Doesn't Build for Speculators

16 Oct 2020 1 minute read 1 comment Abhimanyu Krishnan

On October 15, yearn.finance founder Andre Cronje published a lengthy blog post describing his motivation for developing DeFi projects, in response to the controversy arising from the Eminence.finance project.  Cronje’s stated that he wanted to star...