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US Judge Says That Kik's Token Sale Violated Securities Law

1 Oct 2020 1 minute read 0 comments Abhimanyu Krishnan

On September 30, a U.S. district judge for the Southern District of New York ruled that messaging app KIK’s $100 million token sale held in 2017 violated securities law. The judge said that the KIK token met all of the criteria of the Howey test, wh...

Jack Dorsey Disagrees with Coinbase CEO's Apolitical Stance

1 Oct 2020 1 minute read 0 comments Abhimanyu Krishnan

Twitter and Square CEO Jack Dorsey has spoken up against Coinbase CEO Brian Armstrong’s letter to employees regarding the exchange’s apolitical stance on September 28.  In the open letter, Armstrong touched upon several topics, but the overall idea...

Binance Launches a Mix of MakerDAO and Compound on its Chain

30 Sep 2020 1 minute read 6 comments Abhimanyu Krishnan

On September 28, Binance announced a new money market system called Venus that features a design that is a combination of both MakerDAO (MKR) and Compound (COMP). Binance first announced Venus in August 2019, saying that it aims to break “financial...

DeFi Community in Tears After Rushing Into Unaudited $EMN Contract

29 Sep 2020 1 minute read 8 comments Abhimanyu Krishnan

DeFi enthusiasts on the lookout for the next hidden gem have been left burnt after investors of Eminence Finance (EMN token) have lost funds as a result of the protocol’s unaudited contracts. The EMN protocol was subject to a flash loan exploit whic...

Europe's Bitpanda Raises $52M in Series A Funding Round

29 Sep 2020 1 minute read 0 comments Abhimanyu Krishnan

Cryptocurrency brokerage firm Bitpanda has raised $52 million in a Series A funding round, according to an announcement made on September 29. Venture capitalist Peter Thiel’s Valar Ventures led the investment round; additional investors include Aust...

Hacker Reshuffles Stolen Funds From KuCoin, Starts Selling

29 Sep 2020 1 minute read 1 comment Abhimanyu Krishnan

The hacker(s) who stole $150 million Singaporean exchange KuCoin has begun selling his tokens via the decentralized exchanges, according to the latest information on September 28. The criminals behind the KuCoin hack are transferring funds via decen...

There is Only 11.9% of Bitcoin Left to Mine

29 Sep 2020 1 minute read 2 comments Abhimanyu Krishnan

The Bitcoin (BTC) network has only roughly 11.9% BTC left to mine, or about 2.5 million Bitcoin, according to market analyst ChartsBTC, who tweeted about the milestone on September 27. 18.5 million BTC out of the total 21 million supply is currently...

Grayscale Now Owns Nearly 450,000 Bitcoins

29 Sep 2020 1 minute read 1 comment Abhimanyu Krishnan

Digital asset management firm Grayscale Investments now owns 449,00 Bitcoins, after having purchased another large amount in the past week of September. Grayscale purchased 17,000 BTC in the last 7 days, bringing their total holdings to 449,000 BTC...

Bitcoin Has Been Above $10K Mark for More Than 64 Days

29 Sep 2020 1 minute read 1 comment Abhimanyu Krishnan

On September 27, Bitcoin (BTC) set a new record that will keep bulls optimistic, having stayed above the $10,000 mark for more than 64 days, the longest it has done so since inception, according to data platform Messari.  Bitcoin was last below $10,...

DeFi TVL Now Beyond $11B, Ethereum Crosses $350

28 Sep 2020 1 minute read 0 comments Abhimanyu Krishnan

The total value locked in the DeFi market is continuing its rapid growth, crossing $11 billion on September 28, according to data platform DeFiPulse. The DeFi market currently has $11.16 billion locked in, having recorded $10+ billion in the past we...