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Willy Woo Says Crypto Will Lose Correlation to Stocks

28 Sep 2020 1 minute read 0 comments Abhimanyu Krishnan

Cryptocurrency market analyst Willy Woo tweeted on September 25 that the cryptocurrency market will decouple from stock markets, as a result of internal BTC adoption. Woo predicts “startup style growth” as opposed to “changes in perceptions as a hed...

Chinese State Media Talks About Ethereum and DeFi

28 Sep 2020 1 minute read 3 comments Abhimanyu Krishnan

Chinese state media broadcaster the China Central Television discussed Ethereum (ETH) and the DeFi space in a news segment on September 25, exposing the asset and DeFi applications to millions of viewers. The China Central Television news anchors sp...

NEO Basically Wants to Fork DeFi on Ethereum

28 Sep 2020 1 minute read 0 comments Abhimanyu Krishnan

China-based Neo (NEO) launched DeFi platform Flamingo Finance on September 25. The Flamingo Protocol consists of core services that draw from some of Ethereum's biggest applications. Essentially NEO variants of popular Ethereum-based DeFi services,...

Aave Hands Governance Over to Users, With Tokenomics Upgrade as First Proposal

28 Sep 2020 1 minute read 0 comments Abhimanyu Krishnan

Decentralized lending protocol Aave (LEND) has transitioned to full community governance, with the first proposal being a vote on its Aavenomics token upgrade, the team announced on September 26. Implementation of decentralized governance is now on...

KuCoin Loses $281M in BTC and ERC-20 Tokens in Hack, Exchanges to Freeze Funds

28 Sep 2020 1 minute read 0 comments Abhimanyu Krishnan

Singaporean exchange KuCoin has lost $281M in a hack that occurred on September 26, according to an official statement. The exchange has assured users that their funds will be reimbursed via its insurance fund. KuCoin’s internal security audit confi...

Atari Partners with Blockchain Gaming Platform Ultra

25 Sep 2020 1 minute read 21 comments Abhimanyu Krishnan

Gaming company Atari has partnered with blockchain-based gaming platform Ultra to see the latter’s platform launch on Atari’s new VCS console, according to an announcement made on September 24. With the Ultra integration, users will be able to spend...

Number of Crypto Users Globally Almost 3x Up from 2018

25 Sep 2020 1 minute read 4 comments Abhimanyu Krishnan

The Cambridge Centre for Alternative Finance recently conducted a study on the cryptocurrency market and it has returned some positive results. Released in September 2020, the 3rd Global Cryptoasset Benchmark Study shows that the total global users h...

Daimler Blockchain Division Partners with Ontology, Unveils Mobility Platform

25 Sep 2020 1 minute read 0 comments Abhimanyu Krishnan

Digital identity and data management blockchain project Ontology (ONT) has partnered with automobile manufacturer Daimler’s blockchain division and blockchain-based products. Daimler announced at Startup Autobahn EXPO Day, held on September 24. The...

Kava Introduces Harvest, an AMM for BTC and XRP

25 Sep 2020 1 minute read 1 comment Abhimanyu Krishnan

DeFi lending platform Kava (KAVA) revealed a new automated market maker (AMM) called Harvest, touted as the world’s first cross-chain money market. The protocol’s governance token, HARD, will be rewarded to both suppliers and borrowers  Supported as...

Binance Opens 'Innovation Zone' for New DeFi Tokens

24 Sep 2020 1 minute read 11 comments Abhimanyu Krishnan

Binance has launched a new “Innovation Zone” for select users to trade upcoming DeFi tokens, according to a blog post published on September 21. The Innovation Zone was motivated by the desire to bring a balance of accessibility to DeFi coins while...